Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-08-30

American system Us II was called, the
greatest dilculIy we bad to encounter. WINS
'he assertion oi our opponents, tIia, The sys-
TEN had been planted end nuriured Inv
Southern hands Lie, US then bew ar. bou.
with view of procuring some visionaryor or
temporary convenience, we place in ,Le.
hands OF those who may be Opposed 10 our
interests permanent instrument of pow.r
| 'hai may Il some day or other nruve ~,
engine to p'o>irate our rights.
BEt even II IL National Bank were harm
less ~ lis nature, aud not Unconstitutional
| eti! ! l,omll think il mex xpcdicn, rs = u,,,s-
! non OF policy, 10 Incorporate such an ius,i.
tutIUm NOW.
Ihe State institutions themselves have
a!rrady is>u"d aud have now in cjrcul,,;nu
more bnnk paper riian could !csi,ima,cIv he
Issued us on specie basis. upon the cold
ana silver SAID 10 be in The United States.
ana I" create Bank with power to issue
nnc hundred and fifty millions more, would
bc bui nd'iin" to the evils of over issuir.r
and over banking which have la,,crIv srrcni
:" Itlnrlon>ly over the country, and contri-
bu'cd. ns think, in 81 grca, degree. to uro-
h"cc ohr rtrcni commercial c;lauitv and
The dead pals, in our Currency.
Eul 1t is said 'i,ai I. L. States Bank wouId
Facilitate exchanges, and thereby brne-
TIT MS, To the tXic,t that VIC have To- uny nc
premium here for Northern lunds, II is
admitted that cur Merchants Just at this
iime are sustaining heavy burden i'm meet
inS ihcir Northern engagements, aud we
inc consumers oi Course sUstaiu the lOss.-
liut ihis commercial relation between the
South and the North is moi, and cannot IN
the course "i things remain permanent,
VIC raise ou' Stap!c commodities chiefly
Io''"n aud ki,c, and exchange them eth
cr "a, the North or in Europe for whatever
we consume, either ufncccssaries or lrxu
rcsi ..iId II Is true that Whatever we Dur-
Clit,e ana consume over aud above he
amount Tor which we sell our crops. VIC
, must pay lor IN money, even if we have to
sen our property 10 procure il, ana to nav
Il premium ior Northern ur European funds
"hcfewitn To pay the debt.
tn, would make tile rate Of ..cIunoe
permanently against us.and We should ,ust
hS certainty he becoming insolycut. Buy
in9 and consuming annually more than the
amount IN value Of our annual Productions
would soon bring the accounts IL "a ciose.-
Eu u IS equally true that If the amount of
our purchase and consumption do not cX-
| cccu lilc VI.uc oi our crops IN the markets
Whtn VIC sell, iiCn exchanges cannot re-
| ni;ln against us, irr We shall owe nothing.
| hnd haze no demand here for money in .fusc
ii;'Nels; nay !ar'i;"r, II wcpurcil;ise j. con-
| sumo from anrpah less than the amount for
winch W" sell our craps, thea the excess of
| >ncn saics would he funds To our credit i'm
>nch foreign market, and would make e,-
changes IN oar favor. This ought alwavs
:" he the case, and would certainly be the
case now il we imported from Europe di
rrctlt to The South instead of through \. Y.
understand that it is desired tha, The
Candidates should express their opinions
IN regard TO what is called the Sub -Trca-
>urv Scheme.
The general prucipr involved Of sepa-
| rating the Government from the Banks and
! lie Banks from tho Government. and pcr-
"it'in.: neither 10 bc ut.!cr the control of.
! or dependent OH tho other. and i,avj r mn
lnh"n"n!cn' Treasury system is one tha, I
''"s, heartily ;:rpr"vc.
III" Pet Bank system as i, was called
| liA> been tried, and lns failed: Il l.. States
! "ank regard as ont nf The question. and
Tor myself, prefer the independent or Sub
Treasury sNs'cm To any other ,ha, is now
! or llhs been in ngit:ition before the public.
R"srcc'lnliv. JOHN BAUSKETT.
27ih Aug. ISIS.