Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1836-12-12

III, .r,c;ou, metals. These, from the.r lunar
,,'.r,i,.. which rendered them the standard oi
Win IN all Of ur .aun,tirs, were adopted III tilS,
a. well ~ establish It's commercial standard ~
reference u foreign countries by permanent
nile. 4, 10 exclude the asst oil d muIable medium Oh
exchange. such i, of certain agricultural eShmod-
ui,, recognised b. the statutes oil some ts'its 10
a tender for debts, or the sl more pefn'tio"s en-
pc1ient OF paper currency ne l"st, 'o'' nc
eNperrnfe al tie evils ii tie issues Of paper "u'5
Tia. Rev untau, lad heeonle 50 Ihsllt oa"oN'o"s'
as not OIL Ia Suggest the tiAa'e III inc c7''i'"-
ton iolhalng Tie ce5lssloh oi bills 81 ''t"'' -
the Stdt, but asno produce that soie III Tie cor
xcnI0a winch negatNed TIE proposition to gi"h'
power 10 Congress Ia charter cofP"idions =" pro-
position Vel understood 1T the tlne ~ nith1ea u
auilnrih the establishment oI national ba"h,
wlfca WIS u Issue IA currency OF bank nnIts, on "a
eapitl to lc created, 10 SOME extent, o"' oi w.
scrnmcni sioth>. Ai'toag THIS proposition was
refused by direct vote OF TIE 1"h'touoi, ,'''
object WIS afterwards II 'iiecI obtained " lis L.
gem ms advocates, Ilroas1a strained construction
OF tie Constitution. Inc Iehts OF me f''Fo'".ioi
were funded, al prices aineh formed no .qni'a'eh'
compared with the nominal amount OF 'L' S'"'~'
and under circumstances winch exposed ne mo-
lives nj some o t ose who participated IN ne ia
sage OF the actto dlstrast.
The incts, that the value oil the stock was
greatly enhanced by the creation OF the bhiih
! that II was well understood that such would De
| the case, and that some OF the advocates ri Inc
measure were largely bcnchtted by 1t, belong 10
the history Of the tunes, and are we'll calculated
10 diminish the respect winch might otherwise
have been due to the action of Congress winch
created the stltuliun.
On the establishment of IL national bank, it
became the interest Of rs creditors, that gold
us II general currency \ value was soon at
tached 10 ,he-pod cons, which made their ex-
portation to FOREIGN countries, ns a mercantile
con,modit1 more urotiIahi, than their retcuilou n
and use at home ms money 1t followed as "A
matter of course if not designed by those who
established the bank. that the bank became. in
effect n substitute for the min, of the UuiteJ
States
Such VA: The or.;u of - notionol hanl cur-
rencv. and surb ia. hc,iu,,,,u of those dt,cul-
ties which no,y on,eor ), IA. ,xrcssx, issue If
TN, hanks incnrn,r,,od h,. ,,. ,,r;o,,s S,,,es
AhhouyI, !; NAV M, H.. no.s,hl, Inv any To-
pislo,iyc mcn, 9 within orr move, to chanmc -,
1nce ,h, system, ,vb;,, la. ,ho. hoo, ,u,rnd7coJ
and h,s received ,h,. ,c,,,..,.c,,r, of .ll ,,nr;
Of the c,un,rv If !; .cr,,.,,l our d,,y - IL, an
,Ln, il consistent vtL onr c,n.t,,,t,,,J YJli,,,-
tions in nreyeutiuo rho ,nisci,,rfs >yl,irl, ar,
Threatened Inv it's u,,lnc cv,.,sio, ,rh,, ,La
, .t,or,s If tho father. ,,,r ,.,,,.,',,,,,, .,
rams, il hy j, CONSTITUTIONAL ,,,o,;sinn ,,,r,
: founded q, an ,nt,,,,,e ln,vlcdrn of i,. s,,,,.,
: H. La F., Wv J0'''
Renee IF the counlr, ~. s.,,o oa',so, ,,Iri'l
led then, TO refuse their sanction IN = ,,or an.
, tborisinr lin. c.l,ll, sn,,, ,f ,n.nr,nr,,;,, g.,
+ BANKING purnose, uow c>is, IN , ,,,,,.h ,,r
y Ger decree. to- utrc ms ,o overt III, ,,,,n., ;,;
lance IN callinr ,nio ,c,;o, rho mean. ,,o,.,,.,
to correct the q, is rc sult,n,, fran, ,l ,,,l,,,,,
exercise of The pover. and !, - In Il. honod ,L,
the opportuu,v far ,ti;.ct;,., ,,i t ,,1,,l a.
i be improved lrf,r. tho c[,,,,,r, ,,,,a,. ,,,,,
: scenes vi embarrassment and di.t,n.s
Varlabcucss m,,,i ever he the ,l,,roctcr;..;.o
i a currency of which Tine .nrcciorx ,,ot,ls 49,,
o the chief iuuredicut ar ,lacl ,.,, b o,,,,,I,,
II or contracted without REGARD ia liz. ,r,,,.iI
: that REGULATE The y.,l,c ,t j,ns,. ,,,.ols -, , -,
I, l,rd in the GENERAL trade ,t ,h, world W,,l =.
II bank issues con,.it,lf, .uch g, c,rre,,e,. ,,,
: must ever do so ami they are ,,,,l. d,,o,,,lo
: on those 81 propor,i ions ofoold and s,lyer "a -
u circulating u,r,lluln Which ,xnpr;nnco l. No..
i cd to he NECESSARY MOI only m th,. I'm, -, al
! other commercial countries Whrrn tb..c mo.
portions are not infused IN the circ,l,lio, ,.a H.
not control IT, it i manifest tbat ,r,r,s mus, car,
= according Ia the tide of y,ui issues and -
ne and stability of nyorcrtv mus .,,.,d c,,,,,
i 10 all the u.tr.r, Ii,fy VIM, at,.ad, tI,#l
minlstrllion of insit zion. llat.nre co.,st,uil,
liable Ia the trInpftiiol# OF am interest ,li.fin
from that of the community IN uL.l, ,h.,. ~,
established.