Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1841-12-16

'enaisy Affected the staie Of orr for,i~n s,.A...
90 ~ VII require IiEss TO aliay the .ei,s,Io,
men oss ices pfodoced BY these causes Th-
| S. whence they have taught, 10 10 20 be
nopeu' VIZ be remembered. In the mean lin.
me reeuPerstve energy Of ear p~opI. nj, ,-,;
90 restore more heslihful eood.tlos Or,
SANS must feel the SenekciaI efee,. AZ ,,eh !.
change. and Il prudeatly managed. ma -.
sIe themselves 10 an inpFegnsble positioo. =
- shoe'a Dc remembered that ire vifhd,v.I
ron TVS state OF the capital suppi,rd nv ~.
Bank q the United State. Ia, inn 49, 49,. ~.
S'f- Banks the necessity for q NOR, len ,-n,
-St,e towards their debtors than misht o,her.
we nave been repaired The aecommoS.r,o,,
Anefesd the Comnonveaith IN loans 40 rn.., -
Puone ehEeneies, has aAso eoatributed 20 mr.
rea' mar conjunction Of The eirculation which \,
sh"His he their nblcei 20 eject Under s.i.tio-
circumstances. u would seem erp~dien, 80 a.,
.end me relief afforded BY the act Of the Is,h ~
March last, limited. hovevef, 10 a neriod ,,hi.h
while . may afford doe time for tesa n,,on III
Pfeeiode the idea Of future induiRepes Wh.,.
ever your wisdom may provide. u is szeptiaIIv
important TO The credit Of the BANK. ,h.,r..i-ayy
TO The interest Of the Commensurate 80 >. -. -,
restoration Of q sound currency. thst ear, ,bo,H
ue taken That another resumption be not FOLLOWED
hy aho;het suspension Of speeIr pavn.a,,
cannot b denied that the rec kIs.. eoar,,
OF msnJ OF the Banks throughout the eovntry
200 ssPeenhy Iheiais bank Of the United Stss,
public confidence In oil such ip,,i,o,ion. s,,~s
esea'nE strone prejudice sEsinat iho.s whose
huAhs hhNe been Pt0dsatly mnnnraA A !,
seneraiiy admitted, that the wLola bsnkinr ,v,.
I TEN requires reform. Bot sound poIiev S,@tsis.
Isa' no har,h OF violent remedy should be resogl.
sueh restrictions should Be inpossd %
experience has proved pecssssrv pud ,.ch re.
sonaeis indulgence should be s1te od,d a "A.
Puonc interests msy require. The fOtfsitun.
OF the charters OF these instnnlIoss In No., ~
'he states vii greatly facilitate the r,forn
rhieh $50 much bseded. % 10 IBdispan,shI-
us" wholesome resuiation thai The STATE
should possess sslutsry eootroi over the i,... AZ
iher notes. But lhIs control cannot b .6,ru,-
= ~ths the interests OF the State N n atoek-
holder are nsauhod With those q tn hank, =
whenever an entire sspal alton Of these inI.,.
e'h can be elected, the former will be mora an.
oePenseni M sHseting, and the latter more eau
''ous in avoiding penalties whIeh NAV b. r,-u,.
red by VIOLATION Of their ehartsrs IL Ia. \.
true OF the State Governmen Ut n a. no ls,. tros
when sPPlied 10 the Federal GoVsrnmeal To
associate that go'ernnsAt g. an equal p.rin.,
van private sIockboidsrs, ~ To astr.s, f,a,.
sno degrade iis high add rssPonsIhIs position.
there - moreover No WarranI an the F.ds,.l
Constitution, Tor the e0iteetIoa Of mons, fro..
the people 10 Be loaned out Al in,ars.t ,h,o.,-A
n'esPoesioIs agents " irTssPoaslbIs indiV tduais
hut IL - natter Of history, that tAa fr,n,.,.
Instrument Tailed 20 adopt any Of the pr,,-
Pos"ao"a which we're subnItIsd 10 Invs.t t.on-
800 s s me power Of erssIiDg eorbsrstIous.
| ''Ou 'ness concentrations, the Insapara-
ole ooJesIi0na WhIsh have ever basa .utsrt.ins
% % large portion Of the Ansrieas D.onl..
sIthst upon the ground Of eoastttut,oaai,t, =.
OF sAPedieIey, should forbid the sxaT.,.s n.
N"DBiess OF tbs power 10 moor pOrals n hank a.
70 ssAollsh corporations sIhsr Ter kseaI ar a..
o'"e' purposes. The opinion Sesas 70 Be en,a.
ioB Stuuhd that Sueh an IRstItutioa an ACT 60
PensAbis As q regulator OF The eutT.nr, -.
'hs' Tie hseAl anaIrs 0f the nation NAV q soo.
'ehssntIy managed WItkO9I its aashes r.
Soaoset VI Tie ists Shk Of the ua.a S,s,.. =
"btSh hAs proved 30 rainouA 10 the e,,,,atT, -
30 SOfFuPlipg AID dsH'OTsiIEihg IN is iaausse,s,
rs tA@hes'iohs, - veil calculated To
shshglhsn the inP' ossioH. An iasts.s.a e..
cuiaton Of the precious metals n ina !. .e..s.t.
SQUAD currency. To suA.a tAi. ooieeI-
500 " iMPfvTs Tie currency throurhout A.
OsiOo, becomes me inPeFIous auiV Of sseh
me mosE OF The sO1iedsTsey, By proosr r.s,Is.
uohs, fiE'eJ 1ad PStssvsItBgly snforess. n,
A U.s. osSahg ma,hutioua, aud 10 sssnrs n
durable basis. "
ths sll'Asion Of The Legislature IA r.. n..,.
'u'J mtNes 10 The ssTsTai seIs Of Aaaaahiv
Nhieh direct that tbz BDtes VI oar Sta,e 49,
shsii os received 10 payment Of laIes aad dr.,
'se COm noAH eai'h, aud Whleh prescribed Ihe
.us"O'I9 u the EArvutivs IN rslaISOa - ,As
I ~
virginia HBd the FaFmeTs' Bank e( V,fs,.,s
ne arPo"'of'es dessenaEec BY lav, have boih Ts
iesra 70 receive 90 general depoSlto ths ,s,s -
the NofIhwest<r4 Rank Of V,rsint. 80 -.
ssishsAs' and AecAs4Ies' Back Of Wh,rsr~
10y As'ga Is ne IsAsOR Tor this fsluaaI. ,l.2is
'a4.',y ~ mshe aDy satisfactory aTaherneat,
~ih Ias wheeling Backs for ne fs,lesI 49,, -.
exchange 81 their bolcs, aRd he los. 10 -.
consequently sneOub'ef. The failure on ,h~
PER- 81 The dtPosite banks t. receive th.., ,,,,-
aha ,heh dspieeiAiioR 70 The eastern por,io, -
me STATE, Nhich may be partly atr,sv,,bt. =.
ma SAu-s, INDUCED 90 sPpi'CatoA 10 me Rrsea-
.. .V@ ,ne sheIiu Of We so0Bty Of Hsnr,co.
-s " e'Ite' Wa' thr u0tss shosld Dot BE- 70.
/ esFea ~ payment ~ the public does a, a..
me Places Vt drPOziie % the pubic t.vssn.
shOaid b changed. The correspondence. ,n,h,.
| suoieei ~ hefrNtih communicate Wk.,b..
'he EAeeuuYe has the poser 10 direct ne ,hs,tas
/ !" refuse yhs notss q any oi the siate RsnL.
~ PsJ mtn' 81 tstes, Is qossiion abost vh,eh
/ 49, Nehle 9iHsienee 81 OPibinn. Hot afeT
me meat mature dshbsfauoo, th,sh raj = 80.
Interpretation u ihs law eonlsts ,h. ss,h.....l
500 hai ne Llfeutse MAJ pf0hibn b. $780,
1 maliun ihet fscrpuOb Undsf tkis a. ,s,,,.,-
nou' should nst have heaitais6 40 s,.,,,lt. 80.
suhofrJ. " ] bad besn ssttsasI -, -
eouiss ses dsmahdsd b due regard 10 - III.
/ f'tN', % ne Commonwealth, aa8 shat !, gogis
Rave hrtn foastsfsnt uith iasfies A. a.. 49,
| TIE dimeu.y 81 Nhich he sh~sja, .,,,iS -
placed, - beng fsqonse b. Ia. a. '.-..'.
ao'ss Is' hsfs, uhich, shrn lsndsfea q a. ~.
! go.'e OaeEs' soold ~ fsfs.ed. hss rses,sss
dne eonndefsiioh. have also abr,o,,.i, go.
90 the pfetaetl lots ne Connsssssbk $3.50
i1','lh y ihs ieeeip ~ her oeicsfs Of ! pgrros
=. lns fFsoas 70 tha depferiatsd pspsf-a loss
y gas bFiisFsa q aosid BE-, by
indiTi4gai purchases 90 paymssf zero 10 T,...
Wy plt eisff eoasstssaboas dsassdrd A.
ifn"an Tie siaismens uhish hon ha,s -
'--n- hal pe.n iaihi.hed - cepafiasai sEhittis
l - ihf coDdiHrr % rhs Wheshna nasts -.
lafdfa ~ itaspn 10 fo0hi ibss tuivesry rke
| NemmcnEesih has a large fatsfesi - ihs sts~s
I 20 ihose iBfhini'nnF ~ sioeshai8sf sss 49,
ever indscemrhi u sasiafn ibem - faf a. go.
iicate Ihs Pfohfbiton ~ fecsivs ihssf &C.,
! ~ tfminishinr Pubii1 eenftsues, steAf 90 ~
~" WesHaiton bsi, ab5Vs all ~ iseoevs.
nfeees, q 80 oYpfeasipn. ssies saeh ! --sss..s
pacff ffifi.hg encaassi $685.. aoai1 ksvs 49,.
~ uppn = iaffs poiboa ~ ne pensis ,ske 49,
'a.'ny ss2eaaeai - usoes hshts ~ sissu ist-
- @edi1@, sad uha have 80 ottsr sss.,s -
payinE ttsr iaHes, rrsfrsef sfr.-.f. =. ...-.