The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-06-14
From the National Iateliigencer.
REMARKS FOR THE PEOPLE TO PoN
DER ON.

, REMARKS FOR THE PEOPLE To pom.
DER ON.
There never was period 10, the CONNER.
cial history of this country, or that oil En-
| gland, when capital-aciuat moqey-was
more abundant in large cities and towns,
J and consequently giving smaller returns to
! its owners, or scdrcer in the interior, where
tbs want OF lie paralyzes every thing. The I
question is generally asked, "Why IS thisF
, The true and only answer can be, absence
of confidence, which has called back, or
caused 10 be gathered back TO It's owners,
their money from The various remote and
distant points where il has been sent tor use
and employment. There is no mystery in
this; il can be ct silly understood by very
simple illustration. Let us suppose that
John Smith is man Of capital, who lives
on his income; aud that he has len, or IN.
vested his money among his nelghbors en-
gagged in various pursults-some IN COM
merce, some in enterprise OF public I'm
proyemeni, some 10 subduiue the ouiposts oil
civilization and preparing places Tor future
residence OF civilized life some IN mechan
ical pursuits, where productive labor is the
security for money required even to buy
the tools Of trade. 10 these various pur
suits he lends HE capital or money, and on
: its income and interest he depends and
} lives. Presently comes something TO alarm
him, (and no man is more timld than
J money owner or capttaltst-he takes fright
! a, any thing; he is told commerce is con
: vulsed that public improvements are bnb
3 bios that mechanical art and production
J exceed demand and consumption and he is
:. panic struck, aud calls back his loans
d This OF course increases the discontinue
!, The CRY is raised that !" John Smith wants
II his money!" Where IS il Who has Il
y The man Of commerce says lie invested The
b sums he borrowed OF John Smith in ships anc
{, warehouses and ia articles Ct merchandise
10 The man engaged in public Improvements
N Tin railroads and canals says he spen
ID what he borrowed in constructions OF tha
n nature, but tho most OF them arc not ye
finished, but when finished he will receive
e ample returns 10 pay The sum borrowed
d The man who has gone on the frontier ant
/, bought wild lands, aud is engaged IN sub
0 DUNG them, SAYS if John Smith will only
o wall little while his Improvements vii
II pay all that he has borrowed and expended
,e thus. And the manufacturer and the me
n chanic say they only have begun 10 work
: having speni all the money they borrowed
I Of John Smith in building factories, con
l. structing machinery and shops, and after !
; little while they can earn and pay uil they
e owe. But John Smith has lost his conf
II dence he is panic struck, and he wants hl'
e money, and will have it. Very well he
!. gets il, or as much as he can, under iorcet
y sales; and vast amount OF property, ships
ID merchandise, warehouses, pubic improve
ID ments. lands, factories, machine shops, nnt
" other descriptions of property, are all sub
mitted 10 the effect Of this panlc-ais re
Y, solved back under mmense sacrItlces Il
IN money, aud John Smith gets at least por
h ton of his money he cannot get 1t all, 10
rs obvious reasons, but he gets what he can
~ and, having lost confidence, he holds VIVA
ID he gets with q double g'ipe, and will no
soon risk il again in the same channels HI
+, viii not risk il out of his sight. And now
ID who is " John Smith I" Why, he lives II
s, London, in New York, in oil emporlnms c
A capital he prefers lending lis money nnde
le his own eye at a very reduced rate Of IL
h. come, than risk il beyond his sight and 81
in pervision for five times the promised FetuT
70 of income; he has los. his confidence
D Confidence is a tree OF slow growth; 20
ut NAV plant On acorn, but generation ma
or pass away before the tree has grown to
sturdy oak--a clumsy wood chopper ma
,is in an hour level to the earth what ma
is have required years to produce. Aud thu
,rn has it been, and thus is il with Us. Poit
zen cal demagogues may pirate as they VIII
ry hide or confuse, but the truth will still pr
nd vail and tell the fact that we were once
he prosperous and happy people; our acoi
had been planted in wisdom; our tree WI
,ur growing, and under its branches all int
ed ests souuh, shade and shelter; but the a.
Use came in popular hand, and the cry aros
in. .t4dswn with the old tree, and let US have
me bonfire :" and down il went and We had
ler bonfire il not only warmed but heated u
as. and when it was consumed there came
Oh, cold chill. And now the question COM
ri. shall We plant another acorn, and await
I'm. growth TO a sturdy tree; or shall we Sc
shelter where we can find 1t as best we ma
T. But, dropping metaphor, let US ask, SD
capital or money continue be gathered
at roinls where, for wantoI confidence ell
- where, it necessarily gives but small re'u
rs to its ownersl Or shall it, under wide
TEN, which experience has instructed u
AFRO. can, be disseminated far and wide over
nee. extended empire giving life and energy
MA all trades and calltngs, and lnslgorahns
So nv limb and extremity of the body point
4 s Of This is the question for the people to del
!, as niue: not The political demasogue, v
Mt of knows that he is "particePS crlmI"lS
'am' tho infection now weighing upon the co
my try, and whose selfish and ignorant pol
E for led to il, and now fears exposure; not
money broker, who co'os atortnne al
Isl the ruins that his peculiar sagactty email
r.nn him to wander through aud pick up IF
q a