The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-08

ten, is complete, and Wha, the life blood ls
TO The iormer, circulation, money, currency
is to the latter aud if that be dlsordered or
corrupted, paralysis must fall on the system.
The original, lending, main cause, then,
] OF all our difficulties and disasters, IS the
diSordefed slate Of the Currency. This is
perhaps not perfectly obvious truth, and
yet one susceptible Of easy demonstration.
Ia order to explain this the more readily,
wish 10 bring your minds 10 the consldera.
ton Of the condition aud The vast affairs Of
The Uniled States Our country IS not o
small province or canton, but a region ex
tending over large and diversified surface,
with population oil various conditions, pro.
ducts aud pursuits. |, is 10 variety that
consists It's prosperity, for the different parts
become useful oae To the other, not by iden
tily, bat by difference of production, and
thus each by Interchange contributes to The
interest Of the other. Hence our internal
lrade--ihat which carries on this exchange
Of products and industry Of the different pof.
lions of the United Slaies-ls one Of cur
most important, had almost SAID, the most
important interest. It's operations are easy
aud silent, not always percepuble, but DIFF
i1stnR health and life throughout the system
by The intercourse thus promoted from neigh
bpihood to neis hbofhood, aud from Stale to
State.
Let me explain this .lule in detail
lou are here m gram growing State
Your Interest, then is 10 have consumers,
not growers OF grain. The hands that 10
the bek Of earth IN which gram best sue
ceeds, grow wheat, are interested 10 liad
mouihs elsewhere to eat what they fase.--
The manufacturers Of the North and the
Eas, need the gran Of the middle States,
and the cotton Of the South, and these 10
turn buy the manufactures of the EAST
Nor is THIS solely matter Of interest, bat is
IA some degree brought about by The regu.
laiions Of lnrelgn Governments. Our man.
ulaciures tiad no sale IN Europe, aud much
Of our gram is under ordinary circumstances
excluded from Tia markets. In France 1t
IS never admitted, and III England coutu
genily ond uneeriaiply ouly, aud ~ a man.
American hu.btndnan.
THIS internal trade, moreover, moves ns
II were "a q circle, and not directly the
great imports OF the country are made 10
New York, whence they pass to the South
and to the West but our exports are not
msinly from New York but from the South
the main imports then are nude al one
corner Of the Union, and The exports FROM
another. The produce Of Ohin, much Of
Il descends the river TO New Or.cans bot
OHIO Is supplied with foreign commodities
aud domestic fabrics mainly thrnugh The
Nos York canals. the Lakes, and the Ohio
Canal, The lave stock Of Kentucky goes
10 the CafolInas, but Kentucky buys moth.
my there. but transmits the money to Bal
iitnore and Philadelphia, and there procures
what che wants TO be aent TO her across The
Aaeghanies.
THIS circuit Of trade 10 country Of such
great extent as ours, demands, more Than
IN any country under heaven, a uniform
currency for the whole people la, what
IS money "a Carolina shall be- So else where,
thai what the Kentucky drover receives,
shat the platter 81 Alabama sells i.F, hat
the latorer IN New York gets 10 pay for his
work a0d cares home TO support his fam
lly, shall be Of aeceuained and uniform value.
This IS not the time nor the occasion for
an essay OF dissertation on money; bu, ]
mean distinctly TO express the opinion, that
until the General Government shall take 10
hand the currency nf the country, until thai
Government shall devise some means, say
not what, of fa,siug the currency TO the level
Of gold and silver, there can be no prosperity
Let Us retraee briefly The history Of the
currency question IN this country IA most
important branch Of the commercial ques
ton. appeal to all who have studied the
history of those times and the Constitution,
whether our fathers IN framing the Consil
tuition which should unite US IN common
glory. had not also among their chief oh
lecls to provide uniform sy stem OF cur
rency for the Nhoie country. ! specially
invite the ingenious youth OF the country
to 20 back TO The history Of those times, and
particularly to the Virginia resolutions of
1873, and TO the proceedings OF the conven'
ton al Annapolis IN the same year aud they
sal! there Gnd the prevailing argument TOR
forming General Government, was IN or.
der to secure uniform system OF currency
of Custom House duties, and general
regulation Of the commerce Of the whole
country. II was no longer 10 be the com
merce Of New York, or Of Massachusetts,
but &c the United States, to be carried on
under that star spangled banner, which bore
on II, and INTO every sea, the glorious motto
T. pluribpS mum.
This beng chef and cherished object,
when the first Congress under the Constr
tuition assembled 10 New York, General
Washington m his speech naturally drew
their attention to the necessity OF a uniform
currency, looking probably at that time TO
the mint FIRST established at Philadelphia,
to provide that currency.
mention these circumstances 10 show
that the diff IN the currencles OF the
several States, aud the want OF uniform
sys;em, both of commerce and currency,
4 l.