Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1866-07-11

would bsmore benefited thaa any others. Though 3
they might not be able to borrow the money from
the State, they would be enabled to collect from
those who.eould borrowfrom The State sLatev&
might be due; them. And would this be no bene-
ft2 Thelman whose estate is now encountered
nightly this means be enabled to FREQ his estate
from encumbrance. But the great object to be
attaiped by the proposed plan is the bringing Of
capital into 'thesState The means necessary for
the proposed development of the industrial pur-
suits Of the country; the means necessary to give
tone and activity to business; the means necessa-
ry to free the minds of the people from the ap-
prehension of being at osce ousted from their
homes by the Sheriff. And the plan proposed, If
it be carried out will do it. It sconceded that
tho plan proposed does not pay the debts of the
people II gives time to the debtor, and ut the
same time enables the creditor to get portion Of
what is due him. 1t will enable both debtor and
creditor to live and prosper.. And although. the
State is q corporation, and technically has no 2
soul, yet she is the fostering mother of her citi
zens and hath charity, and power to excrciseit.
Neither does the proposed plan necessarily involve
|
the opening of the "door to fraud Of gigantic.
proportions" rs objected BY "Personne." Thero
is certainly wisdom and foresight enough inthe
Legislature of the State to guard against the
practice of fraud to any great extent in the de-
velopment of the proposed plan. The fund.-
provided at all by the State, will PROVIDED for
the specific purpose of relieving her citizens from
their debts one to another. And it can easily re-
quire, as condition precedent to the getting of
the money from tho treasury, that there shall be
a reckoning between the debtors,-and such other
safeguards as the Legislature in its wisdom may
deem necessary, to the honest working the
plan. That there are some persons who would
pocket the fund and abscond, if allowed to do SO,
cannot be doubted. But this is easily guarded
AGAINST, and I am surprised that "peraonne,"
With his want of faith in the honesty of men,
coupled with his shrewdness, did not perceive
that some plan for the proper application of the
fund could be easily devised. Il is conceded also
that the proposed plan would not prevent any
creditor from suing his debtor, if lie desired to
do so but I give my fclluw-citzsns credit for
more chority than Personne" seems to think
they possess. I cannot but believe that the num-
ber of suits atlaw would4b greatly diminished,
and that there arc but few creditors who would
20 to law if the proposed plan were putinto exc
cution, because confidence would at once be res
tored, and men would no longer be afraid of one
another.
Sd, The direct and immediate effect of the pro-
posed plan would be to enhance the value of
every specie, of property in tho State, There
would be money in the country to buy with, and
there would be much less property offered for
sale.
But this communication is already too long,
and will reserve what have further to sey,
for future communications.
w. ". ADAMS.