Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-09-12

,o''una'e Paeht VINO, from ataie OF perfect healtl
has been reduced by the uost,nms Of the auaek I,
the point OF DEATH Is gra,.ly told by tho ,pnoran
pfetender that his mise, able condition IL not OWL
10 the nauseons doses he has takcn bn is entirely al
tfibnlabe 10 his former physician, whose prescrip
ion lac has discarded for years. \ giosser insul
was never offered To the good sense OF intelligent
people.
The party IN power is solely responsible for The
suiierngs under which the country Is snl laborng.
It's mud and liceniious schemes DESTROYED the best
currency IN the world, aud gave u.s. instead the pre-
sont hloaed miserable system whose siokly and
snlsHe action mpodes ever, step of enterprise and
pnfal,zes the hand ni industry One Of those schemes
mas been a Systematic and diabooal attempt To des-
hoy all confidence. public nr private. The ,ilest
sbhaefs against tile institutions and capacities oil the
county have been every where promulgated, until
the towering eye OF dsifustful suspicion is parne
with banefnl influence over tho whole Ian1.-Cfedii,
the enid oil confidence and the OF enterprise,
has shared the fate of ITS parent. The currents OF
business have been tudelv diverted, aud now creep
'ahlly along through ehokcd and ln,tnous channels.
during The existence Ola United States Bank, the
mixed currency paper and pree ious metals perform
ed Ia admiration all s appropriate functions. Al
present II Is ioialN inadequate the lul6lmeni OF its
duty ms medium oil domestic commerce, or for
tie transactions OF the most ordinary affairs oi bust
ness.
When Gen. Jackson determined upon the des-
tnetlnn OF tint Bank. he did not nor did his part
shns thon deny thu II afforded n sound circulating
noolon' and constituted cheap and efficient chan
hel through which 10 conduct The exchanges OF The
country. lie promised however thpi all these innc-
lions could be as well fulfilled by the State Banks
winch he said were entirely ndenuatc TO that pur.
pose lie proposed 10 dispense with this great wheel
on the express ground thai II added uenher power
nor certainty 10 The mauhne-lat The system wns
perfect without II. Experience has exposed what
reason sio'e Ia vain 10 do, the utter iaaey oil Gen.
Jaoksons views Oh this subject II always siren.
nonsly opposed by The Wings, aud is NJ length en-.
uiels abandoned by The other parry. Tho Wings
piedlcted that III the absence of National Bank
each state would cndeapor ihronch it's own ineorpo-
taons 10 seize The largest control Of the currency;
that thus u great number of weak and Jealous sys-
tens would be thrown into rude collision. and the
common good OF the people entirely lost sight of in
lhe e'Rshlne interests Of Thousand institutions,
tnhlly hostile 10 each oihef. incapable of aggregate
action, aud individually lnt ompetent lor any but 10.
cal purposes.
our predictions have been verified 10 the letter
80 iat tue State Bank system has proved u failure.
All now admit s total neompcteney, under IFS
present, otgazaiion aud mode of operations Tor fur.
nshlne sound and uniform cnrfenc ,or Tor carrying
on the exchanges OF the county.
Bu its Original advocates. rs nationnl system in
stead OF honestly acknowledging Iheir error and re-
turning with AS 10 the excellent path from whence
IN an evil hour they snascd with their charaetefs-
TIC mudesty deny that lhey ever advocated the svs.
TEN, and not only repud'ate then paternity, bun
The Wings.
Ia other countries ministers are responsible for
meas ufes and upon then success depends the sta.
bllly Of The hdministfalon,-llete. II seems those
Out 81 power are held amooable for The mapraciices
and failures OF those who weld II; aud VI arc char
gcd moi onl with Their ac1s, bur with their
worn out aud discarded opinions AT all events
both paflfs acknowledge the netilceney oil the pre-
sent system, aud the necessity ola change The
patty IN p"wet clearly indicates ITS intention 10 wage
war ol eNeimnaiion against ls old allies, the
blnls, and AIMS al the establishment upon their ruins
OF the snb=ueasnfy system In our own State tins is
openly ayowed. Taking advantage oi The we'll
founded indignation OF the people against the uscra
BILE systun which they themselves lostered into cx-
lsienee. md winch il pressing like an inc uhus
upon The state, the friends the adnlnistat alton have
long since commenced a fierce crusade against all
spfis OF banking. state or national. All bank paper
IL repndlaed by them, and banks, no mat
ter how honestly conducted denounced in The most
terms, not only ant-republcan bu
also, ~ the language Of one Of their distinguished
leaders, as aiming, "a faial blow private morality
aud nj public virtue, and rs consequence destruc
tive Of all pure and sincere religion"
On the other band, the Wings DESTROYS OF re.
lormt"g not OF destfoytng the paper money system.
They believe the plan oil exclusive gold aud sill.
yer currency not only absurd but IN this country i'm
practicable They advocate mixed currency Of
coin and bank paper convertible into coin the will OF
the holder They believe the present state bank sys
TEN incapable OF producing such result; bit IN
conjunction with a Unitcd States Bank, they know
its entire competency FOR the purpose.
The wings ATE therefore IN favor OF establishing u
National Bauk, independent OF executive Influence,
bnt under strict accountability 10 the representatives
oilhe people. They are in favor OF such an instI-
tuition, SIMPLY because They other mode OF at
tanning Their object, which Is sound and uniform
! he sub treasury scheme, which is set up the
antagonist of L. :. Bank. does no, propose
produce snch result. but modesiy assumes its sole
junction 10 be, The collection and disbursement ofthe
public revenues.
II this be the extent Of ,he measure, lis adoption
by no means dspeases with the necessity OF Nation
al Bank, for The collection and disbursement OF The
revenues would constitute but small portion ollhe
functions Of such institution. II, on the other
hand, II Is intended, as II doubtless is, that TIVE sub
treasury shall furnish paper currency, IN the shape
Of lis dtalis aud checks then twill constitute, 10 all
nents and purposes, Government Bank. I'm ef the
control Of the executive; what the Wings OF all things
most fear aud abhor.
am therefore opposed 10 the sub treasury scheme
not only on account OF It's intrinsic aud essential
defects financial system, but also because II pro-
poses IN lis selfish policy, protect the government
and not the people and PROCESSES to conne lis bene
fits entirely TO HE former
! believe the people Of the United States require
and are eutilled from some source, TO good souho
and convenient currency. do not believe gold ana
silver alone can furnish H. | do not believe the STATE
banks alone can furnish ii. ! do believe the object
can be accomplished by the charter of National
Bank, and thai Congress has The constitutional pow
er to grant such CHATTER. Sooner or later the peo-
ME will compel them to do it The present system
of things cannot be submitted to much longer. Ii
| rides against banks aud credit may Tor moment
tickle the ear, but they afford no reei to the sui
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