Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-03-03

n sf Il J., appalling 10 Contemplate eyen IN aht"'a
rn There has been expansion ii Their business dn
rnr the past year-and yet hat distress aud mbarass
ineni every there prevail! How gloomy Is tue pros
peel tor the wear 10 eone Is it WIS., Al such time and
under su, h circumstances To enlfce resumption, with
the certainty that il must result either in forcing the
Banks still further to Cypress the community or to wind
up their affairs! And for what! Why, merely that
the holders Of lis notes, not one IN ten ct whom
keep them week may exchange them iar lizard mo
ney, with which. II they obtain It, they can purchase
no than they now with its paper representatives
1t seems TO be supererogatory to aTene 81 lam rI1si
tion-We should certainly 50 decmii, were II not that
many intelligent persons, who have deep stake III
the result Insist upon cocrcng tie Banls. al all hazards
10 resume Their precxi is. that they 20 Tor sound
currency And who does not? But Will such
secur, that blessing Far from it, The remedy does
mol reach the disease. The suspension by the Banks
was not the cause, but the offspring olihc cause. by
which the currency Of the country yitiated. The
Banks, like the people, are the victims Of "Expen
ments" II is not in their power 10 remedy the evil
Relief must come from another source. They may act
agents rcciifying the mischief but they have no
power in themselves To effect a cure. The federal 90
vernncn, is the author Of this universal arrangement
and no power less potent oi less limited influence
bring order out ofclaos
Are the banks togo on; frcver, then. in state Of
suspension? No But they must lave time to collect
their debts and 10 diminish the disproporlipn between
their specie and their circulation. Gradually, this is
done conidcn"e will be restored; and with the rsiora
ton of confidence. resumption will lake place For il is
fact that the Banks Of Virginia in better
condition. when their means alone considered. To
maintain specie paymcnis. than They were when they
paid specie on demand But tlcn there confidence
which was better than speclc-now there is general dis
trust the effect OF which would be 10 empty their vaults
their specie about equal 10 their circulation
and dcposcs 1t is To be hoped that the aye o ENperi
monis is nearly end, and that Tie country,
ed from lis political excitement and sohcred hy misur
tune will again settle down upon proper fiscal sys
tenn which will neither tempt he State Legislatures 10
incorporate ers Of banks, n0rUe Inducements To those
institutions to expand their issues adLbdrm. But as,
after dchauch. the stomach docs moi instantly
lis tone aud the nerves their adinesS, order
from the encrvaiiug efforts OF this political ner
ely. time is absolutely necessary. All other remedies
yet suggested, will prove iruoss-m,sl Of them ruin
ous-p particularly such remedies prescribed by the
very To whose previous tampcrngs with the
cy is ascribabe the dis, which ;fcts the body
polite. patient, reduced by quack Irccnd,r, l' ma
condition of health and soundncs 10 Tie verge of the
grave. would hardly be willing TO trust to The n,strIs
OF that quack Tor his recovery.