Litchfield enquirer., 1834-05-15

dividuals and TO the cOaREy; ruddpn and unexpsce-
ed blow has been given 10 our prosperity, which he's
parn'I.ed esevy eNeraoH, and produced unveFsalaad
derauged currency dsranges every institutions IN.
the co1Hry, connected With property aud productive
labor stIe power and duty Of ConereSs 90 reewlaIe
The currency Of The conntry under The provisions of
the Constitution, has never been questioned; add yes
the power incorporate Bank, 10 effect this object,
isdoabed by some decisions.
vision OF the COHsirans which gveslo Congress the
power /" to make al laws necessary and proper for
carrying into effect The powers specaily deiegacd,"
authorizes she incorporation of laakv ~ accessory
and proper regulate the currency, s not for ue 10
decide; its present deranged condition viii proba6ly
hasten deeisiom OF IhIs question by the competent
authority. IL this power not ~ Congress- where q
IL? TIE Constitution expressly torbds the States TO
cOiH money on eRit bis Of csed and notwithstanding
this prohibition the States hays Incorporated hanks, 70
alarming exleIi-aHd the good sense fthe people
must decide whether hank ofSlhe UNiIcd States Is
not Indispensable, fiscal agent for the government
well as Cor their interest, 10 guard against the
evils Of an une0uWd paper currency. ut
The incorporation Of The present haMk, under thH
peculiar circumstances ofthe country at tina. peFiOd4
sanctioned aud approved by those who had before
dnubred tn cOnsitalionali,y; was believed TO have
sec,i the question Unconstitutional pow er, aud eslah
shed the permanent policy OE tile system; by cOMmOn
consent. The commerce aud manufactures at this
conHy have been regulated. and accommodated 70 e
tho deep and general distress and sleaarurt0n eG
CONFIDENCE, 10 the Natural aud neeessaEy rest Of de
reckless attempt TO change this poley, by tke semo
dence ia ice utility and sotyenry, aud ensiTe Rsiess
structpn, an inracnlallr uss the coultSy. THIS
assumption Of power in this ar, Ofie Exec0tse, ith
cat the consent, or action OF C0Mgress. presents ~
grave question for The ccision al the people, by ,lss
talhiul exerciseofthe right Of sitfrage.
The idea, that commercial c""'ttvy ofstich VAST
extent aud great resources Ottr own, should
re,urn 10 a. melahc currency after the long an ex-,
lensve use Of paper currency, 10 too absurd and;
prepos!erous 70 require rsiu,ao" The necessity Of
transmitting the Of money, reqniredia our
ordinary trNEsactiOns, thF0ug
eve anu noufsn,Hs cuuutsy, 1"u tue coHeetsen a"t
disbursement OF tue revenue 10 ine whole extent 81
tue un'on, musi showtne auer 'mW"cUe0O,usy otsnch
visionary project. s7%
a SOUND paper currency, tounued on the precious
metals NJ a'ss and always redeemHblc ia speee on
demands t'med IN We circulation TO the wnn's otihe
community, will DO found most convenient, and wih
regulate ITSELF The great error, and da"ge' a. oar
0ankit. system, has arisen IRON the 'ssue OF SMALL
notes u the banks ~ the several states had hecn re-
sircted TO the issue OF notes Of denomination above
ten or even fise dollars, the banking system would
nave oeen conn"ed amos' exclusively g 'ls legitimate
anu pper 0'yecl TIE c0mMevrlat aud financial Mter-
esis ot the country the precious metals would have
formed the general cnrrancy OF the country in the
d"sry pursuits Of Vie, aud secured The paper curreN-
cy ITum the euttteM ANA destructive fluctuations which
have been too often Experienced. atBsg%s =
Due 0iihe greasesi evils arising Srnm this attack ups
on me BANK, and the 'hrensened dcsWuc'oO Of the
rnfe eyscM w.lt probably We, the Incorporating Ot
Numerous State banks, with large nominal capitals
ostensbiy 20 supply the amnHH, 70 he witildsawnby
we Y. Bank, and take the place Of the notes ofshe
redemption the number already Incorporated since.
the removal of the deposites, and the openly avowe
hostility 10 the Bank, are truly alarming. sound
and uniform currency 70 not To he established 10y n-
crcnsng the number or capitals Oi the State BRHkN.
have considered u my duty 10 give 10 aMr cOpstit
uen,s these general views The coad.ien ofonr eann-
Try, on rossgnng TIE important and highly responsible
trust and station from which ths late eifctOn has CALI
Ell nae 10 the Chief Maglssracy ol my native Satese
Among the causes which haye protlnced ii our 6wD
state, aiihouan smell - territory. par'!cn otton-
"a VATnhM mn IAN