The Woodville Republican. [volume] (Woodville, Miss.) 1847-1853, 1851-06-10


carcc commodity anioHrsl Ne aud, ls
every other srticle in the market. rae. /
value - the supply diminishes AMI the q,
mand increases For mail sums. aud q
persons who viii submit to the sweaim,
operations, 7 per cent j. demanded a.
premium upon the silver change. To o.
the full benefit Of such %eAofbitam EXCHANGE.
a money broker. or private banker. has com
menced to issue shin-piasters upon the com
munity but, so far, with indifferent sue
cess. The small change circulates, to IN,
greatest extent, amongst the poor aud litter
ate, who are glad to finger ANYTHING which
will procure them the comforts in which
they stand IN need and. should a shin. Mas
ter circulation once obtain n currency
amongst them, a door would be thrown
open tor an immense system of fraud upon
their hard earned resources Flash notes.
forged plasters, even genuine shin-pIasters
which had become defaced, would be forced
upon them aud, should they move but a
little way from the city, would their accu.
INFLATED capital of a dollar or two be but
the value of filthy rags. This issue is a
grand scheme to make money out Of the
needy, under the guise of accommodating
the public, and saving them a discount upon
their bank notes when breaking them into
small change. But the fingers Of a master
hnancler are visible in the operation, and
whilst he is apparently saving you a dis
count, he is actually making an operation
for his own benefit; for he is thereby ena-
bled to accumulate silver gradually, and to
sell it al the current premium. The extern
slve travel which our citizens make during
the summer, would draw away an immense
proportion of the silver which we now have.
leave this domestic shin-plaster manu-
iacture as It's substitute. In view of these
probable results, a general feeling exists to
refuse such a poor apology for the precious
TO give them no currency in
commerce.
We have heard much of the likelihood
Chill and Peru again working their pro-
life silver mines, which, III c~onseuneIc, of
abundance and c~heapness of the Cali.
tornlan quicksilver, they are now enabled to
work with a profit and, it is hoped, we
soon get the lmportations of this, at
the present time, most precious metal. The
three cent pieces are getting into extensive
circulation in the western cities, and have
affected the value of cigars, lemonades and
omnibus riding down to its standard II is
SAID that reliable authorities assert this new
to be 20 per cent. less intrinsically
1t appears to be from its stamped value
Should this be the case, then viii a system
Of legal frauds soon be perpetrated on the
people and the government. BY furnishing
the mint with the legal amount of compost.
non which is required to strike off a riven
mount OF three cent pieces, you may in a
few days receive the coin which has ad-
vanced in nominal value full 20 per cent,
abe to command their stamped value
for a like amount OF gold and silver coinage.
The only remedy would be to limit the new
coinage, 40 a legal tender, to three dimes,
when the present silver coinage would
snpersede il.
The Opelousas Railroad Convention is
now in session, but nothing has transpired
special note up to the time of sending
this OFT. The delegates are numerous, est.
at fully three hundred, and lave gone
heart and hand into the cause. The reports
Of the jacksonville Railroad Agents are full
of encouragement. and evinces that a spiri;
Of enterprise in Mississippi is being awaken
ed, which will conduce to her welfare and
permanent advantage.
From the advices received f-om time to
time from the Bahamas and reefs of Flori-
d. it would appear tha; a new article for
manufacturing purposes has gradually been
gathered and sponged on the community.
The sponge fisheries has greatly increased
consequence of sponge being discovered
of being feIted, and thus adapted
the bodies of hats, wax-cIoth, and other
useful and ornamental purposes, where wool
and fur had been formerly adopted. The
is simply dried and beat, to break
and disengage the shells and sand, then
washed ard dried, and passed through the
''devil of a cotton factory, when il is rea-
dy for use, either for telling. or s%tutfing mai
trasses and chairs. 1t costs about ten cents
per pound when purchased by the whole
81 10 Hmm tho Hohnrrnnn II ut . = nm