Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-06-28

questioned on grounds infini.cIv
'css s'r"f5' us | will proceed to show. The
p."Pos'.9n 10 give Congress power To grant
ufsp' incorporation generally, WIS re-
" couIinillrc, and never Hiicrw ards
"M ne power To grant Il charter of
ua''h Wis never proposed.
!s NOT So good Il currency rs hank
p'Pe.stf Is Tie currency of revolutionary
S''o'''i,a'ts, and never has maintained
par spuc' and never will, except in pc
'"'s ottTreat pressure; and in small Il
'io""'stf IL Is even now below par, when
ee'y ctF"nsnnrr Of the condiiinn Of the
e"""''y is most Hu,niriuuS to il: and when
',"'o 'Ml's quality of currcncY il has that
vi s"ck loearln" interest. But il is said
,,'''' niEpues drprccia," the loss falls on tl,.
o,e'tJfht' tl"t on the people. Mr.. Chair
"''', ware are we. and on what times have
WE ia'sf L. II III this republican land
where tlc Government is the mere ,rust
he mer4agency Of the people. ,ha, W. nrr
'"id thag the loss of tho Government, is not
nc 'oSsPf tue people. Suppose one hun
ore" hiitons IN Your treasury and use, and
uch'aiiiS Tor II, and ii is consumed hv fire
ms 'cy. l suppose, would he The loss of
""''' laen', n"' G the people: no concern
whatcVrl Of theirs.
on. lhht its tendency to excess will bc
greater tlan bank currency, do no, doub.
an" '"at Is the ;:rra; Wee of the iaukiun
system. gan there De n more strikiup nrooI
oi ms Hlan the present state of ,liurs.-
"o'c'nitplenl alone Is unaffected by the uni
'c's"i lrIesstirc, and is seen carcc-inr alono
i'i cMrsc oi umrxumpled cx,ravamancc.
ics' s!t,an administration whit h came in
!" po"el with The Waich-words rctrcurh.
'"eu' atli economy cicrnally on their lips.
P'"Po'inF to cNpcnL IN i!l, present war
more th}ti nriy millions. Thirteen mil
''"lS ossfis The Ing hest amount expended
"i'ier w administration which thew DE-
h"thccatas running the country nv II, cy
tta'aSaace. How and why, is all this -
why, 81, Tor tie simple reason thl, the
more ils,ney thai Is Appropriated. the moro
'e;is4ENhpies will he issued, ani The urr,
'er the1iesent relief to the c0unir, No such
e"llfftn.aT ever has been rcSurted to. which
e- ezea,s fsp:' l into Wild excess.
all Sir, nd UnIT rrtrrv. lr v1tr rrrrr en- nm mr.
ever hccu advanced. Thi, Government,
currency costs directly six per cent. uDon
'hn whole amount in ejaculation.
9th AS I" n> p"liic;l rcndcnrics sir.
am a republican Oi The stat" ri .iI,S' school,
not ol'>onc ten or twelve wears standing.
nave AWAY, been 81. was born one. |
waS born in the midst Of tnc black cockadr
contest, and have no drop of blood t!,:.,
flows from any onc " no ever wore one: and
! confess inal an amazed. | am arn,Si
di>iosea 10 doubt my nN II ihcn'itv when |
near gentlemen Oi tie siricicSt sect h .cinr
ine mat Ills power of making currency i,
too imr"rtan power To tr,isi To pnur
miserable c"wardly corporaiiuns. (iS they
have shnwn themselves to b".) cnruora,ionS
wh!cii are SiaI" institutions, drawing tn,
"rcdfh ot their uosrrils from the States, re-
ccNmS from and giving strength to the
States; indi,-oiuhly united in their ..c>: iuir..
with The STATE. and having Nn other pnw
| cr> h"t i''is. Hr th,' Is II perfectly Saii. To
;dd this power, great is it conlrSSrdiv j.. "a
ihc VAST mass al Eo"cr already y ,s>c,s 81
ny thiS tuErrnncnt, tn!. raw hc.lh and
hloody-hOnvS accumulation of power in The
Federal Government which we have been
dcn"nncin:, and warning a"ninSr-bcca,iSc
II Is >;iid tht power mlSI abide somewhere
, ana II Is too dangerous II power 10 trust iu
Stale corporations, which have neither mo
| i've, courage, nor ability, to abuse IT, And
sir, has II come Ia this! Is lii, the honS,rI
! separation OF the Government from IN,
money power! most noiahlr separation
\ separation by direct and entire union
y separation 10y granlinH the unlimiic,
power to max" and issue money: Il pnwc,
TOO dangerous Ia rivc 10 STATE rnrpnrl,ions
least pr:;'.''nlurr the, may combine vii!
the G"v.ru'i'rnI; "uI perfectly sai, tn gran
the whole power without restriction To rhi
Government. And this is S';a,rrich,s!
Oth. IL viii operate uncqna!ly. Thcs,
nole>, by laws "t trade aud commerce. in
al, ,1,,., 81
III large cilic, " here they are needed. undc
The universal law of demand and supply
and will afford no relief TO the Interior
to the farmers and The country merchants
such was The experience of Mr.. Dallas il
lolo. lie says. "thar tho treasury note
GilOrdel no general relief: that they had. am
YOU'D continue to accumulate in The laro
commercial cities where they were needed
and rarely found their way into the interior
and that The currency of The lnrl banks wa
III iaai The farmer cOul! Obtain Al
Crawford says the Sa.nc thing. and add
that "thcy gave rchrfnnIv to that scclio
east oi This city whore Government di.
burscmcnlS were chiefly made" Nhcr"
now The largest amount Of these notes =
Where il always vii! br--in New York
! where they are mnst wanted. Below y;
III NEW lOfk; I'VE per cent. above par
, Charleston: and yet am asked 10 belle,
f that. 10 have Il peculiar currency for Il
! Government. when that currency accum,
i, la'cs in such abundance III New Norii.
: To be below par, and is so scarce in Charlc
$ ton. as to command five per cent. prciniu,
is to facilitate he payment Of duiic,
. Charleston. Am | forever to he asked
Il assem- to these novelties. unsupported
: argument. and opposed by all cxpcricn
: and facts. 1T is said the impogtations