Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1843-05-03

rcrc with The existing commercial law
This contrasIed with the opposite extreme
of conduct during the last session, and ih'
mischievous effects produced by II, miSh'
reasonably be expected 10 have bench
ciaI effect.
The above are & few Of the causes from
the effects of which may consistently be
inferred the present reaction. aud The pro-
babi!iiy of its continuance aud advance
ueat. Aud We think il reasonable 10 iu-
dulge the hope, that The dark cloud yh'el'
has, for SO long Il period, rested upon the
once dourishing commerce Of England. Is
fast disappearing before the bright CLEANS
Of tho sunshine Of returning prosperity
From Viimsr s; smith's ERropsaa Times.
LiYEnPooL, April a.. lo4". =
British Holders Of -in.erieaa S.ocks.---
The following is reply which MIR. Ever
ell made to dcpu,aiiun which waited On
him On Friday, with the tnemoria: Of the
holders Of American stocks III this cnun-
try. The object Of Tho memorial We fully
explained in our last number. The reply
does credit 10 the head and heart Of The
American Minister. TO The Court OF ST.
James; it is justly admired here. aud will
be still more appreciated by his country
men. The memorial, wc ought to stale.
bore The signatures Of 300 holders OF the
state Stock Of America -
..Mr. Sc!ollfeld and Gentlemen .-ln
compliance With the request contained III
The memorial which you have now pre-
seutcd to me. Twill avail myself of the
first opportunity Of transmittingi il 10 The
President Of The United States. Toavoid
rnisconccption i, is proper that should
observe, that ircsruuch as The general go
vcrnment is not party 10 ilie cpnirac,s
Of line separate states, Ihe srhJeci Of The
memorial does not .alLdircctly within The
Presidents prorirce. aud that eE, my.
self acting unnIf!ciailyi in forwarding il To
him. do it. r.'howc"c.. with cheefiulness.
ou, OF respect Ia The members Of this dis-
linguished drputnt;un. Nor ON less uu-
der the influence Of the deepest sympathy
with thnt numerous class whom you rep.
resent, who have suffered severely. snr,e
of them fear ruinously. from .hc failure
Temporary, uustl oi q portion Of the
American slatcs to pay the interest d!
their public debt. These feelings, | anl
sur,. will be shared Ivy the President.
Il concur with you in protesting aSains;
the doctrine that slate, whieh has pledged
its faith and resoGtccs, can release itself
from the obligation, however burlensonie.
in any way but that Of honorable pay
meut. Fatal delusions, 10 times of great
distress, occasionally come over the minds
Of communities as vel! Us individuals |;
hui r,inice in ihe lciei thal tie number
is exceedingly small OF those who have.in
any form. advanced Ike idea Of what las
been called rcpudiaiion.' am convinced
that those sta,es. which uuhappily have
failed TO made provision for The inreres,
! due ou their toads. have done 50 under
!. Tie heavy prcssare Of adverse circahlsian-
ces. aud nol wilh the purpose Of giving a
legislative sanction 10 dac,rine SO pernl-
cious. unworthy, and immortal.
Tine mcmorlali>,s are pleased TO give
me crcd.,lu sympathy with their suffer-
ines. There is, perhaps, no person. not
llini.air directly j sufferer, who has had 50
much reason rs myself To feel deeply all
the cvi! eh'.cis--he sacriicc not merely
uf material prosperity, but VIA, is Of ini
urcty greater cou,eVnerce, Of pnbl;c hon-
or-resultiug from this disastrous failure.
The fcpruach which i, has hroa.h, on The
American name has been the only circum-
stance ~h.ch has prevented residence III
the land o.! my fathers FROM being source
Of un,nr .lcd satisfaction TO nc. You
may well believe. therefore. ,iia! il any
opinion OF mine can have M influence (as
you suppo>cl over any pnr'ion CT NY coun-
tryncn larolatlc In lhc grca; end YOU
hayc IN vicw. it will be. on MI proper oc.
casions, rs il las been, lnus; cInphatically
expressed.
1.-The position. gentlemen. Of somo ii
T least Of the Indebted States. is Gs singular
rs il is deplorablc They hare invG,vcd
themselves most unadviscily in engage
5 menls which would be nncruus 10 much
, larger and richer communities anl the y
vet possess, under an almos, hopeless
presen, embarrassment, the uudoubtcd
T ineaas of eventual recovery. | will take
The Stale af Illinois for instance. aud wha
saw of:hal Stale will hold Of oilers
+ making allowance for difference of loca
I circumstances. Tho Stale Of lllinois uu,
{ der,ook few years since The consisuctiol
Q of n ship canal Of about 100 miles il
{ length, to unite tho waters Of Lake Michi
e ear, IS i,h those of The Illinois river aut
!. moro recently projected ond commenced
the eaecu,ion Of 1890 miles Of railway
,r| On these works she has borrowed and cx
: pended above 10000. 900 Of pounds. Th.
work is incomplete and unproductive
e The population Of The State is ti,a, OF !
c second sized English county. short Of hal
j. million. 1t is what in good times woul'
n bo considered on. eminenI!y prpsrcrou
o popaiarion /; bu; i arm inclined 10 thiul
v ihn, il the English income tax Of lastyoa
D, we're. by the Legislature of Illinois, lai'
?. on ,ka, Stale, more than half the popula
\, linn nnssessiug in the aggregate that pro