Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1864-08-31

j.
only asueminal incrsase of profit tothe producer
Men.are dc.dded BY tho idea Of large prices,
into The bsliefs tfsy are uccumulatiDg vsal.h
that thers. must necessarily be cor
responding ard propertionate increase in tho
prodnets of tho labor Of avery elass in the COM
3munify. Ifsthe farmer Eaises the price OF his
wheat, corn, bacon, 1c.. all othor persons whose
labor is 10 demand, must meet him With elevation
Of prices, aud dralusa necessarily besomsAdjusted,
BY that law. of equilibrium which. esulatas q
healthy stats of trade. If the farmer raises thu
price of any products, from one dollar per
bushel, to- I've, ten, or twenty dollars, aoes ne /
not know thathe must necessarily pay an in |
creased price for. the labor he requires, andstte
artieles-he consumes, and that consequently his I
prices do NOT in. reality improve his recuhiary
condition any more than The prices from which |
he started. aud which were tho legitimate and
remunerative profits on his capital Ina word,
that il no raises oIe twos thrOe,e or i've hundred
per cent in his prces5 other persons mustdo SO in
the game proportion, sand the only effect is to
produce continuous fluctuations in the proper
measure of values. -,
These positions. are dsmonstraiigely truo IN
times of peace, and with q currency recognized
by every one to be unohjsctionable. But in time
Of war, when tho financial condition Of the eoun-
try sdiseasod. whea-the precious metals (which
.a1s alone deemed money! are scarcely to DO
found, and the currency consists alone of paper,
resting on NO valuable basis il the opinionsof
capitalists, far srayer-svilsoGcur than any that
We have yet alluded to. High prices ofsproducts
sre absolutely attended with the misfortune = =
}.imnovsrishnent to those who imagine that tht,
ars realizing. wealth, because they tend to the
Ge1pansion56f Of the currency, which becomes more
worthless in, proportion to its increased Volume
T. High prices at such time indicate deprs-
Eciated aud worthless currency, andevery aceumu-
! iatien of such paper enfterny iseyidenee Of eS-
1 tIeme folly. Men accdmnlats money either from
theloye Of ii, or FROM its capacity 70 crafty their
wants and desires. If it is of itself worthless,
there can he no advantage in accumulation. If
Iitean crafty their wants and DESIRES it nust do
so ut avery Heavy expense, in the necessarily
8rcreased value of tha articles which it purchases
II aud, for which such deprecated money is paid.
But If our position be trur, that increased
4 prices produce corresponding sresultsAin oil
other departments of labor, then the 'aurpus Of
#leyen.this Deprecated currency, does not allow
q. the proluesr any greater attitude of enjoyment
than nc possessed with prices at their normal OF
healthy point. 4;
In. n word, as is wolf said By q inguished
fpolsicaf Econorsis, fesaanaissssa
y at. one limit as at dnothsr,' and consequently
Il farusr makes :uo more: BY selling his wheat or
corn at ten, fifteen, rtHenty dollars per bushel.
than atone dollar, if thepricea Of all Ar:ielot Of
consume tic are Increased at the samo ratio per
icent which they NECESSARILY be TO enable the
4 4tonsumer to live: The Ssfeet then of the high
Gprises of producers is evidently injurious to tas
prosperity and safety Of the country.
v Tkeso reflections ara aindnced by the conduct Of
= the people of Virgins, and the schedule Of
|.pr;ces Of the, Commissioners Of Apprsisepenss-
Iuded to in the siewspspsrs and iasihs lett0t Of
q Mr.. TnrSnoLx, Secretary of the Treasury. Bs'a
Afatuity es rinaocountabIeess It the
n Commissioners for the State Of Virginia had fixed
n tbe;r ach heduls prices for Nhsatands corn t$ao
and 50. per busheI respectively, for tho months
, 4 4 Of auguasnn September, and this too in the
ysfy face of the fact tSltthe eurreney shgd been
reduced from about sOa,oOeiOo0e s''l20a,oso.ooo
4 in round numbers. The farmers Of Virginia,
nrofound div sensibleof the facts that lie increase
In the prices Of aec.ssaries insyitahl1 produces
increase in prices generally causing IN aas'sios..
bly, . necessity for % further issue Of Confederate
! No,cr, and therebya further depreciation of the
currency, wisely inst and objected TO the schsauio
proposed by the conmissionetIat at Richmond. :.
sWa, there ever manisestod W. o peopissueh
tboroue eh abn. CATION Of usashne.s, s-saQk totsa
disregard Of ain,-:zsnch devoted. ,cen,.anOy te
the cause offfesaom Virginia glorious old
mother Of States, torn, laesiated, iaansled, at
most. in ruin, yet from bsf desoiaiion. standing
fSrtk ths chastened lunipasy of sublime 'Na- e
4 tiopals 1ssattiotisn. - !: ~ s.s.s 3
.Butin what lish. shall weIsgard the conduct
of ths cemmi,s iensrs, in fixing their schedule
pric Is at sdch exerbi.ant Sggres2 Thsie parties
ars Assnts Of the Government, Whose daty, and
acme. IL isto improve the currency by lowering
s,,;ee,A yot they were Deliberately counteractipg
sush purposes BY officially declaring in effect thst
the currency. wa, worthless Wsssthsre sssr
y:managed by such iubeoility IN 9 alei.lsa
Tho wisdom and patriotism of the pcOplsof Ylt-
rinia hovase .gulstsa actiea of the Com
lmisss ners, and rsduced tlls schedule psies +. q
uleus 10 per s6a,hel for tas Honth cf Argssf,
o,a s5 fo, sepisssStr. Ia. been done ~ t4e
oftdot Std,s ,rIica. - ,easied nat
tat.d. 1q tie ensny. d.aesa , ts s5aaa @
ih.a,,e ola g;gaatie e1epd erseioas ,0ar J0r four
gsars. q sss;sf SO =
i INIT rxsHory;ili ilbstaneo infOzms AZ, thatit
Il sao people alone, who San regulate ths enfrsn-
.ey. Ths eforts6f amy ono man; ii The peculiar
situation ane condition Of this country, are ula-
railing to carry on var of snsa Rasni,uas e
This in which tho copfederasy ID On gagged. The
risoonle muss assume the burden thsmssiyes. They:
Ema.ss operate, and that heartily With tasif
I government in.placing the finances of the coun-
.tfs upon. asure' footing: hisonlyhtee',dry for