Newspapers / Western Carolinian (Salisbury, N.C.) / March 20, 1840, edition 1 / Page 1
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JB5S - -THZ POWERS NOT DE:iiATEI TO THE ran instates nx the rnxsTiTFTins, nor irohibiteh hy it to tub states, are besebveu to tub iitrcf aesrEtmiiLY, ok tothb rKorLK.-Amrntlmntttotke.Conititution, Artich X. J. AUSTIN VC. F. IISilEK, Editor and I'rcrittors. NO. XL. OF VOL. XX. (Whole Io. 1030.). SALISBURY, N. C, MARCH 20, 1840. Wao waul bvlUr -I.t idcrue f 1 WOULD refer the mailing public to Uie nauifmms .J. voluntary letters published recently in this paper and in nm muwu ""muiii( inaiivc io me noppy unu Beneficial meets me iuuiiHiraion jdOFFA TS LIFE PILLS i'UENIX BITThRtf, TnwrwhB have -rwased tne letters above referr ud'lo fcM observe that m almost every cime (hey attest the act. that n inconvenience tr any sort attend tiio u king of tl"" nvdiciwa, in ordinary cases, but (but the indent, without tufMrnj llieir operation, id uiuvertnillv left in stronger end better sUU? of health thnn wns experienced previous to being slu.cted witu disease; 4ul in ait ewes "t acute sulliiriiig, great relief i b tatned in I few bourn, and a cure is generally effected ' is two or three days. " la, cases of FKVER'of every description, and all bilious affections, it is imiuTcdry for molu any aught, al believe tho Lift! MEDICINES are now univer sally admitted to bo the mnsi spoorfy and cllucitiul cure extsnt m all diseni-e ol that class.' The LIKE MrifMUlNES are aleo a moat excellent .relief in affections of trie Liver and Buwels, a bus been proved in hundreds nf cases where patients have .com lorWird and requested tli.it tlii'U experience in taking tliem mijht bo published I'orihe beot-Iil ot order. )n their Operation in such case,' they restore the lone ot' Hie iUnaiach, atrengtb-.-n the digestive organs, and invigorate the -general functions of the whole body, snd ibn become lo ' sexes (for they are perfectly adapted lo each) o luvalieiiilo nivalin ot pre venting de-ease and reinriii;j'henlih, ,,.!., . I a affections ot Ui hid, whether accompanied with. .pai'n and giddiness, or nmrned by she. grievous calami ty of impaired mental tinefcy ; i.i palpitations of the lunrt, flatulence, lose of appetite and strength, olid the multiplied syutptotns of disordered' digestion, "'i'lIL J ,!!'!, MKDICINUS wilj'he ftinod to pwivm the mM '.dslutary elhcscy, ,..- " tVtrthnttmm rTt.red.-wwiIt.-of lejKt, i(v-iM- ttt womfo, arc nndnr Ilia iinntvdiate mlliipce of 'VIM Ufli MEDICIA'Kii, gid wmzhij htji.(i,'ap' eon- piTprft'Cf.lisbltinirc' soon-relieved and jium dtly ciruu". Piivertr-ef WuMt"; anid -eitiicratH-.tli1 wi)l -I'tt-'ltTi meet the huppiIW cliaiiie: the dull watury tluid will Vcoine rina and taianimc, and tlio Jiiuba. bq covarcd- With llesh, firui and heailhy.?i '-', Nervous disfintim of every kind, and frnm whatever moeoertHine, fly fcttnrthe tiTelJt d J IIE LIFU it f)ltiNiJ8,and all tnat tntm tf oiiikincw, anxietiof, and tiemmrrffwhirhrirendtflHyiltfiirt heJweKt ! -p.Btaryrand tbe delfca'e, will nj " Bhorl lima b "nuo wded by Clie-.TtuliiL-sw, mid ew;ry presaftu of health. For weaknew, deticiency .it uaiurul irengibiand rrbtxatiun ef the veeuola, by too tretaent mdiilgenoo vt Hie pa-siuus,' this metlietoe in a wate, certain, and in vliiabt reirit'dy. - ."- " Tlio wiwhava long resided in hot chranicsrtnd tke THE I.IP'K JlKi)lCI.K! with tlie happiest el ffeff j and pfireona removing to the ikiulliurn riiatea or Wert Jodief cunnot atore a more iiriportaut article, of MUi and life. " - , ' " ' ' ?' The following cases' arc among the most 'reeetil cures efTucted, and gratefully acknowledged by the pfnoas bRnehtted t ' ' " , Case if Jacob C. Hunt, New Windsor, Orange f'nunty, .. V. A dreadful tumof dwtroyed nearly (lie whole of hid Tbco, imee and jaw." K.peneneed quick r-licf from the use of the Lite. Medicine, am in let ihau three inontha waa entirely cured. Case reported, with, viiO'i wigraviug w a ,uew. pwiiphle(,nuvK..ui press. -: ' . J? of Tbos. rurccll. aen'r., 8 1 yearn of ajro vws rfilicted 18 yoara with swell ngs in hi Ingwas en ; jf Joan IHnltom Aterdecr, OhiowVnmalmin flue years ia entirely curetf has uwod the LIFE i'li VtCtXTXTtf'yVblinrTirxriMniT ntt tbnmf -ttiem-a snvereigii remedy.v. . -' v ' " Case of Lewis Austin periodical sick headache al ways relieved by a small dow no Entirely freefrom it .-i (Jane of Adoa Aoios cured of a jiiont, inveterate axul, Caw of Adah Adaiha, Windsor, Ohio rheumatism, -jrwrer.rTftf-ttfMt el by takir.s; one bu of pilbi and a bottle of bitleriH a most extraordinary cure she is now a very healtliy and robtint woman altealcd by her husband Huibel -AdairtK. i ..... - One of Irs. Rndper.wifebl JoFcph Badger nearly wmhw teatum riU ihe tfuxic. ; CawMit tiusun (jixidarant. I voonr unmarrfciT wo-1 wan dubject to ill health several yoars-'i small course nf the J jte Medicineb entirely restored her U no bale end kealfhy. - r"" Case of Miss ThomsW dat'ffliter of EliTlwrnas mgh and symptoms 4 cn-mmptioif Cured in four iwia. iter silver tun u m a feevcrs aiuca ot luuaui Wory rheumatism iH onwti t (me of S. Colvin ured id a evere attack of scar Met vWer in a few days bf the Life Medicines. . tawE w- Hlrriet rhgood, mine,- rt,-y .was m a Verv low stata ol' health a vaiur and a hall diditot CX pect to recover. - Mmw T. is notable towalk about and is rapidly recovering both health and strength. Case of Benjamin J, Tucker eeyere caw of Tever and Afue cured in very short ipace of time. l)i rcetkns fallowed eiriclly. - ' " ' " ' "" Case of Arnoa Djvis afuetion of the liver after tryingr doctors remedies irt win for I long time, was MittredJy the Life Medic :oa without trouble. - Extraordinary esse of Lvmsn I'ratf, who was afflict- Wittr"rhhisle 2tr ea W-Tftecte'l "prTfcct-ctire-w 24Voursby the useof 4he Life Aledicttics. , - Toousaiwls of nernnns alllicted in'like manner, have, a'lodicioiis use of" MUTFAT3 JJFJJ P1LI. LI.H snd .njoymenl lUasant to, ofthesto- PHEMX BITTERS, been restnr-d to the enjoy - the taste and smell, irentlir irtnhire Uie liuros ol me si wsctind xtye itlWt lUBput irn?ur w'hrcn Ztm .rcquiteaJ. -A-AliiH(-sn-bc belter adapted ..Jo., help and twurwH the constitution, so there is' .nothing ore generally acknowledged to be peculiarly Hnc. cnos in ell inwaid wastinS, loss or appetite, indigns tioo, depression of apirin, trembling or shaking of the hands and limbs, obstinate coughs, shortness of breath, Tim I.iIm MiuIk-iiiiv ftnaiKHn Knndorllll elliCUCV HI Si! nervousdisorders, 8u, headjchea, weakness "" ,ms aed bwrtessof spirrts,dimnessof'8ght,coiiriied thoughts, ndertn?of the mind, yaprs end melao:!Wy, and all - kind of hysteric enmpiamts are frradually removed by NtAPaJUa-wciaiesikJl aksuiafilw.Il4luWnowii.orrl.- wstrection,they are safe and povertul, ana as a pori fier ot tbe Wood, tliej have not Uieir equal in the worldly Fot additieaai partieoUrsof Uie above aiodicine. kc Moffti's "limit Hanuriun." a cnov of which accom panies the oietlicin ; a copy can always be obiained nf toe aiUt-rc nt Agent who have tne mouiciue i French, German, snd Spanish direction can 'be ob tained en application .l the office, 375 Bnstdwsy. . All nu,;,l tnill receive immediate attentton iVn.reda.wl.d.iS WILLIAM R MOFFAT, 375 IWavsv, Jtrsr York. A liberal deducuoii made to mmt pinnule it, wii i. ' . 1 . fc 1 v Agei-The Life 'Medicines may also be had of any fl principal Drusrgils in every town throutrhoitUUe t'nited Sts and the Canada. Ak f'f M'i f" ';' Pills and Ptwrnix IWters; and be sole that a fee : simi.ic "f Jo',e M uTil's sictnattre is un the label ot each but. tie of Bitlers or box of Pills. , '-T ' TAeoftore .VeJifin-i mnjf be hiirf Crtni( Ko;rr(n foira, Agents for tht Proprirlor. , Salisbury, Jan. 3, I'M'. TERMS Of TII5 WESTF.tt.('CARlil.lM v Tlie Women (Carolinian is" publudir-d every Fm luv, at Two Diillur per annum if paid in advance, or Two bullarsand Fitly Cents tf not wr.d before the ex- pir.Hinn of tliruaiiionilia. . - - ,. .'. No ppr will be dimtinued until all arrearages 'nre psid, uiilemal thediai-retion of the Klitorsaud a . failure to (mtily the Kditurn of a wwh to Jiacoutume ' onk mouth b'.-lore tlf end of a year, will be cotwi.lcr ed as a new ehirmfoniont. . . , AdverlLtements will he cnmioicumi-lT and corrr-.tlv in-iertrd, at one duller per sqiwre (of ;U(I nut, or fern ljni of this sixed fjpe) for the firxt insertion, and 25 ceils for each continli iiicn. Court and Judicial ftdveriisai.icnbi will bo cliargi'd 2 per cent more Ihsn I wuwty loiiows that Uie iwtmal tendencf or the the above price, A deduction ft per rent from P'? yteuj is to expand, in-seeking to aeoorn. the regular prices will tc made to yearly ntlvertiwrs.i I'1"''1 pbjwt. till it terminates in explosion. Jt would Advertir:ncnts sent in fiirpublicatk'ti, must havethei'?el,y to show, &n what has ajready been stated, niunbfr of times nn rked on them, or they will be inxer-1 "wl nw t"lflcncT " .continue till tti'xpnrui shall ted till forbid, and charged fur accordiiijlv, I wdoeed as to be barely sulBoien't to meet the de- letters addfi'ised to the Editors on busmrst must be foul paid, or they will not be attended to . -. rorfic-tl Dcii.irliuciif. .1I!S 01IIE1T PtARIJI AT HANOI' STailHO.' TU F. TRINTKR. . ' . Koo-.v ye Uie I'riiiter's hour of p-ee ! Know ye an hnuf more tiauehl with joy -Then ever Mt the maid nf Greece, - ; When kissed by Venus' a m'rous boy! , . 'Tis not when nci 9 of direful rote, , His colomiis all with mmi'in fill ' 'Tis not wlicn brother Printers qjple ' The cilusiuns ot his stumpworu (juill : ' TiS nnt when in TViTssTancyV p!a, ' " Ijoiijt airvertieeiueoM meet Inn eye, ' . And see in to wln-;wr as they nasn, ' - .'1Z,..,JIL!' ,r?c,1: Ium' f'.?n iy.J!'.'Ah)L.. Nor, is it tjhen with numerous names, ; . s . Ilia lcnfc'theueJ'nJl of vellum a well's As if 'twere touched by eenjiiror'e wund, ; Or grew by fuiff magic spelis: ' resdrr.'nn the PrinUVs lioTirJ ' ' ' I! is "hour of real mienl rennno. : -y r T not when liy some niagic oower V f ' His list of patrons daily growa.--" , ' , , JJjtj oh L 'tia wheB,sicfn whiter drear - '.-. ' t ' ''Omes robnd to snow, and ram, and vapor,' He hears, in accents nitt and clar, t7ZL' ' " -' ' HVi come ttt pay yim fttr ywr-pajtrr'1 r-". 111.- 1. '. ... 1 1 -V OT4t'K,--aS"MCTtmjf Tif the-MoantBi'ir 1 ''.Temperaiice Sofciotv, will b held at (he li Road louse rd Mr. Dowalt Lontz, on Mnnrluy after the fifth Sabbath in this p)OHth,wheb several Addresses will lie delivered, .one of which will tie in the German ' Language, by the, RnC 3nul Rothrock." , , ' By order of the .Society. ' JOHN 1). iCIIEnC, PreMiIont Fnlishuryj N; C, March 13, lltft,. ". , (m. IROM-TS.WW to lM.fJW'of the-rirt Murrlrsulii vCuttinB. ' Apply at . . Tiil3 OFFICK Heptcmlier 20, ISi'J. V . tt. 'Z2Z II,8 Located. JihuhoII t Col. David RaucyV, .QukleyJlsruveLInulcU conn. ty, N. C.,.and reHpcctfully tenders bis services to the public in tho various de part inenls of his profession,. ' ' . JaiMMry 10,J8AO.. ,. r . ' GrcaOYcstcrn StagaLiiicr if i-. .... - - tj 7 - IHfi nliove line ia pow in full operation, and ar riv-s gt, nni rfeparbrfnim Salisbury as follows : --' leaves Srfiisbvry on Mondays, Thursiiaya, and Saturo'aye, at 5 o'clocb, A M. i and arrives at .AshT.itle.nest da,v8 t.8 o'clock, V- M rltiHurfiiiii;')1i.aves Astivit'fi nn "Sfiindiiyi"Tlitirs- deys, and Saturdays, at 6 oVJock, A. M, ; and sf. rivos at Salisbury next dnyi a) 9 o'clock, P. M.. . v A. niLNClNI, 5 ' ' n. W. LONG. N. R. Psssenrs" leaving IUIeighf-N' C., for Nashville, Tennessee, will find no delay whatever . on this route. . .... ..... A,i B. de R.T.JU . Falisliury, N. CM Jan. 3, IS 10. , , . tf r ' ' : 4 rAIR.nf YOUM! well broke ' lTf NORTH EJtN HORSKS, and a r, Y"i.V PtNCsUVAOJlTlilXV .TROT. JJj2LS. TElt tot Sale by - - -" ftttishorT,- 19,-1930. 1fr lllSfOLUriON.- The firm of Jncob Wineeofl MJ A; Co, ia tins day dissolved; bv niutusl eonsent- It is-earnestly requested, (list all those indebted to the flrm, lijiook account, will make settlement by ' rTotir notp, Itelnrv ihe lust out ef-A en? nestc it is desirable io have aa spoody a close a posible ( ell the accounts.- J irnb W mecoll li Julty an (horized to f rant djschsrgns fr the firm. - .Al Vl tv NK( (irf, -..r ; in vi w vv i nrorrr"" , - HENRY OOonMGUT; ti.U Hill. Cibtirtsiaco., Feb. 1. 110. K. P.. The lulsinris will M cotitinned t-,nrt he tl. imdersteiied. under the firm of J, At t vv:..,.. ir iw, aniirli rooiimnnee of the pat. it, i,e v", - . re.nsi'V) so libers lv extended to (lie lormer concern rnrjia bo io.t ao thev will endeiivor to tisrnl isvor 9J anrea attention to their Jjosiness am low prices, f ' r - 1 jcon UIM'.COFF, . Ransom vinw:off. IV It- TO J JC4( " , 27 5w ' V - . : rcK-vsncii rortCIl-.Tl.lkCr. rpiii: v -ru,, "rt,r"r? ' ...I r:e.sn,,ed., r hab.of " I , - vment to (we1 . . . . . . i . . ... i ... . .. i li. r!M,-ii.e-K ... ' for h.ch, .ftbry au,t)U will pevl..:r.l GUMPTION Ae STATE PEBTp 1 .. speech ok mil q.Lnor.T, On the Ammpiion of the Hta!c Ihti by the. General (t'ii'rrntfft'. jeoRr-Li pajt. I trnt tint I leve now established to the e'ltire snt isriiotion of the Sfeiioto, the truth of the Bmat principle winch hits been laid down that rvery increase i4 pn toelive dutiea is necessarily hilluwct!, ii tlie present cosuuion m niircuuniry, by en expansion of the curren cy, which must continue to mcroase till the increased price nj production, caused by the exoaneton. shall be ejus! to tne duty impoanf, when I hew lariff will be wred- Anininif, tlien, the principle as inenntro- '"a"U8or in couuiry ioc me articles not mcimied in the protection : as it moat be obviou. so lonir si thev rrceed thai a mount, so long must specie, continue to be imported, and. the exchange lo be in oar favor, till- the protection is broke down by the cxpnmtioii of the f nr reney. ,. .' . The consummation, therefore, of tlie system, mb-it be one of two things; explosion, or the redu'utiun of the export, so as not to escocd the. etnount ol the unproJ tecieu articii; nut either termination must prove dis astrous to the system ithe former by a siftden and vio lent overthrow ant the latter by the impoverishment of customers and raising up of rivals, as they coawd to be customers. . To bave tust coiiccntion of its ooers- tnm in this particular, it will be necessary to bear in ; mind, flint the Hoiith aud West are the crest consu mers of the products of the North and fast; and that,tue capacity of the South ! to consiimei dejienils en hor preat s'griculturil siflplns ssle.aod consumption 'depend mainly nn the" foreign market, WbiVttion, would be the elToct of reducing hr exports to the point indicated, aay tn forty or fifty mtHimirofttoHsr!r! 'Most cortarnly tsidtinini'berte paoity totcon6utne the products of the North snd lst in the sie pfeportwm hilwwed by a correBPonihnar di minution f the revenue, and the" commerce and navi gation of the couiitrt.- Hut the evil would not end lilnsre, . gteat wit .would be.-:s.It woold tta, at cs;mi1 or preater effect on tlie consumption ot the Went Tint great and. gruwiog sectioa m iUe provision portion. ot the Union. .' Her wide and fertile region gives her an unlimited capacity to produce grain and stock of ev ery description; and these, for the most part, find their market in the staple Htates. Cut ofT their eiports, and their market would be destroyed ; snd with it, the iiieflfjs of thC'West, to rgrcat extch""fof"6irryihg oh trade with the Nortiiern and Eastern Satesi To the wm5..extent, they and4 pelTed to produce, their;! own auppiiee, and would thus, from oonmnnefp, be converted inw rivatk with the oili er eeclien.' t:'-f !'..-A .. : Ilowuiu,,h wlsorforaHiwoold.be the oppmi'to sys tem of ?ow iiuneo, wim instirtritmor toe-wurld opened to our great agricultural etnplns! ' The etfocta weuld be a fast increase of our exports, with corresponding increase of the capaoity to consume, on Uie part of die !Wtr IM VVest, making them rich and eonteeted cue- turners, instesd of impoverished and discontented rivals of tne other section. It is time that this subject should be regarded ia itt lighi; The protective system js.iKsUlietiiioM flor. lena thaa a ,w.ar j)n:tliaajtpurt..l apain repeat, if. we oanriot imp irt, we cannot long ex port; eod just as we cut oil or burden the imports, to th fsme extent d$jj-e exports. Tlusl iiavo .lonii seen, and shall now pro ot'od to prove, by reference to the public- documents, that my assertion .is sustained by facta. The table ot export chows thst doring tlie-eeveil yes re- fiom- li'U to 1N11, our domestic exports remained neerty station ary, notwithstaniling tlie great increase of our popula tion during that period, . Your statute book will show, that during the same period, the jprptectivsjyem ws? taifirirTcWWfifB wlixation to. p'acc in December, lb;J, under the act ot tho 2oili of jlay, ottlie same year, which .made a gresi reduction, in the done on Cffree and (ear ; I flaJ novy tur.to.tlje table, and give (heeXorlif IOHiirlWIHyt i!m years, beginning with Vfiti, . ; . . . Here M r. C. read tin following sf atement i -' In 1324 the domestic exports were $.V),0 10,500 . 1W5 J,W 1,745 fVLUViJU) 5,92l,ll!l 'Tin.oog.fittii .p.",7tM,lti:i 1S29 ieau tf we take the average of tlie first 'three and the last of th we years, we shall find the firmer is a million and a half greater than lb taller, id .owing an actual fall ing otL instead of an increaae, to that extent, in our exports. . . - ..':'' ''. '" ' . ""', .' :' With 111, Uie reduction of duties commenced on thrarttclM nwntBaiedi-e' in Ieemtjw..l8a3.-' the first great reduction took pisce under the coin promise acL 1 shall turn to the seme table, begioumg with 1MJ1, and read s statement of the exports for the eight years under the approach to the free trade system.. It is but an spp'osclu I invito especial attention!" the rapid rise, after tbe great reduction in December, 1:13. - In 131 the domestic exports were $(11,377,057 IKV2 , " . " " Wt, 137,47(1 7l),3l7,HtH J ft,(t,10i -"-"lOLMf.W '. l(Kj,.')lti,tU in,54,41iV !Ktl 1W J?:iti 1HH7 I, - - -w ' Haw rapia the ;ise just is the weights are removed f The increase, woes, toe geaUHredueiHW 4n lU, ae neariv doubled tl average exports,' Compared with the woiftd Mvr ij'irte nermtes triem, iw tiortne cspanaen and deranged condition of the currency, and the con seiiuout eiDbarraasment of commerce, preveuled (L ' itul what will apper.r still more extraordiwnr to those who have not reflected on the operation of the protectivetystem, is the, tjreat increase of the porta of e"r domestie ntsnnfaolerea, an th diittes goon, fol lowuig, to (hat ftiop.l, Uleiuiuie Luv thai rcgulateaT (lie exoortsof the crest sfrricultural staples,. It is precious tact, that sposks volumes, and which demands the serious consmersuon m ine msnuiaooinng pornn expos eat in- which - of the lynmwi,,,! .welljrciMCiitlr...tl.wffiW.Mf taTionsof "tlie friends of the sytttctn, of the.grest crease of the export of domestio inaiiufaetiirss w V.i' t believed wouie toiiow ins tarm ot lias, vveu, Well, 1. .iiejiui.Lre ilia reJtLtxpcricu(taidia Uiatact,, ' , j and also under that of a psrtitl approach to free trade, nt th o.d ilM) t jnij te exactly the reverse of the enticipa- i tions of tbe friends and advocates ol protection. Bo i far from increasing, under tlie tariff of 18K tbe ex ' . . f. I... i .....i. ,...n J. pons w ,....uw.. ..i.lc. ...m,, . th have raoid increased msl as thev hate - i ; -.-r- - . ' . Hut the table of exports hall speak for Ifsclf. ' Da rin j tlie four years, under tbe tariff of '2t, that I"riHn . thst year to .'0, winw ine tariu oi went lino ope I niiwi, the export of doiuostic msiuifactures gradusl- ij rtt clined from y),WJ7, w tne year ifft, to v M'Amtha year rrom that time it steadily V . -.1 1 ,,S nf Al a.rh tt1..ui;Mr. with U.e preceding till dt&fiU m Vltnd showing-,!, sggsle Oecinico, umm n inu u vin , fi,iii, "nft-aVring the whoa tsrifr ygmia-of eiah .;! 0f nearly aJfWj'At till tliere has Loeu as unwani iiioe,'wiLh but liule vilira- tiftn,' Ih rou chout the vi hole period, till -the pfes.nl ' tune. The last year vte June it 'a, when the export exceeded any precidmg year, 'J hey auiuinil. d u 107,0" boMiir an morva, during ihe sm yenri of T the rediietn.m of nulutf, of 'J,;ilflJl", aqmuii a falling nil, in (he preceding ei(.'h( yoirsof prot(Vfio-i,of7tHI,. OtXf nn mcrcifoot C.' per cent, in hiij yoars, and ihis ia the midst of all the enibarriiNn'ui of rnm.noree, ,aml opm-wm and doiaugetneiit uf Uie euneucy, and, let me add, what has been so much dnalod by tho friends of. fttanufuciure. the fichty mcrttaso of the , exports pfyoor rt kgriculturalsttplHs, 'durrtig Uie jninc period i a clear pnssf that, under the tree trade system, the one doe not interfere wilh the other. Let no friend olntxniif.icUires suphiHe that this interesting result ia accidental. It ih the operation of fixed laws, steady, and immutable in their course, as 1 ehuli here after show. v ' '. . , '. ' Now, sir, feel myanlf with these farfs warranted ( in inserting that if the deranged ttiita of the curren cy bad not iuterlcrrcd, the grat manufacturing ioter itit would have cone on in a tluurisliitur condition du ring the whole period of tho reduction under the cotii4 t prunitM scu proving thereby, to the salishictiont all, ' His' fkllacy ot tlie protective system, Any siipiosed Iom, from, the reduction of duties, would have been much more than made up by the increased ability of the South and vVest to consume, and the rapidlj groov ing importance of the foreign inmket. . Rut I have not yet done with the system. It lias ad- dijional and heavy sins to answer for, The turiB of '1W s Is the eourcii in which has originated (hat very derange s men( of the currency, which has so-greatly emliarras sd, at this time the very interest it was intended lo SMlect, as well as all other , branches of industry.--old as is tho asuurlKin, I sin prepared Ui establish it to the lettcf. t "" , It has already been proved thai the great expansion "of thecarrenr-y in VJrlltt, ind !t wnsthwimmedtste etliwt of the tariff ot 2 It remains lo be shown that the cause of the slitl greater and finger enntinticl ex pansion which has terminated nl Uie overthrow of the "rbenfcinf-ayattpsitf-sjtr distress or the country, may be clearly traced baiH V; the same eourc. To do this, we must return to the year '32, 'and trace' the chain of events lo this lime, lri (Jut year, the public debt' was finally ditclierged. ' - The teejr 'oyenue. which hd. been poured ttilo the Treasury by the .tariff of" .lt$t anil liich had accelera- , ted the payment of the public dcM, could, after ilsdts- ' " cliaro, no luoirer bd absnrbed" in the extraordinuty ex psuditnres of the Government, and I surplus began to accumulnta in the Trensury. Tbe Into. Bank of the " United Htates was then the fiscal agent of the Govern ,'ment, and., tlie Jcpmitory of its revenue.'" Its growing "amount, and-prospecte of greatfnture increases began t to act on the cupidity 'of many of the loading Htate IUnks and sonte of the great brokers ofNow Vork. " HiMice theTf wsr ajjaihst' thai institnt ion ; andlioiice, also, (be roiuoyal of Uie deposit es, . The late Presulent rfl boliove to have been really hostile ;o tlie Bank on principle ; but there would have been, little or nd mo f live to remove thm, had it not been for their growing '-. Imnertanee, and the hostility which the, dosire of poa ' sessing thent had excited.. They were removed, and pi iceo mine vaults or certain state UHiitta' . i o this ; removal and deposite In the e'tato Banks, the meoibers .: o'er me way are in uie nauii or acrriouung an tne (lis- , orders or the currency wdicti have sneo hdlowed. Now 1 ask, in the first place, is it not eettam, if it had . nA been toiltejwrjjhjijyjBjpjift .fiBtsaJitiis. wouiL not have been remoyrd ! And, in the second, if there . would have been 1 surplus had it not been tor the tariff ..e ' v ... I Atjain: is it not equally clear lliat it was the mijni tnds of the surplus, snd not tbe removal, of itneif, llmt ciuwltiie after dorangement and disorder J If the surplus had U-'tu but twuor three iiuUitniii, iho iitdio- ry sum in deposite, it would have been of l;Ule linpor tsnee where it wis kept; whei'e r in. the vaults of the llink nt the United SlHte. or those of the States: but fcL"lr-bl?.ftM. fifty mi'l-t a4 - i.ite - 4tn.le a ouostion ot the hiheHt tinportstico. t again shU, a ft hit ui this great surplus (o be attributed, out to tlie aim- cau jo ! yVi'Tit'T, the1, torjlf of iT-i") cansej the Psiirj))us, . and tfjeijrpj.iis the reinovsl and all the after . iwMtaraUaClHLteucyip (rue, 'by ua- hit deposited in the filtJite b ulk; but it liny b iloubted . whether the disaster would huve been much lew, hid they not been removed. r t'mt, however, as it may. " it M not material, as I have .shown, that surplus itself Waa the motive for toe -removal, we ell remomiier what occurred after the remove). The surplus poured iinlo. . Uie Treiiriby niillioim, in the form of bank miles. . Tlio-withiirnwal from circu'atiiin.and liu-liti'ti' up in the -reulls of the deposite bank so largo an amount, created an immense vacuum, to.be replenixh ed by repeStihg the issues which gave to (he banks the muans of unbonmled acGunimtslations, Bpeculation " new commenced on s gigantic ecale; prices rose rap idly, and one party, to make the removal acceptable to i ihe people, urged Uie new dnoositurtee to dweount free ly while tne other awe produced Hie same effect, by iiiff ihem b,r not aiTt.rdui0 ax extenive seeomn. Hal ions ss the Bmk of the United (Slates would have done, lied the revenue been left With tt. Madness ru led the hour. The uhols community wss intoxicated Willi lonoiimrv wihiwcisoI realising immense lor tiinen. W ith the increased rise of prices beirsn (he ff'i-nii'.ic speculatians in the publio dmnaiu, ihe price of b ch boing fixeil by law, Could not partake of Uie general ri"". , i o enlarge (lie mom for thofr operations, I know not how many millions ffifly, T would suppiwr, nt Iwo,L or the puiilie revenue) was sunk in puruhs- sing Indian lands; at thelf Tea ifmpta price nosTlr.Ind removing trioe alter tribe to Ills Wit, at enormous coat; thua eubjecting millions on millions of Ihe chta '. cent public lands to be seised on by the keen end groe dy speculator. The tide now ewelled with irresistible fowis-i4Jrom tti lMia.'(li-dpojdis5. parsed ttyidie- .count into the hamls cat ih land speculators; from "fwm iirto" ItroTnihifa "rff the recetvef a ftdihenctt fd tft' tank; and ajsm and sgain repeaung rhe sawctreic. snd, st every revolution, passing millions trf" sere f the public oomain from the people into the hands of speculstow, for worUilees rag.. Had this stale of things continued mncb looger, ever acte of the pub lic lands, worth possessing, would lave psd frOtft the . (,rnmiOt, - At thumUifn Uiealsiio took plaeav, Tlie reveouew-asallTifiptwr lo be ffiOTdofM-By M est extravagance; resolutions pissed this body, catling on the uepartmems io snow uow omen uiey cisn-i spend, and much resentmeot wss felt became they ., tUld mr -r- last ewiogb, --The Ipol( Act area passed, and the Treasury Circular issoed; but, s fhrss the currency aas concerned, bvam. tThe explwon followed, and tbe Banks tell In convulsions, to be reeu jcitated Jot .LMetA !9-.tAlaWttLftflWJ more deadlv stroke, onder which they now li nnvtraia; I bave now presented, rapidly, the Bnbroken chain of : events tip to the prolific source oUonr disasters, and down to tlie present time. In addition to the jaasas 'originating directly in lha TirifT of 1H2B, there were several powerrul collateral ones, which have contribu ted to the present prostrated Condition of the currency and the Banks, but which would have been compera- tiy )ly barntleas of themselves, lAmomr these wss this s; important change in the charter of tbe Bunk of Eng. land, at the- last renewal, about th time our surplus , rovsnu began te accumulate, by which its notes were made a legal tender in all cases, except between the . Hank its creditors, . The obvious effect ot tins modifi- cation was, to diminish the demand for specie in that - great mart of tin world, snd, in corrseqnotice, rmist Xavo tended powerfully to keep the exchange with us . in an essy condition, while the tide of circulation ws rapidly rising to s dangerous height. But there was another cense which contributed sti(l more powerfully lo the snine result : I refer to the grcst bxe eotis-' U'd nhn.nU by Siales ami CorVirnliniis. To (lime 1 M the operations of the United rHiies llntik of I'ennsyt. veiin, the direct ohj'rt of w hich, in some f its inma proiimietif trmvneiintis, was to ph-vent the exchange I'nun bucoiinug ml.vt.ro to use .,-,-. . Py' tlii; operation of these esusVopi'-ineil, tho e elm ifres wire kepi easy lor vimiis, nor hundini; the iat exjMtiisioa ulmh our circulating had altainelt--firMii tlie powerful set ion ofthn more deet causes lo whnh I have adverted. The stroke wsik delayed, net averted, aud foil but the heavier and moi fiitally, be cause dolayejj. And where did it fall, whn it fani, most, heavily t Whew the tmmiiire.whiclXcaused it ongmstud ; on the fiends of its pmieclors, Jltthold how error, folly, and vice, jn the ways of in itidkrtiulile Froiderien, turn bnrk uo their an! horn. , ' It is full (iine for the North, and nmre e?peeia'ly for M 1V...I....I 4. -4 -.... .1 . I.- I'.u liear the voice of one Who his ever wished tiiora Veil i,tT r.'iiuMil. i.v riii.ri mi jMHe;i,. ji nicy (fHi:i I would any ih.tt the renewal of tl.a protective sysK'in would be mie ot uie . greatest fnjnunties trist could fttl you, t Whatever iucldentsLgood ceulil be derived, from it you have already acqiflred. . It, would it tenew ed,, prove a pure, "unsifultersted evil, .The very re verse a your iruo poury. j im f rest question nsr yea to decide K how to eomoiiwd Jiff threign market, Thenme market of tslf is too scanty kf yur skill, your activity .'jfour eru-rgy, your iiiieiuslIeif"invetitivo powe'rs, yobr untiring industry, your vastly increased population, and scounmiuttxi citoitat; Witljooi the for-. cifin market, 'your unexampled nircli to wealth Ind improvement roust roine to a stand. How, then, sre you looblaio command of Hie foreign marked Tiiat is tlie vital ((uestion. , ; ' ? r The first snd mdiapensnWo step is a llwrowh refof maiKin of the currency. Without a solid, stable, and' uniform currency, you never can fully succeed, The -present currency is incurably bad. tt is nnpnswible to giw-Mtty-r-fbilrtyr-A frmvrrttble bans rtirrcn cy, however well rogiilnted, is subjert to violent and sudden changes, which must forever" tlnflt it to be the standerd of value. :. It is by tar' tho'mit sensitive to - memic; as may te Toauiiy niimiraiea oy reuwence to .af- flietmlmsry action of Sirpisn exehsjes on 'such cur-' ' -rency. For this purpose, let its aaauuio ibstour trdl- v" nary circulating medium, when cxciiingef nre epy, . amount bi lwyslJKJjOliU, , cnr!iin(i, as it does, of eou- , verlibla bauk pspei..-Jj:l us suppose 'tliat it-w U, iik. -'- " sued" .by .-what a ro called -sound spneio. pavina -tMak wiin a circummn di inree conors ot patKir inr one pot- lar in specie, which is mrttnled as constilutiiitr rate). banking. Next, suppose exchange abroad turns slUum lis, to the smount of in,000,(KHk , I it not clear, that instesiof reduomg Ihu circulation by Ihnl Snioimf. (hat is, t )!Kl,(1tKI,fl"(l,Jliich it wooW doif it eensislodoii- - - ly of suecte, u would be redaced three liiims tlie smount ; that ia to 70,1 HtQ.fMKlt Let us new suppose the exchatigo'- ! 16 ttfrnHW flUVW Wjr; frw thw point of depressTOnTsndr;-'-to bs kuit fl,iwing in that direCiion till, it camc to be.' $10,00(1,000 in our Hvor, instead of that amount against . . us. The result would be tinder the operation of the. same law,,not (a increasw Our c'ucillntmn to $110,001),, t,Hl() only, w!ikb would Imthe' case if constat ing of spe-. cie, but lit fJt;i,tR".MHHH asking difference belween the extreme points of dnpressioa and elevation of , (HIO.OOO more than Cfinaltoono-half of Uie jisual" amount of circulation h 'supposition, with a correspond. . iiig'iilcrease ot priceH-instesd orijiiO,Ot)0,l)(Kl, eijnal only (oa fifth, snd with bnt a proportional effect on jirice. ;a cnanga, (ne t her.. y from. UJO-Mtoniet. p-iiil' of "elevation to that of evirvun depression, would cause the reverse clTect. 4 hold it certain that no hon- ' . steady profit, can be safe in the midst of such sua 'en ' - nnd viidont vieiHNtltiileia wvieii..ilnitel An if Vmn Bimiii..,!. .- - to winter, and fromswinter to summer, without the in- , Ti.ru.i'fT mil tT in rip Buritir, rttfii .-ju,, att.f ...Mun . ctianges in tn stanasre ol value must be particularly . . s fatal wjthu with our moderately accumulated caiu-t . (at, compared to the effect on the greater accumulation' - pwwdV4J mwt .uJxnisiiiiiiuoumurs swsnuotn,.wiiiioui pro. lennini; ui aneiinicy as amneo in nur counuy, simply toillastrste the principle;. The actual vibration nmv 1 ' be greater" or less "than "that supposed, hut In every cetitJT:., here,7ii; ffiriniisl be "i greater and greater, just m proportion to I the extent of its prevalence."-". . i - . -' For this disused state of your currency, tlie re is but ; one certain reimidy u return to the currency of the- Coimtiiutioii. Rjd that instrument and bear what it. , say,, t'onjcresa shsll coin money ami regulate tho. " value thereot j no Slate shall emit bills ol credit, er mske arrf -4hig IwlyoU jkA -silver. .4iaL Jmdcr.'l I lore are poaitue and negative provisiona; a grant of v , power to Congrossand a limitation on the power of . . the Ktates, in reference to the currency, Can you a dou'H that tho object was to give to Congrei the con trol of the currency 1 What else h the meaning u to . 5 regulate" ih value thereof 1 Can you doubt, Hist lha v," currency was hitondid to be specie! , What else ia tho I meaning " fo coin mnnrv ! i'n you dooht on the oth I ef llnd,tht It Was the intention Hist the States slmuM noi sii()cree uie curreney wnicn vegress wsj an- rsj sir-' tlionxed to establish 1 What else is the reesnmgof the provisions that they should not isue bills of credit, or ' make anything but gold snd silver a let'al tender 1 Can . we donli finsllf, tiist the eaiuntry is not tq the cmdi.' tioe that the Constitution intended, ss for fm cur renty ia concerned 1 Does ( '.onjrress, in point nf fief, regulate the currency 1 No. ls it supply a Com , circulation 1 x No. Do lha Kuites, in set, regulate at 1 : Yes, !s it crinist of fsiper, issued by (be authority ., of lb Rtateal -- Vw. Is this- paper,4n affect, a legal- " tender) Yes;" it, has expellwl the currency of die , k- Constitution, and we sre eoihpelled lo take it or noth- "; tng." WcUj-thenr ss the cuTTtuey in In an tineonst I " " tutionsl condition, the eooclum Is irresistible that the :" .finstit.OtiotJ s, Jkitei to, effect what if intended, a' t . tar as llje rnrrency is eonccrneTfr liut whedmr jlhaa I ; foiled by wiscoBMroctimtor tli want nf . adnqita ts prnj- -- . viSNHis, is not yet aecwee, , no mum nowever i. ew'l inaitt a tnr.wgn ine agency w oaim paper u.tt ?, powf..itrndod to be conferr.-d ! W (fna owr too currency uss neon soperseiicd. Duf fr that, tli power of Congress over the currency woiild have beeji this day in tnll fiiree, snd the rurren- ey itnl in a cwntifuijonsl rendition. Vft is it, !ew fnititiHiee? eenfTit ee" restnred, wlitto lite cause which baa snpeinnded it remains; snd this presents tlie great qnestion, how can it be removed J I do nn intend ,o diseoi it on tin oecssinn, ! shall ll Usk. is 0! of groat dulicacy and dd". f,e,1,y' Toqf"Uf mnei wilora snd caution, and in lha Mtion of which, precipitation ought to be carefully avoided but when executed, tlien, snd not till llp-n, shall we have the solid, stable, aud .uniform, currency ihtefifTeil tiftlwtSrniJOnVffttf which 1s indiietr.-- ble.net only to the full success ot our Dmnulaciur,; and all other branches of productive Industry, but ala to theafety of our free institutions. k i ; The next indispensable step to secure to tl.s iwsn-w fkelurers Uio foreign- market, is low dutm end light burdens on production! yes, as low snd light ss the wants of the Government willpermit., The lest thn bnrdenthe freer Ind broader the scope given to th products of our manufacture- the bttnr tor them Above al', avoid the renewal of (lis protMive system. U would be fatal, as far as the foreign market is con cerned. , y " "' " , ' a -1 in iiostile cfiects I have already shown from the (' blaof sxporls; and shall now, by a few brief remarks,' prove that tt must be so. Psssms; by other fessons, I ball present but one. but that one decisive, tt has been shown that the effect of the protective system is to etpnrtd the currency in tt uisnufietiiring e tiorti, until tlie infireasnrl pne of production slmlj v .-. . A 'vafluia V' WJqitlMiiir.vwi
Western Carolinian (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 20, 1840, edition 1
1
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