Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-08-07
DOMESTIC sNTELEs&ENcE.
ALETTER FROM Mn. ADAMS.

vcntasne correspondence between Nessrs VII
LIAM fcsrER and Ioas @ ApaAs. Mr.. fosrrn
requested Mr. ADAMS 10 favor the Public with his
views ON the appropriate policy OF the Government
~ -siation Ia this revenue. Mr.. ApAnss repl, Is rs
koli Tvs:
QuiSer, JuLy II, 1887.
Fsiiisn Foster, Esq. Boston:
DEAR Sra: 1aurffendly letter Of the olst ult. lis
psriaps. remained already zoo long unanswered: biit
when received IL, had expressed onnons rcspec
ting the prsseut condition al public affairs, in
answer 10 inqni1rs from some OF my constituents
efthe twelfth Congressional district, which have
sincs been Published aad which presume are 80.
explicit YOU may think they ought 10 be NJ
this time, and which will pass Tor What they ar
worth in the community.
still believe the duty Of every good citizen To
contribute, according To his ability. toward the
farming aud modifying Of public opinion: because
abe Is more than ever the queen otihe world but ior
the regulating ot my condnct, long and irving
experience has taught me two lessons, though not
slways to square my conduct by them The tirst
y. To distfus, the correctness Of my opinions
upon every thing prospective and conjeutnfal. The
sscond, never To faer myself that my oniuous will
havs any influence upon the action Of any other
human being.
Thus, IN the present condition of ON country. |
have very decided opinions upon the past differing.
perhaps. considerably from yants; certainly differ
Ing from ihose ola large majority OF the People Of
the United States. And views ol the exprdl.
cut action tor the future. might in great DEGREE de
pond upon the conclusion, Ia which have come
upon the past it is impossible that the measures
which should deem the only effective remedies fof
complaints should be acceptable 10 the ruling
power OF the country. l. u, and during great pant
of my life have been. in minority II Is the bust
ssss oil the majority 10 propose aud accomplish
measures. II Is much the practice Of m'uoitcs
expend all their energies upon devices to dcfat the
measures otthe minority The question OF rtedt and
rrong 30 lar as Nperenee GOES Is OF nse TO either
party only Tor the purpose OF making Professions.
We are now IN the midst al n national bankruptcy,
occasinned BY the Insolvency ofmnlutudes o lndYid
uals. w told thar al the banks m ID" nhcd
States have suspended s2ecie payments And what -
tho suspension of specie payments but settng the
laws OF property At dctilnec 1t The president aud
directors ol bank is4c issued milton oi bills,
promising pay five dollars To he hollrf ri each
aud every one OF them the suspension OF specie pay
meuls is. by one act, the breach ol one million OF
promises. What is this bur fraud upon every hn'-
der OF their bhts' AMI lat dIlerenre Is there be
tween the president and directors III such bank
and the skiul artist who epgftyes bank bill. l'e
simc the bill slgnelb' The president and directors,
and them the trouble OF Steung Il, by dolng y
for them The ons difference thu eau sre n tn,
two operations *, that the artist ghes evidence nl
superior skill aud superior mndcsty. II requires
more talent 10 sign anohrr mans mann, tiah onr =
own and the eeuuet!eitcr does II least his work II
the dark, while the suspendeis at specie payments
brazen il in the face Of day, and laugh At the victim
and dupcs who have put aith IA ther prom lsrs.
You ash hat Is to b. the remedy lur tins tat'
may be practicable. onr ~, that the Congress -
the Euitcd States should exercise ia prwrrs To reg
ulatc the currency; bat they must do 1hs (wluel
they viii noD without consulting b1uhs thct pre-
sdcnts. aud directors. Ihe legislatures ot Ne,
York and Virginia have already shown what the pr
siden,s aud directors OF banks wall advise. Aud tn
proposal of the president OF broken bank IN Chae,
ton, South Carolina To begin with an amendment
the Constitution granting Po"cfsto Congress, ~hle
have already been granted 10 thcn. aud ahieh the
xirey lin 1p mn lrtlp tpII
AN insult 1T once 10 understanding and up
our msiottuncs.
As little do relish ais other proposal of a geucr
convention oi broken bunk presidents aud director
to cntiPhtcH Congress with ther al,Ice; Il couver
ton OF bankrupts teach toupfcss cfentc Tor t
obligation OF contracts, anl how To make nothing hu
gold and silver tender Tor the payment al dchts
Oh all remedies for existing evil the last w1ul
resort to would be 4 spurious coin from the mint
notification.
The other remedy which believe practicable
that OF Soon-a sponge upon the account of debt,
aud crcduof--wipc oui all old scores aud begin
gain. This is the baud money system and {,
as can judge IT is the essential system of the pr
sent Admiui,traIion-,t IA 10 ottach the Cavern mel
from all Banking aud deal IN nothiug but the pr
cious metals. II Mr Van Buren, ~ made OF sun
so through with this operation, | wlsh him we'll OF
OF II. but he Will want other co-upcrators than Il
Legislatures Of New otk aud Virginia /; aud otl
er advisers than presidents directors of hrok,
banks. or land johbeIs upon loans from drposi
banks.
think ofthis rs thought Of the Dir, dock, gur
boat restrictive antl-navy system OF Mr.. Jefferson.
cost the nation terrible war to be drh,crdh OF tina
but the nation was eectually cured ~ its h>droph
bIa. The wal drastic purge. but ii elIeetnal
worked its curs. fcat That our present bankrupt
will need still more violent course Of altelatnc
but the cure will come when the People arc prepar,
10 reccNeit. They certainly not So now-iI,
VIII most probably not be so durn. the remnant
my term OF life, hope you Will liyeto witness Al
enjoy the conyalesceuce.
Forgive the freedom with which | have answer,
your letter, and believe me to be- wiih great resi- &C
your friend aud servant. j. q. ADAMS.
The Tennessee papers contain the result OF an e.
animation made by Governor Cannon, General Ara
strong, Ii. NJ Rulledgc, and Thomas Crutchcr, ES1
four oil tho most respectable and intelligent Cililc
ot Nashville INTO the affairs OF the Bank of eatma
Woods ~ Co., which stopped paymenta short nm
ago. Ine exhibit shows that the liabilities OF Il
bank, on the first oijuly, we've S5jl 632 =, aud
means, including the private OF the partners
mounted to S2,O0S.79i, leaving surplus III favor
the Bank OF 81 ,254,l5l %.
Commodore Barron il his answer the addtc
Oi ths otLe NJ this station says: " do not ulye
TO the causes my resignation, butt cannot lorbc
to say that wish they different from what the
really are 1t is said that they refer 10 din
culties as to rank, originating IN the appointment
junior officer OF the Navy Board
Phi. Nat. Ga.
Gen. Eustis. of the United States Amy is on
visit TO Quebec. lie was received with disllupuishe
honors by the military authorities of that CITY. :
John Colbourn the commander OF the forces hea
ing of his arrival bestowed on him. as he has G
other occasions TO the oftirers of army aud n,,