The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-03-21

n saHsaF -
c.,.lina, December IL. 1858 sn the R-ss-
Islisas Of Instruction. 10 our senators in
ceagEess.
coaeladsd.
Bus sir. the paramount and greatest Oh
;se,,an % this system. 10. that il requires
I'D and silver IN be paid by III deblars
II The government IN paymrnI Of thr
Vvblir iues. Nav. SIR. IL we're dispas-
81 % compromise nv opIhians for he
ournase Of settling this malier. vet while
he |, .reie clause - retained aud insisted
.,an. \ never could consent even 10
entertain the proposition. liIs contrary
4, N IanneI usage. aud will unsellIe and
J..rr.ngr the whole business uansar-
,,.n. Of sorIrIy. There Is only 81 much
spsrle m 'hr world: this. OfilsrIf. dlsean-
s.e,ed With the system of credit which Is
based upan q. y nol sulIir1nl by lwo-
Ih,rd., to peSlnrm The COMMERCIAL bushes.
IL tie world. This specie. acrnrlIng 10
pnnriplrs - c~rlaIa and unening IN Iheu
nature. q. those laws Of physics which
eanss wsleI To seek level, or slime O.
srsstt.le 20 the Earth. will diffnsr Ilsell
,araughnuI ~ commercial cnunIries IT,
due ,sr,pnrInn r. Iheir telanyr cuisines.
ant their arighl IN the scale Il caalmerer.
AL hrnrver S''u dtaw an nndue proper.
, ia of tt" precious metals frum one c.,un
try an saniher. mnfe than i Ieqmted by
,ae ranmercial rrialhns rxIst'ug betacri
THIN. tcacunn will - ceriaiuls lnllow.
- elfrri itllnSs cause. aud cummrrrial
embarrassment - Ii.s ineSiahle result;
lM tie republic ol commerce. like that ol
letters. - one and indIsisible. II inakrs
40 difference that countries NAV be
separated BY rolling oceans or e,"Ud esia
mountains. II they belong Z, tie gfra
commercial family Of nation. their inIer-
e,ls are ss much Identified ., rrlslian 10
cnmmefce. and a. likely 10 b. af.rtrd.
one by = arrangement ii the curr' my al
another. az Il The whole commercial wnfld
vas consolidated Inta one vast empire.
Sir. you might as veil ailemp To ,ie.Irny
the influence III the glnriau. literature ii
Eaglani. a. nf her cnmmerc'al srgula.
tons; Won nighIas veil attempt :" ,lestr"y
the power which ia exercised "ser ,he
public mind IN this country BY the burn-
Iag page. Of SSu, Byron. and Bulser.
a, to avoid the Impulses which are given
TO commerce from that great focusoi the
Commercial world.
Taking u Tor granted. then. that we
canna. ab.lrart from other nations more
than our prapOrIiansle share 81 ihe
precious metals without disturbing tie
kaown laws Of commerce. lei Us see what
is our condluon.
II is. believe, generally admrneJ BY
the most skIilul iinaueIers ~ nuT e"untry.
that al the specie IN the county dues nn'
Gall SHIRT nc 90. NOR exceed 50 millions al
dailafs--whIle we employ shuui $50
millions pf capital to do our business.
Wei, INV. suppose lha, the rstahIisl..
meni Of this system, as ronIended iot BY
us great progenilor L. II Brnlnn--lnr
! insist. that he - :" lls author, - pi"Jec.
tor" and would. no doubt. wis.,, 10 br It's
d" final executor" but that Ne has ~ .
measure been supplanIed BY auo,lier--
suppose. | say. u should ultimately
.urcepd IN brushing all paper from
cHculailun--must nal the prIce of every
article TALL in the ratio OF $50 IL s0--and
would nnI bankruptcy. wTeIchednrss and
rutn follow IN us train! Even admitting
the scheme were prscucable, aad tina,
that result would b. beneficial To posIerily
does any one believe that the present
generation ought TO make SO great a
sacrifice for that which is To come. But
admitting, on Tie other hand. as contend
ed By Others of lis friends, that its objecl
Is not To destroy all paper. aud will nu'
be the result. suII The abstraction Of al
leas, 30 millions Of specie from the bust
ness capital oI the country will be the
Consequence. and a shock 20 credit and
a revuisInn ia trade will necessarily
i"llos, which will agItale this nation from
us centre To its circumference. Perhaps
gentlemen will deny that u will abstract
that amount ol specie from The business
II the country. Well. now, sir, has this
Standardization shawn any disposition Ia
eur'arl The expenses Of the government!
ila they nut cnnunue their wssielul and
sxttasaganI expenditures Of the public
money, although your treasury - bank
rnpG Aud | insist. that all the money
h" is required Tor the expenses 81 the
government. when under the control and
m'uageneni uf party known to be hos
n'e IN the Whole crein system, VIII De 81
t'' nncrrlain and huctaa,Ing q characle'
r1a>nmie basis for any permanent
'-kn. TIA .sscuuns. IL will be " her,
l. ~, aud gone in-morruw. IL can d
"",~Grrred al auy mr,nenl from one plart
- an"tHrr, whenever the Secretary ~
1i> gteM Wtsdnm may Ihlnk tile paollt
'nt"re<trqmres II. Aud u checks drawt
u'"n tie iepnsnares should ulIIma'el,
become the medium Of payment I" th'