Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1838-04-27

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iaster than it comes in.
pus will be kept 10 cir,
lahjtual character viii
with gold and silver
: to be found anywhere
vious project Of papcr
,rmity, | should not
or il.
llr. | have suggested |
Which it would form,
practicable. between
money power.
erce of the country.
state Of law, would
h sort Of incident to
rather n collateral
,vennc system, than
Cortant branch Of tho
ave referred also, to
enccs, upon that which
rds as so great an evil.
inmates "the ccntralIZa.
action"
YOU to consider, Mr..
next place, what an
nee this would be to
my 10 the expenses Of
rh the gentleman has so
Released from all ncces.
and from the consequent
y The people; not called
at all, the amount of annual
Ing an authority TO cause
les whenever it pIeasos,
les, Ike which the ropulous North
er from her frozen oins, to pass
The Danan; )"
hrablc restraint would be imposed
Prnment, how doubly sure would
ce be made for il, that all lis cx-
|ures would be strictly limited to the
'utc and Indispensable wants Of the
Tic service
(But cir, fortunately, very fortunately, q
cheme SO wlld and which would be sc
is totally impractlcabe. |,
rests on an assumption. for which there i,
not the least foundation, either in reason
or experience. II takes for granted thai
which the history Of every Commercial
state reiu'es, and our own. especially, il
almost every page. 1t supposes that IRE
deemabIe Government paper can circuat,
IN The business Of society, and be kept u
par. This Is an imposs bilty. The hon
orab'e gentleman rejects convertible banl
notes, which are equivalent 10 specie. sine,
they VIII always command II. and adopts
IN their stead Government paper, with u
promise TO pay, bu' a promise only to b,
received for debts and taxes; and he pu,
:orth the imagination, as | have SAID, :,
often and so long rcfulcd, that this pape
viii be kept IN circulation in the country
and will be able TO perform the great bust
ness Of currency and exchange, eve,
though It exist in quantities exceeding, b.
many millions the demands of Governments
1T II be necessary, sir, at this day, 4
re'u'e IDEAS like these, i. must BE- becaus
the history of all countries, our own lnclu
ded, is dead letter to us. Even at lh
very moment in Which am speaking. ih
small amount Of Treasury notes which ha
been issued by Government. hardly n fiji
part Of the ordinary annual revenne-
though those notes bear an interest of fiv
per cent-'hough they are redecmabe i
cash at the expiration Of the vear-an
1hourh in thn mann Tina ,Lor 49,, 49,.
whcTn ,ecoiyod n Cnno,, a", u,o e'c'
ma, on,y n Ics, n,,no , I,n''s"' u''s. ii
less valuo olso ,ho, tho ro,as - r'a
snocie rnyio,r hn,l,,. ,bos, hna.,. n,''
noncr is doIlv dennn,ooI ~ ..,ar, chr,
rogs.n In NV oninion cir ,ho mha,
scbono ,s ne yisiono,r o,I Wv ""p,
&c INV wh;ch Tho nonirs ~ ,mp p; "s''o"".
nroducod.
M p,os;1o,, ,,.1 IT, 49,, -.
epecch Of Srn,embcr I find n,rorr W -" I;
which sovoral o,Lo, ,nh;no,o ap" !
toretbpr and wLinh I ,rs, .st. no,,,;.',o
TO rood '"'''''0
H,y;,c oowor1oJ,h, -, 80, L.,
boorinc n ,ho Hula c,a'o .;.l, '"' wv,
which no sovs !, ;s his n,;da =, "'h h. po' ,,r,
her thrnnrhHn, ,ho ouon p'r'p :" " WV"