Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-10-24
OLD TIP-A GREAT FlNANcIER.

Saws Harrison in his DAYTON speech, "the share
of precious metals which, IN the course Of rsde, falls
10 our lot is much less than the circulating medium
which our internal aud external commerce demands,
10 raise our prices to a level with the prices of Eu-
rope where the credit system dos prevail. There
must be some plan to multiply the gold and silver
which our industry commands; and there is no 9th
er way 10 do this but by safe banking system. -
Ia patent for his tiscosery So banking system,
which drives gold and silver out OF tie country Is
the only plan by which they can be multiplied
There is no "credt system" in EuroIe oiany TX
tent except in Engasd. But if all Europe had
such a system, It would be the most conclusive rea-
son why we should not. II would drive the specie
INTO the United STA ties and initiate our prices as much
as theirs would be inilat ted and on much better ba
SIS
This notion, as to The necessity Of multiplying
gold and silver is one the verest humbugS ever
invented 10 cheat mankind The more they are
"muItiped,' The more unstable in value, and the
more unsuitable for "a standard Of value" do they
besome Is II of any use to the nottingham 10 have
his wages raised to-day by means which not only
raise still more The prices of every thug he hes 10
buy but cheat him out Of lis earnings to- morrow,
and throw him out Of employment the next day.
A STABLE currency is what labor wants; and
il is equally wanted by al USEFUL TRADE and
by PROPERTY ITSELF. This every honest man
oil inulllGC1Ct dulllllA y raise VttS Nv UlulIpJ-
ipp money is like Tie Frenchman's mode OF getting
rich. by gar, make one tousand dollar dis NOR
Mn before breakfast" Fine sale" said his com
panon al the table "Not bit jes take down
my goods and mark up de prices--so ! make
myse Il one tousand dollar FISHER, and keep all my
goods too"
So Ha, rison's mode Of raising prices apparently
ma kes every body richer without scIltngo bit; bat
when they come TO sch or exchange labor or proper
ty, they find that The prices ofevery hing have rig
en- alike, and That they are no richer han they were
before.
This "multiplying gold and silver" by raising pa
per money with it, means ony depec aton Of tie
currency, which benefits the debtor, cheats The cred
itor, and does nobody else any good.-Giobe
Why is Il, that after the exposure Of General
Ilaulson's double dealing as to slavery, any
STAKEHOLDER or Abollnonisis continue to support
him
The STAKEHOLDER supports him because he be-
lieves he is playing false with the Abouonisn.
The abouonIsts support him because they
believe he is playing false with Inc STAKEHOLDER.
But is man who Will play false with any boz
dy, fit 10 he trusted "a President 2-Giob..
A DEMocRATIc SENTIMENT AT a dinner
in the State of Of New, at which Mr.. Van Buren,
presided. on The 4,h Of july, 1920, he gave The
following toast:
The Eieciir, Misunderstanding restrc-
lions have proved as mpoldic as they are unjust.
II lis the office Of wisdom TO correct what expert
encs condemns"
The length Of the documents accompanying tho
address Of the Southern members Of Congress,
has induced Us TO decline publishing them. They
were published in ihe Ezfra Globe Of the 9th OF
September, Should any Wing of respsctabiiity
deny any one OF the charges contained "a Ihe ad-
dress our readers are referred 10 that paper
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