Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-04-26
From tAe Wasaipg,on Caysuicle.


The excesses ofthe ''credit sysiem," rs il.
is called. have produced many e. great evils
in this coun,rv;-but among The number is,
perhaps, none which works more insdiously
and fatally against ctr social and political
institution, than that which arises from the
inequality Of wealth produced by this much,
vaun,ed system. We are no enemies 10 in
dustry, frugality and enterprise. Neither
are we disposed to wrest from them the re-
wards 10 which they are justly entitled
But we are opposed to any aud every sys-
tenn which tends to accumulate wealth in the
hands of the .te,o at the expense of the many.
One of the most profound Historians of mo-
dern times, attributes the decline and fall
of the Roman Republic. chiefly, If not ex-
eiusiveiy, to the inequality Of wealth, which
had been produced by an abuse Of legisa-
ton ;-and which cngendercd, and must
inevitably cngcnder, under any form Of
government, meanDess aud servility on the
one side, and insolencc, profusiun, and cor
ruption on the other. MIR. Jefferson earIv
| saw the effect of this evil, and in striking
at the system Of Entails, removed ono of the
main causes which promised TO contribute
TO 1t But vain is every effort 10 restrain
the wits Of men in devising schemes of self
| a.ggramd'zemcnt, and concociing means to
live without labor. The science of life con-
sis,s in the knowledge and pracri e of sucb
devices-and it is remarkable how success
fully they are played off on the public.
| Take for example, the PENNSYLVANIA
Bank of'he United States. The applicants
tor the charter, proffered to pay into the
Golfers Of the State, million and half of
dollars, for the privilege Of using it as the
means of advancing their individual wealth.
Tickled with the sound of this enormous
sum-or, it may be. operated upon by some
more substantial reasons, the Legislature
grants the charter.-I.arge capitalists rush
in and buy up the stock, and the mighty en-
| Slne commences lis work.
Now, who pays this million and a bar1
The stockholders Of the bank! No-no-it
is folly to say SO. The PEOPLE pay it,
pay II in the shape Of interest OIL The loans
ofcrcdit, which they have authorized these
stockholders to make to them. This is The
whole of the matter. by the working Of
the machine, money is taken on, of the
hands OF the industrious and accumulated
IN the hands Of tho capitalists and he
Is regarded as the most profound finan-
clcr VINO can best manage the machine SO
as to produce these rcsults, He is held
up as man mighty in cxpedicnts; and
worthy Of aduation and reward. In proof
of this read the following article which has
led 10 these remarks:-
| MAGNIFICENT CoMPLIMENT.--The share
holders in the late Bank Of the United States
are about to present Mr.. Biddlc with
service of plate, now exhibiting ut the MANI
tacturers in Philadelphia, Fletcher s. Co.
II is thus described by the Philadelphia In
quirer
"!he noble prescn, is splendid dinner
service, which, with all its minor details,
contains no less than $50 pieces-lhc whole
weighing 1000 ounces. On the larger and
more massive dishes the following iuscrip-
ton is engraved:
THE SHAREHOLDERS