Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-02-27

Z
title q, ~ ta,a Three YEAR,. Tie twcny-cshi Sc
'io,s oS he h,,. with ID "a .afs, ar, vi- ami
ari eo's. AMI rccsyer-'ensrsi ana esssIeTs. kaye
hpnns n7Tc scr ess ~ view iEaa The eNse'r of SIC
&C noa Tie Poole asi The s.hsc1 aoni distribution jl
hat ssecic ssns3s shc officers OF the Covoraioai aud
me eEct'iors OF the Coy rnrrni. II doe1 not touch
nor prot - to rcch. the actual cnrrr ~ of the ecun
iry Il leaves the 'ccal banks whrrc il found hrr
uhNornea uncontrolled. urchCs kci in all thr OYER
asiens ~ u narrow, seiish. hcartlCss nc,sirc Il
'o1's away rom the People. md nbaniufs them 10
iheir hard and nsNvstle fate; lcayitg hc,n ex-os.
10 Ell the pcrliciogS conscqae.cvs Of M, p.urj ca,
rency utterly irregular and dSo-itrcd Il hanres and
ne grcae-, arrangement ma all business N 10 NorSr.
aSsrnNaies anu pcrPeiuaics the very evils which
the Government VIII not redress or by going mt, the
market and creating new and additional demand for
specie. Il crg?les and d'sab,cs the State banls ami
reri'er. hcm incapable OF furnishing tat relief IA tho
People which parental Cos ernncni is bound IN o,.r,
MI us energies and powcrs 10 aocj The divorce al
he State from Bsnks. Of which its friends boast is no,
INC o'iy separation which q makes--ii Is separation
% the Government from the consiiiueucya di~,pion
81 the Interests Ct the servants Of The People from Tie
inter as Of the Peurle
ms h'i then. Il wholly ineomraenSuraic with The
eN's under winch the country is suffering Il leaves
"'in nos 'hly altogether unyiovded for bat nsrrn.
Yates them. IL carries no vopd OF ehecr;n, L,,o =,
encouragement TO depressed p.oni. !, -:
lahSri-hiIS business IN the same riate uf H.
eoursgcmcat. p''S us
Bnt i's supporters argnc that such system NJ co,.
Vcnloe taper e. ihs country has long had Is -adi
cy wong; ihat ell or evils arc 10 be traced a, a..
banks; auj that the sooner thcv ar, ~, -. ~
currency exciufiyely metallic Is cs,ablsh.d ,h -
Hr' Ihey iurihcr argue tia. such A metallic c,-,o,
" VII reduce inflated prices lov G. The ,v,cc, 81 II
",'' enahe W 70 manuiac'cre CHEAPER and ,here,,,
admit o0r manufacturers To Iaaia,air sucr,,c 80
ehd Va Gre.eEets. And az these results n, SIM,
iutGre time or other, are t. he broreb; ,h,, ~ 81
operation Uf this measure. y VIZ
Mt President. ny opinion. a currency ,urr,v mo.
1'o n'lher dosrahic, IN The present .'n,e or Tho
"oFld nor II II were. is il practicable ar
possible 10 DC attained in hrs conptrr. A,J - :,
were possible. u cou,d rot be br,uzh. chm, ,c;,t
th' most inghin and disastrous ccn..,:uences c,ca,o
eo'-vulsioa, IT rot revolution.
vi Oh conditions OF socciy. that il most nrosoerc,,,
"en mere ~ g'edGal ard regular increase Of the
of'uianS ineGiurn. and gradual bnt NOT ,,ro r,pG
increase IN the value of properly and the nricc nj On
nodItes In tlrh a state OF things businsS, az n;
Aincs Is active ana animated every ,ierar.,De,t NJ !,
..odrshes. and labor Is Literally rewarded No sacr.
hces arc made Of properly. an debtors find yi,bou,
diiii'r!ly. the means Of dscharcipr urou,o,l ~;
debts Men hold -, 10 what they bayc ,v;,h,., a.
aV'' herson Of ICES, and behold no elur,sd mr.
ker W all conditions OF society. that is rc-. sdyers,
N which there IS constant ard "a ii diminur;on O
uhe amour, OF the circulating T., di,n Debtors he
come unable 10 pay their deb PROPERTY fI,s Tho ur,,
Eet Is slSted, business declines AID labor il ,br,,.,
OCT OF employment In such state of :hirgs The inn
ngna'cn gocs ahead of reality. Sellers bcc,r,e nm
merous' from tie apprehension that their ur nov,
iii!'nT. VIII f S''ii J'vcr; ard pur, hsers sc,rcc
from an Gnw ..linGncss 10 make inyes,n.p, ,;,h a
hazard of almost Certain loss
Have Gcnii,mcn reflected upon the coa.ccrc-ccs =,
iheir system OF depletion igcye already si,irl TN,
me country Is borne down by = weight of doh, n
The currency he greatly diminished az beyond an o.,
ample u has been, how Is this debt hc cx,ngu,S'
coz Properly, the rescorce which The dehfs., .,
lied or his payment VIII decline in yalue. and - mo-,
happen That man. who honestly contracted debt ON
the ililh OF properly which had a ,alue at the limo
iHiiy adequate 10 warrant the debit will find bimsel
S'r' o. all his property, Gnd his debt remain one,
BIT " The effect of this har, money po,;c,, No., :,
debtor class be ijar oas is sill nors isasirops n
possible, o. The lahorng classes Enerorise vii H.
checked ~ stopped, employment will heroine a ;,r
ae re ponrer classes Will be subject 20 The grco
pF'Nai'cns and d-s,rcSscs. Heretofore Il has hes, ~
OF tic Ireionsons and Loass of the d,,;,,r, -
maj hry so sht 10 elevate The poor by der<vjrg ~
rich o. undue advantages. Now ihar pd CIV !. 70 ~.
duce Tie wosos o! labor. snj Ihis is openly ayo,,e
ana ~ IS argued by them !hai II Is necessary IN r.
'e wages o. Am mean iabor To the Low standard q
european .aCor IN order 10 enable the American ,,.
u'hciurcr Ia enter into n succcs,(;l co,,,,.,: "a
'he european manufacturer IN the sale of ihei, r,
] I've fabrics. Thus 10 this Go.naant par,,, ,o,-. ~,
'hahg is one day cajoling tao poor and fnlrnot;n.
I s'e' cue fch aiid re next caJoling the rich and
H..
That We hC ID that all no were traJ;rr n, - :,
esp''~l S''s'.i 10 1rok IA but Yesterday 10 b,
deHsunccd the long-c-:5tI:shed pol.cy az N. cone,
by which, u was alleged. The 1Oor were D;odo ro,,
aud The r:ch were nlle r:uher
l Mr.. President of all the snbice,s og ,.,;.-,
not one oughi 90 lie touched with 90 up,t a.. -!
I maj OF Tue wages; IA other words the bread Of d.
! poor Fan Ia dwelling. as have oG,n donc % 10
indispensable Satisfaction upon The many ADVANCE.
vi cG'y, mere is not one that has given me
~, oe'isn' "'"h ihe hiSh price Of manual labor
lhefe u not one winch indicates msrs rls, Ia 10
\ prosperity Of the mass OF IN, cnmmur;t. ~ IN r.
features ol human society. there are non. 4 AT
! which moro decSivciy display the general v.Ic,r1
nun PeFMaHeH high rate ofwages. and permanent
sh is'e o. in;oresi CT course, 20 not mem those
excessive high raies. Of temporary existence ,bit
result rom sudden and uncxrccted den,,,Is G. -
~ capital and which may. and generally 90. eviuco
some unnatural and extraordinary slate Of h,n,s b.,
mean settled eady. and durable hiah rate of ,ya.
ges OF iasSr aud interest ulon money Such s,o,o
demonstrates ACTIVITY and Profits in ali ,,c g.,
mems OF business IL proves that the cr over cnn
"uord 10 give high wages 10 The onrer in csco
81 inc profits Of s business and the borrow er bieb
interest," 10 ne lender. in Consequence OF Tho cams
"hch ne makes by the use Of capital On Inc con.
"a'y' IN countries where business is dul and Ian
gushing md ell the walks of society are f,u ,bo
small profits that are made will not lus,iCv bigb me-,
EST or high wages
Wages oflsbor viii De low where ibcre !, M b,,;
ness and OF course bnt lille or no demand Cor laor
n' "here' from the density Of POPULATION The compet
non Tor employment is great. and tho demand for abor
y MT equal to tie supply. Similar causes will tord
10 'he reduction Of The rs;e Of interest Our vast IN
peoplcd y gons in the West protect us against the .
vas Of too crowded population In our coupfry ,ucb
The variety OF profitable business and pursuits. ina,
mere - scarcely any in which ono can engage win
dh,sence integrity and ordinary skill. IN regular and
.5y ".ne'' mar ne 10 not sure Of being amply re.
wffded. Surveying our happy condition IN This res.
iee was during ihe lasi war. remarked Iy he pres
e"i Lore Jehfics that America was The heaven Of m.
poor man. and tho he'll Of The rich There wa, e,.
a'aganee IN the observation. mixed with some lru,h
with good government it was an e.rhly b,ov,n -
Of the rich poor '0'
Hs commended. however. that the resnefon n ,re,.
would be only nominal that an exclusive .nerie r
fency Hing established. The prices Of al cormniites
~o'.u a. ana hat The lahofer woulI BE- allie 10
command many % Tho urcrsg,rs~. .Ftr-