Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-04-24

,e;ous. and in A word, is fast sarping the|
foundations Of public prosperity. :.
This grand jury disclalms' III maKlhs
these nresentments, any improper IL
iauence, of local or selfish views aht
.lfee!ines-It has no other wish tiaf'
l.o see Virginia, what she ought to De;
IhaEs,y, Rourishing and great.
i'' HENRY S TURNER, Il
/ Foreman.
| From the Winchester Gazette, .4pr't 10
Il seems to be a prevailing oplnion,
:. that in consequence Of the distress. oe,
casioned by some Of the unwise ana
high handed measures Of the late ieP's.
)afure. among all classes of persons, oa'
more particularly among the meFoantlis
class of tie community. in relation -
:. the circulating medium, the executive oi
tie state VIII probably soon mad II III,
digpensah!e to exercise his CONSTITUTIONS
ipreroeative. and at an early day call an
extra session OF the Legislature, tor the
nu,nose of retracing their steps.
HE & act tc explaio AID amend an
sct to give relief to the people OF this
common wealth ia certain c ses," con-
ta;ns a provision which makes it the du-
1ty oFthe county and Corporation courts,
within the commonwealth, montniy, to
establish scale # depreciation d the
bank paper current within each colhty !;
llnakipg the paper ofthe bank Of Nlr5i-
! MIA the standard) was well calculated TO
inroduce the NEST pefnicious effects FOR
instance. in this and the adjacent coun-
ties the courts (very properly fixed the
value OF all chartered bank paper at
IN Fredericksburg the same paper
that IS h.re received al par, (ylz the dis-
, trict paper is fixed at SIX per cent. BE-
low par of Virginia paper, whilst the
court of Spottsylyania, III winch re
dericksburg is situated, have liked 1t at
mar: and the Richmond Hastings court
at twelve per cent. below par. And to
crown all, the Hastings court OF staun-
ton have declared the law nnconstltu-
tional. and therefore ought Lot to pc
obeved BY the bye, it cannot be doubt
cd + at this a. tie stand which all the
comets should have taken; as 1t would
he difficult for any gentleman. VINO Vot-
ed for the law. 10 shew that the leg STA
ture themselves POSSESSED the p" er,
much less could tbeJ transfer 1t TO the
courts # fixing tie value OF the cUrren
cy Of the country. II would be nnneces-
,sry Tor to expose the evil WHICH
, must result f'cm tbs a'e OF tAihss II
the, are permitted much ionge' TO exist !:
ithey must cone home 10 Inc understand
linps Il all. The situation Of the people
IN The ccun les where the odlous dl.tnc-
Il, n has hepn made III the value Oi tie
bark currency, is represented by persons
who have but lately arrived here TON
some Of them. and BY letters vnich We
have heard read, t.o!h iuchnhn, a.
3 trul. distressing. -Four, Tor stance IS
SeIlirr ir Richmond at dollars, anu to
tacc5 has also allen from iii : to e!gh ,
per &c t.
I Every thing like confidence betulAi
man and man has vanished No Sal,
ION time are made bul when GOODS are
bought, they must be pad tor before they
'iare remo, ed Seyersl failures Lave takeit
place at Norfolk, and enc le" DAYS
I 90 at Richmond bans stock, OF the oid
blanks, at par, &c But Il csc things are
, perhaps not all to be attributed to IL.
.lcause we have mentioned. The ia" COM
,IpelIinp the banks to resume specle Pay
'Iments. by tie 18th November, also has
Its pernicious effects. HE banks III con
equence Of 1t, are requlit g heavy cur
'ltailments /; It The rate which they nov
irequire 10 be paid, it is sta,ed to Us that
sby the 18th November, lie ,urtalimeats
Twill equal 20 pc, cent OF Ire principal
i Nothing but Virginia chartered paper Is
received, and that is not to be obtained.
unless by making such sacrifices AS lev
lean stand the effects OF. Many more
failures are looked for indeed 1t has
loeen stated to US, and we have implicit
confidence in the authority, that if some
HING is not done to reIieye the people, a
General Protest Of all the notes due at
the Richmond Banks, must inevitably be
1.-THE consequence and to add to the list
lof evils nothing but Virginia paper will
Ioe received by the sherifls III payment Of
TAXES Where is it to come from Do
1--we find five dollars of that paper in cir
Icuation in month How can the peo-
pie then furnish such paper9 These are
Imatters which ren,,ire instant attention