Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-04-12

spent aud no" iemaned part al the active capital %
the county, employed IN the business of life. Bui
tins debt, sin, has ctealcd an enormous amount u
private property, upon the income ol Which IT'S owl
ets 1--we, which does require then own active n
i bof or that of others. We have no such debt We
have no such mode Of Investment; aud iHs cteuua=
stance gives quite different aspect aud different
/ reality 10 oni condition.
NV, MI President, What | understand by the
credit system Is THAI winch thus connects Labor aud
capital, by giving Ia Labor the use at capital. In
Other words, intelligence. good character aud good
morals bestom ON those who have not capital i
power, n ttu>f, a confidence, which enables hen In
"htan II. aud 10 cmplo, II usclulI> lot lhcnst Ives
aud others. These active men u business build
'hef hopes of success on then aelhc0ess, then
I economy, aud llcf iutegity. wider thraar Ton
useful activity Is under lher feet, and around llctn,
than Was ever spread before the EYES OF The Young
and enopuslng genrraars OF men, ON an, other
spot enlightened ~ the sun. Geiotr fhrn Is tn
ocean Every Thug IA th' direction invites lhcm
!" slip'ls o' enterprise ad industry ~ te pun ult.
"' commerce anu lht hNhefI's. Ntonnd them, On all
] h'aa>' are 'h''ng aud prosperous manoi'totrs3
i" mn feN"2 aelle9ilhie, nl the duly presentation
"' ne" opltcIs eI internal lmpto'emeut "hle be
"hu "' III i almost H'H a continent OF The richest
in'' al ne cheapest ln'ts under heathul eli
""tes' 'o' "2sa'" ny ne most magnificent river That
on any part OF the globe pay then homlae L. The sea
l" Ia mi Isl 81 All THESE glowing aud glorious prus
Pcets' 'hrN are neither tesr uned by ignorance, non
c'S. iheN "e not compelled 10 contemplate, IN
h"Pe''Sle'S IN" otsPaif' All the advantages Illus
''s''"co o" .lf" 'o""itinh iA Providence. tHp=
"'l l'"usp ,heN may have niue OF n"nr eRtnIr
s"ll''S rs ''' n"' ~ u' refuge "' lle pradigal
''" i''e's'0. o"' is g'aitllnS present wants Win
tue certainty OF ioIm' ABSOLUTE nun: bur aN he &C.
NUS " '''" ,'' "''s' Ha commence rs The hIrsz
SUE WI" "''''N 'u'''" 10 you" 'l'I1shl' ahd IL
S''' '''' as ne III 'Ifll'' "hch assists
honesty 'o' 'nl''Iise III ""ai M eo'hiott and IN
!"
WI '','iuen'' 'aA" a"lN TINS credit aud "laI re
nuns "" NO. asN "l'a' remains 10 ihtltW but 10
','' "'"Y 'N' '"'N ms system CT circuit hn1
NV" 'e'' nv WI" y '''' 10, 'an'' ana industry ohi
''''' ''''""'' '"' anu '''Nt'' uuef'N II "e adopt
N>'e"' 'i' "'9'''''"' ''l'''' nom ''llNe 'hpl'N
''''i' No W. ~ "ili 'u'=a 'e f'les "l wages II
"" '' S''''' "'te'''s' "' so''e'N, dof' hei
N''a "''''''S VI VI '"o ms .ona1ll"" gro" o"ly
"o'so !" "'s ponies Oh 'ne gay sIf' W. ne"
'''''' S'9 'oo "''ol''s' ana wien we apolNl clel
~ we '"' ""7l'' '''o' nom e'Ta3 ao"' oeP'nd
oh S',' "''n We 'No''e l'ool lt'ih V'll'H tap"h
Is noau'a' ana Aooi slalteS'
he ",''""h"n 81 "ieh Gio'ed' lH't e" all WA"
"'"r VA o"''o"r' e'P't3 o"2pl 10 pIeaA' Is TIE
most Sen'"'hi ever u'tef'" III TINS co"n=
Try. II i 3" sentiment WHICH, II carried 81" by ppz
'''e"' "''"E''''u'' ""u" eo"'elnh 'he Gleat ma
J"'iY u n'''lh''' 10 ''ae perpetual eon0'tioh 81
'htle "'s '""oit'>' - %oeS !" '"e away nom lhtm
an INT aol'ee ana h"Pe "llteh arises nom posNes
sung something "nlei lliey can call inca own.
',''' 49, 10 Wv - " =, 80 '"' "''"''' 'n'' II
shoolu 40 so ana l' WIZ 1--we Ills country ana rs
institutions II he have some sia III II, although II
BE- oh' very sinll pat OF ihe general mass o pro
perry II E" be o"t cottage" an acre agatden, ITS
possession ills' Ilnh II ewes MN sen respect aud
strengthens ms at'at lIep to his tonhlIy II Is oni
happy codllion by Tie hlcsslhe Of Providence. that
almost every nan oi sound health, industrious habits,
ana good morals, en- ordihnliy attain. nj least, to
tins degree OF comfort aud rtsleclahiIlN and IT'S
result "e''"'y TO be Wished BON Tor us individual
and ITS general cons 'quehcfs' but even TO tins
degree oil acquisition, tilat credit, OF winch have
Iea"y SAD So ueh (s as gentfdl effect Is 10 r'Ise
TIE price "I wages ana lchdei industry pfodhchvel
~ highy important. lhtte Is no condition so low,
II IL be attended WIN Industry ana ccouo N.Y. winch
Tins ctedi docs moi benefit, rs any one will hnd II he
"iIleNanihc aud loil"" ont lis operations
such, Nj. ffesidehi heinz Tie credit system IL
the United States, "a understand Il, ! now add,
that the BAnks have been Tue agents, and then en-
culaton the i,srlnmenr, by which The general ole-
ralons Of THIS credit have 0een conducted Much
OF tn" capital oi The country, placed III interest, l. vest
ga III ""nA sotN' '' '"ose no po''"' pef'"" ~ Tue
oahNA an" discounts "i hlS' anu anticipation "i I'Y-
'neh'S III az rs '''''N ''o ''s"'" anu "iP'oP''"'
/ uhiH VI ".i"s l'o' 81" ""''''' '''N'
III '"e -N'''u' }"e ""'"' nav '3""'" ne manu-
'i'i"''is ~ =" 'ia'''' ~ '''''Ns ''' p,"'ee :"
lhelt H3"9,ls Il, Il" envy ni""leh'' ne course
mas Dcen' W'' 'he P'oou'cts ~ oo"'h"u'lltS I2l
2ou'"''' '"''a'i. '''i' "",ii'9 ''SI''1"c' ''eu
io""''S' "l"" 'hF1 "'iis, ip'Sepi'' die uisepunlz
ca al 'l' odNS' ~" WIN ,''e P,9S''p9 "'i'i "a"
ndi''"9 an pou2Ai' anu o'''ei ''p' P'fd' 'n' 'us
thc 2enein' h"sne>s IS eo"'in"ru III PleS'rss' Al
'ulH Is wen N'o"' ~ ''io9c WI" INV hlu oPlo''h-
my !" W 81 Ip"'ee' "''' sum 'oh'''u''
bnt oahh ci'"H mas not o1en more necessary 10
'he ->o''h 'uao t" ,H' SCUM i'ilec"' no"nel' I'D,
''le ps' VI ''e oe'''a o' '',''