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Passed Mar. 14,
1838.
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Resolution relative to the Currency of the United
States.
WHEREAS, the various acts of the Government of
the United States, in relation to the currency, during
the last eight years, have produced to the people of the
United States, the most disastrous results, and where-
as, the intentions of the chief executive officer of the
government, as indicated in his two last messages to
Congress, are still to pursue measures which in the
opinion of this Legislature, will tend to the still great-
er embarrassment of the people of this country: —
Therefore be it,
1. Resolved by the General Assembly of Maryland,
That government is established for the promotion of
the common good.
2. Resolved, That a currency which shall be of
equal value in all parts of the country, is essential to
the, welfare and prosperity of the whole people of the
United States.
3. Resolved, That in the opinion of this Legislature,
a sound circulating medium, which shall be of equal
value in all parts of the country, can only be pro-
cured through the agency of a National Bank, estab-
lished by the Government, and made the depository of
the public Treasure.
4. Resolved, That in the opinion of this Legisla-
ture, the reduction of the value of the gold coin as com-
pared with Silver, by the act of Congress, opened a
field for speculation in the importation of foreign
gold for re-coinage, which being seconded by the un-
wise efforts of the. General Government, in causing the
various sums paid to it by foreign countries for indem-
nities due to its citizens, to be imported in gold, con-
trary to the laws of trade, and the true interests of those
citizens, were the means of unsettling the basis of
the circulation of England, and of bringing about a
curtailment of the facilities usually granted to the
American trade by the Bank of England, and thereby
produced the great depreciation of the value of the pro-
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