The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-05-08

tlaG tUor COltOu buhIl Ue pLlu III opoSiO,
what will be the effec:2 One hundred and
eighty million of dollars worth of cotton is
paid for il IN gold. From whence is this gold
to ccme? 1t is not in the South. It must
come from Europe or the North. Shipped to
Europe or the North, the purchaser. lfthe
gold remains in the South, must be reimbnrs-
ed the specie he paid tor it: So much more
gold will be required to be laid down BY the
consumer. whether III Europe or the United
States. Specie, from the purchase OF the o)t'
ton, in all It's changes OF hand;, must follow 1t,
to it's final consumption. Tho original price
in gold is left in the South, and as much more
gold Is required to move it, at every change OF
proprietorship.
II will possibly be objected here that the gold
will not remain in the South, but like other
commodities of trade will follow the demand !;
end that the North, by their superior resources
Of commerce. will extort it from the South.
The premise will not be disputed but the con-
clusion Goes not follow. AS have pointed out,
the demand IS here.
return to the consideration OF this PROPOSE
ton from Mobile, as question of currency.
Another result following the selling OF our
cotton for specie does not exclusively belong
to the South, but extends in Its benefits TO ai!
ofthe United States. The people OF Ohio and OF
Indiana are equally interested. II may be made
short cut to effect the policy Of MI. Pendleton.
IL may compel the resumption of specie pay
restore the currency of the constitution
Nobody but the gamblers and poitica! des-
peradoes of all kinds no. ruling at Washing
| ton can look with appreciation at the conunu-
nance OF an iredeemable huctuatng paper
currency in the United States. "A greater
evil, short Of war, cannot be lnh cted on any
people. The very object OF all eoyernment-
justice betwixt man and MANS deleatea oS
1t in the daily transactions of life. Legitimate
enterprise is paral. zed. whilst al! business ln-
yolylng the use of money partakes OF gamb-
ling, At every rice and fall OF the value " the
currency, thousands are robbed and fortunes
are made and lost without industry on the one
hand or fault on the other. The government
itself becomes tainted with the lust OF lllegltl-
innate gain and speculation, and loses all prln-
cple IN it's administration. we have to i've
uuder that government and abide It's acts.
Now, with California and Texas, and the whole
cotton region OF tho South having nothing but
specie for it's currency, one OF two things must
take place-either the paper currency OF the
United States must be made equal to gold. or
1t will be destroyed. La either event specie
will become the currency Of the United States.
Here, then. is q grand result, commensurate
with the United States-excluding New Eug-
land Is the result not worthy OF attainmentp
If the planters Of the South will sternly &C.
mand and enforce it, the result is within their
power.
BY enforcing this policy. It is in vain 10 look
for discretion or equity of laws from the rul-
ing iacton now in possession OF the Govern.
ment of the United states. Both are essential
to lasting an general prosperity. This par
ty are only to be overtbrown by events. Their
prohlgate and subverslve rule must be realized
10 the distress and ruin it brings to the peo-
pie Of the North. 1t ID this paper money, in
it's various operations, and the vast taxes col
lected from the people. and received BY the
bondholders and capitalists, and expended ut
tie North. which gives the semblanco OF pros.
perity they exhibit. By no contriVance OF
government can they pay ten cents in the
dollar on their Indebtedness. But then
they postpone their debts for postority %
pay, whilst the enormous taxes collected yearly
from the people make the capitalists richer,
but the people poorer every day. At the bot
tom of this whole system Of wholesale robbery
stands h: currency. Break up this, and We
20 far to uproot the whole system. The next
cotton crop, vigorously sold for specie, may
accomplish this obj ect. The remedy msy be
sharp but it is the ONLY remedy. And 1t has
whose tyranny and proflgacy have imposed
this evil on the people of the States. The
brazen sham of free government they now
have In insolent Last at Washington titly rep
resents its swndling currency-lts swlhdliug
bonds-and its swludlinG tariffs.
There lS one other DenenG VIII mercy IL
lude to, RAJ her than expose. Tho Southern
people are peculiar penplo-pecuiiar in their
Iuln, their sufferlngs aud their wrongs. They
are treated as conquered people. They rest
under no obligations to uphold the govern
ment OF their conquerors, in any OF their cs-
sential attributes oil rule. Is it not better for
them to stand apart as much az possible. and
to follow the dictates of their own interest in
policy as peculiar as their oondltion2 In the
troubles and contests which are assuredly to
come, will 1T not be we'll for the PEOPLE OF the
South to have their country filled with gold?
Is not the experience :of widespread ruin In
one repudiated currency eloush? Can any
man estimate the difference between the pow
or Of people, more particularly tried under
any pressing emergency, when possessed OF
the money Of Il Q world in abundance, and
their abject helplessness and poverty in pos
session only Of dirty linen raasP
Let Us demand gold for cotton. Let us ey-
tend the demand to sugar and rice. Let us no
longer bs The weak and inert tributary tools OF
Of vulgar and venal mobocra ,y-a fraudulent
and hostile government. Let US resume the
power that belongs 10 us. Let us so admins
ter our monetary affairs, that it shall yet be
the inconsiderable privilege OF every living
Confederate soldier to apply the countenance
Of Mr. Abraham Lincoln to the ordinary uses
OF other waste paper. Il.
Ashepoo, May 1863.