Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-07-26
NC. Cd.

''''''S VI 'nt VI VIII lie u tnc
u we ciicr NJ . Il career with Great Britain fol
iSrcndni cv 0,cr Tn" currency n! d ciedn ;raus
actions of ':ir world Al! colIncrcia points arc
DEBTORS l. I rca britain. She expands her chr
rcn"y ana eli ni"'s her credit. The cons4
nnenr" Is. a' al o her Ions III comm, re- la
connection whiI her. feel the slimnins and I'm,
'inp''is" They ar" iidur ed 10 en- Il &c TOO md
rec" 'c cNtci son from Tie bank n.ld bankers ~
London: And when all points become largely
iiiichd under high prices Fl, III eXI,a. dcd ere d.
iiS, size t""n "urnc,, AMI through the bank OF
! ".'aii. come Ciud as Is witt, the uu,yer and
| rcnt' "i government. sE!lrccs the prOp0,iiOh of
"M''"" and l.rni;S narrr issues. And what i.
lhe 60, - Tuehcc! She ~ in her ,,ch,s and
""hipriS rayn' MT in gold and silver on available
inn'S. shock takes riacr--c credit contracts
itSrli-prc"s iaii--nnd the great seat of buI ion
a"d The bankimg power bccon cs the, m:.tre So
"'cr The properly OF the commercial worli She
,"'s II" ever thing t" the highest prices. n, d
ii''n purchases NJ the lowest L. ok n, rccc,,,
! iac's. In 'iIr sin" !e wear of lr5 H., re- were in
ch'n branches. two hundred oin Stn. k Ln, ks
"r";,'ci Ill England. This s.vcl"d the expansion
"' Gre dIi- an! ci cicu.a,ion. On Marc, 1;h I,:7
u" ianh of iErIai q col,'ln need reducing ler
loans. am' by December the filth l>:.1 Ind oc
"hii' reduced them III those few month"; e..
'1.o'lo on nearly Sit.UGOCG0. She increased
F., r "i ION III iii" sam" timr & t.l2l., co. or near
- 2,u0Ii.JOO This :, .c,i ic q, course was ho:v!cd
md reduced the crucrai circua,on which ,o
made II contraction of near 1000 coo in nine
IN" tiS. We II know the ,Ii-aS'cr. which! have.
""u:rc'i Will! us since l2ih Nav 1S:,1 up 10
The 'irScm. :in". The Bank ui Eng! and G, m
nrn"rh he's r"n'racli"ns on the 7il OF March,
i ., and ~" fell the electric shock IN NAV Iol.
lowing and in II few months. as the contraction
"raw loser and closer. we were thrown in,o
r"iivu som. And 80 il will even he. as long IA
"" are urged %" in the lccolcss and mad career
N''c!' we Lave heretofore followed Tie truth
Is. 'li's Whole - stem OF expanded and stimrla-
'rd '''odrrr credits connected " itll Guvernmlnt
doe nothing NOR" nor less iun reduce us agail,
10 10 STATE oIr" oniai vassa!a"c To Great Britain.
10 ne" the shocks and the periodical reverses
"''if S'' has the power To creatc we are com.
= II hrcc. .ac natives; either to , cid up our
:"'" aiid s!Ncr-'r Sarrii.cc n,r exports for her
II neiI Or to issue bonds and s.oc lis running
MON t''n" at hl"h mt r"s. This last s but nm
extension uiIhe cnr,et;op'Ie wiic!, awai- with
more astounding 4 '''~ 1t may now he SAID
'!at .he banks and bri .crS of England hold the
: nm ol power 'Ie. i,e two countrcs-they
sSsi l. l4sd the Glest". ~ ssse' tha.
""'.-, II, n,,.' .;@Hr; e,i interest Well may
cr"w'' heads alrcmr, - purify the blood OF
ban crs. as they htyc H. ~. in modern times. by
- ni'r''ns upon tl,"m the empty title of baron,
before w!.osc presence c"urlicrs shall bow. and
even he dadem OF ROYALTY itself sl.al! glitter
Mr.. Chairman. love tn" wealth and appa-
rent prosperity of my country. but love, still
more. her independence. Give us 30, crtv and
an humble destiny. it YOU will. rather than 10
have oar prorl" wear the badges OF vnssa!s. with
al tie "Or"e"us livery ot bon!sreu | envy
n"l!,'n" ur"pcan hnt heir glorious Iitern,,,re.
:sude aS nany suppose us 10 be- s,iII love The
nils anh valleys at INV own country. he, ai,se il
wa: tn" hem" and lie co,ln'r, ct thnSe who once
flash d on hig the >woid of free dom III The war
"t "ur '"yo!ul,"n. Ind'wnd, ce tonrsr to my
.onniry. Is tie ist and Lralcs. sentiment OF nv
hrart
Tie WRITERS of Grca, Britain with some very
homo abb" exceptions. on thc>" subjects c"nncc-
ted with ,uTr ncy and credit. wire. for he most
pnr,. ior h" in,rrc>, and power Of Great Britain.
io no! blame them. but they are ofluIc a,hoIi-
~ wIin ,nr What is for her interest under an
Nrtnd"d currency ~ Il an e ar. ed system of
credits l. precisely tie crevrr>e tor the L. Staes
''n!"+s we should III turn become the great rcser-
Nor o. commerce. and tie banking creditor OF
'i.' word. \ stable and SAT currency and
sound limited crrd't ,Slcm with us limi.s the
power OF G:ea! Britain IN rnar.ch and ex-
pandsi system. stimulated hy her. gives her the
pur~" :irl - n "Il commissions. France l.as
perceived liS and wisely ;ii>t;,lnrh from iuininc
~ :''': proud career al tnrtnu" and O. alnhi:ion
II She had fallen int" t'lat system the ronc!u-
SION oi peace. Twenty-Five " ars ago l!c title Of
b,in- 'Klra OF Great Brian and France"
w,A'h ':a- been i,an,icd down;,> a proud Inherit
aiIcc 10 tie i.ng'i~h or wn. would not a, this day
ID" var, and cmp;v sound. hut wn,h he felt ;is
80 rtlllm. ";.1-;.!!;.a! i'll ali iS sad and degrading
rra !cS
My :airnan. in TIE wl'oc operation of this
system which !iov' been .-ci,SSin.. we Of the
wcIic: portions "i ii.'> conf ,cracy Eu!d The same
relation 10 the "i.aic stock Interest ~ the North
thai tie whn!, Cnuutr, b ans towards Great Bit
ain. Wr tit. Comic,rrL"y would become
! coln'icr ial colonies III i.ict. we of the South
! w"y:i he tributary prov NinceS io those who would
hold III their inas The destiny OF credits
and Ian. io-tcIvi by Government. with all its
! disbursement. Let those whose investments arc
! il ianjl and l.hor beware! Their ta;c depends
upon thus controversy!
| \! uw ui,. tu Sav thu: there are no snb cCtS in
r'.. whole range OF oi'c> calculated TO produce
a deeper impression ui.n'i onr future dcs'inv It's
people Than the very question upon which we
nrr cal'd 10 decide Let cCnt mcn WHO
present the weaker portion. "i this tiiOn re-
ncubpr tia, Tie result %. all modern improve
men; and o. iiliHa,:rn il Ia co llatc Ill society
no on" 'iviu" EiIs-. where lnrEl interests and
lr-a! feelings ar" o he ahso;hed for the ben eli,
one mighty whole. The tendency of civilza-
tom IT, mo,'Tn times is 10 n nrcga'iOn. " here the
stronger a-*cs s:Ihlucat" tilc weaker. Former
ly the same result w;s p.o fnrdhy physical force
and the COZ 1ucr", $ sword Not SD now
Through comi'.na!ion> and corporations. whole
In"r"-tS and classes ar" brought to act " lth pow
cr. Under hcsc circumstances. VIXEN think OF
III" tu;ur'. and turn INV eyes tn the land oi my
'nrglttcrS | confess hat feel my hear, tillct
with the iorcbodinG emotions that rush upon il
: Let those whose Eomlrs ard whose children ar'
there. and there forever hesitate long hesitate
before they do AZ" thing directly or indirectly
!, to ~tr"ncillc' tho ha,.,'s OF others who may b
forced bv an irresistible dcsti;iy sweep oar pc
car INSTITUTIONS from toe face OF tho cai Ill; III
= If anv o. us should survive the shock, It viii o'
. he tn drag ont Il miserable existence Of dcGrndc'
h i','"'"ncy. But !ostear topu;s7ie Ibis ya'n''