Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-11-08
BANK RESUMPTION.

BANK RESUMPTION
We ear great dealsaid, no~-a-days, abou, IN.
resumption Of s!,ecie payments by The Banks-aod
II Is c"niendtd by some, who We think would be ~,
sorry to SEE their counsels prevail, that il nm,
be compulslse, II il be not very soon ,olun,.,,,.
commenced by those institutions. The Lep,.l,,,.
OF The II rent States are loudly called spou l., f,..
The Banks 10 resume wind up, and those mann.
be's are io"l'shly and falsely charged with BEN. IN
ger Bank ih renee, who doubt the wisdom f
thus rigid policy. II it rue as these noisy Ind.
money men ass,rt that il is IA contest for .un,em,
cy between The Leg isIaiures aud the Bank.-h.-
tween The law.mahing power and the creatures NJ.
the 'a"-liere would be some semblance of r.asou
/" 'htir demand, and just eroud Of Indignation If.
were not responded To by the prompt action of tn.
legislatures. But eyena mole, i, seems to III,
Ought To be able To see, that though the Banks might
be compelled TO shut their doors BY laws en(o,c;,o
'"e payment Of s. ecls. The People would be the suf.
'efefs at last What ale the Banks Merely a..o.
c'"o's OF individuals, who, for certain ptv,Icp.s
conferred upon then, obig.tc themselves to DC ,lo,m
CERTAIN duties long series of unrows,d events.
perhaps 10 some extent their own ndiscrerl con
duet have deprived them ofthe power to perform
'"'se duties, w'ihou, rum TO themselves even.
MAT consideration might no, be powerful enou, Oh to-
protect them, If their rum would not nece.sa
fy Involve The uttrr prosTation Of Thousands of
Others having only an medicinal Connection with
the and operate through The endless ra mific
OF Their Transaction, and itnuence. as II universal
blight upon the prosperity Of The country. Are NO
prepared, IN order 10 attain doubtful good, to in.
cur tins fearful hazadl Are we 10 he in PEELED by
The sfrse!ess clanor Of noisy dcmagogues, the A.
pos'les Of Ignorance ard PREJUDICE to the adoplioo
OF rash and harsh measures towards the Banks.
Which, striking them first, must extend uItln ately
ana rap'di. to every class OF society # not 10 every
individual OF every cassIike 81 ark Of electricity,
touching chain, and vibrating through all its link.
Inc bankso" the people the amount of their notes
~ circulation, deposlIes, Sc. But how many mil.
hons more do the people owe the Banks! Aud how
many millions more do those, who indebted to
the Bat KS. owe ohe,s. who dol Who can estimate
the amount! Yet compel the Banks to pay in spe-
Gle all she'r bleatons-and they, in sef-deience,
mas make II like reqnislon npon their debtors for
the pound Of lesh'-and their debtors, in turn.
must proceed with the same r,gor towards those
who owe lhrm-ap SO on. until not a man in tho
lccs OF the blow. And lhs too. in The face Of cur
rency already wonderfully reduced, and still daily
process OF reduction. We are opposed to a. irredre-
mabe paper currency; but there may be worse evils
than that. Aud he people will see and feel it, it, by
rash and III advised Of lie islaon they en-.
deavor Ia prec pitale cent, which, IN order TO
he bent ftal, must be based upon The capacity Of
those institutions 10 meet ii. without danger TO
themselves, OF harshness to their debtors. A return
to specie payments IS earnestly to be desired; bnt
we shall pay 100 dearly for the whistle" if We pur.
chase II by the wde-s read ruin which must result
from lis premature endorsements.
Senator Rires.-Ths Charlottesville Jeffersonian,
OF Thursday last. say: "l is cuuenlly rumorcd in
IN town tha, Nj, VIM. c. Rives has declared him.
self IN favor ol Henry Clay for The Preside"~g.
Mr.. k'ves mas here on Monday, and is sail to I'VE
made The declaration 10 several gentlemen OF Tho
public "a are
Robert H,ckhGe, stn.-Tnis individual, who ia des,
c'bed by the Lexington, Ky. as .lhe most hearuless
land jobbet the world saw" has recently conc
over to lie Tyler party. The lnellgcncer says, his
deseron from the Wing ranks will make IN kentucky
out OF Locoioco materials, n,o,s genuine Wings
than there are Tyler men nth of Masons aud
Dixon's line. Ii will be IA first ra,e swap
L. See Gen. Talmadae's admirable spt ech at
the Fair OF the New York Institute, with The .ppro.
pirate commentary Of the Baltimore Amercan.-
lhey show us what "lree trade 'as exempfed by our
own theory AMI by European practice, is doing Tor
us. nation that buys wha, she ,oill, and sells on
y what she can, IS IN fair way to be in pow ershed;
and she may wrile upon her tombstone, Here lies
the victim Of an abstraction"
More Specie cG.-rhe N. Y. journal Of Com
merce, al the 2d, states that the Philadelphia for
l. 'ndon takes S35 000 and the Oneida for Hauo
1851 $780, IN gold and silver. Huzza Tor free,
Iade.'
o. Mr.. Profit. Of indiana has been severely
rebukedhy his deceived constituents. Tyei-sm,
lie viii d, IS less popular with The people than II Is
IN the rdrous OF The court.
u The Globe is severe upon the C"urt Jour
nal, Considering they are allies. 1.-The hand
organ is he new sbriquet Of tn. Madisonian-
which the Petersburg Statesman, auo her Of IT'S ue"
allies says" as an instrument that frequently shil''
10 barrel and that is payed for money" The Glosa
hopes to supeisede the Madsonian in the affections
OF Ar. Tyler, and To be rel stated in its sentomi