Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-01-11

GOVEkkSOkS'8 ME$AAG&s
Delivered 20 hslA hoase, Of ske virklris IL.
gisis,ure, Jsasary .. ts3s
Fslicss- cSilssss eT % ssneas
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! Tho eondision Of our public affairs 10
In some respects less favorable than
could be wfshed--bht the Numerous
presidential blessings which We conii-
nue. to esjoy. demand ctr grateful ac-.
knoviedgments.
The sources Of national greatness
and ofindiyidaal wealth, fcr which oer'
country has been always remarkably.
are yet fresh and uhexhausted, the
energy and enterprise that have tlrendy
accomplished go much. afc enaSAied
and arc still slluTed y oxeTiion BIZ the
certaintSr Of success, Wills, the ineonve-
1ieHces under which The county ia-
bors, are temporary in iheit nature. and
freterable 70 causes which wise fore
cast. IL Il cannot altogether avoid, may
hrrealterdepriye 81 much Of their power
60 do mischief.
The subject which, nniappily. II this
time, IL forredOpon our attention bv lie
deranged condiion. Is the currency OF
] the country.
I The advantages On the one hand, of
an uniform and stable currency, and
the evils on The other. oE a Currency
deprecated and unstable. cannot be
easily exaggerated. The eonvic.
! ton Of this truth Is universal. The
People, and the Government Is wellas
the People, have An inappteciable stake
In what is permitted 10 pass as money.
II was. therefore, 10 be expected that
the inst appearance Of deFangement -
our monetary system, would give rise
10. earnest inquiries about the cnbaes
which have produced Il, and thafthetS
would lead 10 numerous propositions Of
smendmehii and ss Banks form pro-
minent part Of thst sys,em, add exert
. controlling influence oyeEthe euuen-
cy, II Is not rmal:eT OF surprise that the
evil by some should beimbnseai TO thsit
agency. u IS ell important 10 separate
the. accidental from the necessary re-
suits Of the banking policy, that We.
may not fall into the tertor. 81 aban-
doning institutions OF great and ac-
knowledged usefulness, Under The mis-
taken impression that they arc ihttin.
sically impoli,ie.
The opinions which bad tie honor
10 express, with much dil6denee, u q
late communication to e'CeneFal as
sembly. have been confirmed BY sbhse-
quent reflection. IL would, humhly
conceive. be attended byFuinohs saeri-
! hces, public and individual, TO abandon
suddenly the banking system as.it. he's
been established among us, oF 70 re.
slIiet Il Sueha manner Is iodenyto thu
community the facilities 10 which u
has beep accustomed. The inteFeaiof
the subject. aud the novel, and fear
dangerous tendency Of some 81 lbe
plans recently proposed in couneelion
I With the CURRENCY, viii excuse. Hthey
do not require, 4 candid, yet differ
4 ent statement sof tie conclusions
to which my own anxious enquiries
have led me.
\ IL has been more than thirty years
since banking, as now ptacttsed, was
iBeofporaied wilhlhe settled policy uf.
the Commonwealth The Bank Of
: Virginia was created in lSOt--eight
years sfefN ards, time havinR beea al
lowed to witness the good OF Eyii sen-
deRey ofthe policy; The FarmeTs' Bank
was established. SObseqaenily, the
North Western Bank and the Banks 'of
the Valley, and al later period, the
Merchsnfs and MAchanies' Bank Of
Wheeling were incorporated. In in
stapces yet moro Bumerous. arising
from tie renewal cf Rank charters
which wsIe about 20 expire. tke Ceno-
ld Assembly has BY decisive Totes
given txpfessiqa 70 The sense Of tbs
lcommanIty la favor nf the bshkinR
Pohcy. q i wise OF polite. saddenly
10 abandon policy 50 long sud foBdly
cherished, and commit me pfop6fty.
busineFs AID welfare Of the community
up0h The issue Of 50. 6niTiad expen-
menil ~ u could be sbewn that ths
resources Of private and naiionsl pros
peTii5 " obid have been better develop.
cd under a different system, iilll the
! consideration ibal ihs habits 81 ire
/ commonly are adopted 10 the EXIT
ing order ofihines and that refolslioai
therein y nsetlle public tehf-
beaee, e. E aasY0i5ablt saefia
hoes nigh sea- ~ SET on nRainsl iba
demand 10 ihegreiie psTiseilos. nui
ihsfeyefse ofihst sUpp6siiian s. bsliesS
ed % Be lfnei ADD thsi We ere "a 10
slight degree indebted 10 OR literal
system Of cfedii and exchahess ~ ths
hitherto uneStmpled growih end psos.
petty q our C5uaify
y ilhoof mech sexual es9iiai. adf
country VS. ulagoi6ceaily eaSsa59
with "a fhe elsmcnis fioa Nthh
lseaiIh might - serursfv dsri4rs.a-
u. position, ihtfsf0Fs. wss lhsi af sn
aihen 10 ahieh shs fscHiiiss ~ a e.
neiue1 cffd1 eeft uesi needed. saa
eoHld eilh tas mosf safety 81 d'sfehs-
LED. Among oihes instances 81 greet
ana pefmensnf s8e4nfe9t. nav he
mfnapDed ~ wo3ks o. inssrasi ims
pg0temsnls. tsasis. raii roads. cad
isfaplkAa Thcss mssl h6st tssa &C.
Isyfd O. q frm1fo perla6 81 gfa
&C.,. saa.1trH $500. - A..