Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-10-23


~i,,cn,y ,b>a.du, Il ,i,eratluea r,lgm IN #,,,,
system, departure lrom "ldeIl las been the p,olh,
soufec OF all la" sniIrrg, Of the county, l.hr,c
be any, are too dali 10 perceive it.
Ahothef Of h'-e tgreottca facts - that IN ad.oe,.
ting second tftal ol TIE Experiment." essential
changes in tn organization OF the y >cni are pro,o
sed. 80 III Is the arrangement IL our ,nonied Al.
ftirs attributable the fan>, IT /, cltargcal. 10
then over i>suesand In tlcil connection ,,,b
the 5o,cmmcut Furnished them with tie fncan, q,
making these orer-issucs, 10 tina, extent, aud no l,
thcr, isl the system objectionable ON this score We'll.
IL is proposed 50 TO change lis character as 10
convert the banks INTO Specim depoSiories, and IN
deprive them OF rhcrgt 10 discount upon the publi,
monies. This source of danger is thus dried nm =,
the fountain heal. and the most objectionable lea
of the State BAN, eague is Topped of Al its .te,
objectionable. ony because of the srimu,n
Which furnished the Dcp.slie banks to augment
their loans, but of the desire which it excited t.,
form connection with the treasury as a source o,
profit, and which Mr. Pleasans truly describes as
the ofIhr ser,ile solicitations Of these ins,,,u
lions aud their friends the heal ofrhc Treasury De
plmcnt. This feature ofhc reor. ami Iel lca.u.
destroys much Of the force ot the oginal arguue,,
iIlSl u winch III i'dS'IlN 81 tpftlDS lettrrle,
IN the lorc.oing letter and which would we confess
be still to ext cnt, applicable to the hcne As
II Was at first pat INTO operation.
\ hnd fact forgotten by the Wig advocates of
the Sub Treasury scheme, who seem to be 50 bo,
roi-slrucA at the idea OF second trial OF the Ex
permcnt,' IS, that hostility that Experiment.
when irst adopted does not IMPLY. that, even upon
itsiaiure we should choose, preference to it, re
organzaon,aaotir experiment, which we believe 10
be ui'uiI,y worse IN apolitieaI point OF view aud
which, even in lis fiscal character, are not vor,
sure possesses any advantages It's prc,ecrs
For one, We had rather irar the N, VIC tecI
than rs TO others that we know Of Itray ben
the srabhncc ot Inconsistency orevcn OF "nllne,,,
according to Nh Cahoun.) support, after IT'S tan
lnte. an Experiment which we denounced even be.
fore IT VIZ ltir't; hnt itwoud be worse tl,n mad
uess, II instead, oftlromin9 guards around that
system, to avert similar resi- hts 4 second til of it,
we should precipItaely adopt another SCHEME which
We believe 10 be dangerous Ia the public liberties by
increasing Executive power x patronage, and ha2ar-
to the safety of the public money! wrnng by ta>a-
ton from tie sweat OF the people, brows, aud Which.
lar may Judge from the failure OF Us advocates
To demonstrate lis advantages, possesses uothns to
recommend it To the public ..yor condolences
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