Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-04-01


community, and the other upon the coin
OF the county, Gentlemen, in my hum.
bic opinion, utterly deceive themselves
IN aurIbuling 10 the banking institutions
all the distress oi The country. DOUBT.
less the erroneous and fraudulent admin.
fstrItlon oi' some Of them has occasioned
much local aud Individual distress, But
lbS would be temporary aud limited,
whilst the ether cause the Continued
eltilx OF specie from the country -irnot
arrested, would perpetuale he distress, -
CoIld you aHnhilate every bauk in the
Unioh, and burn every bahk note, and
substitute in their pace "A crcul ton of
molhinI but the precious metals, as long
as such a tariff continues as now exists,
7wD years would not eiapse llIl you
iiII The imperative necessity Of some
proper MEDIUM tor conducJing the domes.
nc exchanges.
announce only an historical tsurh
when declare, lhatdlring g. ever since
our coo lIdl ,XIsIeBCe, necessity has giy.
eA rise 10 the existence VI paper clrcu-
-'"tDn Of some lorm IN every colony Oh
this c0n'lnen'; and there Ha5 perpetual
slruIIa 6etW en the Crown aud .Royal
GogsIH0rs GA one hand, aud the colonial
Il 'gI>lh1fcs on the other, on this very
subject OF paper moaey. NJ; # YOU
rad tomorrow circulation Consisting Ol
. nothlHg but the precious meals. they
wonIJ leave you as the morning dew
leaves the.ii ds, and you would be left
ulJer the Necessity 0l dev,sny mode
- tili the chusm produced by their ab
sunce.
am ready to make one concession TO
the gentleman on the other side. | al.
mt ii I, il the circulation were in coin
hloGt, the Nh, rEOmettr o! our monetary
Il IctuItlon3 would mol Ilse as hlgh or tail
ts 'o@ as when The circuallOn is Of a
hn'Ned Character, consisting partly OF
q. II and purity of paper. BIl then the
III lualIOns themselves, wI'bIn more
.trcnmscrIOed range, would be quite as
numerous, and they will and must exist
81 Ion, az such i tariff remains as forces
the precious metaIs atroAd lngun re-
pc IT ti3 asaeI lnn thai, could you ami
Ih5 70 morrow every b,nk IN the couu-
Try, lIo Nry sane dascri zion of embar.
Tassmaar, if not in tho same degree,
would stiIl DO .ound which now per, AIDES
our country.
What thcn is ta be done 10 check lhis
Iorrign df4ru! We have tried free trade.
We have bad tho principles Of free trade
operating 90 more than haIt the total
amount 0l our comforts for the greater
part Of nlno years past. That wIII not
do il, we see, Do let me recall to the
recollection OF tho Senate The tine whdn
. the protective system Was thought about
- be permanently established. What
was the great argument tea urged
against It's establishment II we thls:
that If dnllcs were llId directly ior.pro.
I ion, then We must resort 10 direct
taxation TO meet The wants Of The Gov
eminent livery body must make up
Ihe,r minds toa system Of internal taxa
rol. Loykat Tho d,b en- the House Of
K presenlallycs cf 1924, aud you will
fad that that was The point ca which the
.sercl, stress was laid. We'll, It lurred
out IS TIE Irouds of protection told you
1t would. WO said that such would not
he the effect. True, it would diminish
imp rita ion, as it did but the ougu enlcd
umuunt UI lBXes woDId compensate loI
the amount Of gooda. This welDId you, &
We we're right.
How has REC trade operated on o;h@
-gr at interest! well rem, mbcr that,
ten yearsOgo, one ol Nhe, most gifted sons
oI South Carolina, Mr., HlyneJ after
dravI"g a most Vivid and lngAIenlrg Z
picture Of the condition OF the S0u,h-ct
III 'lt5 atanjonej- houses dliprdutel -.
}uyelsot,sGycomIr masters aud masters
uycrsrers --geHelnl siaguHlton and ap,
prOlohiUg Iun II picture which, J con
less Il ted me with dlsGiay cried out to
IA. abolish your D4r,tf- redu"e your rev
plu1 to Inc standard Of cCpuomIcaI gov
@ 4 1 .nt--lnd once more lho Ge G5 81
S,dh Carolina will -m,Io with b"au'y--
htt rmbnrrlssmruIs viii aOIsh-con
~ r's will return to her hotbora, labor
10 hrr phntatlons, augmented pnace IoI
h,r 3'dptr5, and r"ncnimom aud pros
= uJ aud uulvc,s'l happiness to her
.o,pt,4syd propa. Wen we did reduce
1it mlli', and after ntno yrnrs ol prntrc,
uDJ. W. havO had mao years Of Ics
.cel,ilg mlltl and Of froe trade. Nrno
,o o,rs trrom 1921 to 1889 we hod the
p p.plecty1 policy ot m-h mrtl'; and
n ne years, from 1888 10 Isle, we have
h u the luIl operation OF free trade more
trna moioly OF The whole Om' unl 81
our oporDa, aud desc, ndIog larrtl on
tho residue Aud whit Is the condition
nt SJush Carolina at this daN? Has sh,
rs uaed ncr lost prusp rlly 7 has she &C.
cnvcro lrDm tie desolalion AID Ruin 81