Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-12-12

borrow ell money, or upon any basis other
rhnit> clear receipts and good faith profits.
r, R,soiued, That ifi hp mol usnrpa,ion,
ii is al least al abnse Of power. on the part
Of the Legislature, to tax the citizens for
any but the unqueslionable exigencies and
expenses of the country, and that most al
liances brIwepn the State aud any one
class of its citizens in trade or speculation
results uuil"orably tOlhat wholesome com
petition of other classes of the community.
lrnm which the people derive many Of
their chief securities.
Adjourned 10 6 o'clock tomorrow eve-
ming.
November 90,
The Convention met according TO ad-
journmennl.
Geu. M'Dutfie, from The Committee Of
nine, submitted report, adopting Com
slitutnn for Stale Agricultural Society:
also. series of Resolutions. viz:
lst Authorizing the President 10 emu
merate CummiIlees, also 10 appoint a
Commttee to select The hest essay Oh The
cultivation Of rice and cotton, respective.
"; zach of such ESSAYS to embrace
complete manual Of ofSuitable size, exhibi-
ting the whole economy Of plantation,
compreh. uding the management Of me-
srops, rearing of stock, and improvement
OF lands; and to provide suitable preml-
un for the same.
I'd. Appointing Committee 10 me-
Innrialize the Legislature, to grant an anu
al donation of the sum Of five hundred
dnlars, for The three years, 10 aid The soci-
ely in providing its premiums.
81. Requiring The members of the sew
eral Districts, to use their exerions 10
have local Socieries formed in each Dis
trict, aud that such local s0celies offer
premiums for The hesI managed plantation
in their respective Districts, &c.
The Committee also reported on the
resolution offered by MIR. Fielder.
They deem it prudent to leave it 10 or
dinarv Legislation, with the confidence
and hope that they will gave The consid
era'iou which It's importance il demands.
The Committee also recommend the
following gentlemen as officers Of tho
State Agricultural Socieiv, viz
His E>rrlency PATRICK NOBLE, Prcs't.
WHITEMARsH b SEABRooK. V President.
WHITFIELD BRooKs, do. do.
w. X. CLuuSEY, do. do.
JAMES GREGG, do. do.
B. F. DUNKIS, do. do.
B. r. CARROLL. Corresponding Secretary.
r. w GIBsEs, Recording Secretary and
Treasurer.
Gen. Geo. M'Duffi", was appointed
Anniversary Orator. On mn,ion OF J. II.
Hamnnni. ESP.
Gen. MrDutlie then moved The consid-
eration Of the Constitution, clause by
clause, which was agreed to-and the
resolutions separately. which after somo
discussion was agreed To.
Mr.. Brooks submitted series of Reso-
Intinns in relation 10 the multiplication of
Banks within The State, substituting rerdit
for capital. To three times The amount Of
the latter--thal the rninous practice by
manv of exceeding their chartered limits,
frnm five TO seven fold, has had the effect
Of changing The currency from gold and
silver. to paper. substituting, for meial-.
ic currency Of permanent and intrinsic
value one. Of paper Of uncertain and fnc-
mating value. That another consequence,
no less in inrious. produced by tho procli-
gal issue Of paper currency, has been The
crna'ing Of rwn standards of value in the
markets of Europe and this countrv.-
Thai 'hr lepalizcd privilege Of the Ranks,
aud their prodigal use il. mainly ron,ri-
hnreh r. the rniunms specnlatinns whirh
have characterized The present age, and
MI thr Accommodating evils e Bank sus-
pensions. The fall in The rricr of tn crea,
sianl" Of the Southern States. and The
paral'zrl condition. Of trade. That The
nrlv hnne Of rcliefiS in The anticipation
on mild. gradual. and iudicious reform,
in the currency Of rhr State. by that de-
partmenf. 10 which il is entrusted. That
The highest rnnfidrnrc is rernseh in The
wisdom and na'rio,iSm Of the Legislative
department for The adop'inn Of such pro-
visions hv law ne VIII effect wise, safe
and gradual reform. in which mn short
sighted pn!irv shall hp rrr,nirrrd. thatmay
tlo iriu>,r" 10 these nsilninns. o. vio-
lcrcn ~ 'lr evisrins rc!,'ians of society.
Thu, nnr rhi"f dependence should he au
in fact nnst he npnn the efIhrts 0fthe Ig-
ricnltural community. to work ont ahcir
own drIiveranrr: hv united and 'armo-
mons action among themsclves..o inirn-
duce and en- orragr improved hethods Of
ferrilizing The soil; which W read, and.
on motion of Mr.. Brooks laid ON 'hc
table.