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

ne Soh tnisioat, fefolpliopS, diFfl watA \
no1 Us sceial eohaatlons ihets iasrYlAbe ,alRs
efospsrsyi 9ut my n9atish raoSt when afas
Jaw, lssAss.'y, Panctaslily Snd spcress ull pus
ness hlssail ii.
no9 .ns s'soP'e H. she,s ilofIsses AnuHpfa
~na' ~eai1 4 81 N,.n men plset ine rshoeJ
2 sas Hsspsi1aseaf Aia c9aia n9s pNA shtemFln
y llaAe insstfsesa1 pfFns apSIn thsfn n
IH,s = ~. sels a q i,ank AAd he
~ $3.50 s1.s M 'hs 'f,l's Nlsi
n, Tvs uvsl s1Pns
wv. 4. 4. n W. pFsle
80. $3.50 Y ce'ptl.aq II, ths aggf.
-, . 81 = FL lpsaxaa
ansrsa;i,,. $3.50. ~ ~ II,
81 49, .,
~ lses,aYns, " 81
"a = ''I ~ e sasn
I X. 49,: 81 " y Nf'
M. ss..a 80 = 4
n mo,ss r,,I, ,ss ss - esss
irucrion Of ne 5be,tseS ~ ,Ae,T fsaty1e;,,,
and VA !, ,hs;. o,,.,b ~
The fr,e ~. ~ Ts.np nfH,hA 11.;i.1 c..,..
clearly IdrmonStgatsI ulsrc mi ,saI dsrssr =
The nnbiIc lihsylv $3.50 /, Al,
Ils ponulsyi,y NH ZEN presr IN IN. ctnisst
tian ~ ,.;,; 80 800 80 -
nsr;od AZ ny. IL s''N n1ie. l'' " l,lg
a. - as
.;.ad IA ~ 49,
IA, I. u II 800 =
h,i, q I. Il, II q"
v,as !, hssS I'D, Il -
Sss fs;.as aa s',''s
ms, in,,sst.. III, d
r., IN Nh, 81. ~ 9sh
ss,,rct;s ~.T ~, ~. y HI
h,ch ,,I " ~ s1sssln
;ns,sr,l,. IA a.1., T.. ri,
ana h,.lsh : ", ~ II
yorAs INA ,hs' rsts.; Ne sr,s .. W. III -f01 4
Tbss sa,rs Ta.;s1syS.7 ats Pas.,s
vim eoua nnsnim;,v Il y,,,lS Ibn 49, s
DR. an institution which ihey hal believed ID he
SO Indispensable tp The public prosperity, and de-j
inded people fell as ifalhey had fortunately esl
capped gTeaE National lea lssssffityi .:e8 n |
- he Veto, MISUNDERSTANDING The House of Yep.
by large malprityI resolved that
The public deposiieS WEIR sale 10 lie custody bi
The Bank W The United s,atess where they weke
placed. under the sanction AID BY ihe ealnmaId
ofthe law and il was &eli.knownfst Washing
lon, that This reIIutionawas passshtin anticipt
ion and q prevent the fossbiiaty dflheiF reno II
raj lq the faceand 10 SontrmpI Of ltis decision
u the Representatives of the people, and ID vi4-
alton q aposiiiye law, the remoFal was ordered
~ the President a few moi.ths ailef,Ethe Sscrt-
AIRY or the treasury having teeu previously hinl-
'eu removed 'o aecomplls14ae object And ihlsl
Z lus< nlo 70 eousiaef lle elseel prp1qcea nFonl
ne business and Interests Of lhe eopnlfyi BY ti4e
2nd esent 70 which have alluded. II il vel fI
10 9e me usage oi BSIks, toact upon tseHI
AIDING afersge amount ofIlheir IdefoSiies, Will
apon permanent fund BThs Bankpf the uulte4Hl
slaieshadso regulated As transactions upon thksl
lsPoslIss Y lhe u States ard had granted aTrI
;om nodations and exlendee facilities as far aSll
$500 - s'el'eg upHC GHatndf udstS4 A5sF tCf9Ff
lies were renewed aud dlspsrsed among satiuut \
zeal banks, which welesnIged by An aashcntyf
iot likely 10 be disresatded, Especially AsheD seA \
~. Y, ~. he pax dr me United
r., n's s,,a'a,Js Il he posxession6f tht
eastb.rEs "a vatl ada,tion 10 the cfcuaiiofl
Il ~ ca,n,ry rnsned ndtlIug Is that already 81
u n ~, ns3forih aad pG,tinc fotth BY die na
i, dls =; 5e,I Ranks xhick were sprIngins uP |
W, ~, mn.hrnbns Thal specMatioh AID over |
rsdaa .hanIH have fb1IdWed9 were 10 have been
,s,nrsliy srnscted hi il snrprisiIg thai lhers
gsre moi mufa Prices fysse enormously as anoF
49, cosss1nsSee and lhbu.and, sIere tempted
I. : III ~ case II a aaysncids market, ID
Nj q a,ia rnake auteha.es. undeF the hone Of
49, r;s,ng x,,lI higheT. A:rush III specuators
"a Sorn he nuhlielahds ana The money
,a.ss,sd III their hnicbase. c3,ming,back Ito lhk
5snos,,s hanls. was sraIn aad again oahed ouR
- ,Ss s.rp or oiher fpeculs,ols, ID make othei
f sIi
Who was 10 blame forathi. artificial end in+
aafed state !of ,hipg.? yHha for lhe speculation,
Which was.ils natafal ofsprEne9 The policy III
Government, which prodacei il, er the Teople3
The seducef Or the sedncsd The people, Whip
bplv used he means 50 ab4pdantlE supplied il
virtue Of the public authority br our fpletsi whose
unwise policy tempted HIN int rllnousfsse II
siafion \
4 There as measufe, The passage Of which
vould have greatly .mitigated this unnatural
state Of hings Ii was net eiffieuitlo fqrsee, all
Ter The Veto Of lhe Bank, some ef The ronseqaeq-
ces that would follow. The mulEiplisalion q
Banks, a sueefabundante afEsney, rash and tnof-
diuale speculation, and d probable ulinsie sus-
pension OF specie payn1$nss. And the Pupiic
domain was too bfilllanl and tempting prl1z9,
mot 10 be among the tar4 effects thai woaldT9l
lfaet speculation. 10 MNch, lo55s PHI PAssep
bcih Houses or Congress, TO aistIlbqissnl gng tnf
States The proceeds II saiesiot me Paoie taha7
ii was measure Of strict Justice y lht Ssaisi'
and, one OF sound polscJsas 4 respects @nf Iese,
nue. Of The United STATES; b9t The view which |
now propose 10 lake1f Hi, spplies altogether ~
the inhaence which itw0nlda have fxcFted ppoh
circulation and speculation. Il was The etnslit
tulional duty Of The PreBiteat 10 haseEelutnef
Ihe biIto Congress with bis ebjsctiens, he ven
opposed 10 IL, or with BIZ sanction, ne aaFpfGv
ed IL but ihe Dill fell BIZ bis ~ bltrarIy ~lfSnold
ipe il from Congress.
Let Is here pause sna consider whaillvoulFf
have been the tpefaIion Hef that most iifnfy ant
saIutary msasnres il il Had pol eeen Arrested
The bill passed 10 1888 land 10 Short tItns 81
Ter, the sales Of the puhic lands were Ifiaqe Y
an unprecedented exiert % So muea, lsa1 n
one veal il amounted ID aboal s25. geo, cen, ahs
T ~. /. !, II IL abhuf $50 OG0s