The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1863-05-06

tse consumer. And this arises from the
simple fact, which no human law can
change. that the seller has complete power
Hof the market, and can fix his own prices
and whenever he has that power, he inya-
r,ably and inevitably compels the buyer to
pay all costs. He will add his taxes on
profits to those profits before he sells. be-
cause he has the power, which no legsla-
tioh can take from him, to get his own
price for nearly every article Of prime ne
cessity. He will even add, 10 the extent
.oi his ability, his taxes on past profits to
his prices for goods to be seld hereafter |;
so that all articles of prime necessity will
advance from this time forward. until the
supply is augmented, and the currency d.
minlshed in volume and appreciated in
value.
There is only one cure for speculation,
and that is to make it Improbable; but no
taxation and no other law can stay its raw
ages while the condition Of the country re-
mains as it is, with demand everywhere in
excess Of supplies. and the disproportion
constantly increasing. When speculation
ceases to be profitable it will die out Of it.
self, and the horrid nightmare dream will
be over. But human laws cannot change
human nature, and speculation will 60 on
till il meetsa natural death. To the credit
of It's good sense, be it said, the public press
has been but little occupied with useless
TRADES against speculation but great
deal Of idle and yapid talk has been in
dulged in by many who mean well, but do
not know whereof they complain. and by
others who ought TO know better, but who
think this cheap means of ingratiating
themselves with the ignorant, the idle and
vicious.
i Nearly everybody is surprisingly greedy
70 Get money-esen the poor soidier spec
ulates on his comrade around his bivouack
fire. ON pint OF whisky or half pound ot
tobacco, and his conscience never hurts
him, We warrant And the poor weaving
women, when they buy four punches Of
! yarn for forty or fifty dollars and, in ten
days, converts them into sixty yards Of
cloth, which they sell for two dollars yard,
are ENJOYING the sweet profits OF specula-
ton TO the tune of one hundred per cent.
But who would hinder them, if they could 7
They are fairly entitled 10 what they can
make. With all the rage for making mo-
ney, there is no destitutIon among US yet,
notwithstanding the mouthing Of false and
selfish prophets. Even where female mobs
have become seizers Of nther peoples pro-
pcrty and violaters OF the law. they have
been instigated either by evil persons or
their own folly--neyer by want. For where
there is real want, il it be beyond the Ca
psciiy Of the local government. or the boun-
" of the State, individual liberality prompt.
ly relieves IL when made known, and will
do 80.
For decency's sake then, let us have
done with all this humbuggery, pretence,
cant and hypocrisy, aud all quackery in
legislation, about speculation. taxes must
be levied, aud let all profits be taxed as
tlIey should; but don't let US be deluded
with the preposterous nonsense that such
taxation will suppress speculation, lpwer
prices, or re.establish the currency. Spec
ulallon will die natural but violent and
hearirruding deaih, some day or other !;
pricesMi III 20 down when the supply equals
or exceeds the demand, aud the volume Of
currency is rrdaced one.half; and the
currency will be re.estsblished some six or
eight months hence, when taxes begin to
come in--in fact. a. soon As q good sound
Tx bill has been maturcd and sanctioned
by the Government. Till then we must
all do the best We can for ourselves, our
families aud our eouniry--teel twinge Of
very sensitive nerve when We have to
pay high. and MT single compuncticn
when We can sell high.