Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-08-08
From the Charleston Mcrcuru.

THE CIRCULAR.-If The planter has
cotton to sell and the manufacturer wants
it, they can trade without bank interven-
lion. Ifthe Bank of England depresses
the price manufactured cottons-so that
to pay high prices for the raw material
would ruin the manufacturer-can the
planter compel the manufacturer TO ieh-
er prices by holding back his ,crop-or is
he not hound and in the end compelled
to share with his customer the evil of the
Imcs! Besides. no combination here to
piuch the manufacturer, will bring the
Bank of England to terms. Are moi the
planters safer in doing their own business
and selling their crops as they come 10 mar
ket at the current price, than if they made
Specializing corporation, or combination
of corporations, the controllers of their in
tercsl; LIE, them beware Of making them
selves slaves in seeking deliverer. Let
them retain The management of their own
business.
So long as America is the debtor coun-
try, she must be subject to the fluctuations
which afIec, her creditor. In the end she
must pay. If England is embarrassed,
she must press her debtors. She cannot
lie expected always TO be shooting arrows
Of credit across the Atlantic to find tie lost
arrow, as our banks do. by lending more
largely with those whose sinking they
dread. England will moi go on the sink
or swim policy with US. Shall we therefore
embark, sink or swim, with all our specu-
Lac, I l, IL
ness, and let those only who make
haste TO he rich, experience the wo pro-
nounced against il. Ii is inolerahle that
the haste of few, should claim The
right 10 put whole section into jog
trot. The old merchants and planters are
resolved TO do no more than their regular
wheel work, and will not be tmted out by
the .iockies. They would rather laugh
and be fat than fuss and grow lean.
New CoTToS CIRcULAR.-W receiv-
ed Yesterday from the South. another Cot
ton Circular. which the reader will find in
another par, ofIo-Iay's American. twill
be seen that The attention of the planning
interests flhc South has been drawn TO
the existing crisis in commercial affairs in
England, and the course pursued by The
Bank of England. Whatever may be The
motive which has induced the present
policy on the part Of foreign capitalists or
institutions, it becomes alike the duty of
The American producer to guard himself,
as far as practicable, from the operation
of circumstances so destructive to his best
interests; and we are free to confess that
we can see nothing Objectionable in the
plan suggested in the circular, by which
we shall avail ourselves of domestic in
stead offoreisn credits, in disposing of the
products Of our own country. Nor is there
any thing improper. so far as suggested To
US by first impressions, in ef1ecting, lhro'
the agency of our own monieh Institutions,
independence of financial movements on
tile other side of the oceau. over Which we
can exercise no direct control. The ad-
vances provided for under The arrange
ment, will, as tile circular indicates, be
entirely subject 10 the voluntary accep-
tance ofthe planter, who will be at liberty
TO select this or any other channel as he
may thiuk best. Ifdoubts be eneytained
as to the right of the American producer
10 take such measures in tho premises as
shall insure his own safety, we can only
say that we can see no .plausibe ground
upon which they can be based. As well
might it be said an individual has no right
to Withdraw his business from factor in