Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-06-24

yiction that they have proceeded from the meas 1
ures Of the General Gov ernment. relation to the
currency. make this declaration in No spirit Ct
enmiiies to their authors.-I follow MOI ~
rebuke or reproaches. To reprobate tt
not alleviate the evils of the present. Nig
ty OF every good citizen to contribute his
however feeble, to diminish the burden
which the people groans. To apply the REMEDY
Aowever, We must first ascertain the
causes character and extent of the evil. Let US
go back, then, to its origin. Forty-cight years
have elapsed since the adoption of our Constitu-
tion For forty years of that time we had Ma
tional Bank. Its establishment originated in the
impcrious obligation imposed every govern
ment 70 furnish its people with a circulating medi-
um for their commerce. No matter how rich the
citizen may be in .iocks and herds-in houses and
lands-if his government does not furnish him
medium Of exchange, commerce must be confined
to the petty barrier suggested by mutual wants and
necessities, they exist in savage life. The
history of all commercial countries shows that the
precious metals constitute but small part of
Of this circulating medium. The extension of
commerce creates system Of credit-the trans
mission of money from one part of the country to
the other gives birth to the business of exchange
To keep the value of this medium and the rates of
exchange equal and certain, was imperiousy re-
qurcd bv the necessities of the times when the
bank was established. Under the old confedera-
cy, each Of the thirteen States established and
regulated its own money, which passed for lis full
value within the State, and was useless the mo
ment it crossed the State border. The little
State of Rhode Island, for instance Il hope no son
Of hers present will take offence at what say)-
SO small that an Indian man might almost cover
her territory with his hand, crowded with
Banks A man might have been rich at Provi-
dcncc. but before he could travel to Boston, forty
miles distant. he would starve for want OF money
to pay for his breakfast Had this state OF things
continued some ofthe provisions of the Constitu-
T. r vIrt,y
what value to Congress would have been the right
to levy taxes inpcsts and duties-to regulate COM
mcrcc among the different States, of lcvying ard
collecting imposts, If each and every one of them
had possessed the right of paying her taxes and du-
ties in currency OF her own. (which would not pass
one hundred miles, perhaps. from the Bank where
it was issued. The creation of Il National Bank
presented the surest means Of remedying these
Ala, .es accomplishing one of the PRINCIPAL OBJ
jects of the Constitution-sa,e -..ss:.1..s,. and
maintenance of u currency whose value would be
uniform in every part ofthe country. During the
40 years it existed, we had no genera! suspension
of specie payments as at present. We got along
well with it, and am of those who are dis
posed to let ,relg alone am content to travel j.
long the good old turnpike on which have jour
MED before with comfort and expedition, withou,
turning aside to new track. must confess thai
do not possess that soaring selfrespect-tha
lofty confidence in my own political sagacIty anf
fDrcsight-whch would induce me to set aside the
experience OF forty years, and FISK the rum OF ths
country. for the sake of an HSrERINENr. To th
is all the distress OF the country attributable. Th
' has caused such powerful invasions OF Bank pa
per, like sudden and succeeding flights of birds o
G prev and passage. and the rapid disappearance o
specie at its approach. You all know that Banl
/ notes have been almost plenty as the leaves o
$ the forest in summer. But of what value ar
c they to the holder, he is compelled to pay hi
: debts in specie? and who can be expected to pa,
h his debts, when the Government has withdraw
0 the specie from circulation?
/ You have not felt the evil in its fun extent.
c is mostly in prospect, and you watching it
y approach. While YOU are cndeavoring to guar
against it, strive to prevent its future recurrence
s As YOU would hunt down with hound and horn
a the wolf who is making nightly havoc of you
r focks and herds, pursue and keep down thos
IS who would make havoc in your business and pre-
c perty bv experiments on your currency.
ir Although the country has bowed beneath tn
n pressure, do rot fear that it will be broken dow
and Frustrated in the dust Depress them as
10 NAV, the energy and industry of the people wi
D. enable them to rise again. We have for Ion
l. time carried load of bad government on on
al shoulders, and we still able to bear up unde
e it. Bat do not see that. for that reason, W
D, should be willing and eager carry it, 1 do NJ
sec why it should prevent us from wishing to lie:
n sen it much possible, if not to throw it o
D altogether. when we know that we can get alon
u 50 much easier and faster without it. While W
1 arc cxerting ourselves with renewed industry an
,e economy to recover from its blighting effects
y while We plough the land and plough the sea-
lie let hasten the return of things to their prope
l. state. by such political measures as will best a
I'd compiish the desired end. Let us inform our pu
h. lie servants Of our wishes, and pursue such
c. course as will compel them to obey us.
of In conclusion. my fellow citizens, I return VIC
N nv thanks for the patience and attention wi,
" which YOU hare listened to me, and pray the be-
3. cfi.ent Giver of all good, that he may keep We
SC under the shadow of his wing, and continue
ly bless YOU with peace and prosperity.
in '.HoRsE CHECKS" Maior Brant. of the Unite
10 States army. in imitation of the gorernmenf, a
e. vertised afew weeks since, to pay specie for nc
IT. scs, for the use of the dragons. Having co
n tracted for number, he called the Commerce
~ Agency. at St Louis. to .'shell out some Of 4
ho ..metalc currency placed in its vaults by n
= Whitney's influence. Major Anderson was n
&C to he 50 easily caught. and proffcrcd the hors
NJ dealer the ..beftcr currency" In-asmuch. no
"a ever, Major Brant'< promises topay,' were