Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-09-06
OPOSALS
For publishing the To,cn Of Columbia G C. a
ne,o Semi -Weekty and HceMy Nc,cspapcr,
TO BE ENTITLED THE
SOUTH CAROLINHAN
BY A. Fl. Pc VI MERTON.

" NCOURAGED ami stimulated by the kind
~ and fia'ierine so.icitntons OF poiit,caI
irenus and all ull-absorbinS interest in the src.,
question OF the day. the Undersigned ('or,neriy
editor Of Inc augusta Chronicte.) pre- poses 20
publish a new paper, in Columbia, aud respect
fully submits 10 the consideration of tho public,
the principles and opinions by winch il " i'll be-
governed. Firmly con> inced thar the future
liberty: happiness, Independence and prospcln,
ithe Southern States and indeed OF the \, hol,.
Contederacy, are vtaly involved in the mln men
tous question now pending, between II gigantic
National Bank, and Tie constitutional cUiicuvy
OF the county, the main object of the CARoLiNIAN
VIII be to thai question freely d thol ous
ly; throw all its hts fairly and fully before tie
people; and shew tleretOrm, ll,a Il Natola
Dank IL utterly uncOilsutu. ion and nexpeuielt
and violent lni".icat to free trade and industr
the Liberties OF the country, and especially lin
trade, commerce, and prosperity OF the Southern
States-tl'at their direct import and export trade
once so fourshi,g, and conducive To- their gen,
eral wealth and prosperity, was DESTROYED hy the
overwhelming power aud influence OF it's cuni
tat uiu by the :unense credit and fesout ces ,,i
the Government, and kindred system of puI
t'al and unconstitutional legislalioii- un EN-
Ployment the State Banks, as fiscal agents Of
the government, IN any shap", must be eve,
more dangerous and cOrruptirg than National
one, ami necessarily productive of the saIne ei.
fects on our Southern commerce. since the great
credit anu resources Oi the government wuuiG
ncccssarll, be absorbed aud In0nopolized b, tie
Northern Lanks. and defy all cfarce cf; fair
competition OIL the part Of the Southe. ones, q.
southern merchants and thai the Onl, etit c,,:.i
and permanent remedy Tor these evils a,ic the
commercial embarrasI'ens and dist, eSses o IT,.
counry. Is an entire 1,IvoRcE 0fMe GOVERNMENT
from all BANKS, State or ftderai d return 10 the
true constitutional currency & system now ter
mea the onb-lrcasnry System" rs evdeI ly
designed by The framers of the Cous.i,ut OH and
flrst IN operation after IFS adoption till the COM
blned power of the Federal party and Bank
wealth and arlstocracy of the country, trum,h he'd
over the Wise and salntary provisions of that Sill
cred instrument, and the great rights and inter
ests ol the people 1t was framed to protect-,liat
this system IS not an "experimcnt." butan old and
sale method sue cessfully practised for centuries
by the most enlightened and civilized nations o.
the earth, till the rapidly growing power of the
Banks, Chen an experiment " enabled hem
TO raw within their control, md wirid to their
own individual profits, the immense credit and
finances OF fGovcrnment-tat so far from in
freas'ng the power and patronage of the I'resi-
dent, It cannot under any rational or prbab @
organization ofthe details bu, decrease them. to n
very great extent; and while the future Interest
and ciiaracteE of its advocates in Congress are
deeply involved la rendering those de,aiIs rs pcr-
feet as practicable, and the whole system as snf,
efficient, and salutary as human wisdom md
foresight can devise. the continual and entire
power overit OH the part of Congress- and the
people, ESQ wholly unlike an arbitrarily indeuen.
dent National Band,) would always afford the
opportunity OF rect,iying whatever might be
found erroneous, and improving upon all that
should be beneficial-vea even, of abolishinp the
whole, iii' should dlsappoint the expectations Of
the country; thus lappIiy and properly kcepinp
the great mouey-i over ofthe Government i'm the
hands oi the people md their representatives
instead OF madly and unnecessarily surrendering
1t IN the hands of few irresponsible private il,
divduals, to be directed, wholly beyond all ,op.
ular or legislative control, according to their own
selfish none y-InakinS and pOwcr-srekuo inter,
ests-th;t instead Of derangng the currency.
Will OF all things render II settled and stable. and
secure from futIre experiments, since it will
separate It and It's commercial relations from uol;
tics, and deprive future Presidents ofalf mower of
interference with it; while, from that deepy-roo,
cd hostility to National Bank which is co ex
tensive with the Re 'ublican party of the Co
federacy and, commencing with the existence of
the present Government, must continue in al
probability to its end. there can he no hone of a,iv
organization oi the currency. bv such a Bank
but what must be greatly dcrnngcd and broken
up IA ut present, whenever the period ol its dis
soiuuon arrives to say Othtne OF its being aIcaus
necessarily dependent OH The fortunes and specn
iau"ns OF fprlvate eindvihuals-tllaithe Sub-Trea
ury system does not aim al the establishing of IAN
cHci..sNe metallic currency" but one of oily
about ten millions Of gold and silver. 10 nbont
Jour hundred millio' s of Bank paper, since The
receipts and disbursements of the Governmcnt
will require only about the former sum. while ,ho
Bank paper in circulation amounts fully to the
latter, and probably near one-fnurth more-,hn,
it will eifcctually restrain the alarming and ruin.
Gus tendency ofthe Bank to over issue; cons,rnin
them to keep thcirpnper mp to the standard value
of the specie currency; ins;ie their i,nmensc in.
fuence every where, in behalf of low Tariff duties
4 limited revenue. and economy in the expenses
ofthe Government: and thereby completely settle
tho Tariff and other distracting sectional qucs.