Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-11-29

full the election, enough
known to satisfy that the Debt Sponges have cacC
the State by amaoriiy Of from to 3eoo We shall no
calit Loco Foco triumph because we hope the Loco Fo
sshenlseyes, of Mississippi are too much ashamed
Of their associates there exultovcr victory achcvedb,
nappeal othc worst passions of the basest Indeed
We see evidences of this fact already developing them
selves. Sec article. in another column. showing the
views of the New York Era and the Pennsylvania Key
stone and that even the writer of the Money Ar
tcle in the New York Herald. than whom there is nu
ranker Loco Foco, declares that. 'hc people Of the L.
States will never permit any of the Conteracy To
infct lasting disgrace upon the whole country No
State sustain its position in the Uniun and deliber
ately dishonor the Just claims upon it, Let these scntl
gfa.s be every where proclaimed until the very men
Mo have got into office, in Mississippi BY pledgng
themselves to dshonor their State shall shrink from its
redemptlonor. rcdceming it, shall be blasted by the
..bot, kissing breath" OF public contempt
b. Al meeting Of the Loco Foccs in Powhatan
county, few days ago, preamble and resolutions were
adopted, assuming tia, long the State has any in
in Banking institutions IMMUNITY will be- gran
ted these institutions Whenever they may che, Sc to
suspend specie payments, however long they NAV de
ermine to remain in state Of suspension; and recon-
as it can lie done with prudent regard to the
interests ofthe Commonwealth" This is certainly =
very prudent" resolve. The Locos are famous for the
dogmatic assertion of certain abstract mott, ms: but they
always very 'rrudcn, finch ir, IN their present. prac
teal application. lftler principles and d, Grimes be
correct Why dn' they march up at once 10 the issue
and .oe the mark - Ii the connection between the
Banks and the Commonwealth be thus corrupnu in its
;pnu why DIN they moi M
rorce? Circumstances say forbid "prden regard
for the interests of the Communicable instifc DELAY
But what is the Commonwealth but the peoplc-and
did not their interests demand the tolerant and wise
heretofore pursued in reference the Banks even
if the State had held single share of its stock =
Or when they speak of the Commonwealth do they
mean the State in It's corporate and intangible character
and as separate and distinct from tie PEOPLE Of which
it is constituted Such an idea is worthy If such
adogma If the State Treasury suffer no dctrimcnt.
these people loving Democrats care not "A flo what be-
comes Of the interests Of the community Let the GOV
eminent take otseli and people ofthemscycs
is doctrine only worthy olho darkcsages ofdespolisln
and is wholly Incompatible with the theory Of popular in
stituons. Governments, according To that theory are
Instituted among men. tr the benefit cf Hc ecrc,uc,L
and its laws ought to be enacted with this purpose and
10 this gItat end. In toIcratinn the SUSPENSION #
specie payments. the Legislature had this purpose in
view. and tins alone II not as has been falsely as
snmcd, TIE interest of the Banks alone which prmped
justified this cneney. 1t was because the inter
rsts Of the Banks and the interests of the Poo
pie and Observation-Disclosures they 9. MD mai
deal harshly with the one, without visiting that harsh
upon the othcr-hccausetl the same cdic which vould
have Frustrated the Banks would havccrsIcd 1hccmuu
nifty. And this would have been Just as true if the Conn
monwcah had not been stakeholder as il is now The
whole error of the Anti Banktes the
ton that the Banks constitute separate and 10 stin,
extent antagonist interest in the communication
they artificial Monsters clothed with ooanijc wrrs
Which enable them at once oprey upon the people and
defiance to the laws-wlen, in truth they are pillars Of
the financial fabric which be weakened or destroy
cd without shaking society itself its foundations
1t may be that it had been wiser to build without
them; but having decided differently il is certainly
no part OF wisdom prudence now rashly to pull
down-certany not until they who are so cauer for
the work OF destruction shall have told us with what sub
sll'ute they intend to prop the lettering odifice