Southern telegraph., 1837-07-18

4VAtr rtllaslt 70 4cHlf4t system % CHli- I
dence aad credit from lie Now York Ex
press. Does ilsay le mitch We point Il
what our commercial relssions have been
i''F proof that it dass not. Any man who
has hitherto been an enemy to credit aud
prelends s. Be sl alI honest in his opinions
would de well, before giving the views here
Expressed general denial, to ponlcr
lhr0ughly over them, analyza them and
compare ihcm with tho past history Of The
country. Iliying dine 50 let him set down
cody anu ask himself the cqueslion whsthor
sal who trade on borrowed eapi.aloagh to
broak''a
AAYe beg the multitude, lhorefore, befnrc
are ted en ly Tho bad men whu proach
e. lalse doctrinoS eforo bearinnind the ia-
dl9lsihi'ily ol al tie gred interests Of lbe
da9 w arc dependent ono upon anolh-
Ferg who're, BIT emphalically depend
aHsin Asaes THE merchants the great
Pioneer af Ilaao and commerce WIN sands
upon llle I.o al aud marks the signs Of
thh times Ie l||nsns his horoscope over
iha ogsl ea, and takes note Of
lhe wart 81 a.i the iandz The ship is his
wiaged n1e nacf--oceans anl rivers are
cpnals Tho world i hislboandary. The
nagof his own home he sends in triumph
from the numerous barbors under his eye
where Ihe glllev of DE PhR,dciauS once
ilQaied ~ thoaa0ee lha savage alone
haa sway EIe introduces bis connirymen
l0altlhe naiions of the eaFlh.o Now he il
.in Mpfeat now 10 Chili,--laden here with
lhe 81 of CHM, mud there with the logs
and lpp.her y lhe Easi.E His eye, tao, Is
ever upon ihe had where 20 lives, and il ii
hts pfae and hiR hoilsl Is aggrandize il in
the eye afihe world. Railroads are trac-
edout at bis bidding. Caaalsare made togo
over rivers &4rocks His steam messengers
stem the strength Of our rivers. His wand
stretches oyer the faro of. Agriculture too,
The iarner smil Of hispresence. Towns
and villages sREpg up at bis command.
He piakes all tolaugh and TO smile where
soeger lie Is. This rcador-who coull
credit it IS illB class Of men whom the Or
gan Of 'sthc GogornmeHI" 30 orudely thrus's!
CREDErs ne a hsg lever by which this
country has been liGsed up to the elevation
It now he's among tie nations Of world, is
assa another object ofIhe Globes especial
attack Tic men who sdo business on bor-
rowed capital, il tlsnot now said, ought to
brcak--Eof this spying is little too unpop-
ular How,--but emilIionaires ,"mamoth mor-
chants, is the new term intended to signify
a like idea. Again, this Utapian chimera
ofa specie cuneney is but another term for
hostility to credit, for specie can be tho cur
rency only whero credit cannot cxist--nol
ina new and a free country, never-but in
an old one, such as Turkey, Italy or Spain.
Is itnot "A curiosity in :his enlightened age
of the world, 1887, that the new and pow
orful agent ofciyliz ltion, CREDIT, must in
the United States of America, be made the
especial object of defence? If any thing
was necessary to prove that our rulers were
behind the age in which they lived, and
were fast rclapsing into barbarism, we
should wantno fllerproof !han their hostil-
ity to credit, and their specie currency hum
bug.
Credit is not only tho mighty lever that
has lifted our country up, and the new and
powerful agent of civilization, but it is the
poor mans lover 700, by which he lifts him.
Esolfrich. Credit is the poor mans capital
and his whole stock in trade. The poor man
thus who has character, can be made as
rich, the interest Of the emoney excepted, MS
the capitalist who sits upon his bag of gold,
and the money king Of the day. Credit is
the republican and legalized agent of level
ling the property of society. Credit gath
ers together the materials for tho best strdc
ture which industry, enterprise and skill,
may raise. Credit is the fulcrum on which
the poor man rears his structure. Crcdit
is the ropublicanname for dollars and cents.
Credit isa new mechanical power, which
Great Britain devised in part, which the
United States was perfecting, but which
the rough fingers of rude experiments have
destroyed for the present Credit is life,
is food--nye, tho very mir in which Re
public brelthes. Credit it is which takes
the gnorIeI oak from the woods Of Name.
and fashions it intn the keel. Credit Gre
ates one Of the materials of the widest for
est, the majesty and magiliccnce Of that
! prou lest Of mans aehevement--the beau.
lIifll ship. Credit dispatches it over the
sea, and brings it home laden with the rich
est freight. Credit takes the clay out o.
lhc earth and forms and fashions il in the
granieurof agricultural proportions. Orc.
nit il is, that clears off the Wilderness, where
the savage hunted, and rears up there the
viilagc and The church 10 resoUnd with lhc
praises aftho living God. Credit sends lht
IlocomolRo kissing over the rail way track
and credit it is which stems the Mississippi
for hundreds and hundreds Of miles. Gre
dituniies the city, the country, and tht
town. Wherever credit is,prospcrity walk
too. Credit, in short, is Liberty's grea
handmaid, and Ihcyafe sisters in every fre,
land. The freer The land, tho greater tn,
prosperity, and tho greater the credit too
4 Credit sent Tie galleys Of Venice all owe
La 4