Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-06-22

The circulation Of \ country 90 great In en-.
tent, sad having 20 vast an ialsrconrss, com
@ereials social. and political. beswssu all iis
parts, 40 onfs- As an sddnional Fscommsn-
dstloa 90 rsiss is relative vsias, gold hss,
OF late, oseome 40 important product Of
three considerable States OF the Union
Virginia, North Caroline. aad GsorEia-to
the industry OF which, the measure proposed
would give strong impulse. aud which, in
turn, would greatly increase the quantity
produced.
Such ara the mssss which have occurred
10 me. There ere members cf this BODY far
more eo@PeieDt TO judge Of their praeiieai
oPersiios than myssif. aud 80 my object 10
simply TO suggest them for their reAeetion,
and for that OF othsu who are moro familiar
With this part Of the subieet,I will not 81 pre-
scot enter into IN inquiry IS 20 their slbcien-
ey, with view Of detsrmibipE whether they
are fully adequats 10 eject the object in view
or not There are, doubtless, others Of o sim
hsr Description, end perhaps, moro seica-
esous, that may occur 10 the experienced,
which would freely eubrHee, a my OBJ
Ject = TO adopt the heat and mOst efficient
And u my be hoped that, u, on experience,
Il should Be found that neither these provi.
sions, nor any ether In the power OF Goa
gress, are fully adequate TO effect the impor-
TAFT reform which have proposed, the CO.
operation OF the States msy be sIorded, 81
least 70 the extent Of suppFes Z the eiFeula-
ton OF notes under I've doilars, where such
are permitted 10 be issued under their au.
\ ,horIty.
omitted ~ the proper plasr tostass my rra-
soA Tor Sugwesting twelve yeErs ne the term for
TIE Ts"s v-i Of the charter % The Bask. Ia sp-
Pesrs TO me thst q is lOaE enough 70 p-rnit the
-giiHisoa and distraction Which nov sitsaarbs the
sVaniry. 10 s1bside, chile il IL sufficiently short
10 enable ne 20 avail ourselves of the full hsn-ai
81 me light q experirace. which nay be sxpssl-
cd 70 he derived from the opcrutisa Of the sss-
ten uRdeF ice new Provisioea Dot There IL ss-
other reason Shish sppsars 20 me 20 be eatigled
10 grrp. weight The charter of the Bank of
Bnsiand has reesotly bera rroewed Zoe the term
OF zen years, With very import,at changes oaleu-
istsd 20 turn'sA much expei icee upon tiss ssstus
Of banking operations and currency. Il is highly
Desirable, II the Baak charter should be renewed
or - - hank created, thHi - sho,sld have the
tun Sensht ~ that experience before the expire
noa OF tie tern, which voald be eife~tedby tx
lns The period Tor the time have desi Rnatrd -
ii1i - my ehj-et in sSicciing the rs-shartsr Of
the Bank OF the Unilra States wa ssunt,ly 10 On.
able me 70 preseat the suggestions have made
en- The elearSst form, and net TO advocate the re-
charter, shAll omit TO Indicate nany Iinitasons
and provisions, which seem 70 me TO be iInpor-
tnnt TO be eonsidersd. uhen the qua gsian Of ils
permaneat renewal 10 presented, should Ia ever
De- Among others, ehtirely soaeur IN the sur-
goss'oa OF the SenatOr from GsOrEia, uf hKInx
\
81 the very highest importanee, a. having q most
lmPaItsni barring on the vaiae Of property and
The prosperity OF the country Ia every branch Of
us 'haus,ry. sod 20 which bot ohieeiiOa can
20 my oi'ta'oa, be presented; mean the orpos-
tag interesi OF existing State institutions III of
which diseOunt Al higher rates. a~d ~hieh may
dstest any MEASURE q which Il eonSaitut.s mart
10 addition, will simply ssy, that Z, Tor one.
shall feel diSPosed TO sdopt such provisions 90
are bea calculated TO secure the Government
Ia -
Bank. or the Bank FROM "a, improper inlsrfrr-
snee CO the part Of the Go, crnn,eni; or which
ms be necessary TO protect the tishts or iute-
rests OF the StAtra
Having noU stated the measure necessary To
apply the remedy, am thus brought TO the q1srs-
ttO''--Can the T1essare succeed l-uhish bring,
uP the iDquiry Of hos Ter "a may be expected 10 |
receive the support Of the seVerAI pn5tiss sh,eh
compose the Senate, and ca ~hisA slsll next
preeeed 20 make a lev remarka
First, then. can the State hight pNrty rive n |
their support that party Of which am proud
OF being member, aud for Which I entrFtsin 40 |
s'rong an sttaehneht-lhs stronger because 80
are few among many. IN proposing this qaes-
""n' an not ignorant &C thsir long standing |
s"n'i'iniioaAl ohjesIioA 10 the B1ak, o. the
ground that this was intended tn be- as Il IL |
usually expressed, hard money Gnverameas-
6oseTameai ~hosr eisvuisIing nse,lium vas it- |
Ieaded to consist Of the precious metals, and Ior
which object the power OF coming money. and
reSulstins the VAlue thereof, vas expressly con.
IeTed BY the Constitution. I know hox Ion. |
and how sincerely tbis opiajon hiss berS, ertr,- |
taihsd. and under how many difficulties il has
Oern' nAiptatned u is RCt nv intention, 70 II. |
tempt TO shsnEs IN Opinion firmly Gxesl; bot |
! may ''c permitted 90 make fee observations |
"a order 10 pFeseht What sipeAFs "a me o. ir an.
True question ia reference 10 this constitutional
P7i"t. IN order that &c msy fully snsnpteh,.,.d !
TIE sirsunsisnsel under which ue are place. 10 |
reference % IL.
" ish this view, do not deem d o,...s.rv 4, |
iAqn're ShsihsF, 90 soslrrring che pover to coli,
Innrey, and % regulate the szise thrte5C the 1
Constitution 'ttcuded TO limit The poser strictI,
20 eesn''g mo1vy aHd regulating the value. ~ |
"ssther v Intended 20 eOnfcr > more general |
povrr over the snrFVhsy; nor do intend 10 To- |
4n're WbethcT the vord coin is limited siapI,
10 the metals, o. msy BE- extended % other sa6-
stHnses, " Through gradual sirnge They Tns, /
become 'se medium OF the general circulation 4
the world. pasS these points yYhstrv~r o,,i. !
oiuo there may be entertained IN references A, |
th''S, We al nsnst sErse, 6Acd prinsipIe H. 1
our aJstem oi thinking on constitutional a,,es-
hors, that the power aasirF reconsideration. ike
s,her political Posera is atruni power; cod that,
IKE al s'eh PAYERS, Il must be 20 exercised ss
10 e5rti TIE object Of the trust as far A "A ma,
DC Prassleabls Noe cen We disagree. thss ,hs /
OhIees 81 The PoveF sss e. secure Co tbsas sts,rs
. safe, uniform, aad static currency. The ps
ters ~ the Poweri the terms uscd q CONVEX Il,
The history 81 Tie lincs; the nsc~ssitv ui,6 thr
sreaiion ot . s0mmoa GoveFnasens IL b.yiur
common and uHiform sircolstimg medium. and
the poser eoafsrred 90 paaist those sho. h, /
eoun'rrtsiting, may sitsmpt 10 dehass nnd Dc.
grade he soins of the sooutFy, sli pgosIsisn th,s
- be the ohiret.
u Is aot my purpose 20 isquiFs whether. Cd
u'H''eg tiiis % be the Obirel, Congress Il soi
eouns 70 zee az the tacaua IN ice power 10 1ivg
shia safety, thts s,sbiiiiy. this uniformty 10 a.
currency, for sbieh the power vac eoof-rrs,l,
cor - thqoire vhether ths Siuirs srr uot b,,,nJ /
" sesiain irssn sets on their part lneossissso,
EHh thete oeJesisg nor 70 Esquire vh-,h.r H.
right % habking, on The part ~ . slete. Dies
nat d'FSsill, and By imEsedisie coascgusoss, IN
Jnri"asly sacei he eurrebsys whether a.. eeget
o. banking ia noi % cEpsl ne specie eufr-sev
sh'sa, eosording ~ the assaupisan lhst this lie
nara moneJ Gosgrnmcnt. Il wasthe ol,i~et II tle
Constitution 20 furuith, IN eonFrFrinq Sig powsr
70 eosn moneys o. whether ne eject ~ seeking
deea got nesesuriiY ttnd % dirsiniah he sslus
o. sPrsis surreHcys % eeFtsinlg % clipping o.
relueinE tia weight wDuldt aad uhether d has
uol, in iaei, tiuss ita iuiroduasisn. reduced the
saise - lss soias oas bsif. Ees ~ islsi.i y. !
inlnife NhctseF ConErsas is 80 boana 10 49,
.ln ifpm ~ aeta o. he peri aaieuisted % sFest
i.gnfioasiT he specie eiFsuiagioa. md vhefh,r
ne rrcsi'inEloi any ihing hul spss.s. b. u. fr-s
ll'uti ni neegasafiy 40 afets IA ~ dir,rf.fi.