Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-04-20

in Richmond OF New rork, Il would
give currency 10 n least 3 nilIioss Of
dollars. whereas .: present the whole
snm. snd speess 100. 10 not worth a
cent.
We think the eyes Of the country
wiii be opened yet. before the ills we
now endure shall have passed away.
to The dssesiable humbug which has
been imposed on . con6dinr people.
The Effort. TO subject the currency 10
the uses Of party, and 10 subssitute gold
and silver for the credit system, which
has been the prolific source OF our ma.
isousl prosperity, producing, a. Il will.
widespread ruin and unmiligsled evil.
will yet be deprecated ~ the greatest
curse ever inflicted upon th,s eoua.ry.
II any thing were wsnting 10 demon
strats 10 every mind's conviction. the
folly and wickedness of MISUNDERSTANDING
BY force the currency sf the country
substituting specie fos paper. Il would
be supplied By the fact, that st this
time there are 50 mill:ons Of specie in
the country. and vet The commercial
distress Is unparalleled; whereas when
there were only 20 millions, trade and
eommercs were fiourishing. and pecu-
mary distress was unknown. This fact
~ conclusive, that the soundness of a
currency is dependent not upon the
amount Of specie. but upon the conf
dence Of the country. That system Il
the best. particularly in growing coun-
try like this. where there is not sufIi-
cieut capital to meet the demands Of
jndicious enterprise. which will Justify
the emission Of the greatest amount or
paper on the smallest specie basis
Specie. except the little that IL requir-
ed for pocket change, 10 worthless as
medium of exchange; IL is only useful
to lie IN banks and preserve the credit
Of paper and the less that viii do that.
the better.
Tbs PRiMARv CAUSE.-THE Pet
Bank at Burlington. Vermont, In soil
citing more Of the depcsiies, writes 10
the Secretary Of the Treasury rs fol-
lows:
.oto uos occu oestfo Oh me part OF our
directors, Go meet thia expectation. and TIE
consequence has been, that a very sen.;hlr
change hss taken place, politically, IN favor Of
the government, and rs u b our desirc 20
strengthen thoeo sentineLtA, We feel that Il u
tmporfaut 10 sfford our formers and merchants.
the coming spring. pretty extensive accom-
modstioa."
This is the way in which the coun-
try has been inundated with bank notes.
Phe Pets ito strengthen those senti-
ments in favor Of the administration"
afforded extensive accommodation" to
all who ask. They were anxious 20
prove to the people that they could
furnish fouTfold as many notes az the
United States Bank. They did it,
speculation and overriding have been
the consequence Riehmoad Wing.
Dissatisfaction Office on the 9th inst,
Chambers Cav. m Inspector Of the
Customs. To show the nature of this
act. II may be proper to state that Mr..
e. Gaw bore arms in the revolutionary
war, and has always been remarkably
attentive to The duties Of his Office
No fault has ever been found with him
ia that particular. Few men equal
him in general excellence ofeharacler.
But revolutionary services. personal
merit. faithful performance Of official
duties, all could not save him from
prescription.
Dismissed at the same time, William
p. Cav. another officer ofthe revenue,
q man Of unblemished character. and
one Of the most efficient officers in the
public service. He belongs TO the do
minant party, and Of course has not
been prescribed for his political princi-
pies.
-Four other officers became likewise
the victims Of prescription. on the same
day, all Of them. il is believed were
Van Buren, men; what is the reason Of
these removalss One trait in the cha
racseF Of Van Burenusn Is revealing
iiseif IN Pennsylvsanis; the removal
Of every officer who has held an APP
Pointment for eight years
PAR. U. s. Cazsits.