Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1842-09-17
From Tie SOuthron.
BEWA OF NEW ORLEANS SHIN
PLASTERS.

PLASTERS.
Well, gentlemen, the corn crops are
laid by, the fodder is gathered, and the
cotton bills are opening; their Jaws ex-
posing their wide mouths stuffed iull OF
cotton, inviting the planter TO pick i from
their throats, The planters will soon
gather it make il into bales, and have it
ready for the market. What sort of mo-
ney are they going to sell it for? There
lies the rub. viii they sell it for shin
plasters ard New Orleans paper money!
Ii they do, of what avail are all the i'm
provements made in the science Of agri-
culture, and all the Information disseln-
mated among the people as TO the best
mode of cultivatlng the earth, if at
the end Of the year, the fruits of their toll
are to be exchanged for worthless paper.
| am no financier, no adept in the mystic
res of banking, but have been an ob-
server of the course of financial affairs in
the city of New Orleans, the great mart
for our cotton, Last winter and spring,
while the cotton market was open, New
Orleans paper money was at par: the cot
ton market closed. and the money fell
From that time until now, the New Or
leans paper have been deplorably depre-
Grated, and we have parted with the great
er part we obtained for last years crop a,
ruinous sacrifices. The very money we
have parted with at heavy loss, by the
course Of trade, has found its way back TO
New Orleans; the cotton crop is about to
60 into market, and now mark the policy OF
the New Orleans financiers, that Uery mo-
neg for which we sold our cotton last year
| that pery money which deprecated on
our hands during the whole summer, and
upon which we lost so much, is now slid
| ing up by sly and cautious steps, again tn
do its dirty acork in the cotton market, and
when its netareous task shall be accom-
plishcd--when our cotton is exchanged
for it, then it will stink back into it's de-
preciated and worthless state on our
hands. Let the cotton planter be on his
lguard- him to watch the
coaFse of financial operations, and exa-
mneHor himself, whether or not the i'm
provsms"sv ia.vthe New Orleans money
markets. n6tybrced, md Without Sany so-'
lid foundation in fact LIZ him ascertain
whether or not it is ruse by which finan-
ciers expect to palm off this ,oorthtess
trash, pamped up to serpe its base purpos-
es for season for his rich staple, and
when they shall obtain the latter, leave
the poor planter with his cotton gone, to
brood over his useless money. In Kinds
county, suppose we will raise about
twenty or twenty five thousand bales Of
cotton, which will sell for something like
half million of dollars, at S25 per bale.
Let this amount of money be introduced
into this county in specie, and let it roll
over the county, and it will sink the in
debtedness of the people to an amount in
calculabe. Every thing we purchase is
Il IL % 80 .~~~"ias standard and eyesii
i ,yOsIstn 4----'~"--- =. .@~'
thing we sell ought to urtng specie. Cot
ton is the commodity that will bring the
specie itself, and we have the cotton, ana
if we are true to our own interest, we VIII
take nothing but the solid stuff for it. y
we do this, the Mississippians will soon
see that perry money which is now beiag
patched up in New Orleans for the par
pose OF purchasing our cotton crops, WIN
fall dead on the hands of those who nod
Lit, with no other intention than by Its
means to steal our cotton. Let not the
planters be delnded by the cry, that 1t IS
equal to I'D and silver, into the ticking OF
lit. IF it is equal, let lnem convert II mi"
tyold and silver before it leaves their
hands, and you take the gold and silver
and then there can be no risk. wish %
see orr State recusitate and throw oft the
trammeIs of a rotten and deprecated cur
rencv--to get the gold and silver in ouI
own State, and if we want Louisiana shin
plasters, price them and buy them at oul
: own rates. These remarks have been ell
: cited by observing that, as the cotton he
: gins to 90 INTO market, the New Orleans
money market begins to crawl up. Th'
game il too open it is as strong as opci
and shut--and if we have eyes and SCI
not, Ml. blindlv run into the trap set Tor u
/ bv New Orleans fnancers, we deserve L
be made tributary to them, and ought I
A bow submissively to any grievance
' which they may deem fit to inflict upo
). HARD MONEY.
!. COMMERCE OF NEW ORLEANS
. According to Cook & Young's Price
i. Currents; The total value of products of tn
a interior brought to- New Orleans, durIn
h the twelve months ending lst of Angus
"a 1919 is estimated at S45,7 g, 900.
II The receipts of cotton, during the sam
e time. have amounted to TAO, $50 bales.
~, r loo, ,,aar ahout on