Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1840-03-28

The House Of Representatives, Pfvs'dias
resumption u ~srteis Payments W The Ba'atss o.
this state. The pfesisiohs II This bial n,fse \
Inc interest Of The stockholders 10 isstlins e'etle
nay fnen,s d, ss early 4 date A possible, BUY tue
same time aIl,w The banks The privilege OF 4co'n
,~ppda,ina ,t,enseise 10 The necessity Of theiT delt-
,ts. witlop, sacrificing Their charters. The f;lcw
ina are the al srd 4.h sections Of This bins tslieh
stpcify The time aud conditions Of the fss,ii,p-
iion.
Section q Be i, enacted, &c. That all The l'n.,ks
III Ibis State shall, on Vt betefe The Rtst Neone'as
vf January. laaz, (unless The basfh. Of ny MD
die aud westptn states. " a tnsj,fity o. i'srii'.
shall utesiuusiy tesu,np,) resume the psyh,s,'t oi
all their obligations IN specie. and IN deirps OF
which, they shall be liable 10 all The penalty ::snd
fotfei,utes /, which. by Law. they ere. ot is1x be
subjected, trf The violation Of ,he ctndi,l3a Of
their charters, by having failed 10, pay thcI4 ::b'i-
aatiuns il, the current money Of the anited
States. .
serti,t / De- IL enacted DC. That this shalI
not he to-, 4,rurj 10 impair, IN any ntaniV, the
risbts T individuals IL demand, IL all Ting, the
psy men II specie from said banks no.sc re.
lease s,i,l, banks. 40 ftfusina 10 pay saah de-
manls "tl them IN specie. ftotn the rex,fia'y
p%enai,iss 10 ~hicI they rte, OF may bs, Their
respective ~clai,efs subjected.
prs,tc Ms.suats.-It is truly Imaginable
,Ia, IN these times Or universal md dsep distress.
The stisi, u party shbuid t~nshiiss, i.seli Niei 30
much sirulenry, even il The balls, OF Gousri'. from
whence should emanais JUS, and pure ,ssasutes'
s~esfreiy 4 resolution or a motion tss, ;'t,S be
made IN our national TT State assenbiiei sut II
mus, be weighed IN The balances Of ps,a inter
raj, II nasl he ~eastfuIiy scrtitihittd all III
hearings, lest theirs be sotns sinister t,ptA IN the
msvpr hidden beneath false colnts soiap undei
current whose tendency may lie 10 The fus,lfetencs
Of sope party policy. Can I, be suppnsfl tina
an, god viii rebound 10 Tie people, vS,es sus
pition and jealousy are the ruling ps..aisns II
our t,eaisl atpts and tulersi That The ,;eorle q.
4 body. ,nus,, In time, he the sufferer. 1ua' tli.
all eBstossihg party sritit. which. ~ e--rt'plisl
liz purposes does hot hesitate 10 subaii,utiAsselinl
fot reflection and prejudice for teastn, Il sens II
will take the trouble 10 note The t~enjttity 4.assips
events.
The caiamitirs, Of The people ct.prr-rs'l will
debts and cursed with a deprecated ~'nttTss:y hss'
long called fet some efficient a%t,iops OF tfe par
Of Congress, 70, their relief
Such relief however as The people ,~isa, has no
been aud We greatly fear. will not By s.,p:gtant
I'd. The genetal Government. is itFYessed !,
debt, and IN pfesen. revenue is ar ftak. beinl
,~uTaeien. 10 meet The ordinary :estssnaitufes
The several States are, atso In the saneN~ ,adi.ion
some Of them unable u meet even Abe h,tstest 0
their debts, and have beencbliged e rtsS ~ TO iies
loan. f,r ibis very pasposs=-,hs k.seplxI are EN-
battas.ed III their business, properly II dimlnish
Inn In value, Cotton and: all The sfeat ,tsples d
the Country are declining In ptitesf et fa.he
they are ~ low ~ they can be--And fshst IL |
be The remedy M exclusive metallic :%tsitfency
The banks, are rapidly diminishing tie artcut
Of their ritruls,ion by ,has very means .'!sreasin
The public distress. BY m.,kins ,ncuey slstcs. an
Gcvetnmsn, IL preparing measures fol thei. on
tire desttuetien-Jo the, people espeq9 to be al
sisted out Of their difficulties by such Heoafse 1
policy as tAisi we believe that the es ~Iblishmet
+ Of an exclusive metallic CURRENCY, ~oFd en.itel
, patalise commerce and enterprise. anlSyn DO wa
ease The ceun,ry OF Its difficulties.
! We would commend The following Ilsasa se. "
|. an this subject. from a Speech If All aisle poll,
! elan, 10 the attentive observation df ouI readers.
! or all conditions Of society, that Is; raost pro
pesoas IN which there IL a gradual SOL fesul,
! increase OF The cifculatins nsSa;,,,n srfes essas
ecs ,ot ,se 'ap'a 're's4ss y 'hA salnat ST proper
and the price Of commodities. In saeN q state
things, business Of all Kinds Is Active lad anims
ted, every department of II aousiael. and lab
Is literally rewarded. M sacrifices Re made
: property, and debtors fnd. wi.hout difficulty, Il
means Of Jischafsins promptly their ,tb.s. Nj
! hold on 10 what they have, without ~ apptshe
y sion Of loss, aud we behold no glnt4l market
b or all conditions Of .,ciety tina, ID nl,st adver
e In which there IL a constant and RAPID jiminuti,
Of the smuun, Of the circulating tna,Eam. Del
ORE become unable "a pay their letis, proper
J falls, the market lie gifted. business 4~eeliues, a,
labor Is thrown out Of employ merit. In such
state Of thugs, the imagination seesfheal OF Il
t%eslitv. Sellers Geecsne numerous, ftom The a
: prehen.ion that their property, nqw.f!alline, "
y fall still lowet; and knrcha.e,. s~saflse, from !
e unwtllinsness to make Investments with the b
sarl Of almost ec,taie loss. s;C