Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-05-24

II. The ruin of many purchasers OF
public lands, " no embarked in spccula-
tons owing to the facilities offered to them
by loans of the public money, raised by
other saics of public lands.
13. The almost entire stop put to the
Internal Improvements in some OF the
States, and their partial suspension in 9TH
crs, owing to the want Of funds, and the i'm.
possibility of Obtaining loans on any terms
to carry them on, by which means thou
sands of laborers will be deprived Of i'm
ployment,
II. The almost entire stop put to the
commencement Of new buildings in large
cities, and particularly in New York, by
which thousands of mechanics, such as
carpenters, Lrick!ayers, masons, brick ma
kcrs, painters, glaciers, carriers, ccIlar-dig-
GERS, timber cutters, lime burners, marble
maSons, Black.smitES, &c. must be lett
without employment.
l.. Thc embarrassment Of a large por-
ton Of the merchants in all the Atlantic
cities who trade with the Western country,
owing to the failure of their accustomed
rcmittanccs.
I6. The great check that has been given
to ship building by the prospective dlmln-
ulion of foreign trade, by which many ship
carpenters, riggcrs. mast makers, rbpe ma
skcrs, sail makers, war; builders, shl p paint
crs, ship smiths. boat makers, st4vedores,
draymen, coopers, cauIkcrs, pilots &c
must be dismissed.
II. A general diminution of every
species Of manufacturing Industry, by
which an immense number of laboring
hands will have to be discharged.
1S. Extensive failures Of merchants in
the cities and towns of the United States, OF
which sample is given in The following ar.
ticle extracted from the Mobile Mercantile
Advertiser otls,h of April.
"There is no business, which may be
called bus.n.sS. transacted il market. Three
is a Lite trade to be sccn going on here and
there, BIZ. i. is mournful even TO look upon
that, as it leads to comparisons. Where
nine tcnths orthe merchants Of 4 city, which
until rccctly nourished and prospcrcd be.
yonl all others in lis population. have sus'
pended payment. i is cnouSh to despoad TIC
s:ou:cst heart
10. An immense number Of law suits.
arising from contracts and sales cng'ndcred
hv the speculative spiri! created by loans of
the public money, by which thousands of
families have been ruined.
%. The probabIc adoption ofrci:cf'aws,
and stop laws. and Lynch Laws, in some Of
the States.
|. is the knowledge Of this fact which has
dictated the course pursued by the Wash
ington Globe ever since the winding up OF
the experiment began. General Jackson is
at this moment the President Of The United
States as relates to all power oyer the specie
circular. HIS Will, and rot that Of Mr..
Van Burcn, constitutes the law ofthe land;
fer who can doubt for moment, that if he
were TO assent to its repeal, the ''author Of
the letter TO Shcrrod Williams" would hes.
tate q second aboutit! The columns of
that Journal are every day filled with bold
attempts to show that the disasters Of the
country arc the effects Of speculation and
oyartraGing, without even IS smuch as breath
inc that the cause OF this speculation and
ovcrtrading was the creation Of three hun
cred and fnv.scvcn new banks, and the
augmentation of paper credits, which never
could have an existence. but for the 'hum.
be efforts" Of General Jackson, to restore
:.::!,c constitutional currency. Nor, is the
Globe at al particular as to the truth what
It vouches for. 1t deals in round assertions
and is sometimes SO indiscrcct as TO furnish,
Itself, the evidence for disproving lis own
statements. Thus, it published a few days
oSo, table showing the imports and ex-
ports of gold and silver coin and bullion,
for the eight years CT General Jacksons,
administration, during which time the i'm.
por's were S79,05o,9l4, and the exports
s3G,2a3o,o73, proving an excess Of imports
amounting 10 42,s03,57l,* and yet in
the face Of this, It's own statement, !; asserts
on tire 10Th of April, that ''cighty millions
of gold and silver, the greater portion Of
wh;cl, the policy Of General Jaciisou's ad.
mlistration has brought into the country"
had been "difiused."
Again, some time ago it published state
mcnt of the sales ofpublic lands, from which
it appeared that during the three years from
1881 TO 1888, Inclusive, they amounted to
SlO,5G7,3ls, but that during the three
wears from 1894 to 1886, they amounted 10
Sl4,s57.G71, thus shelving the speculative
sales of land 10 be the source from which
nearly every dollar OF tho surplus revenue
the loan Of which has occasioncj so much
disaster, was derived. And yet viii it be
blicved, that this official organ Of the Co.
vcrnmcnt, in It's editorial colums OF the 19:h
employs the following language {: 80 Go
Justice to the depositc law. it gives support