Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1836-12-22

1;,,lc ,n,bl;c none, aIreal, existed. made but one
transfer 10 .c. op.,.Ii.l, bot, oi,.sts, aud by a single
.,.rat,,u l,y. r..lucr4 tie excess il. Certain
Ranks IN e.rt.f, STATE. and plaeeJ Il in the
Si.iss where II Would be needed mex, wear, AMI
.h.rs they brfar had 10. an equal portion %
TIE public mpsry."
". Ihn. ,.fctipr. - Ia: enlrss Authority would
b. in. red bi--ti,e rs,.4a-!iu4rv p,annrr in which
i4p s1.bii, ,e,csl- i,as been scattered. To-
S.rretar, SIR. al accumulation of puhtic r.yen.ir
IN any one Stale. lie sees smother place - =.
notlirr Stale. " where ouly a lrtIe prbiic money
ahead, esstrd,' -whereIpoa he resolves, with
out the least auiliuritv from Congress, l. brston
upon ti. placo" an EQUAL portion III the public
mour. :" aud ~. lac NIL have, Twelve msntiis
ltencr, IL ~, son1. MONEY ia that State, te Makes
- single operation" ri i,-ind accordingly h
,onlr>ses ,inI hr la. actually uaGsltirrd pabli,
moneys IN Siaic, .lHett cannot r"e"I'c ,itrni l'r a
year acknowledgements the >etj eoaIhuiniA
Which raised the ,nenry OF The uso Of i, dufine
Ihs, whole period.
Such a MEASURE vas u; its,lf sufficient 10 disor-
,ADize The currency. Bui II Mas accompan,.d b,
annliar which armed II y lih a tcnlolI power al
mi.chi,i i. Ihis WAS tire Treasury order proi,ibi-
ting the receipt Al ire Land offices of any thing
but sp.ri.-an act winch s.rn,s Ia ur a mos
uanlua abuse Of power, II not a tiarrani u.ur-
parion.
The Who'll. pccnnisrv sys,rm of this country.
! tia, 10 which. nett 10 il, lrerJon,. j, owes lts
prcsprtily. i. tho system Of credit. Our auces-
iors came hero with no money-bui viii, far LET.
ter ,l,inr,-wi,l, COURAGE ard ,rdu,ry--and im.
wan, of cnpi,al WAY supu!ird by their mutual con-
6lence. Thi. i. the bu.i. nrour Whole ,omn,rr-
cial and internal Industry. Tho government re-
e.iyrd il. dune. on credit and sold IL, lands ON
credit. Wh,u the sales Of land ON crrdi. BECAME
inconyrnirnt from ,,r comnlication Of accounts
,ls land. were sold for what Is termed cash. But
il,is ws> OILY anoihrr form of credit. for ih,
Banks. by l.ndinr 10 ,i,o>c who purchased land.
took the place oCIae Government y, ,r,diior,-
and the Goyel,mroi received their notes n, ,oui,.
.l,nt IN xnr,i, |, r.us. alya,, c,nv,r,iblc into
.,,cir. Tn, Nax the ux.,,-,bi. nnv H.. ,.gsr.
| led a, tbc law Of the cou.lrv. gv ,Ic resolution
If Conot.,x n,>.,d an lin. 3ot, al a,,l 1915 i,
Wa, dccl,rrJ ,l,,, =. no duli.x ta,,. ,i,h,. ar x,nx
! If money. acrrJiur ar h.coniny n,y,il. =, ~,
United Sla,r. >. aforesaid. ourbi +, Ia, col.,,.1
or received otI,crvi,, than in ,h. l.,,l .,,-....
al the United STATES. ar Ir,asu,y un,.s mr. ,o,n-
IF the Bank OF the Inited States. mr. IN nn,.. nf
Bank. which are PAYABLE and p.id on JcnnlnJ il,
the sad lcral culrenc, Of tL. United States"
Tins resolution prr.rns v.rlous altrrnnuy,x-
H.. lppal currrncy-m Trr,xpry no,o,-o, r,,n
ri the Bank of the Il. StK1rs-nr ,D,c. nc .,.ri.
pl,inp Banks. 4 citizen ind 4 riyh, IN cb,os.
any one of those p,od,S al uaXnpuf. He had a.,
.1ph rioh, 4, nav for land Vim I'M, no,r If , xn..
-, H., iur Rank AZ y. nav n ,.r d,,;o. =, ia,
Cu>t,m Home. If ,hi> he denied ,.r,,;,,, .,,
an, ot Them mi ia, In acr,n,.d ia, tm- rrr,s,,,
In, 10 u,,scrib, all Inn, ,,.-t, r.r,s, oy.r,.
thing bur ON. most difficult, thinr.t, Il, ,i> - ;b-
anr notice of tn, apn,o,chins chang. i, IN. finn.
lamrntal system Of oar dealir.s-,an act o( pra-
t,iruns opure,sinn.
Under The ou,r,tion uf ilns resolution, ,m.
Bank had gone ON f4a,in, no,hinc >, ,,.r had
only to provide for the usual .nccic calls unon
I,n-,nd saw rb. ,nu,,r, c,ll If .,,,;, ,,L -,
fo,cisn demand Ia drain i, ,r,u ,hcr, h.,
~, , Sudden. ,ithnu, any in,;m,,;,n uf ,t.. an
,,a ,hock 40 ,rd,, r.. issued h, ,ha S..r.,a.'
Lsrl,,i,, ,m,, ,L,;, =, .... =, ,na., .,.
III. and of c,n,., ,,yi,i,, All win, h.1I IL. na,a.
ar had lc,o.iIes in ,br.o hunks :, c,,,., ,ra,,
ato ,m.,u. II i, Fac, mad, =, o,c. H.. ,.Lal,
,tnount ,f iI,.ir circ,l,tion and ,,i,,,. Jn.a.,,.. +,
s,rei, ,ie,,,,d man ,b,,, 'Tb. hr n,.a-
n,,nc. WAS ,b,t th, r nh ,,,a. -, i.a.l
,,rr.> ,.,..d ,r,l M, Ian. r.. H.,
they s,r.,. J., fart, E, h,nx.l,.. =. ,..,.,l,;. ,
<nr,;o Il w,< in.t =, ,his ,,,on ,L., ,L, u.r
rants for ,r,n<,r. rcr. +, :, ,,,, ,L,,. h,,l. m.
conbi,a,;,, of tho, 10, ,,.,,n,.s nr,d,.mI .J,a'
III, r.,ult--Grsi m ,.,u;r, ,h. R,,l. ,, ,cr.,o
tl,,ir sn.r,r ,,d np,t Il, DIV. ,h,,, ,,, 49,. :.
:, l.,r !, nv drafts -, IL. D.,..,. p..I.
= Tin. co,,,.rc;,l comu,n;,. m.. 49,. ,I'. /,
, ,nrm,e. Tn. iu,rr;,r n,nL. ,,,tin, =, l,an.
/, and converting ,hr,r 4 ,I.n,n, f,,,1. ot, .,..; IL.
Mamie ci,;,. vein, ~ ,h.s ,b,.,, e..
= lI,c Banks of ihn,, c,lcs j, , y, anon, vl..a, rho,
re unable t., afford ,.l,,fon a,,oun, or IN. yer,
'''h W nv -