Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-08-18
rOR TIE DEMOCRAT.

i'n iiiC bi-HApNh
Nessrs Elitors:-In your paper of August A, a
writer, over the signature of L l., calls me to an
anccount for the false premises en- which my cacu-
iatoR was based.
| shrewdly suspect who the author is, and if cor
rect, am certain lie did not intend TO make lne oc-
cnpy different position than was legitimate de-
duclon from the premises.
For instance, he says "thi5 mole Of reasoning, if
applicable TO any couatry, would only apply to the
people on some island in remote cerner ofthc earth,
who had NJ intercourse with any civilized nati>n,
but certainly il is not applicable to Mississippi" This
Is the first time that ever understood that the
mode OF reasoning changed with the climate. In
the calculation | made, | expressly stated that it
was based on the ground that all the Southern
States acted together, (viz.) all the cotton growing
States. The reasoning Of / L reminds me very
mach Of the reply of one Of his countrymen when
requested to purchase a stove. The merchant told
hun that il would save half his wood. Faith, says
he, viii take couple them aud save II ALL Thus,
you see, Messrs Editors, although he might have
saved half by the purchase il would take no Solo
mon to say that he could not save it ALL This, |
have no doubt + L himself could fnl out, and he is
certainly removed several generations from that
wise man.
But to the merits ofthc question. Iagain repeat,
that the expansion of the currency Will increase the
price reproduction in proportion(or nearly so) to that
eXpansoh& It viii not increase the price o our staple
says that sit does not require much reflection or
Investigation TO find ont the mode by which tie value
Of property is fixed in all civilized connlrles it is
by the amount Of interest the property annually
pays Now does f L wish This community 10 be-
ileve this assertion, when every man knows 10 the
contrary. II + l. had said that The above was the
mode by which we could find out what ought TO be
me value of property, he would have been correct
But we all know that the price Of property has moi
beer regulated by what it would pay, but it was re-
gulaed BY the facilities Of borrowing money to pay
or 1T and these facilities depended on the eXpanSiot
or contraction Of Bank Accommodations
For instance, about five years ago saw Negro
fellow sell for $3.50 in cash, and on the same day
saw cotton sell for Ola cents. Two years ago, il
.!ie same market, saw a negro Of the same descrp
uoh sell Tor $780, and cotton for 0 cents, and tia
was The proportion generally. Now, will + l. say
ta' Tue price of the negro was regulated by the
amount he could make in both instances. In fact
acknowledges "that contracts have been entered
mo ~ Tins State iwhen the party bought on time.
oy winch 1t would appear there was not much cal
4 ut"'h VI ltnscu0n entered hto ny me purchaser
+" oecurrei however, in those days OF wild Spe.
euIaton that have passed awF y, trust never 70 re-
urn" Now, Mcssrs Editors docs il take Solomon
OF even his far of descendant 4 H. to tell what pro-
uuced those days Of wild speculation? 1t was tht
increase of Bank paper, which, if kept up, will as
snretiy Bankrupt the South. The idea Of reducing
he Circulation having the tendency TO induce 70
reign capital to be invested here is certainly correct
ana II L in all his conclusions had shown as mucl
rejection as in this one would have been willing
T. nave Pacel him one or two celebrations neare
his far of ancestor. E. IF. C.
loo much Lors.-A lady having been partia
70 TWO husbands, at one and the same time, wa
sentenced for bigamy. The reporter Of the tra
SAD she loved not wisely, but fro WE'LL"
In .iAernalire. -i'If you do not accept m,
Challenge" said one gentleman of honor to an
onei, "l'll gazette you-so take your choice.
NO ahead said the oiher-"Gazette and Be id
Tor would rather fill SIX gazetles than one coffin
-sfsU OIieaus Pic.
Peter Y. Grayson, Esq, Of texas, and can
1.aate ior the office OF President. committed SUI
N'ue' short time since at Beans Stanton, Ky, b,
shooting himself through the head with pistol.