Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-10-04

tcmen w'h whom am ~ the habit of association.
said TO have his private ear. Ii may have come
ftem some huellng scribbler forn duty penny pa
per. advocating AZ the most dees ,ble and drs-
Inuctive l.oe,taco doctrines but surely, II cannot
be. thai The American People arc now be gtavely
told. after -,gh, years Struggle for reform Of the
currency. that M bill ~ To become law that has
lnr ne ohj-ct the better collection safe keeping aud
disbursement 1.-THE public revenue lha, Tfeasu-
~ agen, to perform The fscat purposes, NEE, The
fiscal Udnts and e1,eenc,es, supply the fiscal
snd exct, the fsed! agencies Of the Treasury oi the
United Sta es. must no, be national IN its chars
ac,er, but must be cou6ned IN ns per sc opeta-
tlons. not to The Union. bu, to the Dstr.t III Co.
umbia; Tor every law passed by c ngtess is q, ne
cessuy national. except those passed ~ a local lie.
gisla for the exclusive beneh ot thr Disuct aud
the Territories
Why, SIR, II rumor speaks the Truth mean tu-
NOR with y thousand tongues, not the "Ru,nor" al
The other end OF inc Capnol, that has OCCASIONALLY
hten most Improperly Introduced hore--bui II IA.
NOR speaks the truth, the title Ia tbs bill MAS IN
the Presidents own handwriting, aud ns provisions
~anct,o ned by him before IL was introduced here /;
but moie OF this hereafter.
lie adm Is that ,ls powers are seemingly more lin
ned than have heretofore been grao,ed 10 such M
situations. EVERY United States Bank heretofore
created has" he says h,d power deal IN bills oi
exchange, rs well ~ 10 local d,scouns; aud II was
because he objected TO The power oi local discounts,
contrary the sense OF all The Wing patty IN bo,
Houses. that the operation of this bill was confined
To bills OF exchange. "hi,h limitation he hrn,sei
deemed Indispensable aud now rs enumerated with
the objections o the bull. Aud after tius underin-
king 10 show ihnt II is national Institution. VIII ch
no man in his senses ever dreamed Of dIspung, he
assumes that II may e" be regarded as local bank OF
the Dstr,Ct OF Columbia Invested by Congress with
xcnors powers L. operate over the Uuion, md Is
therefore obnoxious 10 still stronger oil jecions.'
The ~ essagr continues ass mes iha, Congress
may invest local insl niion with general OF nation
al powers" This view Is precisely woat the Pres
ident assumed when he Il 81 proposed ,hal Congress
ms local legislature. should establish local bank
IN the D,srici OF Columbia, and then invest II with
general uses aud national powers, with the assent of
the Sraes aud tue idea laughed INTO rldicul,;
and when lie perhaps becomes ashamed oi II himself,
he endeavors To tOln his own absurd abstraction
upon Congress, a ID make US responsible for ms
vagarl,s.
These are 10 be REGARDED as his constitutional OBJ
jrcions, 10, he then SAYS:
d" When I look nj the details of the bill they do
not recommend il, strongly 10 my adoption
HIS fist objection 10 lie deias ~; " IL may Jus
u(y substantially system oi discounts u The most
objectionable c a,aIte,;' though, us hav. before
sad, ~ was inned ~ ITS trans 'eiiohs, because The
P,es,den, required II, 10 bills oil exchange.
HIS uexi ubJrcuon IS, that" there Is ~ limu pre-
sc,,brd to the premium the pure base of bulls of
exchange" W,l SIR, as one portion Of nnr coun
lryU,en wou Id say, incliuc To calculate that would
put the fnancal skill Of HE President (wno seems,
\. A. .a ~, a, IA. ,aue, H., IN, ,st In v,,i ,te m,
rate. IA, ch.pve IN q b.uk hin for ,h, mex, invent,
..,,. t.no,,ss ,uns.d- tool,shiy n ma, h.yc
ne.n-,h,, ,S,s wou ii d,pen1 . y,uJ de, M made
and c,,n..,,. and ,o,Ii mn, ne tn,,.,,u And ,
luile luther 90 II appears that, although asysIem ol
discounts Of The most objectionable chaia Ter my
be substantially, lust fed Vet II ~ fatal ol ciiuu
IN m, hin thai, wn,l,, ,n. D,,,,,ct of Columb,r
\. mad. ,he .e,,o ii. p,,u,,u,, bank. us cnyrns
excluded hom all pd,uc'pal'on III any benz III II
mi atf,T DfDlIbIiIUu
I,,,, ,U ,jscou1tno uu,,p tnc n,.u,fr" nolw,h.
.,,n,,n, We are p,ey,,u,ly reminded IN the same
,n..aav. and II cou,d M, ,hetef re have psraped the
h.r,,a,,on ot an, pr ,sd.,,. ,ba, ,he,. !, an *
n,.s e..,y,,,o m the b,, l., wod,, mr. c,ea,rsn,
h.nL C,, IN, D,,,,,1, q, Columbia 80 tina, tn, app,e
~. cant s,,all n.t,x, ed fiy, un,hon,"
..r,... . -. ..,e ,i IA, MANN. Pm, .Liec,ons ne
,,vs ..n,, der. a, !, would h. unp, ofiIab
,,,..lInn,,n Well IN ms | ,,,r, w,I, In. Pres.
,a,, II ,h.,. ~. nam. st,ono,, ,b.n I'M y, has
.,,.,,,.d and he c,nn,, rnin,ce tu,,n nh mare
,,ow., Than inns. n, i,as she, If d. II uoud be un
,,o6 ,,i. ,,,e,d m dwell mn IN ,,,.,n RIM s,tnnp,
49, .x ,,,,o th,i has w., ,,eced,d H. he saws" Sal.
r. a. ia ,ti ma, n, n .,c, !. ,irs,p ed IA, ,o,t,u,,,
In, ,w.,y w. A.. with IN, n c,moc,uuJ" We'll wbat
loo, u. ,,.y,o NV ,ba7 Doe. he u,an T., nav INA,
,,,,., hs ,uu,,o,al ,ah ,bl,p.s INN IN .re,c,.,
,h n, oIins .,d d.,.su,Ie nuu.,n, IN. x,,,
,,. ,h,, mn. h,,L vuhou, . c.,un ma, # van ,y,l
..,,,,,.h a,.,ne, .x,r,,y like n! !, wouId remove
,hs s,,u,,n,, d,f,,.I,,,
/ ,,m,mhe, IN have heard the pr.;p,, nrpes,ed
- v,,, ,f h,,,,, ,y, n ,n,,.i I;,nlsnn, Ia,
,hc N,,b and IN. o,h,, ,o, the Sou,h. md # wa, a
, .lan,,,,h , ,,,,,o, ,i ,n. ,Ls,,oct., mar,
:, H., y,lur Tan II H.. inns hat IN, p,e,ren, ref. r,
- II moi. mh. IN the name of heaven does ,he