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Editorial June 28, 1820

The Hillsborough Recorder

Hillsboro, Orange County, North Carolina

What is this article about?

Editorial in Hillsborough responds to correspondents: cautious about publishing C.L.'s piece due to potential personal attacks without moral improvement; partially agrees with 'Amicus' that economic distress stems from Europe's peace disrupting trade, not just banks' speculation; invites essays on banking.

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OCR Quality

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Full Text

HILLSBOROUGH.
Wednesday. June 28.

TO CORRESPONDENTS.

We have received a communication from C. L. In the introductory note, in order to obviate any objection on account of the appearance of personality, it is stated that the characters of the individuals introduced into the piece could not be recognized. Our acquaintance with the subject will not permit us positively to decide; but we cannot persuade ourselves that persons so conspicuously placed, with characters so singular as the uncouth bluntness of the one, or the leading influence of the other, could be presented to the public without being known to many. Pieces calculated to improve the moral or political condition of society, either by addressing the reasonable faculties or the fine feelings of our nature, or by the sometimes more potent means of ridicule in eradicating the foibles and follies so frequently exhibited, we shall be thankful to receive; but we cannot consent to give publicity to pieces calculated to stir up the passions without mending the heart.

"Amicus" on the subject of banks is too incorrect. With him we are fully persuaded, that to the banks alone are not to be attributed the distresses so generally and so heavily felt; they grow out of causes more remote. The peace of Europe has occasioned a great revolution in the trade of the world, the effects of which fall the more heavy on us, as the prosperity of former years afforded ample means of indulging our fancies and increasing our wants. The banks, however, are not altogether guiltless. Deceived by the flattering appearance of the times, they participated in the prevailing spirit of speculation, by the facility with which they afforded the means to the enterprise of individuals. As this subject has acquired such general interest, we should like to receive some well-written essays upon it, that the matter may be placed in its true light.

What sub-type of article is it?

Economic Policy Trade Or Commerce Moral Or Religious

What keywords are associated?

Correspondents Banks Economic Distress European Peace Trade Revolution Speculation

What entities or persons were involved?

C. L. Amicus Banks

Editorial Details

Primary Topic

Editorial Responses To Correspondents On Moral Pieces And Banking Distress

Stance / Tone

Cautious And Explanatory

Key Figures

C. L. Amicus Banks

Key Arguments

Decline Pieces That Stir Passions Without Moral Improvement Economic Distress Not Solely Due To Banks But Remote Causes Like Europe's Peace Peace Revolutionized World Trade, Hitting Prosperous Nations Harder Banks Contributed By Enabling Speculation

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