Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1842-03-29


MR. POPS FISCAL AND CURRENCY PLAN
Willie Congress is Al a pause. aud the pubie are
considering me P.rsidvm's jeyieu. 1t my nsl
be Omiss To eHubI the workings Oi other mind. "a
this great theme.
The Hon Mr. Pope of kenIuJky. has At lra,, thr
merit Of having gwen murh attention to t.,s sub.
jeei' and On the 18Th ult submitted TO The House
OF Representatives the Showing fes.launuss
Resotuef, That. IN the present r%on,Iiirn, Of the
conGty' 1t IS The duiy Oi Congress 10 dev,.c and a.
dept the mist efficient measures T., restore r,,niidei q.
and crsdt against deprecated pnp,r pun.
81 give 10 The natcn a sound aud uniform currency,
shG as plenty oft as practicable ,hsving due " gnd
yer
Therefore ReSolue3. That a:-eleci committee Of
members he appointed. With INSTRUCTIONS TO "a.
qnire iniV the eNpcdicncy Uf Authorizing the isne of
8 per rea, sock Ia the amount ol one hundred mil.
lions oIdollars irrcdremihle, e1rrpi by purchase,
until the expiration OF iorly year,. Ia he divided and
transferred - the several States 10 proportiou. 10 1 G
applied by the States Ia internal improvements. atsl
the payment OF debt incurred tor internal improve.
ments, and Tor The payment OF the interest and prin-
eipal n this STOCK The proceeds uf Tho pnhlic Iin,l,
To be set apart and pledges ius'rad uf being de
GibuAtu y Prov ueu iur M the lalt bill aDurDNpt
On tbs fourth DAY OF September. ISlI.
ResOipei. That the sand committee inquire in,p
IN; eSpediency of authorizing an issue @. lac s,urk.
not exceeding the SUN f-milluns q, D.. applied
10 III purchase. IN perpeiuiiy, OF the use uf such
nntlic roads. tree lrm IUll~, owned by States or cur
por itons. nr b IN. rs my be necessary and prop, r.
for tle 'rIas porta' ion Of The m1ils, stores, arms. and
militIy purposes ut The United S,1,es. and "a, -
per c at Of the paOceeds of the Pat Office De,a
meni be set aplrt and pledged for the paymeni, 4
tbs interest nud prnci pal Ol said sluck.
X soLVtd. Fiat the said Committed inquire into
lie 'xPedioncy OF proposing al a~mendmsni - te
Ed raj Constitution. providing that no State shall
1T me OF peace. Contract any debt or d-hs, by loan
90 otherwise, exceeding the sum oi-IOllars over
and ah"v" The annual revenue ofsnch Stale.
ReSatUcF That The said committee also inquirs in.
10 the expcdIency ofcTcalirg a National Bank. wiih
n capiinl oI mol less tiI1u sixty nor more ia 10 eighty
inillions Of dnllirs. oac-t,uIih at least 10 be pad i
. ec.e. ani the balance in sleek oftir United Sales
"a DO issued in conformity t. the furegping rcspluion
exclusive ~ what may b. subscribed hy the Umiod
States one-hlh par,ofIEe capital stock OF Ihe rank
10 b4subscsi1cd hy The United Stairs. and The resi
due by'Ihc several States upI American cUizcnsone
hail at least to be reserved a. the States: The pa.
rent bank or bard ui cdnirOl To be located nj Wasl.-
ingtnn cIty. with branches ia the Sac. until ol.
erwise provided b. laW;-a.h STATE. h. Al les its share
in the general control OF The i slisutiuu to have the
appoIi ime 1 81 ~ least cue dir, cIlr OF each Bank
placed wihn It's limit; HE dividends If said Bunk
abnve SIX per cent of The capital stock To be added
Ia The funds pledged for the redemption vi Ihe stock
authorized by the foregoing resolutions.
Res Iced. That ihe said committee report on the
matters aG,resaii 10y bill or oIher~Iss.
The iulluwiug - an extract or letter dated Bos-
ton. February %, 1914. from a gentleman ofhish
respectabIlIiy and standing. addressed io a gentle.
mum ufthIs city, IN relation to Govenor Pope's reso-
buttons. concerning The Currency aud Finances OF
the country. State Dehts Internal improvements aud
u National Bank. The ritter SAYS.
Its the frs, b1ld.manly, aud siniesrAaulike move.
ment that has been mpde Tor twelve yonrs. lie has
need like one Of the old R-bubIicun srhupl. and
gone hack 10 The times. principles. nrd practicable
measures of the best DAYS uf The Union. There has
been enough of experiment. ignprant demgugneisn
abstraction folly. and rairOus pnlicy. The nation >
plunged niu the darkest depths Of disasters. and ran
only he again raised TO It's pristine prosperity and
grandeur by The mighty effIIs Of capable and great
mon. The dangers and difficulties which are 10 he
met md surmIuHted require ample means and ri.
ganiie measures. lie has buldly proposed what
should be done. aud ] am confident, if his plan he
adopted. the People and country will he raised in.
To such VI irous add healthy nciinn rs soon To be
enrblei 10 triumph over The emhaua smeui under
which they have been crushed fur The last four or 5
wears. ln ZINES of great difficulty no halfway mea.
slros Will answer. There mus, be a erinl AID ec
teciIve IN 'vcmcui, commensurate win The imptr.
t,nce 81 TIC a. jert Co be accomplished. There has
been too mach %OlirIhng, to Dany ex cdIenIs oil
l1tle minis tor many contemplate attempts To siav
that destructive tempest whirh has swept with such
fury and stli mges over this devoted land"
We deem 1t Cue 10 Mir Pope 10 sub.an his plan
fairly to the public without obIrudIng our own opin.
IN asto IL merits. which is of lille consequence.