Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-08-22
POLITICAL.
From the National Gas,tfs.
THE TIMES AND TIE cUnREMcv.

!He.,rs Edio,, In those dull times one has
time to read tile. grunble little think good
deal and now am going TO write little send i,
10 yon, aud YOU may do YOU please with it
have been thinking thus Had the dcposiies re-
msined with the United States Bank would there
have been such increase IN the revenue from
the Land Office' From what read. think
there could not. Again Would the English
hsve been ready with their money and goods
H. assisting the ovet-rading, but for this boasod
surplus revenue giving such an appearance Of our
great prosperity and ability to payl think not.
Again Had no; the gold huubug been 10 cNs-
teuce. would The Bank of England have taken the
stems rhe did 10 draw the gold into her Golfers -
] think not. But suppose this gold scheme had
been earned oui--suppose the President had had
Influence IN each State to prevent The circulation
of paper under twenty dollars, so thst gold nigh,
remain IN circulation (fcr gold Will not Keep com
pany with paper Of the same nominal value J.
what would be the effect ? The amount of money
10 circulation would be reduced not only IN the
proportion the specie might have 10 tho paper
driven out, bat the banks could only discount with
great care. for as twenty dollar notes mus, be
chsnged for common purposes, they might almost
az well discount With gold at once, Ps half their
paper would mos, likely return to he changed IN a
dsy or two. and give double trouble. That's
IL i, .hould be reduced to one fifth The smount,
how quick must that little change hands, # he
same amount of business is to be done At the same
time and at the ssme price formerly Now,
as the same number Of busy hahds remain as be-
Fore oil ANXIOUS 10 produce sometting to eel, the
sellers would soon De running alter The buyers, in-
stead Of the buyers RAINING after the scl'rs a
We have been accustomed TO zee, and Hen gen
erai reduction n tic price uf uiugr. Now, !
think hear fellow mechanic say, "lt Will be
the same thing to nc If I work foe oue dollar por
day instead Of one and half % every thing Is re.
duced 10 proportion" Agreed, f you can &C.
the work and the dollar. Bot hoa does It effect
the man Of geld snd the ofiice-bolder Is not
one Of these dollars worth ore and half 10 them
BY the same rule Besides, what becomes Of your
doctrine that II e smsll csp,lal, By the as
.,stsuca 81 banks. should be able To- compete with
a rich msn in trade be thereby becomes . monop-
olist bot IL is not 50 he completes with jhe man
Of real wealth for tie produce Of your labor, aud
prevents ham from becoming snonppoli-t az you
plesse.) And what would Il bcGsfi you 90 buug
down every man OF borrowed cspaall Swell
your osn rsuks and lesye the rich IN heir glory
the uch richet aud The poor poorer snd
string az changes AZ llllle calculated upou de-
sirAsie 10 this country. This gold scheme mast
De lad By oui.l gold comes into toe coonry Hatu-
rally Then the commercial system wi not be
dsranged by sehrmes 10 briug it 10 aud schemes
TO get Il o0l sgtiu. MAJOR Dnaning sad, There
.s no harm IN 9 mans making = mistake, Il be
eon't s'st TO Il AFTER be fads II oui." Bot what
n"s'snsss Il soul does ii require in party pol-
,e'sh sne ho~ ignobie TO stick 90 tang after
be Goes hHa II out. May people think II strange
that the Supporters Of The experiment do not pro.
pose something a. remedy themselves after COO
esnniHg every 'hhg proposed by the opposition.
ns' the ihihg "a simple enoogh. Whst on earth
can hey propose that will DOT admit the eGpef.
"sn' to Be- 'silafsi Again they express eur.
p'sss thai ,ss GLOBE, etc. should es 50 sislen,