Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-09-30

F'StNb NntNi FOX TIE GOVERN
MEN1 AND ACURbFhGY AGENT FOR
TllEFEOrLE.
Lei Gosernmcnt establish deposfioits t,r the
safe ke.Plng =" us moHcys al Il The mn oIanl com
nrfctil roins ,lifnup hpni the Union t,U thrsr
deposiorcs. agencies. Offices, Blnks of deposit sub.
treasures or any thing Else fancy may suggest
l'Ia'c each OF 'Ien, under The II three dllrt.
en individuals one oil whom shall be called the ,e =.
ceser, another cashier, aud the 9TH teller The
tec'nei should receive, tie cashier sll ,ula Keen
Md the teller should out all mant vs. dppost q
Let each OF th,sr officers be appointed by the Pre-
adent. by and wiih the advice aud consent If The
SENATE. 1--WE 10 zach one OF them, when n, ce,saty
an assistant, who shall first book kreprt in ms
department. and who shall a'so receive his appoints
ment fiom the Executive and Senate. II deemed
necessary OF wise, aii full Il scussion lie, the con
sinuton ot law I've so ant nded ~ to secure In IN,
President, IN relation To those ofirefs the power Al
Temporary suspension, hut not o llnal removal NH
GU, the consent OF the Senate.
Lei the oblisaien III duty resting upon each and
All ~ them be OF such character aud So ptrsc,b,d
~ to make them ans"etabe, in some n casu,e Tor
the MISC nduct OF each. ell a, compcl then, In
watch, supervise, aud check each other, and repotl
dehtqnencies, when discovered, 10 head quarters
dhpsiaf the interests Of the Government alone
would be provided Tor. Bui thu neeessni,s of The
peopie require the a ,ency OF some scheme which will
furnish them with national currency, or medium
OF exchange. OF aadoabted substantial and unjtoro
sdtue. In order TO accomplish so high a ben, IN
Tor the currency, II rs proposed iha, Govcrnm,ul
should cause TO be prepared Saiab{e QuanLfp II
certthcates OF deposit or Treasury nole, IN d,,o,i
nations OF t"euty dollars and upwards. and IN con.
sense1t forms and with suitable engraving IA, cucn
'a'on amongst the people. Let these eeu 6caes oI
oeP"st or treasury notes be distributed amongst
ehe oi"eient government repositories IN such por
tions as may meet fully The demand lor them .,
every clizen thtough ilic county have The mn,
siege oil deposlng any amount of spe,ie IN ,h.se
repositories, and The night occurring lheteupon Ia
dsinand IN exchange f1f The same the cerGc,,rs -,
ootes OF Governm IN, payable on demand nj he pioc,
dePosde an sPee'e, and receivable erery ,chere m
I0ymentJor Gorernmeat daeS and for public lands
This privilege would place it IN the powe, NJ ,xt,,
Individual TO convert his local bank notes ,,t,n
csyao'e IN specie, into national currency based
deHer Tor dollar, on The specie deposited receivable
a all points Tor public dues and en,iorstd by III.
highest authority aud best guarantee kuown tn IN,
fe"p'e-that OF theirowD Guveinment. The nn,n.
niy IL such National eurieGcy Win wouIJ ,h,,s h.
oougn' mi" ciculaion, would be preciseiy common
sxyafe for The demana for a-no less, ami probgb5,
no more. Ihe regulating power our SAFE HAMS
eAeneo through the voluntary action OF Ltc Peopie
~ ""tidra"ing the specie from them and c,nv,,
ihg into The natoDal currency wouid n,oy. -, h.
souodAniy sufhcleni; potent beyond resisfyncc Tn.
ss"dency oil TINS process would be 10 eneoutape The
snu'duc',on and retention Of The reciuus metal.
s0o sustain practically The gold ADD silver standard OF
ptseem
ssoa'ous'y ana pnrpoSely 10 have avoided from l7gI
20 ies9. CONNIE dalion the most couclu,ly, and
oeenss 10 favor OF such a scheme OF furnishing
sona. currency IS, ha. it totally excludes the use
|ss"e PSoac money by public agents or individuals
she discount OF pfomis,o,y noics, or nj Hill. If
sos g, or any other act oil ioan,ug money O, ran
aioe 'ac''i'itsof cr di. Il would have no ,shoi
~. w. GERS, debois nor borrowers. Newspaper
eu"o's' poiii'cians SPECTATORS stock T. bLcrs n, |
aoy other class. could get no act ommod.,,rn f.o
." issues would be confined the specie Jenos |
mer-would be prtdea,ed upon and limited by m,
a'e 1ef'ose. The specie dePosiies. under the o, e.
-sston no Of trade and husness wouIt no n,u,. VI
eone just rans of,he country for currency. .sne.
!. 10Y 70! National currency. When deposl'ed.
spse'e would he represented in the business ~,
,s.s...,."s ~ "c very best and must truthful r u.
pooef sach sys'em the productive labor af III,
Sos.asy you'd +. the money ,rea,irg The money
.s,ns power The money power would be sevs.
ss"''em Tue political p0wrr.--Ibe money no~.