The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-01-27
Dosportes, Williams & Co., Props
Invest, and Don't Hoard, 1T is Folly.

in tho future Of the coun-
try, considered politically and social
ly, has great deal to do with this
State of things, but want Of informa-
tion upon political economy and the
principles of finance has much more.
Now VIC know how absurd it is to
hope to exhibit, to the comprehension
Of tho Agricultural class: the truth on
this subject, Zone of the most difficult
in the world) and We believe that the
only remedy is time dissipating fool.
ish fears. The losses sustained by the
Southern people, through the Con-
fcderate currency, arc too recent, and
too feclingly remembered, for them to
put faith in iinancicrs or in Govern
nront paper, and arc the argument by
which they will answer any appeal to
them to buy y. S. securities. And,
indeed, IN THIS there Is some good, for
it will lead to other and better in.
vestmonts for tho good of our people
in their present state. But panic
and distrust Of this sort goes further in
its effects and leads to boarding, The
most worthless use to which money
can be put. Our readers will have
seen that several murders have been
committed in Georgia, to get posses
sion of boarded funds. The evil is so
great, that the most enlightened mem.
bcrs Of society arc cndeavoring to cx-
pose tho folly of boarding in the pa
pcrs of'that State We will content
ourselves today by quoting tho best
article we have seen on tho subject,
from tho Augusta Const,iutionalist,
promising our readers n view on this
subject, in our noxt Issue, which posi-
bly, they have not seen advanced else
whore. The article from the Tonsti-
Mtiona'jsl is entitled "Gold for Cot
ton;' and roads as follows
eve don know how much influ-
cnco the cry Of 'GoMJ for CoIon,' has
had among producers ; but VIC arc not
of those who sympathize with the
movement. The planter who sells
his crop and invests tho proceed in
gold, in nearly every instance, will be-
como miscr on the the instant, and
instead of being friend to industry
becomes its Indirect antagonist. In
tho cont tnmnlntion nf his milo Of snncio.
compass OF scliishncss, and progress
for him has no meaning and whole
somc trade no charm.
We thought the day of boarding the
precious metals in old stockings and
cracked tca-pots had passed away.
Are we mistaken ? In the midst of a
new epoch, arc we to have revival of
ancient folly? Idle capital is fatal
to tho bost interests of any community,
and n treasure sccrctcd in the house
is porilous and uncomfortable guest.
lfplantcrs have money in some album
dance, let thom improve their farms,
cmbellish and bcautify their dwell.
lings, literally educate their children
and do something for civilization.
If, after these matters havo boen at
tended to, there still remains q i sur.
plus, how much better to invest it in
factories, good railroad stocks or in
any enterprise which tends to tho
common veal lIoarding is the
least worthy thing that can Lc done
with it and We are surprised that
journals whose prosperity depends
upon activity in business should ad.
visc course which is calculated to
injure traffic, bcget morbidity of
mind and stagnato every faculty that
should cnnoblc and not impair.
We learn that some of tho planters
imagine that a trip to Augusta is ne
ccssary in order to pay the mostStri-
fling indebtedness, and that their pcr.
s'nal presence is imperative to get
money ont Of bank. We arc reliably
Informed that somc arc not perfectly
cognizant Of tho power of check. If
this be correct, tho commission NOR
chant can do much to cnlightcn those
who need enlightenment.
Somo parties have dstrust of
>S 80 SSeHOioi lNutlOil1I DanKS
in particular Strange as this paradox
may be, the old tca-cup md tho old
stocking are considered moro secure
thanthe bolts, bars and responsible.
tics of public institution. Really,
whatever may be the faults of tho
National Bank, we consider it n much
better depository than private
dwelling and if.neryous persons OBJ
Jcct to q corporation because founded
on paper, have we not tho Georgia
Railroad Bank which offers as security
n magnificent and substantial proper
ty' Surely it is bottor to confde in
these strongholds than to rely up on
the defenscs Of somc trcacherous ves.
sci or some crazy cupboard. Tho
miseries and vicissitudcs Of this pri-
vate boarding arc many, and wo would
not live in IN isolated district with
concealed gold--no not for Venice f
Self-Eduoation Two Ears Not One,