Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-09-09

UGH uisostu OF 10 20 INTO tue Golfers OF the 10
yornmeni IN the shape Of customs u bonds pald
TO the banks and there had the KEYS Of the strong
box turned on L. The conclusions IN view of |
TINS fact unconnected with any other, that the
specie Is still IN the hands of the people. Bu,
some will say that the Land and Post 0ffces are
placed IN tie interior Of the country, and thai
they have no~ the custody of nearly all the sne-
cie that was m circulation twelve months ago, this
position on examination Will be found unleaable, |
Tor It vii, be recolieced that specie was not de-
manded m plyman, for land until December. at
which time the banks had not suspended specie
payment, consequently the banks furnished spe-
Gle 10 purchase all the lands that was bought OF
the government until about the st of Nav, 1887,
at which time the general suspension took place,
since which time the purchase of the governments
land has almost entirely subsidized Then we have
not suffered any considerable drain in that dlrcc-
ton. But some arc ready TO say the Post Offices
are taking in the aggregate, 4 largo amount out
Of the countrY daily, wh!ch is an immediate and
direct drain Of specie change. Wei, admit the
fact that the amount otpostage paid Is conslaera-
bic, does not still prove that the amount of ~pe
Gle IN circulation viii be essened, because il IS q
well kOown fact that the Post Office Department
has no, for years yielded revenue, bot that it
has been charge upon the government, owing
most concluslyely that there are not remlaGccs to
be made Of specie from the several Offices to the
General Post Office but that on the contrary all
that is received AT the several offices is necessar-
lily paid out Immediately in the same vicinity to
those who contract to carry the mail, and by
them to those actually engaged in holding the
relns Of the stage horses or the persons who feed
them, and to those who attend to the Offices
Then The necessary conclusion is, that every par
tlcIe Of the specie paid into the Post Offices must
as necessary consequence be pat into crcua-
tlon IN the same community from which il has
been extracted once IL every three months If the
poshnaslers act honestly (Which is presumed to
be the loct,) and pay such drafts as may be drawn
upon them by the Department in specie. 1t IS
possibly the case that many pos'masters III the |.
States they being surrounded by the same cir
cumsanceS and under the same influence which
operates on other men, may be found who are so
perfectly dead to every sense Of moral honesty
so wholly selfish in their feelings, and so utterly
destitute OF one patriotic sentiment OF the heart,
yea even Of a soul, rs to make an Article of mcr-
chandze Of the money received for postage, aud
be found in the person Of some cross road shaver,
village changer, Or city broker selling the very
substance Of the peoples earnings, for the bare
stadoW, and that too for the pjtItul sum of 8 or
0per cent premium. When this kind OF com
merce is found to be entered into as it may have
peen IN some places, ii must be admitted that
| specie change would grow scarce; but II must at
the same time be presumed that such things are
not common. Suppose for i moment that the
| Treasury order did produce the geaelal suspen-
sion of specie payments by the banks; has that
| had any influence on that portion Of specie which
was in actual circulation in July 1882 Ger
anly not, because as alreaGy stated the debts
! due TO the banks have not been paid in specie,
! then If the amount in circulation has not been
paid into the banks, the fact Of their closing their
doors upon all they had at the time would pro-
duco no change in the amount out, Then if this
position be correct every one must admit that
the same amount or nearly the same that was in
circulation twelve months ago is yet in the hands
Of individuals, aad would be put into active en-
culaton if something of less value were not per-
mitted to supersede it. Again, some recent prac-
tIcaI experience has proved to me most concIu-
slvcly that this want Of change is entirely imagi-
nary, and that no such want actually exists; and
as evidence of this declaration give you the fol-
loving facts which are susceptible Of proof, if
any one should doubt In the city Of Clncnnl1,
there is not change ticket to be see Their
small transactions, marketing &c ate entirely
made in specie change, and that without any diff
Guilty. In Lexington, Kentucky, they ere well
supplied with change tickets, which circulate 10
the entire exclusion Of any other change. There
| At L. ba "a,
have any thing due him when he IS ready TO leave,
is under the necessity of taking II IN these tick
cts, and # he shall be able to dispose Of them be-
fore he passes Hanodsburg, which IS IS miles
south, it is all well enough, but if he should not
have occasion to spend his tickets they viii prove
a loss to him of just the whole amount, for alter
you leave that place very few miles they are
perfectly useless, as no one Will take them tor
the feed Of his horse. Continue the route IN the d.
recon of Nashville; for lao miles YOU will no.
find any more change tickets, but will find change
Just as readily made in specie as It appears to DO
in tickets in Lexington. About tins point you Will
be convinced Of your proximity to Nashville by
having thrust into your face IA very improper
application,) a full batch of shin pasers. Thus 1t
continues to Nashville, where there IS nothing
else in the shape of change to be seen. Go to the
market of a morning and you will find as many
pockets full Of change tickets as you will bask-
cts filled with marketing. Very soon after leaving
Nashville, southwark you will again find yourself
free from the annoyance Of these bills, and your
transactions made again in something that has
some real, intrinsic and ascertaned value. And
thus il viii be found that where these tickets are
permitted to circulate, specie change will entire
y disappear, and here they are not the people
are able to 90 on in the transaction oil their ord-
nary business without any material nconyen-
ence. "
Important. We learn from Jerome's Bule-
L II l. i nrAlf NJ