Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-03-29
NO. 8.

u Wv kNNNH W INC NaElkNs HNNf fffNAtN
! on the borss OF some II the Western
banks, usually called dcrosites. were.
already greatly beyond their imme-
date means ot payment and were ra-
ridb inor,as'ng. Indccd. each spec
ulaiion furnished means Tor another;
for 10 sooner had one individual or
company paid in the notes, than they
were INN. edia,ely lent 20 another for
like purpose and the banks were
extending their business and lheiris-
sues 10 largely a. 20 alarm considcrate
ren. and render /, doubtful whether
ftts, tank orsa,is, II p,rr7iifed 10 dc-
cunEfitS, v'Ould ultimately Ic ~ The
icfsi raius f. f!c GortrHmtai. The
spihi Of expansion and speculation
wa notcorfncl 20 the lcposiie banks.
bat pefIatcd the whole multitude Of
banks throughout, The Union, and vas
giving ii,e 90 new institutions 10 az
gravate tie evil.
Thr safety ot.the public funds, and
the interest e tie People generally.
required that these operations should
he checked and u became the duty
Of cVsry branch - the General aud
state GoyeUu ents 10 adopt al lcgiu-
mate sad proper mcars 20 produce
! that s,'utlsy effect Under tins view
VI w dviy. | directed the issuing Of
the O.GeL vL,cl Hili be laid before
lou ~ tie Secretary the Treasury,
requiring pay The rollic lands
sold to te made IN =Iccic, with IN cX-
oep,i.n dn:I tie l1th Of tie present
month IN favor u actual settlers. Ihi,
P.cisure has produced many SOLITARY
Consequences. IL checked the ca,ccr
OF the Western bauks. and gave llcm.
additional strength IL anticipation 81
The pressure which has since perry d-
ed oIg Eastern as We'll as tho Euro
Tcah commerciaLd Ics. b prevent
ing the expansion Il tie credit sys-
ten lucasuI.h.N cut fl &! @ meau, e
sVeoulat5n. and retarded ~ progress
20 ronopol1iDs The most valuable IL
tie Tuhic llud.. 7, has tended 20
save the rew States from ? ucn.rcsi-
drrt People Tor lip--o0e of The great
est obstacle. 10 the sdSancemcut1 of
new country and the prosperity Of an
Old one. Il ha. tended O. Aoep open
( the Iueic land. fos 'n;ry by emigrn's
. a. GoNeTnmrri TIice., instead 81 their
beng compelled 10 pgrChase Of spec
ulatcTs a. douhl. ~ treble prices. And
Il IL conveying ,n.o the interior large
sums ia silver add gold. there 10 en-
Ter permanently iuto the currency cf
the country aud place At on frmer
fouEdliion. II - confidently belle, ed
that the country will fGd N the mo-
,,vts which indeed that orCer. and
the happy consequences which have
cEsued, WGeb g commend ard no.
thing 70 aCdemn.
liisSsen Nat lie again cali. the atten-
u9B % Copgie.s 20 the currency Of tic
county s!isgc, tt4i ~ va, apparent
hom tie whole context % the Con-
,uiul,gn. q. well as lie history ol the
times ilat gave brflh to it, thalit vas
&c pufPa,r u tie CONVENTION % c.-
t.bh b SGrgsH'y te.s,aiiGg Of The
yStrisHs r.st4h- iWTU'os Nanabicucss
and l,..,hiy 90 itofJ.nate contraction
1ud .NIagsi.u g. tie eNiting rayer
system. AID dcEctncss tauk ISSUES ~
b,iCg 1n uncertain standard he
''ei.oI4'ss Lps"il upon tie t.u.ris
" heb have lstn Oh ,-l,d ~ tEc over
throw q tLc Hsuk ~ 60 L STATE. bat
. declaflS stlt hide L4s trpu vet dcuc
except ~ I!lduCe ssiGiofy change
a yUt.ic Cr,asca tCi. AIDS Tc.t1iirg 90
, he county TIE sound currency pro-
r,a.d FAR "a hs Constitution. vii
here say. 90 passing hat al this oct.
. cay atoat th' precious metals gold and
& tie consitiot,,nAl currency. mas been
rLt iarh - teilde tis People and ~
. Ase tte peci9as metals - ca inAlrp-
Hsut 60 rs, ak down the banking in.fi-
b luiiqns 81 tlr states prd g. tlu. pave
b iie Wsy Co &c ultimate ssta.I.hfrcnt
VI Rfssi Government bsnk In fhc
, present advanced stare q ovlIiyseon.
in tir prt,sui cauaibcn ~ lLe com
. uotse 81 the eof.t. md pa ihe actu1i
. relation. oi I5te ard in'efcoune be-
tween lie ulfe'sLt taI.us AZ thc
uofid ititp perfectly oliuenCsl 10 sup
pee ttst Ne tnItercs % he lait-d
STATE. .houid consist exclusively. or
% principally o. zoe PRECIOUS metals.
iu the quotations stiSb have made
. i.aD. its ilst aruusl Ass sg- CO Ctnri 4
. Jl,klan 30 speaks q tts s1iens,on
. ni tank usdf'a and ihe nYfr.i.sue si
v tatt Fotfr JOB Th~ oTeGl'i1fs uroh the
a'ss si its public isUd. ln ~, Me-.
, s-- 90 or'y He rfscstisg year fbe
e s1tt an rUt ~ those sales bod been.
deeitur With rscuitsf o ~ tisissnce.
o. ilnFr'I1g a. lsneral property q
'hs county 1d 81. proof & re wi.llr,
80 20, Administrator. Eut nov tb1t
FIih bed. Seen 1nnoUrct3 as bless
H. 'spr Gated a1 e csisrisq. N0w
Pee asisri heinz Oh at.si ite bsntine
a.'tti'1ps 90 tbe >faftt, srt i1 .rsaly
'tai ii'h It.smy eftst afith Dan
hereafter haze otc1. ian' o. h1fcf he
cHp.cs q D. sPpnisHti.u e(the dam
aeft5.ti 40 reBfc exposed "a NJ
ftfr poole t- sh8 CITING so'hfe
20 tttl irfs frsatg he 3e lbos,
u1r lhr rifrHiarp5 1cs-s wfich
Gfl.fol .ae taasi o. 81 oal 81
1850. tu'frr- e.. fere..f.' owed -. n "a