Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1839-10-03

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prsAsasioas q this ssra, yet, even supporting
lhsn resssosbis. wesld ssk. are not Ne Sane
danSsrs more iapenlihg under ihe yrsssht 81 =
is@f The ssats hanks ssw present the spseta-
Gle 81 large ssobsr Of petty independent
ehssfs wsgins var upon each other. The
stronger ossreoms the wssier, and the contest
goes % until some cue, wi,er aud mere power
ful than the rest, reduces al TO subsection. and
rules over them with desPotie sway. The State
banks even aow are abxioas To place tbems &c
under the protection OF some institution sufiei-
eetiy powerful 10 sastain them. Many have
stssdy sworn allegiance 10 the bank OF Penn-
syissais. Others ere ready TO follow the sx-
ample, but the greater portion are anx iously
awaiting the bnal eierminstion Of the PeorSe
whether they shall submit TO the control OF n
national OF q mere State institution. Around
the former they would oil rally, and, acting With
confidence and concert, the imnsdisie result
would be sound aud uniform currency, and q
re,tored and healthy credit. % 10 worthy 81
observation, that sone OF the very Starts Wish
object TO The ehsrtsriag ny Coogrs.. Of = ma
hNssi bank, lest IL shouli prove too powerful
Tor The country, very modestly propose To char.
ter similar Institutions 81 hone for the purpose
OF shording . currency. not for themselves, hut
Zoe their neighbors. THIS has been already ac-
eomPlished by PsnnsS ivania- Her mammoth
institution 10 In full operation, beyond our
for evil that could he aiiributed to a NATIONAL
bank By Us most bitter opponent its issues,
NJ this very moment, eommand . premium in
this Stste over gold and silver. Our exehsn-
ges, c.;h "a thsy are. are principally under IL,
control. What could prevent this institution,
with her immense credit and espitll FROM sat
ursIing the whole country, II she pleased. with
her i,sues' She could emit her hundreds Of
millions, and all would be gr,.ped at; she
could then contract this unnatural expansion.
call in the paper, aud according to the argu-
ment OF those opposed 10 . national bsnk. pur-
chase II half price from bankrupt com iunity
the property Of The country. " such a rover
must exist. let Il be under the sontro l aud .u.
pervision Of The whole people. and not OF n
single State. But this is the beginning onl,. -
Other States, emulous Of this po~er, are pte.
rsring To struggle for participation. Look ut
the greats. Carolins Railroad bach already char
tered IN several states, aud detera,iard. No
doubt, 10 seize the control and regulation Of tho
currency Of the South. Look nj the idea Iorc
since thrown out. and now ripe for seiion, Of !.
city million bank in the city of New York I.
not the currency Of MissssiPpi already at the
mercy Of other States; Shall ~e continue "a
groan under this degrading vsssslsge! which
will MISSISSIPPI prefer, as the regulator Of her
eusrency and exchsnges-a bark chartered by
single State, In the construction and Iimira-
tions of whi~h she has no voice. and in tho su-
pervlsion and control Of which she has no rover
or one chartered by Congress, in every provi-
sioa OF which her voice will be heard, in every
Limitation her snygestionS considered, and oveF
the conduct and operations Of which she W III.
In common with the other States. exercise a
continual supervision and control; The cues
ton nov submitted TO III people OF the country
u, whether the currency of the country shall be
restored and regulated through the action OF
the Representatives. OF all the States or by the
legislative power OF q single Siate3 regre,
that the limits OF this communication vIIl no,
permit me TO enter moro si large upon thi.
view OF the financial question. trust, however
] have thrown out sufficient hints 90 the subjee
TO attract attention, and TO constitute . starting
point for reflection. But have already exceed.
ed the boundaries had prescribed. " the
People shall see "a, through their Represents
tiVes, 10 elevate me to the high and ardvou,
station towards which your kind partialit.e,
have pointed, ! can only say that. for the hdeI
ny OF my future service, ! ODER the The guar.
snty OF the past. To my fellow citizens oil
Madison, whom you represent, as we'll as to
wings OF other sections Of the State Who have
honored me with their une pected end unsoug b
confidence, allow NE TO express my most sin.
-ere and grateful aeknowIedg usnts. That
, nay ever prove worthy Of their good opinion /.
my highest desire that . may be able. in eysu
the smsllest degree, 60 advance our common
principles is my sole ambition. To youraeIyes
gentlemen. permit me IN present my thanks
together With my beat wishes for your indivi
dual prosperity
VERY respectfully, your obi servant.
g. g. PRENrtSS.