Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-06-30
POLITICAL.

POLITICAL.
- TFrom The yW45ar Rcgi>trJ
We recently heard or supposed we heard, n CONVEX
sation something in the following language. 1t IS be.
tween a hard cider Speculation, named Bubb!ccurrcncy,
and an old hard-sense Democrat:
BubbIecurrency. Awful times! awful times. THIS
abominable administration will be the destruction Of
every body.
Dem. How SO, ncighbor Bubblecurrency:
g.. How so! The blindness of some people IS amaz-
ing. Why look at -four, it only ietches tive dollars q
barrel; and cotton is not worth shucks.
Dem. Well, %neishbor, arnt 1t possible that cotton
and -four NAV be low without the administration 5 be-
ing the cause
b. That's Just the way you l~ocofocos talk. No,
SIR, when the q. :. Bank was IN operation, every thing
was dear and money was plenty.
Dem. Well | don't know how that is, but t'o'her day
was reading in an old book, called Niles Register,
and | guess from that You haunt studied much, except
Federal newspapers. 1t told me, that in l>2o flour
was -, and in 81, 81 - per Dbl, aud this too wien
the U. S. Bank was in fall bloom. Ia l-.5 and 4i
flour, it says, averaged about 81 %; from le23 10 %,
it averaged from four TO six dollars; and it was only IN
1886 and 81, when the banks manufactured - much
money, that We didn't know how to spend il, that Hour
rose to ten and eleven dollars. Precisely similar was
It's effect on cotton. From l~23 to 81, cotton averaged
about the price it sells for at present.
B.. Well, at any rate, YOU must admit that the wages
of Tabor are lower now than they ever were that some.
thing
Dem. No such thing. On the contrary, they are
higher. WHY this verv Niles Register, winch | spoke
OF, contains, in lS25, 4 speech Of Mr.. Clay, in which the
following striking picture is drawn, Listen:
"The truth is, there IS no class Of society suffers more,
in the present stagnation of business than tie iab0rtRy
classes. That is a necessary effect Of the depression Of
agriculture, the principal business of the community
The wages of able bodied men vary - to 8 per month,
and such has been the rant Of employment IN some part
of the Union, that instances have not been untrcGuent,
of men working merely for the means of present sub
~sistcnce. If the wages of labor here and in England
were compared, they vii! be found not 10 be essentially
different.
B. Pooh, pooh, lis all lies, that book, got up by some
lying Democrat.
Dem. Well, guess IL you're a goin' TO doubt every
thing say, | reckon We had better knock of. But
let me ask you one question about crops: pose Tn"
people of Alabama should conSum" 100000 barrels Of
-four every wear, and Sposc last year we had raised
100000 barrels, which IS 2o0,"m more than We have
any use for, could We sustain the price, particularly
ifforeign countries had also raised crops 20 larss ~ to
make il unnecessary for them TO buy OF us Would
the price come DOWN BE sure il would. 1t would
be so cheap that We could buy ii TO feed our pigs on.
Just SO il is with cotton. This year South Alabama
has produced nearly 10000 bales more than IT did
last year, and all the country has produced IN the same
proportion, while at the same time, there has been no
unusual or extraordinary demand. Isn't 1t reasonable
that the market should be dull, and that the price
should fall:
B. Humbug | tell you il is this cursed Administers
ton.
Dem. Stop, stop, neirhhor, | have a little book
WIN" 4 nav '"N '''=' 'N'
something of these things. Ii Is about political econo.
my. Wen, it was written long before this ''cursed
Administration came into existence, and It tells me
that the price Of any thing Is always regulated by the
demand for il; and it by any means the supply should
be increased 10 double the demand, the price must fall
one-haf. Well, this is the case with the crop of cot
ton. 1t exceeds the supply, and, therefore, the price
has fallen; and | guess if VIC manage to sell il all al
present rates, we shall do very well. Again: This book
says thai, if the currency of a country be double last year
what it is this year, prices now will only he one-half OF
what they were then. Well, | have looked over the
tables of figures in this matter and learn that the banks
since last year have contracted one-third Of their issues:
and, therefore, prices must be One-tllird less than they
were last year. Why, in Connecticut, in the short
space Oft few months last fall, my paper tells me, the
circulation of the banks was reduced upwards of .tty
pr cent. With such u sudden alteration in the quantl-
" OF the standard OF value, Is 1t strange that business
should be aifected-that prices should fall, and that
every body should complain Of hard times: Why IT
would be Il miracle ii it were not 50. No, no, Mr.. Bub-
biecurrcncy, the banks a few years ago that promises to
pay were real solid wealth, and they went on issuing
them until something occurred 10 convince them they
were mistaken, and then they withdrew their trash, and
the consequence was a fall in prices in proportion to
that reduction.
b. But, %neighbor, tell You every body was getting
rich then, and every body now IS poor.
Dem. Pardon me, friend Buhblccurrencv. Every
body thought they were rich; it was only a fancy,
however, and Oil the strength Of that fancy they
spent their real n6dM IN luxurious living and use.
less OUTLAWS. Why you yourself, a few years ago.
was only a clerk in New York, with a salary of GnO
dollars. When the :" good times, az you call them,
came, you got the use of plenty of promises to pay;
and in two little years afterwards, you were sp"cull-
ting in tens of thousands. DO YOU think that all that
was gained in so short u time by giving an equivalent
in exchange Do you really think that in those two
years you csrned your tens of thousands Certain
~ not. 1t was an unnatural state OF affairs, that can
be produced any time, by a combination of corrupt
banks. When the body polite resumed its natural con
ditlon, your bubble burst; and yet you cannot be brought
10 the belief that you are not really rich. "Down with
this corrupt and vlllainous administration YOU crv, be-
cause IN two or three years the thousands which were
never yours, shpt from your hands, For my part, You
Federalists, or Wings, or Aboitiolists, NAV talk as you
please about log CABIN and hard cider, but for my part, !
shall stick to a party which makes people eGra what
they ENJOY; and does not charter banks to blow up Il
hugh bubble which, in a short sine, must burst and leave
every body staring, and swearing, ana rcrrettinr the
loss of what they had no right 10. II is such folks as YOU
that curse the Administration, not because Won can
reason against it, but because it has made people come
back to the old paths of honesty, aud thus reduced Won
almost to your original nothlngness-a nothiupness
from which you were temporarily raised, not .by in
dustry, but BY idleness and impudcncc, aud a conncx.
ion with the people who gave you credit which YOU
never deserved.
8. Well, these hanged Democrats beat the deusc.
They are so confoundcd stupid that they won't see as
we want them TO see. TEXT in a pet, cursing General
Jackson, Martin Van Buren,, Republican Governments,
and damning every body's eyes-not excepting his
own
(From The Sahn .7dcertstrJ
AMUSING REMiNlSCENCES
A friend has placed in our hands 4 pamphlet copy
of the proceedings of the British party Convention at
Worcester in 1882, embracing an Address TO the peo-