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Never
before has the public mind been so thoroughly awakened to a proper
sense of its importance; never has the subject in all its bearings
been submitted to so searching an inquiry. It would be distrusting the
intelligence and virtue of the people to doubt the speedy and efficient
adoption of such measures of reform as the public good demands. All
that can rightfully be done by the Federal Government to promote the
accomplishment of that important object will without doubt be performed.
In the meantime it is our duty to provide all the remedies against a
depreciated paper currency which the Constitution enables us to afford.
The Treasury Department on several former occasions has suggested the
propriety and importance of a uniform law concerning bankruptcies of
corporations and other bankers. Through the instrumentality of such a
law a salutary check may doubtless be imposed on the issues of paper
money and an effectual remedy given to the citizen in a way at once
equal in all parts of the Union and fully authorized by the
Constitution.


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