The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-04-06

AAa4Aa 80 NJ - $50 49, AAN~A"-
ga be DESTROYED wishssi seriaas iFjury
u he lesI Il ~ jndgmsri. lhs laIih
ds.ies shosld never b - heb - . pre-
lilhsi ssd s1rlads farsiFn trade. bnt jusi
hish snaugh losnnaursgs ard pFolsei suI
aan in1ssiIy. ard shsbie Our psePls 70
s0mpele Successfully 1iih GOrriga com
peiiiers in our aHn make.
CURRENCY.
Whsn Congress assembled 81 The tx
us session. Il wss gsnsraily expsrlrd
and a.sirrd Ihat snms MEASURE woIld
Be praPOssd aud passed. 70 brslsr aad
improve Iht finaress Of lhs GossEnmenI
and he currency Of The people. SC
.rordingly. . bill 70 establish . Fisesi
Bank al lhs United States passed both
houses Of Congress. and ~ velnsd and
lrjre,sd By President Tyisr. A ssrond
bal 10 CRATE flseIal corporslion was
neat passed By Congress. unaer lhr be-
lsf thai il obsialsd and avoided The Prssi-
denl's objections n The fret ball: hut Ihal.
lao. was lost BIZ President Tyler's velo.
After two different bank bills had BEEN
vetoed By The President. il vas deemed
inexpsdieni and unnseessary In make an
other elTan On that sShjec'.
voted f"r both those bank bills. and
Fsry much Tegre, lh.t some measure Of
Fihsl kind dad nai hecome Law. You.
fellow ciizens. XMAS ! have stead ~
held and mainlsinsd that" @ paper dollar
bought TO De- Of sguai ralas 10 a siirsr DOL
lar" and thai Congress alone can make
a sound currency OF equal and uR'f"rm
value throughout The United States.
We never have had. and, in nv judg-
meni. we neser ran have. uniform cur
rrney Ofspseie par value Tor general cir
cUI.ilon through the Union. emanaiing
from the separate State governments. III
believe lh.l some financial instrument.
created by Congress. 10 necessary and
proper 10 furnish and facilitate The hnan-
css Of the Gotsrnm.ht, and the currency
Of the people. ] an opposed 10 The conduel
Of all banks that do nni keep Ihelr notes
a, specie value; buls good, SQUAD, spe-
Gle paving bank 10 Of advantage 10 The
Government aud The people. Geld and
silver are The only constitutional coin.
but they are not the only constitutional
currency. The actual currency in circu,
lsiion is bank noes. and II gold and silver
money were demanded and exsc'ed Of
every person who owes debit deb'ors
would som be sacrificed Co ihpirrred,iors.
and The poor would socnbe sold to lie
rich. A u. States currency is just a. me-
eessary To trade and commerce IS Uni
ted States Government Some persons
say. ne can "gst along" without Uni
ted States currency. So We can, but
very badly. We can mske some corn by
the use of the hoe only, but We get
along" very slowly. and lose great deal
Of time and labor. We can make much
more corn with less labor and more spped.l
BY the use of The plough also. We canl
get alUng with wagon, on the farm
and in the neighborhood. with small
quantities, but We can get along much
faster and cheaper, and irsnspof, larger
quantities by the use Of ships, steamboats,.
and railroads. These are the instru-
mems vi commerce, and currency is the
instrument or tnols of trade. Every Ear.
mer and mechanic knows the difference
between the working With good and bad
tools: with the ase of the first ycu lose nei-
Their time nor labor. but get full reward
for your industry: with Ihe use Of bad
tools you work to great disadvantage,
and lose both time and labor. until the
summer 10 wasted. the harves, 10 over,
and the cr"p is MT .aved.
/ The question of currency is a choice #
Shall he G"vernmen, and
The people work with good tmlsl-thal's
lhe question. Shall the farmer, who
boils all day long in his field for hrs vile
and lIiile ones. have and enjoy the fruits
and profits nl his own Dor and industry,
or must he give the 1.-THE Of his crop. or
ten per cent. Of his money To shavers and
speeulators. to exchange lis Deprecated
currency Tor good money! The laxpsy-
efs have q right to receive some return
and equivalent for the contributions they
make TO support Government. and that
equiSaler should be a sound and Uniform
currency. Money is the reward or fruit
Of labor: il is the medium through which
one mans labor or property il transferred
and changed for anorher's. The Gene
ral Government la. express power 10
make snd regulate the value Of money,
and TO fix the standard uf weights aud
measures The psrer dollar Is to the
silver dollar just what The wooden yard
stick is To the br'ss yard measure. When
the first is of The same value, and the Sc
cond is of the same length, then the in
fenfion Of the Constitution 10 fulfilled. |
When the paper currency is dersnged and
deprecIa ed below specie par value. then
he fault is in the General Government,
and It is The imperative duly Of the
acknowledgement aud regulator OF currency
TO correct the evil by legislative enact.
ment. Ths, was done bv Congress in
different blls, but The President inter |
posed his constitutional power, and said.
Vein mr. 1 fnrhId IN al oi,ha, ,.f ,Io.., l. n !