The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1839-10-24
POLITICAL.
IRON rHr BALTIMORE CHRONICLE.
THE SUB-TREASURY

4
4 correspondent # the New York Times
rir-aes this inquiry IN an essay of much
iorce. Its fatal effects can hardly be an
tcipated BY that large and most useful
class of our citizens, otherwise would they
al once repudiate the scheme, in over
whelming numbers, and consign its adyo-
Gates to the position IN society they de-
serve. Ii they would but examine It's re-
suits, Us influence proSpecurely on labor
and property, it would he at once under
stood. and beng understood, the opponents
Of this fayori,e measure Of the adminiStra-
ti5n might have no fear that II could be
sadded upon the country. The cores
pendent al the Times quotes book on the
currency written and published at Wash
inctan under the auspices of the admins
Ifaaon BY Mr.. Gouge, and adds
You viii find BY reference to Mr.. Gouge's
book. printed TANK, il 1898, that though then
: declared enemy 10 bank money he very clearly
proves, that The discontsnuance Of paper curren-
CT voald presently rpduce the price Of all kinds
81 property fun oue.half, and probably three
fc4rths aud that the farmc- who had purchased
- 448'u TT S7VvN' t+t- r'.-1 "'NA o''e go
InE mcrtg age for the remaining one thousand
aoiiars' would e mlee o9oSIuPt y the WITH
erl wal of hank balls from circulation, and the
substitution Of hard money therefor. We all
kson. IS vel as Nh. GoaEc-I mean all who
ar conversant with tie laws governing "prIce
and TIE measure Of pTlce, that such would Be
tie inevitable result We know too, and SO does
Mr. GouEs that the price q labor would also b
reaucoc tafef f1aytAS, eat laoorIng men have not
- leisure, ieW Of them the means, 10 possess
tssus-.ves q this knowledge, Hence the jas
e. area o: That d" pure metallic currency which
Is promised IS ben they shall have o5eyed the CRY
g " down Viii TIE cre-lt SYSTEM sometimes Sc
cures carried and tewlcered pruselF.e, wa2'
h. had ne opportunity q; searching 81 + effect
:. -sree ~ ~ -.
- the I4borirc population. some Of them a,
le-'' 90 I'd see TIE inevitable consequences Of
-, IsVoi-s.oA Z Us currency. lAsy Y e.
~ -. - IN - f. ..r - ~
prt5 - HE -rs.,e-. and no les certain, c..
j. l,los valca slel . revolution woald cause;
- u siisc-s Wo--a = g a11liet q ne stagna,
- .--S..', - ~ 49,, -. : :, - - -
p4g...t nd ~, ,6e Mons sst,xsen debtor
an creditor vo4ld BE- aaranged that one-half,
a. ialaa Eo.v q a.! " whose only capital Is
y. -- i -1-5's y .i.'a : 0la , Z aI G,
~. se.s-e 80 er5Is +. 70. nj
a. 1tazsa 1g business Of the na,iaa restored,
ss-- " sas employment e AZ great number a
AZ a7~ s'sa y oa'-igaTiA 'hs present J.
= 80" ..'i, - i5s-,- " :. :,
s...s--ss t,e ;olIoxe-s. o.. tbe ioeoi9co POW.
er -s4r. alad- hare sefermiHes to substitute
f' --fFsl, Y sei oll present sans gu.
- .-'s - . l,1,I -, ,,.-' :.
r. even f~s5sia4l sa.-sr i tie a4assig were
aaas c-G - less injurious 10 the ID
t@- 7lLl'y i3-A 'le slo-.Feaslry EgT04a-
' --' + -' -s- y - -'s 'o---'-''-I'
Tlzi las Is true every word Of It, none
b.; a determined demagogue wlll deny
Tic price u labor must come down-but,
say the a3rpc1}cs Of the sub-treasury, II Ia
t9r catac- down, The commodities Of life
u4-f cgasa down loo, aud y hat matters It
l. biz lao9ung man can gct az much tor a
h1i dollar theu a. be can tor MS dollar
n0E Tins appears to ~ a plausible ar
elnsat. and without examination seems
al rf. Iis abgIlng men In all com.
rlIitis- have other Objects IA view than
mere, lNng from hand 10 Hoalh. They
q l.l DESIRE % appropriate al their earu-
z-- ,9 tae applying o. food and apparel.
n i them base purchased houses FROM
i.r -lgHgs. IA which they 1--we, or reni
{. .l.s vhJ have been less fortunate
tHa4 themselves. In our Cities much real
estate !, Subject 70 q ground rent--an an.
L. winch iae owners are bguHd 10 pay
r. ae or1Aal owners Of the soil OF their
h Toe ground rents have been estab-
la- Ia prY-perou, times, and when the
p la-z u the ha0-e was made, the own
~ is-' himself ialy able to assume TIE
payment u il. l., the proposed reyoIu
t.aa 70 tAe currency take place. The
a..,rG RENT 10 nj. and cannot M reduce
10 accordance pitnthe new standard. L.
gal instruments IN existence viii Drcrep
il, AID although every thing else NAV b
brOuah, down In price. vet the contrac
under which one hundred or TWO hundred
raitsr GRAND rent tf.,. stimulated ~, ~. mai,