Holly Springs gazette., 1843-07-07

al o., --,-5, - a, break and that those who
5oT0"' ,l,r should ever remain so, rather
Ts o'.- o'-,,.ynny thing to start themselves in
Le L-,s tbe q Glzatte is satisfied on this
n ~ wishes for further light on it.
pm ols1ia il. bY reference to the file of
'Il.,i,ual InleIiigencer or any other pa
~ ,.1s n-ri9d. ia which be will find that
ala r-oar Of The Presidents language
~" I'D ,nce wuh the above extracts.
F,e q ,z-ttc goes on TO say
l>,a-r ID we believe that be or any 9TH
btstbe power 10 1mPrOre the cur
:, u Bgttcr nov, (,ghat there IS of it.)
r. i,,oblblv il has ever been since the for
80 oftaf Government; and Eschanges
N-.-.,,re pdIaI than al any time during the
- Of National Bank
-Ub,t there is o. III" Aye. there's the
R-f,rs Gen. Jackson commenced his
I-5,,,rinents" for "5ettering the currency"
~ vas a reasonable amo't oft; the coun-
". v,s truly prosperous; people were do
NJ, a safe and profitable business; failures
re- rare property and produce brought
r., ,ricas and the land was happy. But
N these things were not good enough for
~, Jackson. He determined to better"
~, and his process consisted iu breaking
IN. Great balance wheel Of the machine.
.1., breaking al the country banks, and f.
lid breaking all those who trade on Dor
,,g-I capital" Well. stupendous as was
- work he had carved ont for himself he
,..,mDIlshcd great potion ol il, and by
r. ai too Of many of the very hanks and
rsorc vbom was his objrct 20 crush
Wra rl,ui.v perfectly astounding when we
look tuck calmly, upon It. we mad nanny OF
r1sse gery victims aiding the tyfaht IN his
,nally var upon the prosperity Of them
.4I,r. anI iheis country. And even some
.f.bgge whJ are struck down are still eth
,rua15,s ~ unwilling ~ see the hand that
dssl. The bow.
Bll the currency sis better now, (says
the Gaz -,e.l than probably it ever has been
sa-a lGe formation 6l the government. -
This IS certainly a very great mistake We
sss any man, Of any party. If We now have
aav sulh currency az the late u. S. Bank
furnished, which passed from haad TO hand
IA sgerV State, county, town ana nelghbOI-
hood in IN United States. from the Passam
4Jlodiy, 20 the Sabine, and every where Of
equal value. and every where as good as
gold md silver. and vastly more convenient
brlhe grea. business purpose OF the commu-
aGv2 What bank note can man now ge
y North Carolina or South Carolina, we
ask the GaZ. tie when be can rerals TO any
cher State. with the assurance that u will 5t
worth q dnlId- there. though contesSedll
worth that amount 10 the State where Il !:
issued There Is no such Currency. Eve
". man must confess. then. that we have not
y GOOD much I,ss q betier currency nov
.aIn ws have bad (We say nothing OF tht
Georgia. Alabama. Mississippi and ATkan
sa5 currencies They raaSo from enc to
tary p cent below Far)
Exchanges. (says the Gazeit) are more
equal than al any time during the existence
n q Nation Il Bank" We are really sur
1rissd lha, an Editor Of 50 much intelligence
a5 be evidently is. can make such lantom
sssert on as this. The Gazs tie itself state:
Exchange on New York is per Gent pre-
MUM a. that place. Here it Is l-2--
What was i during several years of he ex
i,.snce Of 2 U s Btuk Il IS well knowr
ilat any amount of exchange was obtained
mere on any of the Northern cities al one
g.l5tsr Of 0ltg per rent; ami moreover, thu
TIA. Bank checked from almost any part 0
,he country 0a almost any other part. a
from one-eigth TO one hall OF one per cenc-
During The year 1912, the average Premi
nm Oh It's entire domestic exchanges, wa
but ons-clsrcnth IF ore per cent The amour
Of exchanges for that year was S24 4l,1l7,
9l0. and this enormous amount was convey
I'd from place 10 place, without the loss of
dollar. At the tate OF cents for every nut
dfsd dollars so transported
Is there any thing like this nowl Fa
from il We pay here dollar aud hal
tor what cost then. on an average but 8 cents
In Chsraw they pay dollar IN othe
places from 10 lar TO five dollars. IL j
bl. adly or two. since we saw L9c5focI
slon6eat,on al the low rate OF exchange
between New York and Boston. and i, is II
deed bw; il il only one-eighth OF one pei
cent bIt even that il higher than the aver
age OF the u s Banks charge; notwIth
sanding the TWO cities are so near togethe
sni the intercourse is almost hourly, b,
means ofthe railroads aad steam boats w
admHthilthe exchanges are better than the
aave been. But with all the facilities afioT
ded BY railroads, they are materially wors
than they were during the days ofthe Bank
But suppose il were true that the curron
ey and exchanges were really better a
Gen Jackson. promised they should be
~ould Ihe gain be sufficient to atone for th'
Zen gears ofmisfortune, and the age of crime
tnr0uTh which we hive naSSed since tl