Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-02-22
RESOLUTIONS.

Passed at the Democratic State COnven-
ton, held at Richmond, Virginia, on the
I'd of Feb. 1912:
Mr.. Wallace, Of Piusburg, from the Sc
lect Committee on that subject, rose and
reported the resolutions of his Commit
tee, which, with very slight notifications,
suggested by different members Of the
Convention, are as follows:
Resolued, by the Democratic Repub-
lican Party of Virginia in Convention as
sembled.
Isl. That the power to grant charters
of incorporation, as primary, substant-
i've, and sovereign power, no where con-
ferred, and therefore denied to Congress
by the Constitution, and that the creation
Of National Band, under any form, un-
der any alleged necessity, or in any local
ity, with, or without the assent OF the
States, is utterly unconstitutional.
2nd. That Government Bank, under
whatever name, whether chartered or
not, clothed with the power to deal in
exchanges, and TO furnish circulating
medium 10 the people. san infractlon OF
the Constitution, equally deleterlous to
the interests, and subversve OF the lib
critics of the people, and is fraught with
danger to the faith and credit of the Gov
ernment. This convention solemnly de-
MES, and cannot recognize in the COnstl.
tuition any power"to regulate exchanges"
or ''to regulate the currency" except the
power ''lo coin money, 10 regulate the
value thereof, and Of foreign coin"
3rd. That the Bankrupt Bill OF the
late Extraordinary Session Of Congress
impairs the obligation of contracts-Vio-
Iates in its provisions the Constitution
extending in its operation to all classes IN
} the community, except Corporatlons-
} conflicts with, and dsturbs the policy OF
} the insolvcnt laws Of the States, with nc
! compensating benefits the faithful pa
j rent of frauds eminently promotive o.
: and offers bounty to wild and hazardous
SPECULATION, and is we'll calculated, in lt'
entire effects, to debauch the morals o
!. the people.
e 4th. That the bill for the Distribution
It of the Proceeds of the Sales Of The Pub
g lie Lands among the States, is an uneqna
e iriquitous and unconstitutional m'saPpll
cation Of the common fund-an unc0nstl
j. tuionaI abuse, in effect, Of the power
e taxation upon the people, for the Pnrpo,s
y OF distributing the money amoa'g In
|, States, thereby indirectly assuming tn
!. payment of their debts. With an exhau
ted Treasury, by inducing the impositio
n of new, and otherwise unnecessary du'l
a. il is the source Of a Protective Tarl
Or deeply INJURIOUS to the South; and NOR
lie over, it impairs the dignity, is degradil
TO the character, and is dangerous to Z
ir. rights Of the Sovereign States Of the U
ion, by making them the recipients of I
ct bounty of another and independent GC
ce ernnent.
e- 5th. This Convention not only q
H. approves the whole series Of measures
the late Extraordinary Session OfCongr
lat but it cannot but mark with dissatisfied
vas the manner in which they we're pass
Great questions, vitality affecting the
Nr. terests CT the whole people, which sin
lal. and alone, could not have met the
Of currence ola majority, were made to
had pend, one upon another, and thus, b
and combination Of interests, became ain
without debate. laws of the land-Aa col
:on utterly at war with the dignity and
plicitY Of Republican Government,
nse. Of most dangerous precedent.
ngs. 9th. That this Convention views
{. regret and disapproval, the Pralgate
and ravagance of the party now in Powe
lion. irect violation of previous Pleuges =
,renchment and reform; aud 1t sole'
Ar. deuounces and holdsuP to-the cen