Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1842-11-03

therefore, MIR. Biddlc entered Into contest "
this hero OF two wars, he forgot the wisdc
OF the Spanish proverb, THAT Inc who s,
down to dine with the devil should eat witt,
long spoon What has been the result of iii
feast, IN broken meat and empty plates, yt
well know. 1t has left our country palsis
'ndeed--hungry in flesh and poor in spirit
doubt, since the creation of the world, .whetl
err such an example can be exhibited as "
have presented for the last sixteen years Z
FOLLY and misgovernment-NoS Southern plan
ter would permit his plantation for one hou
to be governed with such lack of sense an,
providence. The Caflrays and !Iottentots, il
reference to their condition, doubt not hav,
/, been governed with policy far more vigilan
and enlightened. -,
country OF immense resources, in peri
Cd OF profound peace on the verge of bank
ruptcy Any man who will read Hume's es-
says on Public Credir and on MONEY! can
oe at no loss to trace our present condition TO
us true cause. We have been suffering ever
SINCE General jackson DESTROYED the Bank of
tue united States, with the exception Of a
! snort period OF dis,empered initiation created
! oy ms own measures under a steadily dimin-
| lshing circulation, which the eminent phiioso-
Pher to whom have referred has declared TO
DC one oil the worst calamitics that can befall
civilized country-far more disastrous sthan
'ae continued blight of unfayorable baryests
ana seasons This result has been, first. IN
'he constant action of the Federal Government
"rlhe'r supposed meditated action or the Banks
OF inc states, which created universal ranic,
t'ia; has compelled tho Banks 10 Withdraw tle;,
circulation and next, the General Goyerna
ment permitting TO remain in criminal abev.
ance their sovereign function TO supply a cir
rency equal to the wants of the country. and
'to regulate its value'
ne consequence is, that the States have
nothing IN the shape of credit. or MONEY !,
nome, 10 pay with abroad. Every species az
property has fallen from fifty to one hundred
per cent; and the standard of value so serious
~ disturbed, that man in 1896 might have
had property 10 three times the value of his
deots' yet he Is now ipso facto ruined by the
silent transit OF our country from a redundant
circulation TO what some are pleased most fe.
iiciilousiy to call hard money CURRENCY
wheh me TACT Is that we can procure neither
that which is hard or soft
BY this alteration in the standard of value
revolution Is in portentous progress in our
country, as wide spread and desolatng, as far
as property Is concerned, as that which distin-
gu'shed and illustrated the masterpieces of
human policy of the Robespierrcs, Dantons
and Marais of another Inflated country, which
IN Its time was governed by its tlamagogues
too, who made paper money SO thick that il
showed assignats in the streets of Paris. and
then turned round end burnt in their phrenzv
Their own handiwork. Look, my dear sir. mt
ihe thousands OF families that have been ru-
ined---tliat have had unuiterable woe carried
INTO the very bosoms of their houses. by the
nosirums Of our political quacks, who in their
senseiess war on the very banks thew created.
by
the intervening discords' for the country Ia
pass from period of expansion to one of Sc
we're and arid restriction. ~
10 those who have been ruined IN tbose
unhappy times; whose estates have passed
af i MNli s5AhsEG gslpe Of The sheriff The moral
borrow money ought TO break doctrine
out Of which their creditors are likely to derive
as little comfort themselves, although il
must be admitted that the General tried all he
could to secure this blessing to the country.
But, my good sir, the day Of reckoning must
come. The account will be adjusted now or
by postcriiy hereafter. One of its first sums
will be to settle what the victory of New Or
leans has cost us. These are generally expen
Give pageants any how. Bonapar;e probably
never achieved one for La Belle France, eX-
cept to the tune of twenty millions of francs
to say nothing of the lots of Cracked crowns
anu DlOouS HOSES iiti fcit OH the Helu Oh DatIe.
But his victories in cost, were no more to be
compared TO the victory of New Orleans. than
ii penny whistle is to Baron Munchnusen's
celebrated clarion under an April t!iaw.
calculate that the victory of the Sth of Janua-
ry cost us FIVE hundred millions Of dollars, be-
sides the small expense of entaing upon the
country "a set of drivellers whose folly has
taken away all dignity from distress, aud
made even calamity ridiculous.' You will
say. hold. You and !are greatly responsible
for this ]ero's getting into power Yes, tits
truc Willingly would expiate this sin, sir,
with ny blood III, could recall the fatal past
But this is impossible. Letus look with cour-
age and resolution TO the fitnre--l care not
what Your absrac! theories or banking are,
whether they agree with or differ from my
own. believe you have, as you had at the
close Of tie late war, the resources Of mind
! and spirit to lift the country out Gifts present
deep decadence. Yes, my dear sir, believe
your ambition and your genius are on a level
with all Dist is great and glorious in human
action anG enterprise. The field is before YOU;
| take the lead in some great public mcasure,
whether ii be Bank of the United States or an
Exchcquer agent, it is immaterial, so that it
shalt restore confidence, invigorate industry.
| give TO us an abundant, sound, circulating me-
dunn, and drag up from the deep the drown
ing credit ofthc States. Do this, and if the
first honor of the country does NOT await you,
its last blessings will rest upon your fame. :.
4 Dear Sir viii,