Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1834-01-09

Dy tne power WnlCn Dc IotdluS w us
charge it at pleasure from the service
OF the Government, the stability ofthe
Institution, the rights Of the Stockhold-
ers, and the interests Of the State, are
subjected to the caprice of an individu.
al holding Office under another Co
vernment, and who is in no wise re-
sponsible to the power Of this Common
wealth.
3. That while this Committee dis
claims the expression or intimation of
any opinion in reference to the consti-
tuiionality ofthe existing Bank Of the
u States, il nevertheless conceives
that the power Of the Secretary of the
Treasury to establish and supply ma
tional currency through the agency Of
the state Banks, or otherwise, is not
sanctioned by the federal constitution,
and if such attempt be persevered in,
much Of harm may follow to the good
people Of this Commonwealth, as well
as to its other banking establishments
already in existence; by giving to the
favored bank an undue ascendency,
over the circulating medium Of the
country. visiting it with the evils of a
vicious and spurious currency, in
which the speculator, the broker, and
the politician, may prosper, at the ex-
.pense and hazard ofthe farmer, the la
borer, the mechanic, and the merchant.
4. That the recent removal Of the
Federal Deposites from the Bank of
the u. States and its branches, at the
instance, and upon the responsibility Of
the President Of the United States,
ought to be, and is regarded, as an "a
farming usurpation OF power, and a
breach ofthe public faith, most serious.
ly felt in the distress which its sudden
and unexpected operation innicts upon
the community, and which, if submitted
TO, converts our free system, founded
and secured TO US by government of
Law, into one guided, controlled, and
acting by WILL.
5. And regarding the assent Of Vir-
ginia TO the said agreement as giving
countcnance to this act or unwarranta-
bic power in the Federal Executive,
the Common wealth owes it to itself and
to the Constitution, to employ promptly
all proper means TO revoke and annul
the same, 10 the end that this portion
of the public treasure may hereafter
be lodged in the places where by law
IL ought to be deposited, and that it may
be again subject to the constitutional
control of Congress.
6. Resolved, that the Treasurer Of
this Commonwealth be instructed to
use all the influence Of his situation, to
procure RECESSION of the contract be.
tween the Bank of Virginia and its of
fee at Norfolk, and the Secretary of
the Treasury of the U. States.
The bill making further provision
for taking dispositions in certain cases,
gave rise to an animated discussion, in
which ii was supported by Messrs. Viii
son of Bottetourt and Gregory. The
bill was passed, SO to SO.
The bill to incorporate the Augusta
Springs Company likewise produced
warm discussion. Mr.. Sims opposing
and Mr.. Niche supporting it. The
bill was passed, ayes At, noes 46.
Mr. Rutherford presented the petit
ton ofP. J. Chevaille and others, pray
ing to be incorporated as the Richmond
Flour Manufacturing Company.
WEDNESDAY, Jan'y. l.
Reports were made from the Com
mittee of Courts of Justice, by Mr..
Southall-and from that Of Roads by
Mr.. Mcdowell.
On motion of Mr.. Faulkner, the
Committee of Roads were instructed to
enquire into the expediency ofincorpo-
rating JOINT Stock Company, with
capital not exceeding $25, 700, to con.
struct Turnpike Road from Martins.
burg to Shephcrdstown in the county
of Jefferson, or to some other point on
the Potomac river.
ReSoired, That should the Company
so incorporated, select to construct
road between Martinsburg and Shep-
herdstown, that the said Committee be
further instructed to enquire into the
expediency Of inserting provision in
the Charter, allowing stone bridge
recently constructed at the expense of
the county of Berkeley over the Ope.
quon, to be taken and received as part
of the sths of individual subscription,
prerequisite to subscription of sths
by the State, and that Commissioners
be appointed to ascertain on oath, its
value to the Company.
EdretceU 10 SiennI- CANAAN Ericsson