Cooper's Clarksburg register. [volume] (Clarksburg, Va. [W. Va.]) 1851-1861, 1857-12-25
Renton,s5Eight reasons.

Benton,s5Eight Reasons.
Mr.. Benton has lately written letter
mon our present financial crisis, the !
Ian 9th of which precludes us from pub
i;sbin1 r.. We. find room, however, for
the following overwhelming objections 70
the issue of small notes
al don't, expatiate upon the evils O
small paper money they are paiPabieto
every observer, and only require enumer-
alton. ,s.a.sesf1
al. Il drives away all hard money OF
equal denominations for. in comPees
ton between two currencies. the meanest
IA alwavs the conauerer, and chases the
other out of the field.
"2. Il is the great source OF the crime
Of counterfeitingi; for the n, mass OF tne
counterfeits' consist OF small notes bahlssI
!" 8. It demoralizes the community tohh
people. mol being willing to % lose notss
for which they have given, value. instead :. az
Of burning it when rejected by e knpglp Y,
one one as counterfeit. put it back 10 Their.
pocket. and offer it again 20 an ignooEIaannss
person. who receives il. and who goes
through the same process When rflssssssfa
in his hands. n;,tesh .e;se.g 10 s.osggn =
q a. Small notes make the, .panics and
bring y. on, the runs which break down
good banks; for these small notes. being
II the hands Of the, masses. when othey.
get alarmed, they assemble BY :lhousantd1s
| at the doors OF the institution which issu-s
ed the notes. demand the money break
1.-THE bank and propagate The alarm which
they themselves feel until it becomes gem
eGrai for nothing is more. contagious then an
money, panic. nor anything more N M
manageable, -, ,.,.s.,p ~ 80. I'd biao 81
1"5' Il pilisqggeas The poor aud ,igpg9afSepalS;
for every base note, every one that y
. counterfeit. or on broken bank, or on
bank that has. never existed, although y
will run for a, While, must stop SO, some I.
4 where, and when It does. is sure TO stop
;. in the hands OF. the poor aud uniformed.
upon that class least able 10 bear the loss
who have no advantage from banks while
in operation, and who bear the loss when
they. stop. -.-a,.,t.. "a p
with nothing but brass for their capital.
and that ia their faces instead OF their
Golfers. are induced to set up manufacto.
r itit or small paper. to be sent abroad and
and sunk upon the hands Of those among
. whom it is scattered; all that issso sunk
being clear gains to the manufacturer.
~. 1t induces and even compels Peo'
pie to be wasteful Of their money; for
such is their natural. honest and just con
tempt and distrust for small notes. that
he or she that receives one. hur'ies of for
something that is not needed; while q
piece Of gold OF the same amount would
be valued and cherished. and laid by aud
kept and added 10. until enough accumu
lated to make, purchase of something
needed and useful.
20. 1t subjects the payer to be cheated
or worsted 10 change for giving paper il
payment. he must receive the change ir
other paper for that purpose. the meanest
most ragged, dirty and worthless viii
always be picked out. and showed upor
him. In short. such are the evils. The
crimes. the decentralization aud cheating
Of small paper money. that all nations
except the United States. place it in the
category of criminal agent. and sup
press it accor dinghy"