Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1845-09-16
From the United States Journal.
I" I IL E CREDl SYSTFWo

should be accused ola plot, conspiracy.
TO annih,late The light Of The sun, or to
stop The earth in its unal revolutions. or
prevent the tide from ebbing and flowing
would not the authors Of The allegation LIE
deemed -deranged-nsane? Would
they not be considered fit candidates for
Bedlam! And would not their friends
keep strict watch upon them TO see that
they came to no bodily harm, until they
could be safely lodged in lunatic asyluml
We have heard Of little child who al
ways burst into flood of tears uhenever
its older brother theatened 20 burn the DO.
ker; and New York paper tells an anec-
do'e Of a superannualed old gentleman
LIVING 10 the country, on the top Of "a hill.
who was thrown into paroxysm of terror
By stout young fellow, armed with
pckaxe, who threatened to dig up the
well before his door and roll i: down the
hill, water and all: shut that grown persons
not underga guardianship for idiocy, should
believe that thore really exists in this coun-
try, a party which has for its object to pre-.
vent human beings from giving faith to
each others engagements, exec eds our ca
paClty OF belief. Those who are loudest
in affecting an alarm at such design. are
men who will resort TO any pretence for
party purposes. The credulous dimes who
are taken 10 by them, if any such there
are. must helong tn The Same onc;o,, clas,
who helieve the moan IN ~ ado or o.oon
cheese
Is thara ,,on :, t.a
stnn;d anorch to ha,iano ,h,. oo'.an.s
onJ cd, ean W. Jo',.aot 10" .'t;I ~0'''''c'eo
go. ad -, ~,
,,;oh, 49, waII ,aIl. or do',.o,';r ! W
MOI, heot and cnrd ,avo a03 't he,.o :" anu
l and fear TaIL If nrovon,;rn ,,o ou' r nope
Irns,ino q ch o,Lerq No ono 6a,;nvns ' In
M ono >u,noe IT., !. ona lc 49, ,..
carcb word, to or,u.o ,,,o ,,o,ss;,aa
raw, ma, i,,a,as,. and ,r.i,d;oa, IS 100
, ,nrt,on as s,,,....i,. ,,ait,, t,o,,,hor - -
fect mia, ~ ar.. Il.f ,,t..,, ~,
- ever wicked Inv yh,cr, r.,,o nar.ana ,"a
o,con,,b. h ,ha|. ,;r.s ,,l;,,r
sian ana Fund
1 rho ,a,ro,, ,o,,r,,,,l, taxi, a,.,.,..:..
or the cradi, svs,an, whicb ha.. 49,. La.a
made ,yos !, os,otIi.b;, 1900,
,on1 Of nonar 800 hnto,, ~ W. 0yS
= .o,oo;,,, -. 80. N '''0
70 credt thon onr nreSan, n,,snbio"o's
. irros,op, ihI, s,,s,a,, orba,L ,I L,I.
inc Where bones,v and ,nnc,naI;,v 40
vail. there credit Furnishes. but the =, nls
bv their fraudulent susnensions of tho
rules of common hones,v in rer,s;nr -
n,v ,bo;r inc, dab,s h., rodao,,;or,ka;
oy ,aao ~ h aa,,;n, ~ Pc
priy,,o ,nd n,,rI;1, orod;, o,,.,. ,.,;,aol =;
his counrrv Il ex,cnded it's dali hIo 70 70
through all the rnmfications oc society
bringing Justice into disrenuto. unhingino
oubIic morality. weakening con6dence
and Gorcipo cred ~ heea, tho dor of mn,
roal;ng oy9rica snreodoo h,nl, r,otov ana
ruin tRrongbont all The he rders orrhc Land
Nd tho La'ol,s no, ,,,,,nandaa ~ ~, ~
mon, of ,hnir deh,s credt would not hava
ho.n ;,r,o; ad onr no,:o,ol h,r,,,ar I'D
NOT have haen disbo,ored nbrood hy Tho
. reuro,cbr,,I e,;,ha,s Of ..ho,Lrno, a. ,,
NOR would hundreds L,ya hoon rod,,oaa
rrom afIloencs to begqarv. Had we odont.
ed = proner credi. system. The hanks wonId
never have been mile 10 have GAINED snch
onnipo,en, control over The whole mercar-
tile communitv. RAISING nrices N d,v
towering them to-morrow: keeoinc all HE
members Of society unon the Continual
500 .sow-in n CONS ant s,,,a or,cco,,o;n,v
and alarm II is recorded No histor;ca1
fact thar there are more h,nkrun,ciss IN
the Irnitod s,a,es !, one vo,r Win onr
present bankinp system tkon in uolland
with her specie CURRENCY ir a whole cen;u-
nv. Does no, this one circumstance speak
volumes againstlhe pernicious influence up
on commercial prosnerity and private han
, pincss. of those chartered gaming houses.
by which oilers take the earnine Of labor
from tn, pockets Of The poor?
We are free TO confess that we honestly be
lieve, that a "credit system''which enabled
the Jew Josephs,ih the city of New York,
10 run in debt six anda half millions OF
dollars al the banks, while the farmer and
mechanic were denied the loan of single
sixpence. IS both dangerous aud fraudu-
lent-roiton as well as perncious. Why
and for wha; reason were these shaving
Spectators bolSie ed up bv paper money
banks, and five Of every six traders at the
same time exclude from the use of their
credi,-denied banking facilities, when
they would have paid the small sums they
wished 10 borrow 10 carry on their bu-