Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-01-08

hfinness every pr ojec which in rendering the Gan
'''h Government independent of the people aud the
States, shall strengthen The arm of Federal power,
ana winch, by leading In multiplication of executive
olheeis aud by giving 10 the executive hrad' direct
coh'iol over the public money, shall augment the
PATRONAGE aud add 10 the already formidable milu.
ehce oil that branch Of the Government The mea-
recently proposed III the national councils. be
lore alluded 10, force these considerations the NJ,
tenon OF every rejecting patriot aud they will
doubtless be weighed by the General Assembly with
all the d"llber,lon and solemnily due to the oeea-
slon.
The approaching expiration of the charters of the
existing hanks Will present an early occasion for
me REVISION aud improvement ol oui Banking syscm,
The detects, which experience may have disclosed.
will, Il t. be hoped be icnrdlrd, and sccuri-
ties provided against the dangers aud cNeessrs to
whiela is occasionally liable bui IN The present al
faneed stage oi commerce aud civilization, consider
M the vast and increasing amount Of exchanges to
winch the extraordinary Developments OF inedrrn
inans ~ And enterprise hive given llse, aud eoalrlS
tug ihetewuh the limited supply OF the prrcinu,
metals IN the world, the idea oi n onhlne con
'ohhona' medium OF circulation, and returning 10
exclusive metallic currency. must he regarded as
altogether behind the plosfr,s of the aye. Least of
all Ia 1t adapted I" ne" aud growing couatfy like
outs where credit and anticipated capital have 1lrca
dN achieved such wonderful improvements, and
wltele SO much get tcAnans be effected hv hcir
/ necessary N J.
had hoped 10 be cnaLrd TO counnncalc In The
General NssembI, the intelligence that all the pin
cpal Banks IN the Union had agreed sn u daN 10 com
,nenec rcdrcmlng their notes IL specie, aud lament
thai cannot convey that desirable information. |
understand, however. the prospect oil commencing
at no very distant day, * favorable aud iat the banks
III ON own State have been and are nov read, 10 fix
oh an early day that they should do so, greatly to
be desired but however ANXIOUS We may feel ON the
subject, II Is our duty 10 act Ia render the ope
ration as te distressing as possible, aud avoid every
thing which tend unne, csssaily 10 disturb pub.
lie confidence. II will be seen nom the last return of
the Bank Of Virginia. made til. l., Of November,
ls33 that her liabilities for notes IN ire ulat,on debt,
ana dtP"s'os amounted 10 the SUM oi 3d. a5o p,
"oo ns means, exclusive I'd hcrStoth, aid'Ne'ndlng
hei real rS'ate 10 inert lhlblll'cs 10 To,393o2h 3o
- ne hhe liabilities OF tho / atmeis Bank oi II
S'n,' ii 'he same period amnunirdto 81 l1775l ~,
'p s ''os III IKE hlanh'i' inclusive OF lis stock,
n' eN'',"hs It's fral estate, wsir rb,iJ7 ,5ab o.
,, '"'i'o' u 'i' o''''' o''hs ~ ,ne '"l'''h
I - ''' Nv 'H' s'e"ic ''c hp'oei' I'll iio''A
,r, w. r '.''',. " ''o"'s'
''I''' ~ '''' p'eon" A"d'lof On inc stala o
n' ''' me '"""'llon ., 'ie Nm
ll I' "',' w '' 'e'o'r You E" "ol W"
2 80 -, - " ''', ''' '"'N'ne y u'' se''
| ,,.,, y, i,t o'ss '"t"''us III,
- !, ,,ll =, ,, ,, ''h''', b''''', lug ''''
] I'' '" ''' 'o'nuN' wa" ''i' S"'JHc II AZ
| .ia s'"''' ",'s'''"" ~ '''''os ="
"'' ,l'''' We we" ~ '"',' II non, '"e's M
| , " 49,, "S ' - >, '''''e "''' "o' VI '"c
''''' VI '''c' ""'e' !" ''' ateh ""'N' hah"
iiii Is now the position we occupy. In other
f""htfirs' not posNc'red Of our ample means thct
governments 1--we provided Ion the education oi thcr
ehlie population. lhis Il the CHS. IL Prussia,
ana several oihef OF the Germ'u States. New \ ork
u,s hef system III lnIl operation, and Is doug we'll
WY, 'o" n'r To a'L, ha't "t tllcd 10 make pfoll-
80" lo' Il general system al common schools II II
~" ihs irh',lion maj while one ct nht ian
"'"en''' chhpii declares nat all power ~ vested
"a ana consequently derived FROM the people, ihrrr
'nona DO thousands OF TIM trly people incapable nl
"''' ''"oh5 vi "t'l'hs et suth II tue huhiiiat
'"s'
was certainty most pta'""orh, N the General
Ns'p! '''' originated II, 10 PfoJ'o, the plan pi"
w. w. WE ,'' "''" u ','' p'o'' "' Po'''on OF
w " '''' ' 'Fl''e' ~ '',''' ''".'''"" 'o' 'h'
49, ~ 'S w ~ ',, VI 2ei'''"'c'' '2''' {"
~ '3''''' %. w - INV ''"iP MN can De PRIV
'"o 'iP''c" W il' 'l2le obJ"ct' " nat V!eh oasD'
~ u 'o"' wit" '' increasing revenue al l''l lnnh
! he 91o,''oh' ""''o'. submit may DC promptly
'"a satisfactorily answered. APllY me surplus to
'nc onp""''eih OF common schools hlon2honlil'
""e'e ''''' 10, 'h' e"nc'l"h :" me eh"'o" nl me
S'''' D"' % 'n' Pe"I'e anu 81 al 'aaH's' lh'se
N'"eois nav oren very appropriately called ur acH-
c''''S '''" 'o'Er' ~ ne P'"plt. hy thde"lhG
W." ti"'',''n1 ''h'' 'NeiS et'%'h II io'Iuod III ms
"'g'op''l'"'' OF IL ms aoo, VAN stlio"' lo the ell
uca,"p OF ms 1iidirh-a seh"" where 10 II elles oI
'olieH may be educated, To whom, IL few Years,
'''e "es''"cN "' me country are to he committed.
"'tY " "'' h,o1' ic'i'elahe tluHen'' ana nj
=" III '''"N' "ho "n''t oa' PubHc cnucl'-, blamed
''' 1T" "''ln INC nUls o' a college, bul
'" 'e''o"'" ~ hoeh h"nlbel pfe'rusois men means
pelh2 ''ildfe to the expenses oi college, they
ac1nlcd IL tue common schools the elements oil so
NJ edhl'"h' ann ny TIER subsequent well directed
rhofs' nave monty 1u''hea themselves Tor all Tie
III IL IL Il