Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-12-07


A PaLPABLE HIr-"As to n con-
siitutionAl currency, /, is palpable non.
sense, II IL mean that nothing else but
gold or silver shall be paid under the
constitution. Wiser men than those
who now administer the government.
or represent the people. have always
held a different doctrine
Sacrifice Of The People 10 The Office
HOhierS.-Now II seems idle 10 enquire,
but the conduct of some of our public
men makes it necessary, whether the
government of the coniederacy was in
stltuted To sustain formal, lateral per-
Torrance of contracts between the ex-
ecutive government aud a few individ-
uals (who are fat,ening on the public
purse with whom the government has
contracted for us supplies, aud the en-
Pioye OF that government, or for the good
OF The whole people OF the Union;-
The scheme OF the government, how
ever, is entirely devoted TO the first OBJ
ject, and # we are right in our view :
sacrifices the latter 10 IL"
"BeH.fiS AT orer-fradiEg,-i am no
defender of the Banks. They have all
done wrong; they have all been guilty.
They have all over.tradei. But the
country has enjoyed great benefits even
from that over-tradlng, it has filled the
sails of commerce, 1t has sped the
plough, nerved The arm Of industry.
covered he county with great and
lasting Improvements, Canals, Rail
Roads. and other magnificent and pro-
fitable structures. |; will leave some
individual victims, but the country has
nevertheless been greatly the gamer by
the over-trading. Time Will pass away;
and when not even a remembrance Of
our present suiEerings shall remain,
these benefits will be fresh and green,
and bless generations yet unborn"
"Fanaiie,sm md Folly of he Sub
Treasury Scheme.-One of the fanatics
OF the early periods OF the French Re-
volution uttered sentiment like the
following: The sacrifice of million OF
human lives is nothing IN the establish
ment of principle. perhaps the es,ab-
lishment of the Goddess OF Reason, In
the place OF the only true God, and our
Saviour. Our wise men, with a zeal
( little short, and an obtusenesS of feel
feeling little lacking OF those of the re-
evolutionary zealot, cry aloud for di-
vorce of the Government from the
Banks without deigning TO consider
tina: 1t is. in substance, alike a divorce
of the Government Of the Union from
those of the States and Of the interests
OF the people, that ITS tendency is 20
PROSTATE those institutions which are
established by The States, which amount
in value 10 hundreds of millions of dol
lars, which belong 10 the people of the
States, and which must furnish the
currency o. the peoP:c; $500 - '-"h~n-
CIV IS 10 continue the unsoundness OF
that currency, perhaps 20 destroy il.
and leave US in lie place miserable
I pit;ance of gold and silver FOR the uses
of the Government, strong box, while !,
will furnish happy opportunity 10
complete cur dependence on Federal
power, by oPpending the paper system
which Is 10 give completeness 10 the
scheme. These one would think, are
awful evils, which ought no, 10 be ha-
zardcd."
"InSenNiJiLhy Of The GoreTHmeni.-
{ The great evil under which property
commerce, enterprise, industry, pos
session, country and even hope suffer,
languish, droop, and We might almost
say, perish and die, is the unsoundDess
OF the currency. But TO this great evil
the advocates Of the government,
scheme are totally insensible."
"Reai Effect of he Strong Bor Sys.
tem.-Anolher Argument IN favor Of the
scht me of Government, Is. that as the
public treasure will be locked up m
the vaults. !; cannot be employed in
banking. as !, would be IL it were de.
posted in bank. Until or dav. His
W0Uh hare been cgHccirsd "a grcgf pub
nc erH The President seems 10 have
ESTIMATED the average ut the public De.
poliofics AZ ten millions 81 dollars -
Hc have seen. that they have at times,
been forty millions. A. the country
increases IN population commerce.
manufacture and wealth the avcrag"
must iuc;case core poDiiugly and 81
Is probable IT Will In twenty years a.
mount 60 20 millions. Tbs money
permanently 10 The public vaults land
io tie extent Of Tie average amount -
will De permanent, Withdraw from TIC
active capital OF Tie country 8, just as
complete an cNunEui.amcnt rtthc pub
lic wealth as Il the amount were again
buried IN the mines from which % was
dug. 10 can have no influence % pre-
venting excessive banking af o. alleged
It's fsllacy then ~ assert that lock
,ug up IN an unproductve STATE ihe
public money eau have the least eject
~ preventing banks rom aHofding eS-
cess,ys loans. II viii diminish The
means II TIE country 90 employ and
encourage industry and commerce but
Il will put no restraint upon the exce5ses
ofbanking'
II Van BufeBsm Is ~ dead ~ ihc
Wbigs pretend Why DO they make 80
much NOISE about q Il u seemly Col