The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-05-16

slalss." says Ne, :. AMI II sold u 81 .
per acre. Ihe share or Norlh csrnlina
ssOUld Be ~oTlh sIS.434.T43. OF about
81, ls4.0I6 10 each congTessianal dis
ir.el." Now. would ash you. and !
demand Of he Doeisr. Who has kept N.
Carolina oBl Of her juss proportion Of The
public lands! Ills well known that the
administration party has been squsndeT.
ing This valuable domain for years past, in
uIIer defiance Of The proleslaiiuns OF
Wing members Of cOngrtss: large DO.
nations 10 The new states Tor schools a
reduction Of The prices 80 as 10 IhrO
q into the hsnts Of spectators and
squaIlers-illasirs;ing their policy and
exhibiting IoO plainly for e0aeealmeni,
their determination. refer for proof
Of what ! assert, 10 Ihs land Tesulu-
lions, a. they ale called. which pass
ed our Legislature. The adminisIrs
lion party voted sgainsI these Iesolu-
lions. the Wing party for them. They
asserted the claim unquaisiedly of NORTH
carolina, 10 an equal share ia these lands.
And | challenge contradiction Of the
charge. that the Van Buren, men-as a
pariy-vo,ed against these resolutions
asserting the rights Of our state. And
why las not tie Doctnr lid you This
and warned YOU against such men =
Why has he not, like > wsIehiul guar
dian Of your rights. rebuked the vote Of
his party on that occasion! Because
he is afraid Of The Office holders, who arc
doing every thing they can 10 get this
land for speculation.
But the Doctor is seized With a sudden
huron Tor all kinds VI bsnks-and des-
canIs quite eloquenIly on the ad'ania.
ges Of a hard money currency. In lie
6rsI place. | should Ike 10 know when
sad where The Doctor imbibed such a
dread Of money mnncpolies! When
was bank melamorpEOsed into great
monster in the estimation Of your "spse-
uiaiics" representative ! Look al he
political history Of this sudden concert.
and you will readily perceive what de.
pendence is ia be placed in his pro-
LESSONS. In 1920. Mr.. Marin. Of Rock.
ingham. inlroduced . bill in our l.egis.
la,ore u establish bank on the faith Of
the slats--yhieh would have been per,
miiird to issue THREE dollars in paper
for ONE dollar in specie. In defence Of
this bIll-lhus establishing a great mo-
ney institution. as he would call 1.-THE
Doctor made long speech. aud. more
over. on the passage nf the bill. record.
Ell his so:e ia behalf Of H.! This
vas done by several others. Van Buren,
men. who are now loudly decrying eT-
cry thiag like banks aud paper money.
And what makes il mIre surprising is.
that this measure was clearly uncon.
The constitution forb'ds
state issuing bills Of credit. VIVA, is a
bank Io.e, circulating as money. bat
bill OF credit 1! Such notes This bill con-
issuiag--and The iailh Of Ils
state was 10 be pledged iaf their redernp.
lion. After this speech aud such
EUie, The Doctor has the hardlhoVd TO
come forward and say that nothing bm
gold and siLcsr is constitutional eTren.
ey! Here is this hard money man adj
a bank which would have been
permitted 10 putin circulation three times
as much paper as il had specie Yet.
low he jingles the gold and silver in
your years-hnw sweeuy he sings the
hard money ssng-how eloquen'ly he
delivers tins specie homily! And can
you place faith in al these professions.
after wha. you have seen! Can you
give credit 30 one who acknowledges.
thai hardly ten years have passed since
he voted for bank which was as clear.
ly forbidden By the consultation as any
hing could be J.! But what are the all
vsntsges to be derived fran an entire
hard money currency! IL is true as
the Doctor says, that you will have a
currency that yuu can taUel about with
mueh better. bot how few Of The siea.
dy iarmers Of this country have any
10 do. They remain at home
and attend to their business, and sell
DON. If ever, find il necessary 10 60 a.
broad. II is evident tina. the Doctor
belongs 10 thai class Of politicians Who
are anxious 20 destroy The credit sys-
tern under which we have 50 long liv.
ed AMI fiourished. Suppose. Tor IN.
stance. that the banks were all sud
denly broken down, as these persons
wish, would il mol bring ruin aud mise
ry on thousands Of our eounhy The
medium would be reduced
four-fold and property of every deseriP'
lion fsll in shc same proportion. A tract
OF land which 10 now worth 500, would
then bsrily bring 500. Nor would this
be all. Money being made 50 much
scsreer. would be harder TO GET aud a.
very unfortunate debtor would have 10
give up auadruple what he engaged 10
pay. And in what country, L would
ask has the hard money currency ben.
Gifted The poor man Look at the hard
metallic governments Of Europe-snd
you can form some idea OF its effects.