Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-12-30

eenld 30 tsc-fGed IN tHafsiasss - bfe7th ~ Hhs
crime III efsai msgpaaids. aadset maybe re-
sons6ly douhied nhetr4 fsst aud as. u Is not at
i~naled aith n.rsctie.sus consequences, "hen
petaist.d to Tie f.rarer Than 10 tie lafef ! lie
practice nj rern ties de aoncy 10 be used by lls
Keeper. a. here. !. believed 10 be peculiar 10 iiis
eennt,s aud 20 exit scarcely ans where elre. To-
procure IL here improper iHurnees apnsai.d
snw.se cotAexiou. established between the Go
sefnsnrni sui sasi uuHbrrs q powerful ate lust-
iaiiess: n1hef motives il1r tho rubhe good are
kseaa h, hear both oaihe Executive and Leg
i've depsri.nes. and selfish combinations. leadlne
10 specis leeislsuon, formed. II IS palelbe IN
tefesi of baniaa Institution, and their siocShoideis
thrsueh cai the Cninn 10 Use iheh exsuons flr I've
iaerease IL taxation and til, accumulation 81 ,nt
plus revenue ami. while excuse IS afforded. HE
m, aus are 6nished Tot those excessive issues which
lead 10 ~sirayAesnt trading and speculation, aud are
The foiernnnefs OF vast debt abroad, and saspeu-
.ion Of the banks al home.
Impressed. therefore. as am with the p,ep,istj
~ the funds Of the yefnment being aithd' avn
from the priv nse III either bsrts iuG' ap lis
,ad the public mnay lept by duy appo'aed public
,aenis; an believing. - d., that ,gs also = lie
laae rcui Uhich dlstussian, r'0tcfis aad erntri.
rae. have prnduced the pHblle mud leave tic
subject v you. Il i. At ali fssnis essential ~ Tie
Interests 81 tie community I'D the business ol the
Gdrrrnmrnl thai adoei-'sH should te inadr.
Most Of Tie ateumtn,s hat dlssuade tom
pioyiug hanks IA lie custody and disbursement al
The pablo loocsy Apply with equal osce io The re.
eepi 81 ther botc. of public dues. Tie difference
u ouiy IN form. II Instance the Government IS =
ceedilot for It's dtposia.. and "a the oslof Tor tie
Haies II hollis. Trey afford the santr opportunity Tor
usny The pnbiic H.ne,s, and equally trud - ali The
evils auenda uIon a. since usuk % salrl.
extend it. discounts depo.le OF s uptes "a tle
hand, Of public rilierf. made own
vaults. On the otiirr hand. would give 10 b.. 10.
.efpnent create securuf, f1r. ease ct atfutr
tar claim Of tie nptchoder would be betef lhsp
that Of defosflof.
| am aware tia tie danger of Inconvenience 10 tn
Public. and unreasonable pressure npon .oun baia
have been aged a. objections rtq zrtng the pas-
mrui Of tie revenue IN gold aud slisrf. hcse Oh
jrct'sns hsts beea greatly exaggerated. Ftom tie
brs estimates. y ,alel, ~ lie amepef sl,e.
CIR - tie eou#ifY tsly -tise m.ns 81 doIlars.
I'D tbe T9ifInn 81 tAst ahieH saufJ he soI,,ed a.
snF ooe ifre IN tie refrlps AID sbuf.r oi llr
Garetuanruf. etrH Il &c T. af.srj sB4age 4ir
a. eufr- 49, 10 nj, = o. paH. sliff iIef HftetlEs-
ton. Jeai-Fe3, exceed .e8t Ete an ems l. -
otsaee se,e efsda-i seteal yeafs otlJ siapss be-
lore Ia sam usu#8 Be 20 ti#sJ VIII Il onp.e-
fpoH.es % - iHeaa tine a. tsr ihr iss. shaud *.
fr.Flraee pE=re "a ts De gPfes,..r iHca..enp
Inr P3fti4as oi he eanHu47sIfs sbu.c busiarss
the change soad ma esi.s.y ortttt- arc ,omrp.l-
stsrls sHaI us' 81 bel sss, tsaf - elect unuI1
be 10 HE least tjasi 81 jatious lhcm.
10 tie tinsHi al RI .tlr- "lICa cau.taufr bs fsr
tic Esr-ier 1ulIun q fis teFeHr. s-fs a8er rta-
poiiian Is dttsai trts f8reign com sl-sfon hou.e,
Gools consigned tt sn. - e,alIs. auction. aad
aifcT paying lie duiirs aui 81 the aya.. rrnn tie
resi abroad ~ spcgtr OF IS tqdvalrnf. hat lhr 4
maUHt Of tuiss slau d. "a surl r.ses II alsn ~.
tanned in &C e, Csn hardy hr made nAter al COM
pisini, Oar oRn lmpstlug isrrchsuts bs aiiuu, I've
rtsdhe 81 tie 4uts al. are i.ui uul, REGULARLY
tstrstsl - nsa'niaiaing tuuud cuurents Win, ia
the mFasurf impression al rtpeelall, rtusuur bat
arr, from le naiiue ol theit ,iealuz. b-.t an~ "a
knr~ ~hen -psele "d be re'te * 4 raucntrnuIiU
t1e lcasi difficulty a. sscfIhar. X #sl8sne too :,
taod universally pa places ehete the tesenur /. 1r-
eeFed, and sArte ihc dt,is usad hy aIio t.tfntr a
fsr Il Gtst1fsraieuis must concentrate. ihrs lave
every oppaHu o., Oh sta au1 tee i4enl "a, II &C. OF
spscie. Should be a5 tlls Or incoaece ,.
othe ia nbrf tl.tse drafts aud The fa,l hiirs lhr,
may atfpd. as vel - uI ihe fspt, vii which Tie
g. public fluids are drawn aud dAbafsed an nIea M,
BE- iorm from Tie fieI thai. OF nrtfty twtnl, mi.
lions oi dollars PAID o. cueelurs aud trte yets dur.
ing tie present yca', lie average aiuount IN tl, fl
hands al any one tine has uotrxcrrdcd million m,
hAli and Of The Glcen IN iaus received by the col
iectof Of New Yo,k aore 1uuna ihe pteseut war
the average amount he'd by Inn, suNIee 10 tralf dur
ing each weeA, hasheen les, dian hall q milhon
Ihr ease and siey of the operations OF the Trca
sorry IN heepine ne pubic mnury are promoted h.
The application oil us own drafts InIhp lnble dur,
The objection arising from having ZEN 1opr M,
standing might be obvi4ed. and ey Vel made IA ,f
ford 10 merchants and banks holding lein an eou5y
lent iof specie, and IN that way greatly lessen the
mount actually required. sui less inconvenience
VIII attend Tie requirement Of specie IN purchases Il
public lands. Such ur,hascs. xceW wInn mad
90 speculation. are, IN geue,al but snel. transac
iioDs, rarely repeated by tue same prtAot and n =
fact. that ioi ,he last Year and halt darlnr vh,rI
The notes oi sound banks have bccn tree,sd ,,,
ihsn moiely Ulthese payments ass been ,,l,n,,,i
made IN specie, h'lag la,9rt prnpntio ihan a. II
have bern required ~ three Yeas under the er,tna
lion proposed,
II IS cover principle linn which non. ia brt
Ter seltleibs experience, that the supply Of he p,e
oien' metals VI" always be found al, quae 10 the use
Tor which tbey are = qBted. Puey abound IN conn
tries where no other ourrencv j. .lloa ell lnopr ga,
STATES, where small notes II, etcuc polJ am
SILVER supply Their place. .Nhrn driven 10 then
hiding places by bank suspensions. iIuie frunpss II
The community so0n rtstufes them IA a saffirirpI
quantity Tor ordinary purposes. Postage and otliel
public dues have besn collected ~ c in wlfbopt se
nous inconvenience. even N Sialc, where de pre-.
GATED paper currency has cx SEED tor years and
ihis with the aid # Treasury notes fsr pan Of a.,
time, was done without in,rrup Ion duuug the sus
pension OF 1897 At the present moment The re
celpts and disbursement Il the Government ~,
made legal currency II the lareesr pulron Of N,
Uuiou. No one suggests a departure from tins ful,
and IT At can now he sueees,ln ~ earned out II " II
bs surely attended win evtn less ,1flie ulty AZ n.
bank notes area again redeemed in specie.
Indeed. cannot think that y srrious oLiertio,
wonld any where be raised to tie receipt aud pny
mrni ol gold aud silver nj public Transactions
were u not from an apprehension that asurplus IL
tue rea.ufy might withdraw large portion
Of u ffom circulation, aud lock II up unpinfia n,
~ The public vaults. 1t would not, IN my Oh MON be
"Ifheuli TO prevent such an Inconvenience Gom oe.
curing authentic statements which have sl,rad,