Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-04-04

me minority will justify you, and you will have +.
pha'nns u numerous and jealous friends who c.n
ana WI sustain Jou against any selfish or fseisus
|, fou will pardon. know, the frankn,,, OF ,b,.
communicating in The motives Of sincere friendship
"nen d'e'"le u, anh remain, my dear sir. with The
inquest Respect ger, truly yon..:
| His Excell-n.y,
| M, Var BgsgS,
| President y. s."
| ms rresdenl's final determination, We all knov
. '"her' 10 The spscis circular, and soon after
| 70 WV N t's month OF Nay ~, th, suspen,ion oc
! sper's payments ~ The banAs oeeuyrei b.t.
always ssht-d thatif the President on his iudue
10" me "'hes n,hnileanp his respect for the Ls-
es'"''s VIII. lad promptly rescindsd the specie cir
e"sr the sns'ension of ash paymeats bv in. b.nL.
would MI have tskeu place but even If !, lad Il.
"o",d. Al l-a'', have done every thinr. WHICH IA.
Psnn ehon hini" avert il. The country morsov.y
would nave seen 10 such proceeding on the par, Of
lhf ffes'dep solsmn declaration Of his purpo,o IA
'ount ms ad'hntfaiIon on the broad basis Of public
opinion an1thc national judgment, and TO rise supe
r'"f Ia every other Influence, The liberal minded
ana l''ro''c 81 every patty would have been copcil.
"'e" 10 ms support; and guiding his future BY tho
same RebU pcan ples his n,,rh,
have tsa'ed. in popularity and success tho rrea, sr.
empiNr ol MI. Jehsson's peaceful and reior,n
ny Presidency. His unfortunate determination
'o"e'e' 10 MAINTAIN nm obnoxious measure
against ,he dec lare1 aud almost unaninou. sc,,.
caldeh by many ~ an Omnous indication OF jssj,n
'" ""'d ~. w h'snagcm-W ard indret ton III.
practice supremacy Of the Executive poMer--,o ser
!" ha"g'n me Opinions Of Coogress.-and 10 RELY an.
parry "'icPf"e ana eDicidi influence rs tho suppo,ts
"' ms "dn''ls'ral'"n, ns,ead of the free and un-
oo"eh approved i'he people and their reprc,ep,a-
ises'
Anoiller question. however soon after anna.
N"'e" ,h'." 10" into the shade, and has sn.e al
most "h'l'y absorbed The public attention. shat
W Ahsr 'hs suspension OF specie pa> men,. bv nm.
oanA', when seems 10 have taken the government
sn'H''yb, '.rp'i'r, though The unhappy propre.C
at ev'"'' bad certainly prepared the minds Of re-
hsclinx m~n 10 var09s pare Of the co.,nrv far !,
'he Prrs'drm called Congress together 70, III. 6,.
Monday m S-hrmbrr. AT this called session he
hroURh forward tie memorable Sub Treasury nm
Jer' proposing Ia collect the whole revcnns Of III.
ns"n )" gold and silver alone, and TO commit IT, Tor
s"le-Nerpng and management, TO tho exclusive cus.
toby II executive asrnts Cousidering that ,b,.
'aenUc.l prejr' had already been under the drIbe.
'slion oil (ongrss. when II received but 30 ,o,es
10 body consisting Of $40 members. and tho uol,.
hssl ire'd, of the President, with one solitary ct
eeT'ioo Tad recorded th'ir votes against il, his re-
'o"me"'laiop "f II, At this t,n,s was undoubtedly
very hold mosemeni, and startled, and tou,ed
INTO an uh~otted tone "f renonstrance some oChis
""fs and most implicit admren.f And yet nv
opposition 10 II. calmly persever-d in lrsm ds,lv
nrsncihennE conviction Of its fatal tendencies 10
mo Noefi'"s and happiness Of the country, hut nm
accompanied with The aionng declaration of de-
,ernnoniph 10 sink or swim" with tho author, of
H. Il" Inc "nrndohable sin. winch has bro up h, upon
ne he it,ee anil rrosciipiive .deDuncaiions Of
which have been the devoted subject il not vel tle
'"no'aI"'' '''ii'n. Tie President At least, has no
nsh' TO complain ofmc for this opposition lilo had
4" very e'ny period. inio'mat ion Of the views
~hlch had long entertained on The subject and
which would render it in possible for me to ,upno,,
me measure, II he should finally determine 10 recon-
"'snd livery soou after hc lad issus ed his nroela-
s'''.on fsns."'ng Congress fo' the lot Monday in
Sep.rnb,r, he addressed me letter, under date Of
me 10Th May. 81. informing the that " The pre.,
question Of The session would be the nature and
character oi he future fiscal agency Of the Treasu.
y. and requesting my views Of The different plane
'"Rgc'ted. which be did the tho honor to saw :" he
Wi" sure wouhi be OF great service to him." Thess
views IN compliance with his req6ss gave lin,
very frank " aud distinctly in a letter | wrote him
on The Sid June, 1882, an extract Of which, being
mo whole o." relating to Tint subject IuH here in.
sty.
i had supposed tina, opinions would be divided
among ths hires projects, which. IIearn from you
nave been sngResed. Isl, National Dank-2d. a
continuance OIL present system Of Opposite Banks
WIN Any Improvement which experiences may have
'nd'tated. 3D. total Jisconneciion Of the Govern
n'sn Ia 'ts fiscal concerns from Banks or bank pa.
per.
In regatd tn the frat. 10 not necessary to detan
yo" WIN any remarks Its unconstitntionality aud
iu'xped'enry arc equally demonstrate, and prove
II |" he IN every respect inadmissible
A. in The srcnna ! havs always believed with
General Jaek SION and Mr.. fancy, who founded the
system. that selected State Banks. under proper re-
suIa'on ndeqna all the fiscal wants Of tho
Government anil 'niabt bo made useful auxaries in
lhn Improvement Of Tho actual currency of the coun-
Try. What has recently occuned, has not impaired
my confidence in the capacities and general useful
ness Of ihr system II worked admirably for the first
tirec years. and IL 1t has been temporarily Mrorn out
" gear. - owing To disturbing causes Of very Pc
cnlar ehsrae Ter, which are not likely TO occur, or
may be guarded ne ,inst future. Different minds
will trace Ihe DISASTER 10 different causes but all
will admii Them 10 be If an exiraofdiuary and ano-
nlalnus ch,f"cie moi affecting the general utility
and efficiency Of ihe Let the necessary re-
"'ehics And Improvements be engraiied on il; but
why should the system itselG which adopted up
on great dslibe ,on, Win has given proof Of its
efficiency by liuec years successful operation and
which is certainly recommended by greater conre-
rtnitnrts for the collection, safek ping and dis
burscu,rn, al the public than any special or
ehnz ,UOn h,rh can lie devised, be thrown aside 10
Try new. anil say the IL asst, very doubtful exys-
rment.
That experiment. az understand il. 10 TO discard
alike the ns- Of Banks aud Bank Paper, to collect
and nay out tire whole revenue in gold and silver,
ami 10 organize distinct official agency for Trio per-
iormanee o ii,ese functions. Surprising the scheme
I" lie practicable, what object will be gained by il
Is ii to lead The way 10 exclusive meeIAc curren
ey ia, the country Then, say, the object is vi
siooary and II we're mol, The means is wholly made
qnat aud indeed contrary the end, 30 far as the
eHrntdf'on al the metals is concerned. -
lsitiO secure a separate metallic medfnm tor the
| uses at The Government alone Ihen, say why
should there be- enc currency for the Government
uhv ehs.nt he eNraha