Southern planter., 1832-04-21
THE WAY TO LIVE WITH CREDTT.

"Crsdite posieri" IS the maxim on whicha cor
respondent Of Mr.. Bulwer's Magazine founds Ger.
tain preceplsn in the art flying, which he enforces
and illustrates by history, Of which we submit tho
principal Is,Ss portions to the cSp'de9non Of our
an has been said, and id bald: and mus. ever
continue 70 be said, loans arc the most productive
sources OF credit II was the loans Of Mr. Pitt
which raised this country TO the state Of prosperity
which now enjoys, and in Fupce the loans Of the
Ministry have elevated tho funds g Heaven knows
WHAT These two examples are sufficient to prove,
as primary principle in public and private as
fairs, that the best system of iinad Us founded %
"The more we borrow. the greater our srsdits
Would you have other examplesFl look at spain.
which always has boen, and always would be bon
rowing; Portugal is similarly dsposed, Russia 3
always anxious for loan, and Naples has no othcB
dependence. What succeeds with nation can
not fail with an individual; and the truth Of this 4
evident from the facts am about "a narraie, and
which I know from indisputabio authority (my 70
ation, Lord NJ gave TO Pitt the idea Of his celO.
braied scheme of finance.
"The memory Of the interesting echnsidsr p
still green in the valley Of ofSwizerland. will RS
late the tale, he only to remove the las, few scr
pies in your breast (if indeed any Teman) regard.
ing loans. n
"Schnelder was an inhabltant Of the Canton of
Underwald, and descended from good Swiss fam
ny. Ills talher had been very forward in opposing
tho oligarchies Of certain Canlons. THIS man. a
born democrat, asserted that the Helyetc conan
tuhons were perfect hrces, and that il was not rea.
sonable that the arlsoeacy Of small canton should
exist beside the democracy Of another. He visa
cd 10 SEQ the whole united in one and that tho laws
imposts. and rights Of one should be common 10 All.
and he dreamed OF some grand project Of lsvelng
the mountains of Switzerland with the social COZ
tract Of Jean Jaques Rousseau--but il was imprac-
iicable. He expended great deal Of money on
hs scheme and then died, leaving his only son but 4
volume on Constitutions, handsomely bound.
gilt, and decorated with the arms Of the difaFene
Canions.
"Tho son, thus disinherited by the democracy Of
his father, was naturally well endowed and had
been well educated; he had made sort Of educa.
ton OF the eyes, similar TO that which have de-.
scribed. To this he united delightful dispose
ton, which was certainly worth the lOOOO0l can
lial CONNIE Il Jdwj but young Schneider had nos
this cash IN his pocket As, however, he had D
name known and esteemed, he was welcomed at the
best houses in the canton. Although Il WINS vague,
y reported that his father had left him no fortune.
yet Il was not for moment suspected that all Ne
inherited was the volume on Constitutions.
The system OF loans came as suddenly into the
head OF Schneider as did attraction 10 the brain of
Newton, and with the holy zeal which is usually
elected by new discovery, he proclaimed to tho
world that he wanted 1000 rix-dollars, for which
ho would pay interest al five per cent and the prin-
clpal in six months. This loan raised, bis way was
clear before him. His manners we're SO good, that
banker Of his acquaintance, Of the firm of Frey
g. Co. offered him the assistance he required; and
he received in exchange,ffom young Schneider two
bills Of tho date agreed on, which lie consigned to
his pocket book.
Having achieved this sum Schneider resolved to
live honestly and honouraby. lie limited his en-
penses and pretended to talk to all Of his regulated
way of life. lie was thought amiable and arnst-
worthy: his father, he said, had bequeathed him ve-
ry little, but aided by some trifing negotiations he
had in hand, he hoped to be able TO make both enda
meet at the end of the year. This modest and un-
assuming conduct was soon noticed, aud in three
months the youth was known throughout Under.
wald as the Interesting Schheidef'
However the bills were coming TO maturity in
! the pocke,-book of Frey; but two months before