Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-06-19

GOVERNOR REYNOLDS, visited the people
of Madison county during the late session
of the court, and made an address to nu.
merous assembly. The Alton American
has the following brief notice of his re.
marks:
In his introduction he gave short view
OF the prosperity Of our state, its rapid
progress, the commercial advantages il
possessed over other states, the necessity
for action in agricultural pursuits by its
citizens, and recommended a course of in
dustry, and temperance in all things -
With much higher tone Of voice, yet by
no means boisterous, he depicted many of
the evils which were brought about by the
existence of the late state bank of Illinois,
which he foresaw on the eve of its going
into power, consequently opposed it, and
declared himself in opposition to charter
ing another state bank, if there were any
possible way Of avoiding (which he
would only sanction in self defence; yet
he did not seem quite as hostile to charter
ing bank based upon specie capital, as
he was to an institution similar 10 the ILL
nois state bank, where the faith of the
state only was pledged for the redemption
of its notes.
Governor r. next spoke of the United
States bank. His object was not to enter
into the merits or dement's of the insti,u-
ton at this time, but merely to give mis-
views upon the subject so far as the people
seemed interested to know them. He was
IN favor Of thorough examination into its
affairs, and in case an examination could
not be made, which he thought extremely
doubtful, he should be in favor of finally
winding up the operations of the bank, vet
ne would have it done with the least posi-,
BILE Inconvenience and distress to the coup-
try. He was decidedly in favor of a ma.
tional bank, upon somewhat different prin.
cIPIes from the present United States bank,
and therefore was of the opinion that il
ought TO be re-chartered for short period
until another national bank could be put
into operation to supply the place of the
present, that the currency of the country
may not be Withdrawn too suddenly. He
was IN favor of bank to be under the di.
yection and control OF congress, branches
to be placed in the different states wherever
their legislatures should request one, the
stocks to be apportioned to the states &C.
eording to their population, they becoming
the purchasers, and all stock TO be taxed
the same as other property. In order to
avail the country with specie currency and
United States paper also, he thought that
no notes of a less denomination than 20
dollars should be issued; he thought i,
would, 10 some measure, prevent counter
feiting, ard he saw no evil that could arise
from the adoption of the measure. He
was clearly Of the opinion that we could
not dispense with paper currency. and
that national bank of some descrintion
was necessary, and he thought from any
view that could be taken of the subject
highly expedient.
3 Governor Reynolds then noticed tho sub
Yet Of the public lands; but We shall no,
ettemPt to follow him through his remarks
20 in's matter, as we gave his views in de-
tah IN former number Of the American
enc It would only be a repetition of the
same thing to give them in this place. We
WIN remark, however, that we could no,
agree with HIM, nor indeed have we been
able to discover that any one else enter
tanned similar opinions with our own on
the the subject of the public lands
Governor R. made few remarks in re-.
lasion TO the West Point academy. Tina,