Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1828-06-26

4 kilOfSkGEs Tic tUCdt tuotlutIUuo CUuiN
make money plenty in every mans
pocket--they could issue TO any extent
Bot this unconstitutional corporation,
this body without soul, is enabled to
force back the bills as soon as issued,
wlckedly demanding specie for The
same. Thus constituting an insUr
mountable check on the local Banks,
against over issues In the up country,
they have still other notions, in regard
to the hardness of the times The
good woman raising her spectacIes.
and charging her pipe, declares it is
all owing to the Yankee Pedlars. who
are ydmpGging through the country
with their notions 1Chich they sell at
half price. While neigbbor True
penny is rather jubilS IFS the Tennes
seeans who are ruining the country
with their mighty droUes of hogs and
horses. and for which they carry off all
the peoples money Indeed, every
one accounts for the hardness of the
times aud the scarcity Of money in q
way peculiar to himself. Can it be
thought presumpluons in as, then if we
offer our own views on the subjeci?--
To make a long matter short, then, 1--we
hazard the opinion, that all this great
evil has arisen from the little word
credit A few days ago, when cot
ton was 80 cents, when the banks
discounted freely, and a prime field
hand sold for thousand dollars, the
people became intoxicated with the
visions of sudden wealth. The plant
er who owned . thousand acres Of
land, bought another upon credit ~
The man who owned ten negroes
bought ten more on credit. The
good folks who were glad to visit q
neighbor. or the meeting honse in an
ox-cari, bought carriage and pair on
a credit The thriving dame who be
fore dressed herself. her good man and
childrenin homespun OF her own mar
uiaclure, now bought broad cloths, and
silks, and tnuslins, and caiicoes, ami
leghorns on a credit Those aoe, c
jine times, says the farmer, his una
gfnattOn warming at the recollection,
se could obtain credit to any extent
Glorious tiiRe-l echoes the shopkeep
CT, rubbing his hands, we charged
tqvo hund, ed per cent profit Pros.
porous tunes, say The banks we had
ten millions OF bills in ciicul1tion!--
But pay day came, T'he hank, were
called on for specie, they curtaiIed
their business, called on the merchant
| for reductions and discounts, the uDer
chan, pressed the shopkeeper, The
ahopkeeper, the customer Then
came the fall in The price of cotton, the
depreciation in the value OF all kinds oil
property The man who bought ten
negroes on credit, was obliged to
sell twenty to pay The debt. And The
carriage was sold by the sheriff for the
purchase money, and the OK cart also
TO make up the deficiency. These
were fine tunes, says the Sheriff. Ire
turned five hundred writs at one term
Glorious tunes! echoes the Deputy,
had an hunured Ca Sa's'in my poke
at once! But the ruin which followed
these fine times, that glorious era, ha.
not opened the eyes of The people. moi
taught them moderation, They sill
Roy on a credit, whenever they car
} find shop!1eeper or negro trader, vii
ling to trust, And it is this hankerin,
after credit, this dispost on TO run il
debt that has caused the presnt outer,
about money. There Is as much mo
ney 10 the country now as usual, ant
he who is not in debt, does not fee
, the want Of it.