Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1857-12-10
presidenfsMessag

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49, - E 80 Ie ~
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sacsi e'so u''a. as III go
car'ence 81 : pIe.c.esu anm. en- &c
Iesu' s 'c o:anie ~lsns ~ a.
tfsouteo 70 : sa'iety " eoopera.ne Iaeses ~
hot =. 1P'H = Pisseps .1H - apP",
ens$sst our eA'stlns nis'or.uhes nav Proeeu
81 so'esy '1o.u : Z a"u - sss
.em.cl pape, coir 49, a'u eieutT' NJ
ing .ne pecp'e ~ spesse."ms I'M 49,
ing IN s'ocks- ihese resu'slo'ts mus. .a
10 rec'I =. suceesr'se nipei'ais eo jig 40 ~
- i a. Al
anu u,scoen's = : seNuIe
d1screuoh OF ieafteeh hanoreo nrespohsioie
bafsine tnsututsoas, WINCH rom .ne very nav
o. tasir nAtufr wa eonsuie ene .r.eress % uieil
me namers OF the SUBSTITUTION, "heh tuey
gave 10 congress the power 10 coin money anu
70 regulate the Raiue thereoi, anu pron!Uiteu
me otates rom coming money, en,,uhS Oils VI
credit or making anything out goid ana siiVer
COIN a tender IN payment OF debts, supposed
uley mad projected tne people against inc eVhs
oil an excessive ana interminaoie paper curreh-
-cy: Ihey are not respohsioie ior inc eHisung
af'oinaly tnat a government endowed WITH the
sovereign attribute OF coming money and regu-
satng the vaiue uhereoi should nave no power
10 prevent others from oriving TINS com out OF
the country ana niiing up the channeis OF cir
culation with paper which does not represent
cold and silver.
IL Is one OF the hlgnest ana most Responsible
mites oil government to insure TO the people Q
.ound circulating medium, the amount OF winch
ought TO be adapted with the utmost possible
wisdom and skill to the wants OF internal tradt
and foreign exchange Ii this be either greatly
above or greatly below the proper standard
the marketable value OF every mans property
Is Increased or diminished m the same proper
ION, and i~nJusuce TO individuals as well as IN
caicuiaoie esiis 10 ehe community are 'ne coh
sequences
Oniortunateiy unoer the construction Oh IN.
federal CONSTITUTION, whien mas now PreIaiee
too long 10 oe changed, ms important ana oei
cate dnty mas observed IRON tpe corning pow
er and virtually transferred 10 more ,han iour
teen hundred State banks, acung independent
ly OF each other, and regulating their paper Is
sues almost exclusively by a regard 10 the pres
ent interest OF their stockhoiaers- Exercising
The sovereign power OF provioins a papsr eur
rency, instead Oh com, ior tne country, rhe nrs
doty when these oahks owe &c tne PUBIC Is =
aeep IN their vaults asumclent amount OF goe
and silver to insure the conTertoliity OF thei'
notes into coin at all times ana under all circuin
gtances. No bank ought ever to be chartered
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