The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1839-11-07
THE TIMES.

THE TINES.
The suspension of specie payments will no
doubt be prolific theme for some time, and ii
will be ydrously treated, according to the DISPOSE
ton and ultimate views Of those who make il a
subject of controversy. The greatest evil that
can be apprehended from it will be the encour-
agement Of the spirit Of radicqiism, and the ar
gument it VIII furnish Jewellers for the spread Of
their latitudinarian principles il there is any
one attribute TO DO especially maintained in re-
publican government, ii is order and in the alb
sence of despoically controlling power, the
laws which govern us should be looked upon with
reverence and as the omanation Of sound and
practical intellect. The laws which affect COM
merce and trade, Of which the banking system IS
an essential instrument, have arisen from the cir
cumstances which surround our whole country,
and no occurrence should warrant US in adopting
hasty, unwiso or violent means to effect what
some might = AK remedy for the evils COM
planned Of The causes for the shocks which
trade has recently experienced, and Of which the
Banks are the first to give intmation, lie at a
much greater depth than is ordinarily supposed,
I in much der field than at the first blush would
\ Be supposed, to be their theatre Of operation In
/ England, tlle regulation Of trade through the
Bank, which may be said 10 be the mouth piece
of trade has caused much anxiety, and much leg.
slatiye discussion and lctiou The wistst heads
there, have bestowed al their energies upon the
subject and numerous schemes have been ldop.
ted at the suggestion Of the le0uid.be.mist, which
has universally failed of tie object To those
Who have looked upon the various supposed rem
odies which have been applied, it IS very apparent
tnat however important the subject has become
and however cngrossing, even SO as to sink intc
utter shade very many other topics Of govern
ment, no benefit has arisen from their experiments
The real secre, may be- that trade il forcing il
self down to its legitimate purposes, and the coa
vulsions which are now agitlting it will rot sub
side until It Is reduced 10 lis proper level II ha
been forced up IN certain quarters to the preJd
dice Of others, and the now almost daily commit
nica,ion with this country and Europe is rapid
tending to its equalization.
II is too late in the day to effect any matcria
/ change in The credit system. That system PR
walls all over the commercial world, and it is mex
70 impossible to reduce ii TO that state which woul
maka metallic representation Of goods the onl
: moving power Of trade. Our connections with tc
5 reign countries would render any attempt At tn
: kind Of reform, in local and exclusive point {
view extremely foolish, and it behooyes thos
who assume to themselves the dictation Of rem'
dios. to look before they leap, and it equally b.
+ moves those whose dearest interests may be a
fectod and jgopardcd by the unwiso action otthos
/ legislative cracks who presume to regulate u
, concerus Of the community, to beware lest tolil
prejudice OF passion may lay train of evils while
may not be overcome in many succeeding gene
e atoms,