Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1838-10-02
From the Gsofsia .Ncssengsr.
Banks, Currency and Credit.


l. Cipitai -mnnrr. mediterranean when an aivsed.
To- l4b"r saved consumed iiid up To- b- rnpuy
I'd isciiatng iiutr labor, aud rendering more
productive as wI,ru savage builds Canoc,"r Boat
"~ nrf 81 ava engine Capital ther'i"r being Htcn.
iu acd labor, may always hr rendered productive 81
n,ut- wealth if cmlln,rd Tor that purpose with ra.
.puabr foresight and xii
Hsaih Is any thing and every thin. that can IN.
mldr pniribn L. tie nccrssarirs the comforts i,.
eonvrn-"crr at hun'an e1stcnc- whether IN greater
or lrS. drgnr.
CagNd Is whttsvrr can comm1nd the use and em.
81 Nw~"' oi labor. lis productive quality owing t.
this property
Csptal spprats 10 the lnr.n Of the precious mr..
ns IN al ,'r forms Of real nnd pcr.al pr"Prry, a..
10" f'rms O." evdrnrr 81 debt due. and every ,,p- eft
paper currency To- which public estimation has affixed
a. appropriate vaiur.
The chimctrrsi'c Of Capital under whatever form i,
app'"fs Is ITS oaP"fdy u employing human idior. and
'mB "ytH. PT0dHdtr,'g. hairv-r ~ sup,r!prus The
nnty I"ppfiani function al capital and is practically
syn"ny H',us with Capitol
Cap TAI mas br considered the average prodnc
IA. two rgtl interests To- the up,Iavr rmpio,cr rn
pa een, ia In gland ~ - per cent ia the United
sthr,.
lhc crrdi,sys'rm nf TIC United States in particular
lthfnsh following Bnusn example u tar nr-nrt TX
""i regards SKIN IA tnsrn"s whrn accompanied by
dusfl rugali,t. puncualhy aud mo al oi,-sy ~ cup
I'"' "e'hsr when ." accompanied aud not otherwise,
II may safely h- irghtCcd as rtndnc I've ni wealth
TINS last rirnrnt If capital Is hardly known ~ PM,
|" usr aiming n".nry l-nd,rs The cuniinen, al Eu
T pc ~ Il Cautiously rncuuag-t IN England. where
vr it's q
c"uf"2rin"ht r,iil, c,tc"nant vidrnr- of 9TH
rr Trims 81 ." Prtiy Ice qu,r.d that enuu
wy ihr INDUSTRY Il the P"r Is mote encouraged in
scotland thihin South BtitIn. The rrn-rsI and ,,uy
itr'n'li"- want al cIIcnains uadum cur,rnc, ~
ihe uhrd states, has rradu,ty aud fnriun.irly
df'"" Us mi" the plan oi mutual c"uiirncr the M
dustry aud I""rsy OF each ihr, aud con vrrird skin
cnnb,nrd with integrity IN bus urss, nck nnu
'ds d ahd available cIpt,l, wireon the pnss-ssor ma
e""h''iy apply to lbs rciehlur, nud stk Tor L
poiHrt loan al money the ianh # A.
lac CTt1t tsN- B,ul his =. r.
"hg 'tirn universal observation auung rs who has
show" that sail IA LnsIn-ss. H6c,uDasitd By boLs
d"''rg "gndy, and hoors ,, aud snccr ssitl
means 81 pI"dh''"g wealth M certain ran,tnl ia
any other "rm aud my ti-r-nrr lr sal, ~ cuunt
upon, aud trusted Herr lh-irinr. We posses. new
'st extensive" aud pr"du iy" form ,i capital; " here
%" "ih' may D. pfudrntiy v-ntr-d by s- in b,,.
''Pl', CT, DIT I" l"a" Long continued -rarci,y OF
capital In"picI~nt n nuur nus snd inrrras
ing wants 81 an ehi"rprsng I-npi- ~ new cnu,try
has gradually iHc"d tiis si'n uon u. of uhich.y
''f tr'f '1p-i"uc' proves III" safety and the vne
and r"fy y'afs experience als". points nat the, ,r-
CAUTIONS " cessary 10 guard against s ,-nia,ious aud
tap. rirCtipns
j. In France. nnG-r the I'D regime if yonno r,,n :.
iafr"s h'qn'aihrd Inn 3tC0 L"uis Tor h- bought
'"'iqnsatr aud law tdly nf the ,wrr ofdrr of
NOM SIC la Englrnd Young man witt, f!uOD w,.
usually put by his pafrui. nr "a ,,rinns A. aI,,,,, m
J"r'r tn'r ~ sinr rrsp' ctat firm aud nindually
'"s 10 'hr dignity oi souur piriu,r Hence the de,
''h"d sn'Ni'"g~ about lradn. concerns "a En.l,ud
"'rr Trade "ss honorable and The qirn ,ucc
81 a1"g pa s"iir ~ that o.ur'rv &c -, ndv Industry
I'D pta'hc"l 2""d sens" Political .qn1y has prndnc.
I'd hAr i"-"g among - r.nd. fIug ia, h., st u,
- "i wealth 80 c'ssa aud hnlnfaLi~
Va t"g'amd the conin"n ino,.r ( usyo,ui cr
'""' Ih'' "isrd 81 ""tchauis, IMP ftrfs and Hisnu
'''''''' - oy one e" tW" mouths tii. with a dsc,ant
30" P""h p Heut two months oili b-ing CONSIDER
4. cash o.
On cfret # or c a'-u'hs thra pa,a.i- in bla,
=" r"'i'' g" tir mp ctah' h.u.- ph.ch can 4.
ps-,ed h. he crrdt 80 ~
h'rr. m"rehhnt IN New YORK, Will trust stare
1-'l-f o." Mississippi. Michigan. living Jyl n,-.
III, - 80 u UnGiis. AID ri, m ,,,,u,.,,
al iir "nd 81 tat ,.rr,d when a., ca, t,,,-,s =, -
ora ~ nrguat c'urs'. Auihins f TIM ki,d kr,y
~ '"'"sh' 81 IN frauer "r even ~ Engand 1riup,a.
'""s 1" fraud an'"ug the 40 h- .,s.rs from ian.
p'"'n' ci~oh a"d imPrud-ft uduct tic = vii, br-
tut looN 81 the Furnishing STAT. ,i b.. .top M VI
ihAn' iPha ana Badiunfr. under TIA. c,dn s,s,rp, +
mutual c"nhdrncr "a raeh "ibr, prud- nee and hou,.
" anu ~ r'"fy AnrHcan hold ~ bss head an mid,
=" ''T~ q" tlrr- und~nisblr resus OF We. pl,,,e com,
ha~ncr -i-rN hrf- uaknawn
u II h'' '"~u "htrUdrd briwe-n Great Britsin and
' '"Hl pal '"sly aud rHuiinti~it q 10 i.cnu.. .t-
'hin'i~ la I'D "H the tfsd-fs nf isi g untty and
ar cihdr'c- 80 zach 'thef h-s gradually t-;.,,,t
mr. 'hsi 'i'r may hsv" c'uhd'nre N us lik-ai.- Al
P'Ts' "nf cifcuiu-taucrs pf,.n.r.n. tl,t ti,
se'"ai wealth at Ih- UHt-a Stats II. ,aili..,, 80,
acts los th~ cf"dt r.gnitr
Ihrr~ ar IN the uniisd States At tbs tnau.ot lG
inl ',.h' "i people "h's IL The amount IA ,aiue II
' 'Ai"'nss ur' rssafy h. msiniau 10 their fnndr t
M, - Il h1e rrisls Tat 10. Nh.t ,rt,.t h.. ,, al
hnal V,ur q lh-if Pr5dueuy- induTry
" '"Tse ~ mili'"ns - people at1ai : y nal ions
'e iA'r' f"f bod el"'hias. htiitatiDu. ana med
rinr. ibes cot i..-ii go nsr. 3 81 40 o,ii,,s . - y
'h- 1''fss" - ia; IL 100 miliiors ct duiuf. Wha,
f.f MY rntn the tnnsi be -Ipsndsd Th.re ,.,,,,,
m"h' at ~htr p-opr-af ihesr ! = n,iIl.,,
H' r"'-'' s"@ 80 many nal-,. Decuct f,f children
wy as~a aud imfrit-nt F-'."as, aud p.up4t. , a
~ i.'n' iraNug the pfodurirr unu.brf 81 u.sl. M,
hsSiAni'' Millions Hoe psuch inusf the. an, 4.
ssPF"t themselves. ih- i-uls.~s childsn ay-a snA
P.SP~f', IN me siyir and Of living seiasl
0"~f'r should say certainly nsg res thsn s,OO a
ysh ineieelng tho tnhabsnis " The Atlantic oitie,
az srs los VII ss0Sa, 10 ysun4 suass. 70 2.