Winchester gazette. [volume] (Winchester, Va.) 18??-1826, 1821-07-14

Inc hehtueky papers paiheiica!.y
deP!ose the deprecated anu dcprecia.
ting condition nj thsir paper currency
(FaciIs desceasus .arerai !j-About a
third only of the paper proposed to be
issued by the New Haus. has been
thrown ibtO CIRCULATION, and il has al
read! suhk 10 10 per cent, or more -
81 has become an article OF merehan-
aize, whose value is continually de-
crea,ins. 1t has carried down win !,
the paper Of the kentucky BauN,
though IL Is but partially resolved by
the latter InstIiGtiOD, in payment u:
discounts, &c. The depreciation ia
not confined to one particular district
of the state, hat spreads ell over it,
The experiment OF this m0nstrous
Mammoth seems indeed to have com
p!eteiy failed oi its purpose. I he ua-
haphy people, like the children of IL
raei in the wilderness, are furnished,
and crying out foe relief but there is
40 Kind Providence 70 send them msn-
Ia from Heaven, In several OF the
counties, the debtors have assembled
and passed resolutions to eoDdemn the
tardy operations of the Directory OF
the new Bank, and TO invoke tbs gov.
ernor to convene the Legislature for
the purpose OF deyising son.s means
to save the property OF their cons!ii-
Gents from destruction. The pecuni-
AIRY embarrasmepts If Kentucky anu
Tennessee are indeed peculiarly distress
siaS. They are Ike meu i'll a high fe.
Yer, who cry out far water, when Tie
whole ocean would not relieve them.--
Four one flood of paper after another.
and it would only bring them usareI
and nearer to disastrous parable.
with the Revolutionary eurreuc,
when II thousand dollars in paper
would scarcely purchase breakfast.
ihere must be stopping place some.
where why not pause at once ?-I is
conjeetured that the Federal Court
will ere long be called in TO hurl lis
bolts at their bank paper, -In Tenees-
see, the CONSTITUTIONAL y Of the law
requiring endorsements Oh execu-
lions" 10 about to be called in uues
ton. A motion was made on the 1 9Th
al before the u. >. Circaii Court a,
Nashville the object of which was
av"wsd 10 be to effect collection of
The debt in specie--bai il was finally
agreed, that " executions should take
the usual course, that ia, issue or the
'ucation Of the parties after the end
'he term" and that it would be best
not 10 act on the eonstitnliouaiity OF
The law until it was properly brought
before the court. II Appeared from
what did fall from the bsOeh, that the
Court would probably be divided on
the questionable appears, that at a
prior date--ibis law providing that
40 execution shall issue without an
endorsement that the plaintiff agrees
70 receive current bank bills in salts
ttact'oU Of the debt,") came before the
oaWeme Court OF tie siate-Judges
1Aywsod and EmmersuD pronounced
sue law TO be unconstitutional VIZ.
Against the G.. ". s. which fosbiJs
we states 10 issue bills Of credit or
make any thing bat coin legal tender
Sc' Judge White bad not formed
an opinion on the point, bat minated
vas Probability Of his conebrriDg with
HIS orethren.-K Rich. Eng.
ne Legislature of Missouri conve-
ned at 81. Charles or the fifth ult.-
MI a. ). Geyer was elected Speaker
Of The House Of Representatives
MIR. i. t.ucfss CiotL Ce,~,.,.r