Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-11-16

cause would So dimia,sh the revenue
that the receipts into the Treasury
would not bss s1lICIcnt ~ defray the
expenses of Government, aud as ques-
hSas were also expected to sIise re-
spcciiag the October insialment Of the
depO,iie to thc States, and doubling
whether Government would be able 10
pay rs creditors in specie. or its eQui-
Na.eEt, according 10 lav he fell II TO be
a's duty In CAL ConsTc.s together
These are the reasons tor calling Con-
gees. They aie all the rcasons: and
they oil have cXclu.,yc regard 10 the
Government isc!f.
Ia tie neat rl,cc. let us sec WIN,
measures tac Message recommends to
Congress. La us own language. the
oGecis demaGGIa. its attention arc
ITO rcsI'sts. hy law. tie sah, -krrr,,..
'Taha'er. snd di,otirs, n,rLi IT the pt.h!is mo-.
"eI>i ~ designate the f,Ind. 10 b. received
ahd pad ~ th1 Government. "a .usb a. the
treasury u meet promptly every detna Il
70 n n; To prescribe tho ierni, Of india. -.c,.
aDd the u.uje uf .clI., iasnI % &c alu,i.i. -
Vel H. coiivci,r.; from ipdnLuli> tie ru,r-
tue 'a"t as accrued. - "a withdrawing Al
IRON fOf'ats dsgc.iorics
These aie al iSe objects recon
rended particularly to NE care o. Con.
sieSS; aEd the cuumei alton OF thea, -
followed by general suggestion ,ha,
Congress viii adopt such farther r4rn.
Suies Is ~ ay promote the prosperity al
the county. Tits whole enumeration.
II Is obViou5. u confined to the wants
and coayenieaAe Of the Governmental
seli.
And now, sir. let Qs see on VIA,
grounds IT Is that the Message ref,a,ns
nom accommodating measures Of gene.
raj relief. The President ssys:
III was act designed by the Consultation
Tat Lac Government should assu.ae lie mar
aEehenl 81 d1mesuc or foreign exchange IL
~ indeed, authorized 10 regulate. Il, law the
commerce bet. cen Tie states. s,l T. nroy.4.
s'1erai Standard IT value ar medium Of .S-
change Ia soli ard silver; BOT 1t ., i,ct Il, pro-
nee 'o All individuals ~ transfer cf thei:
'-ais, o'"Sr"ise than through the facifii e.,
Afforded by tie Post Office Department. \.
JnsV! misht It De called "a to pro, ile ior la.
'rsi sp"Ti-iion of U.U.r nerehlnLlse."
And again:
-, therefore. refrain from su-res'ia. q
congress any specific pian Tor reru,.iin, q.
exchanges OF the country. rciirVir. negrau-
no cmharfasSG.enis, or interfering watt TIA,
ordinary OPERATIONS of foreign or d,ne.t,,
eo'gMrr,c, II /, from a convection t,.t such
treasures sfs HI wdain tie cc7.titytiao,l
province Oiihe Ge.-rsl Go,ornneut. and "a Il
'hcIr adoption would not prou-te the real
ana permanent welfare OF those they mn Ii be
!,s':nel 10 aid"
The frc'lient. then, sir. declines 10
fccom"eni anY measure for the relief
oi commerce, 10. the restoration oI the
currency, or for the benefit o. exchan.
ge', on the aNowed ground. that. in hi,
opllion, such measures are not within
Tie constitutional power OF Congress.
lie - distinct aud explicit, and so far
entl'ied to credit. He denies broadly
and tatly. that there 10 any authority
IN tins Goyernncn To regulate lie
currency and the exchanges. hcyoud
the care Of the coin. The question.
then, IS fairly stated. II cannot be
misunderstood; and We are now 10 sec
how Congress, and, what i, much mere
important, how the Country will settle
II.
MIR. President, il, in NJ " last, when
specie payments were suspended The
president Of one Of the banks had call.
cd his council of directors 20, Their. in
formed them that their affairs were
threatened with danger, that they could
not collect their debts in specie. and
might not be able to pay ;heir cfedi.
tors IN srecie, and recommended such
measures as lie thought their interest
required, his policy, IN all this, would
have been no more exclusively confn.
Ell 10 the interest Of bis corporation than
the policy Of the Message IS confined
10 the Interests OF this great corporation
OF Government. Both in practice
therefore. and on principle, ~ reality.
add asoTedly, the Administration
aoandons ihe oaUency % its fate. j.
suricnjerS all care over IL. decline. oil
concern about 1t. and denies lAa,i, has
any duty connected with ~.
SIR, tie question then comes 20 br
Tins S!a!! one z! The great powers Of
Tie Constitution. 4 power essential io
H. ca any Just plan ar theory ct Go.
veFnme0i. power which has brearx.
erc'.ed i'om tie beginning. a pourl
absolutely necessary aud indi .pcnsiA.c
TO The proper regulation III. The CON.
meicc Of thc coun'v. o. n1w surirn.
dcTtd and abandoned forever. r. ,b..
point "e have cone, sir, alter pursuinc.
the experiment. Of the late Adia,ni,.
ration for five years. And from TIA.
poi.i, AN persuaded, the country w,l,
move. auI move strongly, in one d..
reChJn or another. We Shall either On
over 20 the gentleman from Missouri
and suffer han 20 embrace Us in b.,
gold and silver arms, and hog usto M,
haii money breast: Or wc .ha.l return
10 The long lried well approved. aud
constitutional practice Of the Govern.
mcut.
rs 60 the employment Of ihe State
Banks. tor tho purpose Of maintlin,p,
'be currency. aud carrying on Tie orc.
raiiou5 Of exchange, / ceriainly never
hal any confidence IN that system, aad
have none now.