Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-10-13
eEs. HAnrLTos,s LErrrI,.

Gen james Hanilt0n, Of seesh carolfsa,
Who hss been for some neaths ia Eurabs, haa
ufiilea letter from Lnndon, under date Of
September ssh, addressed 70 he Hon. Ibhn C.
calhoun, giving him an account Of the hspiora.
be condition Of American eredii in Ean.ps. shd
urgiag him % Do .somelhine al home 10 meet
tht truly alarming crisis Which this stale II ihisRs
Epresents.s He says SHE fact is NOT ID 3. COO
sssied, that ss bezia 70 ts regarded Is anaiiel
lof sharPers and svindlers. viii shon, ifshe esy
lof judsmeal should happen 10 Be MonSSy. our
pay4da will cot be nalil The TuesdaY folI8uihe !
I-lhsi - sieksnine disuust has fslleh ubbs a.
and '.;he comparatively insignificant Rpa q
Hamburg. Win ~ pceuIasion Of 2o0. o0o inhsEil
iaais. 10 enable j, 70 rise out o. is askss, hai
bofroued al - per cent precisely doibIr liz
amo6nt pf our proposed loan, oae fariaing ~
which me Uaasd States Commissioner en- pro-
baby not Be able 10 negotiate y
Gen. may well be grievedfof The ecAditios
Of his eounIry, when he Witnesses IheseSh,nz..
and. removed from the arena Of home 7sIsric..
he can easily discern The real eause Of dhf d.
preston abroad. We have no, room this pcs
for he whole telisr, but We cannot poslpdnt
concluding paragraphs. He says, and uasy
IS every cand q man will admir-
j Il doubt. since the creation Of ihe "a
whelher such 40 exaspGtAep y kseenl yearspfsfoE
~ and ms government No Southern planief
| would permit bis plantation for one hsur 70 Be
governed with such alsck Of All sense aas pro.
videHee The caftas ana HolitRtols, ID re-,
ference iotheir condition. doubt not have 6eeh
eovernedsith z policy fer more vigiIant and
enlig hieneds n
A county OF immense resources, in a period
of profound peace. on the verge OF haakrapgcyk
Any man who will read Hnme's essays "a
Public Credip' and on money, q can b. iat nd
loss 10 ifhce our present condition 10 it iru4
cause. We have been suffering ever sincp Genl
jackson destroyed The Bark Of ihe United Stated
silh the1fxcepiinn OF a Short period 81 i,sle ~
pered infalipn created by his own measuresJ
under STEADILY diminishing circulation, uhIcfI
the eminent philosopher 10 whom have referred
has declared 10 be one of the worst calamuiea
Thai can hefal civilized caaniry--far more dis
ssIrous ''than The continued bliehr OF unfa tara-
bic harveSts and seasons I" This result has been
FIRST, in lhe constant action Of The FEEDER al Co.
vernmenl.Ior their supposed mediIaied action On
the Banks OF the States, which created 1hiver-
aal panic. hat has compelled The Banks 10 wiIh-
draw lheircirculs,i6n; and next the General Co.
vernment permitting 10 remain 10 criminal abev I
anee their sovereign function u supply Curl
rency equal ia,Ihe wants Of The country, and ITO
| regulate ils value
The Consequences is, that the States have no.
Thing IN The shape Of credit, OF money al home TO
pay with abroad Every species Of property has
fallen from any I'D one hundred per cent, and
the siaudard'of val6e so SERIOUSLY disturbed that
aHman 10 1889 might have had property to three
times The value ofhis debts, yeI he is new ipse
faeio ruined by the silent transit Of our county
from a redundant circulation to what some are
pleased felchously 10 call hard money cufren-
cy-then the fact Is that We can procure nei-
iher Thai which is hard nor sofl.
BY this alteration id the standard or value, Q
revolution is in porlenious progress in our coma
Try, As wide spread and desolsiing, as FAR as
property is concerned, as that which Distinguish
ed and illustrated The masterpieces Of bnman
policy Of The RobesplereS. Dantens and Marals Of
another Inflated c,.aniry, which 40 its time was
governed by its aeHaeogueS too. who made pa
per money so thick that il showed assignats in
the streets ios Paris, and then turned round aud
burntin their phrenzy their own handiWork -
Look, my dear sir, al the thousands and tens az
thousands of families that have been fuined--
lhauhave had unuttersble woe carried into the
very hosems OF their houses. by The nosirums or
our political quacks. Who in their senseless war
np the very banks they created, gave no time Shy
discords" for the Country TO pass from period
III expansion TO- one Of severe aud arid res,fic-
don. fs-s sr
To those who have BEEN ruined in these IN
happy times; VII, Sc estates have passed upIer
The tender grippe &c The sheriff, the mora Justice
a General Jaekson's memorable apothegn
will be but dry crust, sihst those who borrow
money ought TO break" doctrine out OF which
their creditors are likely 10 derive as little COM
fort as themselves, although irmust be admitted
thai the General tried all he could to secure his
blessing % The county, But, my good sir, The |
day Of reckoning must come Rhe account will !
be adjusted now or hy posterty hereafler one
OF lis FIRST claims will be.so settle wha, The vieiol
~ 81 New Orleans has eqst Us. These are gene. |
rally expensive psgesnis any how Bonaparte I
probably never achieved one for La Belle France, i
excepiIo the tune Of twenty n ilIions Of francs |
70 say nothing Of the lots OF cracked crowns aad
bloody noses he left On the Geld Of hatlle Butsl
his victories, in cost, were no more to be com
pared 10 the victory III Ne " Orleans, than pen. /
~ whistle is 10 Baron Aunchausens celebrated
April thaw. lcalculaie thar he victory Of The
6lh Of January cost es FIVE hundred millions of /
hoilars, besides the small expense OF entailing
npnn The county "a SET Of jewellers wh Sc fosly;l
has taken away all dignity from distress. aud
made even calamity ridiculous Ypr siIl say,
bold You and are areaily responsible for This
hero'ss getting into power. Yes il is true, Will
inglY would ] expiae this sin. sir, with my
blood, il il could recall the fatal past But lhiS
s impossible. Lei ns look with courage and
resolulion TO the future. | care no, what your
ibstraei theories On banking are, Rhe:her they
,eree with or differ from my own. believe ,
ro1 haves as you bad a the close Of The lsle war,
be resources Of mind and spirit 10 lft the coun-
~ out Of its present deep decadence Yes. my
lea. sir. believe your ambition and your genius K
ire on level with alIIhsI is great and gleFio1s
n human action apd Enterprise. The field is
,etere you take the lead in some great public
MEASURE. whether Il be Bank Of The UniIed
states. Esehequst Aeent, o % immaIerisf. Il
o that il shall restoIe confidence, invlgoraIe iu
lusry. give US an abundant sound, cifcul
medium, and drag up from the deep The dTovu-s !
ag credit Of The States. Do this, and if the 6rSlH
,oaoT Of the coostry doea not await you, lis last
blessings will rest upon your name.
I remain. my Dear Sir, with sincere esteem,
Very respectfully and faithfully yours.
J. HAMILTON
These Who remember Mr., Calhouns speech of
s57. upon the currency question, in which be
ook The ground thaiihe credit Of The eovernmsns
'as beller Than individual credit and hat there
,as no necessity for connection between the / I
70. will not be Surprised If hal gentleman I,
hoad come out viii some grand scheme Of / ]
:1ebequer issues. And this scheme, vhaierer
lay he us name. viii BE- quite As fornlda Bic a.
NJ