The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-08-03

bought and siIeneea-your press, subsidized and
muzzlcd-your sentiaels corrupted, and your lib-
erty lost.
Fellow citizens, is MONEY KING, in South
Carolina, with his Briarian arms-his satraps and
subsidized tools throughout the Dstricts-less
odious, less dangerous to the rights. and liberties
of the people, than Money King enthroned in
his marble palace at Philadelphia, with his
deputies throughout the provinces of his wide
dominion-the union?
Are the people forever destined to be the VIC
tins of humbugs? Are their energies to be al
ways wasted in pulling down one form of tyran-
nv, fraud and delusion--A National Bank for in
stance-that another, Bank Of the State of S.
Carolina-may rise up to ride and rule over
them!
Again, mark the deplorable inconsistency
of those who rule in the Bank of the State of
South Carolina-and rule by i,-the party
the clique, if you choose-They proclaim, (and
win the confidence of the credulous people, by
their zeal in vindicatng,) the principle Of " THE
DIVORCE OF BANK AND STATE"--(to be car
ried out in the great measure Of "DELIvER-
AycE AND LrpERrY"-the SUB TREASURY and
vet 90 on to unite Bank and State as indissolubly
as the Siame Twins. Champions, par excel
lence of hard money! or at least of perfectly con-
vcrtible paper currency, "resting on broad basis
Of coin,' they are, at this moment, pursuing mea-
sure-thc issue of one, too and three dollar noes-
the certain effects of which, they know to be the
totM expulsion Of all coin, over the denomination
of fifty cents, throughout the whole sphere of the
circulation of S. C.. Bank notes-making there
by, delusire show Of profits, at the expense of a
salutory and profcssedly cherished principle Of
their own-sappng the foundations of the paper
structure, and rendering suspension inevitable
on the recurrence of the first serious commercial
rcvulsion.
Now, ask-T ask every unbought freeman
of Kershaw, Sumter and Lancaster--upon what
grounds of sound political economy, or honest
financial policy, should this colossus, this con-
trolling engine Of political power be contin-
ued, or, rather why should not its unWieldy,
dangerous and unproftablc mass of funds
be diminished. Why should the State con-
tinue TO borrow money at six per cent that
cannot, upon any sound and salutary principles
OF banking be made to yield more than five per
cent! Why should the laborious and prudent
many be burdencd, their property ard labor mort
gagged, that the luxurious, arrogant, reckless and
profigate tew should be upheld in their career of
folly, extravaganza and fraud-I ask The people,
the many, not the bencfciares, whp
Is it necessary as Fiscal AGENT! Can Sub
Treasury naen-the champions of "Dirorce Of
Bank and State"--hard money men-have the
unb!ushing hardihood tc- pretend that the vast
revenue of the Union--this great family of ma
tions-can b, safely, conveniently and cheapy
collected, kept and disbursed withom Bank
and yet assert, that such an agent il necessary
for the State of South Carolina, with her revenue
of only S250,000! They dare not and will not.
Is IT PRoF1rABLE! l appeal to the record
The last Report of the present able President
shows, that, after the lapse of nearly thirty
years, there remain, certainly, no final profits,
while, during several recent years. the income
on tile whole trading fund has fallen short of six
per cent. and that as a mere question of dollars
and cents, the State has been doing losiness-
or at best, has escaped absolute loss but by the
skin Of her teeth.
Why, then, l again ask, should not its unpro-
ftable mass of funds be reduced to sum upon
which proper dividends can be made! Why not
ultimately, ABOLISH 1T ENTIRELY!
Why not, at all events, by a process slop,
gentle and salutary-apply portion of the COL
lections, from time to time, to the redemption of
the State debt! Why not do this no,c, rather
that at "one fell SCOOP" at the maturity of the
bonds! Beginning now, and carrying the opera
tion through series ofyears-say fifteen-there
,coud be no pressure, no disturbance, no conru-
sion-all would 60 off gently and healthfully,
and the machine might thus be raced down to
the proper dimensions and the State debt ertin-
guiShed by process unseen andrnfeh.
Who can give an adequate reason against this
process! Who would object! None, but those
who owe the Bank and nerer erpect, and nerer
intend to pay; or those who wish to borrow ne
yer 10 be paid-those who design to "rob the ex-