The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-09-01

g, The Standard in The shape 81 COM
nuaicatiOn:
.ro rHE REGISTER, STAR. ASD HILLsB0-
KnUGn REC0RDER.
Answer this question. Have Won
~, charged the want Of specie cirrula-
nan among the Farmers. and = specie ba-
- f.,r The Banks, 10 The Democratic Re-
n.bliean party IN this. as well As other
s,.,es! Yes or No, IN good plain old
s,le. one and al, gentlemen.
FAIR PLAY"
We have not the slightest expectation
that az PLAY is Al all disposed 70 piay
fir. nevertheless, as far as the Ilillsbo-
,oash Recorder j. concerned, We viii
ave a prOmp, answer. To do 50 We
vl' li,ide the question into two parts;
AMI first,
Have you not charged the want Of !
specie circulation among the Farmers 10
he democratic Partyl'
TO Ills We sasweF, in good plain
q, s'yle"-NO. The leaders Of tie
,an," have talked long and loud about
he Introduction Of " constitutional cur
nacy," when every Farmer was TO have
N. silken parse. with the :. yellow boys"
the shining /" mint drops" smiling
.magh it, ia,ersliess; but We have IL
va, considered il as matter only to he
pked Of. The hope Of accomplishing
H.. scheme could not have heen for no-
nent entertained by the most inexperi-
cared Of It's movers. II al the gold and
sIrr in the universe were collected ~
.rther, they would scarcely supply tie
san's ofthe Tinted States. if they we're
!. constitute the only circulating me,ii
IN In commercial rounir, like ours.
W. have always considered an exclnsi,e
natalie currency a. neither practicable
Eor desirable. As specie ne er hss nor
ne can form the entire circulation Of
he country, we have not charged the
VISA, Of i, to the +" Democratic Repuhli.
taa party" They promised that We
should have il, but re kne,r, and We have
often sail, tha, they could moi redeem
The promise
The second division Of the question
nay be put in these words:
Have Won not charged the want Of
sspecie basis for the Bsnks. 10 the c.
n'crallc party, in this as well as other
s,ats"
To this division Of the question we re-
ply, without the least hesitalion--YES.
fonr yeTs ago, when the determination
n put down the Bank Of TIE q. States
vas manifested, we stated our opinion Of
what would be the consequences. We
had no pre,ensions to the spirit Of pro.
pheey, but we had some knowledge ot
PSI events. The state oftbings We al
acpned mas come 10 pass; and the cause
nercPp'ihle 10 an one sho will like
the trouble to look into the mait.r II is
the want Of An United States Bank, ia
furnish medium Of exchange between
he several states, and 10 serve rs b..
lace wheel to regulate the issues Of tie
State Banks. Ii anv one don3,s, let him
a'anine our financial history. In 1889,
"'' present system Of government went
''o operation. In 1871, Gen. Wash
mgi'n being President. the difficulty ot
mi1Aging the fiscal concerns of the M.
TIN became 50 great, that it was deter
n'arl TO charter the old Bank of the l.
Mites; it went into operation, and fo'
"'nty Years il furnished sound circuit
'a@ medium for the people, and afforded
ample f'cilities for The safe keeping ant
disbursement Of the public monies. In
March 1911, The charter Of this Banb
vas suffered to expire, and in April 1912
every Bank south of New England sus
pended specie payments, and a genera
arrangement Of the currency followed
ihIs state of lhings continued until 1916
When the necessity of the measure be
zane so apparent. that the constitution
al Scruples of Mr.. Madison and Others
were removed, and the new U States
Bank was chartered. 1t went into ope
faaon; and, like its predecessor, regulat
ca exchanges with great equality, afford
II tu t9pIIIitaS e.. ,,,lnnsy q,