The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-08-12
VARIOUS MATTERS.

G@The "Business Convention" as it
is termed, which assembled in Philadelphia
on the 'lst instant, and which was compo-
~sed of Merchants, Manufacturers and Farm.
ers from every part of the Union, without
distinction of party, have reported their con-
viction of the cause of the existing pressure
We extract the following froma number of
resolutions adopted by this body, without
further comment:--
ResotUed, That gold and silver coin, con-
stltute the only constitutional standard for
the exchangeable value of property; and the
issuing, or continuing as general curren-
cy, Bank paper, which is not redeemable
at all times in the precious metals, is unjust
and unequal in its effects upon the people,
and subversive of the best interests of the
community.
ReSotUed, That a we'll regulated and well
guarded system of Bank credit, by which
bills at all times redeemable in gold and sill
yer, are made to supply the business wants
OF the community, constitutes one of the
peculiar characteristics of free people,
and is essentially necessary in promoting
their prosperity and happiness.
ReSOLOed, That the great object of civil
government-the promotion of the happi-
ness OF the people-cannot be obtained in
the United States, without a well regulated
system OF protection to all the great busi-
ness interests in which our citizens are en-
gagged, and that as the system of credit upon
import duties, has tendency to encourage
excessive importations, and to produce ru-
inous fluctuations i'll other branches of busi-
ness, the adoption of the system of requir-
ing cash for duties, would prevent much of
the embarrassment to which the country is
exposed, aud would be of essential impor-
lance to all the great interests of the United
States.
ReSotUed, That the importations of silks
during the last year amount to more than
twenty three millions ofdollars; the promo
ton of its growth in this country by the be-
stowment of such liberal bounties as would
secure its cultivation, would be of the high
est importance in diminishing the causes of
our foreign debt, and in promoting the
agricultural interest of every state in the
Union.
ResotUed, That the avails of the public
lands after making suitable appropriations
for education & Improvements in the States
where they are situated, ought to be ap-
piled to the promotion Of objects of public
character in the several States according to
some just ratio.
RESOLVED, That the time has arrived
when it is the imperious duty of the Con-
gress of the United States to exercise their
constitutional power of establishing uni
form system of Bankruptcy Throughout the
United States.
RESOLVED, That the citizens of the Uni
ted States are united in one common inter-
est, and the various classes and professions
are mutually dependant upon each other,
and that any effort to excite one class against
another, to divide society into factions,
would be subversive of the fundamental
principles of society, and tend to destroy
the happiness of all.
ReSoLoed, That in the conflicts of mere
psftizans, contending for the triumph Of
party success, and subecting every public
measure to the supervision of fpartysdicipline,
we discover principles subversive of person.
al independence and ruinous to the best in
terests of the Country.
Re8olUed, That the substantial blessings
which bountiful Providence is now show
ering upon the fields of our agricultural
brethren, warn us it were in the silent and
eloquent language of inspiration, to leave
the delusive maZes of speculation with
which all branches of trade have been mix
ed up, and return to the practice ofindustry
and economy, and to the enjoyment oftheir
solid rewards.
GotLder, the sooutd-be banker.-4We