Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1843-03-23


4notnl dive F|tilda ni||In 1I1.61l
t'1Q11' due ltItkIa d. Ii95
A1|ouni due >'ate q oecI1'1I 1lI 900
Do. Do. D. HoIae. 1Q9 911
Those four ies' stems. auopai'1s % mar >
ni|iien ~ deiIa't were snbfacse p oli'. Which
passed both tivestf p tengLsfs re ias' n,en, 4.
~. fsl4ofen ) ffm q rl9fe, ent too if'e Y
receive The sis4Hnte q 'he aPeesef !. bot lhef
have <ince been provided le5 ~ wing Fo4-
gfcss
Dsbis rtcordtd N fts PeSf Q0Iee Drparime5f.
Dae arrearanes.i ID contracfoFss II 993
Dae con,raelor, seyant means. 1854 .99D
M. 5000 :. ~. I,,-.,,,..,s
- -, * ~
mouns .s-sy 10y s'.oa ~. 49, eis'fpo'F
-. s,,.rs,,+;s,;..,,s n,,sr IS ~
ce.s11Es thisk sdionrned Mach
1e4f and prevsons Congresses. zig oeO Q1f
k24 7l9 COS
Here. then. i debt of more ,hais TWENTY
-FOUR MILLIONS OF DOLLARS. eve.y cen,
N ,Vhich vas ebnirscted before The An Nareh.
1s4I. and sons OF which. IN despits Of the din.
cuI,ies eneoan,efed 81 he Whirs. has beeb Maid
IN s;nre theig sseeudsncv n ihe Maizena, Conn.
e;is
And lhix diuinu,idn Of tbe public debt. /,
shouIa b further femembered. vas accompIished
.g.;ns, ! ,.on,ins;ed s,rgeole II fsc,o,,s t,orl
si,;cn- Who ,hJooahout eea,Iy ~ 1hoIe NINA
m he Fr,Fsr, Ssssion. not oniv snoke faf AZ, I
ana even r5eehs sg ans, FL 1eenlsr messftes ar
~ s,,snn,, 81 ,ss f.,,s,.ssr. M
800 ss.,,., n4sriv 81 ~ 81
..;.h 49,. - a., "a ~,
;.,s,s., NJ 49, 49,
30 ..a,., ~ ~. .w;f. .,d.. sh;lh IL.
80 ~, ,rsr.lv - ,he cfss,;,s
=" ~, f.h. NJ,
$3.50. u. - -, +. 49,;
49, ~ -. ~ !,
~, dsh, In, = q, ~ fnad Is h;cb
.'..,ds. "a
,,,sv;.,e W. mean III wYds.sosssS aud dssc.
ss,s,. ssysc,s n !
---,''s ,,....s-- I-.
DLA4AsIf..f = shL esr.hsSf
Ihe war upop me bank, ana naai oseftnEo"
VI that insil'uleo, was one q me great ana as.
ttnguished lne'eenis OF Inc secsson err, ano
that TO when We are disposed manly 70 asctloe
The long train 81 evils and disasters 70 which
the country has ssnce been exposed; On me
ruin Of that one rose several hundreds Of fimslal
insliusionsi 10 replace iss 80 millions. upwards
Of 200 millions 81 banking capital was legpslated
into existence; 10 compensate the wishdfawalol
is 10 or IL millions OF circulation, more than
/ 100 millions Of paper, issued BY nf1 banks
flooded the country. The great organ a me
new empirical school, the Globe, exuiien maj
The States would now furnish their ownfnrfen'
cy President jackson, 100, WIN a rh@Iqh-llks
folly, applied The lash 10 ssseds impatient q
restraint, and already threatening 20 insoiYe ese
/ ry thing 10 Fuin-urging ana stimulating tne
banks 70 those iatai ofer-.ssuss Wnencf hesg
sprung oil Gus eelamiIes; gun, 'vf ms ae M
great experiment seemed ABOUT 70 very me
vaunts with 49, It was introduced Tofhe iairP
but moderate rewards Of laoour. soon sqeeeeds
ed, seemingly, inordinate Pfoniss..o RATIONAL
enterprise, WIG ana hcentiohs' ou' ~ sam
guIne spirit q specuihtion' /,
Ths amount o. money Atne measure y III
other vaaues) circulating az any gwen Ane, tss.
ulales, with eonstani approximation 70 my
ratio which that amount noids 70 me "holt
property Of the country, me prices oL1eyers
description q commodity. thence tne Ss W.. !
increase Of the currency between io$V aly
1887, tine amoqnlot properly 70 tne S.epsi
remaining me wnile "l'nou. mfsss.s. Y
or AZ .eess keep'ng % Pc mna w ~. l.aS y
we eitrulas'hs s. y,
more money eon,nuahy y P.qPo,.lon y etsa,
osner commonly, Psouuoep y sse ' s..as.s
law Of cause ana eueet, a communal any sorfts
ponding rise 70 prices. SuP2osiqg no o.ner cause
10 operate beyond me mere increase .. monsX
and thatthe relative demand ,Vi ese,y sofe y
I property continued uncnangea In.opgal tne Pe'
rioe, the doe9Hng q Tue s'Leu'.ups Tles ~"
oetween the oaies menuonso Mouio nass vss'
found exactly TO double the PRICE o. evefy com
modify. But this relative demand y never inc
same from year 70 year, aan ns9ue sor,p S'h
modiiies exceeded, and others feii snort O. az
exact ratio 10 the increased amount o. eurren-
cy-while tue spirit OF speealaiion, enFepqSr
ed naturally, and, as men are constituted me-
eessarily oy The rise o. P.lees, ss,z'ng,
always dces, on some isvofne 9O!ee. y. Iafs NY
menl, not only tended iutlnef 70 ais.vao ny
Eequal pfoPorlloasle rise o. PRICE o. e1ch Pa.'s'
uar commodityi ou. lnnamlhg tne tmessns W. =.
gave 90 impulse q me Prices z .usse $3.50. ls
objects, holoings - fesata - n'en,, " ~.
lion whatever 70 the mere lncle sse y ~ -.
culating medium western ANU sp9cr'suon z
was the Sousn'sea ouoole y sas noa1 ~ na'
l added-none can CONJECTURE 70 nov 49, ~
ex'ens--to shs evils sno elssLess nssps' 80 W.
incioen, 70 tne eolsleo',on y. sle'. 49,.
Tine calling 10 q saelr iosls y sns :
Auo S.ros1 " !" "a, - M
sound eonsefsspae eeIesnEy
Inc voice o. Pfopneue Ma1usns ness .,...A.
oeen raised 70 e11ess snsss r. ~ ,s sSa
l-tnese tataa PIoleeS 49, .s 49,. -.
nsss, ny W. 4, ~ ,ssI,,sIons 4
~ 'as 80 s,rEpt mi,
~. .ne o.s.ss s- s1. %, M. vrs,t m9sS .nI
sns eoE s.ss ;aav;rJ 8 they ever do m,
oouy =. ny 1870, e.i~ faisllv mis,ooI
~ s,a 81 No. Az far Ire sunshine
49, 49, lr,sf -,irram ofhappi
r.s.i's -. ~ .w r1s - 81 raia.
=. ~ -, ~ 49,, ,,,nrs Ia Bankin9 tapital .