Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-08-14

i am gOin 10 write 10 you on mater
that is plagy deep and cute, and if ! cant
make you understand it, then you may
be sartin ! don't understand it myself
and if that is the case, it wont be the
first time that man has undertaken to
explain thing that he makes darker
than it was afore But III try it, and if
you don't see it, I'll take my share ofthe
fault in explanin ont, and you must take
tother share, and that will be about
right.
Wen now to begin-you know that
good deal has been said of late about
paper money, and hard money, and some
FOLKS about "the Government" are try
ing to make it out that the Gineral is 60
in to make all the money in the country
hard money, and to git rid Of all paper
moncy.
If folks don't look well into this matter,
and understand what the natur ont is, 90
out of 100 on EN- will get puzzled most
shockln, and git so much dust thrown in
their eyes, that it might take considera-
Bile work 10 explain and git matters right
agin; and am now goin 20 give my no
tions about it, and then let every man
take his own course, and if things git
crooked | cant help it. | want to see
things 90 strait, and that's the reason |
write you this letter.
! If this country was a small country
like an island, where a man could eat
! his breakfast on one side ont, and walk
7 across to the other side to eat his supper,
then perhaps it wouldn't be much out Of
the way to have all the money in it gold
and silver. But seen that it is some
thin of considerable Of country, and
man has to eat a good many breakfasts
and suppers aiore he gifts from one side
ont to the other, then my notion is that
!, it is necessary to look out and see il we
/ cant git our money from one pint to the
other a leetle easier than carrying ONT
in bard money;--now let MS suppose
= there warnt bank note in the country
: and all the money was hard money, anC
@ suppose you wanted to buy 100 bales o
r cotton in Tennessee-well 100 bales o.
h cotton would cost about four thousand
: dollars, nigh as ] can kalkulate, ana
= four thousand dollars in silver would
t weigh about 24O lbs. Now how wouC
: you git this money in the cheapest way
: from New-York to Tennessee? A horse
8 cant very well carry it, and so the only
$ way is to hire a waggon.-Well, now
!, you have got it to Tennessee, and al,e
d you have bought the cotton, the man yo'
d bought it of wants to buy goods with th'
), money at the place where the goods arr
/: cheapest, and ten to one he finds New
?, York is that place; and so back he send
d these dollars agin to NewY ork to bu
goods.
- Well, the next time you want to bu
e cotton, you'll begin TO flyer out how yo
+ can save this expense and risk of sendl
e dollars, and you'll find out that folks 1
II Tennessee want dollars in New ork
+ buy goods, jist as much as you want ell
e in Tennessee for their cotton; and If 20
10 can put your dollars in a 9 ood safe plac
= in Newly ork, and take resate for EN-
s. saying that them are dollars shall be Dc
& livered up when that are resate is pre-
4. sented, then all you have got to do is
of carry that resate with you, or send 1t
M a letter, and accordin TO the safety ar
,e security and good character of the ma
~ who holds the dollars, and gives that r.
safe for EN-, iist so it will pass from har
- to hand, and be just as good as the do
ed lars, and leeile better, because 1t is e
40 sier carried than the dollars, and at lie
id expense; and it is the natur of our pc
n ple to do all kinds of business at ii
ot least expense possible, and that's tt
i'm reason why they so ahead OF all the re
or of creation.
Well, then, fthis is so, as | have bee
tellin, and it is as true as natur, then o
folks would make banks right OIL, wit
out law, and without knowing ont, {
/, , every bit of hard money would 60 rig
into the hands Of folks known to be ri,
les and secure, and honest, or supposed
tie be so, and their resates for it would
handed about jist as bank bills are no
M promisin to "pay The bearer on demand
;s and so we should have as many on {
-, as we have bank bills now.
nv Our folks in Congress and in Legis
- lures, saw this a long spell ago, and tn
;s see from the very natur of things Il
Or business all about the country, would
-, right into that channel, and nothing cot
,,v help it, and they went right to work
~ plan things so that the people should
he deceived in taking these resates,
it would be plagy hard for man to
one in pay for his goods, and when
called for his money to git an ansv
sayin that the marchant or broker CO
, not pay it, and that he was broke al
.''' bits, and so forth. And so the Legs
.urcs Of the States turned To and ms