Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-05-21

ofthe country are found silently deserving their
posts to avoid declaration Of undoubted nights,
which might offend their Abolition Confede-
rates. Nay! So powerful seems the Influence
OF this alliance, and so closely does it appearin
terwoven with hostility 10 Southern Institi-
tons, that upon question Of vital Importance
to the South, one of our own Senators is mis-
sing from his place, and one half the constitu-
tonal voice of the State is lost to her support.
Contrast such results with the brave and gen.
erous support of the Administration Disdain.
ing personal consideration. nnd regardless of
the clamor of the AboEtionists, they gathered
around the distinguished champion Of ourrights
and by their unflinching countenance and sup
port enabled him to establish proposition es.
sential to the defence and security Of our 1nsti-
tutions.
In the other Hall of Congress, the same line
of policy characterised each Of the contcnding
parties. 1t needs but mere perusal of the
Journals to establish beyond a doubt, that every
measure which has checked the advance of Ab-
clifton owes ita chief support, and its success,
to friends OF the Administration, while those
propositions which evince hostility to our In
stitutions, always originate and are sustained
among the opposite party. The very fact
(Which the opposition are compelled TO admlt)
that their candidate for the Presidency has de-
clared his opinion that the Revenues of the
Federal Government can be consttutionally,
and ought to be applied to the emancipation of
Slaves, is altogether conclusive, Improves that
! if he be elected President, the Constitution is
no longer the guaranty Of our property-but
we hold it under the most degrading and uncer-
tain Of all tenures-the will of majority, and
that majority with interests varied from, and
even hostile to our own.
2. The next great leading measure upon
which we feel bound TO make common cause
with the Administration, is its opposition to Il
Bank of the United States. We take it as es-
tabshed beyond doubt, that the people of
South Carolina have made up their final judg-
ment against such an institution. They regard
It as both dangerous and unconstitutional; as
abandoning all the ground which has been
gained againstimplied powers; and asyieldng
up our rights, political and commercial, to the
unlimited control ofthe section in which such
Bank would be located. The dangers 10
Republic with which such an institution is
fraught, and its disastrous influence over the
commerce and agriculture of the country, have
now become matter of history, and it can be
only those who prefer the quietude of despot-
ism, who would now unite their efforts with
the Opposition party, and propose TO the South
to surrender itself at discretion to the tender
mercies ofa fifty or seventy million Bank.
3. The establishment of steady and consttu-
tional currency, is Justly considered one of the
most important measures which the Admins
tration has sought to promote. In so laudable
and patriotic pursuit, we feel bound to yield
them our entire confidence and support and
when we consider the peculiarly untoward con-
dition of the times, and the array of influence,
interest and prejudice against which they
had 10 contend, in advancing this great meas.
ure, we cannot too strongly express our ap-
probation and encouragement. Every effort
has been used by vast majority of the par
tizans and debtors of nine hundred Banks scat
tered throughout the Union, with the U. States
Bank at their head, to attribute to the Admins
tration evils which are solely chargeable to the
specializing mania which had overrun the
country. and the crazy issues and errors OF the
Banks themselves. But the sober second
thought of the people is rapidly applying. the
corrective; and the second suspension of the
Pennsylvania and Southern Banks, cotltrasted
as it is with the condition of those in N. York
and elsewhere, which have not suspended, has
furnished proof Of the sound views of the ad-
mlnlstration, and evinces to every refectlng
mind where the true mischief lies, There can
scarcely occur any evil of greater magnitude,
than TO fasten upon country an irredeemable
papercurrency, 1t blights the very bud of en-
terprlse, and by subjecting TO uncertainty, the
measure of value, operates with as much harsll-
ness and injustice, rs though other standards
of value, such as the pound weights and bush.
ell measures Of the country were suddenly and
capriciouslyto he changed. If it were proposed
to our people, that the Bank Directors or any
other set Of men, should be allowed to change
the weights and measures of the community,
whenever it suited their pleasure, and that con.
tracts made under the old standard should be
executed according to tire new, the position
would deservedly meet ,Slth universal scorn -
ltwould be perceived at once, that the Bank
Directors or other regulators, could combine
among themselves, and agree upon day when
the standard should be changed, and that after
that day two pounds for instance should be
melted together ard represent but one. OF
course each man in the secret would 60 forth
and secure contracts for thousands of pounds
of cotton or any other article Of value to be
delivered at some period beyond the day thus
fixed upon for the change.
a. Can any thing be more obvious, than that
| when the seller is called upon for his contract
and is thus compelled to deliver double the
quantity he had anticipated, right is inyaded,
and the most fragrant injustice has been perpe.
trated' And yet precisely similar ia the result
which follows the power to expand and con-
tract the currency of the country: power
which the Banks now enjoy throughout the
Union, and that too without responsibility to
any but their own Stockholders. Is it not ap-
parent, that an irresponsible power thus toover-
turn the standards of value; thus to expand or
contract the currency; and thereby to enhance
or put down the prices Of labor and of all COM
modities, sn fact an arbitrary power over every
individual; is power to increase the rate and
expenses Of life Of every citizen. and to reduce
at pleasure the accustomed income of the me.
chanic, the laborer, and the Agriculturalst3-
1t is against this irresponsible power that the
Administration has been contending. 1t is to
ensure steadiness and certainty to the wages ol