The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-09-15

Treasury, IN accordance with previous a..
tcc, continued 10 dispense with The cn,.
cy required by the act OF 1859, and -,
the notes Of banks in full confidence o,.,E,
being paid in specie on demand and q.
grcss, TO guard against the slightest ~
ton Of this principle, have declared, &, 4,
that il notes arc paid ~ the transactions
Government, IL must bo under such c.,o..
stances as to enable the holder IL can,.
them iuto specie without deprcc,arss
delay.
OF my own duties under tie e,.,
laws, when the banks suspended -.
payments, could not doubt. D,rcrs-
were Immediately gwen 10 proven, l5a 81,
cepilon into the Treasury of any lhr,
gold and silver or lis equivalent and an,
practicable arrangement vas ngac ,ar.
serve the public faith, by stmlar Or ara,
alcni payments to the public creditors. n
revenue from lands had been for ,aua
substantially so collected, under dc Cd.
issued by the directions Of my prrjrce,
/ The effects Of that order had leaa "a
tary, and lis fotocas, in regard to ,a.
creasing insecurity Of bauk paper had
come So apparent, tina, even before ,r
/ lasirophe, had resolved not to iaga,
with its operation. Congress IS aoa %
eide whether the revenue shall coa'.ns
b. SO collected or not.
The receipts into the Treasury, Of
notes, not redeemed IN specie On dem
viii not, presume, be sanctioned.
would destroy, without the excuse q :.
or public distress, that equality oi im.o-,
and identity Of commercial rrga.
which lie II the iu1ndaliun u our C....
eracy, and would offer 10 enci, STATE a f.
rect temptation to increase tie iorei.n,f-s
by depEvclaling the currency rcrcacl
duties IA It's ports. Spch g,acrel,.
would also 10 great degree, ing'l,.
policy, 50 highly Cherished, Of lliusug 4.
our circulation a larger proportion /. &.
precious metals; policy, the w,ssoa
! which none can doUb', though there 81
be ditieren, opinions a. 10 the exlea :
which Il should be carried. It's rrsulis Aa,s
been already too auspieious and Us sar,za
Is too closely interviewer With the igg.
! pfusperig Of the country, TO permit q, b
mumenl 10 cun,empiaIe rs ahaAdealss
We have seen. nndcr is Influence, car ~
cIe augmented beyond eighty milton, "
coinogo increased 50 rs a. make that Z
gold amount, hei~ccn August, l-3t, a.,
December. 1896, 10 ten millions os Ga.i:s
, exceeding the aholc coinJgc q, lAs aa
during tie ihitiy one pfrstms years. II
J prosgsc; 81 further itapronmc., clh,isa
, without abatement, ualil the musuGru,
tho suspension of specir paymenls. h
) policy las noa indeed teen spdlealy chsss
. ed, tat Is s,.H OR from leing osefta'os.
] Amidst Nil conflicting theories, ore P1s.'a
: unslen,able; the precious ,gctal. s,l !
6 sqnahly disappear whcu there ceases ia
l a necessity lur tlelr uae, as clfcg.-t4
! mediam. II as 20 g,rlci accordance al
c this truth, that Sbilsi, 80 The uonih a v
: !ast, they we're cyarg where ssru, AMI pfl
a eaueu, lor al Ordinary rurpoas. liey g
. appeared from circulation the m0atai e
! payment az apecu vas refused hy lbs taaE
e aud The community tacitis aafesi 20 q
e peusc ~ilh IT. employ meat Their f.s
| sas supplied By currency exclusives
. papcf, sod, ga mary cases, Ut che so's 3
scriptloG. Already atr lhr bank notes 81
. m circulailot, great, deprecated, abd Y
!. auctuate ~ value b'taeen one place aei
g mother thus diminishing, aHd makFs q
: certain the aorih % property and the PfE
I 81 labor. aud laihug to sullscfse, eHre9
$ heavy loss, the purposes Of bu''1e'
g Wnh each succeeding day the metallic I'd
I Fency decreases; by some Il j. hnardrd
!, the natural fear, that, once parted alih'
canno, b. replaced ~hlle BY o,her' i
a diverted from It's more legitimate uses
J. tho sake Of gam. Should Congress sa'
J. lion lbs condition Of thines BY making
rcdeemable p1per money receivable % =
o meui Of pubic dues, a Temporary cheek
: use and saluiart polIct Will ~ al r
}, bahilry, be converted into IT'S absolute
i struciiOu.
n Ii is true that bank notes actually g
# ycritble iuio specie moy be received 70 ?
e menl Of the revenue, without beng VS.
y 10 all these Of Iaclsnns, and that such ? cog
a may, To- some extent, promote lnoN0'
/, convenience an object always TO v 9
!. sldered whore II does not conflict WIN
!. principles of cur Government, or Inc :
sral welfare Of thc conntry. II such ho
; only were received, and always undtf