The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-09-03
Fysu tAs MadAshiaa'
A PLAIN TALK ON POLITICAL
MATTERS.


Nofsd Ssra ky Par Pigughbsy.
rH,Kp D.r.-7Es CEsdii Syatsm.
Csusas. When us pared yesterday
zen wsrs spssking q banks. nd sssasd
4 supnoss thsy nlghs b blsssiags: for
myssli. 1 shlnk &c have hsd enough q
.hem. snd wish % srs the gossfnmsni
divorce itself from Them. Ian FER he
sub.,ressury and hard naasyi ! want
po,hing bsl.er lhan gold sad silseE when
4 have that. | know shat ! hass-nos %
vi.h bank nolss. lhsy may b worm
something or aching
Col. In. And suppose yoa are cP-
ncsed 20 he credit sysleml
Cspiaa Csruialy. n re hsd not
had he crsdis system in this country. &c
should mol have had % many bubbles. u
il nothing bul . balloon; . hing puneo
up with wind, on shich msa riss very
high. but whirh generally hufsls and isis
Them faIl 10 The ground. -.
Col. n. Ishoald rather eompare y %
Q friend. that supports The ~eak unlil
they gel strength % walk alone. Take
nv own case. Mr.. Cspias. - IN illussra.
non. LEARNED The trade of tanner and
eurrier, and worked several years 10 .
iuurneyman. had The good for'nns 10
gain The confidence Of my employer.
Upon mentioning 70 him thai ! should
like 10 sci up for myself. IL had eapi.
.al enough, be offered 10 lend me whale-
yer sum | might wan, for that purpose.
To make q long story short. look BIN
II bis offer: commenced The tanning bu.
siness .'on nv own hooks" and sss ..
BILE 20 nay him principal and interest IN
in shout four years, and hare enough Of
my own 10 carry on my business. Bui
whst would have been my condition 10
life but for the credit sysIemi Instead
Of going into business. and making
enough 10 retire 10 farm and live upon
40 | hare, | should probably sill be .
journeymsn with . family Of hslf-fsd.
half-cio.hed. children around me. DOOM
ed like myself 10 eternal labor My own
case 10 that Of millions Of our snlsrPris.
ing American cilizens.
Capias. gran. that the credit sys
Ten may work sslI in some individual
cases. but still think IL would be better
for the country q, large, if !. were done
away with.
Tie Hard honey System.
Col. n. see you are opposed 10
banks and credit, and 10 favor Of shs hard
money system.
Capias. Yes; | would establish gold
and silver a. The only currency. and LEI
prices come down 10 their standard; and
This 10 what Mr.. Van Buren, 10 Tying 10
do.
Col. r. II seems 10 me 10 be . strange
way 10 accomplish This. by issuing some
fifteen or twenty millions Of DOLLARS Of
treasury notes, and then take Them and
reissue shem again. shsrsby making o
currency OF them.
Capias. Don't The Government pay
ils creditors in species
Col. X. SoxE OF them. office hol
ders aEd favoriles. but no others. Mr..
Benton gets his elghs dallsss . day sad
mileage IN specie. and has sold il - high
- ten per cent. premium for What lie
calls bank rags with which he pays
bic board and washing. pocks,ins The 10
per cent! And This 10 the author OF your
hard money system! Bot The ordinary
creditors Of The Government can gel no
hing better Than treasury notes and bank
notes. This 10 making one currency for
The Office holders and favoriles. and sno.
.her for The people. the justice oil which
| cannot understand.
cGpias. Well. Colonel. IL We destroy
the banks. and have nothing but hard
money. you could not complain Of there
being two currencies.
Col X. In that case ne should have
hundred or none al all.
CGpias. How 90 +!
Col. II. Why. there 10 not specie
enough in The country 10 snswer the pur-
pose of a currency, and We should there
lore hare 10 resort to a barter sysem:-
say bushel OF wheat for this; bushel
Of corn for that. and % on; or We nigh,
sdoPt The sys,em in existence in Ten.
nesses in tho early settlement Of tia.
state. and before banks were established
there, namely. TO make deer skins, bear
skins, and coon skins. . legal tender al
30 much piece.
Sapias. do not agree with you that
there 10 not specie enough in The country
Tor The purpose Of a currency. II 10
true dollar ~ that case would represent
as much value as five do now, and a
cent would be worth as much a. five
cents now, and 90 on.
COL n. According TO this, a house
nov valued At $3.50. would then be worth
but 500 COW now worth s25, IS, and
so on.
Lon Wages System.
Capias. Yes; properly would all come
iown. and labor tho. in the same pro-
portion. A bushel Of wheat would sell
Tor 20 or % cents. and the Iabnrer would
work Tor 20 or Is cents day, 80 tina,
i would be The same to him. He could
BUY Just a. much for his famiIv's nae