Monongalia mirror. [volume] (Morgantown, Va. [W. Va.]) 1849-1855, 1852-01-03
VOLUME III-NO. Ia5.


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supplanied silver, and has also lukrn the
7 place 10 "a considerable extent Of lonE
!, noIes. The paper circulation ihfougll-
: out iheicodniry has been greatly ditiu-
q ished By this increase oi gold r
The Bank Of Louisana, previous ii
the inirodps.ion of gold from California,
enjoyeda o ulaSiinuIn circulation oI two
millions Of collars, Lrt WHEN gold war
. freely given 10 exchange for notes, the
circulation of,his bauk lellin The month
ofFsbruary lalI'undtr million idol.
lars, aud al period when the country
owing to The high prices then prevail
Ing, had 10 bvrepresrntfd by an unns'i-
al volume and amount ol currency
which Is ihe practical operation Of this
change in the circulation in one OF cur
institutions Of the largest capital, and
the most extensive credit. A rdue-
lItion Of a million Of hcf circulation hiil-
erto represented BY amillion oi coin,
under the operations of The banking
laws ofthe State. was cirtailment
other ability 10 give credit 10 Tie com-
munity for three millions Of dollars
in Tie shape oI discount aud credit.
This, while operating 10 diminish COM
mercial facilities, was new ,elem,nt
Of security y,in;the currencyofihe coun-
Try, and alone was worth aihoussnd
CALIFORNIA;. ~
He was irreconcilubly opposed 10
Bank monopolies and clartrrs; he re-
gardsd the assumption o. any indisidu
ais 10 issue paper money al pleasurc,--
10 expand or Contract The currency az
may suit their Interests, as onr oithe
most dangerous powers 10 be conferred
on any sci Of men, aud be shouldalwa,s
oppose il, or any other system which
did not amply project the people from
fraud and imposition.
Mt Robb next proceeded 10 spcsl: Of
the necessity oil amending and changing
the presentlyery detective constitution.
Hewould vote fora lawto submit uleil.-.
er they would have Convention 10
amend the Constitution or not. He
would support d Law for iheinmcdiate
settlement Of, this question, soiihai The
votes orihe people may be taken on'ihe
question, in time 10 frame a billlfrihc
election Of members 10 the Convention.
Though generally opposed topreeipi-
Ianey in Legislation, ne considered the
present case one Of urgency, demanded
prompt action r - f.
ls. remcdsl;ias ssrs ConsIiluiiorj je
would advoeaie the claims Of New Orr
cans TO safe charter Of rights, which
would place the interests of'oot ely a.
'ove and beyond the control oi ignorant
representatives, who live five hundred
niles of, and which would define clear
y the power, rights and duties Of cur
orporaie authorities. II was highly
important TO SECURE this right iromilie
ouniry. 1t was impossible for the
ountry representatives 10 und'isisnd
De wants and interests of our city, so
s''o vote intelligeniIy ufonilirm, lie
'as, therefore, for foirg forward and
ppealing 70 The county, by Ills ride
5 sense of ofiustice and lair play, 10 con-
de io'Nrw Orleans lis own chsit,r
I'd form Of government.
For these considerations, iorrsnoie
some measure the many useful re-
rms be had glanced al, he had CON
nted 10 make serious sacrifices, TO
andon his business, in orderio devote
mselfwilh such powers as he might
ssess, 10 the promotion Of these great
orms. The sacrifice he thus made
$ not all he was willing TO make for
Stale; he would willingly lose half
fortune in The ,ifort 10 recover l,r
dii, prosperity and honor He there
appealed ioh his fellow-ciiizpnsto
port for the Legislature those incn
9 would go for these reiorns,-uho
lld put their shoulder 10 tbe wheel
redeem The falling fortunes Of The
nreliring be thanked item for The
! ailrniion' and indulgence tIicy had
'nded to bis desulIory reua,ks. 1t
hun Confidence in lh,ir desire 10
Ire and support the views he had
before them which l,s L..f,..I