Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-11-02

cWPais opr o,ea Gorcramepf from The ciarPe ojbcjna
ne original cdase 81 the n.scticf. Dlher enunlrir,
have been suffering no - evils similar 10 those sui
tered by ousehes,' etccpt those Whjch htg haze Ut
iefe8 dy tier connexions Nth aud ioSSsS By nv And
" a reference 10 the aln0unt oi capital aud the is
SUES al paper credits, put IN circulation in Great
bhtalh, Ac, during The Years 1884, aud le36," uif
not show an augmentation 81 paper turfeneN there
as much dlspropnttoucd to the real wants oftr.de
AZ IN the United States" Aor has hets bten Il,
EagtoPd any general rise q prices mon dow we wit.
ness IN both countries the same rcduntMne, Of pa
per money, and other facilities Of cf,d,t," OF the
same sp'rI OF speculation These positions of the
President are cnufe, erroneous and the facts he sup
poses have not shadow of existence
lie SAID he did not of course, make these con.
uadlctlonS IN IN Offensive sense. ia a way dsrc-
SPettlul to the President lie had been III favor of
h's election, and did not rretet it. lie moreover
beheved him 10 be a muu OF patriotism aud ntcg r-
~ rs well rs intelligence, and he hoped 10 be able
TO support his Administrations But If lac VAS las
ne Wis doubiless) sincere inquirer after truth"
lie would he glad To be corrected III views calculated
I" deeencthe People aud divert their MINDS from
theifue agency by which ihey have been oserwhclm-
ed. lie Presidents " difference" IN fact, ought
to lave shown Inn mherc the f=ult lay. lie states
that one nation has become bankrupt. The other
sustained itself, aud Is now neil, recovered VIII,
tins 3" difference !" Why, simply because Guns Is
lie distress n IL DEBTOR naolic hpaY The d(bt;
THEIRS IS he disirtsa al he CREDITOR lar want OF
the money due him. The creditor OF a bankrupt Is
frequently much injured for waui oi hjs money, bul
It does not necessarily follow Hint he also luis. And
IA no east is he chugcat,e with ht feil'es and rX
u"4panccs thu brought about the disaster lie
may have been too eontdne. but thc,c his 1nIl ends.
The m)u llcons Pc lgll, with bl advisers may
contract drbs, multiply obligations, make expert.
mrnts, and htcoHr embarrassed aud baukrupt
The cohidng ntizhbor Nho trusted Inn too Tar
may eel scn,Ihls tie want OF h debt, be obliged To
tsII fsifI
While; bu being the CREDITOR and Therefore most
likely the richer 81 the tAo hr is not salhels to be
ruined. Here Nj h. read an extract Of letter
tronla gentleman OF liverpool. stating llap' there
Is ~ distress III England except that winch grows
ont ai American eonbcNons: and thar * passing
OH though muchat debt femains unpaid II Eng
lAnd, we are told loz al quarters, is eass, aud
Win an abundance ot c1puI, prepared 10 make IN
'tslhienls, aud en-, ~ new euterprles. w It
mere cfrcE IL Me hleist recommendations II e e9ptai
@f, bgd3c embtrdsSmealei ms 8ebtor, Is aaaioei;ei
r't3 IN HhRo@ eoa R1rt1cJ 10 Rf prostrde and hop-
less eoedHton e las baahrppt debtor hipscift
those. he sad, who Insisted that tllc national dis
treas could not haee bron oeeasoucd by the acts of
our own EXccuihe, because thrie h1d been some
distress N those commercial natoils with whom We
trade, put hnn II uIIud III thai great Philosopher
Who stunned Hlstno N the darkness ui midnight
All fned ont against the sun tor nat shining IN the
hgll Instead ot tie day ALLEGING the result of ms
nes profound o5ses ati1u that taere was lIa enough
IN the day without him. They conlouLded cause
and consequences, and l0s all corucAion between
hfm II never occurred 10 the philosopher that the
SUI might itself b. the cause of light and lhrae gen
tefnfa cannot Sc our own aeene, IN producing this
e.I' dtfassmcnt abroad. though the Que agency Is
Ja-l at#ont a. plala ~ the otl,,r.
Nh. h. SAID lac would ny aud remove The difficulty
ui lhnze who ieli 81 much emhnrr1~- mrt on tins
subjccI BY proving
/. Thai thc,e lad been 10 redundancy Of the cur
rrneN III En- land bcuSrru 81 and 1889 bat an Mc