The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-12-07

The North is much indebted 10 her natural
advantages, bu, she owes more 10 the llber'
al employm ent of the credit system. This
enabled her, at an early period, to com
mence generous rivalry with European
commerce aud manufactures. Tins iur
nished her the means OF ship buildins-cal.
led her manufactures iuio being, improved
her navigation and constructed her roads ADD
canals. These improvements soon reacted
upon industry, gave facilities TO the farmer,
encouragement TO the mechanic, aud em.
ployaent TO labour of every description.
These objects Except commerce) we're
greatly fostered by the war, subsequently
BY the tariff and afterwards by the money
thrown into circulation, by the pay ment oil
the public debt.
Our course was vastly different, our en-
crgies were directed TO the que, pursuits OF
agricultural life. Always fearful Of over
banking, We employed tho credit system
for no valuable Improvement. Our,rade was
originally mostly With Europe; there We
shipped oar products, and received IN return,
manufactured goods to supply all our wants
Gradually, however, our trade began 10 bc
transferred to the North. We began 10
End that there We could meet with foreign
goods imported 10 northern vessels and by
northern capital, which added 10 their Own
manufactures, of greater extent and sarle.
~, and actually cheaper IN price, than We
had been Importing directly; because they
better understood the wants Of our trade,
had spare capital and could adapt su.a'l
assortment 10 our couyenlesce. Hence the
transfer; but the North also consumes large.
ly OF our raw material, ~hieh renders the
trade reciprocaBy beuehclal TO Us.
Our merchants are calculating and pains
taking class depend On it, they have made
their calculations 10 figures, and lind their
profit IN a northern over direct European
trade, or the present state Of things had
never existed. The City Of New York
possesses natural Advantages 50 greatly 81.
perior TO any other port in the United
States, that she has not only the trade oi
the South, bu, OF nearly all the Northeru
and Eastern States IN greater or less dc
gree.
To build up home markets IS certaioly
highly desirable, aud Of primary imnor.
lance; bot !, cannot he effected by Courr7.
iioas The, collected wisdom may devise
the meals, bat they tnus; be such means
as have before produced the s1mc results
such as have enabled the North TO compete
with Europe. We must extend the ered,,
syssem-aiford the means to erect usauuiac.
tories, 10 build ships, to improve our nayiga.
ton, 10 open canals and construc, iurnptkcs
and rail ways, TO improve aud use our wa
ter power and to work the mines OF ore
and minerals with Which, our State 90 rtchl,
abounds. And We must % what is of par
nmoent importance, erect Seminancs o
Education, to quality our cbrIdten The bet
Ter To Improve our natural advantages, 4
keep the children Of the wealthy at home
and avoid the exirayagant expense and th,
uncongenial habits which they acquir'
abroad. We must encourage cur ON me
chauics and import noihlns thai &c Cal
maize L~,rrr sud finally, We must do a
our bre'hfen Of the North do, stay at HON
ourselves; except when profit or bushes
takes " abroad, and cease to spend 90
time aud substance in ldleness and exlrava
sance.
We should forbear 10 cultivate sectiona
and geographical feelings. There - dan
ger in Il. l,is enough to keep the line o
nights and attachments between the Stat
and General Governments separate and dis
tlnct. The object or our compact was,radr
friendly intercourse, aud strength &c mum
bers; and should learn with regret the m
c,plsncy Of any measure that would tend &
Plaza; a bitter rivalry OF angry alienation
between the North and Saah. We hay
bu, ore peculiar Southern interest Ia guard
arel that IS sufficient TO bind Us topethe
with chains Of adamani We look vii
confidence to the Constitution for pfo,ec
ton there and when that fails, the South
as one nan, viii know how to protect Iaersel
4 circulating mediur, Of Uniform valu
and 10 sufficient amount, Is the great beside
rainm Of our extensive and enlerprizins con
federaey. |, ~ the life blood Of the yarl
Gus branches Oi our spreading industry =
OF our agriculture, commerce, trade, man
uIactures and internal improvements Of CIV
cry description; and Is rendered more CT
sential 10 OGr welfare by the extent Of on
Union, the variety Of our soil and climate
and OF oUr people differing almost as niue
10 wants, habits aud manners. This o
important circulation, | apprchend, cannc
be supplied without The credit and protec
ton ot The Federal Goyernnrnt, exefiec
. either directly, IN t1e establishment of
+ National Bank or indirectly, under prope
regulations m favour Of the Banks Of tn
STATE.
the people very siseiy gave to Cor
gress Tho power " TO coin money, reguat
the xaItle iht rrnr AMI &c E.rn..... 80. -.