Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-08-30

grea, merit, giving il in this respect II tlcri-
tcd preference over specie or bank bills. If
the Government were TO use Bank bills be-
sides being precisely as cps'lv Il medium as
specie, il would expose the Govcrlncn and
People to the hazards of hank insolvency
or bank Suspension. Moreover tho ,ra.:...
mission Of iiuds from one point 10 another,
which is veryr harra,ng 10 lie banks ;,n,
disturbing 10 the exchanges, where the
Government uses bank hills, would rro
durc no such effects, where Treasury nn-
per is used. The truth j.. then. thai The
question comes tn this. shall the people Of
the U. >. use Their own cre.iii. wi,rh costs
them nothing. or tia, Of the Bank.. which
costs as much as specie, Us tho medium q!
III, fiscal operations ui the cunln,"n 'i'r"aSm
ry! Il his he the question:. as | ,liinl il is.
no pa,ri,I can hesitate in deciding it. 10
call this Treasury PAPER continental mono,
or French aSai%nn.' Wuuli r it:,,'iv rc:-ar-
,Icd as an nhsnr,!,y, iii; 'h:;'l moi hCcn don,
hy II man Of Mr.. Nci.>t"r's character II
the Government were to attempt tn make
. th, paper Il s:hHli,ul" for revenue instead
of the mere medium OF collecting il. hv
maxim" it The mrHms Of c;lrciimc a rcruln.
ncni lean cve, Of % III 81 millions. il wuu!!
necessarily HCrrcciaIr; rs II will carry M
interest, ana would be justly liable To the
portion q 10 lis excess. Tie Trc;,.i,r,
lSiiis Issued ~ tie extra S'css,o,. nn,vji,,
srandiuo Ill the nupairin;ic rtInll< of the
Banks and Of mere party politicians TO he
prcCiaic ,l;cun. pcriurmr:t,!l lac functions ola
Treasury Curr"ncv perfectly wen. These
mites were paid nn ii, Iii" ltSr ns,anr,, 10
tho public officers and public creditors. pi,-
sel into ,ti" hands oI these WHO had to pay
Nancy ~ the EHvcrnnGni ~ iil"::r" h;,rh
mo Tho Treasury. About six millions; ,,i'
them. ,tiri;, performed the vim!c uncr,
ton "fco!lrc'in" an'! 'iis;,ur>ng ;!;,, rnvrr
ne. Since The attempt Of the New En-.
lanl rcdrra.is.s 10 destroy III" credit Of m,
Cou"lry Ivy hcnuun:inc IL; i,.innrai auI ;.c
lini.,us those WHO would !ruA r,onrv ia ,,,c
Government, kn"r never witnessed any
thing III the conduct cf any rarv marc &C
voting 10 my sense ui n;.;rin':S.n. ,.au III.
c!itcts SYSTEMATICALLY maar to 'lrnrc"ia.o
the credit of The Treasury Notes i.>,,rl -,
the extra session What shall we tii,,, az
the patriotism uf .ucn. wll, cn,'l nu',,:rs,.
express rhci' "xuI,aion ,!.a, tie ;yrc,lrcn,a
bic paper Of Banks WAS arovc tie ~. Of
government paper! rnlitirans who l,avc
placed lhci, hope Of advancement upon tho
combined innnencc a.! ihn banks. or hnv,.
Invested their private funds IN ,.,r,n. ,rcru
TO regard III" interest Off pron!c y, Iartre
as Of small consequence when il GENES i'm
coniiict with iiaI ui l!lc hanks. and ,!;r rc.I
Srnunhnf the opposition to 'rrruSurv nannr
- - '"'' !" s'''e'>'''', - '.'" '""'" ~" rs" of
,"'n n,, p'i'.,. '''' ''"s "'''"S '''' h''l '"r
~" ,''''''" ''"''.
,r.,'..,,.' >''n In,;>'''",:''i", "Nl""'inn In
H., i,.' r''i.' "' "i'."hh''"'. S-urr'v
- :. 49,. ''' 'c.'',' an' 'h:n:r il
80, L.;., ,.s =, rs ,'c''S' even u II
G f;.n' ysi,,a 49,, t"s' t,.: ''''V nrr "' n"i-
nEa np G;,r,,, ~, "i!l nc much
(, ,l-ss nnk
! come iliose who n, 1ifai,, ih, liz S,sn,
Z nent Shout! receive LgpE nrnnr in ,l;.cI .,rn,
ofirs dues. 10 ,!cnv lis rin,, IN rcco;,.o =,
( G;ra rnpcr Tie only In,rsr cvcrc;s.iI,
The government would be ,h, ..,rc,,,,,.,,,
receive the pnu"r lis w',olr y.!.n ,.,,,,,
be derived from this It's rccci,, Lv H.,
public officers and crnt;,cr; vii, h ,,
1arv, nnhnr cour,r no nl.irc,;,., c,rl ,,,.,n,
To il. nv those who have c!1u,rci :, ,,,,.,i,
against PAWN. these .nycrumcr, ,:,v,:,o
in specie. They >houl,I r.:!,.r s,y .nI
consistent, ..!ci them lake those 'i'ro,.,,.,.
rngs, ifihcv choose: bank pnIrr !. IN, ,-n,l
for ll,rnl." The objection th., ,In.c ,ro
bills Of crcdi, and Therefore. ,:,co,s,;,r,;,,,,
all. iswithont even plau,ihi,;v. 'l'hn &, ,,oo
only are prohibited from i.surn lii. ,r
credit; obviously hrrn,.sn il wnuii ;r,o-rnr,,
with the power of con"rcsS 10 rc.u,:;. tbc
currency. The phrase .'l,ilis nf ,y..,,,, ,o,,
conveys n technical idea which can 0u',. '.c
understood hy rC'crrin@ oar revolutionary
history u meant precisely tie hilA, %:
credit "' 'lAt ny AMI n"'!!nr ''<r. Our