The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1865-12-18
CHAPT ,ES


OUR COLUMBIA LETTER.
IrRoM OUR SPECIAL. ConREsPoNpEN1'
COLUMBIA December 13.--Iu the Senate to-day, the
discussion OF the bill repeal the u>rr laws was hc
gun Mr. BUIsr opened in favor of the repeal and was
aided by MI T1LrMAN, the Senator from Edsehc!d Mr.
SULLIVAN and General KEEsHAw were in .l~ ranks oi
the opposition Il has been for some years. Ester?
10 your correspondent how any man could irn% the
simple proposition that trado requires no 'SSlSaip,
but on the contrary is far better regulated by the aw
of sl1opv and demand The expression OF the Irench
merchants Sire laisScs ftirc let us mind our OWL
business without any assistance, holds rs we'll with re-
nor t rold MS to any other article Of trade Tho alvo-
cate OF the usry laws says that III" proposition IS r'c
with regard to other Objects OF commerce: bnt gol1 has
not in itself aiuc. It's vinc i fiXed by a", aEu ic
.cmc law which fixes Tie valne fix t.c interest or
price Of the Of this representative Of values The re-
ply is simple; and woil seem 10 sgfest lsrt 20 t!le
iunbest S,~derstanlin. Gold is the representative OF
values brt il has in itself valra The cost o rodc-
ton the supply and tcn:l. I'll ttr icto io ca'c'i'-
tsn viii: yo.1tl - ci. in M sane n:lr; a. :;ii -
tor w .c.,irl Ia iir Ta''ic o.aiiT "','r 49,
is poye, hy the decreased va': ~ 'J. 'riir iic u
v:lrc os sother products, since iic ,isooyry ci :ni'
AMI te r;l,,r .siec ncn .,;e mines Of California
have been worked. Trur Coycnncn; h.oS Tie ii]ii-
nal value of money fixes weights and measures: 'lt
il pretonds to say whata dollar shall biy than
1t prctcnds to say what yard o! cloth shall cost.
Driven from this position, which, ii he i" man cHpa-
bic of reasoning. he feels te be nnteas r says tnc
debtor should bc protected. Irnc! Inc la" su"u'''
protect the debtor, but too, should 1t protect tc
crcditnr-cnl is not fair dealing with the creditor c
best protection of the debtor? Two things enter MAO
the corsc alton Of the value of erlicctc cost OF
production actual yaluc and the supply ant denaiid
In t!c loan or temporary sale of money Iii" RS. or III
surancc. well the value Of The USE enter mo lhe
calcu'aton. In open market. without 'lF'ir: laws
tl.c ,!Qmcnt That money reaches price that 3 higher
than usual, gold will flow ill., and It's val,ie VIII DE- re-
tlrccd bus i'll q market in whicE the usiry laws are OF
force competition is shut b.: the law. and the viola
ton OF the aw must not only have tho value OF the
money caused by its scarcity through the abscllce of
competition ana the risk that it may be- lost bu also
tho insurance the risk which lie incTTi in violating
the law An open markc: will always bring cheap goo
This proposition being equally true with regard 10 eo.h
IL with regard any ntlc: oy IL Is 10 ne WISH
ci that il may hc pgccl exactly the same oolng rs
is every Other article OF merchandise. .
The Most interesting matter in tae House WAS thc
discussion of Col Wagcncrs bill to foster cmiiation
Mr. Wcrey said that he not specially in iaVor OF
Germans lie did not them here. because he
had con them elsewhere. When no was prisoner
Gen Seymour said to him, 1--WE will whip YOU. hccansc
we have oil Germany from which to eniist Ihoy Ead
fought and whipped us. There were some OF iliat
nation on this floor who had fought side by side will
and he loved and hoDOred them as brothers, aiG
SAraudest ell oni,im that lie wonld ask would he to
-@s>l that he had done as well as two that ho saw
NT: T:,,,, t., oxo =, 81. ,,,os. .rcoc,os that
III during the session. He sald tnat ne u"
IN 80 'iscuss this measure in the facctious vein
IN ,,1SS oE had DONE He regarded This as one OF
A\N' .,yp'ort mt measures that has occupied this
"a \ cS,S ,rhc only objection that could be urged
IA " <rpovcrished condition of tho State. The
A N,S red was small. and comes from tho contin-
y \ ocThis is measure of vital Importance 1t