The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1838-05-01
ro,1p1JcAN WING CONVENTION AT
hEA LYNDON.

uh,od Mt one o'clock on thursday, ana ~ inc
$3.50 Of the President, il was called to order by
~ = RrrroS, Esq. OF Waterford, and on motion
~ HoveHrcN, Esq of Lyndon, the Hon
FISK. was appointed President, T. r.. FAIR
ot Waterford, and C. c. NEWELL Of Burke,
... amounted Secretaries A committee consist
ian If e. Fairbanks, Isaac Dennison, Mr. Young of
Kirby, VIM Sanborn, and Ephraim Paddock, was
appointed to report resolutions for the consideration
of the Convention. The committee reported The
following and after being fully discussed were a.
dopted;-
l. Resoloed, That recent developments demon
strate the necessity OF an amendment of the penal
code, with special reference to frauds in the man
agement of Banks and other chartered corporations,
whether we regard the safety of the people or the
reputation of honest corporators.
g ResoLued, That whatever speclous theories
may be advanced upon the system. of Banking, we
have no confidence in any paper currency winch
is not convertible into specie at the will ofthe hoi-
der.
3. RcsolDed That the suspension OF specie pay
ments by the Banks in 1887 and the present de-
ranged state ofthe currency the legitimate and
certain effects of the high handed measures OF An
drew Jackson in his warfare upon the Credit Sys-
tenn.
d Resolyed That those Banks which solvent
have he retarded in their efforts to specie
payments by the policy of the present admnstra-
ton, which requires Custom House Bonds, Hostages
and dues for government lands TO be paid in specie.
s. Resolued That well regulated Banks are in
dispensabe to the business transactions of the coun-
try, hut that in constituting Banks such guaranty
should in all be required by the State as will
in any emergency secure the public from loss by
irredeemable paper.
g. Resotued, That properly constituted Nation
al Bank, Out not the Pennsy lvania Bank of the u
nted Stales) is essential to tho proper regulation OF
the currency and the equazing and facilitating of
domestic exchanges.
7. Resolred, That it is the appropriate and i'm
perous duty of Congress to provide, by legislation
for sosad, sqfs and uni0rm currency
g. Res0ioed, That inasmuch the NAL admins
tration or the National Government in its interfer
enoe with and arrangement of the currency, has
tended to PROSTATE the Manufacturing interests of
the Country and consequently TO destroy the mark
ct ofthe Producers and Wool growers ofNew Eng
land; we Farmers of Vermont, here pledge to the
country and 10 each other, unceasing efforts TO
bring about that reform in the Councils OF the Ma
tion which alone restore prosperity to the pro-
ducing and other interests of the whole Country.
g. Resoiesd, That in the recent elections in Con-
nectrcut aud Rhode Island in which the Wings have
no, only triumphed, but have carried their tickets
by unlocked for majorites recognize the on
ward and irresistible march of that political revo
luton, which at tho earliest constitutional period
will PROSTATE the misrue ofJackson Van Burensm,
and to the people their constitutional rights
and privileges.
HLn n. H.,
members oflhe Convention, and passed.
BY Judge PADDOCK
Resolued, That in the election of our delegation
to Congress, and State Legislature, we ought to
have in view the protection of local interests
being an agricultural State; and our principal sta
pie, ihat of wool
Resolued, That in our view, nothing is necessary
to expedite political change in the men and meas
ures of the Administration but the circulation of
the truth respecting their present and policy,
and that efforts do this shall increase until
change of men and measures is effected.
Res0Iued That we hail the following confession
of leading Van Buren, print in New York City, as
evidence of returning sanity on the part of the hon
est portion of the Administration party, and fully
concur in the sentiments therein expressed
From the .Neao York Euening Post
"The TPutent] democracy is In very hazardous |
position 1t is not to be disputed that our measures
have accelerated the present state of things, and no
party can Withstand the odium of such a condition. |
If masters do not remedy the evils that exist,
overwhelmed beyond peradventure.
"Financiay speaking, THE BANK OF THE UNITED |
STATES WORKED WELL, and it is folly to suppose
the people will consent to be long without it, unless
the same result can be brought about in another
way. The present state of things is not to be en-
dured, and will not be endured"
The Convention was addressed by Judge PAD
DOCK, DR.. p. srALDINe, ERAsTUs FAIRBANKS, II.
MARTIN, s. HoUeHToN, r. c. BENTON, and A. G.
CHADw1oK ISAIAH FISK, President
E T. E. E.. E EA'TnAsr'' seeretaries.
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