North Carolina Newspapers

    V.iel h.4 I If tt.l(t lo 0W. poWrM. 1 1 I aa Ml I'l'i I I t ll ba Ik Crir.lr.l, i f ,, I ,
ImiiisI fimj lo u rHMut)n. I m t l lb" a1,1 I ""I I'"''" '"" r"7 any lb e rMi-.l i-
r .. . . . i . . . . i. . . . i
riled lo f"t4 4 late, whineaU t. 4 hryimd I Jt"'f
felled lo
J mil, a i hI etcf b pMtriJ to di when It la
N'f tin I Iba adorleu i.(,'il.lie r JwS tal. I
aland rcatfj to pM' t til, witbirl 1m aubrr m;i"4
bv Itta I tilulsl and to frM Ihcui bfiivl, T"
Hill I!ld till tlHpbllt Iff I., ,111 l' II. C'wll
artltiltkitt. Ml protreleHlof lb Vrlo, there ia b'lf I !
fie ficeptt.n, ftillll', by ifr4ij Implication,
from etMfor pufieHi is lb Mietrurornl, not Im m!l'
it, Which autiiotiic. rarb Hoo to rUIl!i the robn
III pfeeilin;. I HUi-f I In priSvi.ioO 11,4 lil
Jlouac h lull an J uiirooiroiniitr aiixwiff Vf
li limits of !bir r't.nTiit wsl!, and over ilx i,L
ct lo their iuibofiiri in their official eh rack r. To
lint tilrnl, ifa- nnyjwe Hnd rt-eolu'iiirie.
WiUkxiI the ritnil ih i:i) i.ie-ruinei uui ucjuuu
that, witlnmt it, ihey are powerless.
There ia m Ui cse eol r jim hy hi appro-
I ljld rea be evaded. It IWdenl tt the bred
f the dininitrtive d'-prl-ronl of th Government,
a m icwMr reapm-ibl f H Cl mane-emcttL
1 order to hobl bun fcfcieibU', h ought U have du
power in tli selection f lit agent, and pmprt contrnt
u. i. ri. i. l - U.,U K fi tha
irvt powerful nn1 in!!ii.'iiiMl f !! liw oc'
(wefniii-iit, and Might I la b ii!mkiI lh
rwrurific(lh Kcc"He. If Uiwl"Ji'ote Ihhj1 I
U miUnAed, tiKj the pfirtci.! in q n l.(W br ff:'r.ltl
ucb m 1 e4iJpr lU thire cm h- rw AmU ht worf
Iw 11m fit 14 IIhi uftmir. Tli Kwuiic will lx
WkioiI U pfititt, by tlK'HitrmnUm of it -ioiiutmo-i
I rifbu th portion nf put rr clrly li'til '"
drpartnwnl ky UiAt imlfgnirnt, which ull ink il
impJMiiul fir it Ut fxrome a !, wi'li (he n )
oo in the twollrxi
, I ha intypteihiitpdmy runMiluli ni!oliKTti'n.
t I'y lo bi(Tirr ami to Lr.I. r, jmlifpf diro ti In tin
terr pmdc if Him MMilutfl. I il- nj )Mir right to
Btako a ;rncral dcpiwile of tlio p'jliltc r--m'o in a
bank. M.if lho half of tne rrnf ol li'V may bn
tracrd to ftllaciea tricinitin; in an nnproiwr n of
worJ; and aaion irnt lh IriM mindi'ic'viMi i Hm ap
flication f thm word !o bank tranptctHm, m a ariiMtf
wholly d.tf thiiI frmo it wimiJ nranitiji Oufinally
il nmnt linn; placed in liu-y, or plnlrd In be mMv
f ml nrrisily kept tilt ri tnrmsJ in ilia dpmninr, wilhont
bcia? aid by I Ik depmitary, whilo in ha powtMhim. j
All Uiw m chmM h'o ap-Mi.tl to adrpiiio in bank.
Instead of rrluraing tha idt niiral llnnjr, t!a baak ia
rnderkinul to b bnuml to rrturn otilr an null vilu :
mm tha rirhl to bMB t out on in'rh at, or to "ii-ix
of it aa it pU-arf, with tha aint comlitiMi, tin l an
equal amount b n-tiirncl, tini demandnt, winch r
paricuca haa taught ia riot a'wivi doo. TopNcr,
tarn, tha public looory in lpiii-, in bank,
rrstrirtmn, h to rive Ilia fre u o it, and
Ihrtn to maki aa tnucii aa tly ran imt of H, Mufrn
Iba lima uf dt'Miir and ditHiriornt.' Wavr r u( li
righi ! Tha money bnlonga to the pmi ritlcrf( il
I (in I , r J
r ii lulu 1 1-
H-f ff U'.
dllll !'. I "I ll rlUry, lilt to ! !firf w I, t,j,;
i.:fi I I Ih iir, all id, m ii'J C.int.i, ui, iiM l-o
tyfilKHlllI'd.
If tr t r .iiillr l, il wi.ulj l 'l by .;. in i l.t
ify uiii-r 'rvitr will iiidiiilinl bmi! Hi! fun
r. m ftt-irr cm.U h.j ) ilrd by Ih 1'iK .iiltiUm, -t ua,
f. iuiifr, mj'p-w Dial, acling o ilia awiBipiii of
Ilia iiUr, tit (;ii ftinw iil ImiI4 .Immi lo wl l
t,,cu i an art x)t t a ("-f"J n fxymnt id iu
dinr, .a Vl J HI " M nJ,0l"!r
watm- an! in wlnrh IM H.:niirl nrnflatienia are ao
.;rk'aln4iyiejal( l.S)lrf' f4Unfcaj
In orJ. r to i un-a mid.rTf, w b u m"4
lodi by Ilia t'onahtution, and whlrli fann'A ba don
onlw ifea milii.m is which it ia paid ia ha Ueii.
nwiit would bava to aiauina a grnrral MriU d wrr tlt
artt afabU to oiMtMHi I to rai'ulaia iha igbl of tit
hogdicad of jnckiga o auUub inaprctiona ntvlrl na
own odirara iu order to tlHormin In qoaliiy, ind
whs(r rUa rtniht ba nat aaaary lo inaka tla pay
menu into tlw Trrawirr omfoim. Ho likawMa. if Iba
till rt-atf ataidf, cimi, te arb-clrd, Tbe Wfiifht of
tha Ua, Iba quality of lha cotton, and iu InarwctMin,
. I l .11 . " ! ll i -, -1
wmiu an nrr'ariiy lan unovr na comrui oi ioa uo
tarnmani t and uWa not tha NnuW ar that lha f ar.
ciaa of a power thai irxiat b-ad to aich eooarfluaneaa
CKin'irrwr mi far bryond lha ajihora tignad to tbia
(iovrmmrnl by tha ('oiiiliinm, mint ba unconatitu-
a. a a, i . a a .
iniiai i doea lha ojrloo aiWnd only lo Uiaa
and other atapta articlra. It apidiea with equal if M
t'rcaier firca, to racaivin Iba witaa of Kuta banka,a
pr- p-awd bf tna aubatitute, in tha duaa ol tha lern
im nl and lha oiartareniant of ila liacat cowern. It
uiiiat iovolvo tha Uomnmeat la lha necraaity of cotw
Irolliaj and rai(uttina Hi a la bank aa thia aubatituta
abtimlanily proas,aa well aa tha wlnda hutory of our
ix)iin'Ctk.n 1th ' them ! nd ft" haa bran ahowo lUl
bink are, at lat, aa far rainord from tha ennlrj uf
thi Government aa the tuliutwa of lha ami, of any
other eaaa of eitixi-na. To thia 1 mipht add anolher
oJij-cliun, Dot Iraa ai rung, that O ttia (ioTernmrot to
receita and traat bank nolaa ta rmaier in U duaa.
would ba in direct conflict, in ila rflect, with lha in
pw unl power, cf;rre4 1 iprrwly on Couarmof cotiv
in if monry and reg ilatlng lha aloe thereof: but aa Una
wtHcofue in with ny propriety In anawer to an ar
gumrnl advanced by tb fV-nab from Maaaachnarlla,
(M r. SVrlier; 1 afiall pow aiata bia arjurucnt, and to
p!y to,t,k. ' . .
Ila aaei ted again and acnn, both now and at tna rx
and inalcad iif. aoUiwn . an. A t jmlfMo! la Wl a'iicmJ tl J jt. Mjj.e Aj jdlJ.htlloifCianif nl no
otily to rr;-ii ito, but to furnu-ti, a auund cuirenry.. la-
iWt.fi, it m the ptiiH ipl ariunaut relied oo by Iba nan
lor in ojiti'ai to 'he lull, wlnrh ba aa) a ha n loo
tli:n rn-ii duir. ,'o. if be eurrt nee bo meant rold
. I i i . . . .i . ;n I . !... j. ft t
willioot aim auver coiii, mere m ue uui iiuia uiurrvncu w
In al!ow lnn him ai.d aiVM-if. lo that extent tha GoYrn-
n.i iit h.m a cl-aranl unqueatiomlde rilit by exprnw
I. uui ; but if he cxn lrther, and intemui to aart
llsitl iho (iuvrrtiini ut I'll the nclit ti mako bank notca
from them lorciHc lie purpo- in wbicl ihry hae a I a currency, wIik.Ii it ik Ikiuii-I to reeulatc, Uien Ina pro
jrrnctal intcret-t and hr that only ; and whut tvib' ! jawiiion i n.mt ! m l iil'd, thou-jh ibflcrr-ptly exprra-
nut ran we liave to git a atich itae of it to ctIhii
lected corporal tun' I ank fur lha proviionol the (on
fitulioo that authoiizea I aak, if wa could pnnt
Ilia uae, lor airmlar pnrpi, lo rivala aaaociatini or
1ndridu.ilt! Or il not U tlifin, to imlividul nfllcara
of ilia Government; br iiiKtanc-, to tba lour principal
receivera utijir thia hill, ahonld it pa! And if thia
cannot ba dono, that Utediatiitctioo be punlod out.
If tlieaa oiKationi ba aaliidiietnnly anrrol, I ahall
propmirvl other till more diflionlu I lia!l liivn ak,
it tii autauittite h.'khiM bceiMna a law, and tho twenty
fira, banka ba aelcetrJ, whrtlier they would not in fact
k "iba Trraur- And if not, I tvnald aak, where
would ba the Trearory ! Cut if tint Trinry, I wotj'
ak, if public money in bank would not be in lha 'IV
t l ,t ... ... i. j r : . - i
hjiii Aiaj aj mi. iifiw trail ik iir nn, I irmn n I r
lent for tha purnftet of tradecciilaiMin, or any otftrl ",or or ,h "'j'' i
mat an ey "irovwlon of Iho Con- j aruimon in vei
i . ..i.i . r . . . . ... :. ti :. .
en, w iin uiui oi i:,i: H ii iuir ir'iui irK'ii.i,,nr. ivnrw,y
and all tlie aru ncuin I hare ured aiiimt it are
equally aphi-otilo u li.-u I hld, on my prt, tint the
putter ol te t.nitriiiiH nt on tin aiilijccl ia limited to
uiininj mi i.ey aini ri'L'iilniin; ii value, and puniuhing
tbe cou:iti'i!'i itin of t.V i iirrciit coina; that us of the
Coin niailc rnrroiil by la, the tnly numcy known to
the titiitiiutioii. It h tune io make a distinction bo
twveu nicuiey, or currt-nr)', if you pleaw between
thai which will leira lly pay il'-btn, and uitre circulation,
vrliirh ha its value from il roniiM to be aid iu the
fiirincr ;-ainl uid r wditli cl iMifiralimi, lnk note, a
h bi I tit or protiiM-ory noii-a if imlit klimlx, fall.
Tti- jrVV'l in their nitiire private and local, ami ean
..,, inM-Miti-d to tiie lei of currency, or taoiiev, in
4 jpiauctiona uf (iovorninent, wiihout ctHinn
..iiii.I, (in,' n i j i ,t in i;.a iummii, but ni.'i tl.a
tin H fhn. rut p ,1 I- l' f (.1 t arirt, and gno Ih" !i
pmli, it w 11 ii " , a titl t'l li (. n ths ' p lo Ili4 l I
Imn, inj ail s f lt lil. JS'ww, nhal U llo ado
JjiuU hiiliiri fTii'Mt I What thia liwrrful alioiulua,
wh fh il ia j.r,. ,.-, j ilm li,jrftiii)''iit alwMild apji'y, in
of.Ur l rt,d,U Vit t t n k In arr (HnpUli h:a brrcoUaO
lkf 'I hu f t il. al.ll ainwn
i pr. .wi t j t, j., ( j, n,.( ,), r r Mil
rui uUj, knj !i iii!r,l I i jr uij, n
rbie a rf-n";i'"ii. Tl ti rj.i
W(lM I Iu llircmitll WiUl Itimiir
nn,i, a tiij ruru.i giiUiiai.y n y n
r I ..1 Li ,
, I II I J
l!f f,r '
aii' i. i'i! U.
Mi
1,
of reiiii,.,t.(n; tlHf ti
Itwliiifitient
' .1 til.- f , ,i
I If hi I. i . -.at ft - -aa :'...'
fif tin r Wi.ulj (ft 1,9 buxtirBa, and in.'d Imiraaai lUi-l m.J m .-t a U : . i.jr;-. -a. a tJ 4
debit In the bank Ira thai II timid iin raj t!. ab!- li! in- l il l- aw-.w.y ar. - r . U i.
ly id Iho CHinriiiniiy to pay them. 1 a. ti t '. tir 1. ..jr ". 1. 1 t taat ai aa
i t t Mb' Ila
t T imn.
i . .. I .1 . .-. t... lt .
, lltving now aitowfl intw una irajtie, i- mtnawtaiaiia Monrra aw t .. , a
of bank, la'lo Im friiH-d and revivrd, tih tha dX.'iiU : pkta imm. v f t
rm Vim k a lla4
lo reatlme. II : Ilea in lha w . il ri imini li ri lrra.HMi w Lit W.;l M . ia l0 a's r t. i i .a c r.- : -.
Il I I '"'y 6a lha nuafl rcKt-labla (lha Cua chirai r and nature, of tha cooiUaaiawi w ka-a uf d Wai iLrw-aa, a4 tUl m't r rwb.ka
i T. i vl i """""- l"ks lo ba iho drp.ji. frfmtd. It will cit of Mate lanka rtaimnj thrir i?a paj 7W I wr itUip -v :i KU lv
" , ';"". and lha f.ae.l agrnt of lha origin! powrra, that of diarouj.t.r. and aU, wiUaa.1 .w lU en aif ta r-, tnz a
- . V'7".! ''' " "U I"0- tx-"r w I'x a'l.hieat drjrea in.j-irej. Ta UVv U co.tt nu.,.. rr-.t,Hi t;
puara,ioq w ir.a ttiwulua,-lha Aaaaoca af.,U auUt.tula po).-a to a4d Imoorlarit ataa: to tUrb s ta ti-artrr U. U t -.
wo.dc.-lo amke; iba iMra of aoch bauka aa may fe. ca Ihe.r iol. a aa gold and a.lvrf in 11 pW aJora; fclia t. ,. ra, aa U - W a . -1 la to
""" ' rfcf .7U ,wIaly reeai.ablo in and lo give ll.em lha iiae of tha PuUrf drpoea, a ad jalJawea wb U-v as mi a
ba pubic cor. .Here la a a.ii .thinf to wg,n)I4! tlM hr4 t!ia wl-da lola oar, aUa id U.it .3 taw. aad - ,
ro.V' f' i t .e ''' 10 lof U.atlo;en.rraW,t.lobap:e4fladettUaaa It a k lU aiL ,M mjc.
a tell the l l a. Uwlt , if ymi reao.M. we. on our dial. w,prrU.- r-l e,?ri4 . tl- rWreUrf IV aara U-a ary ba trac! iW 3 i on
part, afiiUia vaka Ueiity-flve of you our Mara I
ageiita aid depkt:jraof the revenue t and wefunher
atipulate, that Hja wbo retome by tha lima flied,
ahall have tiHTtfii"ive wivd.'ga fuftur of bavin
their ftotea yetenablt in tle dura of lha Government,
in comnvai with poM and adver. If Iba banka perform
their part, we aball ba bound in buoor and ful Uith
lo pftnruioirra.i It wotitj ba a coniplvla cutitrart, aa
obligatory a if algned, aealod, and delivered. Huch la
the imlutrmanL
Tbe neit qv ftioo ia, will it ba adequate 1 Yea, abun.
danily tMuaia, (Tbe batlerf 1 unmg rnoogh tD
awaken the dawl ta lifo j lha coniklcralkm aullkient to
rewunefaia the bar.ke 1 wbalear aecrifice they may
he fomijelli'd Vi "ifciTie, In order to rreume payment
It ia di!lkull toeaintala tbeyalua of theae high privih
eg", or prefofativw, aa I might j'Mily call thani.
The? are worth fti liona. If you were to enter into
auuiiar coolract fill at Individual, I doubt not that ha
eooM aril oat nven market for at lee1 tbtrly, f fty,
or filly millmai of 'iollara, I do titan tha mover the
juatice to any jhaf bia meana are ample to eGVel what
be pn-p-aa. ia fllcoli ta ia tbe work of reaumption
and dificu!(lt ill be to turn out to be whan tried
ih induce.,.. will prove all atilTiciant. H it the
rwonipi ion, hpwey-r di-airablo, may be purclmKHl too
drajly;an4ru&outil pruvp In bo tla ca. ahoold
the pniji-ct aucrctL Uui only k" tho ofTer too feat,
but Iho mode of e ctna' it ia highly objectMNMbla.
li opcnttfin wou ; prove not laliaairoiif than the
tirgaui haa been town to ba ttnconatitutional, w hich
I rhall now pnrrf J to eatabliah.
The olT, r wrll lire a double effect It will art aa a
fu.riU .tiiiiuJui, to. MUfupUw. iwt Will act. ittJ.clu ,b aalaclod, im iiH.?iod powxr aaal lbc
IIhi ami Coti.'ftJ ,1 llaa Miv-rrlar tt I'jf aara tlaU M
Treaaury. uw wUi ahiea all ll.ta araywnt to f , K.aU UK UUCm m. aaat tta
I name Hi word-b-j, not afarUeal rfi 1.MC a aa ; tf rtn.ij. Ikr tW
crnmani iMlia-.lba trvait CXVnalvtt. auM& I aaJ aUavfaaaaraaUal
fTrta, Ibat ever Mled. 11.1a aUa.larta .U aa
the act of inrwpotatiori am Uia f ivix dJw,
ao irionh.addilmoal baukma; capita I, MKr.f a
moruwly Ha powers and fivwi rt aa uatuwiled tmtJ
the buaitM and aa change a iba rowolry, . -
The Fenaiof from Virglana f Mr, Ritea) w r.g4,i ka
iip(naiing iliat ihia new trial 4 the er"Tuwnt twaald
bo maila under, very difWem circwmatancea Ironi t
firat, and would Lava k dioVreot trrsiioaiaM. llaat,
trat, like Una, waa a bank Government IMik,Ua.
tiiiguiahed Inxn the late baak, ta which it e art a
aa rival, and waa at tha tuna couaUnily aadea'f a!)
in debate. Ibit the circumaUncee wow are VoaWdl tS-
ferrnf very dilfcrent. and ao would ba Ike reaS a
the epor HwnL 1 lua bank wnubJ wot be tWeaeaaa
ritkelj concern t!ie bTmer. Tliat rthd awrav,
a nd Hi ia would In Ja im.' I w ill e x pla m.
The former fa ih-d not ao moc h ia eaxawoawoe the
adaraa circumtlancre of toe tiinca, cr any ea -, J
defect in the ay atem, a front the want 4 a bed a
common aenaiaiiinv to think, to will, and deraie, fca
the whole, which waa iailofwoMbty weceaatry lorwiaae
crmcert and rive unity vjf daaipw and eircvU. A
head will nk b wanting now." Mr. Daldle'aWal w3
aupply the debit Ilia would he not reily ooead Iba
reaumiog banks aa I have whew, bait Woald ha he
one of the twenty -five to be elected. If there ahoU
be U temerity In on it it, tbe prewnt rjenjert taaU
aliara the (at of ita predeceapor. Ut. BaidWa hawk,
at the head of Una excluded, would la aa oiertamwh
awrt
too time wf'j ftjial lorce to axciio auorgla ironag
Im lnkr, Rot OOl; to reauma theinrelvfa, but to pre.
i-ot othcra Ctw rvuminjr. Tlit reaann ia clar, J'he
advaoLaje lo ruh fill increaa. aa tho number of lha
rcnuniinjf bar.Ll d creaaet and of coorve, the great
point of eonte! a2 the Wong w.Il bo to rertrict the
proffered prize io tie amallcat numlwr. Tlie cloaer ilia
whole league would inevitably be orertbrriwo
aelectcd, the jmailMin of bia bank ra the leagw
ba certain. It va4 raniUL ita ertrDtrt nair
ila auperior authority, and ha akill, WattldaM and C
enee, would
Uia whole.
,-aa row ; Wrarw m
rfaiad. ..an.
hrwra Oar tmtUmmf aa-rm; ary baa (La faxaZ
UwaUalMerafip;awrUiial
CaaTafaf aaa-jilai a; braw L t'wla m4 ta-4a
aaaarvwtjaaat ; loTt, brae Ua? paaCraCaj at liar
cwmaa y tjai i' awa aUt g r-ae ta aar amt
ataal aV;aVnUaB. kVaaae IW f rnaearrfaax tateC
aa-WXaKj, anf a3 tlai tfM at a a2 gm tLi
kaw, msk m&m&lmi rfitafi i waat eaarr-Aaa. t'Csaar
ba raaKta, W kS. aaaf w3 J U atwarwt.
and wa at3 lam aaaaa yaiptct mtmmmwt Cae Caww
tAaAaaa aaaf CMaar a Larw tmU mmrTj ao4
pararr. TVitl tW rHUaJtwiW Wava.aan. a af
baa w aariy aval li4 tW 'imam CnTkaiai aaai
er taaana." ' r tf raarraa a a aw Iwna rm
i . . r s .
TV tr a fTT rW Aasar by r j
It aUaalrar ar aa.Wat 4 -aaVarw; mT
naa, aa ua una ae aaruaaaa a, (
aaaWleal CwaMvd. Jaat m W l
aabi. alaniaat aa tW aaaaa)
.,.a--a a
E4 bar i
wafftiat uai iUm w.,4 ha maf ai ftJi dnt w
iwrraaa ar ataw aa aaa IM loraat. aaa! tla at
t4 IM aaawa 1 1 i at. wkaW Kb a ear
twowai haaeamaaaat
pilraaoe af Uar taCrr VAmat ba a
ev lwrr tkat l-mrt. la a-Cawaeavf Bat aaaaaawt aaV
raaua im aaaa,tafW fatrtarwkca Mat la kaaWS
Waawl bar
ile whatever, a in, in at
at it u ( ion f Yee, a exprci
frda can nwLe il. , I
ek the .Secretary to read r articUf, 1Mb aection,
jxl the claaae, next to the la.: w-
iNo money ahall, ba drawn from the Trearory, hut
n eoweqnrrteej or apnropnaiKHH m(ie tnr tawi ana a
aaeular alaleanenl aial aeenont nf the reeeinlafid' M.
pendilurra of all public money wiall be puhJia bed, from
kiuve to time " - " ;. ' " . .
I low clear ! I low explicit 1 No money lo be drawn
from tbe Treaaurr, bnl in conunce of apuropria.
lion made by law ; that ia, the iJjt on which Hie ex
penditure ia lo bo made, lo be dauirated by law, and
aha-aonvailnUoal 4afi)0t itapaoi&cdf and. yt waJtace
lived in the daily and babitml violation of tbU great
fundamental provirion, from alnKt the beginning of
our olilical exwilence to tbia day. Behold the cone
iiencea ! It haa pmutrated and en jnlfcit the Very in
tttatton which ri-tve enjoyed -tttw illrrif farorr and
laiuted, above all other cauoca, tho morale ajyl politica
of tha whole country. Yee, lo thia must be traced, at
one of the main cj-.usc, the whole yteia of excessive
revenue, e.xcresive expenditure, nod exctre aor-
pTavies ; ittj loluejiaVcs'peiiiill
overthww of the bonk ml tho currency, ami the urn
axs Hipltt.! df gbcraeTnphtiTlcritwl "Tnirrcrnwrals,
which have followed. We hive auflered tlipal 1 ctton:
may tlie blewin. which follows chaw iscmcnt, when ita
juatice ia confessed, come in due aeaino. -'
But I take a atlll higher ground. I atrike at tha root
of the mischief. I deny Hie ri'il of thia fl.iverninent
to treat bank notca as money in il fiscal tnneacttona.
i)n thia great question, I never hive before committed
myself, tliou;li not rcnorally dipiwd to abstain frcmi
forming or exprecKinp opinions. In all inetaneee in
which a National Rink linn come in question, I bava
invariably taken my ground, 4hat .if the Government
haa the right lo receive mid treat batik note as money,
it had the right, nnd waa bound, under the Gondii u
tion, to rejrtiiate them, en aa to make thtm uniform and
at a Lie aa a currency. The reaaone for this opinion are
obviotaj, and have been ao often and fully exprctaed on
former occaeion, that it would ba uaeloea to repeat
them now: hut 1 never exnmincd fully the right of ro.
aeiving, or mde up my mind on it, till rince iheca
taalroplie i i May l.ip which, as I have said, entirely
rpnrntel Ih ttovernmvnt f'ro-n t!w bnnke.-'reviotte
to that period, it was an abstract question, with tin prac
tical hearm?; ae muclvm as ie now tho constitutional
right of admitting lMiisinun into the Union. Tiling
are now alfrcd. Tim connection is dissolved, nnd U
naa oouom prCTfcirnje?ittofl oi-tflfrmmirmTnoe".
The mover of the antttituio assumed ae n po'tnlnti-,
that this Government hud a ripht to receive in it duw
whatever it might think proper. I deny the ksiIi!i
in wo. ilia one tn.it oiic'it not to tin nnnnvl. mu
ng the very powi-rin Cotitrfu, which
I etiall now urucua-d lo ahow.
Il will hardly ba qoeatioor-d, Miat the object waa to
fix a standard in order tofurniih to the Union a currt'ii
cy of uniform and eteady ralue.aml wa thertifire.uiii
teal in the ama aenlance w ila tho rvhUive power to fu
tha ataadard of weiglit ami tnenenrca the objecta be
ing similar. Now, it bur ccrience haa proved any
thing, it ha amply aliown that ao long aa the Govern
ment ia come cut! with the banks, and their rtea riv
oeived in lU transactione aa moner, eo long il is impue-
ible to give any ihinjr like etkhility to the $tanlard of
value; aud that the power or coin inj and regulating
Uiftoeaa, becoajww, in a f raaoawKMaV,Hofe.iiunit.
Every dollar nwoed iu bank notca, when H I made the
subaltfutc for money, drivca out of circulaiin more or
less of the preeioua inetnln ; and when the isnie be
comca exorbilanfrgoW and ailver almoM entirely din
pearsvaa our experience at ihir ttme-pmvee, 'h ef
fecta aie analoguua io alloying or clipping the coin, ae
I'jr'M atable H ataodapl & concerned; and it would
be not leas rational ta eappiwo, thai audi a power on I he
I part of individuals, would be corwiatcnt w ith a nnitorm
iU. cluillij(..currj;utnuii2r. pul I
and Ireatinir bank nolea aa a aubaUtutc br'iubney by
ttro-tjuvemiimiifttuntd twr-Tn. only theck orTm'y
ia to restrict them to their proper aphere to circulate
in common with bill of exchange or other private and
meal peper, for tlie convenience of busine and trade.
tio tit from audi a conrae operating injtiruuly on the
peool. or frim being habit) lo ihe charge of forming
one currency for the peoph and another tor the Go
vernment, aa lias Veen ho otien ana vviui kucii eueci .
peatcd it is the very reverne. ( Jovernineiit, by refu
eiu' to receive bank notes, a it is bound to do, would,
in tact, furawli a choice to the people, to take either
money or notes at their pleawire. The demand of the
Government will alwaya keep a plentiful mnply of the
former in tbe country, ri as to afford the jieople a choice,
while thdrdppito would cxp l the money, nnd leave
no option to tlicin but to take bank notes or worec, as
nt present. " i.
T liave now shown how it is proposed to. form the
league of banka, nnd have presented the constitutional
impediment" tlmt Htmid in the wny. J tiese are nunie
roua and etrong ; eo much so, that they ought to be ir
resistilde witlj alkj except Ihe lHtituilinoua in construe
aav tW raJraiaLaai ; taw aaaaaw of aenawa vatw
taat at Tbe'vgW V?' aTT Carir piSaatiw at tt a matTf.
wa&'U ! rrU 94 awearaaBd aaa fin. kt
a3 iVeae aa a far arr aV,-w? tUai (I U2,
place tt it the head, tlunk and art aaaav-at. I xl w O D ftaav-
Tl. ..llu.r. ,diLI ka aa AraniUd aa kak. i .
' paJ m vi'vr, fft ar sew cirri aaai
ber arwe act aa
aWnamk. Tkewr
a444jmaj ofLrrr ta lr aaaf
ii.hi.UbJ J.:..!.. l.kr . " lar aaKalalaar, aa ataCKaaa W VaaV
tKa final Imtn ll l.n...r..i It. aW-w. rt- f aW a. ti arlFCtWaa af
a ivA ar aaa f ! aaM aaavul - aa..aaaaaif laa aa naailH WSbbbI " WTlm WWm
vii nvi va a.ai v a aasau v. rwva ail aa a w; t aa aw uam , , - - .
i-nnmrt an ra.l..l aaa l rwviU 1 ! WaajaJ ka). "V aTTW-. aC tW fcaaa. K
uaioo with flio.Go'.ernmenteoold sot f n. I? J !-iJf ea-rK-wkw-a aW
a Ihe lirmrhra of the late tank we al the tmbef
monopoly the rreact til pmbts. la thia struggle, a ! ...uitotuai Tl.n a.h.,la iU da m entire aa.
combination of a fir powerfiil and wealthy banks, the : rhml.t m hj a amgle impulee, and makg a jar
iml ri-!.meUblejMteolid, as defignatcd in tlie aubaH. , cnitraat with it prcdeccwoor 10 the uurty aud cw- j mt
mic, win OTcmirow anq frampie oown inu ruetaue. CrT or Ilk onerilMKia.
Their fell will rpnej deaolaticn over tha land. What- km mcmu ,i, fata ba lenS dua m
ever may be tlie Tab ot others in this detperate con- micrihed on
trt, Im-ir isono li flation to which no doubt can be
entertained: I rtforothe United States Rank of I'enn-
fyhania, a lai t ia and a inloonur ; and which,
for the sake of bnl y, but with no personal dierrapect
to ll.e dmtuiguiihf d ndividual at its bead, I ahall call
M. 11..UT... k.a. iri... -. i . ii i . f .1..
iiir. muuiv inna ' iiui, ai Irani, iu "v mrw uw
mmM e-aawtawto tUmLt
rfaaVtaatlW
avert it destiny. Ikt aery diflerent would be theewaa
of the prent. A ila intimate mm wth tbe Go
vernment, Cir w hich lite substitute prawnee, to A ttba
. . , - . " - - - : , iiim-iia, iiir piiilu uiv auuNiiHivpamn, uinavw,
w inner one of th-wcnty-fivc to whom the pr;e will j tnurcea of pow er, and it would becoma irTrwu-tible.
oo asHtgnea. 114 va resources, Its weaiui anu inno
cnlial connvettuna, bofl at home and abrond, the akill
and abflity of Ih iCif t at its bead, and, what ia let
aa ike kwaaW. aaat, mt t
Tha two, (iovemment and bank, would swita a4
stitute a amjle power; but which would gtm tine a- j
ci ndancy whether tlia Government weald beooane the
AalKUtaB4tWaSltearr?
leraed konaia mrr tV taaaaaaaarr, awry ac;at.ai aaaal
aaaat KU-aW.f tW tka psa-ya
rreairr e rke saie f ua hrver.
Xlr-rr Ca w-
lemorable, the treat faource il liohls in tho notes of J the bank the Government, ia beither rerta-a Tr!! . IT'T!!
ataaraaaw
tbe lata United rJutri lUnk. of which more than m1 n,.r..,:.i c tt .ut u a a.Li Oa i
imlhona have been mil into circulation, in violation, lo . a...ji r:r i. wminJ i aavsaxto ar
ey Ihe leift. of a tiao. eonatilutin mora than five-1 . k.htIi.i. a i:r,.k ..,avi 'ait.aw!r nmj.Ir . waoaaw af cwjcm at
It i not a little surjirwing that tbe3eiaiw twwa j . m
!ii. .. . ir i a. a iana laaaavaaaB aaaara
a it i mi in. i ii i. luiakj iiim aaaww r T i .
At-r U ainiw.J lb- Mnhrninf a (..mfil i rB WM SaT ImJ m OraT
aMSawai-J
c,v.i wf gastswjta-
eaaafaardl t Savl aaf Caj IvOO
aaawra.mlavl, wall
raaiaaaw'i. rrftnyr-
aaai atdiO.
7 -
vixtha d' all its rircHilaiion. and which it in not bound
to rmy whti IWerWirealff atnonnt on hand, makins;
in tha whole Vt,'rT vnivia nuliHma.and wlMth
mav U useAii i-aaJM'iiey. ifnot aruvented would i i,.Dk in the hill, alum Id oaikaA ilia rea-ukr awraw-maa " "3 a fce irk
lilace 11 bei'Ond Ll dctlbt amonir llie VlCttir. im .J"nn k bia na a aolaeiinta Out nf tbe aaeraW wawid ta ike? rase wsk Ismp aaSravs I
He raruwiuVkif ivroper weurlite. and will lead the materiale of Trraaurr wrranla and drafta ta ev saLi IwaaU. Tawy.akS
way from the nut--. Who the others may ba ia uucer- .he raiilor4ar-lraiiaVr foaaia (rum plaae - pi area aa l?1
taiH i thia wtill inland main Ir uoon his rood will and t the public service mifhl reuuire. and Cur Brincinal re- .wcye ' tVsa Va at
nlcaeure. It ni b out down aa certain, wlnver ceiverv to kceo the nublic moner. he Iu awiared wi''-""',i' J " aawWaalskaBssaT
K. r.. iK., auilt Iwt wittaifii' aitil indiipn. : ul.iiI. t a..t tf n ruifl inii.in.iu. a ImI mm tfimaira lAajercWa at avaTarfa i I
tnl, and nol urifaiorable to bis interest or sggraudire-lmeal batik; whidi he told ue, wiUi tlie utera. oosda-1 il
nient. But tkehtixhievous effect will not be limited dence, would ru-e like a cloud, at 6rrt aa big aa a Lsb!, j Itcatlr r-es.. aarwr k cxaaataare asOrra. a i;
lu t.'ir death-like atruifplo. in which so munv unlet fall I hut which would soon darken all the hnriziaT. Nirtn at Wtrol tial aaar ka-eint-aaral kaj (Wl
and be cruaed thai might otherwise weather the ! i not a little unturtnnate for bia con Went prJirinrt, ilhe tv aa eaairr ta o.wavaVv ;W raaa
enrm ' The? toireii- tarmtionf 4or anew 'it will- he- in t-tlt these swrrmal orioeiolo from wtwch iWaaoavta xata; iini laaaijiiBiaa wa3 aa? sacaat Sa
clU-ct. would be followed by wide-spread desolation. I snrin?, I ave all exited from the conimeocetoeetcl our o tfae ar-a?
Il ia easy loS'nk to aiiprnsionf but hard to return to j Government in full force, except the four receiirr, j ajoer ita? arj m lacioa TU"ear a4aaj
remmntion. Liuler the most favorable circumelancea, ! without ahotvinc the least tendency to produce lif re-'aesiwi.j ai isa wtt vawoa.twat Bkoa faasataaQM Da
and w' hen condition1 moet leinurely and cautiouely. the suit he anticipates. Not onlr ours, hot evert cicihred i wkwae awaaua U CMtai uajrtt vaa i
preniitire nnt?t ta nere r biiTlf cwrcrd" or "prpermia.-f Government has The power to drawTreiyuiy warrant.
ted ty uinkruf law or temptations sucn ae huh, it ( nnd tranrler draiu ; nor has toe power ins sineie tn-j
will be riiinoiis, To make it safe and eaiy muet be ihe ; stance terminated in a bank. Nor can tbe fact, ilnl
work of lime. I Joventmcnt can do tail little. The i the money is to lie kept by receivers, contribute aa ihe i
at ixytmlMm
dieeane origmatf-i in rxcetwyo indebtednesa, and the ! least to nrodMce one. The public fond in their taaaaJ I far ihey
only reu edy wkianicht or reuuctloti 6T debts. " It 'uj wlirbe as i.hijToridJjif.ctioliif (lie ELxtxiitH aui' J Wa TtT; as
ettimatcd (hit alien Uio banka riiepended payments.
ttTP" rorrfmttniTy fc-ar itdebtrd- to -them - the enormous Icn-worr, I wodd ask, how can there fcr t aamk wnUaH kiLixt IbcaT-imVa. wa
sum of ,47.rMHi.O(Mk To reduce this within ihe pro
pr limit, is nol the fork of a few days, and can be
hut little aided ay on. The industry, and the vast re
source!!, o: tlie olMinirj will) tune, are lue only reme
dies to ! relief on a.r the rcluction ; and lo these,
with the State IjeirisliJ ires and the public opinion, the
exerram. TWr awJalWaaa
fua. ar aarrrtI ewaam. TW atSraaw aaai
anoU be s.2. Ta tM rxaeaaV. tlaaap ia saa aa4
IhrtB wom be aV aaaaa' at eat liar t
it w si" in the vaults of the banks. But, to shorten ths-, pwJ c eVaVe ia laa
aT tw nmtfL ITit atiwrk fit aiaal
ri atiTtijc rviuaira
VVaWaaakmeva-
La -lie. Casvasavont !
the iHiwcr lo diseotint or to use lite dennwtes! and t ' vvh't eo tiaT eiaairrta ark Oar
of which nf the provision nf the bill could tbe Treau-'O. ' Iheir brad ae. Wawcw wmM rwr aa rnmt i
ry, by any xjsilility, obtain either, umJer the srvtre ; over lie cixiia aaai eat-asa-?- ti aW m aan i j f Il.r
penaltirs ol the h.ll, which prohibits the loochirp attiKaw tewS iteae W awaW st. aa baai aw-
the public money, except on warranta or drafts, drawn by J ar-TS'Srast atsat tie awSn aa-i $.J"rO
those havipgautihintv, indue form, and for lie-public w r-, p?r i oawitieaa awlaaa kanat e-aArr ? jr.
resutniiion rnni lie k:t To understand the subject j v ice. But ihr danger w Inch an eXCiuJ onauaatxaaauti rtrm crtM sisteLSafic as tbe jiaraat-i aXBat fawmaw
fill I v. we must laok a I :tlo more into Iho real cause ol cine tea hereulter Innu the bi I .would cxit4 ia sober reaJ- 4 iei.
the ditlicnltr.
This enormous debthas incurred in prosperous times.
surplus
The al umlaut uieamt if the ba.ik from Ihe
reveni.e, and a comla ution of other causes, induced
tion ; but I cannot expect tliey will produce their lull
elk-cL I know too well the force of long eiilertained
imprefBion", however erroneous, to he sanguine how
strongly the innul rebels against the expulsion of the
tifd" a'ttite tfitr fldjniirfof rfcW npiniaUff':' Tcf; f trtlof
ca.se, where vc clearly t.e iiow ,irnlually and silently
error crept in under Ihe disguise of words applied to
new ami totally different ideas, without excitinr notice
or s !.i rni ; nnd when we have experieiicnd' sueh deep
cannot be-pTOTed, nnd. which ir.of.h'jVAverlHTolwVa oiiiscqTi plam tn
jections. Tlit peniin of our (VmstitutHin w op;w!.-d to 1 ,pir n,u' meaning of (he Gonstitutinn,! cannot hut
ihe assumption of p jwer. Whatever power it'giiea is j hope that oil wlio believe thai the mcccss of the Go
expreksly granted; and if proof were wantnd, the no-1 vernment depenlH on a rigid adherence lo'the Comdi.
Diero-15 irrantsof powers fir more obvious -and nnna- i tutiou. wi'l lay n.-ide all previous imprnselods, taken up
rently much more e!e to be nntned, than the one in j wiU.out roll. c.t:o!i, and give to llie objections their due
ejuestion, would afford it. I s!ial' eitj u lew striking in.-! i if 'it.
atances. . . j I .ome now lo the next point, b show how Ibis league
If any powers might I assume ), one would suppose ! ih lw rovived w ptmnilnted into Jife. Till this can
that of applying money to inv'thc dbts of the Gnv'ern-' he tloue, the siibi-titute, shot M it hecoine a- law, would
ment. and borrowing it lo carry o.i its oieratione,
would bp among th'-iii; ye! both nrc i-xprily provided
for by t!iConst:!rio:i. Aim: tol'oni.'res( ispranted
the nawer to declare war an I 'iiye armies n'd pa vie?;
Jet the power hi grant leno.-s of 'rarqtre .nmr.reprjiwl,
and toike rubn for tin; rr-.-nlaimtHifjiie. . nrmy nnd
navy, arc not led to aKitniiutiou, obvious a I In v are,'
but are (fiven by express grittit. With tln s, nnd other
instances not Ices.ftrikiinr.'wii-cii1 might i addud, il is
a bohl step to assiiine, without premf, t!ie for less ohvi
ous power of the Government receiving whatever i(
pleases in ila dues as money. Huch nn assumption1
W'ould be in direct cTmflict with the greut principle
which the State Rights party, wifeu which the Senator
'(Mr. Rives) classes hinwclf, have' ever adopted m the
0oneVnction of the Constitution. f5nt,-if the former
ijnei ba aauimed i? would be in Win to attempt to
he a dead letter. The selection is lo be iiiadtr from
specie paiing btnfes. None but such can receive, the
public ilfK-iter.. or have their Holes received in the
dues of -ihe Government, There are none sucVuow.
T!i whole bunking system lies inanimate, nnd must he
vii'llied before it can bore-united with the Government.
No "lie is hold enough to propose nn union with this
life!',.- mask How then '' tho vital spnik' to ho 're
vived! ho t!io breath of liti", the Pr'unelheHii lire, to
Ihem to discount fre
tion, and, 'vith its in
prici-s ros proportion
and spc( u.ation seizci
ry one expected to m
Inrn gave n new rmp
till tlw swelling tide
the land. Then begn
mg (he ejK-ese. If itjliad
This increased the crrcula
nse, its vbIiib depreciated, nnd
v. With this rise, enterprise
lie w hole community, and eve-
e a fortuncat once; and this in
e to' discounts nnd circulation,
uTsed its barriers nnd deluged
the opposite process nf itlworb-
M.en
buck to tho ImiiKS, th winrces from which it (lowed,
through its debtors, the speculating, enterprising, and
business portion of the nomniunitv. the mischief would
have been, in a. great men sure, avoided. Rut circula
turn liail 'loweauff inurother rescrviiirp; those of th
moneyed men and hiinlcrs, who hoard when prices are
hifh, nnd buy when til' 7 are low. The portion thus
drawn oil' end held in il' posite, either in hunks or the
ty under the substitute.' There ii would rcowre ve- j luvaKjraww biM tte aaaayarawai a ta ate la
ther fa lie v nor touiecture to create one. It ou 1- Uj" raei-e rftW tat il aawu ra. I afta2 mnX tvnt-
itt, with nil its facultiis and enrlowments eojupHrtc; pai tle-a a fca! - tbe Ci n n'laai 11 (f; j4
discount, depoeites and all; w ith which, immense uanar. ' kw let ae r. l t&e , tkat ? alaamaMa &
guided by a central and directing head, and blended ocarrtVid a wr aiaflrh I aaarc aan"aiaaL I kaal ,
and united w ith the Government, en a lo form one 1 fWPjio-! Ihrt ti ltr4 4 kyis jmAZjc mmo
great mass of power. What a contr-st with Ihe kail " , awfcr ! crf1j of arta ai Ck Caaar-aaewxl waJi
llow simple aud Inrmless the one, with ita four p"iwi- i rrmlrr tlaa is kwsi. Tear SiaaaVi .1 jsm Saw
pal receivers, twice as manj- clerks, and five raprr- i Ilaarfaiane z4 tBcaxtac, (Saswrs. IlaaaBa. anal
tors, com red with Ihis complex and imghtT mfrnc rf' XJea) piwed fr- 14 xal, CasS "ft kaacvi as
Kiwer! And yet there are many, both mtellicen! and j tke acler sade : assi iaC va ke iat wnty tfttr
nitriotic. who oppose the bill and support thesohstilwie. i bi tTtaai b tla? rtiB caal aase; n..
noossiUle to return It ! OU mo Krouuii inni lire iorii'-r wouiu (nt unur jii.iu- " -- - " -
r!,.A. ;. t.:i, :. a.'. t time anr. HnViYr 'Imn Ttre liitTrr tt.i'j tflrar. uni miaj-' w paawamja m minai a ia
ime an.: Bower Tlnn The latTer! Iter
derful the divcrsi'v ol the human mind
. . - . . 1 v 1 . . a
ina. 1 ivtrr H:..a-rmn. ay u? axa asaxna ear aaar
So far from being true, the very Cici fbe sraira- ;cfj3roa s.r. V.rglitj as l. fae$ prx, 3a aa
I I, tjou, oj .the Government hum the haokti, pridc4.ai2! 'f' TlSfi?ni
"c ; tfiu ' hiCwJiild, of i't'scit, be't'he most decisive bWw 'tanit 7!
could he given aanmst (fovernmetil pstronae. awJ tbe , " waw -j aanian "
union of tho two most decisive in its favor. IVbr-a ff mm ff f "
their notes are received in the public due as !, atal ff -f f.
ciiests of individuals, tins ns cfleciuallv lost, ae far as ' the ptihlie money deposited in their vaults, the batk;, i1 mm awa-waae wavaTtin
'tli debtors of the banb were concerned, ira if it had become the nltirx of the iim-emmertt on all-rpertiorai -aU ta ttea twitaiw-aa6?sMa tfliajataxa-at iajxi
been liurnt. Tlie wean oT' payment were thus dimin-j-connecteU with its ii-scal actions. The high it axeriT le nJ. faaaui: a at a9a jur ear
iehed : prices fell in priportion,and the pres-nre in- i nnd dues, the greater in revenue and enienuitnr; aod fnemm. ia ' tS i!ca.-t ; ad Hif fm &e aaaasa
the larger its surplus,, tlie more tucir.cuTiiWtra iiii "re?awiirrHpwi7a
business, nnd. of course, the ereater iheir profit : tiJ
hence, on all quessions ol ifa&Uim and dishsreements, j fr"" tSesr cmskMrtasai wsrh tbe Ccafimaeae. aak4
he breathed into' tlie eyatetu. auow, is the question .' 1 with eaf ty. ,Tha thin!;ing,4Tifn now and have
been from the first ill fnor of an early decieinn, and
averse to all. coercion, or Holding out temptation to re
suine ; leaving tiie disennj lo the gradual and sate opu.
ration of time, with as little tampering us possible. I j.
tho mcaff time, I bold il to be unwise to cease discount
ing, nnd tondiipt an indiscriminate system of curtaip
ineut. Iter .effect are rninpus to the husitieru of the
ciensed as mey leij, i.iougli Ihe anvouni in eircnla
tsm l greatly reduced, yet the banks are nfriid to dis
count, lest, on reiniptinii, the hoarded mass of dovsres
held by individuals or mlier banks, should be let loose.
nnd, in nddi'ion to what might be put into circulation 1
should discannts lw mnilc, would cause another inundu-1
tion to he Piliowed by iiinther suspension. How is this '
dilliciilty to be safely surmounted, but by nnheking the :
honrdiil rni.'iins? And l,ow is tine to be done, without j
deciding the currency qVetion? This is the first nitd j
nei:esearv step. Tlmt ilinje, oil will be oble to calcu
late, and determine what to do. 1 he period nf mac- cio is the bajjie of banking operations ; and Ire pnea'cr ;! I sSaua jtfsjjftiJ leael tw hme&mz ajbr ask afjaa lis
lion and uncerlainfy would cease, rthd that of business j the amount. Ihey can command; the grcaler wall lwfrtaitSitli. It is mJt tie ea-tas air KiAraaast
revive Funds that art now locked up, would bo j their l.-isiio-s and profit; (Wt when the GoTTntlictri!iii--d CaCTtaiaBeitlia ta.avwjti; aateViaf atvwa tfks?
broneht again into opera ion, anl th.' cl annels of cir-; is sepn rated, from them, and collect and psrsavraj 3!. backs tnwS tote raj ttt terfaVia he m ebaa-aaaaa-coltitHn
bo replenished ii: the only mode that cm be dues in rpecie instead of their not, it is clear that 53e sjt erewwffiL:a cask ia tbe Ttms&f. lSavtSaa
and the accurnultio:is of funds in the Treasurr, Ujejr
intereiit would throw them 011 Uc side d tlie Goiero
inont, nnd bgainst the )eople. ' '
All this is reversed, when separated. The hiiber
the taxation aed d;shuraetnent8,and llie larger tie mr
p!is, the less would be their profit! and their Hit-eres-l
in that caw would throw sthem wrtii llie ptx3e, aisl
against the Government The reason is obvious. 2-
3a bm to It &ut. as tjs -avheie liiaSaif 1
unl 4 ll jaockMisafrJae peviy-e
la a ?rV ik-c.ir tbe bails iaefc tie aJ-m-4
as rali Ty be tie waacr cairatutaA,
To J!' iJUt sne ee'aJkd, and I w'4 ic!bUj fmaa
Jlicra era jtl.'nt. w kicw tfcry aoay yast4y clt-'aR.
The S-saV-t frwo Vir-i-ra f Sir. tenes-) a-ir-ifal It
lae yrai ajdtewsua, tint tine aawtasst as: tii jesV
This is the task.
The mover tells us tlmt it must he the work of the
Government He says that it ie bound to aid the banks
to resume , pay m3nts ;-"and for tlml purpose ought to
hold out lo tiiem sumo atUquute inducement j He tells
us that they have been long preparing, and had made
great ..effort, but can go no .farther have-rolled the
hiL'her the taxes and disbursements, and tlie peiVr Jj Vi.l. anri I aaaaWwraEe tia at iI! ae artja kaaas
surplus in the Treasury, the more specie wi'l he draws Jtu ccesifaia -m sxrybm. It- m.rir, af rm, aa
from the ure of the hanks, and 'the lets wi he x. pnc-- f "H'-i txser,neri tarear aeea? tahaaav.
the basis of their opcrnlions, and, copeoqnently, t!e k! libe r-u.jir- Nor at his aehrflaai ttea Sua-jeiiai
their profit. Kvery dollar withdrawn from tbca aray tf spec tvoii had a wit. )et- grmaE. Tte
diminish their business four-fold at less ; aod bcrfre a .dasirer oa assatber cmrter. War at Ike Laneat aaf
regard to their own interest would ioctilabh f!ace 3 htttt. wkeraa tier tie tr.aaav.tW A (mjvmaitva.
ihem on the side to which I have assieiied thr-m. " 'The vast iumeif' RTtiW crniiliitiaal'i!'
I
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