Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-06-28
AN INDEPENDENT POLITICIAN.

Mr.. Talmadge, United States Senator tr'm
New York, considering his views mlsrepr-
sented or misunderstood by the Editor OF tie
New York Evening Post, publishes Letter,
addressed to that Editor, from which we male
the following extract:
"The editor of the Post is pleased to re-
mark, that my speech in the Senate OF the
United States, about a year since, on the de-
posite act, in which ventured some views n
relation to our credit system, "was duly copiel
into the whig papers with great applause
&c. Seeing those papers but seldom, l was
not aware how extensively it had been copiel
or applauded by them. | was, however, a,
that time in the regular receipt of the Even
ing Post, and do not recollect to have seel
that speech copied into its columns, and an
not aware that its readers have ever been ia.
vored with my views on the subject, to enable
them to form an opinion of the correctness o
the animadversions of the Post. Those views
l believed correct at the time, and have seen
nothing since to change them, but every thing
to confirm them. l have no disguise about my
opinions on this subject. / am in favour O:
a we'll regulated credit system, and opposed
to the chimerical scheme of an Erecutirt
metallic currency. The following extract from
the speech which has so unceremoneously re-
ceiyed the censure of the Post, will show my
opinions then. as well as the opinions which |
now entertain: -
"The credit system is the distinguishing
feature between despotism and liberty; it is
the offspring of free institutions: it is found
to exist and it's influence is felt, in proportion
to the freedom enjoyed by any people. BY
freedom do not mean unregulated, unre-
strained natural liberty, but that freedom
which founded on just and equitable laws
where the rights of personal security, of pri-
vaue property, and relglous toleratlon are
guaranteed to every individual; where there
IS a general diffusion and knowledge, and the
existence of public and private morality.
These are the elements, and they together
form the basis of public confidence of which
the credit system rests. This is the inven.
tion of modern times. In the old governments
of Europe, where liberty found resting
place, credit was unknown. TO the United
States, has been left the honor of maturing
and perfecting this system. TO the United
States, also, Is lllS iIOIlOi vi llISL
applied the system of steam navigation. The
effects on the internal prosperity of the ma.
ton have been as sensbly felt in the one case
as in the other; and he who should at this
day recommend an entire abandonment of our
credit system for sole and exclusive metallic
currency, would be deemed no less visionary
than he who should attempt to substitute a
Pennsylvania wagon for locomotive or "a
nal packet, or should endeavor to stem the re.
sistless current of the Mississippi in a fiat
boat, instead ofthose splendid palaces which
now move mojestically on its waters. Shall
we then, Mr.. President, check its time ofpros-
perity, by the introduction of new and untired
schemes! Shall we not be content with the
necessaries, the comforts, the conveniences,
and the luxuries of life. which arc so widely
difused throughout this whole country! Shall
We attempt to overthrow, subvert and destroy,
a system which has produced all these bles-
sings which has brought happiness and plen-
ty to the door ofevcry man? and that, too, for
the purpose of adopting some Of the exploded