Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-07-19

PEs.VSfLy.i.,I-i, ..

IN yOSEpH KIN Tx,
Governor of the said Comm onw ealth.
A PROCLAMATION.
Tho period has arrived when the series
OF misior,unes produced by tho injurious
interference Of the Nsiton.l Government
with The Currency OF tho Country 10 a.
bout To Terminate. Congress having risen
without shnciionin. The attempt 10 give
10 the Federal Executive the entire con
troll OF the National wealth, aud OF the
"holc amount OF specie IN the country,
and Tie consequent power 10 Affect aud
weld 10 ilS own purposes all the capital
and orcc.i OF the Union, aud having also
nPoscd certain saIutsry restrictions, on so
much oil tins power 10 had been alre ady
atroga'e6, II i,incumbcnt on the Common
weal.h oi Pennsylvania 10 put forth her
strength. - quickcn her dormant cner-
gee. and ~ take that stand in the trade
and commerce Of the Union which her
unbounccd resources, her vas, natural and
artificial facilities for ,l..ir development.
and the solid and encrg-tir character OF
her citizens demand: 10 depuive her Of
whish stand, all the mea.urcs Of the Ma.
,lonal Government have recently tended.
For the production Of this most dc.iTa.
bic result, tho measure Erst requisite 10.
,ha, Oh onj be put 20 eeriain open in'rlc-
ton, Of The spiiit OF the laws, which havo
been forced upon "a, by tho oveiLearing
necessities ot the times: and 10 restore
credit and the currency 10 the fam basi.
on which they stood before their late de-
rangcment was unnecessarily brought on
the people.
]. therefore. by virtue of ,ha, cnioin-
mrnt OF the Cpn.tilution which requires
the Governor OF this Safe 10 tskc c,rc
that the law, be faithfully executed. and
, Tor the purposes aforesaid. do hereby re-
/ quiTc all Banks in this Con- monwt a!th
OH or before the Thrice n;h day of August,
next ensuing the date thereof, 10 resume
and continue tho redemption Of their re.
spccliyc notes, bills and other obligations,
III gold and silver coin, according 10 the
true intent and meaning Of their charters
And, for the purpose Of aiding those in,,i-
tu.'ons ~ the Accomplishment, OF The
laudahle object, deem it proper TO state.
/ from the Information have obtained. that
their '0lVencv and general condition i.
such a. 10 cn;,;lc them 10 the confidence
Of all who hole thrir notes. their amount,
ofSnccio OF. hand bring largely increased
and ni notes ~ circulation much dimin-
i.hed. since the suspension Of specie paw
mcn,sin May. lS37.
. While II /, thu, checrfully announced
that the means Of the Banks are amjlc,
and that their conduct has been, ,hroua III
out the late irving ciisis, generally such
as 10 sustain our already high character
for punc;uali,y. honesty aud sclvencv,
maintain and even increase our trade,
keep up the valve OF property, and pre-
vent the State from becoming the theatre
ofpanic or distress. vet ! shall feel bound
IN duty to the public, TO take all tho means
IN my power 20 compel a return 10 that
agency aud responsibility 10 their cred
i,ors, for which they were created. IT,
however, return be promptly and faith.
fully made 10 that line Of duty, 10 the
laws and 10 the public from which
they have been Compelled 10 depart,
the occurrences 81 The past year viii
only be recorded in our history as
another instance Of the perfect adaptation
, Of republican institutions 10 the demands
OF every crisis. and will show thai com.
mon and overriding necessity being bow.
ed 10 by general consent become, for the
time tie law Of the land
But 10 justify such rrlc Of necessity.
and 10 prevent future evil from its unnc-
ccssory recurrence or unjust continuance.
1t IS indiSpensably requisite that the in.
siin, the pressure OF circumstances " liich
produced 1t ceases, the empire Of the ex-
press and ordinary law OF tho llnd should
DO restored. Accordingly. if on the 9th
er land return 10 ccaeral and real re-
denption in specie, and a withdrawal OF
all Illegal ps?cr money, from circulation,
do not now take place. when all admit
tina, /, may, with safety and public bene-
st. shall hold IT my duty, forthwith. 30
take all the measures 10 compel u, hich
tho Constitution and laws have placed in
my power; and a, the opening of the
next session Of the lie ;is.aturc, TO recon-
mend the passage Of such laws as NAV
more clectually guard tho future from
the evil, Of the past.
And further, for the purpose, and vir-
tue Of the enjoyment aiorc,aId, do also
hereby require all persons or bodies cor
pors'e. who may have violated The laws
Of thl, State. by the emission and circu.
Iaiion OF notes Of any denomination un.
der that OF five dollsfs, com monty called
''Shin-plaNor', TO take instant measures
Tor The full aud honest redemption OF the
same IA gold aud silver coin. or such other
ample equivalent ~ shall be satlsfacio.
~ 10 the holders thereof, under pain Of
he penalties. provided IN such cases.
which penalties u this notice be not cofnpli.
ed with IN areaAonlbls time Il Ill be tho
duty of sll God citizens 10 enforce.
should Tbs requirement Do fully and
promptly complied With, tbo Com mon.
wealth y ~ be restored 10 that sound cur.
renoy which he possesed before the su,-
pension. viz; One composed Of gold and
SILVER Tor all sums under, and Of notes IN.
Han'ly convertible into specie for all sums
of and over five dollars. The result 81
The attempt 10 improve the currency will
then ob'ipusly be, that tho only paper IS
'nei 90 circulation and not convertible
e.. ~