Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1834-03-13

's,; NJ; u ever there ~-r~ too r~r'o.i, II ssss
" ut history 81 os'r goserpn~us. 30, vL,rh -
public mc~sorrs we're les. ibfneDe. a n, n~-,s-
rrt Than u sny others, thu, arr ,,r-e,sl, 49,,
al which the old hank and ih.. rs;s,,.r lt,,'l -.
esst'.hsd, In 1921. parties. ~ IN, s6.rv.ri.
'",i' ,'aa n" er,ssrncc. and in isi6. they mad,
truce between themssisr., after the s.r ,,,ls
,hr eosaino" enemy over
~ h"y TACT ~ss ever demonssras,-d Nv .x,.-vs-
e"oe. u o., th.s b.ak is agent .~c.s.,y, -,
PT !" e".osc NE co,ernns-", &c thu a. St.s. o
70 CITY into execution its cxprcssly gr.ss, 4 NV,
crr and that Bank, as u n.e..s. n.s n.,..-, -,
Intion To the ebd which the yo,,r,,rn.,,, r,.,
'uhy attain This has been conceded by ~r-x
administration since the sdcp,ior e the C.a.,>
ouion, and by morv full, add .o,,,h.,,..It,,
Than the prescott The Prcssdent Ls. ..o.-d ~,
hostility not only To the B~ak &C ,h- United s..,r.
nut 10 the Whole ystrm of baking vet "a d.,
very instant of ing the dr,.o>i,-, from the
vaults OF The United Ststes Bank Ia. as .o<,,~lI
ed, by the force of eirrum..nec. tho ,m,,-r,o.,.
To be controlled. 20 siect otirr H.nk. ., 6.c.i e.
Ee"ts OF the Treasury, and thus tAeiily 10 admit
mat the govrrnn'e't which Le sides !, d.
Ienoes' Tor t''. exercise 81 Its H. s,nste yo~ers-
upon sSebfs which % cannot ec.trol, and Whoa,
services u cannot command NJ he eouId go.
msnd their services, and eoutrol them NJ viii. -
system NOR fatal Co the s.fTerdDru Of fhe n-,ss
and the ""sras Of The heetL' - eouId searcsIy be,
o"see"ed' unless indecd q b. the notable and
economical scheme NJ National Bank. found
ell upon the credit of the Covernment add its r.
sDurccs, the exPsnscs % which, we're 90 be raid
BY the profits arising from the purehasr OF b,Iis
OF Exsh.nge; or. w other words, by converting
ss officers into stoek -jobLers and Sha,era NJ,
have seen .,rvsdy, sir, hou thi. new ,,,s,m 4, r.,
opef.te, sod Whist expected the hands of thoz,
no have been made the rccipiepss OF die propl,sv
money IN defiance Of the psopie'sksa The Sc
srusry OF u'c Treasury told the Prrsidsnt of tho
Bank OF Virginia, that the drposies would enable,
uscfn to Afford iner,sSed faeliti.. 60 tn. eommrr
cal and other classes of The community and th,,
aefarfr1e'r anticipated fror nl~rn the .doption OF
saeh /. course respecting their accommodations
n .oui" prove acceptable On the People nad au.f,
70 the government. This eonin,and u the Press
dent's suhaltcrn, for such ~ va, designed to h.
vas treated by the stockhodcrx &C that
~ ti'e mode q richly mcritr aud roaties them 20
use .h,nks OF the ~hole community. They an
.~er~d hirn promptly, that they eoatd uos permit
'h' Interference Of the officers Of the Governments
~ uc onitci States ga <oy manner whatever IN
use administrator &c its affairs have NOD heart
W s''y such reply IRON the other banks xi,irfp
ere selected Is dcpo>it1ries &C the. ps,fiie u,.
ney; and IL they received the ..mr orxl,r, a.
have patiently taken the insult add the mooey-
Du'n m,s scheme we're free from political md
moral OBJECTIONS, would sill fail n 10 tmnr,o-
ueAo'e' We have more tirAa Thousand miles
OF ses-coaS, studded uith eities anal towaa, Which
are made by la~ ports u entry. and IN Which ds-.
hes on i.npottaiioas arc paid These dufies b.
law are made, aud must Dc made cqss In N uls-
e-s si'd yet u is ootorsoaA thsa IN casa Of sse,o
" esues ahn towns. the valoe of &c
local Circulating medtm 10 darr-sss from its Va,
ne IN All the other. This scheme of reiyiax on
The State Bsnks has beea tried before. and tie
result VAS total loss 20 the people by rrasoa sR
irsud ami insoiScocy, q mliioa four hu.HPeA
thousand dollars II is liable TO this further g.
lection. Ihcse Banks. IL they receive the bosn.
y, Arr IN Errst degree n the nerey Of de S.-
eTttafy 81 the Treasury and his agreement Go rc.
ceite their notes ga payment Of dues the Uni
ted Sta,es, will subj.ct them 70 his will aIooe.-
The Bank Of the United Stair, on the contrary
owes ns exiSicDce 20 tis- III of the hole peoD%
expressed through the rrIve sents,ives in ConKrr.s
AID whose existence only te co,sinued by th.,
same power. In the case Of The htser. favor Is to
BE- received by faithful discharge of duty. !. the
former by sobservicDey 60 the Treasury Depsrss
ment.
The expectancy of NATIONAL BANK. uesIes-
proper limitations and restrieiioas 10 conceded
BY large portion Ut ti,osc who osbt lie eoassi-
tutio"Ahiy, and the conviction &c lis necessity il
10 strong 10 Induce them 20 ayow their willing
ness To eoaicr the power on Coogrcss by An amend
Hent OF the Constitution, Whikc We contend tArA
'he concession OF degree Of necessity 20 strong
rs To Induce an ancrsin',ut 10 the Consultation -
IA this particular admission that tic pow-
or all rssdy exists
hese revolutions present two qaessionS Tbs
hrNs -, shalt the III Of the Prrsdeut Of the Uai
ted States prevail, and shall ours CEASE 20 Le q
govern ueut Of laws n the peopir dIeesd. On
The AthrmaiiVc, all Is lost TIE s-coad qu.-stiou
-, Shall The Bank Of the United States be Do
uoyen' The latter - of but little importaney
compared With the former, hut. brIieviaR as 4
no. That the adoption OG ti,e last resola,ioa vl1
embarrA-a the seton Of the uoas- ~ the mem
Der from berkeley pei sisis In his Iantion for in
uehn'tc PostPo"emebt, ! shall vote Zoe q 9TH n
,t~ "t presenting The questions s-psrssciy -
Tue eo"''der"'i0" Of the Gener-l AsserDbly.