Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-11-27
POy.sEaC L..
INDEPENDENT POLITICS.

P'hPhiet copy oil an Address Delivered "A lev Mock
ago, al public meeting IN Taunton Mas>achu.e
/ ny The HIM. FRANcIs BaYLIrs. Tie per,lsoI a
fs Address. distinguished il is by good sense an.
ehcitN OF illustration. has afforded us 50 much graft
hcaon that We induced u insert the ,naior u,,t
OF H. ior the qualification OF readers. II should
ne mentioned that the sentiments this Address Il =.
rive additional force from the political position Of he
gentleman who delivered II. Mr.. b. was an olig,n,l
Jackson man. and decided Il "ne thai (being then
member OF Congress- from Massachusetts he rave
al the election of President By the House Of Repre-
sentaiircs, the only winch Gen jackson reccy-
rd from any Of the New England States.
Experience has satisfied him. whac,e, he ma,
have oace thhn In al Gen. JACKSON hlrnsrll that
his Administration has been prr udcial TO the best
Interests of his country and with rhaflc NAN
l'nesS he meets the ersis, aud spreads hs opinions
boldly brio'e his fellow citizens Nat. Int
EXrRAcTs FROM Mn. BaYIIrs's ADDRESS.
That such men should drsrc TO illustrate them.
selves aud asonlsh the world with the oi their
discoveries III the terra 7ne0caifd OF currency does
not astonish me but that workingmen, mechanics
neh OF small means, TO whom credit is necessary,
should cling to an exclusive metallic Currency cx-
cites do confess, my most sleciaI wonder,
uhder sncha system, poor nIeu could be
come rich; they could not even acquire comps
tency Al times, they might not obtain employ
ncnt. under such systm, commerce. navisa-
ton and manufacturing would be greatly restricted,
ana the improvement o! tie country could not GO
Money itself. instead OF nourshng Labor would
blight II and the farmer, Tor whose especial benefit
II Is sad tbs system isdcsigned, would be pnzzled
TO supply himself with many comforts a..d some ne
ceSsa'1es from the SURPRISES OF llIs produce.
Let us look lstoihs subject 1t has been sum
ed IN ono Of the the ahlest OF the Adminisi pa
pcr', Che New York Times,} that the price OF all
commodities Is IN proportion 10 the amount Of ciiCuI
ting medium; and that amount is assumed as the
standard Tor Increasing prices. think. however.
there are many exceptions 10 his rule growing out
OF the plenty secretly OF the commodity tie state
ot foreign markets. NJ, hut, u. general ruiz il
may approximate to truth. o. i circulating ne ium
composed Of specie aud bank bills Convertible INTO
specie the specie i, assumed to he one-siNtt part.
aud a cnca'ation ut two hGndred AMI fifty millions
at doa.s IN paper SUD be sieiv IN ii.,:din-
I'd Oh spcci" basis of fay millions. II the papei
should he withdrawn from circulation, the specie
would nos he increased, he.atlsc the t'uird States
have already more than their proportion Of ;ht spe
eie Of the world. Ii the q ,antty should not Ar IN
creased. and if prices should he regulated by the
guaHlry, then there would be drpr, cation ~ pucr
and HAT dcprcrld ION IN nomiual amnnnt Wu4ld he
h'e-slNi'iS For Instance, bnshrl OF co,nor wheat
rated At dollar III the mixed currency, would bt mt
od al seventeen cents under cunenty exclusive
!, mcialc. il iiIc cropinlcd, the pnce would con
tnne Ia flsr untll the gram could be imported ~
pin. lnpaltattoi would reduce tho price, bu he
consumer would be compel II pax lhc irig h. lu-
surantt, comussiois aaI pfo6,s OF he ilpoiling
nelclmnt
Und~t this rude, TIE pr,ee Of labor would al,o be
reduced trotna dollar IL >hllng. \ 4 liar in corn
~ heat would teprcca;r equally wiih dollar ia Ia
Dor an'lIh" exchange, ~ car, would BE- equal hun al;
the irtle, ut urrI9n growth manufacture, hicl by
habit have b'cone necrss'ries, would not deprrci-
ate IN the %anr raIin, because alr cNch1nCn ,l
currency would hdse but slighi eiire, foreign
mlrheis, -
Fne drnand for labor wonll lie diminished. he.
cause All business nnIer tlr system yr0nli he
.s"" siit within narrower limits. Irt take Tor in
'tahcs. tlrr fnaan'actnrr Of copper and IRON Cnsr
a metal c cufiearN ii wonli5bc inpns>bc for the
Nfopnetors oi sara Inlnn'a.IorieS. with TIE aa-ue
can'al. {" patchlse opal Iantity Of The r,w me-
tn d The mtieral l. imported and the pGlcc
would nat drnrreatr. Ta1 proprietor who. under
M cred and mixed cur,cntv system, ,unih par
chase 81 II 600. "osIJ b. restricted 10 Il goo end
Use oaIy sihrlI par ri tho quantity Uudcr such
re,lr el"p, tarIe "ouid b. no competition amongst
h prnpte to obtain ria,irrs, ini a Compel.
IIpa anpa ~ tic operatives 10 obiaiu employment,
nni that con rtHIon would reta,e thu pncr a la.
boz. lhc * cIsIse i.npro' cincns OF public char.
,ctei. Oh winch such Ysl >utt5 hNr been expended.
would BIZ Discontinued for want uf mrans aauiAvr
class OF iahofer, wo id Swell the crowd winch ,gr,e
seeking einpnyauen aui elect a!,oth,r reduction Ia
he prce of labor.
The b. ks BEN: annih lated. broaers usurers
money t"'!'tN' IN pefhtps private banker. would
control thF no1cy MARKET, aud, haga. tie monopoly.
could lmloac ihei own letius nuun br,ruu.ts
The prpprci"is un Ter tie new systr.n would ocua-
80 'ally be compelled to resort them. Security
on properly would be required AID given. The pro-
pr,"iDr is unfortunate and falIs--nhn loses! MOI
the money leader, Tor he is secure. The operative
would Lose, for ms wages would be in .lrreaf: he
would not hazard tht loss ufa good place by pres
sing to- hard for pa, fli: could do without it. Tn.
der tie mixed currency system, the proprietor pays
the operative weekly or noh'Iy, It's the case may
be- with money obtained from the bank OF Il ON sales
the arrcarages seldom accumulate 10 any ronsd.
crabc amount. II fiIlurr should hanpcp. then the
endnIscfs, not the Operatives would be tie los rs
am well convinced thai, under an exclusive metal
he currency, the operative would obtain les, wages
live At more expense, and be subject to losses, TO
which, a present, he is not liable.
The benefits OF a currency exclusively metallic
would BIZ monopollzed By rich capitalists retired fom
business, brokers, usurers, sainy-ncE, and Office
holders
The banks which kept down the profits The cap-
aists, being 10 longer IN existence. the capitals,
could sway the whole business OF the countr, to suit
his purposes. Should he choose TO vest in
real estate, the farm for which he would have.
given $4,000 could be purchased for 81 900. The
land sharks OF Shays time would return. AT that
time the houses and farms Of Colonel Jcrathmel Bow
ers spotted this country from Boston TO Block Is
land The country, indeed, might be brought into
practical Ioid>hips. The proprietor OF thirty fums
| would have thirty tenants. Not OF them would
willingly displease his landlord. The great fish
would swallow The little ours. While all things are
| depreciatin. salaries would appreciate. The an-
nual value OF the = residents office would be Sl50.-
00o and the pay OF members OF Congress, nominal
iy eight dollars daily, by tins appreciation would nc
made worth tallldhg tn the standard under the miX
ed currency foity eight dollars. Such would be
III; effect of this vauated systematic system tol
pooi men!