Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1844-09-18
From the Huntsvillei Ala.t Democrat.
= q HON. SF; N.aLp GKENSss..

way To Georgia, where ne mas lnaue sf'
eral appointments foraddrrssing ihe psen- pn
ple.,. lie was prevented by accidents from
reaching Nashville in time forli:e Denn
cratic Convention, which he, wished tuat-s
tend as delegate from South Carolina
Mr.. P. expressed great regret al his fail
ore TO reach Nashville in time, toconfront
that immense multitude, and denounce; as
falsesand sanderous the charge that the
Democrats Of South Carolina were Dlsu-
niuuists
Please read the, communication of our
correspondent from Shelbyville-in which
the speech of the Hou. Il. v. . Pickens is
spoken of as exceedingly able and interest
ing.
-s Shelbyville, Tenn. Aug. q, 1914.
Nv Dear: Sr-We have had a glorious
Jubilee to day Such enthusiasm never
before Witnessed, W numbered al least Ten
thousand. On last evening The people
w ere anxious to hear some Of the speakers
who were in attendance They assembled
al he Cour, House in great numbers. and
heard thrilling addresses from the Hon.
Roger Barton, of Mississippi, and Col.
WATSON. from Talladeea county. in your
Sale Al eleven o'clock this morning. the
immense coucourse nf people having as.
sembled ia a grove about half a mile from
the Court House, were addressed in must
able aud eloquent speech by the Hou. F.
w. Pickens Of South Carolina. genie
man ravnrahly known 10 the whole country
as a distinguished member Of Congress
from his native State, and III The latter
par, of his parliamentary career AZ the n
bic chairman of the COMMITTEE of Foreign
Relations.
MIR. Pickens commenced by giving a
history of The two great political parties,
from their origin to The present time, insis-
ing that while The federal party had always
advocated strong aud central government
the Democratic or Republican party had
stood up maufuly for The rights of the
States, aud Of the penple. respectively
He sail thai in a republic. all permanent
parties divided upon the fiscal action of
The government, because it involved The
taxing power. aud v iIh all who spoke The
English language. the power to TAX, ana
lie objects of taxation. formed the touch
stune of liberty; that the constitution gave
The power TO Congress 10 lay and collect
taxes, 10 pay the dehls and provide for the
common defence, &c. that ii party had
grown up under constructive power. who
claimed that Congress could lay taxes u
yer and abnve paying The debls and pro
wiling for The defence of The country, for
purpose ofprolecing one mans capital
! and labor, a, The expense of the capital
and labor Of others; that this was The great
aud important issue between the parties.
He (Mr. p. was for paying lakes for The
support ofa just government, IN peace or
| in war-was opposed TO resort 10 direct
taxation, or change ofihe impost system,
but was for no more taxes on imposts lhan
was necessary Cor az economical admin
| istration of the government He illuslra
led The unjust and odinus operation OF thr
protective policy by argument. adapted
10 the capacities of every hearer, and con-
| nected it with the disbursements THE gov
ernment, by which the same protected in
terrsis received more than they paid, and
then The protection afforded to capital and
labor in domestic manufactures, by The
imposts levednn articles that came into
competition with their productions. gave
them the benefit Of The Whole fiscal action
of the government, whilst with US we felt
no returning compensation for our taxa
ton that TAXATION 10 them was in fact a
blessing, and To US destruction.
He connected The tariff with the curren
cy. aud show ed thai high tariff first cut
1 off impor,arions and forced us 10 irnpor
! what was duly free, viz; specie, and Then
srocks. He's aid that twenty millions OF
specie had thus been brought 10 ibis gear,
! besides large amount of American stacks
bought in foreign markets, aud paid for by
domestic exporis,--Ihe coDsequnce was.
that it had bren concentrated in The pro,
tected regions, and had proved The basis OF
new credits and paper expansion, prndu
cling corresponding expansion IN lucal
prices, which had enabled the importer 10
hiring in foreign goods and pay the duties.
high as they were, and enable hIm to sell
in the local market. Hence, the heavy
importa,ions now taking place. which
| would give us this year revenue OF S25.-
| 600 000-nine millions more han neces.
~ary 10 pay the expenses of the govern
| mcnt. aud meet the demands against it,
That The Federalisls saw this, and wanted
This excess upon which 10 create Bank.
giving the annual surplus under high Ia
riff as central fund i'll deposit 1" chech
upon, precisely as tle last United States
Bank had, averaging about seven millions
per annum from its inception in 1916 iill
It's 6ns, blow up, enabling them. with
| means thus wrung from the people. TO bank
extensively, and to check aud control what
they called exchange, which was however
in ruth nothing more nor less thana pow
| er TO control The stock inIerest-prrcisrly
as hey expeeilo control associated wealth
| and corporate monopolics by high proIec-
| tive tariffs, constantly varied aud changing
rp sui, the views of ambitious and nteres