The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1873-10-11
BHOIdling Back BEOrtgagetG Get.
tOn-Hs is IEOnest

TIE prominent position which Mr.. ID
Wyatt Aiken holds in the agricultural
societies Of the State entities him TO be
regarded AZ their representative, AMI
gives to his views an Importance which
they might not othsrwiss possess. s,
long as he diseourscs On topie5 cnuuec-
ted with the interest to which he ha 8
devoted his labors. we confeas our iguo
rance and listen as to one speaking " ith
authority. bit when, exceeding thoas
limits, he lectures an finance aud promu.
Rcs code of morals for his constitute ats
We sre at lib, rty to qucrti"a his ability.
and dispute his instruction, although We
nover held plough or handled 8
hne.
We do not preFS=s t. discass Mr..
Aiken's peculiar views Of finance a.
expressed in his CokcSbury letter. We
would only suggest to him to inform
himself upon subject before Ia ventures
to write upnn il .r.r,.t"irq. for the els
hardly staten. .nt ia his lett-r shich .
not an error, hardly conalusi,n which
b not illr"gically d aan frcnp his state
meats. We have MT time to review
then all Lot one example safies.
Speaking Of the circulssisR Of she Ma.
tional Banks he says it 10 l,gslly yestrict-
ted. but who ever examines to learn
whether they i'su- Que hundred thou.
sand dollars or one ,'million 20 Is it
poasible that MT. Aiken does not know
that every bill which u n ationsl Bank
Issues is furnished to It from Washing,
ton, is signed By che Treasury officials
ut Washington, sRd that the amount
of thase bills is regulated by th .amauut
Of bonds deposited 10 the USited States
Treasury by the SsrSk A1l did Il
never occSr I" Mr. Aikeb that H kis
statement Naa correct. aud the issue of
bills was unrestricted that not oae Of
the suspension he complains Of would
havo occurred! The banks suspended
because they had no bills and could gsa
none. Mr.. Aiken's statements and his
conclusions, like the famous Kilkenny
cats eat each other up.
IL seems alsn to have entirely escaped
Mr.. AikGn'a attentions that the most
extensive and di,astfous financial rsvul.
sions have occurred when tho,S were no
national banks, when vcirculation was
based on gold aud silver. and when there
was, practically, no Limit to The powcY Of
issuing bills. But, as we said before,
the financial Viows Of Mr., Aiken, how.
ever original; do NOS interest US, that
which does excite in us feeling Of
alaym --apd he win paadoo us fer saying
a fseIiRg also Of indignstisn-is the
new code OF morals which he pesks 70
inatiIl into tho planters sf she State. Il
is but justice to Mr.. Aiken to say that
acquit hin Of all Intention to do wscne;
but the errors Of even good men often
produce ipcaleulable mischief We are
willing TO believe chat Mr., Aiken doss
not pTsCeivs the lOsical consequence Of
his Own teaching; hue, diuguise IL from
hinSOlf as he may, his rsmsdy fer tho
evil begins and oads in sheer diRboneS-
ty. il his Instructions were reduced to
practice, the agricultural interest ofthe
State would bo irretrievably landed in
bankruptcy, moral and material This
we do not state this too strongly let 40
examine tho instruction. What Is the
adViOs, which Mr.. Aiken gives to the
Planters To hold their cotton.
Admirable advice IL che planter vas
free Ofdcbt, and bis cotton free oflisn,