Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-12-05
GOVERNORS MESSAGE.


4 | =
poinuepie. w. have sifong motives FOR humble md
eafnesi tbHakinlness TO the hsaefceni Disfossr ol
an Cool ef The abundance # tie Productions u
lhs eafih. during The ffrseuf year, "a tyrfs Inr-
ion Of orr cauHtty and The excellent health wheh
the People If uu Sfac haze generally 81 Us ed
Grssi d1iiehi.iss have attended the ,iiafts TO ne
gaiile the loans auiliotizel by law and 1t cot
probable. thai wuhin Any slou tire hereafter tie
money necessary 10 complete the Public Nofks ia
progress. eau br procured by resort 10 loaast So
graz are The dtsrnufa uenru:s 10 any attempt
10 borrow on public account, and the rate ol inter
rst IS So iigb thai The purpose of raising money IN
lal no1r. must for the present Al least, lie abandon
cd. Desirable - II is 10 flush the works II Inter
nal lnrtot cmeHt Il a have been commenced, aud Ia
undertake aibets no less important, yet uBanrhof-
zedu has become ucecssMy,l lear, not only TO post
pone tie latter class but also 10 suspend some NJ
the fmer. Ia that event rs his interesting bfarth
# puhle policy would be cutrod 70 again. Is suon
a favorable change ia the Times would adnt, II Is
the pant 81 prndcnce to examine rigully Igto The
finances and 10 lay the fnnballans Of an ample
fund ouly pay the interest Of The Stale debt.
butte okipeuisll lie principal, aud Of any addition
to II winch The General Assembly may hereafter au.
lhofse.
regret exceedingly that il has become my duty
TO communicate 10 the General Assembly. smother
suspension of specie p1ymfnis by the Banks. IN al.
most every State In he Union, as II understood.
except New York, aud some oil the States 10 The
Banks OF Philadelphia, and soon followed by
many others 10 the South and West, lar rs have
heard. inc hiding all The Banks. as is believed. Of
this State. except those Of Wheeling and branch
of the Bank of Virginia at Portsmouth. As soon
the report reached me,my attention. lthoul delay
was directed 10 the acts regulating the banks OF
this State 10 ascertain what measures, under such
asate Of thIngs, might be required Of The Executive
10 be taken
BY Tie eilhth section Of the act establishing gene
raj regulations ior l1e incorporation OF BANKS passed
Mach 221, s37 IT'S provided, That the bulls or
notes of all banks hereafter chartered, originally
made payable on demand. OF which shall have be-
core payable on demand, IN gold and silver coin,
shall be receivable in all payments TO this Common
wealth bpt ilany such banks shall AT any lime fail
OF refuse 10 redeem It's notes in gold or silver coin
lis bills notes shall be longer receivable as a.
foresad and the Governor, for the Tine b lag, Is
hereby authorised ard required, by pfoCldmaton, to
declare the fact, aud forthwith prohibit The notes Of
SAID bank 10 be received IN payment Of any money
due 10 the Comuouw aud II the said hank
shall be one IN which any potion Of tho public re-
venue shall be deposited, the II vernon shall cause
the sad deposites standing in the said bank TO the
credit OF tie Commons eah or any Of the public
funds, To be removed thefrtom 10 some specie pay
ng bauk, ~ TO some Other place Of safety"
II viii perceived from Tins provision. that on the
happening OF certain contingency therein de.cfib-
ed, II ~ made le duiy OF tie Governor to do two
things. FIRST, Ia issue his proclamation declaring the
Tact ol suspension, and prohibiting tho notes Of sa
Bank $50 suspendng specie paymcnts) from heinz
received IN payment Of any money due 10 The Com
manwealth. Secondly To cause the denosilcs Of the
public revenue in "lhe sand bank" 10 be I moved
theretom II soae specie paying bank, OF 10 some
Other place Of ie,y. Both Of desc acts are re.
qaiied to be performed by the Gov rnor on the
happening af The contingency coricmol,,c1 in
the statufe--ior botb IL vii 10 'sco, 49,, III l..
the terms oftlle law on precisrly the same NH,
The very crave arl Imperrapi cLar,rtcr n lLo con,
sequence 10 now from eiihr, q, bnih NJ iho, ,,l,i
er legafd be had to the case and ro,y,,,i.
eace # the rennl. !, ,,e.,i,,,, ,b ,Ii, li -
the safe -ket ping and collection If IN, nnbl ,a,
-, the general ope,nliors of The II, es,,, ,,.,
I,rtiro H.. n,tl,, G...a.,. .I 49,. :" ~
lie ttrdu-all lhfsc e ns,,l,,.t,s ,.I = -,
bent on The T. xrrurfve IA cont .r,li, H. -;
inns Of lie Irai. I,,n,c - =, ,lo .,' -
tn,ency conlc9,latrl by ,hc, l ~, - ~,
impotfnot cons, anruccs ,v,.,e =, f,,,, -
sfty If nri,io,, - Ii, a. =, ~. - = ~
of the ot.i pl lsa7 i, ,l,ts ,,.,-o,. ~ u
iarocy General 10, Eis ooi,,,, nhi,h . -. Wv
c,,,,,,,,, i,,t.1 =, ,lr G,,,.i -, - ~ ~,
he scrn. ,L,t III "a o0ire, s,,,cJ 49, ,I,,'t,t 81
! = 1rrlion. ON fI,. s,l;,,., - r r. =, ,;.
i'm, ,r 10 i,, H., - -
opinion. thai .,fhe l,,, inten1el ~, ,.1 a.
IN Winch 40 ~ ,,,,, ~, ~ l''o''oo 10, e's'
payments IL I,5l. o,I,o,s - - ,'''e' ~, -.
and thaI the At,,,,s ,eo,,i,c1 or ,la ,' ~ w
he nr,,o,nrd =, ,I, .yn " ~" t'uo' WIZ It
j ,t -, " @ +" W ~ P'i'"i anu MOI gene
NJ - - Wv ''"'"''
! most +, o,nr.,,l , ;,aii, ''"'" f''r' penS a.
the Ranks IN ia. c,,nn,s''., - "'"ei S''op, ii
j Wbc,l,r, al ,I,o ~, y" 'n' ,Necp' .""s' d
=, po,,s,,,1,iL hos ~ '"V naoh OF Nnglhl'
5orL, asIo,h ,,,,,'s,,. 10 o'eef oe room 10
from any .e,ion a., ia. n.. - ''s'',
n,,cd Ev ,be 1 'S'on, " ',c op'hoh 'nil
j