Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1842-12-14

hod'ioiis W pTOtcCi, falHeI IMAM I'D piuHucI
The property Of Tie people, aud perhaps TO
its necessary. but announcement connexion
with some Of thos: benevolent. but uupro-
ilnble Objects of state enterprise aud bcne-
t%Iccucc, which must unavuidabIy cncurR-
Der aud oppiess. its ordinary business Trans.
%ac,ious.
In The midst Of all these cviierccs of
usefulness, lis operations, if not conducted
with thbse great results aud exoriitanl
profits. which a reckless disregard Of the
dls'resses OF the community, and al uu-
scrupulous use OF advantages, and If the
neans Of extorliou. might have realized,
have nevertheless been productive Of fewer
ln,ses. and more eIno!umeE,, than would
satisfy the reasonable anticipation vi L
patriotic Stale, whose motives. in estab-
fishing such all institutions. we're not ilmpcl-
led by an eager aud iaordiua;e cupidily
10 enrich her %coiitrs, By extortius from The
necessities OF her people.
The profits Of the past year, compared
with the Diminished rcsuIls Of similar in
stitutions, aud The proceeds of all other ia.
vestinents of capital. may be regarded rs
reasonable and fair. II is not to be cx.
pccted, that The mon:cd installations, of IL
patriotic Stale, should NOT sympalhisc
with The rise aud depression in the pccu.
riary condition Of lis people. i, is not to
ne desired by 4 wise and beucGccri gov.
crnnlcnt-It IS not TO. be tolerated by i
free and enlightened ~peuplc-that while
lis industry IS oppressed, lis labor unre.
warded, Tie products Of lis agriculture
altnos, priceless aud uuiuehsS lis rner.
chanaizc stale, flat, and unprof,alle-its
enterprise conducting to "a Jail, aud lis
honesty leading 10 the sacrifice Of property
To preserve faith uud characlcr,-lhai The
!unciionarics Oi its own mouied institution
should preside like i'll omeued vullures
over lhe wreck aud immola:ion OF those
hopes ant feelings, which constitute the
highest elements, IN tho character Of a great
and generous people. tru.t the Euau.
cial policy Of the State will be pros,iluted
to no such purpose. IT is enough. that
her fiscal operations have realized results
greater aud nure profitable than the hard
curniuss Of her oppressed aud luxurious
Ycomanry. u, in the yerY- design and
!ciniaaieI 10 relieve our agricultural IN
'crcs,s from tho pressure aud exiscncies
arising out Of our existing difficulties with
Europe, with what justice aud prupriciy
noi5. when the emergencies are greater,
aud the eTbarrussInents more ovcrw bel.
ming, caa this primary object be overlook.
cd, or neglected If there DC anything,
therefore, in The policy upon which j! has
been conducted, arennb!e to ccnsurc, j.
is that Of 4 tendency 10 sacrifice this high
cenary Il regard for large profits aud inor-
dlnatc einOlutnent.
The extension of farther indulgence. on
the loan 10 the sufferers by FIRE in CIIurles.
ton. would seem, under the peculiar cir
cumstances Of pressure aud embarrass.
mert which have recently ovcnaken their
enterprise, to be dictated by an enlightened
scnse Of the interest ofilie Stale itself, and
by all those motives ofplilanthropy. which
then prompted her generous policy. in af-
tordins that mode of assistance aud relief.
Stimulated 10y the liberal encouragement
Of the Legislature. the patriotic pride Of
these citizens confidently encountered eve.
ny difficulty. aud lazardcl every eSpedi-
eni, in The ardent effort To rebuild our dcs-
olated emporium. BY their fruitful aud
laudable rxcrtiuns. one Of the most inIpUr-
tant cities of the South suddenly emerged
from its smouldriug ashes. beautitied and
| adorned beyoud all lis former or original
a,tainments. But scarcely had their sue.
ccssfu! lajors been completed, before The
calamiries of The times, oppressively en-
pcricncci rs they had becu by NIL. fell
with peculiar and Overwhelming force, ou
those whom The ravascs Of sill grcaIcr
misfortune, and the expenses OF NJ unpro'
f;ablc enterprise, hal already 30 severely
stricken.
II is under such circumstances, AMI nj
such Il time as This, that the conditions
Of the !uan are iinpcral,vcly devolved ~
them; aud in falling to comply with whici,,
their deprecated properly is directed Ivy
The terms OF the net, To be sacrificed al
cash prices. Although oae-iourlh OF the
amount has already been refunded To 'hc
Treasury; yet it may be safely conjecIur-
ed. tina, q forced sale Of the whole of the
property now under lien TO the State, at
its present deprecated value, and on cash
terms. would scarcely realize the %reniain
der Of The debt sill due. The consequent
ccs OF suddenly Introducing into ne mar
kc, so large il portion Of The real estate Of
tho city, are obvious. and ought not TO be
overlookcd. among tho moral ani political
considerations which should influence yon
in deciding to enforce the requisilinn OF
the act. Tho ordinary privilege enjoyed
by every other State debtor, Of deriving
those advantages which credit sales SO !rc
nucniIy procure. it seems TO me should al
so be accorded in this instance; from n just
regard To The interest Of The State itself, to
the prosperity Of the city. and to those
motives orhcnevolence, which originated
the human %in,erposi.ion of the legislature.
The refusal ofthis State to participate
in tho distribution Of the proceeds Of the
public lands, has not without that influence
on tho councils Of the nation, aud the
'.public sentiment" Of her confcdera,cs,
which 50 high an example Of disin,ercsted
patriotism aud unpurchaseablo adherence
D., ,o,e,irufiouol nrinri,,ias con never fail