Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1831-03-10
VOICE PENNSYLVANIA

Noltf Of ENISSf LN ANA.
Resolutions have been adopted by the House
of Representatives OF Pennsylvania--lst. al
6fming the necessity of preserving the Union
OF the states. aga,ns, all attempts TO MULTI,
impair or reduce il to a mere confederation,
yeas 81, nays sd, that the tariff laws are
constitutional, yeas ST. nays 2-3d, protesting
against the dmInution of the duty on Iron,
b to 5--and dtn, affirming the constitnrionauy
would respectfully enquire, il Pennsy yania has
not ptec'sely the same rieht to conslrue the
Constitution as South Carolina has, and il she
is not as much b >und. in the protection OF her
rights aud interests, to enforce that construc
toni If these ques,iors be answered ailrma'
tively-and they cannot be answered other
wise-upon what ground does tn. poSer which
South Carolina claims 10 nullify Jaw II the
General Government, because she thinks Il u.
constitutional, rest Tor support And is it 40,
clear that there must be some tribunal OF ulte-
rior and detnier resort 10 decide upon and SET
tle these oIashing opinions II is only nccessa-
sardity ofthe NuIIifyms doctrine. Like all
other self evident propositions, argument would
only weaken it's force.
In the course of the debate on the above.
mentioned resolutions, the following Letter
from the venerable Patriot Of Montpelier, who
doubtless looks from his reiireme nj on the dis
gushing transactions of the day with feeiiogs Of
poignant sorrow and regret, add essed TO
Charles J. Ingersoll, was read. We commend
his views 10 the attention of the people, partic-
ulary his disse ut from Gen Jackson's notable
scheme of a Treasury Bank:
" MONTPELIER, February 2, 1881.
Dear Sir II have received your letter OF
January 81, asking
!. Is there any state powerto make banks
Q. Is the federal power as has BEEN exerci.
sed, or as proposed TO be exercised by Presi-
dent Jackson, preferable?
The evil which produced the prohibitory
clause in the constitution Of the United States
was the practice Of the States in making bills
OF credit aud in some instances appraised pro
perry " n legal tender" II the notes of >tafe
banks, therefore. WIN Their chartered or unchaT-
tered, be made legal tender. they do not fall
within the prohibitory clause. The No. Of tho
" FedeIasi' referred 20 Vas wrtten with that
view OF the sutject-and this, with probably
other Contemporary expeditions, and The uoin.
teuupted practice of the states 10 creating and
permitting Banks without making their notes
legal tender, would seem 10 be bar 10 the |
question Al IL were not iDe xpe lent now 10 agi-
tate II.
A virtual and incidental enforcement of tbc
deprecated notes Of Safe Banks, by their |
crow dug out a sound medium. though great
evil wa. not i0reseen ; and II Il had been an |
pretended, il is questionable whether the con |
sliiution oil the u. >. which had so many Oh |
stacles 10 encounter, would have ventured 10 |
guard against il by an additional provision. A
virtual aud il is hoped, adequate remedy, |
may hereafter he found in the refusal Of State !
paper when debased, in any OF the teder ,
transac tons, and IN he c"1ifo, 0ftbe Federal !
Bank TINS being itsell controlled from susnen- |
ding It's specie pay men by the public suthori,
".
On the other question | readily decide a
gaInst The prof ect recommended by the PresI |
deut Reasons more than sufficient appear to |
have been presented 10 the public, IN the re- |
views aud other comments which il has called |
forth. How fac hint Tor II may have bern |
taken from Mr.. Jefferson know not Inc |
Kindred ideas OF tue letter may be seen in his |
memoirs, &c. vol 4, p. 1876, 2O7, 500, and his
view oil the Stale Banks, vol. 4, p, 1879. go.
There are sundry statutes OF Virginia prohib-
iling the circulation oil notes payable to bearer,
whether issued by individuals or uncharteIed
Banks.
these observations, little new or important as
they may be, would have BEEN promptly fur
nIshed, but Tor All indIsposiiion IN which your
letter found mt, aud winch has not yet nlirely |
lett me. | hope tuis will find you in good
health, and you have my best wishes tor its
continuance, aud the addition Of every other
blessing JAMES MADISON.
Charles J. Ingcrsoll, Esq Harrisburg, Pa"
MIR. CALHOUNS DILEMMA.