Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1840-02-27
FOR THE ENQUIRER.

tue UIne Oh lLS CES0uOn.
FOR THE ENQUIRER.
Mr.. EDIToR-In your paper of last week, you in
serted letter from IAN old subscriber" requesting
you to discontinue his paper because the you
pursue hostile 20 his interest. He says the most of
his property consists in good notes Of hand interest
one in particular of $500 against substantial far
mer, who pays the interest $50 annually. Last year
he paid 6fteen bushels Of corn at dollar bushek
and 30 bushels Of oats at so cents which paid the in
terest This year he paid the quantity Of corn
and OATS the former IS CENTS and the latter at 40
cents per bushei, paying the balance (between six
and seven dollars! in cash; and that next year. the
Sub Treasury goes into operation he shall get his corn
for SO cents and his for Is, &c. thought, on
reading this that his creditors, and especially that
Substantial farmer" might address him as the frogs
did the boys when they pelting them with stones
although this may be sport to you it is death to u.s."
Sir, am farmer. A few years since purchased
farm OF about 100 acres, paying part OF the pur.
chase money down, and giving notes for the remain
der, secured by mortgage on the property; since
which time have erected dwelling house and 9TH
or buildings, and made considerable improvement on
my farm, besides diminishing to some extent my debt
|
on looking around on my neghbors, and the young
and enterprsing farmers and mechanics of my &C.
quaintance, find almost all Of them in the same con-
dton, viz. more or less in debt.
Now the proposition ia, to come down to specie
currency and as the specie in the country is probably
less than ono fourth of the circulating medium that IT,
there is than four dollars in bills where there is
Of specie, the effect Of this f carried OUT
must be that all kinds Of property well as laborwi
diminish in the same ratio; so that yoke OF oxen
worth 800 will bring but 25-cows worth $40 will be
bought for ten and the farmers eorn which is now
Tor was last year, worth 81 bushe will be worth
but twenty five cents while the aborer instead of get.
ting his dollar day and plenty Of work. will be forced
to work for 25cents and find il difficult TO obtain en-
ployment even al that.
Flow them am to pay my debt II the value Of
my property 10 diminished one half or three fourhs,
will my debt be diminished in the same proportion
Will my creditor on my paying him the IS dollars for
which have been obliged to sell my one hundred dol.
lar oxen, give up the hundred dollar note which he
holds against me conclude that is not the inten.
ton Of your correspondent in the last paper If you
can conrive any way by which the debts Of the poor
man shall be diminished in the same proportion as his
means Of payment are or the old saying IT, make
one hand wash the other, the change might be more
easily borne.
This measure, too; is proposed and supported by
those who profess great affection for the "dear peo.
pie, and especially for the poor. Yes, such aec-
ton as the hawk bears to the chicken, or the wolf to
the lamb!
am not surprised that great capitalists, and those
who have money on interest. we'll secured, should he
in favor OF this measure for the value Of every dollar
Of their money will be doubled or four.foded that is,
one dollar will purchase much Of any kind Of prop
erty as four did before.
But that they should be able to make the poor man.
or the man in middfng circumstances (but who owes
money! believe that it s for his interest to support such
a measure, / confess am surprised.
Let US look at the condition Of that man, who has
bought farm worth two thousand dollars and by dnt
Of hard labor and economy has succeeded in paving
all but FIVE hundred. The Sub Treasury goes into
operation; Banks and the credit system are annihia.
ted dollar in specie is worth as much as four in
bills; his property dimnshes three-fourhs in value
and he finds he can hardly pay the interes: on his
money. At length his creditor demands his money,
he is obliged to sell his farm for what it will fetch
and if he succeeds in selling it at fair price, he may
be able to raise his 500 doars-he 1900 which he has
already paid by "tong early and late and eating the
bread of care(ulness" is all lost-and the man s left
beggar-a victim Of that system, which. perhaps, be
once ardently supported,
There is also another class ofmen who will be ben
Gifted by the adoption Of the specie system l mean
the otfce-holders and salary men, Think you that
Martin Van Buren, and his host Of satellites, who are
ynuch in n voP If snecie currencv will roDaont 20
have their salaries reduced in proportion the value of
other property and manual labor7 And yet is it not
reasonable and right that they should Bot no, they
viii claim their full salaries and that too in specie
while the poor man coniributes from his scanty wages
10 support their pride and extravaganza. This sup
pose will be called "benefttng the poor" This. pa
tent, genuine Democracy! D.
METEOROLOGICAL TABLE,
EKPr AT LITcHFfELD
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