Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-07-21

- so1a mere should BE- IcI I, ~ e. 80
Fprth i've hundred u Vars. II ,he ,erms >
T0. sale should q one bod ia d 'ioub. ara ~
balance "a four ann|1I RS. Yo.l \, ! ,
n9g suppose The day Z sale .kaf among ~
say elfdels isa wealthy k|1fe MAI ,rus. o1
sais lnf iaish 81 bis pSoPer| IIorI ihat there Z
NJ aiSo an honest. induiiI|cos kman 81 me
'oS ehhnic who wants d. ra1bpertt. The
gef taaaesRan, you may 81 hnshe 6is, dollar
me o. ne cash payment. Noub may borrow
IN ne hrss Paymknl Of al ieii or Of ! hank.
PC may safely bid forte nv. aud by lhe
Id sl1e the last payhe6 4 ,|telurn What he
as owed and be the rlhome. On the
nt other hand. il there i1io kcredis. the rich
Jas kaaye lfor have sun ed casey gess clear
We 81 competitor, and ~ .kbperty Al his own
- price and may addIu< 1ely rents il Al ID
a, fxqronant price (perhs "a 10 an annual pay
r, llsll Igf ~ 70 he iosFid tfadesmhn, who.
n " reasonable cr4 |31 himself have be-
n come The purchaser. y II, have owned
~ r29t5fe and lhe beafA 1nd 9hich his vide
s..l.a.s s-nsfs Ast BE isa tenant and
erow-beali9G scoWls kf xarh,r ferdIine,-aDd
g All the 'tsPnrns thatk sr;,,s Is too OMEN
I. doomed 70 eadpre frouifunvotl
/. Many other instances 81 Be addused OF The
s sfme character, illustfk ths adEantsgesof
!, credit % The honest, inFious and enterpris-
I Ipg- Indeed, in lookindund Is We shall ind
4 20 every hand, and in ak varied voca,ions Of
III, lne most useful mers ef society aud its
I e1'gnsest Ornaments, wiwe ali that they are.
: anq aii hey profess, De facilities afforded
!, hem BY credit. Bat Its benign aid ~
|. would still be loiling fot mes-.s % oeing USE
1 iulff-'he dfudges and y, PefnaPy, q sonne
, ninion OF accidknial kx'or'ea Wea,sn' ~ao
, -. La ... n - lmanl
their lot and thr dsnJ ihai hang over The
! |iead Of All pho .s,ysds 1borfdFed capital.'--
Rut credit has lent lhs ;.sFst ano my pav .s
Who would de,s;n IA ID sefsitlde and dephn-
dtnce. TIA dr. ounld tpou nihe giants
shoulders So 7, her tina, &c giant. Mud
ana eneror; ~ 6ined viIk cediI. become the
Il conpeti,a.s + c}hole masses oigold, and hence
4 il X that ~ 6ever groans so budlyl
Il Isu; IetSo one misnndentaa me. Imeaa
i notIin he remarks TO hinl ana thing 10 excite
| me ppoR against The ich.n ffom nv soul |
| a k0of al such demagogical slam, and Ibelieve
1 k1or that the true interests ofIhc rich and The
poor are always the sane In desc very times
We See thai this is so, AMI that wien there is dis
iress, as il is in an epiddnic, the poor and thu
rieh suffer Without distinction. Allthai / near
to say is. that credit is lhi true friend ofthe hon
esq and indnsirious poor Ban. and that wilhou
4 ne would be the deperlani, and often truck
ling mental of the rich man for even The poo
boon q, work and lsborior him. Ii iad = Vhi
isd3on .na.i would endeavor 10 direct his aitsn
uoE % me importance ofcredit 10 him, and i
snilsi MIN loldetend IL, whether il be the credi
maj me poor man gets from his fellow-man, @
from corporations thai have been crea,edlo plac
him on footing with the rich /; and whether h
gets the credit himself Immediately from eithe
Of these sources, or gets The benefit OF il .hroug
Eicher men who have Obtained the credit. an
who thus are enabled 10 employ him 10 his iabo,
trade or calling--for be often receives the bene
n o. creditEin ibis way, and when be does, ma
build a fne house, spoTt a handsome carnage. .
array himself in fine clothesi I shall neveHcav
al these, as the palace, Or eqnipage, or insight
OF lprdly ariStocracy. The carpenter, the cal
riage-maker. the boot-maker, the tailor, all I'm
their account 10 these expenditures. The lrut
Isl that the indulgencies, and even The follies /
theErieh. as they divide and scatter their means
advance the welfare Of those who are poore
and tend 10 that equality in the circamslance
Of men which in republic Is so desirable
There are oihe: uses OF money, or rather aby
sess with which The people have much create
cause Of dissatisfaction and complaint whe
luNAedQ OIL IIOWptluR uuSluCaSt USEFUL iFdNtS dO
the exchange Of all valuable things, il is pr
vented by brokers aud shaveFs TO their emba
.Tsssment and destruction.
/ 10 what ways these bishIing evils are effecte
have already pointed ouI 10 former papers, an
will now barely refer 10 them and add nolhin
Ia detail. But ID taking leave Of the subiec
and after having said thus much both Of priva
cred: and the credit which is supplied by publ
inst 81 h.u fsw.rK -.
seems 10 me, at once, necessary and efecIit
means OF guarding credit in allits ramihcation
and at this lime when notwithstanding the abuI
dant harvest thar waves over our fields, il ma
beIstill necessary to sustain The prices Of prope
w and TO prevent ruinous sacrifices, and TO So
aain too the dropping business and trades of OF
people. Twill repeat ii then to be i rooted col
Yieiion with me, /" fixed idea, 2 (lo use The lal
guage Of an essayist who lately did me The hon,
Io.ereview one Of my papefs.) that il you brea
up sharing private, credits will be undislurbed
al those cases where the creditor is at ease, an
all the surplus money in the country will go ID
the hands of4ihe useful and productive class
instead cf those Of unproduciiSe SPECTATOR
and that II you break up brokerage the banks vi
be able 10 resume, extend their accommodation
10 the people, and Mus enable them to work i
to their debis and out Of their embarrassment
without serious losses, believe. in fine, Iii
The suppression OF these evils, will afford 10 Il
county the benefit OF the entire credit sysleu
and that as the debts Of the people were INQUIRE
for properly at the prices of thai system, III
| they are. upon al the principles Of justice, e
;iIed 10 the use Of il until those debts are. exit
gulshed.
Ore word in regard TO The denuneiations whis
It Is said hare heaped upvn brokers and sh
Ters :: Ny remarks are sfmed al practices III;
regard 70 be public evils, and are never ii
tended for individuals. The law, as it now
permits both brokerage and shaving. snd doul
moi that many honorable men are dealingsl
these practices who have reflected very lit
upon the consequences and effects Of them, al
info whoseSheads il has never entered that The
we're doing any thing wrong. Indeed. hal
aequaintsnees and friends, who may take :
leetie tho much toll" but who without doul
think themselves justified in doing so, and wi
ate perfectly honest in their feelings and nj
tives- OF course SET up no right to Judge (,
them ia matters Of conscience, nor do take
upon myself 10 Jsnounce their Individual tran
actions, or even 10 inquire into them. III
grounds tske against brokerage and shawn
are Of public not personal character. aud r
lais to them IS open subjects Of public eonce
and policy ! have underworld 70 explain lh
money, and eredi, used as money. were publ
standards or measures Of values thar al gsmil
and speculation in them Affected then as ssan
ards and that for these reasons, the law sRou
protect thea a. il does other public standard
lweights and measures for example, by pen
enactmentss Il necessary An nv views q
opinions are now before The people. SUBMIT
! for tkeir consideration. and Il Is now for the
10 decide whether they Be right OF wrong
1 FAIR PLAY.
| THE GREkT METRoPoLis.-Londo
according 10 late authority. now me