Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-08-25

that you WANT What is it that you are e
"SHeNe oy means of such an institutionl To aiC
Ie1.anon and distribution; and thus to pcomoi,
PRODUCTION Oy ASSISTING exchanges, AMI creating and
increasing eSchanseoble valUo. am no, going into
my profound quesIioos Of political economy, about
"hIeh every one has his own notions. Bot suppos,
as TAR as VIC have proceeded, that no one can rais,
uouot mat Circulation and distribution desira
o'e aud necessary. They arc as Indispensable e
'he health and wholesome vsor OF the body pol.ti,
as mey are TO the healthy action OF our indivdua
organization. Can VIC live and do well in a state O
aostrae. ioui Is It not important, absolutely nece,
S'rf 10 our well being, that the vital blood should
make us circuit Trace II TO 1t most simple element
suppose there is a corner OF the United States in
winch there is a want OF money, or there is a wan
4" toaus, rivers, canals, and access to market:
| VIII there I've production theFcl No. But suppose
again, that there is money, but enough; commu.
hSouons, but insufficient; will It produce the ex.
tent It Is capable of doingl VIII Il produce return.
10 recompense industry employed upon 1t! Every
| oody knows II will not. II illustration j. wanted
TOOK 10 the hardy pioneer OF the Wilderness. Hav-
ing got portion ot ground, and built his los cabin,
Shd cleared lew acres about u, he FIRST care Is Ia
cultivate enough TO feed his family. And there he
stops. lie has no induce ment TO do more The
rest would spoil upon his hands But open to him
an avenue 10 market, give HIM an opportunity tn
exchange, and he will cultivate more, produce more
and increase his comforts and hrs wealth. Why is
u that your States Georgia, South Catolin, Lou
lsani, Mississippi, and Alabama) proiuc, so much
couon| Why Is It so profitable TO those who raise
E - why ISL raised nv SUCH enormous QulnttleSl
because you have facilities of circulation aud d.str-
button which open 10 you the market of the world.
WIKI roads and rivers and the great highway af.
iorded Ivy the bounty of Heaven, you can curry II
TO every quarter OF the world, and sell or exchange
u tor what yoC want Without this, what would
your lands be WORTH What motive would tbcrc
be for prOducnel A well reg ulated and uniform
currency and an institution which will secure n,
are in like manner essential to circulation and dis
tnonuon. You cannot do well without them If
any body dcsres to see proof OF this let Inn, turn
10 the reports OF the condition ot the United States
Treasury for the last FIVE or SIX years and he will
there see how the circulation and distribution have
operate! upon the Government. Have YOU not
hsen continually emb rrasscul Have not your "
pcnses been increased Have you not been Obliged
10 pay Tor sending your funds On place to an
othsT' Have not dcfacations increascdl Have
You not separated the business and q cuiatlOn of
the Government from the business and circulation
o' the People, Have you not created distinct
channels. announcement to both, and unnatural TO
our sys'sm, when, with proper arrangement and
csgGnIEalOn, yo. could mInCie them IN one and
supply yourselves out of the one grea; healthy
stream - uil which nourIsnes and sustains tho
E-o2.c, and iny'Sorlles Industry. II, without inu-
y, ans even with Advantage 10 the aiiIrs OF The ?
CToytrr nsn', we can se p Ihea WHY shou ID We NOT
DO %! W can d. Il, iOs We have done u.
No- j, ths a., The People besides hein, in.
lured IN then own concerns, injured by the in
Jury done 10 the Govern nent. For they paw all
How does II work upon the Government The
ment yon hlVCi the more you necessarily leave to
nd vlcua COZ iiCUce, the moe YOU nave Of def,!.
cations, the more you have OF frauds on the Urea.
Sury OF the country. D1es any one doubt this
iacii Can you not accomplish ali you most desire
oy nca.S OF national institution What YOU
nave done before Tor two periods the one for 20
years, the otG-r Tor period Jll- short OF tnat-as
ALREADY sn't, can be done again. During all that
'Ime you had no disorder m ycur currency, No ub-
> &c. 90 of NE BUSH ess OF life that respect no
arms between Tie affairs Of the Government ana
feope. They went on together. \ man knew
&c Il. eH-e between paying 10 The Treasury and
20 an .ad'y'-II, ana scarcely between paying q, !
che piece aud another. he was no. vrcc,! anu rN- /
4s1C..'et Us being Obliged 20 coasut tables Of cx-
,nar--. There WAS one currency, one value for
al; That currency which served the purposes OF the
Sgoe.t lu iUt.r own u1ty Transactions served ire I
purposes Of toe Go.ernmen'; an! iSom the People
10 tie Government, and withoJ, Inconvenience,
without sNp-uss, wI-AoI: the necessity Of ma knl.
calcU atoms rs to 10, value II the roCs an p- rrr
c, and 10 the amount be paid and the amour,
10 U- resolved Throughout the whole OF the United
States, there was one standard as nearly ss posi-
bic, and Sufficient quSnul,. We had one weight
anc one measure throughout. And even this S not
all. The Government Of the United SAFES was
enabled 20 carry on rs hsCA. operations without cx-
pense aul without oSsi for tv &. arrangement of
the Treasury Department ami such an institution |
i Is utterly o.. OF the question that any oss 10 the
pubic Treasury can take place, ,I-e pt where from
necessity, some portions Of The public money are
entrusted 20 individuals.
have, on A iorEIer OCCASION, vouched the evil
-cGce o. CocgTes. itself upon MS great point of,
security, and wi. no. now repeat il. This amend.
meat, then, embraces the p.Iu Of : national Insti-
iuuon with capita. adeq Jltc to the security Of this
Government, for whatever may be deposited
would press this upon the committee as the cardinal
point ~ the establishment Of an institution. EUu
have capita! OF tweuiy-Ouc millions of dollars
Fourteen millions, Or il may De the whole belonging
10 individuals, pledged Tor the security Of whatever
money The GuyCrum-n. may CulTUsl 10 the care Of
that institution, % any point OF lis operations ex
fenced throughout the whole Union. lit be en-.
trusted 20 on agency however remote, wherever it
~ committed TO person lcuug under the authority
Of that institution, this capital q security 10 the
Government for rs forthcoming when called Tor
There can Uc no better security.
What next! One uniform currency is esrab-
.isEeG throughout the United States circulating
from one point 20 another, and Transferred without
one dollar o! expense to the Government; no pay.
!ns Tor the transportation Of silver from point to
another no paying to individuals, You now have
for carrying II, say from place 10 place The Sc.
crstaty ~ the Treasurer hls only say TO that 10.
s'It4uJn. Il want the mYr1y belonging 10 the /
Government 0! The United States ll such a point.~
aud there 0. Wi. he found. How IS Il L, be done
And by wha. meansi IL Is no, necessary 10 inquire
how % = done. lis enough tia, t is done md
done without cost and tie loss, whatever Il may
ue, l' there be any, falls on the institution But
0. is accomplished ~ greg, measure by exchanges
OF business which such an institution enters into.
Here, then, are two great pY,n,4 gineI-security
and accOuni' DIlty; and that too without rTpense
And Is al further is gained 4 uniform currency
throughout the J1Ited Slgcs-by means OF which
the debtor auI creditor Of the Government lre ulc.
90 on an equal oolng throughout the country, fom
one end Of j, 10 the O.her. Certainly this Isa very
great advantage a.soi az advantage that you con |
have 90 10 otter wIy. And more than this an nd. /
vantage DY which the people ui he country are fur
nfsuoI 9th he means " fe.dy and very cheap
mode Ut trans srrns % where they van, 10 the mo.
ncy they have received from the Government, and |
what they have 10 pay % the Government. While !
you are securing uui relieving the Government
you are az the sime umc saving millions ~ the PEG.
pc.
The plan Of this bill. say. is adequate IN hi, |
great purpose oi the Government. I'm the frat
I..lce, because the capI.lI is 10 be distributed .
throughout tDc different portion Of the q. ST ,es |
and because % g. ice1 no the hsGJs Oi an Insttu
ton which, ,nlDglug Tse.l 90 DO. rDnsyci concerns
OF ius country, and % s general business IS ena-
n.e1 thus N DO what me Government by tsc.r c1n.
rot 10, unless you were ~ impair 70 he Govern /
me1t powers which are different from those uall |
rally boz .0ngrpg o. o., end opportunities which orc |
iy o. sought; lu Ottar words, unless you cothc
your Go'ctnmon' Itself with banking lacu.iicr, nnd
make D.. "a OIrk.
Ira, sry, 10 the Cardinal point; md no one can |
deny but ult here exists he strongest possible me-
-rs.ly iaEi. IN myIyIsucnf, We are bound ty !
establish % by solemn tuy. Having done Whtt !
500 have DONE you arc bound 10 make 1u effort 90
complete what yOu have begun, ny go adequate and
better substitute ,Jr wht, you have removed
- much IJr the Immgdnie purposes Df tho Go. |
Yrfnn.u But. as ~ the people OF the country ore