The Carolina Spartan. [volume] (Spartanburg, S.C.) 1852-1896, 1857-12-03
SPARTANBURG, S. G., THURSDAY, DECEMBER 2 1877

moralizing in its tendency.
Ihe banks this State, with which am
not at all familiar, are well administered.
Several of them have bravely withstood
the schock, and are prepared to do legiti.
mate business as usual. All, it is believed,
are solvent. If however, there be some
so dependent upon the banks and brokers
OF New York, as to fail in their pledges to
the public, when the Northern banks fail
1t Is their misfortune to have to answer for
inc SINS OF others, as well as for their own
mismanagement The consequences to
the quiet, uninitated and the laborinc
community, are alike distrust and loss
leading 70 want and suffering too often to
moral ruin and crime. The State, too.
suffers from the abstraction of coin and
the depreciation of credit in the sale of her
bonds, both for building the New State
Capitol and for aiding the construction of
the Blue Ridge Railroad. (Ofthe former.
signed 400 certificates on the 5th March.
and of the latter. !GG on the 4,h Navy
hatcver the eXigency, it will be long
before contidenceis generally restored, and
commerce can move TRANQUILITY and safely
IN Its usual channels, though not near so
long, trust, as in 1887. Then the sus-
pension IN Charleston took place in MAY,
and lasted l5 months; now it occurs in
October, Mt the opening of business sea-
son. with fair, (though not large,) crop
OF cotton and rice on hand, US the basis of
commercial communication with capital
lists OF the homo market, and of exchange
with Europe.
Tho moment of excitement, appr,hen.
sion and financial pressure, is not a time
TO leSlslate respecting the banks. The ex.
listing laws, if sound, will be vindicated in
practice; if otherwise, it will be wise to
repeal or modify them, when the public
mind Is calm, and commercial confidence
shall have been restored In enacting
statue law, the statesman TO whose wisdom
and integrity the public welfare is entrust-
cd, VIII not, for the sake Of doing some
thins 8 when III position, yield either to the
crude suggestions of his own observation
or to the outside influence ofopinions, crea
ted by undue excitement on the one hand
or by Interested individuals or corporations
| on the other.
Meanwhile, may not omit to invite at.
tention to the admirable operation of the
| system of finance, separate from banks.
long since adopted by the Federal Gov.
| ernmcnt-in sanctioning which, that Go
vernmcnt has entitled itself to the respect
aud confidence which are due TO superior
wisdom and foresight. During the recent
confusion and consequent panic in com
mercial circles, it has dono much to break
inc crash upon the people Of the unstable
framework erected upon the credit sys.
| tenn, and to save them from the full eff
tects Of the collapse Of al inflated bank
| currency.
In pecuniary sense, merely, salaricd
officers are not injured by such commissions,
which must reduce prices But of ali
classes, the least liable to be affected by
them is the planter, who is happily out of
debt, who properly drains and plows deep
his soil, and whose contentcd family Illus
tratc, in their daily life, the beauties of
simplicity and virtue-thc social cheerful
ness of industry and just economy. Let
HIM send forward to market his crop, as it
is prepared. Every sale that is made,
every debt that is paid, every hundred
dollars which circulates from hand to hand.
will help 10 restore the general credit, and
to re-cstablish healthy currency, so nee
c>sary to prosperous and stable markets.
Planters, rs well as others, must submit
to a reduction ofpriccs. They are enti-
tied, also, to claim the benefit of reduced
scale in purchasing supplies, Although the
market for produce must rule lower, it
will soon become healthy and colnpensl-
ting, If the crops be not withheld.
The LAws.-With my best discretion.
have cndeavorcd To ensure n faithful exc
cution of the Laws. Several cases of hard
ships, doubtless have occurred. Where
such have not been relieved by executive
interference, it has been owing to the too
frequent Instances of similar kind, i'm
pcratlvely requiring examples to deter
others from offending.
1t IS to be regretted that offences by il,
llcit traffic in spirituous liquors, with ne
grocS; especially, are so numerous. The
too prevalent taste for strong drink sug.
gcsts this trade to the unprincpled rs the
ready means of making livelihood, or of
amasslng ilI-gotteu gains. As the difficulty
of detection increases, it may be well to
revise the law and make some amendment
as TO its sanctions and the nature of its
penalties. In certain quarters the evils
growing out of its iniraction are compiled.
ted, and threaten, unless checked to be.
come grave.
1t may be in this, rs in some other cases,
that the law would be- eilicacious if those
who are expected TO enforce it were more
faithful and prompt. There is a tenderness
in ournaturc, which misapplied, de,ers men
from informing against offenders, and from
carrying out fully the law entrusted to their
vigilance. There exists, ioo sometimes, an
Indifference as to aproper knowledge Of the
laws generally, which, inexcusable in the
citizen, aids the bold man, whose design is
TO profit 10y disregarling their provisions.
Even some who bear the commission of ihe
State seem in ignorance Of the law, pre-.
scribing their duties to act mainly on
grounds of expediency and motive of poll.
cy. Surely tho citizen who accents M, ,cL