The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-07-26

Neso York Eapressi il not only well written, but u
drawn with knowledge Of the points and bear
ipgsofthe question. Readers, read il. You are
interested, deeply interested in II, whoever you
may be, what ever may bsyour calling.
n DISORDERS OF THE CURRENCY.
The wall over a disordered currency now
comes wofully from the South, and the South
West, and West. The sacrificed property
IN Mississippi, the ruined estates. the bank
Tppt and broken hearted Planters,--ihe pic
ture ofsociety more organizing than even
that Of the worst times Of the suspension Of
Specie Payments here, attest the Ruin THE
lsxPERIMENTERs have wrought inabandoning
the Guide-Post of Washington. Hamilton,
Morris, Madison, and the Fathers Of the
Constitution. Alabama too, with no money
atall with dearth,-a famine id the cir
culation,-rich in resource, but without the
power TO touch them, cries aloud in her mis-
fortunes over disordered currency. Ten
nessee, Illinois, Indiana, Michigan attest in
their rates Of Exchange the enormous taxes
the consumers pay there, for the want of
that currency in which dollar on the Passa-
maquaddly shall be dollar on the Missis-
sippi also. At this moment the tax which
the people, the people of the South West
and North West pay upon every article i'm
ported, from the tea or coffee on the morning
breakfast table TO the Sunday habilments
in which they resort to Church, is ten-fold
over all the>cost of their state, or country, or
town taxes. Not man unless it be the
savage or he whose proximity to the savage
is such that he has his habits of life, now
lives in the great valley of Mississippi, or in
Michigan, or Wisconsin, is now heavily
enormously taxed, because there is no cur
rency,-because the Federal Government
refuses TO discharge its duty of providing
one,-because dollar in New York City is
worth dollar and twenty cents in Natchez,
dollar and FIVE cents in Detroit, and dol
lar and four cents in Cincinnati, dollar and
six oF-seven cents in Nashville.
The ruinous rates of thesexchange upon
some parts of the Confederacy, the utter
non-availability of some of the South Wes-
tern, SO called currencyy-the loss of the
credit even Of the banks, the sacrifices over
their Post Notes to turn them into cash, at
The purpose of our Money Article to ex-
pain almost every Qdys IL Is nov as uuCu
the business Of the Atlantic Merchant TO
count the cost of the Domestic Exchanges,
and to add that cost TO the Bill of sale TO
the merchant of the interior, as TO add the
freight, the primage, or any other outlay
Ten per cen., it is stated to us, is about the
average addition now to all goods sold for
the interior Of the Union, so as TO make up
for the ruinous rates of the exchanges, |
which ten per cent, it is clearly seen, must
be paid BY the Tennessee, the Mississippi,
the Michigan, the Kentucky, or Alabama
consumer Of these goods. Thus on every
dollars worth of tea or coffee drunk,-on
woolens, or manufactured cottons worn, or
hardware, or any thing of the like, ten per
cen tax is paid for want of a currency!
The state of domestic exchanges on the
principal towns of the Union is weekly re-
ported in our Saturdays review of the Mar
ket, which, inasmuch as it is there, more
exclusively attracts the attention of the
merchant, we now bring to the attention of
the general reader.
Exchange, Bank Notes.