Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1834-12-11

this fathlsss corpor alton.
The high handed career Of shi. institution
imposes upon the constitutional func ton |. r,,,
Of this Government, du,ies OF the xra,..t
and most imperative eharscter-duties vhlcb
they cannot avoid, and from which I tr,,,,
mse ~ia DO no ineiinatico on the part Of
any Of them 70 shrink. Ny own sense Of
them 10 most clear, ~ b also INV r,sdin...
To discharge those which May r,shtfulIy fall
on me. To cootinoe any business relations
with the Bank Of the United States that NAV
DC avoided Without . violation Of the nation.
NJ iaith, after that institution In, set n on.,
defiance the conceded right Of the Govern.
ment To examine its affairs after n ha. a,n.
All IN its power 10 deride the public author,.
~ IN other respects, and to bring Il into dis
rePote al hone and abroad AFTER il IN, Al.
tempted 10 defeat the clearly expressed will
OF tue People, By turning against them the
Immense power intrusted 10 its hands. and
oy involving . country otherwise peaceful.
hourishing and happy, in dis.su.ioo' emb,,'
easement, and distress-would make the NJ. .
non itself . party 10 the degrsdation 40 A..
cuioa'iy prepared for its public sgen,.-a and
90 nuen 10 destroy the confidence Of man
Aioo 10 Popular Governments. and To bf,nr
'n,o eontemPt their suthority aud sf;eienc,
IN guarding against On evil OF such mani
'aoe' considerations Of Temporary eoo,..
o'ooee snoo'd be thrown out Of the Question
ana We should DO inhaeneed by such motive,
Only - look to the honor and preservation of
me republican system. Deeply and so. snnI,
impressed with the justice Of these views,
feel il to b my duty TO recommend 10 ,o,,
mat Law be passed authorizing the sal. Of
me public stock that the provision Of the
sna,'er requiring the receipt Of notes Of the
oAnk IN payment OF public dues, shall. in
aecoruancs with the power reserved 10 Con.
eress 'ne 18th section OF the charter. h.
suspended until the Bank pays TO the Tr,,.u.
~ the dividends withheld; and that ali a..
connecting the Government or its oficer,
win me Bank, directly or indirectly, be re-
pes.eo, ana mat the Institution be left heresf.
Ter 10 It's own resources and means.
Evcn's have .aiis6ed my mind, and I think
The minds Of the American Peopls ,h., ~.
miseh'efs and dangers which fiow from , NJ
honai Bank, far oVerbalance all n, ad,,o,,.
ses, The bold effort the present Rant Ia.
mace 10 control the Government. the d;.,r...
ses mas Wantonly produced, the yioIene. M
"h,eh u mas been the occasion in one Of our
e"ies famed Tor ts observance of Law and
oeder are but Premonitions Of the fate vh,eh
sSans The American People, should they be
oeIuoed INTO . perpetuation Of this in,titu-
non' or the establishment OF another like n
iervently hoped, that, thus admoni.bed.
NOSE who have heretofore favored the e,'
-. OF q substitute for the present
nsnk, val be induced to abandon IL, as Il /,
:, oeouy better to incur any inconvenience
that may be reasonably expected ,h,n A.
concentrate The whole money ed power Of The
RePuol.c IN any form Whatsoever, or under
any restrictions.
HapPhy, u Il already illustrated that tho
ssency OF such m institution 10 not nece,,ary
70 une nseal operations Of the Government.
ne state Banks are found fully adequate 10
me performance Of ell services which were
required Of the Bank OF the United S,.ta,
quite a. promptly, and with the SANE chea,'
ness Ihey have maintained themselves. and
discharged ell these duties, while the Rant
~ ne United Siates was still powerful, aud
- sne ne'o a. On open enemy; and IL 10 not
Po'.,ose 20 conceive that they will end great.
or dithculties 10 their operstioas. No. ,h",
enemy shall eesse 10 exist.
The attention Of Cooxres. 1, earn..,,, ;o-
sneo 70 The regulation Of the deposites 10 The
oAte banks, By Law. Although the pover
oou exercised BY the Excessive Department
70 'nh behalf 10 only such as was uaiformIv
SAerted Throughout every Administrator from
ne origin OF The government I'D 70 the estah
''.nment OF the present Bank, yet Il il one
~n.ch 70 susceptible % regulation by Isv
1no' therefore, ought TO DO 90 regulated.
No power Of Congress To direct in what ola. |
- me treasurer shall keep the none " IN !
ne treasury, and TO i@poSo restrictions 1non |
Se E.eeuhVe authority. In relation 10 their |
uno removal, b unlimited, and It's ex-
''eise VIII rather be couFted than di.eourA1ed |
~ those public officers and agent, on whom !
e'o the responsibility for their safety. 4,
desirable that aS little power az possible |
mould De lefs 10 the President or Secretary
- we treasury over thoae inatitutiona- |
shieh. being thus freed from Executive IN. |
ioenes, and without Q common head In a. |
Get their operations. would have neither the |
'empeat,on DOR the ability TO interfere IN the
poI''eal eonhicts Of the country. Not de- |
T"'og their charters from the national au- |
,nor'ties, they would never have those in |
70 NEEDLE IN general elections, |
= HIen nave Ied the Bank Of tho United States
wards Of two years.
The progress Of our Gold Coinage il Grad.
'ao'e 10 the officers Of the Stint, and promi,-
y "a short period 70 furnish the country /
Snn sound snd portable Currency. vhieI |
Hili much diminish the incoovenisnsr Io ,r.-
'ehers o. the want Of . general oap<r eur.
'eoey, should the State Backs be inean.bls Of
furnishing u. Those iostitutioos has aIr...
" shown themselves competent 70 oureh.s. |
and furnish domestic sxehanRs for ths co.,
'ehenee o. trade, 81 reasonable Fataa ana
BOT doubt h eBtsrtsined that. an q sbort
period, all The wants Of the country in bsnk |
.seo@@ods''oos snd exchange, will Be suo- |
p'lea e promptly SOd ehesply - thsy have
heretofore been BY the Bank Of the Uaitsd
''atss 1.-THE seVerAl states she'll be loduerd 1
gradually 70 reform their banking s,,Ism.
no prohibit the tssus Of ell snail notes ,,s
nal, N few ysars, have q eurrens, =.
QUAD, sad ~ little liable to auetustiop, :. |
'nZ osher commercial country.
ne Report Of the Secretary Of War 10
.e'esT with Tie accompanying docunsst, |
ron ',. the several buTeaux Of that Departoeot \
-ni eHhIoh tbs sitaaiioo Of the vsrious or |
Ieen committed 10 lie standardization.
NO evens has ooourFsd siacs YOUR last 49, \
zoo rendering neesssaFy any novsmeo,. 81
ne Army' with ihs exception Of %. eTn.S,. 1
200 OF The regiment o. drsgoone into ~ 49,
'iofy o. The wandering and prsdsto,v 49,.
nhsoisiog NE western fFont,es and I,vis, ~.
'eat 70 The Mexican boundary. TkssS 49,,
ave heen hsFetofoFs knovn 10 us Dfioein,li.
y Their attacks upon cor own s,1issns -
'pon other lpdisns sRtitIsd 70 the pgo1srt,oo
y the Y. 8. u became nsoessasy Tor tbs 4
'eaes 81 TIE frOnlisrs 70 check these hsb,,,.l
a