The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-04-30

The great good. pilheAs pf6slous pnras-
iary q prer&fssson-~hnw. sill u left ~
definite - q i,a<; che President informs
u that ss ne.s pEfpsre % make great
ssrri6ees--ip br4f our fniTerings 10 pa
aienre. ard - some distant day. and hy
sane uaexpls'ned pfacess 81 arqaisi,ian.
he hard money ulll come and al wilI Be
well. Bst dough neshing . proposed
for the relief 81 the pepplr. plan 10 nos
urged fors ard Cor he relief of IRE govern
menl and she enIishing 81 me Office hald-
ers. This pl+n - sils sob lrrasary-lhe
bill 10 ssiabli-'' i vas passed IN lie Sc
nate by less Than he bali 81 that badly
When full. snd IL vas hurried Ihrnngh.
though del-y was urged upon ihs sdmi-
nislraiion psrsy unill lhe vacant seas
could be 6Iled. snd though The stale Of
things in The kauss Was such as 20 pre-.
vent all hope that il could be ar'rd on
there far many weeks In The House.
The sdminisirsiipn party are now striving
90 make the contested seats from New
Jersey depend MOI IN The nnmher II Law
FOL votes. bot on HE msjorliy of al The
volfs. lawful and unlawful. good and bad.f
in order 10 command clear majority 10
carry out shis scheme. This measure.
alter having been repeatedly condemned
By Congress and The people. there is
strong reason 10 fear will be passed 81 The
present session; and rs are The means Us.
ed 10 obtain 10 passage. 90 is The charae-
Ter Of the measufe itself. lis called the
:. Independent Treasury" and so 10 one
sense il Is. II Is Independent Of al con.
neclion with tbs business. OF all symps-
thy with the dislresses. Of all efforts for
the relief and assistance OF the people;
but il is totally dependent on Executive
CONTROLS intended 10 place the purse
Of The nation 10 the hands OF The Presi-
dent. and 10 enable him by lie iniersen-
lion Of his thousand officers, concerned
in The collection and disbursement OF his
hard money revenue, and the msnage.
menl Of his grand Government Bank
founded thereapon. 10 make as as de-
pendent upnn him as the treasury will be.
Ba, what is DE measured IL proposes.
when il shall be in fill operation, col.
lection Of all he dues 10 The public in
hard money. IL This shall moi. in is con.
sequences, necessarily destroy all our
banks. then we shall have one curfen.
ey for the people, consisting of paper mo
ney. deprecated by the ac,,on of The go
sernmeni, in which we are 10 rcc, i've and
| 10 nay our ,dsbte. -@-.-t --,sss -sissrh we are
10 be content: and another currency. con
sis,ing Of gold and silver. for the use Of
The government and ils officers and agents,
in which all that owe The government.
must pay. get u how they can--snd then
farewell. a long farewell, 10 The specie IL
lusion--ihe hard money humhug. will
which The people Of this country have
been su long amused. But if this mea
sure shall oblige all our banks 10 wind "
--as seems TO be The opinion OF those
who have The hes. means Of farming ;
correct judgment on the subjcci---lf j
shall destroy the usual credit system o
the country. who can conceive the mise
rattle consequences TO our society! AL
debts TO be collected without the usua
facilities for obtaining funds-,he price 81
labor and &c produce 10 be reduced 10
specie standard, probably to one.third %,
one half Of The present amount. Fellow
citizens. consider the matter for mo
ment, and enjesvor TO realize the results
How. under such circumstances, can
poor man. or man Of moderate means
paw his debts! II a mechanic or lsho
rer owes few hundred dollars. which
he is Just able 10 pay when his wages ar
al one dollar aud half, or one dollar ;
day, how can he make payment wheI
|. The deb, remaining the same, The wage
are reduced to three quarters or a halt
dol lar! IL man has purchased . piece
| uf land, as an advantageous settlement TO
his increasing family at $1,000, aud hav
| ling paid half. its value is reduced to ih,
specie standard. is not the part paul Al
cu,ire luss!-,he land being worth, IN th,
whole, when measured BY The new stand
, ard, just the nole,y which remsias un
paid. IL is said that the price oi ever.
J thing being reduced in the same proper
: ZION. the Injurious consequences will nu
3 Hollow To thnse who owe nothing. Sup
pose this were so, how many Of US will !
4 Ecnmfnrl! How many Of US are in ,hs
= lhappy condition to owe no debts! An
i. Ipray. is beng in deb, such crime, ,hs
1 lno sympathy is due, no care To be take
: in the legislation OF The country l"r Id
!. man that owes money! Is it sufficient
4 say those who owe no man any thing
a i,huse who are beforehand in the world
|. 1.-The creditor part Of The nation. will nc
+ suffer; and as TO The rest. if people wi
l. be in debt. let them suffer. This Is mo-
/ revolving doctrine. Bur is it true. hi
y none but the debtor class will suffer!
!. lis not true. Surprising tina, all pric'
! should be affected here in the same ta.i
!, Ii. will mol be The case with the prices
. articles coming from abraad. These W
" no, be affected by our legislation, but "
- remain al the old rates, while the pric
Of domestic articles only will fall. VIII
II will be The consequence! With an
o come reduced one-half, every mans il
See Appendix. ...