Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-04-30

he nature of men and society; aud extends equally
private associations as to political communities
There will necessarily spring up in both stock
h0i2iH2 and direction interest the latter OF which,
without wise provisions and incessant vigilance.
will absorb the former of which the winding up OF
many IA bank will prove.
! The two remaining arguments Of the Senator have
been often asserted and as often relutcd and shall
despatch them with a few words. lie tells us, rs
he has often DONE that We are bound to reg ulac the
currency and that the Constitution has given
Congress the express power regulate ii with ma
ny other expressions of similar import. II is mani
fest, that the whole argument turns the amblgu
lty oil the word currency. by tits meant the Gun
rent coin Of the United States, one can doubt
that Congress has the right Ia regulate II. The
power is expressly gwen by the Constitution, which
says, many words, that 1t shall have power t.
coin money and regulate the value thereof; bul II
it is intended include bank notes, must be the
intention OF The Senator, there Is such express
power given IN the Constitution. 1t Is a point ~
be proved, aud not assumed, aud every attempt OF
me senator 10 prove II mas ehut' III S'So" ',''u'e
lie has not, anu cannot meet tle answer "l''ch nv
received rom the senator nom i'n"Sl ''''' al 'i'
extra session. and his repetition el ihe ls>et''oh al
ter SO decisive an answer serves hut 10 Prove no"
much more easy it often IS to ret ate an atgnmen.
thah 10 silence Nun VINO au'ahceu H. n ' w NV
despair even OF sleneinS tAe senator inett'S ono
whose authority ON tins point am sure lie must re-
spect mean himself " men me o', F''"l'ns d
'"''t'i W 'i' law '"'',' '''"''' '''''
discussion IN the other House. IN iol"' he 'non 'ooN
the opposite SIDE, and argued, WIN great '"fee !"
galnst Tue very fSht ioi "hlc lie no" 81 "psh''''
~ contends. lie then maintained 'l'' 'ho trainers
oil the Constitution were haid money men t'a' cur
rency meant the current com OF the United states
and that Congress had no right TO make any othei-
But The Senator shall speak Tor h'i'sel ana ,n''
he may be heard III ms own woilSr siall frda an
extract from his speech Delivered al the tlm'
:" Mr. NEhsrEhhrst addleN-ed me House. lie
/ IN
commenced, on detached feature OF 'he oI''' ana
not question affecting the prlnelpie anu express
ed ms tears that week or two would be ios' III me
discussion OF this question, to no purpose nasmucli
as 1t might ultimately end IN the rejection OF the PM
lie proceeded 10 reply 10 The arguments ~ me ddro-
Gates ot the bill. TWAS a mistaken idea, he saIj,
which he had heard uttered on tins SUBJECT mat zee
1cCre ABOUT oretOfm tic Hdftohdt currency NO hdton
hdd better cHrFencH he stiu tan tc 'h''eu STATES
there was no nation which had guarded lis currency
with more care Tor the trainers oil the Constitution,
and those who enacted the early statutes on inns
subject were hard noneu men they had lel, ana
Therefore duly ar precaied he erls 81 u ;4:"er meh
/ I'M they, therefore, seduously guarded The
ycacg RI the Initcd States from debdSemcn. The
{eeai curreacyof the Emitted States s0iR and SH
yerc5ja tins was a subject IN regard to which Con
cress had run into no folly
! What then, he asked was the present evil
Hapjnp Il pcrtectly sound national currency and
e f;orcrUmeni bor1no no poeer in fart 10 make am
mp IN different States a currency of paper ISSUED by
banks, setting out with the promise to pay gold and
silver which they had been wholly unable TO
deem The consequence was that thefe was mass
OF paper ano"'' OF perhaps my ll'''onS' "ch s"s-
| tanned no immediate relation 10 me "s" currency
! Of The counh!-a paper winch WIN MOI enable any
man TO pay money he owes to ms neighbour or ms
de0fS 10 me Goeerh"eht' ne banks mao 'ssueu
more money ,n'h 'hey coulu feoeem'' anu 'i'e e'''
wasseVefely le't, &C Nh w. aec'heo occupying
the time oil the House TO prove 'ha' mere was ue
pfecia''oh oil the paper IN cneu''''oh "e EGG"
Sta"adfa q td'@c to"S Sotd an" St'e' 'no I,l''"h
oil paper 10 IL proved us state, ana Tue ia'c VI IT'S "c
Pteeid"on uo'n ana S'oe' o"ts"'y nc Sh'"' "II
"te Hp y me t"d az no"'e' ana INC 'u" y "'o ""'t
dofod" "fefe co"td' =" .e PeSc" ''"e y "e '"o,'"'
&c no o"i6 currency 1" 'o"se l"o"'o VI 'he ''
"'e'ise paper ISSUES i"''"s o'"su'" 'P'''e "o
cu'''ion' 'he No'e'n"e"' n"u o''" op''s''' :" az
Tect tto'duoh y cttSt"S St"'"es, ~ reeve '"o :"
mount Oh 'het taxes III so''e'h'iis WIN" was w,
recognized py NV rs 'he money OF 'le county anu
"nlch was, IN '"c'' Sfed''y oelec'''eo' W. iii's
was the evil ~,
w nat eau NC Aofe uec,s'e VIVA, 'o'e Po'''-
ed lucy are 'he'e'y ooc'iihcs "h'cn "e IS :" ''io
dIIly baDt oil dehouhcihg uhoer Tue name o' 'oco-
! loeo. ne senator may heir''' oo i's''ucu 80
'ho i'i'o, VI NV P','y % ~ " NV '
u'"'1u'"i '""' n' '"o''' '0 % mus" '"' ''"' ~
III, oiSP'"a' ,,
n"' my Uo '''' ''i'' ~" ~" ~ nv
lo'''o I'uo Dc II 80 '"u II ioo"s 49,, "'' 10
fhy ana nline S.ahu Us opposing qu'''''es or 'no
oPPos'c sue VI an v'i""''on d' - .i "
tnat the senator VIII, feaa''y au'''' 'n'' MS "'' "
ieas, DC su'h0'eul " "oS"oy "''Hc'
| | readily acknowledge that my opinion, after the
| Inp aofi yards al ~