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

doctrines of the political economists of Eu-
rope! Sir, you ght as well attempt to ap-
ply the common law of England, which was
born and nurtured on the Thames, to the ia
ther of waters of this western world, and to
our mighty inland seas, compared with which,
the boasted streams and lakes of Europe dwln-
die into rills and ponds beside them. Yes,
these vast inland seas, into which, in the lam
guage of distinguished Senator of my own
State, you ight cast the whole land of the
common law, without producing rimple.
SIR, I believe speak the almost unanimous
sentiment of nv political friends in this Sen
ate, when | say they intend no such thing.
believe speak the sentiment of the demo-
cratic party throughout the Union, when L
say, believe they neither expect nor desire
any such thing. What, then, do they expect
and desire' answer no more, nor no less,
than every real friend to his country is will
ling to adopt, namely, preservation, and at
the same time regulation, of the credit sys-
TEN. In all such measures of reform, will
90 as far as he who goes farthest. Preserve
and regulate, but not destroy, is my motto.
Enlarge your specie basis introduce, as far
as practicable, "a gold currency by the prohi.
bition of small notes; provide means for coin
ing at the mint; take all proper measures to
prevent excessive issues of bank paper. and
the unnecessary increase of bank incorpora-
tions repeal our restraining laws, so as to
permit the free employment and investment
of foreign capital. Whatever danger there
may be, is to be found in the abuse of the sys-
tenn, and not in its existence. Guard against
these abuses, and correct them when discov-
ercd. An entire abandonment of the credit
system, and return to a sole and exclusive
metallic currency, fit were practicable, would
produce dessolation and destruction from one
extremity of the Union to the other. Such
notions ought not, cannot, must not prevail"
The difficulties under which the country
now labors, have been increased by the efforts
which have been made, by visionary theorists,
to impair confidence inour credit system, and
to introduce in it's stead an exclusive metahc
currency Such being my convictions, then
and now, they cannot be changed by charg-
ing them to improper motives, and am yet
to learn that the democracy of the State OF
New York entertain different views from
these At all events as long asI am called up.
on to discharge public duty in regard to
matters in which the great and vital interests
of the country are so deeply involved, | will
discharge that duty conscentiously and fear
lessly, without reference to denunciations from
such a quarter. I have been too long init
mately associated with the democracy OF the
State, to doubt that the correctness Of
my motives will be duly appreciated by them !;
and if there be a difference of opinion be-
tween any portion of my fellow citizens and
myself, trust shall be able to do you the
Justice, whatever they may do to me, to as
cribe it to the honest and patriotic, rather
than to sinister and interested motives"
GREAT DISASTER At BALr1MoRE.-Thro'
a part of this city, there runs stream, called
Jones' Falls, which occasionally overhows its
banks, and sometimes does great damage.
1t did so on the night of the 18th instant, and
destroyed much property, as well as many
lives. We extract the following from the &C.
counts of the disaster by tie Baltimore pa
pers -
Such was the darkness of the night, the
lateness of the hour, and so little was ca
lamity so dreadful dreamed ef, and sudden
the lnnundation, that few were afforded time
for escape, and the consequence was the sac
riice of many lives-a complete list of which
may never be obtained. At this moment we
are not enabled to 60 into full detail of the
dreadful consequences of this innundation
and, for full account, must wait for further
developments.
The more we wander around the scene of
desolation, the more fully is the ruin develop
ed. The heart sickens at the contemplation
of scene so dreadful. We cannot go into
all the particulars before the departure of the
mail. An intelligent gentleman, an old resi-
dent Of this city, who would not be likely to
exagerate, informs US that the loss cannot
be less than tUo millions of dollars. We
should think that estimate is rather large.
independently of the loss to the city by the
damages to the public bridges, the destruction
of the centre Fountain and the injury to the
Centre Murket House., the streets, pave
ments, &c. cannot be repaired except by a
very heavy expenditure.
But the most distressed par. of the narrative
yet remains to be told. Not less than four
teen persons certainly, and, it is feared, many
more, were suddenly and most awiully hurried
into eternity by the sudden rising in the wa
ters." So sudden and overwhelming was the
rush Of the innundation, that these unfortu-
nate persons had not time to escape from their
dwellings, and were found dead either in their
beds, or evidently in the act Of vain endea-
vor to escape.
We have heard of some narrow escapes,
two Of the most extraordinary of which are
the following: One of the German residents
was startled from his slumbers by the alarm;
and, on descending to the first floor, found
himself up to his waste in water. He i'm
mediately returned to the sleeping apartments,
and, having taken his sister, succeeded in
forcing his way out and along the streets to
one of the bridges, with the view of crossing
to Old Town. The. Bridge gave way, and
carried both the individuals along with it.
They floated down the stream for some dis
|tance, and finally succeeded IN getting hold of