Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-11-02

4
throughout the cOOntry. The responsibility
oi tue sub- Fra s>Grer viii be consequently
greatly Increased, aud TIE GostrGu.L At ~ al
remain bound 10 gu-rsuty tho tsdcn,ytDn OF
| az the drafts, chrSSS, Or notes (whateser IN y
DC Their denornination) emitted upon the faith
VI Toe money IA bs custody. snd Of eeurse.
"iii Oe subject To tbe bszsrd VI lLe loss oi The
amount 81 specie in the hsnds 81 the sub
IIessa"r. d. " the CONNIE Desaie VI thts
4 system the h.,Iders 81 tins f;Orernment o. per
shalt ne required to present a f,r psy mca, ga
coin. whnin = specified i,.,-. Il viii nc iUund
y 'neOn'ehse"t Or fnptsetic1uie 10 ebfurre the
.ssir'ri,on. .Dd Al vii TO ultiuh-tely stsI-
jvotd
10 tho Senate prrps,ed 10 consent 10 place
not voiy all tie spesSS ia q may De collected
iOr the rc'eius Vt tie country. al IN. will ot
The Pi-sri, nj. 10 which "a the same ihiag, Ia
The custody "f person, sciits IA obedience To
hs "ni. but put ban ut TIRE head of The most
Po"erfui a1t iliieutaf ~ stem VI Govern
nieit banks that ever exiSiedP
| u ~ sAid, m the Message, that Government
|" not 6"und 20 supi''y the cout'try Nth abe
! exchanges which ate necessary ~ the tr4-s-
action al. u. Ln>n-ss. Bot Was that the
language hefJ duTIu: the pcn,rrs> of the cop
test ~',h the isie Es.G ol'lhe United States
Wa, not the cN,.eo's ;iUn held out O. tha y, ~
pc that they would D. supplied ~Itb a better
c'.rteney, anj better iyg'nvtcJ ex.hlBg, -
! AHd did mol boz. The iI,e Ptrspieut 1nd tie
secretary Of tie Treasury dwell, with par
a4sr s1'i,iarIiin, b. ssv,tal m-sss,,rs aud
reports. Vpoa the .i,.. .r,N nent OF the curIsn-
~, ue stS1ier-sn-SLnt IVA exchange, and ths
reduction Ofihe raus, u..Jer the o.,sraliou vf
Ito state bank, system, than existed under the
S'"A oi tie United stated lnslead IL fulli-
/ mug tie proposes thea held out the Gosero-
ineht NJ" 1r1ps t,e!i up iil ITS di,n.ly- ellis
uAe ecyple thai they expect tSSp much Of 70,
that IL - not lis business ~ furnish eAchapges
| apd thsLlhs, may look u kucopc Tor Ihe una ~
her 10 which, through the ags ocy Of private
| OahAers, the cO.Enlerre and business Of a.,
countries are supP'isd with exchange. We
arc ADVISED TO give uPnur American mods vi
lFAns'eIlos business. through tie ip,tTua.en-
tally OF banking corporations, ia which Ito
ntoFeAe % tie rich aud the poor are happily
| tisLded. aud 10 Ss;abiish bankers sin,Iisr Ia
/ iIe hopes, me S1fIsss, tho RothscLi;ds, the
tiOtinSurrs, ~ EC.Sy 20, houses which I.qairs
years "a sseSto form sId Ia Iut ia succes-f,L
loperai.on. and whore vast over:roNn ai,ital..
pusssssed by the rich exclusively of tie poor.
control lie destiny Of nAtIOns sDd deIerailIr
IA. late Of empire!
Having, tliak, Nc. President, shown that
the pr Jeel % tie Administration J. neither de-
sirablo, nor practIca able, nor within the cup-
shtutional power Uf tie general 6ovcu,meat.
nor jest; aud that a. Ia contrary 10 the ha1hs
u The People oT the United stIISs, aud y
| dangerous 10 theIr .iISerucS, . misht here
close my remarks; bull conceive IL - os tho
duty % q fntI'.t.c opPesition ne to cou6ne
Hsei merely ~ urging Cblert.or, against
"eAsdres IL promote the general prosperity
brought forward W thUse IA power. il Ia,
ll.E.l.rF nd lts.ft..r Astta.. ~
| may DC circumstances IA "GIch the opposiI,,I,
is 6ousd formally ~ present such measure,
a., Ia ats judgment, are demanded by the exi-
gency OF the Tunes, but if AZ has Just rrason
to believe that they ~OuId be unau ce pta5Ie 10
'hOse who ALONE can adopt them. AID give
ihem excel, The opposition wnl discharge us
dIiy 10y suggesting What At beiisyys ought t.
&C done los tbs public good
] know, SiS, that I have irieuds whose par
Laliiy las IRdlced them ~ hope tl,at WOULD
pe aOie ~ bring forward some healing n,ea-
sure for tts disoTdstS winch ubhar piiy pre-
'Ail, thSi nlsht prove acceptable, I wish 10
God that could realize this hope; but 1
cAnnoi. The dIsease IL Of such An ALARMING
character AZ To require more Sknl ihaa pos
sessi aud regret to be eompele 10 fear a. at
lheie II 10 cGectuaI reHAesy but that which Is
ia the hands VI the sufIs ring patient himself.
Sill. under a deep sense uf The Obligation
TO Shicti have referred, Z declare thai, alter
the most delIborale Rod anxiOu, eonsidcra-
tom OF which an capable, can CONCEIVE Of
no adeqnatc remedy which does not 'compGe-
ftehd q NaiIoDas Bank IS an essential part -
IL appears 10 me that q National Bank with
such notifications as experience has pointed
cut, aud particularly such as " Ould lisnit lis
prohss, exclude fore .gn Influence IN tho go
'ern'nent Of It. and gave PUbiicily 90 is trans
ac'N'os. Is the only safe aud certain remedy
HAT can be adopted. The great want og the
country is general and uiiorm ourIency.
aud poI.t VI Union.. q aeniIBsI. regulator
OF Tho issues oi tie local bsn~>; and liiaI
would be Suppiiru 10y such an Iust,tui.on
sm iot SONG now 10 discuss, ., an origt-
mas sues ion. tLr eobsiiiutIUniIi power VI fon.
sress 10 establish National Bsbk Iu humm,
I affairs ihsTe are some questions. and ihu6k
THIS - Que, that ought - he held ~ teTn,ina.
ted Ftom severed dect-ioi,s of Congress az.
hrning Tie power. the Concurrence Of every
oiAer department. Uf the Govetnin-bt. tl,e ai-
prUbIV,oU Of me people. the core 0rreuet. Of
both u'e great parties into Which Ihc. couutTS
has been divided. and forty years Of prospe r.
Gus experience With such u back appear 10
the % settle tie controversy. IL any contrib
very - eVrrio be settled. INAenty-tw year.
ago AR Madison. whose opposition 10 lhe
bret BInk Of tho United States Is well kno. @.
IA message ~ Congress said:
"tta'sing u, question Of the constitutional
aHiiFority ofthe Legislature 10 establish az
'ucnrp orned'babk, ~ being pIecLnbed, w my
Tisisent. BY rcpesied reeosniiions, under
VARIED cTcnm. t@bces, of tie Validity oil such
al institution. ~ asts Of Iue legislative. sxee-
uiiVe, and Judicial brsDchss 9f the Goyern-
ms"t, accompanied by indicsiiofs. 10 different
'R"'ies, Of e'irrespoLdsnce e TIE general
MI oi TO nation, the proposed hack doe.
rol appear To loo calculated TO answer ibe
phrpo'os-oI revising the pub,E credit Of pro
v''''fg national medium of citculatiUn, and
Of sii,ng the Treasury by fscii,tsiing tie ~.
dspuasasis aGtIcipstioBS % tsVeUUe. sfd D.,
sh"tdmg tn the Pubic morc durable bans -
10 su toe considerations upon which b.
tHen frnrd. 90 treating Il ~ setlled uues-
ltIh, sfe how - be added tWo distinct and
distant subsequent expressions of tie ds;ii.e-
rate oPirioB % Republican Congress. tEa
solemn dsei-i0hs Of the Supreme Couit n
Tie Cnaed States twenty Sesft q successful
experience. ard DISASTROUS consequences
qncA'y following TIE aiscouiiuuaBce u tie
bank
| have been present. 80 msmbsr q Con
Ere-t, 90 ihe TERMINATION of tie charters ii
"