Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1841-12-16

meroue annroisars Of ,nercbopd;,o In many IN
stances fba estimates IF ,,ano r,,,st he coniectu
raj and .hus os MAN., d;G;rot - F value may
he estimated as fbare are annrassers These dii
frencps m valuation nav ,Iso he Increased bv the
;no1i,,t;,n ,,,b;.L ,.;tlJt a. I.btost i,,nnta.
tion "a, tLn;r bo.,.t n,a,, -. o., tbo mart of
tho ,,,; so -, - g., T. va norte If
etri r,',,,,, u, .',, INTACT 10 tbe
,o,sid orotio, ~, -, - ddifion
~ - ''''' WIN ''''7
C,arfa;,,tr o,,, ,,..,,,,,,,,,. :, ,,, systen of
..,'s,s Eminent
T., dos5raIjo -, 49, tb;strne IN
iii that a.. - - ,rf;,s
Of - bicb d,,,,,,,l -, 80. - d., oor.,;nt,, of
their r,,,r,, - ,aI,,,rt;,,,. ,,b;cb embrace
Jis,s,t nar;, l,, bnrnties or
dnt;as which ,a Ill g., co,,s,art grctnotions
At yonr Iafo -, ;nyit..d vonr attention 10
the cond;tio, of a., rr,r,,. md evcbances and
,,r,r,I ,l J,,t;,,,, s,,l ,,,snras as
,gero c,ps;stt ,,,itl, tI,o constitutional CONNIE
tcncv of the Ca,ernncrt in order TO correct the
nnsonndnas, ~ ,bn ono and a. far os nrociicable
| tho i,o,,,,Et;os - tho otbor No copntrt, cnn ba
in the rniocment of its fll measure of orosperity
,,;,bo,, H., r,,.o,,,, ,f i, medium, of evcbaure
an,rov,mntin, IN n,fornitv of value. What is
necessary as between different nations of the
Garth i also ,mnort,nt Nc between the inhabit-
ants Of dit4eront p,rts Of the same country ::
WITH tho 6rst tho ,,roc;ors metals cons ttute The
cb;efnedinm differentiation and snch also would
he tbn case as Ia the last bn for inventions COM
narativeIv modern. which have furnished. IN place
Of ooId and silver j, manor circulation I do not
nronoso 70 anter MI cnmnorotiya ANALYSIS of the
merits of the two s,,s,or,s Such bclo1ued more
nroperlv 10 the neriod of the Introduction of the
paper system.
The speculative pbilosopher MIGHT find induce
ments 10 prosrcute the inquiry. but his research
es could only lead him TO conclude. that the paper
system had nrobably better never been introduced
and that society 1nirht have been much happier
without it. The practical statesman has a very
different task TO perfom He has TO look at things
| nc tbev are IN take tbe,o as he finds them-to
supply the deficiencies. and to prune excuses as
far nc in hin, lies The tasl, Of f,rnishing cor
rcctive for dpran reuents Of the paner medium
with rs is inexnrassihlv rreat The mower ex-
cried by the States to charter BANKING corpora-
tions and which bavinr heen carried TO a
creat evcess has 6Ilad tho countrv with lin most
| Of The States) an irredeemable naner medium. is
an evil which in some v,nv or other reouires \
connective The rates ot which Hills ofnvchonre
are NEGOTIATED between II ferent narts of he coun
trv. furnish an index Of the valpe Of the local
substitute for cold and silver. which is in many
parls. SO far deprecialed. as not 10 be received.
ayce,,t Mt Inr%e discount in navmeut of debts
or in the purcbase Of pruduce
1t could earnestly be desired that every bank
not possessing the means Of RESUMPTION, should
follow the example of the United States Bank of
PENNSYLVANIA. and 90 into lionidation. rather than
bv rrfnsino TO do 50 TO continue embarrassments
IN the way of solvent institutions, thereby aug
meninr the difficulties incident to the present
condition of things Whether this Government
with due regard to the rights of the States, has
any power to constrain the banks either to resume
specie payments, or to force them into liquidation
is an inquiry which will not fail to claim your
sjderatiOn
In view of the great advantages which are al
lowed the corporators, not among the least Of
which is the authority contained in most of their
charters, to make loans to three times the amount
of their capital, thereby often deriving three times
os much interest on the same amount of money
as any individual is permitted by law TO receive,
no sufficient apology can be urged for long con-
| tnued suspension OF specie payments. such sus
/ pension Is productive OF the greatest detrlmeht
to the public, by eNPclIing from circulation the
precious metals and seriously hazardng the sue
".y % :, 'Ii'S a., -
, ~ ,'li'', o'"' ''0 1''' ~
W. NV ..,..l 81 Lo III;
IT, Wv ~ - " - -, -,
~ d., ~ ,to ,as,
Wv ,i ~ ~ w.,
S,r -; ,''o ,',,'.' '',' la,a c,-
C,.,';a, n,1,o,,.s ,.;,i,g' T3,t tIara can bo M
J,bt or,r.rs,orta,,, coost,visa by
md ,L, ,,,,,srIs,;, i,,iand NV railroads and
n,n,Is and by .,s.ob,at. and oibar rnodes Of
conyo,,rco oer Tho sn,c,ca If onr vast rivers and
;n,,onse Ia,,cs oo1 ,bo yaI,a of pronertv carried
and iato,cbnrrod b,, ,hesn means form cpnor.l
aggreaq,e ~ which IN, C,reion commerce Of tha
coon,T,. l,rao a. !, ,s nnkes Lnt distant an
n,oacb
In the absence ofany controlling power over this