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See how the papers treat them! What an array of pleasant kaleidoscopic phrases, which can be arranged in ever so many charming patterns, is at their service! How kind the "Critical Notices" where small authorship comes to pick up chips of praise, fragrant, sugary, and sappy always are to them! Well, life would be nothing without paper-credit and other fictions; so let them pass current.
Therefore this superabundance of paper-credit, on whose foundation the deluded province built its visionary fabric of great wealth, was not only useless, but prejudicial with respect to the community.
See how the papers treat them! What an array of pleasant kaleidoscopic phrases, which can be arranged in ever so many charming patterns, is at their service! How kind the "Critical Notices" where small authorship comes to pick up chips of praise, fragrant, sugary, and sappy always are to them! Well, life would be nothing without paper-credit and other fictions; so let them pass current.
To a growing colony, such as Carolina, paper-credit, under certain limitations, was useful in several respects; especially as the gold and silver always left the country, when it answered the purpose of the merchant for remittance better than produce. This credit served to procure the planter strength of hands to clear and cultivate his fields, from which the real wealth of the province arose.
I have several times made remarks on the paper-currency of the province, which the planters were always for increasing, and the merchants and money lenders for sinking. The exchange of London, like a commercial thermometer, served to measure the rise or fall of paper-credit in Carolina; and the price of bills of exchange commonly ascertained the value of their current money.
See how the papers treat them! What an array of pleasant kaleidoscopic phrases, that can be arranged in ever so many charming patterns, is at their service! How kind the "Critical Notices" where small authorship comes to pick up chips of praise, fragrant, sugary, and sappy always are to them! Well, life would be nothing without paper-credit and other fictions; so let them pass current.
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