Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1842-03-26
MIR PoPE's FISCAL AND CURRENCY PL,>

While Congress is AT a pause aud the public are
considering the President device. II may no,
be amiss TO exhibit the workings Of other minds on
this great theme.
The Hon Mr. Pope ofKcntu5ky, has n, least the
merit ofhaving given much attention To tins sub.
jecr, and on the l5.h al, unlimited tn the Hons.
OF RePr'ents'ives the FLOWING resolutions:
Resoluea. That, in the present rendition of The
country, II u lh" duiy OF Congress To- de,i se and n.
dop, the most eliirient measures to restore ennfder G,
and credit against deprecated paper nan.
ey, give To The nation a sound and unifirm CURRENCY,
and ~ plenty ofIt rs practicable. having due regard
To the constitutional standard Vi value, gold and al
yer
Therefore Resoire9. That asselsct committee Of
-members be appointed, with Instructions Ia m
qHira inlO the sHpodiency Of uuthorzrng lhe issue OF
5 per cent stock O. the amount Of one hundred mil.
lions ofdollars, irredeemnble. except by pnrchas.
until the expiration Of forty years, to be divided and
transferred 10 The several STATES 10 proportion. 10 be
applied by the States To internal Improvements. and
the paymeni OF debt incurred for internal improve.
ments, and for the payment of the interest and prin.
cipal If his stock the proceeds Of the public lands
To be set apart and pledged Instead OF being dis.
tnbuled as provided for in the land bill approved
on tbs fourth day Of September, 1871.
Resolved. That the said committee inouire into
the expediency of authorizing an issue of like STOCK.
not exceeding the sum of-millons. 10 be spplied
TO the purchase, in perpeiuity, OF the use Of such
public roads, free from tolls, owned by States or cor.
porIiions, or bprh. AZ may be necessary and proper
for The transportation of The mails. stores. arms. and
military purposes of the United States. and th1t-
per cent Of The proceeds ofIhe psf Office Depau
meni he set apart and pledged for the payment, OF
The interest and principal OF said stock.
Ra..luaH II,r d III -...,.- 49,
iheeIpediency OF proposing an amendment to the
Federal Constitution, providing that no State shall
IN time of peace. contract any debt or dehfs. by loan
or Otherwise breeding the sum of-Iollars oy er
and above the annual revenue ofsach State.
ReS"tUcf That the said committee also inquire in.
to the eXpedIency ofcreaIiug d National Bank. with
a capital Of not less than siIiy nor more IN m eighty
millions OF dollars, one-fonuh at least 10 he paid ~
specie, and the balance ia stock ofhe United Sale,
to be issued IN conformity 4, The foregoing resolution
exclusive of what may be subscribed by the United
States; one-ihh part oClIe capital stock oflhe Bank
To be subscribed by the United States. and the resi-
due by the several States and American cIiizens.nne
hall nj least Ia he reserved To- The Sttiss: The pa.
rent bank or hoard Of control 10 he located nj Wash
ington city. with branches ia the States. until 9th
erwi'e provided by law each State. besides lis share
IN the general control of The institution 10 have he
appointment If NJ least Que dIrecr,r OF each Bank
lf@NNN "AAAsaA Us III lle hlN WtIlN Oh Nlll Is INK
above SIX per cent of the capital stock To 10 added
To the funds pledged for the redemption Of The stock
authorized by the MISREPRESENTATION
ResSned, That tho SAID committee report on the
matters aforesaid by bill or Otherwise.
The following IL an extract ola letter dated Bos.
ton. February %. 1914. fmm a gentleman 0fhigh
respectabilIty and standing, addressed To a gentle.
man OF this city. IN relation 10 Governor Pppc's reso-
buttons, concerning the Currency and Finances OF
the country. Slate Debts. Internal Improvements aud
a National Bank. The writer saws.
It's The first bid ,manly. and sfatesmanlike move.
mont that has been mnde for twelve years. lie has
acted like one OF the old Rsbublican school. and
gone hack TO the times. principles. and practicable
measures of the best DAYS nf The Union. There hos
been enough of experiment. ignorant demgogneism.
abstraction folly, and ruirous policy. The nation Is
plunged into The darkest depths Of disasters. and can
only he again raised 20 It's pristine prosperity and
grandeur by The mighty effpris Of capable and greni
men. The dangers and dlhiculhes which are 10 be
met and surmouuted require ample means and ri.
gantic measures. Tie has boldly proposed what
should be done, aud I am confident Il bis plan be
adopted. the People and country will be raised in.
10 such Y gnrous and healthy action as soon To be
enabled to triumph over the enhancement under
which they have been crushed Tor The last four or 5
years. In lines Of great difficulty 40 halfway men.
surcs will answer. There must be n punl and 4
ieciiye movement, Commensurate win the lmnor.
iancc e ihe ohjert 70 be accomplished. There hn,
hccn ton much o%ftriiliug, too many errcdients II
hiilc minds. too many contemplate attempts 10 sinv
that destructive tempest which has swept with such
fury and still RACES over this devoted Iand"
We deem IL due 60 Mr. Pope 10 subait his plan
fairly 10 he public without obtrudinq our own min.
ION as 10 its merits, which Is Of little consequence