Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1842-03-03
IMPORTANT RESOLUTIONS.

Mr.. PoPE, Of Kentucky, on the 18th ult., Of
tered the following resolutions, in the House of
Representatives, which were ordered TO be print
ed.-l'he lntclligencer remarks in regard to these
resolutions that they embrace declaration of prin-
cip!es, which, though we heartily commend their
national spirit, too far advanced for The spirit
OF the times-too national, we may say, to stand
any chance Of receiving the countenance Of Con-
gTcss, under the present circumstances of the
country.
Resolved, That in the present condition of the
country, 1T is the duty of Congress to devise
and adopt the most efficient measures to restore
confidence and credit, secure the people against
appreciated paper money, give to the nation a
SOUND and uniform currency, and as plenty Of it
as practicable, having due regard to the const-
tutional standard Of value, gold and silver:
Therefore, resolved, That select committee
ol--members be appointed, with instructions
10 inquire into the eSpediency of authorizing the
ISSUE o. three per cent. stock to the amount of
one hundred millions of dollars, irredecn,able
except by purchase, until the expiration of FORTY
years to he divided and transferred TO the sever
al states In proportion to their federal population
TO be applied by the States to internal improve.
Inents, and the payment of debts incurred for in
ternai Improvements, and for the payment of the
interest and principal Of the stock; the proceeds
of the public lands to be set apart and PLEDGED.
instead OF being distributed provided for i'm
The land bill, approved the 4ih day of Sep
tembcr, 1871.
Resolved, That tho said committee jnouire in
to the exPedlency OF authorizing an issue of like
stock, not exceeding the sum of--milions Of
dollars, to be applied to the purchase. in pprDetui
ty, of the use Of such public roads. free from
tolls, owned by States or corporations, or both.
as may be necessary and proper for The transpor-
tauon OF the public mails, stores, arms and mill
tary purposes of the United States. and tl,a, -
per cent. of the proceeds Of the Post Office De-
PaTtment be set apart and pledged for the nav.
ment oil the interest and principal of said stock
Resolved. That the said committee imonir,. in.
TO the exPedIcncy of proposing al amendment to
the Federal Constitution, proyidinu liza, mo- Sia,e
shall, IN time Of peace, contract any debt or
oeDis, oy loan or otherwise, exceeding the sum of
--doIlars over and above the annual revenue OF
such STATE.
Resolved, That the said committee also in
CURE INTO the expectancy OF creating national
bank, with capital Of not less than sixtv NOR
more than eighty millions of dollars, onc-fourth
at least to be paid in specie, and the balance in
stock OF the United States, to be issued in con.
formity to the foregoing resolutions exclusive of
what may be subscribed by the United States;
one-lh part OF the capital stock of the bank to be
by the United States, and the residue
BY the several States and American citizens, one
hail at leastto be reserved to the States the pa
rent bank or board of control 10 be located at
washington city, with branches i'm the States. |
With their assen,until otherwise provided by law;
Zach State besides its share in the general control
d me institution, TO have the appointment Of Of !