Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1834-12-08

gress. immediately after the elo-e of tic L,,
SION, Inc BANK, thfonsh Its President, an,a ss-
It's ability and readiness 10 abandoo t,s .'.'uaeet
unparalleled cUrtailmcn, nd the mt 9aten Of
domestic exchanges, winch II hsd nro,,;p,oh of
ron the LIST of August, 1888, to the 3ob upon
1884, and to extend rs accommoJa alto June,
community. Tine gro nlds assumed IN Ia 10 The
citation, a%nonn'el 10 an asknow!sIqmaa, "Haun'
eurtalimeni, IN Inc extent 10 which II h,l . the
RED, was not Necessary 10 the safety of ~. m cat
and had been persisted in merely TO ,,dn. oshk,
gress 10 grant the prayer of The Bank in ;s I'm
rial relative to the removal OF the deposii,, "tHo'
give II a new charter. They were sui q, 'u %
confession Thar all the real dlstresses viii ~
slddals and the country bad endured for ,ho y.
dug SIX or eight months, had been ntojl, re
duceJ by II, with The view of affecting. thro,s Wv
sufterings OF The People, the legislative e'"e
Congress. 1t is a subject Of consrafnl,, Oh
Congress nnd the country had die ,irtur and e'eas
ness 10 bear The infection tha, the enerpias UNI
people soon found relief from this wanton ouf
IN vast importations of the precious metals rra"!i>
most every part OF the world and that nj H.
of this Tremendous cfior, TO control our Cav eoss
the Bank found itself powericss, and no nns"'5l'
To loan out rs surplus means. The commun,,, p p
learned 10 manage its affairs withont :, : "Na
ancc, End trade had already found new au,Ls's
so that on the first OF October last, tho cy,,aas
nary spectacle was presented Of a National n"ui-
more than one bali of whose capital was mi D"'A'
ing unFroductiyc IN lis vaults, or in the L,rd,',
foreign bankers. -"
To the needless distrcsses brought on The co,o...
during the last session of Congr,ss. las my
al ed the open. Sc .zlIc of the DIV dends an " oel
lc stock, othe aniounI Of ene hundred and pun
! tbnuSn,fI ptI FMS m ,l,lt,r, ,.!. @Wy
paying damages, cost aud interest, upon ~ ~
tested French bill. Tins sum constituted ~
ton OF the estimated revenue for the yer ,ss,
upon which the appropriations made by Co,ass'
were based. 1t would as soon have be,n Vs. w.,
that our collectors would seize on the cos,,ns
he receivers Of our land offices on the mo,,,.
sing from the sale Of public Lads. under n,e.as
of CLAIMS rgaist the u. States, as that the ri.
would have retained The dividends. Indcrl -.
principle be established That anyone who cboos,,
10 set np II claim against the United States M.
without authority OF law, seize On the public m, mo
pcrty or money wherever he can find il. Io ns, ~.
claim, there VIII remain no assurance that onr m.
venue will reach the Treasury, or that it will h.
applied aiier the appropriation 10 the purposes de.
signated IN the law. The paymasters of our u
my. and the pursers OF our navy, may, under lk.
prelehces, apply 10 their own use moneys apnro.
Piloted to set IN motion the public force, and IN Tim,
OF war leave the country without defence Tim
measure resorteJ 10 by the b nix is dsorgonizjn,
and revolutionary, and If generally rcscrled 10 bv
private citizens in like cases, would fill The land
with anarchy and violence.
ltis a constitutional provision, that no money
shall be drawn from the Treasury but in consn.
quence OF appropriations made by law The pul.
pablo Object ptthls provision is 10 prevent the e1.
pentitufe OF the public money, for any PURPOSE
whatsoever. which shall not have been first anpro.
we'd 10y the representatives of the People ind the
States In Congress assembled. |, vests the Low.
er oil deciarltlg tor what purpose the public money
shall lie exrtmlcd, in he Legislative Dvrarim.n,
OF the Cove nmcnt,t TO the exclusion Of The Executive
and Judicial, and it is not within the constitutional
authority ct either OF those Departments, TO pay i,
away wlihou, Law, Oh TO sanction its payment. Ac.
cordlns to this plain constitutional provision. thu
claim of the Bank can never be paid wilhou, On
appropriation by act of Congress. Blu, the BsfI
has never asked for IN AZ preparation. 1t artemps
o defeat the provision of the cons tuition, and OBJ.
tam payment Without an aot Of Congress. lnsesJ
OF awaiting an appropriation passed lay both Hon.
ses, and approved by the Pfcsideni, 1t makes tn
appropriation for lisclf, ana invites an arpesl 10
the judiciary 10 sanction il. That he money had
not 'eehn,' ally been pad INTO The Treasury, does
not affect the principle intended 10 be l~sinbhsheI
by the constitution. The Executive and Judcia,
~ have as lr'lc right to appropriate and exftrd
~ i','N ,''"ey """o'' ao'ho'hy oil law oeiais
~, cl l''o ~ ''1"" - ne Aiea'u'01 Us g."
IN u '"'' 'e'suy' IN The annual rffcTs
-" - N-''0,"'y % W ''ea''tyi ana III tS CORES
'".1'e " 'me ! ''s'oeR' oil me t"'f, aad lie
l '"'' - ~ n'o'"'y genera accom- ii II! los II
80" va "'' ,a''''r eAaa! nation oil 'he cl'lnls