Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-10-03

er of orr banks TO afford that encourage
ment, than the plan proposed. Having
always "A supply of sterling exchange, they
would be enabled to meet the wants of our
importing merchants; and having i'll like
manner large credit in Europe, they
would be able at all times 10 give these mer-
chants credit there, better for them Than
bills Of exchange.
Indeed. our banks having the control OF
The foreign exchange, wonld, by that
means, acquire the control of the domes-
tic also. aud the exchange between the
North and the Soull would I've equaizrd,
or turned in our favor.
AIler this hriel exposition Of The pro-
posed plan of restoring the cotton trade
to its natural channels. will notice few
of The objections urged against it.
A g!eau apprehension is expressed, that
this movement on our SIDE, will produce
counter combinations On The other. Most
assurcdly, the cha,ges made against Tie
Circular" and Ihc tone of Inc article,
published in some nt our own journals, are
calculated to encourage aud invite such
combinations. The: charge upon =, hos
tile aud oGeasire comainutions, n'cn ~:
proposed only To '>s"n'c II dcjensi' pys'
iaon 10 resist SUCH couI'lliltiDn> ,br".'i
and to avoid The nrccssil, nj 5 In ting ~"
markets in mou"nls Of panic or lc;n,,n-
rary and unnatural deprrs,lon. fhry
proclaim our weakness, and eXasserar
the power ofthe adversary, As much us TO
say 10 the European manufacturers, nuw
notorously combined to fnrce down the
price oil cotton, in the face of The most def
cient crop ever made, " Go on-genlIr
men, regulate the price of cotton as yuu
please, any effort made to resist YOU by the
poor, dispersed planters, will lie impolent
ridiculous" II there be either n
tionaIlty, patriotism, or truth in these
statements, it escapes NY perrerlIon. II
il rcere to come 10 a war of combinations,
which God forbid, it is utterly untrue. that
we should be powerless in such contest.
We possess the locks of Sampson. Our
colon is absolutely indispensable TO the
manufacturing and commercial nations of
Europe, and by withholding single crop.
we could spread starvation aud rebellion
over the manufacturing portions of Eu
rope, aud cause the lorily capitalists, so
much dreaded, to cry ont fur quarters. A
pretty story to proclaim abroad, that the
producers Of our annual export ol
@50.000, GOO Of a staple, admitted to h,'
equal 10 so much builinn--a staple, tDo,
which snslains nearly one half of The Ell
lire commerce of England, arc tno impor
eni 10 guard their own interests. If wirfl
such resources, our planters, hare bern fee
bic, because, as yonr correspondent justly
says, they are widely disper>ed-it is the
very reason why lhrv.shpuld assemble to-
.eher, to devise the means Of conrnlin.
heir own property. which every body es''
as been TOO long in The habit controlling
and using fur their own purposes.
As 10 the combinations abroad. they ex
ist already aud have recently carried their
power 10 the utmost stretch. They have
had to give wav. and a reaction is alrea-
dy commenced. The idea that other col
ton countries will rival and supplanI us,
is utterly visionary. said to an inrrll
gent merchant Of London, intimately ac-
quainted with the East India trade, "how
is /, that England has never been able to
obtain larger supply of cotton from her
Ea$ India possessions ~ lie replied,
",hc dffercnrc of freight alone, to sa,
nothing Of other causes, is sufficient to ac
count for it,"
Bnl the combination Of slave labor, with
highly intelligent proprie,ors, present, 10
direct their nperaions--a combination
which exists no where else in the world,
is the grea, aud sufficient cause Of thar su.
periority i'll our cotton planting, which
will forever defy all competition, until "a
naticism shall reduce us to The condition
of St. Domingo and Jamaica. | will no.
tcc ba: one or two more objections.
One writer exclaims "lel trade alone,
TO regulate irself!" and another is so very
absurd, as to consider this effort oi the
planters to place their property our of the
reach Of foreign combinations, by preven-
ling its accumulation in The hands ofspec-
uIalnrs, without capital, as gross viola
tion of the principles of free trade! VerI-
", these are new lights shed upon the
world! Because, lorsnoth, the planter,
choose to select their own agents, their own
manner, and their own time for bringing
their cotton to market, tremendous hub.
bubis forthwith raised, as if The pillars of
The constitution were about 10 be torn
down. The planters, quiet and dispersed
as they are, have been 50 long and so ha-
bi,uaIly sheared. that those who have en-
joyed the golden fleece, seem now to regard
it as vested right. 1t is high time 10
break the illusion Of this proscriptive right.
that if the planters have been picked and
fleeced, they are neither geese nor sheep.
And if any class in our Southern commu-
mites choose TO take sides against us, and
even become the advocates of the foreign
manufactures, as The extraordinary course
of some of our journals OH the sea cuas,
and the Guph, would almost warrant US