Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-09-20
PROPOSALS
For publishing. in the To,cn Of Columbia c.
nc,c Semi Weekly and Ucckiy Nc,cspapcr,
To BE ENTITLED THE
SOUTH CARDLaNHAN,


:" NCOURAGED and stimulated by the kind
~ and fatterng solicitations OF political
friends and al nll-absOrbnI intercstin the great
question Ol the day. the undersigned Uormcrly
editor Of The augusta ChrOnictc.) proposes to
pub, ish new paper, in Columbia, aud respect
fully submits TO the consideration OF tho public,
thr principles and opinions by which i, Nil be
governed. Firmly con> >inrcd that The future
liberty: happiness, Independence and prosperity
0t the Southern States, AM, indeed ol the whole
Coniederacy, are viia!ly involved in the momen-
tous question now pending, between II gigantic
National Bank, and The constitutional currency
OF The c"nnhy, the main object "ilhe CARoLINIAN
will be TO dis, ussthat question freely Il thorough
ly; throw all its lights fairly and fully before the
people; and slcw thcrciOrm, lha NatiOna,
Bank Is utterly unconstitulion and ineXpedient,
and violent inincal to free trade and industr
the liberties Of til" country and especially the
Trade, commerce., and prosperity OF the Southern
otateS-tl';'t th II direct import and export trade,
once so tlouriShing, and conducive TO their gcn-
cral wealth aud prosperity, was destroyed by the
overwhelming power and influence Of lis capi-
tai, aid d by the immense credit and resources of
the Government, and Il kindred system of par
tial and unconstitutional le"islation-tllat all en-
ployment ofthe State Banks. rs fiscal agents of
the Government, in any shape, must he even
more dangerous and corrnptin9 than 4 National
one, AMI necessarily productive Of the same ci.
fccts on our Southern commerce. since the great
credit and resources OF ihc government would
necessarily be absorbed and monppolizcd bv tie
Northern Banks. and defy all Glance ci' fair
competition on the part of the Southern ones o,
Southern mcrclans--and 'll;,i the only eiicctual
ana permanent remedy for these evils, audih
commercial cmbalraSlnentS and tiSlrcSScs Of the
country. is an entire DIVORCE 0t'thc GOVERNMENT
from dH BANKS, State or Itdcrui, * return 10 the
'fuc constitutional currency u system now ter
med ''tllc Sub-TrcaSury SYSTEM as cviic.,,ly
designed by the trainers OF the Constitution and
FIRST III operation after its adoption. till the COM
bnlcd power OF the Federal party and Bank
wealth and ariStocracy of the country ,rirmphcd
over the wise and S;n'ary provisions of that sd
cred instrument, and the great r,nI,ts and inter
csts oi the people 1t was framed To proiec;-ihat
tins system is not an "eXpcrmcni. but an old and
safe method successfully priciiscd for centuries.
ny tine most "n i"htnncd and civilized nations Of
the earth. till the rapidly growing power of the
DanNs' (then an experiment y enabled hem
to draw within their conirol and wirld TO their
own individual profits, the immense credit and
hhan;es of ofGovcrnmcnt-tllat. so Tar from in
credStng the power and patronage of the Prcsi-
dent, 1t cannot under any rational or probable
organization ct the details. but decrease them, toa
very great extent and willie the future Interest
ana character ot lis advocates in Congress are
deeply involved In rcutlcring those details ns mr.
1cct us practcablr and the whole system us safe
citlcent, and salutary rs human wisdom and
foresight can devise the continual and entire
power over 1t OIL the part of Congress. and the
pI,nJ1
dent National Band,) would always afford The
opportunity of rcrtitying whatever might he
found erroneous, and improving upon all that
should be benciical-yca even, of aboli>hinr the
whole, ifI' should disappoin the expectations of
he country; thus happily and properly keeping
le great ,ilo''ey-i'ower OF the Government in the
hands Ut the people "nd their representatives
instead oi madiy and Unnecessarily surrenderns
- II ~ the hands OF IeN Irresponsible private in
divduais, t" be directed, wholly beyond all pop
ular or legislative control, according to their own
selfish moncy-inaklng and powcr-srcking inter-
esls-tllnt instead Of dcrirsin" the currency. il
will OF all things render it settled and stable and
secure from future ''cXperimcntS," since it will
separate II and It's commercial relations from yo
tics, aud deprive future Presidents oiaI power of
interference with it; w:iii". from that dee epv-roo,
cd hostility to a National Bank. which is co en-
tcnslve with the Re ublican party of the Co
tederacy and, commencing with the existence Of
Tie present Government, mist continue in al
probability To It's end there can lie hope of any
organization OF the currency. bv such Il Bank
but what must be g:eaily dcran"cd and broken
up, a. ut present whenever the period Of its dis
solution arrives to say no,htne OF its bcn" abrams
necessarily dcpend"n Oh he fortunes and Specu
lat"ns oiprivate Observation-Disclosures Sub-Irc,s
ury system does not aim at the establishing Of Ian
exclusive metallic currency" but one of oniv-
about ten millions of gold and silver. TO about
jOurhUndrcd millions Of Bank paper since the
receipts and disbursements of the Government,
will require only about the former sum, while the
Bank paper in circulation amounts fully to the
latter, and probably near one-iourih more-i!,at
1t Will citectually restrain the alarming and ruin.
GUS tendency ofthc Bank To over issue con,,raiu
them to keep their paper up to the standard value
OF the specie currency; ins,le their immense in.
fiucnce every where, in behalf of low TariildurS
limited revenue. and economy in the expense.
OF the Governmcnt: and thereby completely settle
Inc 'iarIii ana other ds,racting sectional q'lrs-
tioEs, and promote lhc harmony and perpctu,v
OF the Union-hat The principles of this system
have formed an essential portion of those of the
kepubllcan or state Rights parry from tho atiop-
tion oi the Constitution, to III" present tme-aiid
that the present Northern .IIEig party, which
Is now laboring for the establishment, of; a ninau
tic and overslladowing %a'innal Bank. is nohnn
more tI.an the old Fcdcrai party. under a new
name; that party which has always struggled
against the rights, welfare. and principles of the
South, and Is now a plain and 0ious combno-
ton of BanItes, 'raritlitrs. National Internal Inn
provement men, C0nsolila ionsis Colouizn,inu
lists, and Ab"litionists-cvcry thing most obnox-
oiiS to the feelings, interests, and safety of Tho
Southern people.
Considering this measure of an Tntlependcn,
Treasury. or Divorce Of Bank and State as d
cidedly a test question. the CARoLIxIAy will cor
daily act IN IFS support, with all who advocate it,
ana oppose all who oppose t-wholly iorcctiul
oil all past dllicrerc : on settled questions and
ready to extend the warm right hard of fellow
ship to all who accord with it-consc scirrIiousIv
believing this great measure of deiiycrnncr n,l
ilDcrty' III all its immensely wide and y,nv
important political and social relations to be the
commencement OF one OF the greatest and nubIcst
ana ultimately most triumphant. peaceful s,run
giles Tor the great principles OF human liberty and
happiness that the world has ever known -