Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-03-28


70 prrehsse m7rs Of thea for dollar IN souni
safe Of lie currency, than he Coal1 have done I
IN Tie aYs Of sursvogsnt erpan-oa fos dollar and
qtafter 81 far fon injurins "a will greatly bene-
nj the absring man. II will insure To hifu constant !
employment ind regular prices. paid in a so,nd cur
reney, which OF all things. he oasht most TO desire;
and u will him from being Involved IN ruin by
u tho-c periodical expansions and
tons Of the currency which have hitherto convulsed
the country.
This sound state OF the currency win have another
nos, happy effect upon the labor,ng man He viii
receive his wages GOLD and silver and this will in
duce ham 10 lay up, for future use. such portion Of
them ss he can spare. AFTER satisfying his immediate
wants This he will not do at present. because he
knows lot whether The trash which he in COM
PEELED to receive money will connnue to be Of any
value q week n month hereafter. A knowledge
Of this fact tends to Danish economy from has dwelling
and induces him 10 expend all his wages rapidly
po~sibie. lest they may become worthless his hands
Sir the laborng classes understand this subject per.
ecfy. Ii is the hari-hande1 AMI iirm-tisted OF
the country whom rely in the day OF dan
ger who the most friendly 10 the passage of this
bill II they who the srdcnily in favor Of
nfnsng into the currency OF the country avery large
amount of the precisus metals.
The Senator has al, anccd another position in which
atm sorry cannot agree with him II is this: that
permanent high rate of interest indicative Of the
psoSI Gritty VI any country. Now. sir. \ permanent
high rate Of iniers is conclusive evidence Of
city Of capital. and Indicative OF any thing but
prosperity. think. theretare. IL Will pnzzle him. with
all hrs ingenuity, establish his proposition. To
der country truly prosperous capital and labor
be so'conbined each TO receive fair reward In
England. when tho of interest was very high
the country not nj all in flour shiag condition;
but capital gradually accumulated. and the OF
interest consequently sunk she beca,ne more and more
prosperous though she did reach her elevation
uniil money yiscd console bic less than five per cent
But his subject is ltie relevant The question
der discus on. thai u - scarcely necessary TO pursue
~. IL IL were. t wooll be easy show tLa a high
rate Of interest. nerally. ifnol universally
TO direct conc; with The which the Sen
a,or IL snx ous 10 insin'ai Suppose ior example
hai IL required Cal al OF $4,000 put and pre-
serve iron mandatory successful operation. In
one country the interest this ten per cent.
would amount Ia - 000; whilst in another it conld be
procured al four per cent. $500 The difference
would be 81 200; and unless this ameun can be
we'd eiihef by reduction in the wagcsvf labor in
some other the manufacturer who pays the
higher rate Of interest endure the competition
high rate OF inieres, aaost always presses upon the
wages OF labor.
Ii the genteman's theory be correct. Wall street
must be perfect paradise OF prosperity. 7Aere the
rate Of Interest or long time has been pcrmanenll,
high. varying between and four per cent month
or between iweni our and foriy-eight per cent pel
annum. Post Of the Bank of the United State,
With these facts before him. Mr. Jcffe roy would no
now declare the Senator informs US he formerly did
hat this coantry the heave % The poor man. an,
the hell Of the rich" He might probably reverse tn
position, though il would be equally extrnvagant on
way Ne the other A country in which rich m. N cal
realize from tweniyioar TO per cent Tor hi
money. would certainly be any thing hut piece Q
torment Tor him. Bot what IL the condition of poo
man in such country When capital command
such an eIiravagani interest 10 iqnidaie commercls
debts, IL will no longer he used in the employment
labor and hence poor men must necessarily be throw
out of employment. Such n condition is any thin
but q heaven for them.
The Seraor exclaimes with holy horror .,he SIN
arts still upon the throne and Charles the Secon
has succeeded Charles the First" lie has | thinl
been very unfortunate this historical alluson f b
intended to compare Andrew with the first Charles
j he enemies Of Charles OF his head; whilst ou
Andrew politically speaking, the heads off al hi
enemies; and many of them in such terror q
him. that they dreaded he might turn the metaph
into reality and OF hoir heads in earnest Charlie
tn: Second did not succeed Charles the First M
Lord Protector interviewed. Although he and the Ser
aior from Kentucky different in other respct,
as two able and brave can be, yet whilst he "
speaking. II struck me that there striking pon
OF resemblance between them And what sir do vol
think that wasl My Lord Protector ALWAYS began an
ended every Thing the Senator has begun and cnde,
his speech-Uih pr5yer. Then, in regard TO The Sec
ond Cha les, have lille say. or all men, IN,
Senator ought 70 lie The last to disparage our Martin
have read Of great conquered Gcncrnl, no ALWAYS
pronounced his coiqueror be n very able and bray
man. because, as the historian observes il would have
iessened the merss of the vanqushed TO have been
vereoIne by fool or coward. The Senator in speak
ing of Martin. ought rather 10 exclam.
Great let me call him. for he conquered me-
IT, in addition. the Itt'e mr. gcian should be Sic,ori
Gus over the hero of 1iPpecmoc. in the great bail
70 be tugal The approaching autuna. and have fuI
faith that such viii be the result then he will 70 dow
to posieriiy with oil his blushing honors thick upo
HIM"
Hacking the Senate for their Isicn, attention.
shall now rcsnne my sea-