Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-05-17

YLet;lbem ask and have sanswersis sa1Islac.
fulEto such points as these: gE'.i
5sIsthere any other Bank that Lhelp a
farmer, mechanic or any}ofst fsthe laborins
classes sif HE issin. distress. 10 save him
froin;ihe SheriffIand@ give him time and
opportu6ityio work oni his debt?
The public debt will have TO be paid,
being more than $4,000. 900 aud interest
ON itiiIlfilfalls dueaand paid of. This
wiIl:reqlire some 126 or s 130, 900 year,
or more than 81 000,0O0Imore before it ID
alI;paid .upin / $40. All this is 10 be paid
by the Bank as uow fixed by law. But
destroy ii and taxes must pay,it all, Are
the people ready 10 be taxed S4o00,9OO
for this?
IAgain-,his is the only Bank the State
can draw from 10 help il oul with its an.
nual expenses. We see by the Complrol-
ier's returns that the Stale owes every
year for several months more than $780,
600 borrowed sirom the Bank, 10 pay
Safe expenses from December 10 June
Destroy The Bank. and mol only must the
taxes be nearly doubled to meet interest
alone, aud much more to pay principal,
but they must be collected in October, six
months earlier: than now. Are the people
prepared forlhis pleasant operation /!
Now we see lhatlhere may be replies
of this sort attempted that the people
cant want Bank aids-lhey can take care
Of themselves, and all that. This is easi,
" said by those who never felt misfortune
nor for. misfortue. Thre are daily instan-
ces Of men who.have gol into debt by no
fault of their own-by losing crop
by being security-by, buying little land
or negroes-nr many. ways. aud are mol
able 10 pay without any fault. Is it q
crime-are they to be cruelty abandoned
by these cold and uhlecling advocates o.
ruin? ~ 5
Again, ii may be said, take the Bank
aud pay off the public debt. This is spe'
cious-but merely specious. 1t is decep'
tion. Worse, it is mischievous-false and
ruinous. Because the public debt is mo-
payable before 1850, 1852. 1856. 1860
1868 and 1870. The public creditor ,cit
not take pay before has bond IS due. The
heaviest amount falls due in 1858 aut
1860, and 1868; and 1870. That is. ir
ter. and twenty years. Now destroy The
| Bank aud collect;his debts and what vii
you do. With.lhs money ill then? Ruiz
thousands By sueing aud selling them out
and coliectS your money, and what will
syou do whit !? Gov. tHammond's expe
dent III 31843 was TO lend out again
Then why destroyEour, Bank to- make ano
(4her agency tolendihe same funds Or
his :olher recommend alion Was to buy th'
stocks of other States. A promising ex
gpedient rrqly-whe1 they are repudiallo'
all around us--to ruin our own people .,
colIecting all The debts they owe our Bank
Sand then lend thiss money to other Slate
by buying up Reputation stocks Penn
A syivania or M ichigan al discount. o
may hap good abolition Nep York, OH
! or Massachusetts,, tas they stand along wit
rour own highest sin3the stock market'}-
4 These are Isickeniug prospects of ruin.-
i Patriolismd does not demand such self sac
I; ri6ces-add wisdom by no means recon
mends them. z
\ But ii may be said 10 US tits not pro
4 ;Eposed 10 destroy towind up The Bank
:ibut only tp reform abuses-to correctmis