Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-03-22

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cooparsiivsly 10 ~ sasy cooditIon.
Such are the dif6cuities that sIsoS /. ths vsv
fths sussiissts 81 The very thrssheld. These
beyeod srs vastly greater, ~ shsli sow pro-
essd 70 shov. In oejeei.as have st.lsd, q 10
revive the league Of state banks; and the 6rs,
qoestion presented for cepsiS lion ID. how !,
this 70 Be doos how is the league 10 b form.
Cd how s,imaisted Into Ne when formed ,
bod what, sftsr 10 hes bs<s revived, would b
tbs true character of The league Of coubi,.-
tioof To snswer thsss questions We must
turn to Its psosisioos.
d provides that ihs secretary Of the sreass-
81 shall select twenty Ave spseis paying bsnks.
80 The hscsi agents Of ths government. all 10
be respectable and substantial, and ihss ne
seiectioe shsii be confirmed ~ the jeiat yoss
Of the two houses ltaiso provides that they
shall be made the depositories Of Jhs public
no~ey. and that their note. shan be rsceivs-
Die In The dues OF Chs Goverunsut; aud that in
turn, for these advantages, they shall siipuiate
TO perform certain duties, and comply with
various conditions, The object OF which 10 10
give 10 the secretary ofthe trsssury fuliknow-
ledge Of their condition and buHibess, " ithrths
view 10 snPervise ind coniro, their acts % Gar
% The interest Of lha governusst 10 CONCERN
cd. In addition % these, IL contains other
and important prptisioos, which 1. shall no,
enumsrste, because they do aot fall within the
scope OF The objections thai !. propose to urge
against the measure. 49,,
Now ask, What does al ,his amodpt 10 ,
Whist bet a proposal, on The part Of tho ko-
vernment. TO enter into q eontlaet os birK in
rwnh certain seiectedstsfs banks, on ihs terms
and conditions eentslncd. Have Ge The rikht
10 make such a bargain, 10 the firss qseslion !;
and 10 thatl give DECIDED negative, which /
hope 10 place % esnsiiiutiosai grounds, that
esnnot6e shaksn. ! intesd 10 discuss ID, with
other qnesnous glowing ootof the eoaosetiea
OF The government With the banks, as n new
question. for The irst tine prs,sa,sd for con-
stdpration ard deeision. STRANGE A Hsuaav
seeuy The .qusslIo6's groNlnk Qua &c IL, a. Ioax
A. q haA sxIsted. have beSer rec been present.
% ner insestigated In refsrenee 10 iheis con.
.siiutienality. How this has hsppshed shail
-how proceed 10 explain. preparatory TO the
Iexs1,inston OF The qeesiion which 1 have
The unlone the eo.etnpsut and the banks
was never legally s0iemnized. n originated
shortly sf,sr ibs govsrnmsn, wen, into op.rs-
lion, pot IN pny legal epactnsent, but in .
short order Of the treasury de paflmest, Of no,
much more than a half dozen Of lines, % IL
y Ssre Q mere matter Of course. We thus
gIided impsrcePubiy into connection, which
was neverreeognizsd by hw tiI 1916, tif nv
memory servesJ but which has produced
more important after. eonsequsncea, add has
had greater control over The Destiny OF this
country, thah any OF the mighty questions
which have 30 often add despiy affiliated the
eodciry. Tot may b. traced, a. shsir semi.
nal principle. the vast and extraordinary az
Pensioa Of our banking system. oc excessise
import dutlcs, Unconstitutional and Pfofuss
fdlaeoraelsats. the Pro,sctive isrJff, asd is
aseoeis'sd syslem for Spending what h'thrs~
into The treasury, followed 10 tinis BIZ sasi
sYfpauss which the utmost sStrsvaSaoca d
The government could not dissipatc, and final.
Iy. by n ssrt of retribuiive justice. the expIo-
sion Of the estirsr banking system, and The pre-.
| sent Frustrated condition oflhe currency, nov
the subject Of our delibsraticn.
.How . measure, Taught ~ieh such impor-
can't eonAequenees, should ~ hrst. End for %
liohga time have escaped The aitsnijon ADD ths
Investigation OF The public, deserves passing
noilee. II 10 o-be explained BY he false con
eepiion OF the .entiEe subject Of bahhinE which
at that early period universally prevailed "a
the community. So eEroaeons was u. that
bank note Was then idsnt6sd 10 the mlod q
the pubic with gold and siIveP, and depo-
site IN bank ives regarded ~ under The NOS
t,afs. and stored e6stody thaI could be dstissd
Ehe origiasl .ippressi6a. derived fron The
bahhOf Ansterdaa'. WBsya Every hole % Ger.
ti6cale In eifchiailoa Sss hoDesiIy reprsssht.
lea ~ 'an eqod Gpd Appetite. auaniiiy OF gold
tor silver IA. bank, aud Nhefe every seposits
I was keptasz sAcsed trust, be safely Ietarhed
totbe deposition, when demanded ywss extsn6ec
TO banks Of discount, down 20 th6iime Of the
1ormsiiSn hf our goveFDusat, with but Sigh
podsheatoes- With this impression, "a u Dol
fat ell eTtEAOFdiaary that the .debosAe Of ths
revenue 10 banks feF cafe ksepinE, ana Shs 70.
leeiPt oGiheiF HOies 10 The public ducs, sbonl1
he considered y matter Of course, .fequlrinf
mo higher AslhoFity than treasasf ordST; SEQ
hence . eoDBeefion Sith eli he ifnportan
/ qaestiohs. be 0ngisg-to Il, and nov considered
Tot vast msgniluds, received 90 hgsIe- notice
| I'D public atsenti6e Was dlrseisd u Il b. IL
] Teeep4 rupture. This total sspaSstion frDui
ne system, In vhiSh ys sos bad .OcisseIsel
placed Zoe the hrsl time, sathorisss and ae
i manea hal We shall iasessigAiA. freely en-
fully. pot Only lhs CONSCIOUSNESS Of the 600
heeiiOn, hs,t 40 questions growing ..Sat OF II
] more especially those 81 eoasfisaaiassaf ek q
sseisF; apd, 9 shsii, ia 6bsdisnea TO IN, dsuspd
ITstaSa 70 the qassilon frsaa WkisA thI, dierss
i siea hes carried me 30 fer.
+ Hsfe We, thsn, tho .EiEht 90 make The bar
gain PFoposed9 Have re che right 10 hsstou
\ The btgb pgiviieees, ] mightsey, DrsrbxstIpes
On lhsm.of bsinE usa6e The depotisofiss Of ID.
gable revenue and of hAYiag their notes. re
ceiyed sDd treated - gold end silver. N N
does % the goysss@snt. end N ell ~ Gsea
nnossetioaAf Have vs. The right "a. do Il
thu N order "a bssiow souedsnes- " En-
4 bqnkb. With the visw' 90 sasbls thea 60 ~
suae sp4cFs paysensal What u iiIs flaas .
ths esssi The bapks are deeply iadslass 4
ne eountrgr sad ere unsbIt 10 piy, ssd ",
sra asksd % give them these .sdyanssgss, 4
order 10 enable thea 10 peg their dsbtas Ca
We. grapt The boom % shsWering this isspos
tsnt qustiioa, begin with the feet, liuss Oh
\ goveFqment y one - limited powers 2 D. -,
sSereise byEiEhtbsi what isspseihcally xrani
ed nor pass ssy lac ..-byt what h nstsssag,
II srt proper % carr snch pousrirso ca.ct q
Il This snail pamphlets tboldinE Il Cpl coptsin
ne Constitution. a. araats ~ poHeF are fss
epd plaini sna ! psk rsniismsh % torn 10 4
and poiut oai she power hat auihofissa us :,
I Do shat n proposed 40 - do1o, % 70 thdg
that q pass this sabstiiuie y necessary % ear
~ sny q tils grsntsd pevstn jnis eject a
psiihsf Ca ~ Shown. shat u pFo5osed ESQ
soi BE- eeasiiluiiouaIly deos, SD tiii u y sps
eieesiiy po.nisd osit, ! an warfanisd IL b
iieying fhst n caHnof be sAosa
Il Ouy fsasoa b oflsn sunfouofsd by nsu
asme. A. set. ~ ne uisfs ~ maay. ns.
nfrsfaa of ao,ibffui ronalitu fIrr~f ar,fhsrtlo