Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-03

~'1n 'ne s'Sek o. Bank oil The United States ever
would be taken, because the credit Of the entire sys
obv;os ahe ione ,o''. nc reason was
Asa oana o, me ohI,ed states, It's diIec'
H. $500. 's'po"sv,'y 70 .ne scoekood ers the:
- ,. " ""y o''e, Jim. nc s'oekho'der'
r., o,e1 ", o'1I tno country ana many o.
m. - ~ anus, "neieas Tue direction o.
.h, os,A mNs o' eiu was Impossible That the
,L''''.',, VI "0o" VI ,he directors could ever o'
L., S,.L,.I ,,n,h; 49, 49,, "s E'o', rauea
| sonnS,s, - ~ tou e'e' oNo'eomc. Inc
oils ,.hsr. ,hs ,',s.LoIIs. ..,'ele'a' meuop
resided to,c,hsr .nd n.rrsc,i,, -. oo''
| m, d. 500, ,,,,,i.nyy 49,, . ~" o'no''
,,;.,;on ~, =. W." w '"o'e i,''p1.''' nu-
Rnord L..,,'s. ,. - az ;|' 'ne EAe"equei
~" LIN y was "o' an 'ncorpocs''on; because
ed with NON. Of ;,s nn,se 'rh; CosSs l.a'''
IN, s,n,in.s. IS IL ""s ao"'V"s
s., ey , y, .uese Ssounus OF cHIeetion wnich
Tn, r,nor, ,So,,,on c,, "s,",. nauona BANK
| L. 49, ".s , ,u'''ie' na' 'ne iuea was rapid
and Of %-,SSv, "a. Mu '"o 'u"e''ons OF issue
and ou,h, ncvnr n, ~. ,,r;,aJ i; ~
| ~; -, -, " ", u','eu ~ ,'u s""e usu'uuon
III vs. uue. "eii u'''on hau oeen 'a'ai error,
ISs- r.. 49,. h', u. " , oy Mr ~. III
on,,,.r III, v;otvo, IL ho'nnas vi, ~ 80 hlsn
| n,a,sn,. r. -. WI, "owee', WIN 'as more
| =, - s P ,'' "ae, hau uuth made
| mrch ~ H. - - "au "e''y "uV"nceu over
| onnnsoJ - ~ ' ss,'aeu '"c party winch
| ~ II ~" ,"o P''y winch advocated Bank
L,J -, ~, .'., Iu w, ''a' no ana ms friends
wouIJ him, thai, nn,o~an,,. "u .'''o anu reason
4 ctl II II
| hni af0' "''" "'u '''" Posi'ion was not TO be
| :" NJ ~ ,
;a.,; - ne.1 enP'esseu MS concurrence IN those
,,j h,, ,L S, 49, oe'' "ons'y ana clearly sta
| 80 '1 Se"o' 'iou' iensyiVanin. The report
La"m;u wa, .'e'' was an expansive power in the
TIs system pu' ms DID not 20 Tar enough.
~, .no s"ne power existed ~ every paper machine,
'a's T as you might. II had been justly
eu ny o',ush writer 'hat the power TO make
| e"a p'eee u. paper not worth one cent, by the
| ''SS'o'ng OF lew Names TO DO worth thousand
! 49, ""S Po"er 100 hish 10 be entrusted TO the
, a'us VI 'ho,nim MN. lie agreed that the bill went
/ w,s S,t =, - ~ W t"e"'y u'"ohS, anu tins alone
.''" ' w VI. srhethe' IL never could receive
MS suPpot'; Wnhout inc least unkind feeling to.
"nIuS ",y oouy, nc was nfm IN The opinion that no
at.N"se'ne"I couiu ever essentially change the
-',u ou "",n ne $1,000. Those who acted
WIN nun hau painted themselves on certain great
p'''e'P'e'' NUM- o winch they could ever give
'P.,, n,,,rr
~ " " 20 s''o .h'' inc honorable Senator from
io,N oe'"g oisquaiihed by ndispostlon from
Ill 10y pr VI tnIs discussion, he ielt himself
It ,h 70 W oo'''o SUIT representing that hor-
Us wen from personal feelings of
10 ''''" '"'''"I.y OF Fo'lticil principles
W say wotu OF Two That gentleman had con-
't'ni,Ns on 'ne report ut this time out
If he c,',;,,oo WI papsr was 10 go INTO the hands
" i,'o S'n n','ee, whete JUS shape might be mate
''.y changed, anu me scheme thereby freed rom
49, 1t w "''v'' was now name lie had lis.
-: w" i''eusue 20 Tue senators from Pensy-
h,vc sn,roj ,hon,s.,,'o. "u. 'nHusht they might
nHc sPn,eu themselves the remarks IN which they
nau ,nu.lgeu Hle was persuaded that his hon
49, I'o no'. .,o" i"'k tMr Ial!mldse)
- c.sx.. D. w 'eIo'n"enu any scheme for
,cd oco;ns, an, s,I, ,aN,. "' a." lu'S commit
,h. ccn,I.,,,n e., pnSp M 'nc remarks ni
49, ,hc.o ,L,i, e"sf Ne'li D" thlt subject
~ h"a,, 10y sIa'u ATOMS ana might better
IT, St.. H. -, o.s IVA" "soer'alncu IN
n'ni',, vac ~ouu DC presented by tho
But. while nm. Mr. r. mms, H. s.
or two in renlv 10 the rem,rLs b'n'''eu WORD
,Ien,on 'Thc ',cn,Iors - no mace oy ooth gem
Denounced ,ho s.hon,, ~ "O'" r""SyVania had
m,inv hec,usc ,h Rod government bank,
issuin, circ,,;n 80. vas ~ .ave me power OF
BANKING faculty.. mi RI. Sona,a' "ni ms was
oi;n, ;,S;s,J - :; - oe'''or rom Sou;h Car
il had been discovered that no snoh science
cd to the b,nkino system bn, ~, H. 'aou.y oe'ons-
wholly a en- fr,m il. md This ~ .s ''it y, WAS
truo doctrine The Senate Nd , Ihe
yes, but il was then no novcIrv oua. ~ ~ 1856
dav NJ Ricardo had s,,,es,od &c ooi''e 'hal
ple. and ever Sine. i, bnJ bccn b.. scIeI" prlnci
great man. il had been CTnsrif,,;n, j.; ,,o uy .hat
Ills general princinlc was III ,h, P1 ''''i'u.
issue is power to create while the W. STnr 81
ing IS 4 power by use The two no,yo,s
se5,alIv d,strcr and in ,bsi. Nv" ,o~eIs were c''
The s,6,c To- ~ IL a 'Iet n''ufe Incompatible
$50 - 'au 1'en .aheh up 10y Iorens, by
If Tho Relish p,y,;, ~"u 'S AK rIay' member
House of Com mons had I,s, ,,o uu''"''ee OF me
s,L;oc, .,,;,, 'u 'a'' year t'heh up The whole
Ch11n.oiI, IS 'Ln ~ unS OF suen men as the
Mr. PiI;s 9 p,rnon I wi EEL Hr Clay,
.,uisbsd for tbe;r l,nn'yiaJar Eo"''ehen elstin-
iovostiy,,on seen o,, ~ ''''Ie. AFTER iu'i
had coo,c T., ,be ,nncl,,s; i VI '''i' committee
cor,aio,n seoar,;, ''.s .'i' mere must be a
cirrnI1,ior and ,hc 't power TO issue
il ,L,, ,,Nrs- nnnno ~ ol"Nns' he'r scheme
be issued bv nnhc ,ubo,;, W specie shall
cxecu,ivs aoen,s I'm, L 10y, no. however, by
do, P,r,msn,o, So'''''ss'o"e's acting I'M
Recommended in rne,I'ud ~" was the plan
IN ;,soIf 80 or -, 80 ~ ,'1'i was gaming
reduced TO practice in p,ms.;, pa'I "'u heen
rnr- rni,ycI ,Sc 10, o.'.'s~a, q Hih1uoin which
Ike rho cen,,sno,n e. N the world I'm
never beon the oJvo.o,o ~ CC.no'na, Nlr K.had
cn,,onc,, ,ro,o.',, ~ Ill Government paper |
U'' P'o,''y 81 Cacui l. e. paper which rest |
cnnverr;J ;n,o soId al H. anu was IN
law n local ,cndsr RI 80 "'S"o"sn mace by |
C,roIina 5ad soos ,.o.,i e '.e'''" rom south
Is27 -, rI""' "o'Io"a Ol MS own in
hind rho 100 mi Caisp - currency beng be
yass,oh cr,,n. LII ia oA ms nead.I But
60 nron"ssd h i've ,;,I9 M u'se1'oeu me curren-
was indeed Guaranteed bv tho r,,b IS =, me IL
il was recuiIed 10 be convcr,jblc y, Jto'esnI"en''
gold aud silver, by which il ors,r, -, ,L mo
per issue should have snecie h,.; Lii, liz" t'e pm
lar. The gentleman from Pcnms,,, uo,;'' LOT uot-
otherwise; but that was mere matte. aG lU"sh'
be regulated by the committee. ~
In reply to Mr. Buchannn's remnrl,s ~, ,l,o -.
sal Of bills of credi, in the Conventon NJ c leiu-
rcd him to tho explanatory note of MIR N,d;son
which declared that this was not intended IN rroI
Government from Issuing notes for lie o,,o i ,o''
moiliion, hut was aimed soleIv n, su.L . ~
currency as rested simply on tho col, ~ - pipe'
men, and was, at the same time n.io il..r .
DER But on this subiec, both ,hosc cn,, 49,, ,el
thrown stones just as il they did not tbon.oi ',au