Piney Woods planter., 1839-11-23

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A Word 10 he Pr5iuciag Classcs. -
When, in the language ot th money
dealers. there Is a general drrange
ment in the currency Of the coin.ry,
and much distyes, ia pecuaiary matters
when hal! o. tse banks in the uni.
ted State. nave refused 10 redeomtheir
notes with specie, and the other bali
threaten to do the iike-and when the
mechanic, tic farmer, and .hc laboring
man must pay large discounts on ,ho
paper they arc comp He'd TO receive for
their goods and the products O. their
hands, before they can make il abaIa-
bic as moneys ii no. proper time
for this pant OF our community 70 Ell.
quirc why it is 50, and to ask w,at ad-
vantage the banks ilavc conferred on
them'
The banks have, il is true, thrown
ont upon the people larg' amount oi
imaginary money. But VI al niorc has
this done than 10 enable the rich spec.
ulator to Increase his already over
3 grown store BY doubling and tccbling
the price of property, without onhanc-
ing its value? The. m, chanic and la
boring man, however, are told that now
while banks and hank bills pervade
the country, they get twice The amount
for their services which was given them
in former times. This may be true,
but can they lay af the more? Ger
tainly not. For they must make a
great discount from the money they re.
ceive before it will pay for the neces
sarics Of life, even at the doubl; price.
and then the rent OF shop or dwell
ing is more aan hl-. ~ t9s sp g.
ulator the land Older an3 re moa
dealer are the oaB gtlnnrs-yni'. al
producing classes are losers. few
banking institutions might he tole'a-
BILE. as kind OF necessary evil. for
commercial purposes, bat thair ua.nrai
tendency and Hd v.,iug rol,>- j. %
make the ri,n richer. aHd ,hc por
pooIer--to create u broid distance be-
tween the condition Of a few very rich
and the mass very poor
1t is an expressed opinion, and we
believe very generally b Iieycd mat
ter OF fact, that th, banks of our coan'
try, taken collectively, cannot nov pay
twenty five per cent OF the amount Of
bills they have il circulation. Wei
may believe it, for the bullion neecs
sary to redeem them would be almost
an incalculable mass, but a fraction Of
which is in the country. The specie
which we hay, bad, or might have
had, is now gone to England to pay
for the broad-cloth and lii.cI worn by
our silk stocking gentry who are and
have been paying those wha labor ioy
them with their promises to pay-ofI
which they arc conicssedly unable TO
pay them more than one lohrth part.
BY an acconnt otiieill', @mtn lin
from the British go.ernnaaGli aPp afst
that the value OF t,leir expors 10 tte
United States in 1898, amounted 10
ninety millions dollars and ttiat from
us they have rec iy1d good u cx-
change 70 the amount Of sky millions
dollars. Nle bdtnce of thirty mil
lions dollars -lel exact in moncy--and
this must be IL specie.
Who then are the importers and Pnn-
cipal consumers Of sirlish goods in orr
country? Why ,hewhigs British ~higs,
to be sure. And they have a right to
walk upon British carpets--slcep un.
der British porcelain, with knives and
forks---drink their wines from British
cut glass---and parade the streets and
public places shining in British cloths
and 6nery, If they please! But have
they the right TO purchase their luxu-
ries with their gold and silver, at the
same time they pay the farmer, the
mechanic and the laborer for the ne
cessaries of life with Their worthless pa
pert We say, Lo!---.Mew Era. Y