Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-06-23

Bile 10 pay the expenses 81 transporting hetr goods,
OF 10 give To the holders el money a higher IntSr.
/ est than they can elsewhere obtain. Money, in
! these cases, becomes OF more value in these pa.
ces than in these where 1t is not so much in de-
mand and 1t follows, from this, that money will
| leave the places where It is plenty 10 seek those
where, from the want Of II, more Will be paid for
ats use ami, in this manner, scarcity Of money
will work its own cure. Money Is profitable TO
any country only by means OF ITS circulation "a.
w. for circulation makes money the continually
repeated cause OF the production of new portions
of property and, ON this account, very small
sum of money, which Is IN constant circulation,
is Of Ear more benefit 10 country than the pos.
session of the largest sums which remain locked
up, and do mol change owners. groa, quantity
ol money, therefore, Is Of no service 10 county,
unless there are desirable things in that country,
for the purchase of which y &c IL paid, shu nus
transferred from ono to another. When, there
fora, mere money flows into any country than will
| pay for what the country actually produces, mo.
ncy becomes Of less value, and the money price
of merchandise greater. In thus case, Il Is better
| TO procure the goods from countries where their
money price is less. Tho money will thus be
exported again, and procure n return of cheap
| goods in It's place. But, by this process the iu-
dustrious part of the population are injured, and
those only receive profit who make these exchan-
ges of money ior foreign goods. The laborng
classes therefore experience scarcity Of money,
because the articles which they produce do not
command ready sale. In this manner, all the
gold and silver obtained by Spain and Portugal
from South America passed into foreign countries
N exchange for foreign necessartes. The only
true means, then, TO remove and toprevcnt perma-
noutly scarcity Of money, Is 10 improve the
state of domestic and internal industry and THEN
opinion is wholly destitute of foundation, who be-
lioye that mere plenty of money is sufficient TO
deyclopc healthy state Of domestic industry ;
! for the money does not produce the goods, but
follows their production, And money will not
stay in county that does not contain goods
upon which it may be expended, but II seeks
those countries which produce the objects Of de-
sire The worst of all means olseiiIi,Jiin. scar.
city of money is the multiplication Of those things
(as paper Of all kinds by which It is represented,
or which are used as substitutes Cor ii for these
circulating media are only worth SO much as can
be obtained in real value for them, and The search
ty Of the precious metals in the country, prevent
ing those who desire 1t from exchanging their mo.
ney for them, the value Of this paper medium falls
at once, and often to such pitch that million
of these dollars shall not be enough for the pur
chase Of ono silver dollar. Nor does II help the
case to base the value Of this money upon any
thing else than the precious metals for, if tbcll
value IS expressed IN any article not so easily dis
posed Of as gold or silver, as grain for instance
these bills for grain are worth no more than The
, ! C,lle
grain bills must Of necessity sink with them; ant
ifthe grain cannot be used as a means Of payment
then they lose their value altogether. A circua.
ting medium fixed upon so insecure basis can
never take The place orreal gold and silver. The
truth ofall these remarks ARE strkngIy illustrated
by the history Of the continental paper issued by
the American Congress, DUNG the Revolution,
and by that Of the celebrated French assignants,
which, resting upon The credit Of n people without
money! and without means Of getting IT, were
soon found to be Of lttle worth, or Of none ut all,
Nor is this contradlcted by the fact that the paper
of the bank Of England remained good during The
stoppage Of specie payments Tor the wealth and
the prodUctlyeness 81 that nation arc so great as
10 render all Transactions safe in any paper au-
thorized by It's government ; and that wealth and
industry combined place II 10 situation so far
removed from most countries, that it only forms,
IN this respect Il far exception 10 general law
Mark the actions Of those WhIgo who cried oul
so much about prescription for opinions sake
when they come into Office. Governor Kent, Of
Maine, in the short space Of few months, has
removed between len and eleven hundred per-
sons from Office TO nuke room for the creatures
Of the Wing Arlsiocracy What sin this would
have been in Republican Governor, but in a
! Wing Governor circumstances alter cases.
Mont 1dr.
TnE dwelling Of Bushord G. Washington, Esq.
near Charlesown, Va, was entirely destroyed by
fire on the sh INST His loss is supposed to have
been $4,000.
Ono LoAN-Thc Ohio fund commissioners
have negotiated loan in New York on Ohio
stocks to the amount Of 100000 ut premium Of
| 6 per cent. The loan is to aid N the construc.
lion Of the internal improvement Of the state
MARKET roR OH MAIDs-Thc population
| of Little Rock, the capital Of Arkansas, Is now
ab)m 1900 In 1913 il was about GOO, having more
thah doubled itself 10 five years More than two
thirds are of the male sex.
Some Of our Wing papers arc eNliting at what
hey are pleased to term be repeal OF the Specie
Circular, Why all this rejoicing What nd-
yidua is there, possessed Of the ordinary means
Of information, who does not know that this mroh
abused order of the Secretary Of the Treasury
has been rendered imperative ever since the sus-
pension Of specie payments by tbe Banks :
But we are not sulprzed al any thing that now
emanates from these new-langlcd politicians
Two years ago they were loud and vehement
against the Abolitionlsts of the North ; now they
are about to take to their embraces Mr.. Clay,
the chosen candidate OF these incendlaries, for
the highest office within the gih Of the American
PeopIe.-.Mont. .1dr.