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" orst, and you are forced to r: silver by the sacrifice, maybe, operty, we much mistake your e spirit it these monied monopolie made to redeem their liabilitie extent of their means. If : to be submitted to, let at co the assets of those Banks as ! The cotton crop of the South i as a protection to her ag stean and if the Banks all suppose planters are to be p a depreciated paper currency ; eciated to some extent, it must taking the most favorable view cannot give a better illustratio does the following extract opposed to general suspens Charleston News, and with thi will close our remarks for the "Consider the effects of suspens is, an instantaneous and univ eciation of Southern currency and Southern credits. If the be ten per cent, it is a deac deducted from the value of the the South. A man buys coit planter, and ships it to Eng his Sterling Bill upon it, S of the suspended banks. receive eciated paper money which he pa) The Cotton when it reach IS as good as gold, but the which the planter has exchang per cent below gold. This is and the planter with a veng it again. The sterling bills dra suspended quarter, being mere I partake of the depreciation credit of that section. H price which the buyer of the for them. must be made up to pressing to that extent the price of The Banks, to enable thems will make every effort I profits on the safest investme erefore every effort to depress to Bills. And they also know 1 they can keep them, the mor promptly will specie flow he trope to speculate in them-of will hoard as much ns they et their depreciated paper money the office of currency." S.-We learn by Monday's suspensions in this State anters and Mechanics Bank and and Exchange Bank of Charles Exchange Bank of Columbia. in reference to the Planters irfield, is confirmed. We sho ntioned that the Bank of H spended at an early period of la Banks in Charleston-the arleston, the State Bank and th stood firm up to Saturday las embers of the Legislature from held a meeting to consider the and though it seems that it of them, they refused to receipt Banks to suspend. They acte representatives of the people, the consistently advocate a measur benefit a few at the expense For the failures and suspensions we refer to the telegraphic thered from our exchanges, w blish in another column. The No it will be seen, have all gon and at last, though they stood no forced to it ;an example, we thin Banks would have done well lowed, and perhaps the end w not have been reached.
