Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-08-02

OF all the menaces which have beeu
thrown out against the Banks. and mn
admission of all that we and others
nave ever maintained on the subject,
w ; mat underpresent circumstances.
- BANKS cannot be dispensed with. ".
Whatever cause il may be traced.
even TINS gllmmering of light from n,
MIDST the Zimmerman darkness which
envelopes ''the Government must bs
welcomed by all considerable mon with
sincere and lively satisfaction.
Since writing the above. we have
received copy ofthe Message Of ca;
vernon Duncan, of Illinois, 10 the LIE.
gislature Of that State, part Of which
bears SO directly upon the Eyecutiyo
doctrines which are now success;ysIv
exploding, that we extract il. with the
single remark, that no one better / nows
than Gov. d. what were tho real AZ
signs ofthe late Administrations or het.
Ter understands the motives erits lead.
ing measures, which, being himself be.
nind the curtain, he had ample oppor.
1uhi'y to become acquainted with.
Ertrdct from Gov. Duncan's Nessacr
In my message at the opening of
the last session, it was my happiness to
congratulate you on the prosperity then
so emlnenlly enjoyed by every portion
OF our beloved country; and from nv
inmost heart did rejoice to see The in.
dustrlous citizen every where reup the
rich rewards of his labor. And alho'
even then, | was not without strona
apprehensions of mn early reverse, I
am confident no human forecast could
have anticipated so sudden calamity
as has been brought upon the country
by the action of the Federal t,overn.
ment upon its currency. At the time
the President oftho United States assn.
med the responsibility Of ordering the
pubic monies to to be removed from
Their legal deposite in the Bank of the
United States, for the purpose, ns he
avowed, of preventing the recharter of
that institution by Congress, there ne.
yer was sounier currency or more
healthy state Of things in any govern.
ment in the world. To effect ,hatgreat
object, namely, that Of DESTROYING the
United States Bank, rival institutions
were TO DO created and il will be re.
membered that Immediately after the
removal of the deposites, the Govern.
ment party commenced establishing
State Banks, while State Legislatures,
deluded by the fallacious promise of aa.
vantages to BIO derived from deposites
TO be made in these institutions, which
we're 10 be fiscal agents ofthe Govern.
ment, readily fell into tho mensure.--
AS might have been expected, hund.
reds OF new banks sprung up, their en-.
ormous issues of irredeemable papey
afforded the inducement Of universal
extravagant speculation, and gave us
what all must now regard depraved
and worthless currency.
Before tho public were aware NJ
the rum which this wild scheme nor.
tended, the Executive, and portion of
It's party, seeing their error, i, would
seem, endeavored to escape its conse~
luences by amusing the People with
the absurd and impracticable project oe
an exclusive hard money currency. -.
say absurd, for as well might The Elk.
ecutlye of The United States expect TO
compel the citizens of the Great Val
ley to abandon the uso Of steamboats,
md resume the fiat bottom and barge
n thenavlgation Gifts thousand streams
md rivers, ms TO forco them to give up
sound paper currency, at ali times
convertible into specie, with all its a.
1aptedness to the purposes Of the COM
nerce and business of the country
Before such scheme can be prosecu-
led to the results they promised, the
commerce, liberties, and
Of these United States must
,e oblicrated, and the people yield to
he stubborn will and rule Of despot.
These Experiments, as they have been
styled by their authors, may, and be.
ieve, have had their political effect
but they have also had their effect ups
ID The country, acknowledged TO be
ull of resources, distinguished for its
intelligence, its enterprise, and wonder
ul prosperity, in reducing it to almost
bankruptcy; in prostrating a.
ike its business, its energies and it's
HoNoR AMONG THIEVES. "A rentle-
,,ap uap nj tho ,hn.t.a - num.n -.