Lexington union. (Lexington, Miss.) 1838-18??, 1842-10-01
PAPER SYSTEM.

ollowlng chapter on the secret history of
he paper system. We subjoin it, that all
may see the NAL effects Of this odious sys.
EN-:
notwithstanding there is much appa.
rent pecuniary distress and suffering in ali
our large cities, arising from the great in
action OF business in which the aborinp
portion OF the community have been &C,
customec to find employment and support
there Is, we believe neverthe LEES, far more
poignant cases OF intense suffering among
those whose wont has been to dispense pat
ronage and Pecuniary aid to others. The
great hurricane that has passed over the
widely extended field of stock securities.
IN many cases sweeping away every yes.
lage OF value, and greatly impairing all.
has carried. not only hagQard want to the
hear'hs OF thousands, heretofore surround,
ed with competence, If not with affluence
but has added to the suferings of the pers
son the keenest Affections of The mind
The failure OF the United States and Gi.
rard Banks have made thousands of such
cases in this city. We pass daily hun.
dreds of well dressed persons, who if their
history for the past two years were written
upon their foreheads, would excite far
more compassion than the 5eggar who
never saw opulonce and to whom we in.
voluntarily extend our sympathy and our
charity.
twas but yesterday that we were made
acquainted with the history of family Of
iemales-an aged mother and three daugh
ters- who, before the failure OF the United
States Bank, were worth thirty ,honsa nd
dollars. The whole of this sum was vest
ed in the institution named, and from the
whole OF which they could not now proba-
bIv realize over one hundred or two
hundred dollars! They dressed and lived
during their prosperity az their amount OF
property seemed to justify, and without
preparing themselves in any particular
vocation with which to struggle against
competition for their living. When ad-
verslty came they could turn their hand
to no occupation with profit, even had la.
Dor been offered them. The apparel that
they possessed when their misfortune befeI
them, enabled them to attend their church
and appear in the street respectfully clad.
until within a short time. 1t was known
that they were among the victims Of the
nj nd oi hn In,
their friends and acquaintance supposed
them far removed from destitnlion. With,
in the last few months 1t was first obsery-
ed that one less than the usual number
appeared at the same day at their place in
the church. Then, subsequently,, it was
noticed that two of their number v ere nh.
sent, though not always the same. So.
on receiving The calls Of their friends, first
one, two, and then three ofthe family fail.
ed 10 make their appearance. This, at
length led 10 pressing inquiry as to the
cause, and 10 a recital of their wretched
condition. Their wearing apparel and
every thing else that could be converted
into means for procuring nourishnent had
gone, article by article, until dresses were
not left for more than one or two of their
number to make themselves public in, and
for the last six weeks before the avowmen,
of their condition, they declared that not
an article IF the food kind except potatoes
had passed the lips of one of them! 1t
would he impossible TO describe the men,
tai anguish that was experienced ID parting
with the many links Of former comforts,
as they were, one by one, handed over to
the tenler nercies of The pawn.broker:-
perhaps mementos Of dead husband and
father; tokens OF affection and love that
The mother would not have parted with for
her own sutieriugs, but which we're Weld.
ed up TO save her children from want-and
which those children reluctantly consented
to share, for the purpose OF saving the au.
thor of their being from the Cravings OF
hunger. This is an affecting situation to
contemplate, in land Of plenty, of the
hunblest Of our species, but when we re.
fleet The objects are those who we're reared
on the sunny side Of fortune, it is peculi-
arly so; and we hope, with The many sim.
liar cases, will not be lost sight as heavy
items in the account against the advauta.
ges Of paper money and b!oated system of
credits.