Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-01-18

NFtlEIt NNr IIN|ttt 0@I-II&4 ~ - ttAIAE ~
profound peace qilh al freign nsiions,
when our exhsuslicss1es oorces we're al
ia successful operation. aed then let a,
considcr what would have been tbs
consequences fsuch an event had hap
lpened 10 critical state Of war. The
Bsnks, in such On rxigeacy. would
have held the sinews OF war. without
responsibility 10 the General Govern
meut. Managed a. they now are BY
those who use them As Instruments Of
!pFott. they would have been unable
even Il willing. 10 meet the deuiandi
Of the public necessity. Is Il reasona
bic TO suppose that ihr people ran &C.
qnicsco ia the idea Of lrslsiing the pub
lie delence 10 such coFrofalicns' Res
assured they never ~ill, and those whc
are so unfortunate a. 10 entertain ~
idea, viii find that all their attempts e
give elect 70 il are Of no avail. excep,
10 aid the party which is AJAX.
ious to defeat the Republican sill.
The truth IL. SIR. thai the separation
of Bank sad State ysasasrpaseslts IA have
been accomplished by tic Frderal Con.
shlnlion as u nov rcsds. The union oil
the lao at The close Of the revolution
was as edious as tha, az Church and
State. nn1 fuch wall now BE- fonnd 10
be the seoiinent of the great BODY oil
the American people. wheaever the
question Is fairly slbuii,ed 20 thei,
judgment.
am aware thar the eon6lence I re-
posed in the State BAaks Aen the re.
moyal oflhe dcposites " bernined
upon, 10 used 10 insiify nofonly the re-
union Of The Banks ADD the Treasury,
but also a. an argument sz ainsi the con-
sistency oi.ihose Who like Mr.. Van
Buren,, sustained that act Of my admin
iSirstior. I admit that this confidence
existed, and bad some influence on the
considerations which prompted nc 10
resort 10 ihem al that time as snbsti-
iute.for the Bank oT the United States.
When this latter institution took the
political field and avowed the insulting
right TO expend the pubiic money in
disseminating is anafhemas against
The General Govern1asnt. IL was nsiu.
raj for me 20 seek for a substitute for
such an institution in the State Banks.
These Banks were IN operation. and IL
prudently managed, could safely have
filled up the vacuum occasiouad BY The
winding up Of the United States Bank,
without producing any serious change
in the commercial business operations
OF the country. They could not at
least DO worse than the United States
Bank had done, and il was but charita.
bic 10 indulge the hope that they would
do better. Bat was this confidence
well founded, aud whose fault is il that
% was not! Let their treacheTy to !he
Government and the People answer.
Every day. that the directors of these
Banks met OF the Boards they knew
their liabilities. and their assets TO meet
them. They were repeatedly and ear
nes;ly cautioned by the Treasury De.
partmeni not 20 over-issue, their char
tcrs prohibited II; their solemn obllga-
tons 10 the Government and the poo
pie, end every principle Of moral hon.
esty forbade il. Still, in open violation
Of all obligation, they suspended specie
payments in time of profound peace,
robbed The Treasury of May, millions
Of money. and cried out Of the same
time that the Treasury was bankrupt.
Bat aware that the Administration
cannot be injured by the charge that
confidence was once reposed IN tho
State Banks, the raw-bead aud bloody
bones Of the purse and sword in the
hands of The Executive IS coniured up
for political effect. There are none
sho resort 10 this humbug. who believe
that the danger exista Which they SO
eiamoF6usly depFccate. Their only
Hisli il TO delnde The people aud Obtain
their sanction 90 the domination of
Banks and their irresponsible paper Is /.
sses. They know that Congress i
vested with The power to lay and col.
leet i9xes--iO T1ise aUnies. of which
The President is charged with the direc.
ton and with The due execution Of The
laws-ihat By law al monty appropri :
aled - speedily applied 10 the objects
Of its appropriations, and one cent can.
not be dawn from tie Treasury bat IN
pursuance Of The law and on iha war
raai Ct tho Secretary OF the Treasury.
eouniersigned by tie Treasurer ard 1T
Comprehensive. The President is
bound by solemn oath to see the laws
failhfuily executed; spd that 10 every
Congress the secretary Of she Treasury
- bound 10 make an expose of al the
disburseusnts, which Is examined BY
CongFess--thal the President Tor frilufe
uf duty Is liable 20 impearhmenf.-
Away then with this haW.head.and.
bloody. bones. II Is only q device 10
continue The usage of taxing the PEG.
pie for The beneii, Of Banks, 90 efIort
70 take the public revenue out Of ihg
hanes irresponsible to pot u into those
u irresponsible SCENTS, who viii use il
20 eoeodFage over issues Of paper mo.
uey, ani thus expose the Government
and people perpolually 70 the injuries
We are now experiencing from toe want
Of a stable currency.
ii ibe fetenuo IS received In cold
ard silver u will force the Banks b he.
Isntae specie payments keep them with.
~ Che bounds 81 just bsnkiRx pfnei.
pies give iho people q metallic euuen,