Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-11-18
POLITICAL.
on THE CURRENCY.
Fnrsa The C.fis,ias 4 ipocaie Of NoreMber

fnc.s The C.fisitd7 Il ttocIie % lNoreabeT J.
kcroun,s fam al qaarts's concur with ,esrsc,
t.,th- d-,orsbie sta oi,he,ourrency. What pas
-aes a. upaey IN place, at the value printed upon
;he lace al IT. IL at fain1us depr.ciailoua shut
t,s ance tson ITS place sei issue; and tIaReilers,
compel ed To rtcrive chae9e'iu current small
Of the place sn-re theya a,ay chance 10 he, have
lhem rejectej the nex stage, even ia payment OF
fire.
Much oil the paper in circulation is no doubt IN
irinsic ally worthless. but where its ultimate
curtv Is urn Fashionable. IL is sometimes al such =
discount as ID be heavy drawback the hyails al
lshsr. So, in Baltimore, the bills of the Baltimore
and q o Railroad Cnmoany, which have for a long
,<ses ~sfiuui-d the pr ncipa currency Of tie Stale
Of Mssyts,t,. les well as Of The city, always re
ds~rned by the Corporation II Baltimore, when pre-
eru,ed, by sork bearing mn interest OF q per cent.
per annun. ard the interest has always been pune
,uaIIv d. semi annually: yet these bills are nj
discount ,s.. ing r. m IL to per e.ni. Great es-
ritcmcn, exists and public meetings have been held,
eonmiiicrs appointed, and nel auons had with the
Msov Backs, and the Railroad Company, but rs yet
no .vemcdy illas be n io1nd.
Mcan,in.e, tho interest on our foreign debt fecuIs
~ the srasnns roll round aud silll buy foreign
commodities, many Of which we could do very well
without, which abs ,fb the proceeds OF eapons,
and hence specie Is constantly gong abroa at afine
when the necessities OF the country require a gene
rai resumption OF spscie pay merits by c banks
Nearly half million OF dollars shipped 10
Europe by the Gsrrick Liverpool and Qibec,
istel,. from the port OF New Yak. and 1t vii or,i.
nue. Ia go just as long we have any, and It can be
re,n,trd cheaper than bills OF exchange.
We 10 not profess 10 be deeuly vetsed IN n, Utica
rcon.ny; hui we do profess to believe that nations.
like inds dual. viii be ruin II lh.y y, tsisl to
spend mole Than their income, IN spite OF all the
rub,ieties u poIncLans or the skill OF 6nancier<
AID we have Z AIDE mp m ,ther opinion, name IL
that iIe sithol every naion consists IN the r,.
ind. 4
IL bun. inio acton by securing industry en-
payment and adequate reward. To do this there
mast be sVmelhins VIII winch labor Can be naid
aud " ich I'll. BAY the ner essarc. of life fused and
ma. b. safely land by u oorimmeditely wanted. 1t
Is of ~ consequence wheth'r tins be paper ~ con
all thai Is required Is Ibal II be II fixed value and
current tia, II, easily transferable from nan TO man
AM. i'om place 10 place.
The precious metals not ,iclies who're 4 DIOR
isnotsecote Vi rs re"atd. SPAN ~iih all her
'"es o'lfee'ous melais, was the poorest nation IN
Europe btiofa the revolution Ia South A mefea.-
She boosted ihh The SUI never sci upon her domln-
Inns; yet her gigantic bulk avdiled her nothing Mr..
Buke compared or, IN The BRUSH House OF Com.
mons. 10 "a whale stranded on the sea. shore OF
Europe he creative industry ot her People was
.nothsnulit iRo Scnan; while Enpland,' without
mines ii SILVER ~ gold, found the Wealh 10 sub
-s'dlz Germany, Prussia. aud Russia, and ultimate
~ 10 overthrow the colossal power OF Bonapare
by her money. What want Is some cufrenc,
which will py loi lsbo, in agriculture, manulac
tutes, CONN ice, and the ars A faim, improved
20 as TO augment its produce, has added o ihe ma
tioosl wea til IA duect r,to To the ncte .srd pro
duc,'oo. new factory bull, IS all gam 10 III,
w'aih OF i,e nation In neither the stones tiinbe,
n"T non OF which II is composed were worth any
thme. l. 'rinscally, until dizzy were used IN III,
structure, OF its machinery. l. Is creation b, hu
man industry. mental and oo,porcal; and SO will
'Nsy f'ni ihing TO which productive lndustr, /,
spphei. Lelcur statesmen connl,e same m,an,
b, Win tie industry oil The country can &c btooph
'nto Probable EN- 10y ment aud thu, will have dan,
Their whole duty as regards a circulating medium
Shoit OF his the, will and ought not to be AN.
he'd. "haeseT parry be ~ HE ascendant aud II TIN
h- done. t'' on'sei"e do not care a liihlne VIII Al
parry trium, bs.