Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-04-16
TNyENTY.EuFTN CONGRESS.
MIR. WEBSTERS SECOND SPEECH
on ITfE SUB 1'REISURY BILL.
SECOND SESSION



chhqndni, all IN gold" There. every thing i 10 b.
hafd money--no paper ags-no delusivc crdts-
no bank monopolies--no trust paper oil an hind
But III the treasury department. anl IN the louses
oi Congress we see another aspcct-a mixed ,rpear-
ance, partly gold and partly paper gold Tor GOVERN
mcnt. aud paper Ion the people. The Smal voice
which is heard here, allows the absolute necessity
OF paper of some sort aud to some extent. But The
shouts IN the community demand the deSrm,ion oi
all banks, aud the fnal cxleimnation of al paper
circulation.
To the people. the hon roais against papa money
III all the loudnoss an icIro, OF his nanll voice
but 10 members ot Congress lie Is more discreet
lest he should thehicn them out OF ihcf wits. he
here Restraints aud modulitcs, mud ,oars as gent,
~ any sucking dove, or, II were. an, nightin
gale" The ,mpractlcabilit, oi IN esrlusse metal
lc currency, the absurdn, Of attempting any such
thng ma country like this. ara manifest, that no
body here undertakes TO support IT by nay reason
ing atgnnent All that Is sad nlls iyar, ~ gen
cral dennne auon nj paper, general outry against
the banks, aud defamation a2aast tNIstlng IN
s,i,nl,ons, fall Of sound aud fury, slgnfing 10th
| my.
The moment any one considers t. hc sees how n
diculous any such attempt would hr Al exclusive
metallic circulation 10, the second COMMERCIAL conn
Try on earth, IN the nineteenth cpintr' Sir, YOU
might well propose To abolish commerce altogeth
81.
! The currency of England is fsli,lated n SKI.
millions sterling; and IL Is Nj, l'0lhch's talcuia-
linn m Al ALL ll,,Nin
! 10 ,,,, ,,,,,a, az , -, , H., ,,',, az MEALS
,L, n,,,l ,x,,.,. ,,,.ol,,, .h , .n,,c,ey would
Il, ,l,,., al , ,,.,,',, .,a. -, u,a,ly 6y,
per cent. upon the whole. With ns, tins charge
would be much g'eater. The lpss II capital would
be morc, owing 10 the higher ,gcs OF interest, an
~ , ea,,n,,, s .,,s,s;,a M ,a's would he vas,
| ,J No., II, ,,InI,,.i w'h,,la niso ,,,u,,,
ptopotionally. specie than is requisite IN En-
gland, because our system of Exchange, by means
| ,,l., ,, /, , s,,s,,' 40 :, ,,,,t,sJ ,nucb loss ,c,
"""'' wv" y u, ~ :, W. r' nl,.
','' ''" p'n'"'p' ,"''' ''''' " =" ''''' ~
w, ,"S"H' W. "''s'' '' ~,
So '"S ~ ''S'' " ,l -,
w. Wv """ gun p"'' ave- % ' ~"
"Neo '''"'on' an" " we s'o'"a ~ WI Wv
'''''''" ," ""' - W l"e''''p '','' " w.
! Nv '' ''"r w. WIN ~ ~ IN :. -,
hr. ou' clfenli'i"n Monld !" sun h'o'c 'Nn'"sep
ahd luminous IRON tho 9u"llilS OF s'ef "n'cn ~
would contain ht sd''f IN me "o''u '' cs"'"''"
I" be my iiih's that OF gold ID amount anu '"ns'
qnrhily something il"ie i''n ihi'e h'h's III '"'"'
~ pom Shooid 'llen'aie' 'n'lel"''' '9u"N' !" P'
portion vauc, the currency "ou" DC ''e' puts
silver ana one H"'u'
Nov, sit, the annual rap'nse at sh'h 'n'"l'-
non, upon TIC OASIS OF Hlf ne' oi'o'h e'""''.'
would exceed the whole ANIMAL expenditure "'oo
loi our army ana navy 'o's'oe'' s"' "' '''o
OF actual daily payments made - me country !"
'sdIculI 10 's'ihlale II ahd q"'e '"p"sS"'' 10 ~
some notion o' H. ny me ANY a'"a'' o' PS"'"'S
III the banks III some "' The CUES IN ZINES "' pros
porous business ana commerce Tue o'''y ''"""," VI
payments III the banks "l ne" OK a'on'' h's o','
equal To eiSh' miho'S "hell'i we '"' ''' = ''''''
twentieth or liheth part oil all payments ana re-
ceipls made daily ~ tue country we see '"
whai an aggregate result me "''"io "o"' 10
Ana now Is II possol' IVA, su'' "u "'"' ~ 1917
anu laShep' cooia DC pe''o'o''"'y ~ % i
ing oil go'd an" s'Fe' nom n'n''" "'a' .r.,.
ouch no'lo"'' s'f' h''"S '''e '''
MI Iit7ldoh'' AZ ~ WI,
necessarily ' y. -
"ohih NV ''"'' ~ W. " NV 9" ~ "a"
10" p'""s W "'Ioa'u % ~ '''" ~. ., H..
s'"n''y P'"S'"e" 'o' IT, " "'i" ''' ,,. .,,l,
ees W e,'' ~ ,'''' ''''' "'"n ,II and lcos of
servants oe''''" .'''" "',, Nh,, lllv i o,e,i
''' " ~ ,'. :, If ihc,c we,. M, now ;,
"si " '""s h,uL m ,hc co,,ut,y and If thef,.
"''N a., xflusiy, .prc,e ,ur,pncy to morrow
'"""'' -, ,i,e o,rInrl ,hc,e ,ynnl, be I'm, bank,
! w., -. s., F,,,, nec .ssiiy thor, would he c,e-
/ ,, :, ,,.n l,,,.. ,i .nos,,c. aud ,,,s,,s h,v,nv
/ a, -; s,,oI ,lo,,o.i,,,,c. ,,,nId law ch,rks for
4 :, yJ ,ss ,h.se ,b.cLs ~ NANNY and finn mr.
had ,.v ,n,,ld mass IN u,oibe,. ~, the deposltary
hia,s.lC would ,ssnr cer,l6carcs of depositr. and
hoe. y,,nl1 ,,ss ,s ,utrcnry And All Tins would
! ~, ~ a ,,, ms, :, c,,,v M h,,L ,w, -, linen
L,,,,oJ ,a,,s Ia ,l,c ,ot ,ry al hanks We shonld
,hrn have dnnc nothing but irct tn. experience Of
,hc ,n,st civ,Iizrd uatIons Tor some centuries as
=, ell ~ al mn, n,y, xnrreuce and bay, returned Il,
,Lo ,,,,e nf to,mc, t,ucs THESE ,,rt,-
c,,a "a, ,.,,o ~. ,,oul1 socn II, C,upd u, he often
.sned wnboui any sphd cap,,,l or aetu,I drposire
Ahnscs ,,.,up l,1n lb,s snurre would call ion lepls-
,,e in,c,,e,,rc and the Iee,sla,,,rc wonld find il
aco,,v =, ,.s,,,u t,e ,stue ,f u,n,r Intended for
r,cna,,,n bv cnnc, no ,h, such issues should only