Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-10

'rouc Cancellation and compounds. Tie general I'M
preston Is that. without great notifications the Exeeu
1--WE scheme will not receive forty tie House Of
representatives. aud even smaller proporonate vote
H the Senate However madile. is believed that ii
cannon pass either House; and the consequence will be.
unless the State Banks resume and maintain specie pay
incnia 50 as to admit Of the organization IN form
oil that system, that the Treasury Department will be
conducted as II hasbeen for time past under the III
efficient law Of 1850 1t is impossible reflect upon the
present dslganzed and confused condition Of our fiscal
affairs without contrasting II with the beauty ordtr
safety anu energy OF that sy stem Which existed and I'm
der which the nation prospered until Doctor Jackson
attempted TO make good better by the application Of
h!s quacA nosrums. The country in the language Of
MI McDuiiie had 1.-THE best currency thal the world
ever saw exchanges were effected At rates merely
nominal between the remotos, points Of the nnn com
mercc uutIamclled by artificial restraints was every
where prosperous; manufactures furnished; the products
Of our fields yielded ample remuneration In the lus
baudmsn our treasures were full 10 oyrrfl winp. every
thing gave sign and token Of unprecedented national
prosperity. such was the state OF THINGS when Gen
jackson having put in motion that machinery which WAS
to blast tins fair prospect retired from the Presidential
chair c1ngraulalug himself that he left this Great ma
onPospcrous and happy But scarcely hal he reached
his chosen retirement before the evil consequences Of ms
rash and unwisc experiments began 10 develop them
selves Crash after crlslholt after ba-ie upon the
land followed ii is true by occasional Promises that
had at last reached the lowest stage o depresion and
dousye hopes OF returning prosperity. But still there
seems 10 be a lower depth beyond us and
left almost without hope Tor the people, While the Gov
olnmen, itself bankrupt and the, who hold the rens
seem to be wholly incapable of deyisng MEATS iol
us relief much less ion the relief Of Tie people whom
lis predecessors had long since abandoned to u fate
II Is not in human wisdom say VIVA, would have been
the condition Of the country at this day had not Gen
jackson made war upon the National Bank and thrown
whole financial machinery eu Of gear. Bu' they
who predicted the disastrous consequences Of Ia var up
on that institution have rieht 10 express the opinion
rs feel the finn conviction. that bad he permitted that
institution to have gone on undis,urhed in lis Legitimate
functions, should have escaped NIL the evils that have
bcallcn and that should have been nov tossed
about upon of uncertainty without knowing With
err to direct our steps We were wcll-he would have
Us bcttcr-and here are If there be any connec
ton between cause aud effect Gen jackson and hs adj
ysers the 'articers ofrun" To whom all the ox
sting cmharassmcuts of the country are Justly attribute
be- HAT least bchooves those, who deny this aeea
ton to point us to some other eause adequate produce
ELECTS 50 universal IN then extent unyarynp III their
operation, aud s. permanent in their character We
have orCr traded and Jdi.ed say some. but even
II tins were is not tins measure nSrfhale Ia IN,
doiruction OF the L. s Bank consequent un5n which
hundreds Of State Banks sprung suddenly into existence
based upon fictitious capital AMI eager for profits expand
ing their ISSUES to fearful amount and lending wing, 10