Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-08-30
MIR. LEGARE'S LETTER.

ma IN reference TO the absorbing political topic o
the day 1t may be proper for Us to say. that Will,
we do not concur in opinion with Mr. Lesarc in his
opposition To the Right of Observation-Disclosures
as we do tha,the representative IS the mere agent
'"c constituent body and bonUd consequently Ell
thcr 10 reflect ther will or 10 resign his uust ,n,c
the" handS,-"e regard his argument on the mis-
chie'e4s influence oftbe Sub. Treasury scheme up
on The interests OF the whole country aud upon the
prosperity OF the South particularly, absolutcl
lffeIutablc Not all the sophistry of Mr.. Calhoun
can eiade the folcc OF The facts aud the argument,
oil has more practical colleague, nor IS his ingenuity
adequate 10 the task OF escaping from the conclu-
SONS TO which those facts and Arguments must neces-
sarIly lead the unprecedented aud dtspJssunatc
mind. 1t may possibly be OF The effects oil Tia $
Treasury Bank for we shall continue to demon
mate IT, Notwithstanding Mr.. MeDulic has thought
proper, CT catteita, pronounce that it is desti-
tue OF all the attributes ola Bank,-to diminish the
prosperity OF the great Northern commercial me
tropols; but ii remains to lie shown tint in proper
ton rs the of her grandeur are diminished
IN volume, the tide Of Southern ACKNOWLEDGMENT
will be swollen: And We have vet seen no plausible
argument tending to verify this positon-a position
as llatefinG 10 our hopes, ii rcpugnaut TO our
reason 1t may be true, As Mr.. Lcgare asscits that
the absolute prosperity OF New ! ork may be dnlln-
shcdby this scheme, but NOT her reiatire impor-
lance. As she sinks under the bghtns Influence
OF bad laws, will Other sections of the county de
teriolate likewise.
Wherein does the reception ol Bank notes by the
Government, in payment Of It's dues give the North
an ascendancy over tie South Are there not
Banks N Charleston aud New Orleans, rs well ms in
New ofk aud Bostonl And do not then notes stand
upon an equal footing And fths be so, how, in
the name OF common SENSE, can this sectional az
gr1ndizcmcnt be the consequence OF policy which
avorS all sections alike
In what manner would the refusal of the Govern
meu to receive Bank notes operate speeialiy in IA
yor ofthe South! lin be true, as Mr. Calhoun and
his party fond of asserting, thai the South
pays INTO the federal treasury two dollars, in the
shape of revenue, for every which She draws
IN thcway of expenditure, while the Nolhd draws TWO
dollars Tor every one She pays, 1t no, clear that
The extent OF this difference, the exacIion of specie
Tor Government dues will upc,ate more prcindjcially
10 the South than to the No,th.-kcrpne up Il per
petua drain upon the Soalhern tax payer, and re-
turning hin but one hlf Of tie amount so drawn,
while the North Is kept pcrprtualy lepenished,
and is enabled absolutely 10 eIlspecic 10 the South
people. through the operation Of tins system,
by winch her people receive two dollars iar every
which /, drawn nom them ! Why, the farm sys-
ten Itself not half 50 dtrert a tax rs this upon
Southern iniustry-and believe that the amount
otthc tax dawn from us by the protective system
infinitely less than that which would result from
The establishment of This slitution-