Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-07-26
For the Advertiser,

SlR. EpITon-l do not feel competent
to discuss the merits Of The Bank oi our
Slate. am quite contented to read the
ESSAYS of AMT. Debt" "A Voter" and
'"vox Populi," and all other similar
writer's on the one hand, and also
those Of Fair Play in the Mercury on
the other. These communications p:o
aud con deserve deliberate aud respectful
consideration. But in your last paper,
"Old Saluda" ob,rudes himself into the
arena, but for what purpose is yet oudis.
covered. In the FIRST place. he congtaru-
Iales the above mentioned writers upon
their strength and influence, aud says he
is induced to write because they s.'ser
themselves up as the ipse dirt Of old
Edgefeld.- Ipse dirit literally means
'.he himself said so." Substitute This mean"
ing, and his article reads thus: they set
themselves up aslrhe she himself said so
of old EdgeGeld." 7But most commonly
this phrase means s'mere assertion. y" His
writing then would then make iheus.set
Ehddf4Sfs Ehdgea ~ af sRf W sseT9 PFass If aM
'.ipse dirit" becomes persoaifed conlrary
to all rule and in, violation of common
sense, 10 say ,potbiHg of,aste ,anh beauty.
aa Blu" "Old Saluda" speaks Of these wrii
ters as "a-going TO commanderze the
Stale and do the Thing up, Brown Such
vulgarisms as these are indecent in. con-,
versalion, bur WHOM written and published,
they become Intolerable and degrading TO
an elevated and enlightened public sepri-
ment. ,e.az
Furthermore, "Old Saluda" says if you
destroy the Bank, he becomes FUSED up
man," and argues that the taxes would
he received only in "spccie Of The notes of
specie paying banks" THE banks" he
says, "having suspended. of course their
bills would not be taken" Thus you per-
ceive The people would not be able 10 pay
taxes at all the argues)-uol in specie,
because of The suspension Of the private
banks, and uol in their bills. because Of
the same reason, The Tax -culector could
uot receive them. Although this argument
has 40 reason in it-slili. its slight plausi.
bility nigh, lnislead some who are tax
payers. under The delusion that such a
state Of things might possibly occur. This
argument supposes The people TO hold bills
Or notes on the private banks-and be-
cause these banks refuse the specie, it then
supposes Tie holder of these bank bills to
have no further redress. This is utterly
false; and If made with candor, shows a
wonderful degree of ignorance.
by a constitutional law of our general
government. The legal currency-,hat in
which alone debts can he discharged ac.
carding 10 law, are certain goid, silper and
copper coins authorised By Congress. These
are money. Bank noIes may be tho rep.
resentativeS-bul never the substitutes fof
specie, without Violating a fundamental
law of this country, aud Introducing poll
icy fatal TO our political, commercial, aud
even banking interests.
Bank notes or bills therefore, are placed
upon the same footing with promissory
notes ofindividuals; and having FIVE dol.
lar bill upon the Bank of Hamburg, you
may sue before Magistrate and recover
judgment aud levy upon the specie of the
Bank or The private property of The STOCK
holders-out of which you may. according
to law, compel the sheriff to raise The spe>
Gle. The argument, therefore Of the Tax
refusing The bills Of suspended
hanks, falls TO the ground. For the specie
may he always be forced from the maker
whether bank or an Individual.
CANDOR.