Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1834-02-27
IRA. CLAY,s sprrry

IN IShfnNlhE var lfihiic rtHnfv A. .r.t.
81 the United States, being ur,
Mar, CLar observed, that the Sr,.,..
Georgia Mr.. fors.th,) lsd rec, Il.
formed The Senate, merely % e. .,..- 80 =
gainst discussion on such triiir. .-... =
those OF presenting Petitions fromis. b..
uniOldiE, their dstresses ami Intoi B
from Congress. (said Nr. c. r..,
test against fhe gentiemaB's rero...-.
and TO say. that sasll not s,a,l IN, - y y
grataitous admonitIon which be- ii.. II,
am veil aware that discu>.ion 4. ~
grateful to the ears OF presumptuou- -
when the wisdom Of its measure. !, "a.
cd, and that u prefers state ~ pefire, A
mission aud Of entire acquie,ceneo. leat
to the exclusive care OF public affair
j hope an independent senate will ne,-.
wanting to speak out boldly and e Arls,,
sentiments TO the country OF ,Ae l.,.r.
the People.
The supporters of the Adrninistra,io,
pre- sented remarkable figure IN the =.
They commenced, by aseribiaS Tie 80
distress 90 tho Bank, or rather, 10 -, Z !,
back, they began by q confident den -
existence Of any distress. The lofe.
member from Pennsylvania, tNir w.
who am sorry not To see Ia hH plac, f,
that up 10 the last Of November. ac,, 4
branch at Pitisburg had called in balf
lion Of dollars, no suffering a. felt A.
he attributed the subsequent Gi,tre..
arose IN that community 90 that call. \
should imagine that, if 1t occa,,,nss
distress, IL would have been felt d.r,~.
process of the coll. II was then NJ ~
pressure msist have been experience. Il +.
mere fact Of the eurtailmeni had boo, Ia. q.
~ cause but no, says the gentlcm1r b.
vas then felt: when IA left h., co1s:i,,,,
all were prosperous and conicftrI "
SIR, II the period Of their sulfonn-, !. :,
liked at the time Of the gentleman sen.
ton from his neighbors, Ne had better b,...
back TO them. aud let Us sec whether. s
pleasure OF again meeting them, he G,
store their prosperity and happiness.
Atlength the evidence OF deco. uil..s-.
alarming distress. IS poured UPON u. m
Z = mass, and so con, incing, that no one d,
dy enough any longer TO coniroyert tie il,
hut the friends Of The Administyation. M,
ling 10 own what the whole country feel,
Knows 20 be the true cause. the us1rn,,.,.
inc Executive, are perpetualiy taxing q,
ingenuity 10 ind out some other. Tho -,
or from pennsylvania says, that tho deb
IN ,hls senate has produced the existing ~
OF ulngs- That this debate has agitated
country, oeeasioned tho scarcity OF mo,
checsei The operations OF busiaess, and
20 inc affecting bankruptcies which have
fortunately occurred. The gentleman /,
even further he aseribes all these teri
consequences To- aspeeeh which had The
nor oil addressing TO the Senate some W..
ago. Well, sir, If one speech be comm.
10 produce such extensive scenes Of di,tr.
and tn excite panic so general, another
be able TO bring relief and tranquility. /,
hope the gentleman will hasten 10 conn
the speech, one half OF which he made :,
days ago, and by it restore TO sufTrr,n, =
Pte, the confidence, the sound currency. /,
The prosperity Of which they have been .
priSed.
From the distress which Is so rcner
ielt, the gentleman from Georyia feI,rl..
himself that the South Is VIC. exemp, ;.
The town of Augusta 10 particularly cs,, /.
prosperous; and that cotton has recent,
perienced the great advance Of n LaJf ,,nl :.
pound. IL may be true that some small =
lions OF the Union are yet unaffected. a
how long can they preserve their epyi,ble /,
empton How long can any part of =
country remain uninfiuenccA by a ,ot,l
range ent OF the currency, and a prostr.'
oil public confidence And n A ki,.d !, i,
honorable gentleman. because his nartie.
Town OF Augusta does not yet feel The
Chief, which sooner or later must sweep oil
The whole land, 60 oppose iavs.Iigai,oo M
The carses or the adoption Of obyiou, and !,
propriste remedies
Since gentlemen have been oom-rllcl -
iuetantly 10 admit the prevalence II dist.
mere - one GAUGE % It, ever ready. Ill,
tney arc constantly assigning The Bans.
nAhk, TIE Bank How really stand, lie
'etf The President, in lis famous mamie
oil september, ayowed. that ore Of the
Jeeis was To compel The Bank 10 wiad no
1hAirs' The Secretary Of the Treasu-,
peats The same purpose 10 bis report 10 d
gress' The Bank (say thew hal but Do.
more Than two years 20 run. bcfor, the ,,
rst'on OF ITS charter and il ought 10 he
~ind up that y, 60 curtail ns diyrouf'.
business. The Executive does moro b.,
measures u eoap,is the Bank TO call IN ...f
eouress' IN thi' state Of things, the Eal
''o'o INC necessity ct its position. te.i,,
'u Up Ahn rs soon as u commcrrr, O.
oI,''I1''I"' as soon ss q adopts the very r4,
= n"n 'he IIcsident and secretary dcrlfl
nave becn their object, an outcry !, -a,.r
'soin', tie Bank. Add gentlemen SEE. n h,
very elect which the Executive rnra.,,-- s.
designed 20 produce, In the fulGlmrpt n
AFow cd object, that the Bank Is ain,,... Il.
re-charlsr
W any ono Will take the trouble to L..
10 the ease, he will find that ,hc proee.,
Winding ~. on which the Pre.jden; seen,
n'hIg resolved, riu-t necessarily pro.I,.
great, extensive sid mol very temporary q,
irsss. The Bank hos out on loan Gg,,. Il,
n'lli"rs oi doiiars. " that som be called
,y u' ''h q March, $40. period of l.it
more 'inh two yesr-, the curiailmeHt r,r
= u Il we're disifibu'ed cqnsliy u.roezbo.
ne ~hgic bfne, % tic rate Ol tgn r,,ii.,.
~ month EW ~ Tie Harl has. ao,- !
haftrf hIsexpIred, tao years icnref o. 90
~ business, let ~ sopPosc tlat he curt..
nent shNll be- Performed ~ four year. lr.iea
~ two, and rq4aliy distribui a. Thn wan.
n pure upwstis 81 million per isonfl
40 ihc Country, witholi suierin-. besr = A.
4uctiou 81 two &c even orc niiiiusl Pee mobi
The i~Ttiug system - ~ connected o.
nisrw0ven togruier. that, uLcn enc r.
y -y''er'of bsnks. 81 large sDd extcn5,
'ps'ncs', eaiis m, ~ must call ~. A.
Dee opposite case, when one freely pot ou
.ii may They move together. whether
Npft' 20 ~ CONTRACTION Il accommodation,
~ tr1 70 cell d, made, for . considerable sun
'linehl ' eilcctsd. In part. 81 ieask ~ ~
olcs ~ tbs Bank, and these notes bego1s,
credit IN The p1ssfss.0n az the ooileeiin
iauA. Tor ghfri a ,osr a. f,,.uH s.....-. -.