Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1839-05-09

| PRESIDENT called Congress together Tor
the FIRST Monday in September. At tn,
calico session. be brough, forward the
memorable Sub-Trenury project. prcpos-
ing TO collect the whole revenue OF the
nation IN gold and silver alone. and 10
commit At. for safe. keeping aud msn,se-
mcnt, 10 The exclusive custody Of eNecu-
tive agents. Considering that this iden,i-
cal project had slrcsdy been under the
drhbcra'Ion of Congress. when u receiv-
90 but 33 vote, IN body consisting ~
3'0 members and the political friends OF
The Pfesideui, with one solitary sxcsp'
lion, had recorded their votes against ~.
has recommendation OF -. nj this time,
VAS undoubtedly very bold movement.
and startled, and reused into an unwon;ed
/ lone Of remoas'r,nce, some Of hn oltcs,
and most implicit admirers And vet
my opposition To u. cslm!y persoyered in
from Dolly strengthening conviction ~
Z ats h'sl tendencies 10 the liberties and
b haTp'ness OF the country. bn, macon.
I panied with the a'oning declaration o.
determination ~ sink or sSim' with
the authors of IL. iS the unp,rion allie sin.
which has brought upon ne tie fierce and
! proscnp:Ivc denuncia.ions az which !
have been the devoted subject. II not vet
tie inmo,a;ed victim. The Precedent. y;
J least. has ~ night To complain Of ne Ter
/ this opposition. lie had, AZ very carly
period, information 81 the view, which
had long entertained on the subject and
which would render It impossible for me
10 support the measure, 81 he shur'i fosl-
iy determine 60 recommend -. Very
/ S1on alter he had issued his proclamRiion
4 conVcuirg Congress for the LIT Monday
m Sep'e mber. he addressed ne a letter
under date Of the .,5ih Nov, ~. inform
/ ing me that tho great question of tie
session wonld be the nature end chsrsc
ter of The future fiscal agency Of the Trra.
surv," and requesting nv views Of the
different plans suggested. which, he did
me the honor 20 saw, he WAS sure would
be of great service 10 HIM" These view,
in compliance with biz request gave
him very fraukly,and distinctly in let.
ter ] wrote hun on The "a luce, 1891. ,n
extract from which. being the whole of il
relating 10 that sulJsot. rriK lire iEscrt.
81 had suppo'ed thu, opinion, would
be divided among the three projects
which. learn from YOU. have been suc.
ges.ed. LIST. a National Bank, -2rd e
continuance OF the present system of De.
roslte bsnks. with any improvement
which experience rsy have indicated -
I'd. a total dlsconneciion Of the govern.
ment in is fiscal concerns from Ban&s or
5snk papsr.
In regard 20 tie a;,.. !, isno: necessary
10 detain YOU with any remarks. lis un-
cons'',u,Iona!ily and iuexredlrncy rro
efrsl!y demcn.,ta5lr. and PROVE i, TO be
IN every respect InAdmIsSble.
-is 10 tie second. have slways lel.ev-
ed With Gen. Jackson end Mr.. Tancv.
who founded the system. that selected
State Panki under proper Tcgul,'ion were
+ adequate TO all the fiscal want. OF the Go
veTnment, sLd might be made u.,iul aux.
ilisries IN the improvement, Of the ac,u,l
currency ot The country. What las re
Gently occurred. has not impaired nv
confidence IN the capacities AID general
usefulness ofibe system. ], worked nd.
rnIrahly for the frat three years and II II
, had been temporarily MroirD ont 81 Csor
II is owing TO disturbing causes. of a verv
peculiar character, which are not likely
10 occur. or may be ~ arded sgsinst IN
future. Different minds will trace the
disasters TO did-reGt eau,es hut oil WiiI
adnI. them To be 81 al extraordinary aud
anomalous Character. not shsctIng the
general uiiiitv and efficiency Of NE svs.
= tom. Let the necessary femstirs sud
Improvements be eugraned on IT bot
Why should tho system dself Phich va,
; adopted upon crrs, celebration. which
has given proof 81 is efficiency Nv three
years sneoe'sfl! oreTsiion. and which j.
; certainly recommended hy gres.er conrs.
hIrEcSS tor The collection. safe Lr,rina
: and disbursement 81 The public monies
than any special organization, Which can
be devised, be thro~n ASIDE 10 Try AnrW
and 10 say the lfa'.. a very doubtful s1-
, Irvimeni.
) That experiment. as 7 uuicrstari -. q,
% discard snhe tie use 81 Banks srf
; psnk FopPr 10 eol,ec, .bd psv oui lie
vbole revenue in Gold ard SILVER. snd
20 ,'gs"i2o q distinct oG.c,sl sg"nt Tor
lie performance Of these func'i.ns. Sop.
posing Tie scheme ~ bsrtactcsLls. y hai
'o' ieot vii 30 gained ty IT. Il 1T 90 lead
%" wsy 90 m srsig,r-s metallic currency
for the country Then say. ihe o6
jet j. visionary and Il - peTe not ne
means - uholiy inadequate ard indeed
CONTRARY 70 the end so isr A. t!c cucuii.
fiou oi he metals - concerned
]. % 20 secure a sepafs'e re'si'ic ~.
dun fer tie uses e the Government
Tons Then, "y. phv sboUlI ias5s
20 one currently f9r ITO Go,crnrert en-
another i'f ihe peopis--Why should che
public ofieeu aud e'affsrtors Pc pad In
hafd moue-. wien ',is people 30 oor'snt
with convertible bank pspef ~ their
frsrsrrftgus Nth co. . aorfi efs Il lie a. .
jsct 20 place Che revenue u the Govern.
r'ent bcfond ihe casusiiirs Which NAV
beti'o che general currency. sd 20 eh.
sure in fVery event. pas neni 90 sc cred
iiots 90 hard money, even vhen rosfefs
inF grreIVm value, Thor al is 81
right and expsdIfni ilus 20 iscigis he
Geysfnmsnt from tie general interest,"
add wants 81 the cornuunuy' 90 sic