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

Iayenience To the citizen requires 'he TO
P"pon OF bank paper
~ w. az that the refusal of paper money
,La Government, introduces an unjust
,.,,.nar,on between the currency rcceV-
1, n and that used by individuals N
ordinary aiIlirs, Il, ~ my judgment,
,v IN a very erroneous hight. The
.,,,ul,on prohibits the States from max.
any ,bnr bat gold and silver a tender
7la o,,mc,.t of debts, and thus secures
ory rttizsn right to demand pay.
= The legal currency. 10 provide
..., limit the Government viii only &c.
., i. lles IN gold and silver, Is not TO
sr on il any peculiar privilege; but
,.ly 10 place it on equality with the Cit
+, pseryiug 10 II a right secured la
the Constitution. /. is doubtless
,5,s reason that the principle has been
.osl Is successive laws, from the
a the hrsI Congress under the Con
,s1 d,aa 10 the last. Such predecents,
r. objected to and proceeding from such
/. ..,F. afford decisive answer TO the i'm.
Ia a inequality or injustice.
p., i, fact. the measure Is ono Of re-
.', ra, Of favor To forbid the pub
IN, 10 receive % payment any other
A., certain kind Of money, - TO refuse
discretion possrssed by every ciiizcn.
llt IN those who have the man.
a, ui their own transactions TO make
s,n terms; but 10 such discretion
ba rlsen to mm who acts merely rs
zen, Of the people, who Is 10 collect
tie law requues, and TO pny the ap.
g,l,ons il makes. When bank notes
.emed on demand, there i then dts
atom N reality, for ,he individual
receives them may at hrs ogalon, sub.
+. the specie llr them; be takes them
convenience or chnlce. When they
o.. 20 redeemed, It viii scarcely be con.
q that their receipt and payment, by
e5l.c oihcer, should be permitted though
deay thai right 10 Az mdividusl; In
Fl. the effect would be mnst injurious %
> n.b.c. since their ofheer could make
r. u those arrangements To meet and
atd agains, the depreciation, WHICH al
,lg9l Is at hbefty Ia da. Mr. can in.
.tr8.rncr 20 tie community b. alleged
On friction 10 such regulaiioa. lts
5aI motiyn are convenience md wei
..
..ta pomen, of simullaneoas and uucr.
a,spcuaon by the baths, il adds
samg r. The maue embarrssHenis OF
proceeding, yri these are i'lr over.
.e rs rs direct tendency 10 produce
sf ciuulatou 81 gold and SILVER, 10 IA
s.e the saieis e bnnk PAPER, 10 Improve
gaAetI currency, aud thus u prevent
ser such occurrences. aud the other
IL greater evils than n,tend them.
I, nay indeed, lse questioned. whether
b ~ isf toe interest q the banks ihesu..
ga tha, the Gosrtumeal shou'd No, re
fJrr paper. they would h. con
e suh more cauii0a. aud on sgun.lrr
Yrs. ny u,,ng specie only IN ~
-iiHas. the Government apt,ld create
/ uai ST. i, wh,ch sruil, 60 great
/ prevent ~ csparihhony and, by
sHlu csTcui3.po, lua,u'au q bruaa.
i aief bas,s far ilie pApfr CURRENCY.
The banks would ,i.ss be rendered
sound, and the community more safe,
ral admi, If 0 doubt.
e iorgoins views, Il secnig 10 uc, q"
ai''l carry out the provisions ~ ihr
81 Constitution ~ relailat To thu cur.
e, IS iar as relates 90 the robbie reve
At lhs tim" that Instrument wa.
there actu bH three or i,ur bauks
pc lr'ei States; AMI had The exien
ihn banking system, erd the evils
|'os#- efl ol a, heen tourseeu, they wonld
I 1o'ay have been sptcm'iy guarded u.
"a. The sane policy wheh tod 10 rhe
a''oo Of bills Of III by the States,
ioabllcss, 10 that event. have also
tttr'sd t,cir IsssIr a. n currency "a any
'"rm. laa Cop~lttuiian, however
'a'H' 10 such prohibition ard SINCE
States have exercised. Gar nearly half =
taty the power 10 regulate tho BUSINESS
Hakng, q not TO ba expected thai Il,
abandoned. The whole matter Is
ln'af discussion before the proper tn.
Ilat--'he people Of the States. Never
o'7 has,he pnkiic lnind been 50 thorough.
'saAaaed y proper sense ot It's imput-
'e' ae'er has the subject, in all IT, bear
= osen submitted To 80 searching an IA.
ny L wound be distressing the in,clli.
-'ee aud t'tlae Of The people to doub, the
fay and ciilclrni adoption Of such mea.
,'s 81 reform as the public good demand,,
Ice ~ A. - A.