Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-12-08
TnE cUItREAcY..

AL a meeting held i'd Befryyie, Clarke coun-
j, ION Monday Fhe 23th November, l542, for
The purpose Of taking into consideration lhe rle-
sen, dsfauged slate Of The currency and disiEess-
ed siIuatioa of ihe country, Col. BENJAMIN
MORGAN was Called ~ the Chair afld W. ID
F. tAlpwEtL aPPpin,sa Seeregaty.
JoHs A THOMPSON. Esq lheh addressed the
meeting explanatory of HE objeet thereof in
clear, torcible aud eloquent Misunderstanding
cone Iusigely thar the existing pedunary emhar-
rassmeats Of the county arose nbt for lie want
Of money - because ltefe.was Enough FOR sll ouf
business purposes butlrom Tie faei thai money,
as STANDARD BIZ which 70 measure The value Of
property, was diverted frem It's legitimate chan
mel, and psedas ar Instrument Of oppression, biz
Ia set IL brokers' ssarfrs, Stack jobbtrs and sirsia
ters;--lhal h wGeheck this unHa lIrat drain upon
he, cn rency-d iyeIa il from lhese corrupt and
impafe channels into which ii flows - cenfne ii
10 The honest legitimate purposes Of trade and
exchanges-w shall find there is enough He
stated that money q credit, which is only about
oue-ihAleih part Of The whole mass Of property,
wpuJd in the hands of htaI,less broke Is, and un,
ptl1eipled shAyerS, control and dpmineerpYeI
lux wh0le labour, and destroy all the pfolifr
snu4ees az, our psospefily and happiness.
| Id eoncil&ion, be submitted the following fesc-
Iuiions which were severaily read and passed
with but one dissenting yoice.
LIST. Rtsolred Khat money, or credit as The
one or the elher may be used, is a great instti-
Dient of social eonreniesee 10 measure the values
Of property and 10 sxcRange il that itoughtIto
be confined % that pufpd<e, and that ii is HE
right and The duty of The Community so 10 con-
fine il. M III
2nd. RssOlrtd, That's prscliee.of speculaiiha
| in credits, wheiheFihe credits or Individuals OF
banks,-is calculated to Pervert the Original and
proper use Of money Of credits; To- disturb and
narrow the nledium Of exchanging properly; 10
create body Of sharks and shayers, idlA and
..nnproddctiye ia any Thing useful 10 The commp-
hily; 70 produse excesses and Searches Or cun
rency alternately, and thus The ruinous huclua-
lions in prices and property ; and 10 make money
or credil+-abpul the Both fraction pf all property
and which was intended 10 be its assistant and
ssrtaHl, It's iyra,li and master.
SD. Resolved, That the rtetes. Of six pet
cent. on morey, or credit, (for the bank pafer il
ctedit,) is amply sdficieHtto bring out iheIWhote
I Of il ID The use oF trade, commerce and exchan-
ses lhat+wiih that profit capital will,doabe ia
1 II years; and that The legal interest already, ii
point Of profits, places money. or credit moi oni,
Eupon an equal footing with The average pIoGi.
Of other trades, Nemployments, and property, bu
upon decidedly vantage ground.
Alb, Resrlrsd, That ID these didiclltiines mo
Eney and credit are NOT legilmately employed il
legal loans, Or the purchase Of property, bu, il
manIfes,ly, and lolofEously perverted and abusec
| in exaibitan,. extertl6natc, and Inineus nsury
that such use of Hlohey, or credit, will not emily
involve The indebted 10 rpin, but will affect ami
linjureAall The useful and productive classes o.
society 10 lhsir trades and employmenis, ami
will rebound ID The advantage qf small I'm
productive aad idle tass-lhe brokers and sha
\ refs.
/ 5h Resclrsd, That 10 correct these abuses
that 10 restore and eenfne money, on credR, L
lis clIire cf exchanging property ard 10 guar
Them assinst the PAryersion Of the cunning, nn
princspled, and wicked, TIE Legislature BE com
manasd and instructed . pass Law pFnhibiiirl
the dealing In amy credits, whether of Gerp-fn
Egi0ns III individeps, al greater per cen: d
tprGtltthan 6per seai., aasl eufscating he bal
amoun; Of cfedfts Khen purchased alta gteaie
rate, for The herefi Of The literary fund that ID
said law further provide, that the person, .
whom any Srredit irhaitrer shall be bought II
greater per cent ahaa the one named, shall be
competent witness 10 prove he fact, either in
iciTil suit or ia an indictment lof-usury b. ID
EcommonweaIih \
Ch. Rtsolred Thai ihe above proceedings B
lpublishrd 10 he Winchester and Chafeslpw
papers he Iatall.sencer and Globe al Wash
lipg;oh; HE, Wing and Euqaifer al Rict
lrbond. and lhai al editors BE requested % cor
The same. Thattbc several Nos of Fir Play
on she subleci Of The currency, recently poblisl
ed ID The Free Press. gather with The atoy
proceeding, be printed ID pamphlet fornfpf iii
lihuiion-aad thaitour fellow-citizens ihrougI
Epss HE Stale beSeqhesied % join us 10 40 sppsi
10 the Legislature for fedsrss nf existing elei
y ahces. BENZ. MORGAN, ChaiAlsGia
w. B f. C4kDwELt, SEerttergi