Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1876-09-07

L
fundamental principles. Tho Bonds Of
this government have no Intrinsic value !;
the National Banking system 3 in gross
violation Of the doctrines laid down by
Adam Smith. Mills, McCulloch. Ricardo,
Say, Cooper and Bowen: in fact they are
in violation of the experience Of the
/ financial world. In proof OF what have
stated, I will quote from tho text of
recent author Boreghot" on Lombard
Street. He says, "by the Law OF Eng
land, the legal tenders are gold and silver
coin (the last for small amounts only
and Bank Of England Notes. But the
number of our attainable Bank Notes is.
not like American 'Greenbacks' de-
pendent on tho will of the State; it is
limited by the provisions of the act Of
1S44. That act separates the Bank Of
England into two halv es. The issue de-
partment only issues notes and can only
issue Ella, ,t00,0 900 on Government securi-
ties. For all the rest, it must have Bul,
lion deposited. There are here Ella, ,000, 900
Bank Notes or securities and SIS, 2SS, $40
represented by Bullion. The Bank of
England has no power by law toincrease
the currency in any other manner. 1t
holds tho stipulated amount OF securities,
and for all the rest it must have Bullion
This is the system that has preserved the
currency Of the Bank of England, and
it is the least iron system" that can
alone establish fixed and stable curren.
cy for the United States of America?
With a currency estab ished upon such
basis, will come a restoration Of the
public credit, and firm maintenance of
the national honor. The timidity Of the
capitalist will be removed the specula-
tive impulse of the merchant will be
anickencd.; the sails of commerce will
be unfurled; the whistle of the Rail
road engine will break in upon the still
ness of the forest Of the West; the doors
of tho manufacturers OF the North, now
closed, will be thrown wide open, and
the New England tramps will cease their
wanderings; the cotton OF the South will
bloom more beautifully, and its white
fields will again assert the aristGcracy OF
King Cotton the South and West will
be relieved from "the paralysis of hard
times;" and the North and East will
cease to shrink and tremble under the
cerebro spinal meningitis of disorgan-
lied financial system The election of
Hampton and Simpson will have the
same grand results in respect to South
Carolina that the election Of Tilden and
Hendricks will have upon the future
prosperity of the United States. If you
look to the civil service of the State, you
will see the Offices of Governor, Lieut.
Governor, Treasurer, Secretary OF State,
Attorney General, Comptroller General,
Superintendent of Education, Adjutanl
and Inspector CT eneral filled by corrupt
men, Six out of eight of the above
Offices arc held by thieving carpet bag
gers, and the remaining two by negroes
If VIC turn to the Sapreme Court, two
out of three Of the Judges are carpet
baggers; the other is Il Christian Jew.
One OF our United States Senators is q
carpet Dagger; the other, conservative
scalawag. In Congress We have, one
carpet dagger, two negroes, two scala
wags. The General Assembly is com
posed Of seventy-fve negroes, eight
carpet -baggers, and thirty three white
4 D,a "a - fa
is yellow negro, and the speaker of the
House OF Representatives is black ne
gro. This clan can not be surpassed IN
ignorance, vonality and corruption even
by the pet satellites who revolve around
the President of the United States.
IF you will compare the taxable prop
crty of the State in 1860 with that now,
YOU will find that in 1860, it amounted
10 SGn7 ,slS,2SS The taxable property
now is $4,000, 900; there being now
Si67 8 s,2sS. less property to be taxed
than lvc had then. At that time the an
fnuar s.a.e tS.< was oou',OO the annNal
State tax now is s., 800, 900; being al in
crease of Sl,cOO,COO. Since 1868, the party
in power in the State have collected for
State and County taxes $lS,O0O,OOO. BY
the issuing of fraudulent bonds, TO the
amount of Sl5,00O,00O, which they sold
appropriatiug the money arising from
the sale, that amount added to SiS, ,000, 900,
makes it near s25, ,OOO,O 900. This enormous
amount collected from the disturbed in
dustries Of a people who had just passed
through the desolation and ruin of four
years. war, staggers belief, and seems to
be an incredible story; but there are the
figures, and they can not be gainsaid.
The existence of our State under such a
government only proves the productive
ness of our land, the great value of our
market crops, and the energy and man
hood of our gallant people. And what
has been done with this large amount Of
money? The lions share, or I should
more properly say, that the Harpics s
share, has gone into the pockets of car
pet baggers. And still the cry for bread
comes alike from the Penitentiury, the
Asylum, and the barefooted negro in the
everglades of Colleton.
1t is to perpetuate such government,
and to keep such people in office, in this
State, and the other States of the South,
that the President Of the United States,
the Secretary of War and Gen. Sherman
have ordered two companies OF United
States troops to rendezvous at Edgefield
G. H. They have arrived, and are now
there. The question naturally arises: /:
Why .havA these troops been sent to
Edgefield eleven years after the South
furled her conquered banner" at a
time-of profound peace, when thero is
no invasion by foreign foe, no demon
stration Of domestic violence, 10 opposi-
-sion to the due execution Of the laws of
the State or of the United States?
If we turn to Article ~. Sec. 4 of the
Constitution of the United States, it is as
follows:
"The United States shall guarantee to
every State in this Union Republican
form of governments and shall protect
each of them against invasion, and on
application of the Legislature or of tho
| Executive (when the Legislature cannot
be convoned) against dom iolence."
Now I ask all fair minded men, if there
is any invasion threatened to the County
of Edgefield? Does tl1er&esAist any OIL