Ponola [sic] weekly register. (Ponola [sic], Miss.) 1843-1843, 1843-06-03

purchase, will be convinced TIM, NJ
ey will be peculiarly scarce with
once IN every twelve months po..,
our crops are liable 10 fail. and tho -:
Of our Staple 10 Huctuale. Under 49,.
OF ordinary crops and prices, Will
money IS scarce, and which will 10 ~
case during a large portion orevorr
year, promissory notes would moaen..
bly, supply the deficit in every pe;,I
borhood, until the succeeding croD cam,
into market. Such would more es,,
cIalIy be the result in the DEALINGS !.
tween our own citizens. Under y ~.
tlal failure Of crops, the circula,;on y,
notes would be more abundant in ~,
portion TO the pressure, and thus mia;
gate the miSlortunes Of the commn,;,n
until better times. But one oflhe mo-.
wholesome operations Of free circnl,
ton of notes is the convenient exchan,o
of indebtdness which is thereby afforded
especially during time Of pecuniary dis.
tress. The people in the same region Of
country, and in their respective neigh.
borhoods, have a variety Of SIN al deal
ings with each other by which their ga.
rlous wants are supplied, and ti,eir en-.
ergles, industry and intelligence recA
roca!ly put in requisition. The carpel.
ter wants the services of the blacksm;,S
the blacksmith Of the shoemaker, 4.
shoemaker Of the tanner, and the ,a,.
ner of the farmer, and the farmer n,
aIl-these are but few instances n
illustration. BY these dealings he :.
mount Of Indebtedness in communsy
a community often becomes immense.
but inasmuch as The articles and ser
vices reeiprocalIy purchased, are all the
product of the same community, It doe,
not necessarily require money or Cotton
10 pay those debts. Thus the NOE Of
the farmer 10 the carpenter will pay the
debt of the latter 10 the blacksmith and
of his to the shoemaker, and thus gotbe
rounds, until fifty separate debts are
paid with il, and thousand times the
amount which it calls for upon lis face.
Under this separation the note is apt
finally 10 get in the hands Of the met.
chant, who receives the cotton ofthe far.
mer when it is gathered for market,
ships it & receives payment. FromthR
operation there are, as / conceive, naay
wholesome results. 1st. The various
avocations, of the community are kept
in active and harmonious operation, re.
clProcally supplying their various ne
cessIties, even under times of great pc
cuniary pressure; whereas, without this
operation, many Of the most usii
branches of industry would neeesnf.
ly cease, and often az the very lime
when they were most needed by ether
branches. Cd. A multiplicity 81 las
suits are thus prevented, as the debt Of
one man to another is made, By trans
fer, to pay the debt of ten or fifty men
1t would often prevent peeaniary pres
sure and sacrifice o. property in a rery
large number Of instances, promissoy
notes answering ali the purposes Of
bank bills for the purpose Of paying
debts.
At the hazard of becoming tedious
by repeating ideas, | would insist that
all the various branches Of Industry n
should be kept active. The carpenef
the blacksmith, tanner, shoemaker sal
der, should be kept employed, aud 6'
this purpose they should be remunera-
ted. Now it is the practical operaiim
of things ia Mississippi, and likely TO be
TOR long time 10 come, that during s
large portion of the year, the mechaP
&c or other iaboring man can get 10 3
other remuneration than promise
pay. The planter has exhausted d'lg
funds, and labors upon the promises
nature, and he can pay in nothing else
but promises. If his promises can
converted into currency, the meehan
ic or jobber can procure with II the nc {
cessaries for his family and will conun'
ually seek and find employment-N
can work cheap because he can Away
find work, and compensation, and
TX