Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-07-14

l4Os -.
ir Is seaostl II edeposlies st he Uh..ed s,aies
u It0m me Bank Of The united Stalas ana ske9f
: essqlehs Tree use. aud he a9use IL he lana
e.s{sh 1913, iveFiiy beilaYs, ali or nearly ill al
Is pssahaasy enleaFrassmenss bf ths country
/, &c palnly Attributable. II he Bank had beea
/ chAssefssi he pus4sc Seppsies sulieFee fo Ss
nala 0Ada4sutbed where he Law teehl,e,f then,
= - uadeF and he lxad BIZ Mad gone ilSla 6p1
] sfatisn, 4 Is my firm c0heiclioA lhAtwe Shenid
; nave ned 70 aiora Individual distress ant. Iuln
sasa snsmon, ia ordinary and feeniar a,lnes.
u and commercial commlhLiy.
Az r.. nov take rapid revisw &c lhe
81 ssimenlluf oersFuieFs. They tegan viii Ia
eontestbls lhe bal currency Is ,hs wor,,I IA
promised heller rhas better currency uss IL
is sappiasd ey The local banks aud, 10 The tirst
ssAgas q ne experRDeat atteI shafemovaI 81 ihe
i aesPeslles, Rst were highly e6mmende1, iron.
nEn 9nhuflAy, Ter lhcsf beneficial and extensive
okeIa slcus lA eAehahse, ihe financial fAclsIf,es
Y WHICH meg Hptrd u NE SSovesamea.. xc. 80.
\ - tee da9 ns4ts ~ z ad dGielliy u{4eif hafi
s.- svgEss4S lac suaax II i uAitess Stife~
sanSs came. They could not stan ia sh.ssss
oa' ssve way, aid lhe suspension Of iss7 tsas
Place Then What was the c0ufSe Of lheSe sans
fusslsf 1aeR mad denounced ana nut au,.n Nv.
Dirk 81 The United States Ii was i e,ansl.s, =
| ! hey lad eAYied and lavlsaed rrai,eS IS lie
local banks Nov, llhey rdfasd round asains, H..
eplscAs e. aAeif own CREATION andseotnmeneaI,isa
-A1M tAeY wete a.hrood of IiiIie monslsls. cor
sup'ilass WIN separate privileges pfeying opon
The lslas Of sha Stat. They yebemsn1lgsff aa1
cul HtSr divorce Of State and Bank And hes,
y fesfeasne upder sheSSub TleaSufy, from me
STORM which themselves had raised, leaving tna d
peopls y sofar under al lis palting and pfliess
idsei tnsy add Insult % injury, BY telling ihem
aiag my 0nfeasonaby expect too much lru:l~
uoeernment, qhat they muSl take care d. tken,s
setFfs, aad TIA 4 i The highest and masl pairi~
'oue guy q ifee Government, 10 take eaie Of
ilsfn without tegaTd to the sailerinqs aud d,s-
MISSES u NY pebple
They began With toe best currency, promised
Deter. hltd end with giving none rFSsr We
ihieAl a. wei TekefI 70 The costume or our pIIgfs
na parents 70 lhe garden OF Eden, as. ID this eti-
Hehehsd age, VIIhsthe example Of the Whole
e9mmefcial world betole Us, 10 crainp this enef-
setlo ard enaefHtisfa5g people by d calculation
exclusively q lhe precious metals. Lei MS seq
now lhf matter stands ~ith Us here in kentucky,
anu Deiiess we stand us we'll as tho people do
10 most II The States. We have eircalalion
10 Bank notes accounting 10 ahoHp;wD MILLIONS
ana = hatisieulded nPen.specie in their Vaulls
amounting % about one million and aIQuarter,
nan me aeinAf calculation. Have wetoo much
i-oneEf tNO Mel exclaimed many voices -
II att ile Banks were put dpwH5 and all RaaH.
paper were annlhiated. we should have just w s
nan ths money thai we- now have | an. 4di'e n
sure thaa one Fl ne immediate causes Of oar IRE.
sent ullhelusRs ~ deleel Id guanhtys rs we'll as
me qaahiy q Ihe circulating nediam. And ltfIss
would hs Impossible il We were reduced 10 SUCH
regimen As- y proposed by the hard money Iheo-
fIsts, % goldtt0H Jaws relief laws, IepGdiaii0n,
bankruptcies andlpelhaps eiyil eomn.osian.
s haye traced The principal causes of the pre-
seat embarrassed condition Of The country, y
hoPe1wiih canderAand fsirness, and without Civ y
ing oienoe u ann Of my fellow-eitizens, Who
may have differed in political opinionsfIon n
i would have been far more agTesaihlT6ead
lselngs e have aAssl period with tho rrytas
orough hi upon Us sachNo sle esusss ~
A much more importakseu ~ a'sMsl ms
10 attempt, and that is lSSJse. ien.s.s, ss,s.
for existing evils and disoEdtt1' ~
And (he 6rst Ilwouid suggeN ,an,,rp. The
co-operan9n 81 thb Government * H. ne.nle
III is economy a5d frngaIity, stricts. Il ,,stsy
vering economy bptt in public aud pfS.ffs n.
fairs. G0sernmeht should incur or coA,,,N
30 ex pense that csa be justly ard honcfAQv
avoided. ard iadiyRdaals should do the same.4 IA
fhs peu-a-rny Of II. country has been iimpaiIsdN
by causes operatisg throughout several years.
and il viii hot be RESTORED 10 a day or . Year,
perhaps tin psriod less thanit has tasento
aeslry il. But wemustnet only be econonnen,
we must be Industrious. indelatlgabiy industgi~
GUS An immense amountof capital has been
wasted and sq lanlered in sionary or unproi
table ENTERPRISES public and private. Il: can
only BE- reproduced BY labor and saving
The second remedy which Would Suggest,
and that without which ali others must prove
abortlso or insfsoiaal, is sound surrelcy 3i
unifeI N value thtougheut the pnion, snd q
deemabls 10 speeis upon the demand Of Tho hold
err know Of but Que mode niwhsh thaa OBJ
isct can be accomplished, and that llaa stood tbs
test or tiae and practical experiences. Il any
other can Be devised than Flank 81 The Unilsd +
States, which should 10 safe and CERTAIN, aud
Tree frcm The Influence Of Goyerb9enls sd ca
peciall, not under ths control oflhssEA seiilise
department, should for one, gladly see ITEM
braeed. lam nelle1 oluslTel1 welded t0-a BsHk
Of the Unftsa States, ncr 90 desire TO sec ore
establishes sgaiHstths will and without The con-.
sent Of he people, But all ny Observation ard
reflection have seFvedte strengthen ahd confirm !.
nv conviction, that such an Institution, enanst7
lnr from tbs authority Of the General 6ossrn-
ment, properly fStlricted and guarded with fus &
improvements as experielce has pointed oAl5 81 .
alone supply aIehable currency
4 Accordingly, stthe Extra Session, bill pass
/ ed bath House Of Congress, which, IN p3 ofia-
ION, contained an excellent charter, ~ith epe eT
/ two slight eeferis which il was intended TO
1 cure BY q uprllmsutai bill, i tie Veto had
i not been EXERCISED nat ehsItef coAtttHeu
Two new AID ! iAiRk pdmirabie features ene
| was IS sepe rate The operation Of issuing eifS
gculstton from that sf banking, cothiIs these
/ faculties 10 different tosldsi AID the other wss
10 limit the disfdends,of he bank, bringing The
excess. beyond the prescribed emouut, into tbs
i nubl,c treasury IL the Irsl alton of The "
/ - a.ery ,.acri6ee was made that could he
1 m.ds. % ACCOMMODATE ii, especially in fesafa
e The branching power, 10 The reputed opinIahs.
/ n M pgesiAsnl But insgead Of meeting us ID
: mut,alapirit Of Lconeiiiaton, be fred, IS y Is
| sotly SAID by Virginia Editorf9Pon the Gag NJ
Truce ssrt irom tbs capitol.
\ couesess anxious 10 ,fulif the expectattans8hf
The people, anpsher bank bill was prepared sin
lconiornity with the plan Of Babk tkeished1ay
line .alpg Pfesidehsi 10 his Veto message, afleI d
inteviSus Constellation between him and some dis
ftisaussbed r.elabeES af Congress, and two ead-
ling faembsfs II his Cabinet. The blu was
fshapeA il precise conformity 70 his views. As
chn. d, uficaied Nv those members 81 The Cabilkt,
and As communicated 10 Others, and was sabniit-
iea is his inspection after ii was prepared; slid
III 81 eaye assurances thai be would approve snrh
I'll hstl. Iwas Is Parry 10 The TRANSACTIONS Dnl
!. o,.sn,srta,a doubt of what i Stale Lbs
m, 5000 botlF4buses Of Congress wiIhout any
.i.sga,,on n ! teeadment whatever, and lne -
7; ID = As nevertheless again emp.ols1 r.x. a.
n n Il psialul f0rl me 70 advert 70 $3.50 ~ ~
enrreDee. marked b. such disnenor ~ =. - -
fs;.b Alihonfh khs President, tnlookn a's
( eoe,ye ran daEides and deneupees me !. !.