The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1839-09-12
COZ WHITES LETTER ON THE CUR.
RENCN.

York Evening Star, viii arrest pablic at
tenton. The sutierings of the People, a. .
ris.ng from the arrangement at the eurren- I
cy. are beginning TO appal the stoutesi
hearts. Things are getting more and more
ealanged. The evil is all pervadmg.-
The long nigh, Of delu>lon will he succeed .
ed hy a DAY of reason. But the ordeal Is
a severe cue. The people, whose jealous
ies andpasSions are cNc,ted by demagogueS,
DESTROY the main spring by means Of
waich the currency was regulated. All
has since been ia confusion. MI viii be
deraRged ualll We are cnred oi our propen-
slN 10 Try experiments Col. White
aims to restore the the healthiul action Of
public sentiment upon this great question
al cprrtacy. He brings to the discussion
81 Il much experience, and enlightened IN
Outstanding. and an elevated sense q duty.
H> letters are well timed ami cannot fail
we ghlnk. 10 awaken the People 70 keen
aud searching investigation ot the causes
which produced, and have cntalled Up,n u,
the manifold miseries Of derdnged and
tluous currency.-4l. EreHiag JearHai.
S,kArosA SrklSGs, Arc ), 1880.
Ms nrsz SrH received yoar letter Of the
aa,h Jalr. from thc White sulphur Springs, aud
rrrrcl to learn that - maRy az cur irenas have
besB desalaed IN tbs Socth BY the arrangement
s4he exchanges and pressure Of the times, tom
visiting ,i,e~e resorts OF health and plea .ure.-
The picture yoa hare drawn o. aEanciAl DE-
ranrtuacnt ard commercial depression IS truly
a. .-minr Ioa ask. Wben are ue TO have an end
al these things | answer, only sikh the end Il
THE Administration, and Nth the esiso.ishuit II
O. n4usnaI currency TIE pressure has 81
rea2v rvsehea everv class except tna saiar.e- oi.
fcrrs q Government whose income Is enhanced
Is the 6smlnaiion Of the reyenacs Of I'll Others
II shls coauiry > directly CT indirectly inter
ss,ed in cosneseree ard II d. gu or domestic,
theu j. a soand credit system absolutely lndaS-
peas.a!s far ~ rovsrnueat and prosperity. Il
Is tie constitutional Gaiy Of the Federai Govern
Enet& 50 encourage and establish tbs safesl So
teu O. credit which its "a qerience AID wisdom
can sso9'y. In fbe present coalition CT tie
mercantile community. ex verlenee mas shown
taai tae n-osse sll resort 30 iae hest credit So
ben fhey r2n ottain- A.. classes have ascc. aad
AL rantEae q etrp'oy yety Iuteruf reQre
sentative OF pFopsrsy and elpiei, whga nc t-.ster
ea- bs had TIE hssfosy 81 taiH glastsrs .s..y
Illustrates ihgs A eoantry wI;aoli -ooi car.
rency IL Lac ;srtzseni rvcr without BOATS o,
trsZEss II a1ssaEe c1a B. 4-eaved ig- th- s4fe-
u 81 nsr e hose t.l4u-ss eollre.s them 10 cross
and rscslss. Il unzas 20 - done neT sheu.a Any
eama.4sa wso. eg' hey experter SWIMMERS, aft'ef
2rers, x = za- isa -ta q. lima eu1Aars tae7 70
xale eFf. wta pssser ssrs "a thc.T .aog.1srs,
thta ego1 badge d ~ l4na their ose4pI'.oa
Tls esia4a5,, Il large sre Interested 10 Inc -
tasis4aasrt ot Faal41 aslase u ms -1eonrnA-
dates of l'E
l. = "a ~ nafsre o. ;sin-s that the earrencv
4 "a "a rsa~r.s-ts fzr. ~rsFek :
frs Ssh Is .gr-- 49, tle longer & j. .gfs
faaf ez ae-- serves 1Hz ls1oE % 1sss-
fw s t T4s destruction q t.se la+s
Eetsaas tHs f.-.t.a c4raegs ~ i4sfrgc-
~ has5. alsafF Resu Is iAtbtal record
s s. rse4 IS a4fts- community, entsr-
Easing 51gs re- 80 personal p .l3lces
En3 &a4s5s.sef fsa.,e Is p.Thaps 10 etest asa'
so 1eer y 4sa-ar IS efe5s#851ant s1a controlling
e. laaf % s-fty sgzH Wen i vas discovered
tins; tas hsfA cq4.4 ~ loagrE e coatrg IA Sar
pssiseal garsae-s, S sec4ae the ear3!aal policy
c. as ~ % poser to 2es.raY & Egr ~ ear
a.tx r. a.l che aEac1I5fe cf-8soHut@ gtfpr5 ID
r-rzss Tf@ss5entaI senBne5 ttlans. the slaorat--
s. Ma-e rsealrsc 10 .r-uIesi. t8s soss o: ae.ya.
u ett Gzrt&A@e, appss1c to Ire hsGk an9 is
suyaaessvs. i agaelrsi - e fa-go En-, ~ the
narfsfe q easri46 On ta-t Is - charter Of
ghe bash x wAs, asaa1g - niaer 1-. :. osDse
ihr 81 gts 4eu AID fr9cae1inzs w@FH o1@u 70
TIA; faoa} BIS returns of e pf9eeasiugs acre
eaar-z by - easrtar % = nflte % Vi Tre1sarF
~ rn III ~ lbs srsg.a e.s0u ot co. GsgerEn.aal
and z asia so f1-e therefore c91l4 r. =
r. erF " ~ u 9sr-Wraf4 asizgat p1a8eIy
. .es w~4s1 ee4a8e C1aEre.s M ha autrs %
= insaxnsad u Is. \ ~. oassld lae g neral Cow
er9aai nsake t7aa. or x cd CIR ir iias.t
e4i t,tr kuoTE s4rg afof=sala Bot syfs T..
TT sstst tsss depes.trs vers reT.oye8. end the
pai88r msoafys rIeces u ear45a asHas e-llsd
q ~ fanke.~ oae u . II neat of Govern meat
torsvar6 ffsa tbesa 5ssAs large r4n witboai
tae a.attr IA C9aEfaa, uhlsh the ~enata ~
tss { aret StHs wst;eai 4 dtsseaii8z voice.
pTorrsaeed illegal and unconstitutional G..s
ca as hags oee4rrta xdt08' pc ERoa sage
81 CsaEvaas aaa sfs= Peoa#e fife UnItei si4te-
ak had fsea east 4ne1 and tie nt3aiti4 &C..
fnr-s required by tas chariot regularly m4aa.--
fraea the fao'Ber' 81 tta destruction Of ne tuk,
aad tg rprt-ls4oa s hien 10 1~ee3 q assao u on,
t. e71aftses 2 tla co1atrg bs. Gradually ty-eu
Tfsalng ra--- and Eorae. And every dafsEgc
rreff " it. aesaees falls NOR. H-4giF upon Toe
sag.an stern Sis,ss tb4n o'aer gort .oas Of tie
Ual5n + sas s45t IS one mat ehass opinions
hsve unheppy TOO great igaaence the
sa,lt5aefn n tes that the Blnk q tae CITED
States had a tendesry 70 create Capitalization p
tAe exchanges Tbis pronalgs'ed rom tic
dtf-ei hostility that eminent poiiiesag bad t.
New York and Ae# y ORR politicians +, % Gay
THIS sbs8rddy rendefed 81 eonspfcu0ps by
VII: hsN oecarred siaee that Il require re.
tuia'lon. II Has fhe interest u the Bank VI the
L. sfatez. N Sustaining an extended circulation,
10 keep down exchanges And they we're thus
enaAed 10 transmit f1nds from Boston to New
Orleans a hslf pr cent bat al this tinse.
wisen tins basnsss - ii The hands Of ioboers,
brokers, Insurers and ~ change dealers. corporate
aud inoiysauai that ceHffaii:aftoh - much de.
preested has been pgodgcea ia Wall street IN IL
mos, odIOas oppressive, unsafe. and rFesponsi.