Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-09-03


any participation in its concerns. as likely to give
more general satisfaction. at
Washington Madison, Marshall and Monroe, all
! believed n Bank to be Constitutional. General
Jackson hlms6l. Mr.. Fan Buren,, Mr.. Benton. Mr..
Grnidg, hare oil bcen petitioners for the establish
ment ol branches Of The late National Bank. in their
respective States Would they have askc them 70
be placed al their doors, If they were dangerous
aud Unconstitutional it has betn twice charter
cd, and has existed alto for period Of 40 wears
lts eonsiitntonaliy has been sruled by the high
es Judicial ttibnnaslt has been sanctioned again
by the will of the People expressed through their
kepioscnaii, aud the great length OF time that
most OF these decisions have been ncquiescci IN, u
would seem should forever settle the Constitutional
question II there Is no, at some time to be an end
II all doubt upon these subjcctslf every year
Interpretation may be gwen 10 the Constnon,--
The property of men - never safe, and the nstitn
lions ct oui COUNT" are never secure. am. how
eyer, II favour oi Il National Bank. because l have
ever been satisfied both OF ia coustuuoualny and
expedieney.--an ayowal which know many con
sdei Il dangerous Tor GapdIdatc IN these times 10
ntel--sei such are my opinions.
Congress, under The Constitution, can exercise
eeltalo powers, which expressly enumerated By
nanle, az we'll as powers necessary and proper"
10 carr, into effect the granted powers thus named
II has the simple grant of power to establish Post
ohees and Posl Roads, under which il alsc. rs " ne
cessatN aud proper" 10 carry it into effect makes
contracts IN carrying tho mlls,-npponts its thou
sands ol Post Masters laws, extending even
III lie aud limb for robbcr committed upon
il-esiabll.hes Express Mails--buys mail ags aud
mnll 10, ks--reP olales the time ot arrival and dc
parule 81 the mails. aud assumes to tell the pcoplc'
IN Whit outrene, they shall pay for their lccrs-ar
points agcnls inspect the Offices; and mary other
powers connected with II. dors exercise, dt n'tdef
The Simple authority 10 establish Post. Ofi:es and
Post kpd1S.'-Llke the above, II has power also
" In coin money. 10 regulate the value thereof aud
oi FOREIGN eon." II has then entire power over the
com aud eanagr, over the Post Office Der srment.
\ Bank | CONSIDER rs necessary and proper to
carry into effect this power. 1t is one of is Incl
dtnts-It prevents III excessive issue of STATE Bank
papef which, by lis abundance, drives the coin from
tie country ewes TO the rojn a stardarl value.
Which - oiten lar above its actual worth y, corsc-
qneuee ot the unequal value of The II different
State Banks BY bringing INFO circulation its own
notes. Which are OF cqna value with CON- il prevents
tic AZ ehnnlaion oil II II The hands OF levitt dis
tributes II among the people more equally for when
gold aud silver are Mt bigh premium (as is often
'he case, i1om tie hlohled and nnccrH1 CONDITION
:" State bahHs, whose paper 's'pe'ow l"r value YET
l9lhthe 4 IN greater part OF tue c16cncyl II
must necessarily iid lis way mo me n'h"s "hiy ~
ieose VII are able 10 noy IL. ny sfulng' asH
DOES mo the lands Of a'e" efoSers! snayers sp"cu
l1this ana ihohea men, VINO sen !" H'''s 10 ans"ef
'he yer, purposes when Tue CONSTITUTION uosgpeu
4 lew b, an instrument tl' "eu ny ,nc tons''uto"
'sei, iptouSh lhe very means "iur"ru ny we 'on-
shlntion. are Tins enabled 10 SPccuiat' upon the
9l''ihs' iliei' III advantage 70 'nc P' tue, " uos'
a1I = ep'fF re alat' a. 'ciu'' tend 10 Ue gene
III disadvantages. These eflIs we AIi ste sHce tho
chabf ol The undea states BANK mas expired
Ion, baoyc theft Wrle fewer state b'nhs' FEWER OF
lhoae mushroom lhsiltnlloh'' cnsmG 'hcf unlod
milleha al paper money among Tue p'"he' fri-
Nons 10 liIls, hut IL" wee iad nho WINE mo
balance wheel al this great cohmeIc'" ma'hiuefy
WAS moving on III It's accustomed course all Tue
llnpl parts moved IN harmony WIN H.
congress has lo"ei ~ le-"'''c con nc CO. hot
nnA between the United STATES ana foreign powers
nut also ef'"teh Tie diiitteht 9a'es themselves
Is necessary, then' 10 give h'o'''N 10 C'mnlefcia,
oFeiaons, and To protect the interests OF trade, and
the eieat sources 81 The nations wealth In fegu-
Eating tfade between tie dhefeLt safes by giving
rs = currency ni Uniform value II eu"ses the south
cru m reliant to buy hls goods ~ New ioik nt
clsc0 here al stanGa.i value instead oi being SUB
jeeted To discount OF ., ~ or ~ per cent on ms
Southern Bank notes, which OF course, as he cannot
ALOUD Ia lose, lie adds on the pHte OF ms goous
and II finally comes ont OF inc buyers IN tit,
counuy,-ihe planters, farmers. mechanics and an
the consu ners ii them This operation, too"oudoc
distinctly seen II II formed separate item IN each OH
instead OF being attached IN small portions TO each
charge, as II IS ltls "necess'ry ana proper u"
enable the tobacco manufacturer "hen ne thTies
the plnhnce of his lahour TO tue South, TO feccNe
from those to whom he sells, " to pay TO lho'e rom
whom he has bought as well ms the hands ~ employs
al home. IN a currency which is known, understood
unliotm IN lts character and which requires no
shaving process 10 make 1t acceptable II Is ne
eessaly and proper" TO enable the planter or the
farmer Who goes 10 the South the west or e'se
where, 10 settle himself, 10 f.a'lHe mere "Hch nc