Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-02-27
BUSINESS PRospEcT-srArE CREDIT

BUSINESS PRosPECT-srATE CREDIT
INDIVIDUAL CREDIT -ThV tins for the od
Tournament of oGr Lsg islatu,ss, is fast ap
preaching; and in casting about among their pro-
ceedings. TO which we have looked with interest,
during the last session. find very trls to induce
US 30 anticipate great good to the people from their
action while End much that is ca lculated To
embarass tho business and character of their citi-
sens.
Ia kentucky No rejoice 10 say there has been no
harm dVne. thus far. The reiiei law, as generally
admitted has not friends enough to carry it through
the legislature and the attempt to raise bank that
should flood the state with a local currency that
would soon cease TO pessess value at home, has
failed. Kentucky is. q state not very deeply in
'debt,-and doubles, if she makes no false stem,
will be able to meet her engagements with liule
driheulty. She may. think safely ascribe this 10
the uniformity and Judgement ofwhig messurcs-
The people are. TO extent. embarrassed by the
workings Of other States and tho failure or other
peoples but short season Of industry and economy
will set them up again.
In Missouri the demon OF misrus has perch cd
himself. as il for strong hold for lfo The bank
OF that state was chartered by men ignorant Of e..
nance, and confded 10 men squa " Ignorant bound
up by restrictions that seemed framed for the same
purpose that The eagles wings clipped TO curb its
flight the days Of prosperity. and yet yield il no
protection when The spOiler eame it has been Of
little service in the days of prosperous business
yet showed its weakness and iabecility for good
and ts power OF working evil, through party chan.
hsls. We find Mat the state having many unde.
vslsped resources has proSpered while others have
rstFograded. But the day OF trial has come. and
the people find tibet. although they nave had Iltle
Of the imitation, they feel the Collapse full sorely-
Missuri is not lille embarrassed, and overy day
OF misrule increases it. We have no doubt ba, her
people would have recovered much sooner had the
Legislature never assembled. The abolition Of
some sessions Of The courts and the measurable r..
lief laws passed in violation OF The contract, bet,,ssn
debtor and creditor, will have all the effect Of de-
stroying state and individual credit aud embarrss.
ing and depressing business.
Illinois shows Slate government eomple,.
~ overwhelmed with a debt. abe never expects TO
pay, yet going on TO injure her credit more and
more by successful war agaiast banks she ha,
ruined BY her drafts. and now resolves to destroy
charters There, also, stay law has passed. which
"uai nave the effect Of annulling all laws for the
coee'on OF debts and. Of course. bringing all bus
mess to the cash system. inducing the few who
have the mean s, 10 grippe and hold it. while the
poor are thrown out Of work. and out Of credit
The SsleE Of pork, and produce at prices bu, little
more than sufficient pay the FIRST cost. nre tho
only resources to which the people can Look for .
ven small pitance. Were not Tho state embarras.
sed by adebt that lrightens Immigrants from the
Slate and discourages the present Inhabitants; we
might expects few years OF labor would bring that
Saie right. and. into prosperous condition As il
Is We have few hopes Of it for some year, to come
and only from thorough purging.
Indiana 10 in better condition than uIin,i.. b,,,
II cannot be denied but that her debt is too heavy
Tor her 10 sustain at least with her present policy
In the face Of debt that requires prosperous bust
mess TO meet, aud a capacity. amongst the people
to pay oil the taxes that it may be necessary to i'm
pose she has passed rslie has
ed the credit Of her people. and thus reduced all
business 10 cash transactions, which cash is beeom
ing daily more scarce and difficult of altainmen,
IL will necessarily follow that the revenue Of Tho
public works must be small and tho difficulties NJ
the slate increased.
Ohio is little better of Than Indiana, except from
the fact that loco lOcosm has been more sure of il.
power its acts Of relief and bank denunciation
more fragrant. and their career Of ignorance and
reeklessness more manifest. These, we trust. will
have their beneficial influence upon the politics OF
the state IN futurs bat we fear that they will end
me coming year one ofdepressiOn and want here.
loiore unknown. With the people ofihat state par.
iicUlary. the only means Of relief will be found in
indomiiable industry, perseverance,, and economy
To these principally uusl all look 10 the present
emergency and they will eventually bring meas
urable relief, more sound. substantial and useful
han all the stay laws that can be passed.