Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1842-08-31

have had the eHec, of enriching the privi-
legged order Of stockholders. and running
or injurins almos, every body else Z! Why
should they not DO abolished Who eau
give any good reason why this should not
be done! Whu woull object? answer
mono butthe privileged order Of stockhpld-
ers, who live 10 6ne houses, and ride iu
their carriages, aud live easy; while tho
poor and hard working classes are ioiliug
10 pay them interest money, or perhaps 10
be cheated out Of portion Of their earn
iuGs, by some Of their shaving operations.
would ask why are such rights aud pri-
vileges granted 10 the monied aristocracy,
in republican government. which prom
ises equality and equal rights tn ALL Why
should such powers and privileges he con-
ferred on any SET Of men? They have
the power to create mopcy out Of nothing.
and they have the power to use this money
so as to have the poor and the industrious
working for them.
What advantage have these Banks been
to the country? They flooded the coun-
try with a paper currency. which they
could no, redeem when called on; they
created an inordinale spirit Of speculation,
which made every body exuavagan,, and
ran them in debt; they deceived the peo-
pie with expectations Of accommodations,
which they are no, able or not willing 10
continue; and they now use their power 50
as 10 control every in,eres, adverse TO their
owu.
Feilow-ciiizcns: the times are difficult.
beyond measure Mammon has s,alked
forth from his dark hold. and his votaries
and victims have filled ,l.c land with "war,
pestileuce and famine" The enemy is
in the field, aud we must meet him. and
war agains, hir., until we drive him back
TO his dark aboGe. | would recommend
TO my brethren, the planters, to send no
man to tie Legislature who is opposed 10
the Bank oflhe State. ], isyour own in
s,ilution, and the only one in the State, in
which you have any interest. II VIC had
20 other Bank but the Bank Of Tho State
aud its branches, ell the profits accru-
ing from Bank Capital would go into your
State Treasury, instead of going into the
pockets Of private individuals, who make
paper money. and have The poor and the
industrious working for them. lf,his sys-
tenn were adopted. in q short time your
bank could pay OF every debt tho State
owes; aud The privileged order Of gentry
who are now pockering the profits Of Jour
labor, would have to go to work them
selves.
An attemp, was nude at the last session
OF the Legislature. by the stockholders Of
these private banks, tn reduce the Capital
Of the Bank Of tho Stale, bu, they failed.
So tina, you see, they nro not satisfied
With their present powers and privileges,
great as they are, bu, wish to monopoIize
all the Banking business and profits Of the
State.
| II is the rule Of The House Of Rcpresen.
tatives, that no member can vote on any
question in which his private interest IS
concerned; and yet these privileged stock
holders voted on the question to reduce
the s,oct r. t'ank Of the State, and
are 50 '-.aG5 Of then, in tho Legis!a-
49,, ~ ts"c very ncar passing the
is.,sasy:re.
-F-s 1sdnte5 who ooE them own
s}Se-e alto Banks, aud whether
q .-y-r.~,seu.lo the Bank Of the Stale;
and j would advise you to beware how
yon send men 10 the Legislature to legis-
la!e for their olcn prisatc interest.
Fellow-citizens: we are upon the evo
OF great crisis, and it is time that wo
should look to our own interests. If we
neglect TO take care Of ourselves. in This
matter, wo will be the slaves Of the Banks,
brokers. and shavers, and If we iancly
and quietly submit, wo will deserve our
fate.
PINCkNEY.