Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-01-02

NAELhaG 1P-St
'seF' hsi ane last. il Is no. sitv.sled " ia ~,
u"Stoss consequences. when permitted 10 The
'"sn 70 ue latter. Tao I~ractieo of permitting
pHh.'e money To be useJ by ia kcep.rs as here.
"S'"'el 10 De peculiar 10 this coanvy. and % 1
scarcely any where else. TO procure il here. iaos
er mhucac.s are appealed 10; unv;so c,apcc,,ons n,
es'aoHshed between the Gov -rnnsent and vast No.
n's "i powerful State Institutions ;oiheF moiiyc
uhr P1ehc good are brougIi to bear bo,lycn
"lte end Leg slaiive departments. and s.
nations leading 10 special legislation. ar
~ undo the inie rcAi III banking ins.iiui
s.ock-holders Throughout the Union Il
tions for he Increase OF TAXATION ami
OF n surplus revenue and, while an
The means ara furnished Soc t.o
"Aieh lead 10 extrarsgan; uadr
and are the bE.runners OF q ya1
snspcT . \ ofihe banks at homo.
Impressed. therefore. as I ara,
the funds of the Government be
the private Use of either banks OF
public money kept by duly appointed -
ana believing. as | do. that such also il the juasN..
which discussion. reflection and experience have y,
d-eed on the public mind. I lssvo the subject "
!"1' IL "a, al ell sver:s. essential TO the Interests
Tie community anu the business OF the Goyenm,
that 4 decisioa should be made.
Most oi tho Arguments that dissuadc us from
Toying banks. in The crsluiy and ds5urrcmen, Of
pubic money. Apply with equal force 10 The rsceig
her noios for public dues. The diff renee is onl
l"Hn. Ia ono instance, the Government Is a G.
loE ir is ~depcsitss. and ia the ether 70. the Z
4 holds. They affIrd the same Opportunity for u
me pGsiic moneys. md equally lead 10 al. the
at.ciiiani udoii IL. since a bank can M safely :
10 disc sinis on n dtTosite Of It's notes in The hant.
a fu1i.; officer. IA on one made in ito own vaults. o
'he other hand. il would give 10 tho Government; 1
greater security, for, in care of failure. the claim ofth.
''oieioider would be no better than that ola dspn
10.
! an aware that lhs danger ;. Inconvenience lola
1 public, AID understandable urrtxur ,no, .,n,J III
nave been urged c. objections 10 requiring the iy-
htnt o. The revenue IN gold and silver. Thrtski
Jeeiions have been greatly exaggerated. rrvnk,
eesl estimates We may safely GT Tho amorni Of r.
ce an iIe e.uniry al Cigi,y-iNe millions Of Gollars.Ad
The portion OF that which would to emplsysd OF
one lime in The rcesiris ard d shGryemsnls OF The {
ernnsni, evsn if the proposed change were made
once, would rot. IL 10 how, after filler investigate,
be itSed. exceed four or FIVE millions. If the char
were gradual, several years would elapsc before
sum woald be required. with annual opportunities
The meas time In alter the law. should eELrrio
prove IT 10 be Oppressive or announcement. The
items OF The community on whose hssiss, the oh
would Immediately cTesaie. are conIrrniyely o.
nor IL j, believed that It's sii,c CT would co in the K
unjust or injurious 10 .hSsi ~
In the payment Of cutie ., which corsn
by "a, the greater pur,iun Of the rcven
very lsrs" prep IT o.. is derived from cow
SION houses aud agents Of foreign NOR
tures, who e II tis go9dr eorfigned TO Lei
z n rally, 4; auc ioa, end ufiet paying {
duties qua at the ava L., remit the rest az
IN tprcie or III equivalent. That the a
81 duties should. IA tuch cases lie a.so T.,
d IN speci'. cna barely tie = m1it,r elf
pla'tt. Our own importing merchrtv,
whcm the residue of he Gu . 10 paid
not cniy p CT! arly interested in Mains
4 tGuad oItic"cy. which The Dca- urs
|" u .-p'c ally profnCt'. but sre, fr'
ttIc oftbstr daslings. bc,tSbe ~ RI
-pScIs wilI se need ed and TO pFsrur
tie least d ticu'tY or rae Iiicc.
too, aino~t vniv r.aily % pl .ccs
revenue ~ received. ard ~Lcre the
tua COVE mn eLt tor enhancement
ceLt:itc, ia" nsso eSeIy opportuai g:t
and Use th'm IN tho pl' &C Of sPc r.
IL be Tor iheIr interest % Co: ven1 .nc.
t1e number Of tiese drafts, ani he "a
they may sIord ia well Is of he
With which ihs public fusds sre draw
d'stsried an idea "sy be formed frs
TACT 'ha', uf%nearly twenty millions bf 3
pald 1" c. doctors ard receivers, dtriug
recent year, the average amount in
htEds NJ airy one lin h4s not exc3ed
m'li"n and u half aud "tihs ihsrn'mi
received by the c~,llscIor &c New York
duti' G th" preseh, var. the sver,se al
all ny him rutj CT to drs:l Gnrirg~
rs. o"sn less Than half i miilipn.
lac ea'e md safety Of the ireasur
ne the public .noLey, are promote,
applcat1 n al Is own drafts To ia
cues Ibe c'j ctioa arIs'rg from
thom 700 i"i G uu.sisa6ing. IN ghI b.
snd they 80; insdc 20 Effvrd The
'rd bni ks hol ding 'hrw an ,quiva.
ele''nd IN that VA g-rst'y lessen ,t
&C ually required. Sill lsSs tuconveait
WI attend the rtq2.Femcnt of s2cc.a ia
phcaafcs Of public lands Sdcl pu-ch
Kept whaa msde for speculstlou. az
g%;re7s., 81, slug e transacti sns rafP.y
ed, AID u Is " fAci thst frr line lsst yea
4 h'E during che mites of s'urd .hauk.
necu received. cnore than , lnoieiy oil
afW+ht- has been voluntarily made
eie' h''hS \ lager proportion Ihtn ernl
oeen T GnfcdJ ~ th',, years usdeg he
alton prcposcd.
~ - moTecec( n princiIle than ",
's octter se!tlcd, hat the supply Ut
Gi,us metals viii always ba foInd
Io' t1e uscs Tor which they are
They abound N countries Wh-re a.
currency ishlipwed. Ia oar own st,ls
mil notes are excluded. gold anu
py their Piac,. When driven to
p!sc e by batk suspensions. a L.
10 the Community soon restores .Eci
.%rfhcieni q%oantity fr Ordinary pu'
PUtt'go sud other public dues have
tecteO IN coin, without scTo1s iacOT
eV'u IN states v here a dc prrciafed .
Grey has eTi-tcd for years, and tbW
q Of Treasury notes for a part OF
vas Done wtihom interruption, dO.
suspeuf iOn Of 1887. At The We-rr
the rccs pts aad cisbu;ssment.s fthc
mrht are made N l-gsl curTcccy MI
es portion ct The rniou-Np one sug
n Par'u-' from this rule and II a.
ee Suctsts'rl!g c,rried out. " W
attci eed wit even lees q ,ficnl:t
otes are again r1foensd m sp';
luGscd, . cannot th,nk thAE
can be raise 10 the rces,t.
nent o. k"ij anu snvsr IN ali pan,
-iODs, we're . not ihat thu sppfehct
! surplus in the tfea,asy nigh,
.'rse portion II II hon cireul.tIoo