Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-06-28

Enafieston have increased ofiatc, and bcncc
'i''s Po!icy Is favorable 10 the south. So il,
Il m"ch greater degree than those of phIa.
ac'pi'a. Is Philadelphia Il southern city
why nave they increased! For the simple
'1''so'' 'hht III The present dcrangcmeu; oI
.'ie currency, funds cannni he placed i'm
Wv Aorh; and, from The greater suffering
VI NeW York than any other point bv the
"'e "'.''crSal crash, one of those tornadocs,
~ ""'.1i the tallcs trees are the first TO fall,
wien u.hc must be allowed for those TO
s'ruiGhen which have been hon, and G,r :,
new growth. The chairman oc ,I,c Com.
'hi''cc OF Ways and Means tells us. ,bnt i,
was no' anticipated thai these no,cs ,ynuLI
nave SD soon returned TO this Trcnsurv-
suppose II was not. But il might haf.
oech 'orsccn, and would have been. hy Il
',i""''cr ol ordinary sagacity, or even by
'"c present Secretary. il nc had consulted
''' "'S'orS oi loimcr issues Oflllc same kind
o' i'h.'cr' he report of Mr.. Dallas would
,'"Nc informed INN, that. when tried in
iSio, tnc revenue had been collected al
'i'"S' exclusively in Treasury notes. and
would continue Ia be so collected. as lone
as as thcy arc Issued by The Government. -
Nir. Crawford says The same thiuo. and in
inc opinions Of those aulc men. such mus,
always be tile case. That if auv r vcnuc
WIS collected, II must be in these notes. and
''i't oi consequence, they would return TO
'"c ircastiry IN The payment of public. dues
uo a, rapidly as they were paid out 10 the pub
nc creditors, like Pcnc!opc's webb, undoinr
IN l'c night the work of the day. But
suppose that Tie brilliant genius of Mr.
"o'uh"ty sc"rns all AID from the lights of
Hl"rlchcc, or the suggestions of such plod
''ii2 fellows as Dallas, Crawford, and Gal.
/" IN; ana that il he looks nt all into The his.
'"'\ ~ inc Persian monarchy, il is as a mat
'c' "i curious reading, moi Tor Information &
Pf"''cAi Instruction. But, sir, is il really
necessary that The Government should re-
S"'' sT !" 'his dangerous power! 1t is not
'tre are other, and i'll every way better
n'"ueS "' raising money, by which the ne
s>"ry supplies may he raised, and most
o."'"elent elects produced upon the pros
''I ., energies ana interests of The country.
.i'"e Il loan IN the regular and proper
' p''i VI Il '"ah 'ceirc ii in specie, or bills
"' our specie ylng banks-and in sixlv
days yon will sec the prosperity o,t,,c cn,,n-
Try revive; lis powerfully cncrries now
PafalyZed ny unwisc legislation, will rise
II up asaIn like a giant aroused from his
--4A~e..alI -,
l,"' OF The Treasury notes nj IrIsc cdtfntn! rtnns
bn'h plan, create Il dcht-ncithcr creates a
permanent and funded debt: for whenever
S"" arc III funds, you eau redeem such
sock. on will save AT least half Il mil
:'"i'' ana what Is oi Infinitely greater consc-
4achce' you will save the constitution. Ii
II "d tot DC said that the stock ti,,,s created
VIII non he more valuable than Trca>,r,
notes. Mr.. Crawford tells us, that exactly
such stock, bearing six per cent. interest,
ana rrdcmablc al the will uflhc Government
.,,,l
TWO per cent. Why il is so, | shall not stop
l" show. SO il always ha, been. aud so,
;t'n Informed, on the highest llihori,y il
viii nc now. will not propose such "a
loan hrcaiSc will nn, relieve the Govern
'n"nt from the just olinm ofbringins ,hc
country INTO the con'liiioI. Let the ;I,!uiini,-
tr;'i'n openly ana ahovchourl go to the
people, lcii Them there is no money in the
treasury, that they are forced to borrow,
my III" upon IL. that if il Is no fault ollhcirs
ih"y VII! nUl be hcld anSwcrahlc: if i, is
their Iaui', they ought not to he allowed to
escape The responsibility. Ask for Il loan
say openly, and do nor wrap il up in the
""lnSirc rrctcNt. of issuing Treasury notes
VI hat individual. ii he wished 10 borrow 10
| millions, ana 10y issuing his notes in large
| sums io Il few individuals, could raise upon
| ihcm two hundred thousand dollars more
| than their face, wnu!d churse to S,Lc them
III small SUNS easily ncroliablc, to u multi
tudc oI creditors. and AT Il loss Of three
hundred thousand dollars; in all, half Il
million. That precisely is the difference
between the two plans, and we are about Ia
do i"r.lhc country what no sane man would
do for hinscI.
w"ni'l receive payment for the stock il,
the bills Of spcci" paying banks, or in spc.
cic. Let portion of the stock he sold il
| Europe, ami serve us Il conduit to bring in.
To this country (noI by n Iorciug aud uriti
clal prncrs>) portion of that specie, whici
The natural condition Of our country and o
Europe, and the wise policy ofthat cnligIi
rncd nation, upon whose commerce We
have been waging Il barbaric war, is dis
| posed To send here.
These Treasury notes give no perma
ncnt relief. unless rc>suabe.
They are paid in as fast as they are pai,
ont, and if rrissuabic, you conv.r, you
Treasury Department into Il Government
bauk OF i>,nc and hepositc, and in the trans
fer Of its funds necessarily of discount too
EurJ,,,I nuJ v'c,ur