Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-08-04
For the Democrat.

"souNp REASONING" ON TRUE PREMISES.
.Msssrs. Ediio,s:--In your last number, over
the signature Of T.. +. c., there IS statement
made in figures, which, if applied TO tho full ex-
tent Of the theory on which the writer's calcua-
tons are based, would act as perfect panOcea
against collapsed purses, as il would give US all
plaaialions and negroes for taking them; but how
ever desirable luis object may be, can assure
him that il is utterly impractcable, as experience
will teach him. have besin,Spr l some thoughts
- A.,rg S..A>sS"eu S''"o ''''e"'
o'' u'o PeoqnS icn6arrassmen Of the country
as we'll rs he has, and like him, have come 10
the conclusion that il is owing in great degree
10 the superabundanco Of what was and is called
! money. But il takes no Solomon to find this out.
, The question is, now that we Ore in difficulties
how are we TO get out and for this object pre-
sumo he has made his calculations as follows
That when the circulation Of Mississippi IS ter
millions Of dollars, gwen quantity OF lands an'
5 negroes are worth forty thousand dollars; III
4 gross amount they produce annually is egh
!, thousand dollars, from which is to be deducte
I Cor tho interest on the capital invested and planta
! ton expenses, six thousand dollars leaving III
e profits two thousand dollars. Two years aite
the circulation is increased from len TO twent
millions Of dollars and the same property thl
r before cost forty will now bring eighty thousan
se dollars the product is still the same, eight tho,
Is sand dollars, but the interest is eight thousan
IL and the plantation expenses four thousand do
a. lars; by which there is q loss to the owner
!, four thousand dollars. -Four years after this, II
\, circulation OF the State is reduced to five million
ofdollars, mud the same property can be bought 4
~ twenty thousand dollars; and as the product
M still eight thousand dollars, aud Tho interest al
Tor expense account amount only 10 three thousal
dollars, the owner would nett FIVE thousand d.
lars. Here the wrei stops; but he ought
have gone on with the calculation, when he won
III have found the following results: that if the
las cula,lon Of the State was reduced TO one ce
all the plantation and negroes could BIO got iol
Win song, SO that the owner would make eight the
A Il sand dollars clear; or that IL the sky fell,
he would catch larks, or u the river dries up
IN would catch fish, which shows conclnsivoly, d
however correct his calculations may be, his p
:" misses are false. This mode Of reasoning,
%" applicable to any country, would only apply
the people Of some island in iemoie corner
nth the earth who had no intercourse with any CT
ght wed nation But certainly il Is moi applicable
In Mississippi. Itdoes not require much reflect
rom or investigated Is find out the mo- e by which
and value Of property is fixed 10 all civilized co
NIT tres II IS by The amount OF interest the propf
Phe annually pays. As, for instance, house
ver, y'e'SS "" "u"', 'o"' ., ON" """u,e" ""''a
they worm one thousand doi'ars' II me iegsi ifse
ind Of the country y ten per cent per annuEn--
ured is almost invariably the case after a country
rrh- comes settled, Although will admit that c