Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-03-08

CONSISTENCY. or Justly exposing Themselves the i'm
pnintion OF change OF principle fopnion. acqut
ihem then, Of all such charges. They doubtless
think nov, the, formerly d,d OF the measure which
they Then denounced aud rejected. hut which
change al en-, umstanees now conpels them 10 sup
put But III thus acquiring them OF the charge
oi Inconsistency, they must excuse me II should
vail myself ot the fact, that their opinion ,cmans nn-
changed ~ IN argument IN ia,ot oi the blll-aganst
the substitute. The choice Is between them. They
a'c ~ The opposite scales. To take from Que Is, IN
elect to add 10 the other and any objection against
the our, - IN argument equally strong III FAVOR ot
the other. then do bva,l myself OF then mluy
powerful objections IA - against the Winch
thls substitute proposes now Ia revive call TO ny
aid, aud press lnta my service, every dcnunciaton
they the uttered, aud every argum, nj they theu
successfully Urged against IT. They, no. arc, To,
wa> then, now. niceoncably opposed 10 the mca-
snrt) changed against n, ana proved wlai VIZ chafg
ed. thai It placed the purse aud the sword ~ he
same hands that 1t would he the source oi hound.
lcss pairorage aud corruption, and iaal III us con-
sequences I" the currency oi the country; aud
nov avail myself II these aud all uhet objections,
then urged b, N a. lul orce Hnsl the suhstl-
lntc, II again i,sc IN you, places aud re
peat them HON, aud OF epufse, rs 50 many nennents,
IN effect. IN la,or OF the bill; aud on ,he,, s,rcueI
claim sotr vote III its tsor unless. Indeed sill
stronger objections can hr urged against IL say
stronger, because tnue has proved the Truth OF all
that Wis then said against the measure now proposed
10 be revived b, thl> substitute. What ihcu
plcdicton laoi,--liut whatever oblcctious
have heeu, 81 may he, uried against the bill, howe,-
strong The, ma, appear IN argument. remain
br tested by the unr1ug test al time aud cNpcucutc,
Whether thfy shall ever be realized must be atliu-
ted, even b, those who may have the elnates conf
dcn,r IL them, 10 lac Al least uncertain aud 1t Is the
pant oi wisdom aud ptrdenee, whrtr objections are
qnally strong ny INST Two measures Ia prefer that
nhich4 vel untr,ed. 10 that which has bcrn lfied and
talcd.-\ 2anSi thus conclusion there l. bu one 60
cape.
1t may b. said HAT We are sometimes compelled
III the midst ui the many cSlAurlinaf, Citcumstan-
oes IA winch "cnRN be- placed, TO prci ! that which,
OF itself The muto objectionable, To HAT wllch Is
less 50 because thc tanner ma, probably lead,
the end. 10 dcslrd result, than the latter.
To nrpl, the piiociple 10 THIS case.
Il M, be sud that the substitute thonph OF itself
objectionable, is La be- pIrirlicd because II would
nlotr probably lead to the establishment Ola Naiou-
al Eank than the bill winch YOU believe 10 be the
oul, remedy Ion all the d orders thai affect
the currency. | adum the position 10 be sound ~
principle, but 1t IL exceedingly bold and lull Of
danRer practice. aud ought never 10 be acted on,
but extreme easr~, and wlcre lhrte is ra,ional
prospect al accomplishing The object nltim tel, ann
ri At. Ihe application, N tlIs case, must iinnk,
would h, rlshu,ss ITSELF limay be safely assumed,
that the success al cuher whichever may be adopt
ed, the bill, the substitute would be fatal to the
establishment la National Bank. 1t can never put
down asueerssn measure 10 take us place; and, OF
course, thai ntIehs mo,l libel, IL tad, aud teplunge
the all the disasters al dleorl.rcd cur
..ncs, Is thal Win, would most probab, lead To ia
restolM on ol National Bauk and 10 pref the
,ubstuc or that account III fact, IN prefer II be
cause II is worst o the Two. liui are you CERTAIN
lhat anohr, cx plosion would be followed b, banL
We have Ahead, had Two; and u Is lal more proba-
bic Tia, the thir1 would impress. universally anl IN
drlIby, "a the public mud, thai there WAS soIne-
hing radic all, aud mcuably wrong III the system.
which would bio" up the who'c concern, Natlon1I
Bank and AL,
IL npIy be permitted 10 express opinion,
would say, you have pursued u course on tins sub
lect unfortunate bath ior yonrsrl,cs aud county
uu afc opposed both /" le league oil bauks, and the
sub-ireasurs. hou prefer National tdtih and re
pnd rs the onls e aud certain iegula ul the
currency, hui CONSIDER IT, Tor tr pcscul, OF the
question. and ale therefore compelled chouse be
tween the other two. by supporting the Substitute,
YOU will BE- held responsible tor all the mischief aud
disasters lhal may follow The revival OF the pct bank
s,slru as II has hrru called WITH the almost cefian
defeat OF vour tits aud cherished cloec aud those
sau opluse will reap all The beuehrs oi the power
patronage aud influence, which II mas Place th.Ir
hand, without mcuIllng any portlonni the tespan-
sIhIlI,. But that not all The success al the
substitute would be- the defeat Of the bill, whlrh
would, IN like u,annei place on YOU the rcsponsblll
Is ni lis defeat, and give those You oppose, all tie
advantage 81 having supported II >itloW any oi the
lesponslhl ny thai would haae belonged Ia II, II
bccu adopted. Had Il different course been taken
had YOU lllncd IN aiding 10 extend The custody o
die Laws the public tttruur, m lie hands oithc
Executive, where Yum own acts have placed H. aud
tor which You. oi ruuisr. are fespon,ibe, throwing
the blane At the san. time on tho'e whom YOU
attribute the present disorder, state al the
~, the burden Of the responsibility, YOU would have
siuod rrady 10 profit by events. II Tie Subrcasnl,
contrary to your autiepatiot succcrdcd u, patrot,
you would nave cause To ieJoce ~ The unpN peet'd
good. ll tailed You would have The credit oi hay
mr. ante paicd the result ; aud might then, after
double Triumph Of sasacIly aud foresight have
brought forward your idNoite measure, vii a TAN
prospect oisuccess, wIrn every ther had failed
By taking tins course, you have lost the onl,
prospect of establishing u National Bank.
Nof has your coulsc, IA my op,n,on, been ioftu-
nate lor the country. Had II BEEN different, the
ien,t question would Lave Le'n decided The call
ed session. and had il been decided then, the coun.
II, would TN, day have been in much better con
don-ai least the manuacturin. aud commercial
section to the North, where the arrangement OF the
currency Is felt the most severely. The South is
cumpudt sely III an easy condition.
Such arc the ddiiculiic hat stand ~ the way of
the substitute NJ the ,.ly tlrtshold Those beyond
vastly greater as ] shall now proceed to show
LIS OF lctt have stated, to revive the league of
Stoe Banks and the hrsI question presented Tor
consldc is, how is this I" be dunc how Is tie
league to BIZ formed J lao" stimulated INTO lie when
forned and hat. alicr II has been rcvsed. would
be lie tue character OF the league OF coniauanon
10 ans"c CT these questions NC It's pro-
visions.
1t provides that the Secretary of the Treasury
shall select ~, five specie paving banks the
fiscal agents al he Governments all to he respectable
aud substantial, and that the selection shall be
med by the oinl of the Houses. t.so pro
sldes that the, be made the H. posloles oi the pub
lie money, and that their notes shall be recevab. IN
I Al AT . Inc, nd that