Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-07-19
Again, while on this point, let us look

6dHE carr, neg upon those who depend upon
tail! lahnr, and see if there he no difference
of Interest. " hen banks furnish the rircu-
lalIon OF country, they nnTncsiiunably
have the power to expand aud to contract
the circulation according 10 their views of
interest "r policy. Suppose, then, prices to
settle down unt:cr ii stale Of contraction.
y then expansion commences 10 take place.
What do VIC sec! Stocks go up: personal
property rises; and wages for daily Labor
arc The ,,, To rise. Tie desire of the in
du>'r"uS Is TO lay out all, over and above
mha' Is necessary fur supplies, in property.
How can this h" done whc.. wages arc M
IL stand hmi property rising, under an cx-
painting currency thrown out hv banks. and
stimulated to cn!arIc, as they have been
hcrcto.nrr, by Government, ,!..ro~itrS!
'1'', |; Is this dcsnintiiig operation Of cx-
pan>ion ana contraction which brings pro-
ld.cuNe Industry dt the mercy of fictitious
capitals; and il is all vain 10 tell E:c there is
40 difference. Ii is Il stable gold aud silver
IcuIrcnc. under which labor ilourshcs. and
through " l.icii it e II calculate with certain
| ", as 10 i!lc acquisition u: property aud it
l, Il paper expanded currency on which
spectators flourish and revc! III spOilS plum
"crcd from Others.
NO dniclrncc between labor aud capital!
|
""nh, u! tnc asiluii, or the dcc;, forests OF
tho 4'!is>i-sippl. ANA ask the hardy pioneer
! Il there be no difference between his lot
''''d 'hat "i tnr pTinccly spccua'or, who
c"sves out .or .,,us;i! Il baron> from your
>p:cudid domain. hh sir, 20 into the back
streets ani alleys OF Lour large cities, and
ASK iiie tenants IN their Thousand novels, il
, there be n" difference IN Ilici: ior and those
VIZ" ave under Iii. diippinSs from the pala
ccs "'iici harc sprung up like magic liru'
! I"at oar land 10 SINt Us Ihr blessings Ol IN
cAPan"ed paper currency. Perhaps, sir,
| II You were ~ I::i;:sc tor reply. You might
hear some one cScl.Ih; in tlr batter anguish
OF Grs,'"Hui!iS heart, ,nrrciiUl Gud, is this
The equal justice oi Il tree country. The
>oct:inc, that all classes III sucir,y arc mu.
tualiy dcpcmucui on each Other. aud benefits
I" "nc class are benefits to ALL is utterly uu
Iiiuc; AM IT." legislator " h0 ilahi,i.i!iy ;tc,,
"l'"n su"" nr rAci, pcrpcira'cS cold rca.t
,i>Na. crr.i l'gu. zee. Thnr is ;i.r ser, doc
irn"" hN "l' ne arisIucvacy of iis old
World ci;in !" &c suyii2:'"d. Those wnn
SindtrI,.- 'l:' ssin.!si.sd corsy, do -, ,.Iut.
the aV""rd gr"uud that ii beds correspond
Ins h'r~,!A-,e urnn all other classes ~ -",.l,.
"; Dy 'AU sa'rc sort of p!a;Isi,iI4.l = NJ
non may be dcludcd into the suppu.' o 'ae
NtLrs and the disdcrns Of ROYALTY. Sir ,h,
profound trun is that there are conflicts in
all communities. and that Government is
me wiscSi and the ircest which abStans
from creating any artificial class who cX-
pcci /" 1--we by lis favor or flourish upon lis
| bounty. Nui only arc there different elias
srs III society. differently affected, hut, in
ms extensive country, there are different
sections deeply and viti!ly affected, in diff
i"rcnt ways, by the fiscal action u: this
Governments Look over that ba!iny land
! that expands its cxnhrrani bosom tAdrr
| the Gc..ia rays Of The southern SIN, with its
r!cli exports, amounting, in some wears. 10
near ESiuo,0UO.0OU. and what do we sec!
N"ch "i this vast product actually taken to
northern ports. and again rrS!ippcd, while
! Ihrrc-iour'hs of the returning imports uuon
Ih', amount are brought back again lrulis h
| III" same circuiiions direction. /, this -
natural operation! no. 1t arises, in
! &r"h' degree, from Iic fiscal action Of This
G"v"Tnn'cnt Your imro>t system oprr-
lies :" as 10 collect. Indirectly, two Thirds
! "' E""r revenues from The exports If i!..
! "";ii,rI; AMI tn" sam" interests which have
| l"r'nrd this >NSic!n, also have I 70 powr. 10
control the disbursements. The result of
which has been To collect rwo-tl,ir,is Of ,jr
revenue from The exporting interest and 10
6!>hnr>c tn" same ;;ino,Int IN the unu.x
porting region. This il is thu has made
your towns and your cities lauruiSh and
hir IN one scc'!nn. while they have s;,run.:
| mp ana ii"urISiicd 10 the a~tOn>lImrnt and
admiration ri lie World ia ;lnu,hcr section.
"hnrri"h with this subject. also. it is a
! view worthy n' notice, tha, about three
! "''i''H OF The paper Cr.tiitS oi the cnnnIrv
nave heretofore Issued. also, from the non
exporting region. These credits have CIR
cnihicd as money; ana, ever since lIamil-
ION treasury order in 1872 The whole,
| power I'M! patronage of The F,.rrrI Gov
! crnm"nt have been devoted. i'm It's fiscal ac-
'ion. {" give that circulation The pr fl, =, and
! attributes "f gold and silver currcnrv.--
! hiF operation has given :lip>c WHO ls,ucd
'lrSr credits precisely The same rnwCruyrr
me r""d"riire industry and labor of the
country hS II they had ;rturIly h III ,hul
"'ich chplia! IN gold and silver. The great
| struggle now is. whether those exports
! ""ich nav" ~ intrinsic vuiuc al Iu'Hr aud
| ahrohI shall form The basis uf u round Of
! credits ANA exchanges. or whriher banks Of
h'conh' ani circulation, aided by. and al
Il'd To the p"litIca! power Of 'hr coniiiluui-
". shall produce an artificial! and uu,Ormd
! sysicm!
ahc m"mhrnS nrthr West have been ,;;nr the
most part. from the with riistrr, credits and
''''V' gwen teir purchases that ,:irc"ion at The
u%P'"Sn %! 'pe provision pr"hucIn. inter. 81 -
h'- ARTIFICIAL system. oSirrc,i us il has been y,
the ;sctio" Of !his Governments allied viii, tl,,.
VINO 'loli f'.c credit cncllu,irn has raised I, N.
hii't"rnlS and forced their trade into u.u,ing;,l
'h''h'i. IL u their cash sales into tl, sll .c
or r2p"r.in" States which a:vcs tLc,n ,,,rtr ri;
q: .'"' perry That "vs'cln wi,;ci, benefits o
"nn,r n"Gs .'" 'or''icr' 'nhi"ctly produces
! al