Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-03-17

,f tbs pe,ious question, al aheai ue.at'h. wlen the
,o,o was takcn-ayes Is, 10. 81 the House has
virtually determined that the Banks shall Resume before
tho lst Of January neat. Successive motions were then
made to fill the baak with the months Of APRIL MAY
and November; but, without taking vote the House
nd pourned. The action Of Ito Legislatures Of Peniss
yana and Maryland has doubtless exercised considerable
influence upon the decisen Of this qu.s,ui--the fGmcr
having passed law requiring insan, resumption. and
the latter extending Tie period 10 the lst Of Nay. |
shall not be surprised if the day be fixed here al
though it is probable that Tie s Of August viii finally
be agreed upon. hope we shall get through the bill
Monday.
The debate took wide range of course, involving
fedc-- l,eoliiics as well as State policy. The last
sped 2. Mr.. Hollcman, which occupied about two
hours IN its delivery, though conflicting with all nv
opinions ingenious, able and Effective In his first
speech he had expressed his qualification that tie mob of
Cincinnati had taken the matter into their own hands
and referred, with trumf Liant air, 10 the Effect which
,ho late tumultuary meetings in Baltimore had exercd
upon the conduct Of the Banks in tha, city-quayiny
his remarks however by rather contradictory oxpres
sion Of his disapprobaton Of the mobocatic principle
In other words he houg lit mobs wrong in the abstract
but in the particular instance referred to he was glad that
it had taken place. Nor did sec any thing in his sub
ssqucnt defence 10 nse If from the awkward
dilemma in which he was involved 1t is in vain for a
man to say that mobs to be deprecated when in the
very next breath he expresses his delight that one has
just taken place, by which houses were demolished
vaults broken open and robc, and the books and pa
pers OF the objects Of its vengeance DESTROYED and
tered to the four winds of heaven Tomorrow indeed
ibis mob, another, melted action y its success
might take it into lis head that every man of wealth
ought to be despoled Of the fruits Of enterprise and in
dus,ry to be equally divided amorg those To whom f,-
tune had been more parslmonious, who had wasted
their substance by dlenoss and proiigacy How could
usan condemn the latter, who had, in his legislative
seat, expressed his qualification at the triumph Of the
formers Is he always 10 Judge when they are right
and when wrong Aud may net others approve where
ne condemns, and dtnulnce where he defends OF all
countries in the world ours is the last in which moi
can b. Justified because Ours IL government of laws
cmaastnp directly from the people, who always hold in
their own haru 'ho power Of correcting miscltls orr
rina,ioc in had law. by discreet aud exercise OF
the elective franchise md yet in country above all
Others, is the Moderate 81 1T NEST easily aroused and
put Into action, from the asen, OF that despo;c ener
gy aud Summary punishment whie. 1t Is cef'an 10 en-
counter under other governments Pu, e opinion Is lis
main restraint hee; and hence the mpolir, not to say
the danger Of the ayowa of such sentiments % quail
fed as they were, such those which Mr.. Hon, 'aan
thoushe proper 10 utter shocking his own friends rs W.
as Others For he not only said he was glad dat the
Cincinnati mob had occurred, and that the prenonory
symptoms Of similar outbreak had aved the Banks Of
Baltimore into resumption, but he declared Lat hoe il,
Virginia, there must he prompt resumption or lquda-
ton, or a like manifestation of popular indignation and
resenment-whi ch, indeed ii seemed from tic tenor
oil ms REMARKS he was prepared to justify and defend
Mr. Hidden, CT Orange, took up The noe and read
letter from OF his constituents who decl,rd thai he
was prepared to join force fer the purpose Of march M
10 the Banks, and forcing them, y Violence 10 open
their vaults, to clio sc their doors To make ~ con
ment upon the atrocity Of such NEUTRALITY-SUSPICIOUS.
under any circumstances but douly so when it is re
membcred that the Banks have been justified in the pol
ICY Of suspension by tie repeated sanction Of tic law
making powcr,-the question naturally occurs Of whom
are these MODS generally composed Do W 10 have
any stake IN society participate ln lead them on p
NO. they are ior the most part constituted of the very
dregs OF the city sowers-''the cankrs Of rude world
and long peace'-such as would have followed Jack
1sde III his crusade against ''readug and writing as
the most abomnable crimes, and done honor to Fasf
shirtless regiment. OF the mob in Cincinnati for ex
ample, has been estimated by those who saw the mot
ley throns OF which ii was composed that all Of them
together had hundred dollars Of Tie nc les OF the
institutions which they eager sack for specie
and from which they plundcrcd more than they could
have earned by years wages; while the character Of
tho tlrongs in Baltimore may be inferred from the fact
That one OF their oraclesone who addressed them on the
wis OF paper currency and led the way in the great
sfh Of reform, had not finished his harancue before
t.nrred off to the police Office he was recognized
as petty thief. who had few days before in the ex
etss OF his love for the precious metals stolen set Of
silver spoons Precious rciormcs Of the cuencv these
vi vast importance must he 10 them that Tie Banks
shall speedily resume specie payments.
But IN my estimation, however lencfcial this mobo
cratic action may have been Baltimore and ii is moi
unlikely that the apprehension OF it may been equally
influential in Phllade phia in facilitating rcslmpton
specie payments, system Of policy, fased upon it,
ought to have eafred Of influence uponc course
OF mo snia Legislature, in Fastening specie payments
hefe, Know 1t has all along been said that cur Banks
were ready and willing to cotcmpoaneosy with
'nosc OF Philadelphia and Baltimore bu, this opinion
was based upon the supposon that the banks Of those
''es would not resume until. from an enlightened sur
vey OF the whole field, and after comparison Of their
resources with their liabilities they were convinced that
they could maintain their ground-not that they would
DC forced to resume pfematurey against their wish
es' and with doubts and fears as To the result under