The Carolina Spartan. [volume] (Spartanburg, S.C.) 1852-1896, 1857-12-03

moralizing in its tendency.
The banks of this State, with which am
not at all familiar, are we'll 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
II Is their misfortune to have to answer for
the sins of others, as we'll as for their own
mismanagement. The consequences to
the quiet, uninitiated and the laborino
community, are alike distrust and loss
leading 10 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,
l signed 400 certificates on the 9Th March.
and of the latter, 100 on the 4th May.)
Whatever the exigency, it will be long
before condolences generally restored, and
commerce can move TRANQUILITY and safely
IN It's 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, at 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, apprehen-
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-
ed, will not, for the sake Of doing some.
thing when in position, yield either to the
crude suggestions of his own observation,
or to the outside influence of fopinions, crea-
ted by undue excitement on the one hand,
or by Interested indiyidualso 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 sanctioniug which, that Go.
vernment has entitled itself to the respect
and confidence which are due TO superior
wisdom and foresight. During the recent
confusion and consequent panic i'm COM
mercial circles, it has dono much to break
the crash upon the people of the unstable
framework erected upon the credit sys-
tenn, and to save them from the full ef.
fccts Of tho collapse Of an inflated bank
| currency.
In pecuniary sense, merely, salaried
officers are not injured by such commissions,
which must reduce prices. But Of all
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
trate, in their daily life, the beauties of
simplicity and virtue-the 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 to restore the general credit, and
to re-establish healthy currency, so nee
eSsary to prosperous and stable markets.
Planters, as well as others, must submit
to a reduction ofpriccs. They are cnti-
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 coInpens;l-
ting, if the crops be not withheld
The LAws,-With my best discretion,
| have endeavored TO ensure a 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
perativcly requiring examples to deter
others from offending.
1t is to be regretted that offences by IL
licit traffic in spirituous liquors, with ne
| grocs; especially, are so numerous. The
too prevalent taste for strong drink sug-
gests this trade to the unprincipied, as the
ready means of making q livelihood, or of
amassng ill-gotteu gains. As the difficulty
OF detection increases, it may be well to
revise the law and make some amendment
rs to its sanctions and the nature of its
| penalties. I'm certain quarters the evils
| growing out of its infraction are complica
| ted, aud threaten, unless checked to be.
come grave.
/! may be in this, rs in some other cases,
| that the law would be efiicacous if those
who are expected to enforce it were more
faithful and prompt. There is tenderness
in our nature, which misapplied, de,ers men
from informing against offenders, and from
carrying out fully the law entrusted to their
vigilance. There exists, too, sometimes, an
indifference as to aproper knowledge Of the
laws generally, which, inexcusable in the
citizen aids the bold man, whose design is
10 profit by dsregarding their provisions
Even sone who bear tho commission ofihe
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 accepts, much