Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-01-25

perseverance IN pressing upon Congress the
Sub-Treasury scheme, although it has been
three times rejected by the Representatives
ofihe people, and repeatedly condemned by
the people themselves and BY his approval
OF the declaration made by his chief adviser,
Mr. Cambreleng, that lin spite Of the lamen-
Nations OF the people, the sub treasury scheme
shall be continued in operation through 1888.
80, 40. and Al" Mr. Van Buren, has rrpu-
dated, and set at naught, the Democratic,
wing doctrine OF the sovereignty Of the PEG.
pie, and has declared open war upon the
Democratic Wing principle that the MAORI.
ty should govern.
10. Resolved, That we behold in the
Sub-Treasury scheme project for Gov
eminent Bank, with an uncertain capital :;
subject 10 the control ofihe Executive with
agencies located in various sections of the
country capital founded on the credit and
revenue ofthe government; it issues paper
for the people ; It's receipts gold and silver
for the office holders-and though last, not
least many of its officers, il we may Judge
from the past, men whose right hand will
not forget her cunning and whose uniform
prayer is that their left hand may not know
what their righ1hand doelh,' Sober though,
convinces US OF its danger, past experience
admonshes us Of IFS practical evils and q.
gainst the measure we declare uncompro-
missing hostility" now and always.
III. Resolved. That banking institutions
are necessary TO facilitate The operations oil
commerce. 10 encourage and promote man
ufaolures and 10 ensure adequate and regu.
lar prices for the products ofagTiculturc, and
therefore they should be deemed as part
of the settled policy of this state That they
should be founded in all cases on specie
basis, and their bills at all times convertible
into specie at the will Of their holders
That inasmuch as they essentially partake
OF the nature OF public institutions, they
should be under the control Of the Legisla-
ture. and at all times open TO public inspec.
ton. such inspection being regulated by law.
That efficient guards should be thrown a.
round and placed over them 10 prevent cor
ruption and fraud in their management there
by removing the greatest danger Of loss 10
which bill holders are subjected That
the failures OF banks in this and other states,
show mos, conclusively, that the greatest,
and almost the only danger TO the public.
arises from the fact that the Directors
are allowed to take out on their ownrespon-
sibility an unlimited amount Of the funds
of the bank. and convert them TO purposes
OF private Observation-Disclosures this danger
should be elfectually guarded against
And finally. as danger arises from large
loans 10 oneindividual or company, they
should be- restricted and limited in this
respect.
H. Resolved, That in her recent cleo
tion. Vermont has furnished her friends a
broad with refreshing evidence Of her intel
ligence and patriotism, and by perseverance,
10 well.doing, she will continue TO deserve
TO have inscribed on her banner for motto
the device they have given us,---"ALWAYS
FAITHFUL"
The above resolutions, after spirited dis
cussion, in which many gentlemen pariici-
pated at the FIRST and at several adjourned
meetings oil the convention, were adopted.
October 23d,-The resolution introduced
by Judge Wooster, was called up. and on
motion OF Mr. Knapp, was referred, together
with the proposed amendments, 10 The next
Wing State Convention.
| A committee Of one from each County
was appointed 10 nominate State and County
Committees for the ensuing year-who re-
ported us follows:
FOR STATE CENTRAL COMMITTEE.
William Upham, Geo. Il. Hodges,
+. p. Walton, Charles Paine,
Harry Bradley Charles Hopkins,
FOR COUNTY COMMITTEES.
Windham County David Crawford S.
L. Billings. Austin Birchard, A Burgess,
John r. Blake
Bennington Co. A. l.. Miner Maj Haw-
ley, Sam'l II. Blackmer, B. e. Browne,
Benz. F. DIN, Hartman Garfield
Rutland Co. William Fay, Col Chit
tenden, Orson Clark, G. w. Conant Luther
Daniels.
Orange Co. J. X. Parish, Lucius
Howes, Seth Austin.
Addison Co. james M Slade, Zacheus
Bass, Kent Wright, G. w. Rogers.
Washington Co. J. p. Miller, Leander
Hutchins, Geo W. Collamey Doct Smith.
Chittenden Co. James j. Cutler, Stephen
Byington, Geo. Ayres. VIM. Weston.
! Caledonia Co. A. c. Chadwick. Phne-
as Spaulding, E. Alexander.
Frankiin Co. N. w. Kingman, Geo.
W. Foster, l. Eoann.
Orleans Co. Chs. w. Prenliss d. H.
Bard Lemuel Richmond, J. A. Paddock
Windsor Go. John A. Pratt, Chs. Hop
kins, j. S. Marcy, and s. w. Porter.
LamoiHe Co. Moses Merse, Eliab b.
Herrick, Giles A. Barber. ~ -
Esse1 Co. Greenleaf Webb, Jonas
Brooks, jr Titus Smell
Grand Isle Co. Samuel Adams, VIM A.
n N II.o,o. danoe E'radaricL Ha1an