Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-09-24

i - y
this paper was necessarily delayed"
From the Pittsburg Daily Advocate of Au-
gust IL.
MONEY MATTERS and FARMERS.
There is likely to be a general fall in the
prices of every species of agricultural pro-
duce. This is rendered inevitable from
two cause.-the abundance of the pres.
emf years products, and the scarcity of
money. The pressure that for two years
has been weighing SO heavily upon the
merchants. and manufacturers ofthe coun.
try is now, for the first time, reaching the
agriculturists. In 1887 and '38 this
country presented the anomaly of high
prices of the products of the soil al the
same time that there existed distressing
scarcity of money. 1t was a severe time
upon consumers, but a golden harvest TO
producers. Row, however, the scale has
turned the other way, and, although the
people OF the cities are still crushed under
the ail-peryading pressure in the money
market, they are relieved from the exorbit-
ant exactions imposed upon them by mo.
The disease brought upon the country By the
reckless experiments of the late and pres
ent National Administrations is extending
atSeIt TO the most numerous and important
class Of our citizenS-the farmers-a class
who, until now, have remained almost un-
scathed by the desolating scourge ola ruin
ed and depraved currency, and breaking
up of the most perfect system of domestic
exchanges the world ever saw. They are
at last destined to feel that pressure of
which they have only heard and as they
have been the last to experience the evil, it
is fair 10 infer that they will be the last to
find relief. Had they needed the warnings
and entreaties of the merchants and others
who stand in the front ranks of the CON-
munity, and who, from their position, are
the first TO perceive approaching danger,
as well as the first to experience the effects
ofthe storm, they could easily have arrest
ed the mad career of the men who, under
the promise of shelter currency" set erery
thing afonf, avthout The kno,oledge, skill, or
po1cer 10 direct their courses who, regard
less alike of the teachings of experience,
or the dictates of common sense, under
took to tamper with what experience has
shown they knew nothing about.
| Far be it from us to exult over the de-
preston that is coming upon the farmer
We know that when he suffers the country
is not in a healthy state, and that, if any de-
serve prosperity, it is he yet we cannot
but indulge the hope that, since it has come
upon him, it viii lead him to reflect more
closely upon the series of measures that
have brought such country as this to the
verge of bankruptcy that it will induce
him to give more heed to the past than TO
the crude dognas of the present day /; to
see that his steady prosperity and that of
his fellow.citizens are Unidentified, and that
the storm which wrecks the merchant will
sooner or later shake his citadel /; and that
he will see the necessity Of Sustaining the
credit system under which this country has
long pro<pered, and through the derange-
ment of which il is now suffering. By
the credit system we do not mean any par.
ticular system of banking, much less do
we mean the wild and reckless specula.
tons of 1886, Chat only indicated the
breaking up of that SYSTEM but we mean
that happy state Of confidence achich eristeG
prior to the PRONUNCIATION Of the mad doc
triaeS of The experimentation all the
wheels of business moved quietly and with
out iar-when the Government did no
war with the banks, nor the banks witt
the Government-when each minded its
own business, and the interests of the PEG
pie were not crushed by their rude coils
ions-when we felt all the benefits of botf
banks and Government, without hearing
much about either-bcfore Gen. Jackson
undertook to gire us "a better currency
and transferred money matters from The
counting house to the grog- shop or the Pof
ticidn'S Stump-when man might traye
from Maine to Louisiana without being
ShaUed-and when the consumers of mer.
chandise were not taxed from three tc
fifteen per cent in addition to the ordinary
profits of the merchant, TO pay for the diff
ference in exchange-when we heard nc
, balderash about gold and silver, and We
every man could have his money convert
ed into that shape, without loss, if he chose
to do so. The truth is, we were very well
/ but because some folks wanted to make 8
; little political capital. and had no othe
means whatever to do il, they persuaded
US that we ought to be beter-we listened
to them, and followed their advice; the,
: made their political capital but where ar
Y we
: mir. Broker, what is the discount upoI
n this money Z"
t ssThree per cent. sir"
e "And this 70
! "Ten per cent"
,fI Sand this p
5 I'VE don't buy ii. We can do nothin
J. with it. 1t may be good at home, but W
1t cannot make exchanges. .
That's where we are. And how muc
). of even such trash is the farmer going
get next year for a bushel of wheat
el From the New York Wing.
:, BANKINGIN MISSISSIPPI.
vi From a communication published
the Southern Argus, we gather the follow