The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-07-21
- -. A.rnal-
pAa KING OH.


II. - II Albany MS called together On
Thursday lass- TIE object Of he meet
IN i n - inferred from ihe rharsrier 81
m address shach was adopted. and which
apTrars in this mornings Argus. In
this aadess. masg ri he leading features
81 policy, heretofore urged hy ihs Rsgen-
G.. are repadiaird. and . new Pai.lesi
creed 10 put forth. The B-nton Hum
bug, = veil = many Of The JACKSON
- Experiments" are openly renowned.
There i Of eonrsr. much Of pallalcal eans
anil ciap-lrap in lhss address. h,il. in the
masn. IL tendency y conservative. II Il
only 10 be regretted IhaI these better re-
fsrttans eonae - lale. He'd they been
ear'arr arowed and acted upon. lie eoun-
lry n"uld have been spared us present
suarnngs. But we are gralifed, even n
this lale hour. 10 find men willing IN re-
si.' the further progress Of measures
which are eulsiling misery and ruin up
Oh the country.
Ono Of The decep,ions which The don't
nant parry has for Years prscllsed upon
the peope aas thai Of i" srpelIiRg paper
money!" and =. restoring The eoRstiiu-
fional currency Of gold aud slrsr."--
This hobby was rode in Congress, IN the
STATE Legisls,nrs. in convention. and II
thr polls. The people. cheated BY false
promises of gnld and silver ADMINISTERS
linn. elevated men 10 power who have
derangrd aud destroyed lhe best currency
in the world. When the ruin il COM
plels. and an indignant sentiment u ris-
ny up against our oppFessors, the Alba
n Regency. through their General Conn
mite. come forward with The following
d sasnwal:
The idea of an erclusire metallic cur
Yeary has neuer had any cO,nisnmaee
eiLfr from me State or National .7dmi-
nisfra'ion. and can only be adrocatedb By
those nho are ignorant Of the condition
AMI rants Of tae country, or lrho hare
some sinister end in rier."
Thr General Committee find il con-
We tirnI To forget THAI 1he Globe. Mr.. Van
Burpn's cffirisl organ. asserted that
:" Gold riHbe a common currency before
his time is our "
10 the lnllnwIng sentiments we yield
our cordial assent. They are the senii-
mral. which we have with humble zeal,
long labored 10 nculcaie:
3" We are NOT advocates fur unlimited
aud exIrayagst credits; and We trust that
ali classes in the community will learn
wisdom iron past aud present experience.
Still We cannot agree with those who de-
cry the whole credit system To that
system principally we owe our canals
and other public works. II has extend
ed our commerce over the whole world Il
the wilderness-bu'lt our el-
ties and sllliages--fnunded our colleges,
and established our schools, II has Civ
en- nauansl wealth and individual pros
perity; and, II IL has brough. some evils
in Is MaIn. they are not for a moment TO /
BE- compared with the advantages which
We have 50 abundsnlly realized. None
bnt dreamer who would throw US back
q century can wish 10 annihllale CREDITS"
Happy, indeed, would 1t have been for
on, country If such views as these had
guided our rulers for he last elgh, years. |
But unfortunately. those in power adopt
ed The incendlary maxim, that " all ,cho /
trade on borrowed capital ought to break
The General Committee, IN another
part III their Address, referring again to
what Is called the " visionary project"
81 discardlng paper and credit, say:
The thing Is absolutely impractical
bic. frnm the want of sufficient amount
Of the precious metals, 10 cay nothing Of
the inconvenience, expense, and hazard
OF transporting specie from one par. of
the country 10 another in making large
paymen,s. And as to atSlIshlng credits.
the charge is quite too gross 10 secure be- !
lief in any quarter. Be ore any Govern
menl can abolish credits, il must not on
" annIhilaie trade and commerce, but I'M
ciyiIize the people. and destroy all con-
fidence between man and man."