Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1843-03-30

sion Of the whole doctrine on the subject
OF corporate rights, and radical sesor,n-
alton in the entire system of oar moiiIed
institutions. It's high privilege to au .
thorize body politac and cooperate, not
only to discUant notes and deal 10 ex-
changes, but also to issue circulating
paper medium. BY many, the constitu-
t,onat iglt oil State Legislature to au-
thorfze such currency, has been stTenu-
ously Questioned; whilst the policy, ev-
en- If tie power exists. Of authorizing the
same institution both to discount and to
issue, has been strongly controyerted by
eminent statesmen.
Instructed by the experience of the
past, we ought to unite, as ct occasions
may present themselves. in framing ad-
ditIonal safeguards against fraudulent
acknowledgement and wiIful insolvency.
Sufficient checks tn prevent irregular and
excessive issues aasht to be provided.
That the notes taay be certainly sand
prompt y1esieemed in sold & silver that
all liabilities way be punctualiy discharg-
ed-are objects worthy Of the co-opera-
ton Ut all. An augmented liability Of
Stockholders would constitute them
safe guarantee against fraud aud embez-
ZiemeAt, and afford good security to
note-holders against depreciation aud
loss, ahd seems to be required BY the
plain dictates Of an equal and impartial
justice.
A stern and infexible inhibition of
small notes. and as a future permanent.
arrangement. coupled with the improve
ments indicated, might elevate our local
currency to the constitutional standard,
and make it, among ourselves. safe and
convenient circulating medium. And
could 1T bat be inaexibly settled, that
hereafter no exemption from forfeiture
and penalty could be obtained, and no re-
newal of charter granted, the community
would have another assurance of safe and
prudent management, in the existing ne
cesslty for each corporation, in its turn.
to make due preparation for its final and
appointed hour.
In Republican Government, the sub
ject Of general education is of pre-emi-
Aent Importance. a profession of Dem
ocratic principles, which does not en-
brace its cause, is incomplete. The ad-
'anoement of the general happiness and
OF "a community. is the main
purpose for which government ought to |
De instituted among men. The dispense
ton of the greatest amount of attainable
good to the greatest possible numbers.
should be the paramount aim Of every flee
Government. The right and capacity Of
the People to institute and administer
such Government, cannot properly be
questioned by any human power.-Edu-
cation, acquired knowledge, Envelopes
and improves this capacity, ;mparts visi-
Die reality to its existence, and saluta
~ influence to Its operation. Whilst
the details IF plans, and sthe maturation
Of systems, should be enjoined on success
'lye Legislatures. the Republicans Of Vir-
sinla will cherish the great cause of Edu-
cation, and with their invincibe conf
ience in the capacity of the Peeple<for self
government, will inseparatly :coiitect the.
attainment of that grand desideram-the
general diffusion of useful knowledge.
Let each revolving year still fad the
General Assembly perseveringly pursu-
ing this subject, with moderate and
prudent expenditure; avoiding with equal
care the failures and disappointmen's
upon visionary schemes of
extravaganza, and the morti-
ying and degrading abortious Of an i'll
judged parsilnony
We have now. citizens, execut-
ID the task assigned to your delegates.
We have, we trust, shown to your salts
action. that the period is one unsurpass-
ID an interest and Importance, and that
tcallsifer yourunited Jealous aud strenu-
'us ezerticns to secure success, and that
Iefeat would.be followed by the loss of
he fruits of all your former victories.
We have, in addition shown, we also
rust, to your satisfaction, that harmony
md union can only be preserved by a
'igid adherence to the original principles
md policy of the party; that it is lndis-
pensable to harmony and the success of
IF the party, that the selection should fall |
Dn the candidate, whoever he may be,
who is the most perfect and faithful expo
neut Of it's principles and policy, and is
the most capable OF carrying them into Elk,
ecution. We have, likewise, it Is hoped.
gwen a fair and just exposition of The
wise and liberal principles on which we
rely for the conduct Of our domestic ,po-
licy. and the promotion Of the best nte-
rests of our beloved State. Guided BY
these just and plain rules, with Con-
vention properly constituted, and con-
vened at a suitable time and place. VIC
tory cannet!fail to perch on our standard.
as well State as National. .Irremains
now, fellow-citizens, flor you to -perIurm
your daty-to be vigilant, active and
d,sinterested. and to display the energy
and zeal -wlnch sthesoccasion demands.
We have every motive to impel.ns to the
utmost effort. We have arrived at the
last stage Of struggle Of more than half
century, .when.the day must finally be
won or lost. The cause is thetcaase of
the Constitution, Of the Country, and
Freedom. Let there be an united effort,