Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1842-12-08
WING McSsans I'm hampton.


the Counties OF Elizabeth City and Warwick. the Wing
Convention, be held in Richmond, the 22nd of Feb
raay HISpE r. ID. BRowN Esq. of Warwick county,
called TO the Chair and Dr.. WM. HorE of Elizabeth
City, appointed Secretary Whercupon Committee
appointed, consisting OF Joseph Segur, Elijah Phillips,
Ed. King. Andrew b. Mclean, James Powell. Samuel
Dcwbre, DR.. WIN. Hope, DIR. c. Hubbard, and William
Robertson report Resolutions expressive Of the views
of the Wings of Elizabeth City and Warwick.
The Committee having retired, reported the following:
The Wings OF Elizabeth City and Warwick, in con-
tenpatng the crisis in public affairs and communing with
their political brethren, distance beg leave to submit
one prominent consideration, which, in their Judgment
should call back the enthusiasm and energy OF former days.
and nsrt genuine Wing for effort for the
country's redemption.
No, oneno oue-of the grand objects proposed by
the Revolution Of lS40 has been accomplished. OF what
means the unhappy disappointment has come it
profitable inquire is enough TO KNOW that to the
gallant army that fought and the great victory OF that
glorious not trophy remains the reward of its
herosm Necessarily, therefore, the identical issues which
united the great Wing Party, under n common banner
two years belong to the approaching contest for poll
teal ascendancy.
Those great issues the policy; tho resc
of Executive power retrenchmcn of expenditures; the
elevation Of public morals by the example of Gov
and general reform in the civil administration of
the Federal Union II these principles and objects
worth warning for them they equally and hence
all who did battle under the Wing banner in 1sIO
der the high inducements to buckle their armour
again, and renew the struggle. Therefore,
i. Rssoired, That under the administration of Mr.. w.
Ter the restoration of Democratic counsels, have
hope of that reform in the Government without which its
existence scarcely desirable: that regarding doctrines
of the Wing party conservative and those of their adverse
radical and destructive look upon the reinsa
of the latter, political power, the heaviest calan
that could bede the nation; and believing pledge
ourselves whatever Others may do, discharge,
coming conflict, duty ourselves cause, and
country.
=. ReSoired, That we regard Executive Power as the
weak point in federal systematic chief and be
dreaded OF its consolidating tendencies-the rock
we fear it will prove which glorious Union and
dgCf1u Ais
against all philosophy anticipate political rivals
such reduction Of Executive patronage and influence as
will check the fearful procvy of Government TO des
poc power. They surely who have stood up for prero
gative for dozen years and pushed it the point
narchy itself who have halted a no excess of Ex.
ecuuve assumption however daring; who have been It's
apologsts i'll all Its phaseom the Removal of the Depo
sites 10 the Expunge; who have pulled down the barriers
between the elementary departments OF the Government
the independence of which, OF each other constitutes the
very of civil liberty; who have corrupted the cleo
tive franchise pensoned the press the patronage
OF the Government to the worst purposes of party, up
expenditures from l3 40 millions year. and sunk the
moral standard of the country, by making party featy the
test OF qualifications; such party, say cannot with anv
safety be relied curb Executive power and restore
e the balance Of the Constitution.
B. Resoired, That we consider sound uniform and sui.
cient currency indispensable alike the good morals
the prosperity the country; but dare look for re-
formation, in this particular from those, who dsregarding
the monons Of experience and dscardng tried and sue
cessfu sysiems have pracised bungng
monetary system until the best currency known on
earth has become the Returned 10 power our op
ponents, pledged that policy, will assuredi fix upon
the SubTreasury SYSTEM hard money circulation-the
inevitable result OF which will be- insufficient currency
ono OF the heaviest evils that be inflicted on a peo.
pie, and the under which country this mo.
grievously suffering.
T. Res0ired That utterly idle 10 expoct reform in
the currency from the State bank system. The want of
concert of action and unity of among twenty-six
State Legislatures, stamp upon the local insu
tons inadequacy 10 the important function of furnishing
sound and uniform currency. Their circulation never
general credit and the inherent tendency of the
system alternate expansion and contraction long
Is unchecked by general regulator, is well established
by experience to admit moments scepticism. Never in
deed, has this system been tried without miserable and
melancholy abortion.
s. ResoIred, That we consider welordered National
Bank the only means of providing currency adequate
TO the wants OF the Government and the people; we so
believe because all other expedents have signay failed
because for 40 out OF 81 Of federal experience
il has been for u the purposes of its institution
dainty successful; because with IL, had the best
monetary system the world and without
have had uniformly deprecated currency and wreched
exchanges Upon subject seriously involving the every
day business and daily welfare of every citizen OF the
Unon have idle distractions induge-t would
be neither wisdom humanity it, but as prac.
cal question. We not trammelled by constitutional
scrple 1t would be wicked arrogance in lie TO mpeach
the constituionsy of that which has received the well
considered approval Of the Fathers of the Constitution of
Washington and Madison, and Gerry and long list of
sages, and which has had repeated recogntons under
varied circumstances" from the Legislature, the Executive
the Judiciary and people. Nor comprehend either
the justice good logic of opponents in constantly
a
by arguments drawn from the failure Of the late U. S
Bank Of Pennsylvania, it is unapy termed. That
State institution and its State character pro.
perly It's of nationality the very cause of its
failure. With a capital of 81 millions and confined TO
the OF single city, compelled, in order
realise the ordinary Of Bank dividends, quit the
legitimate business Of banking and hence chiefly the ruin
which has taken II. Had II been national Institution
with power locate branches in the principal of the
Union there would have been ample employment for its
capital in the lawful business OF banking; the supply of
mercantile demandHnd to this day itmght have coniln
ed solvent and valuable Institution. Besides the Bank
still further crippled by the eXoTbt1nt bonus exacied
by the State for s charter, amounting form other
twelve millions OF dOlarsnore than third of the
capital stock. Its explosion, under such circumstances
not only thing be expected, but unayoda.
be and therefore far from furnishing against the
policy Of National Bank, yields the strongest possible in
favour Ii is said, true that the late National Bank
in condition The time Of the expiration of
charter but Of the truth of this assertion not particle
proof has been adduced. On the contrary the clarpe
m 1886, the Government of the United States sold out lis
millions Of Stock premium Of per cent or 3 lis
Tor every 800 amount Of Stock.
g. Resoiced That VIC view with the deepest concern
and modification the melancholy depreciation of public ere.
dit and national chuacte and here, too have nothing
hope from political opponents should they again reach
the ascendant The present degraded condition of American
credit surely has resulted from the of the Nations
ability fulfil its engagements. When much Younger in
years. and more Limited in resources IL borrowed millions
upon millions, for carrying it, lts credit scarcely
knew limit Besides, the property every citizen Of the
iional liabilities 10 be The evil, them is not the
absence Of the pay; but be traced moral
We soemny believe that il il the result mainly
OF the Jacobin doctrines vogue, which knew
this country until the reign If modern democrncy
and from which the world Of moral readi
To- al of yybich