Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1843-05-18
Ubf .Errr l9rsna.
lfESSRS. EDfrORs

Il
Fair Play last number about e-thrd ofi,1 whis
10 intended 10 Be witty. and proceed d oncsao ihs
part which presiuHs Re wishes 10 be considered J
his argument. lie still Persisis IL bis original 81
ror that the shayer Of paper adds 10 theanauul :
tho debt j seems to BE very difficult to mike Tin
comprehend. thai he who purchases paper Il 4 dis
eouai deriyee his profit from the original erSdsor
and that rhalcver oss therd may be- must fal do.
him. He~may talk IS much "a he pieases abaiE 81
Or 20 per cent. nasIed III ne shaver. The nos
all know perfectly well that the same nms,ltsl s
money will pay \ specified debt, whesher IA Iii,
hands Of shaver or Of the original credtoF Ii Ii
mol worth while 70 waste words to prove thix Esii
Fiay now says that the shaving Of paper Is very am
1idr 70 the soua:erteiling clipping Of fsessllit
CURRENCY. DE has dropped the word 1iaen5eaI !
Anc ~ bis next lumber for he will never ~ done
with them1 lie viii probably use The prbase sDehl
resemblance. These are favorable symptom Of rs
turning sobrety. This word .identicsis n ifI mis-.
take NOT, he used when he threatened TO have aiaw
passed 10 send all the shayers TO the pcnitehtisyy
In his ESSAY before she last, he res6rted 10 mast
unhappy argument to pfove this identity He then
said Il he should borrow $1,000 OF ii bank. and he
paper OF this bank should mol be kept up o lis mar
value Tor sixty days, when his note Would become
due then the difficulty ef getting money % nsy lis
note would be increased and lie would Be III laa@E
angle dash Of the pen or Hard Times ex,,ss,,,
this error, aud proved beyond all dispute iha, /,
would be easier Tor Fair Play to obtain Sluo0 afthi,
dePreeia,ed paper 10 pashis note, which ih,s bank
would be bound 70 receive than 70 obtain al equal
amount Of specie or good par paper. lfhe had sid
i we're easier for debtor obtain an ounce nf fi
than an ounce Of silver, IL Would not have b.e.I
greater absurdty Fait Play gets out Of his aim.
Guilty IN the essieatpcsssble way; he says he sbt
has no time to be running Etter deprecated aurren
~. tbs readers Oeioresthis must have perceived
that he himselfia runnsg away from hisoa the,s
with the Fastest possible speed.
u the thing be possible fbai indeed ii liz hardly
sol the argument or illustration used by Fsir pIavi,.
his last number, 70 prove that tie shaving ,ss,e
and the clipping ola metslic currency u itcnsisal
or very similar IS lie now expresses H. +, stilt n,s
preposteroas He illustrates this position Is Tons
paragraph, entirely too long for quotation bl viii
give the full substance Of IL and il is naniiest bs
has Pu. forth his entire strength III this his list md
death Struggle.
lie says il he sells bis property and receives soan-
terfeit coin, he looses his property and III Il. re-
eeives clipped CURRENCY. he loses i part q IT,
No body will dispute this. Now for lis minor
propositfon-his proof fha the shaving oil t,,e, I.
very similar to couneFfeting on slipping lie rlirrs
cy. As FAIR Play has assumed the character 81
logicians he viii Of course excuse the use ar shp
words, minor proposition. lie says uifhd LarrSss /.
Of the Bank ST Charlestown $1,000 for NIirh III.
gives good enaorsers, he thereby adds 90 nsnch "a
the circulation, and Increases the value Of lis mo-
perry" tie goes on aud says, then il q broker
should buy up these $1,000 with $500 he .ssSs,s ~.
circulation BY that amount and Fair PLAYS nrnnerly
is diminished insyalae. This is his argument o.
INSTRUMENTATION, and be no doubt Thought 4 ea,,-
| elusive, and perfectly unanswerable. fFair piay
had stopped Tor enc moment 10 analyze this opera.
ton, . indeed he ever snalyzesany thing, &c per-
haps would have perceived his erros and h1ye n
that, the case stated was precisely againstsislsex
To prove 4 The broker ID tho first place. fof.hese
$1,000, gyess $500, eherin specie or good ~ ,,a,cr
Then this amount is thrown into ciTculstio,,s IN.
next step, and perhaps on the DAY is dat Tits
hEok Ia htaA - y r
Bank that issued il, aud receives the full a,no,ut e
ther in coin or 10 good par paper The aireaiaton
OF these one Thousand dollars OF deprecinte aher
q co-nstante, substituted BY the eirsulationf a.
full AMOUNT OF either eoin good par bank i,a.er
viii re,ort JOUR question: Fair Play s.Do hi, pvr
ceiye i now, your excsiiencyln Ii sas ulsih A. lie
sun it midday. And thus il is maniGesi Il.t the
very illustration your eleneyn has erpioy ed Ia
prove anh4onlfy your oap position has illustrated
its ridiculous abslrdiiy.
IL Is Tact beyond si dispute or question. that The
brokers OF this country do more 10 purify inc eur
| rency and TO sustain banks from he ec,nmoa anl
great evils 81 over Issues aud The CONSEQUENT result
Of depreelated paper than any other cls in sleety
The circulation Of bank Of moderate canitai uer
hsps - scattered amongst several thousand In sons
and no one has stifhcieHt sTnount 10 make Il orI
while to call upon the bank 10 redecms its nsner :
Thebrokeis generally for very small rrcls.. pur-
chase masses Of this paper aud compel lie banks IA
substitute IN place Of It's deprecated paper either
specie or good par paper And for doing this ser.
vice. Pair fiay has been labouring to have them sem
70 the peniteniiary II he could understand shiryi
Alright, he would consider them Senelactors On
more such victory, Fair Play, and like yous owl
Phyrrns indeed you are undone. But ecu efesnndou,
already. Pair Play suggests that property. depre.
ciates as the currency deprcca,es. Tbs astsecia
ton ~ the value OF the currency has hqFespfoF,
been eonsideEed as powerful cause OF tue rise d
property in price, and il is not worth while 70 xss.
words TO proye III lie threatens 10 send set,to,
70 the Legislature for signa.sres The sans,o.
heretofore has been to send petitions to The peopl
for sigRsinrss, and the Legislature FOR enaA,nerts
But Fair Play will reverse lhe order OF every ching
Tie will permit nothing TO stand upon its usn fett
! Unfortunate wrilerNupon false theos4.
lie hiss II length yielded in his last nuInbsf 3hsl
] believe is about hs tenth, nueteen-twentsethH &
his whole theory, n its practical effect lie vii
now permit the owners Of State soeks bsnts stick
aud ell other Stocks and traders ia bills az chang.
70 buy and sell q whatever price they cd. An.
he says lei NOT Hard Times suppose thai II Is RI
tracing one iot or filti9- Of his prouosfion q,
theory. have no doubt Hard Times win gssnt III
friend Fair Play. any reasonable favour ID lss pos.
er. But this il ssking entirely too much; eseeisIi,
alter being called such bard names and hasing hil
| sign board stuck up FOR him.
Apd pray have not The poor stock jdhberA ri y
times here tofDre come lii for full share IL ypus
lnaledetionsl They have been eompalied 10 keef
eonstaHs company with Jour usurers and Aliasey8
dHU u1N ttlcy AIC Ef44lemeu& thew IT does
lyein your mouth to be asking favonrs. Ydsartiesl
~ was that all credits part ind parcel cf DE cr
reney. And what are these stocks but crddiss Will
your ''exceleney il you please, point aut lie IL
ference between The bond Of State. 10 paY sers III
amount borrowed, with The interest sas;.ss II,
aud the bond Of VI individual pa, his dsb N3lis he
seeruing interest This task think wUuIt xsszzie
you would like 20 zee you try your h2Ats 4is =
And now IS to bills of exchange, which falS yla4
says Hard Times has "disensscd an 10 peess aroni
New York 10 London, and from Baltimore frsI5os-
ton" Now, indeed yCn give your cvnsenf itisg al
may shave these eurreneies ~ deem IS res Iease
Thank you Tor The privilege. sThe l.egsIaiare will
then, not be applied TO 70 send shaycrs IN biis III
exehsage to The 1ssnilentiarya You say llsSre can
be no ''abuse shout dealing il bills Of eYskanre.
IS they will regulate iheFhsefrssn You fais.sle;
they viii uotregalate themselves more than Sc little
bonds and notes which Jon have taxed siidhr yosr
guardianship Your error IS that you suppdse bll.
u exchange are alHay made pay ale ii alsfsnt Ma
ces and you 4ilI % doubt charge Hzrd 1liuss viii
Leading yoa into this error. The most coaidon a,sf
familiar way BY which merchant II Baltinsrr M
example, raises HoIey iudime o. need, is todraw
bill npoH his peghbor and friend In Thar nlase An
able q distant Day and 70 procure his aeeetaaee.
and then this accepted bill is thrown into max IL
sold for whatever il will bring. And X foaS Is,
safely affirmed, thss ID eoInlnercial eitiekI
times ne aEapnnt Of money is raised ii thts was
Mefe than y the shasing Of notes
FAR Rias ssls Hard Times led him issto 81
crTer; that he ntdiuesifntEg admitted fisss 81
stool and bills Of e4changs were COMMENCEMENT
within bis theory, and ought bot be pasth5seil
under par ;-- and Be begs that the recofa 81 j
mendedal1 will nok consent The recoSsa II n
stand - lasl proof that Fair Play has bsen dfi-
rem 70 ahanaon, II practical elect, .nearly his
Whole theory. A. 70 the little hnsisess Zone n