Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-08-19

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Tion, ,li.isLic II nil appear TIT ,he hoHhstf
and Etsictn States we're strongly opposed q" ~
II nh; that the Middle States we comparatively
ndtferept ~ Ia us ilc vhilst the 5 uih aud Nfsi
carried The bill giving reatly iva thttds 81 iltelt
votes ~ II, lay I. his = very sinhiee ihrl al
II has gwen tse to some re6ectpns N my nh Il -
10 the probable reason oi II, AID inSir ihr aH'i
non ri m, hl.nds fram SOU tnoln1 especially
Ia one winch has presented lisell Ia ny M
We 81 the South have AWAY. opposed ~ II io'
utoteriIlu. on the ground thai The du1y cuban
+ ccd the pfue Of merchandise, Md lhti TIE 'onsh
+ ncts IN the South ultimately b.fc he burden; o.
f IA othct words. ihlttlr dnls "as b'nuiy to III
Northern manufacturer. winch was pad III S"uil-
rrn consumer. Wuliout pretending 10 discuss lhf
ptcctse extend To " ieh tins stguneW IS s"utd, !
AN wi ng, otthc present, IN admit - ruth 10 ilir
fall esttnt lut il us Sc II ticte ~ not tnot -
mode ri tlxiug the South aud Nestlor The bcaah
Of the Mouth. winch - equally oiJee1l"neb e ~ pm
cpl, aud tqp1y Grrrous IN practice. ! allude TO
the de- IN ciueui IA The eXehaug oi the county.
w Al hno" liat the Northern the importing
aud manufacturing States, wl1'e the Southcrn are
the consuming Stues. Ia lsl6, Mr.. McDnflc tells
Us IN his rcpor the average rate Of exchange bt-
tween lhe Northern AID Southern dais Gus OF ihf
utpu was about ten per ctnf. - taFof oil tie y III,
and II . e. del less nov.
NV. how did thls arrangement operate practical
y! aud how does It operate nov! lne W ole a.
mount Il our imports are now csttn'aird at ""f
hundred and 11uy millions 81 do.ias. Let us up
pose that h.tN millions 81 tbs amount ue consumed
IN The Southcrn aud W. stem States. What i
the process ahloh mus be passed through before
these good, afr consumed! Ia In hr,t piacr lltey
arc imported Ito The Nnuhefn cttfs, 1ndthe South
cfu ufetchat - here TO lay IN lcr supplies,
They q her take with cui her heal laftt, Which
IS al Discount Of ten per cent, Or they pay pr
MUM ten pr ceaI. Al home or i draft On oue Il
Ip M l,t | / "A
"tjh them "a mari cl tn not able 10 bay goods
with II nj cash ltiCrs, aud thfy az, thctet fe 'oin.
PEELED either 10 go 10 lhe brokers Shop aud have
The mnncy shir,d at ten per cent, ct tey let Tie
merchant Indirectly tufn bn hei aud exact the pr
miu "a ia the enhanced rricc 81 thu 20 d.. W hal
do Ihr southern meIci ants do mex Do lhry lnsr
lhs ten per tcut out ot ther ptol =! By no
mcats. The ouni pad ~ prem un ior the
dr. the amount Pad To the brok cr - essential,
lu,t Is much an Of the pticc paid iof thr goods
= The amount pad 10 the importer. ! lie merchant
regards II. IA tlNug his pr &C IN hs 20 Ids lc
always adds 10 thu amount pad IL The importer
the amount 81 The brokerage OF premium. and then
aSs hls pt0hs the eggtcgai'; AID the Consumers,
the tl#u,rIs aud Planters Of The country, pay TIA.
whole, Aud who crJpys the bcuth Is II not TIT
brokers' aud nancy changers Of tie Nrtlil beg
gcui.cncn 10 leok al Ills pro- osItian seriously. Il
The South cobsun es fly millions ol imports, and
1 lie brokerage, 81 #ptcmlan OF exchange IS tn
per cont ask, docs II not operate To tex Tie Souh
lhe amount 81 thai ten Pr cont, OF I've mill ons
o duaIs, tot lie bcnefil at the Nunh! OR, 10 bring
de case home Ia ourselves, do not tie constituents
II every gentleman on lhis hoor WHO consume
SIto COO woan Of merchandise brought ifnm the
Nntlh, pay laN to lho Noiihttn lluhtis 10 the TX
len OF five ten thousand dollars, as Il G rae
oi xchhnge may happen 10 be i've OF ten PEI cent!
| lul aware thai tins state o1 things could not con.
unue etm,ncally. but It Is always tire SC upon
any sudden aud violent Ievulsron III the business o
lhc country which dist Tbs the currency aud DEAN
Grs tie tNthanErs. May uet Ihis view ui the 81 b
J1o furnish some clue To tlle reason winch governed
the soits OF III dilofcul sections ii the Union III
ltibi Gu Northern brethren ate slrr"d aud sa=
Eacl Us III ccing lhtn mt,ifsts, aud II thy found
III At the arrangement uI the MY WAS '.lnuling
IL thc1 hcut H. J. II Il matter OF sutptsc hdt TIN,
should be opposed 10 = bank, which would restore
uniform currency and ,qutl n rhe y, hmgrs, and
deprive the swarm oi brokers and mnury changer,
WHO atmaysteap III the hc d ol detangrd outIents,
ol the neh baiyrsI winch the, wctt gathering. The
/ Middle county occupied a position Of comparative
ncu,fany, aud hence you fl ID that tie tcfre- cnta-
,iou tom that country almost equally divided,
nh'slthc South aud West. who weio the prlnc pal
sufferers, were the warncst advocates III bank aud
lis Consq utnCes-a sound currency aud exchanges.
II tAs view Il the suhlrct be Curfrcl "a regard Ia
The year Isle, Is II MOI equally caIttct IN regard
+ TO the pi,cnl iimtl And cal upo members hom
the South aud West to sly whether the interests oil
thcr cor sututnts do not imptr,uusly i,qane that
thtS sh0ud ION 60 loi u laak!
Having thus presented an outne Of the polilica
history al the bnr Is. propose TO submit lev obsri.
vaIons IN regard to II az connected mlh The cuttrn
cy aud business 4 the country. have arcady al
yotlcd 10 the III cts OF the bai X Of l7ol IN roster
my TO he country sound currency, aud | shal
not rr.ut n 10 that earl, pcipd of our history, I'm