Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1842-04-20

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a S:Ss sss "a tlsr n atIIoslai 'slss 81.
sssI Is 8 II as i6osl oesisiGii
III I'M II y sislr - ffeces-
Il, ss,ors 81 81 sernmon,'
Is IcsS ! States Bank
Is lhe Deposite act
took The surplus public
BE Stale banks, and placed
se States themselves, in pro-
s. their representation Moon
Ia May, 1887, The commercial ex-
ion took place, in which all the Banks
,oF the country suspended specie payments.
These events, form an era ir our financial
affairs, and produced a separation OF the
Government, from ell conreXion with banks
of every kind. Newerc then in situa-
tion tn reform the Government, and place
il where its Republican trainers intended
j, should 10 when it was created.
The assumption and funding measures,
together with q Bank ~ hich Hamilton was
enabled. through the debts incurred durlne
our Revolution. 10 engrafi upon our sys-
tenn in It's infancy, had entirely expired 10
1887, and we were then lell nnlrammelled,
TO take a pure and independent course,
free from all national debt, and unconccI-
c,l with al, Banks.
Bu, there was great individual indcbt
cduess in the country, together with cor
poralion aud State debts, amounting 10
near S20O,000, The Banks had sus-
pendeJ, aud payment of'lcbts al home aud
abroad was demanded in available funds.
Tho pressure wzs intense ia ali classes Of
the community. Suddenly party sprung
up who promised uneasy payment Of debts
abundant noaey--a sound currencv-
stability and prosperity. Men high in pluce,
and long known TO the people, solcmnly
pledged themselves to produce these re-
suits if power were given to Them.
The people, pressed down 10 despair aud
madness by The corvulsion Of the times,
readily gave listening ear TO all these
promises. They were ready To ay TO un
known ills rather than bear those they had.
The party making the Iarses, promises
Of asrariauism and relief, were brought iu-
TO power. And what have they done !! The
people asked for bread, and they have re-
ceived stones. They asked for water and
have received vinegar. II has all cnded in
delusiou, deception, aud fraud. And i, IS
now palpable that there can he no perma-
nent relief but in econemy-indusiry-en.
,erprise-and honesty. |, is i fatal delu-
sion 10 suppose that any Government can
pay The debts of any class in community.
without sacrificing 10 that extent the inter.
est OF some other class. We Tough, the
battle upon all The great public issues that
the Federal party rendered 10 US in their
measures at the Extra Session, and the
people are now with us. An enlightened
public judgment is clearly against them.
All practical men, not engaged in politics,
view their Bank schemes as delusivc and
visionary. They hal promised reform,
and rcduc ion OF expenditures throushoui
the Canvass, bat when brought into power
they nearly doubled the expenditures at
once. They increased the public debt to
near $1,000, Your taxes
by placing twenty per ccnI. upon almost
every thing imported; and. as Tito show
the very desperation Of recklessncss and
pgoiligacy, lbey, a, the same time, divided
amongst their camp.iollowers the plumber
of your public domain, These public
lands which they have squanderc'i, have
been heretofore set aside as permaneu,
basis, upon which rested your national crc-
dir and The stability Of your national re-
yepue. Not satisfied with all this, they
now propose to raise your taxes still high
or n, this session OF Congress, which. ac-
co,dinS 10 Mr.. Ciay's plan, ought to reach
almost thirty per cent. upon nil importa-
lions. And. o, The same time, every De-
parlmcnt OF Government has called for
new and increased amounts Of appropria.
lions. Can any Ihins exceed the hnrdi-
hood md shameless ciliunrcry OF these
men, who have thus openly lalsitied, in Il
few short months, every solemn pledge
they eyer made TO a confdins, but betray-
cd people!
We arc now At a turning point in our
public Affairs; and the ercn, pu"siions are.
whether the Government shall be plunged
back neain into thai policy, out o! which
our funding system and two National
Banks were crea,edl Or. whether we
shall he reduced down TO simple and ho.
mes, Government. suited 10 the wants Of n
free and Republican people I! and these
arc imporinn, qSestions for an ntellieen,
pubiic TO decide for themselves. ltisa Ia
ial mistake to suppose thar national debt
"a national I,unk.-u high revcnue-and
hich expenditures, ate cssenlial 10 strong
and efficient Government. The day is past
for these measures 10 give strength. In
the infancy oi the Republic. such views
nigh, be plausible. but We have vastly
changed as u people since lhcn. Oar union
our s,reng,li--our indePcndeuce-nrc
now established beyond the reach of any
earthly power. Onpublic matters We are
now educo,ed and informed, and i,here be
any one feeling more prevalent than any
other, il is keen aud sensitive jealousy
towards the moneyed action OF The Fedc-
raj Government. a desire for peace. and
The acquisition ofproper'y, IS The dominant
characteristic Of modern society. The ad.
n,ira,icn for strong aud powerful Co
vcrnmenr, welding the lriumphs of the
sword--encouraeing The glory OF arms
and ,niuistcring to va!or and heroism. has