Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1861-01-10

on this subject, | felt it to be ms intv
IN the canvass which proceeded nv eIec.
ton, to avOw my opinions freely and
frankly, aud to declare my purpose 10 re
commend Tie adoption of the independent
treasury system to the consideration of
Etne Legislature. The recent suspension
OF specie payments Il result did mt tl,en
anticipate. and the difficulties that bava
tattended the arrangements for the pIyment
ny thcStateo "a asemi-AnnuaI interest. grow
ing out OF the hostility existing between
our two systems of banking, shows. in my
lJmLgment, tie necessity for ndontipr this
policy ut as c1rly day ns practicable
consistently with due regard to the IN
tercSts of the COmmunwealth, arising frnm
her ownership of stock in the banks. So
long ms the connection between the Stote
aud the banks exists, those banks, which
receive no portion of tue State revenue.
VIII complain of the preference which has
been given to the three banks of this CITY
faspTeJudicinl and injurious to them. and
Will always protest against any demand
that may be mnde HPon them by tho
State, beyond the redemption ot5so much
ofstllcir pGperas is received in payment of
revenue. As between the systems, we
ESnonlaf not eXhlhlt n preference for one
over the other. Let the State manage her
owe affairs in her own way, aud leave the
hSt'HHfS " 'n'tu" ~ .usIFSi SUBJECT only to
VI She Jaw. The divorce
u sNe tol"tS from tue banks will remove
systems demonstrate their relative advan
tagcs.
Against this policy many objections are
lur2ed-5ome OF the moro prominent of
which propose to notice briefly. Most of
these are tie. same objections which were
urged against the adoption of the indie.
a.o,.as,,.! po"ot MY system by the Federal
s,..s ,-a. tu",en.. M"GH tnls great measure
""S PtVposeu III congress ITS opponents
49, .u'y s"SiSlSu I tn'tt me effect OF such
,Iiai,a'S; anu serlons ap-
i;S,;I s'! IS'I "uI ~, expressed by the
!i s'.'1u " zits H'euus' me measure was
eteS9Su' "lu atler an experience
ye"Fs, sery 'ew would oe willing to re-
80, 80, ~ VIZ "'N sJstS'V' anu revive 1t as the
ssaIeH po.lVy ", my government. can
,,aI;,. ~. ~ 'Hc auTPtion OF a ike
'o,sH ~ ', .nE ai o'ate Would not operate
4""''S .s Mcl'' anu PtouuCe results equal
M; no s's.'sIiGtoEJ
ue "FSt onJectloh Is, That 1t would Oper-
Mte opPEesslNGlS "poG the people, in this
.l'S tn'y cou'u not procure specie enough
10 Pl.S tneiE m*es Inc same objection
m'tS "IEeu wren t9e systen was proposed
10 oe nuoptcu ny tue fe9eral government !
- ,,,os. ~ C,,,,,joj @ = ~. -. , s L't't -,
~ %ts .i.;, tn.unhuGu' asu I 90 tnlnk It would be
~. ~ tuts case, ~ lour-nttns OF the States
tne taHeS s, ~ VOW paid in notes. of the
s.nAs sa.a Lhcse .s no1es upon their face pro-
ISSs 20 "e t"e representatives. OF specie.
~ ."IS oe t'ue' theh there would be no
t.itvuitJ IN cohVSrt'nS tnem, and the spe-
cle thus ontAlned would be used in the
payment OIL Tue taxes If they are not
conVeruole' tle people, the most of whom
ure Interested IN oanking, upon sound
pFine' pfes q fact, and
msltueF tue tuey nor the state should receive
tuen. we wanta sound paper currency
a currency that IS convertible into specie
-and II our present currency is not con-
Vertl1'e nj tue Will OF the holder, it ought
20 me. ne MADE So