THOMAS LORING, J " the constitution and the unioiJ of the states they "must bf preserved." v s C QLyi. NO. 252. editor and proprietor. ... . RALEIGH, N. C. WEDNESDAY, MARCH 25,1840. '' ' . It&r'ee d&llars pek aknum. TERMS : rnriR NORTH CAROLINA STANDARD is published weekly, at three dollars per annum payable yearly in advance, a suDscrmer iau- in" to give notice of his desire to discontinue at the expiration of the period for which he may have paid, will be considered as having subscribed anew, and the piper continued, at the option of the Editor, until ordered to be stopped ; but no paper will be discontinued, until all arrearages are paid. Advertisements, not exceeding fourteen lines, will be inserted one iws for one dollar, and, twenty five cents for each subsequent insertion; those of o-reater length in proportion. If the number of in sertions be not marked on them, they will be con tinued until ordered out. Court Advertisements and Sheriff's Sales, will be charged twenty-five per cent, higher than the usual rates. -: . A deduction of 33 J per cent, will be made to those who advertise by the year. Letters to the Editor must come free of postage, or they may not be attended to. SPEECH OF MR. STRANGE, OF NORTH CAROLINA, In Senate, Thursday, February 27, 1840 On the assumption, by the Federal Government, of the debts of the States, and in reply to Messrs. Clay and Crittenden. Mr. President: I may say with honest Iago hut with much more sincerity them he did, "I do repent me th.u I did put it to you." I do most sincerely regret the rashness which has imposed upon myself a task to which my state of health is so inadequate the undertaking to address the Senate upon a subject which opens and has already afforded so wide a field of debate. But the good humored assaults made upon me on yesterday by the Senator from Ken tucky, Mr. Crittenden, excited me to a degree that made me unmindful, for the time, of my weakness. Perhaps he brought me somewhat into the state of the Prince of Denmark when witnessing the extravagances of Laertes over the grave of his sister, he exclaimed, "Nay, an thoul't mouth, I'll rant as well as thou." His pro phetic visions produced a correspondent delirium in myself, and tempted me to efforts to outpro phesy him. Time must, as in other cases dis close whether the four hundred who foretold success to Ahab at Ramoth Gilead, or Macaiah the son of Imlah, who prognosticated defeat, are the truer prophets. But neither of us, I fear, can boast much of unction from above ; and while it is forbidden to us to look even upon the shadows of coming events, we must be content to speculate by the riale light of reason, and to draw from the experi ence of the past, analogical deductions for the futu re. When E said to the Senator from Kentucky Mr. Crittenden on yesterday, that 1 differed from bim vvith less regret than I did with the Senator from Pennsylvania, Air. Buchanan, I said it in no spirit of unkindness; indeed, had I done so, I should have misrepresented my own feelings. I am not one of those who cannot do justice to a political opponent. No one, I am sure, within this chamber, listens to that Senator with more pleasure than myself; no one more admires the dexterity with which he wields his blade, although myself may sometimes feel the keenness of Us edge. But I cannot but regret that the same sagacity and skill with which he wields it are not displayed in ihe selection of the cause in which to draw it. I should be happy to fii ht upon the same side with the Senator from Kentucky, did not sad experience convince taathat if I ever do so, I must be content to take the wrong one. As usual, the debate upon the report and re solutions submitted by the chairman of the Select Committee, the Senator from Tennessep, Mr. Grundy, has taken a very discursive range, and the whole field of party strife has been traversed as suited the tastes of the various speakers. Upon its first introduction, the report was met by the most extraordinary fosilade ever witnessed in this chamber, and the. vigor of the attack plainly indicated the heart cherished value of the objecs against which the report and resolutions were levelled. And yet the resolutions contain four simple propositions, which the report sustains by able and un ins ver ible arguments. The first three of these propositions are : 1. Resolved, That ihe assump'ion, directly or indirectly, by the General Government, of the debts which h ive been, or miy be contracted by the State for local objects or State purposes, would be unjust, both to the States and to the people. 2. Resolved, That such assumption would be highly inexpedient, and dangerous to the union of the States. 3. Resolved, That such assumption would be wholly unauthorized by, and in violation of, the Constitution of the United States, and utterly repugnant to all the objects and purposes for which the Federal Union was forced. Neither of these propositions had anyone the temerity openly to question, and with all the fearlessness ascribed by the Senator from Ken tucky Mr. Crittenden to American Senators, in the discharge of official duty, and justly, as I trust, no one here has bold enough to dispute the truth of either of them. But it is said their assertion in this form, and at this time, is irregular, unnecessary, and im politic. Irregular, because no legislative action is proposed, either by the report or the resolu tions. This is an extraordinary objection to come from a parly who passed the resolution, condemnatory of General Jackson, through this body, by acclamation. It is true that resolution was subsequently expunged, but the ground of its expunction was not that it comternplated no legislative action. But is it true, that our duty here is confined to the mere passage of lairs 1 Does the steerage of the vessel of State depend exclusively upon the passage of laws? And if not, is Congress to leave that steerage to other hands, and take no thought of the direction in which the vessel is tending ? If, from the look outpoint which it occupies, it beholds rocks and shoals, and whirlpools, and quicksands lying before her, is no warning voice to be lifted up? Can there be a doubt that this is one of the most important duties which our constituents expect us to perform; that we should make diligent use of all the talents which God has given us, and of the advantages of our position, to search out political truth, keep it steadily in view, and ! procl; 'th- i um it to our iellow-citizens ? JJoes not the v hole usage of the nation prove it to be so ? In my opinion, sir, were, we to neglect this, we should neglect the most important half of our duty. The report and resolutions then are not irregular, unless, as is further contended, they are unnecessary. They are denouneed as unnecessary because the assumption of the State debts by the General Government has never been contemplated by any one. Who that has looked unon the signs ot the times can feel this security? Are not the newspapers of a certain class full of suggestions upon this subject, and have not the circulars of hankers been put forth indicating its propriety and even its necessity? But the Senator from Kentucky, who addressed us some days ago, Mr. Clay, demands, with an. appearance of scorn, if we are to pay any attention to newspa per suggestions or bank circulars? I answer, unhesitatingly, yes. He asks if our action is to be at all affected by-lhem 1 Again.I answer yes. The day has gone by when the press is nothing, or money kings are to be despised. The latter great personages plant their feet upon the necks of those who control empires. How long has it been since the stamp of a banker's foot and his declaration that, if a vCertaiu war was declared, he would not be seen again for many months upon "change, had an important bearing upon the measures of one of the first powers in Europe? This happened on' the other side the Atlantic ; but are we without si milar experience on this ? Is it for us, yet pant ing after a struggle with one of these mammoth powers, to affect to despise them ? Is it for us, who have lately witnessed bulletins and procla mations and letters issuing from the marble pa lace, agitating the vast political mass in our coun try, as the ocean is stirred up by the breath of the storm, to talk about bemg regardless of bank ers circulars? And when we hear the murmur of the coming tornado, are we to wait until it strikes us before we prepare ourselves to meet it in safety? When we see the opiates preparing for the people, and the chains being forged which are to bind them in endless slavery, is it our duty to wait until the drugs have been administered and the chains fastened not only upon their limbs, but around their hearts, till they are bound to the earth, manacled and fettered, before we warn them of their danger? No one contem plates assuming the Si -te debts by the General Government 1 Did not ihe Senator fnrn Ken tucky, who addressed us the other day, Mr. Clav, pour forth notes of lamentation over the hapless condition of the States, pressed down with dent? One might have almost fancied them the plaintive exclamations of the poetic King of Is rael over the untimely fate of his soruAbsalom. Did he not speak of the intimate relationship ex isting between the States and the General Gov ernment ? Were not the States commended to our sympathy, and spoken of as bone of our bone and flesh of our flesh? That if one suffers, all partake of the suffering ? &c. And why was all this? From the fulness ol the heart the mouth speaketh. Why speak to us of the woes of the States, and the sympathy due to them, if we were not expected to bring relief? Do men spend their breath in detailing their grievances, and appealing to the pity of those from whom they expect nothing? A politician, as old, and experienced, and skilful, as the Senator from Kentucky, speaks not without an object; and, to me, the inference is clear, that, like leaven, his words are cast into the mass to create a ferment in the public mind until it throws out some food for the cravings of ihe States, or rather of the British bankers. The objection, then, that these resolutions were unnecessary, is as groundless as the one that they are irregular. And this is further conclusively proven by the third objection brought against them, to wii, that they are impolitic. How impolitic? Be cause, forsooth, they will injure the credit of the States. It cannot be ihe mere declaration lhat the States owe so much money that can injure their credit, because that was before a matter of public notoriety. The debts of Governments, and especially free Governments, can never be a secret to any one who desires to know the truth. They are contracted in the face of day, and are evidenced by records continually spread open in the broad light of the sun. What, then, is the discrediting matter? It is the declaration that this Government will not assume to pay them. But if it was known and believed before that this Government would not assume to pay them ; if the conviction was firm and unwavering, would a declaration to that effect operate in any way up on any mind ? Surely not. Suppose this Gov ernment were to declare that it would not as- sume to piy ihe debt ot Urreat Britain; would that effect the credit of Great Britain ? No I And no one imagines that it would. Why? Because the wildest visionary that ever lived, never for a moment imagined that the Govern ment of the United States would assume the British debt. If, then, the public mind on both sides of the Atlantic were equally clear of the impression that the General Government would assume the debts of 'he States, as that it would assume the debts of Great Britain, could the credit of the States be any more affected by the declaration that she will not assume their debts, than would be the credit of Great Britain by a similar declaration? Surely not. The argu ment, then, that the credit of the States will be affected by the declaration lhat ihe General.Gov ernment will not assume their debts, must be founded upon the supposition that such an - ex pectation exist3 somewhere. Now, as it is ad mitted on the other side that no one ought to have the folly to contend for such assumption, it follows that such an expectation is erroneous. And is it right and just to suffer any one to"re main under it? If no one entertains this ex pectation, the declaration that it is erroneous is at least harmless; and if any one does entertain it.it is but just to apprize ihem of their error. But the secret that such an impression does exist somewhere, and the true origin of that im pression, are disclosed farther by a metaphor re sorted to by the opponents of these resolutions to show their impolicy. They speak of this Government being the father, and the States the children. From this figure the principle of con solidation is distinctly seen peeping out, and its fallacy ought to be at once exposed. Does the son beget the father, or the father the son? Is the proereator or the offspring anterior in exis tence? There can be but one answer to these questions. Now as the States made the General Government, & not the General Government the State Governments, and as the State Govern ments existed for years before the General Gov ernment, the General Government cannot be the father of the State Governments. But waiv ing the correctness of the figure for the present, for the sake of argument let it beconceded that the relationship does exist as supposed. As suming this, the argument on the other side is that it is impolitic and unkind for a father to proclaim the indebtedness of his children, aad declare in advance that he will not assume their debts. But in this argument two important facts are overlooked in ihe case of the particular family spoken of viz : in the first place that the indebtedness of the children is known to every one before the father speaks, and in the next place that the father cannot speak to his children without all the world hearing him.. The ques tion then arises whether such a father, knowing that his children were largely indebted, and that designing persons were endeavoring to persuade them that.it was the duty of the father and the in terest e$4& whole family that he should assume their debts, while he himself firmly believed that such a step would be ruinous to all, and un just to many branches of it, he ought not to warn his children against listening to pernicious coun sels counsels tending to render them indolent and extravagant and distinctly to apprise them thai, according to his views of justice, expedien cy, and'lhe family relationship, such a thing was totally inadmissible? So mnch for the first three resolutions. 4. Resolved, That to set apart the public lands or the revenues arising therefrom, for the before mentioned purposes, would be equally unjust, inexpedient, and unconstitutional. And here the gentlemen on the other side make their stand and fight against the resolu tion, and insist that it is hoth constitutional, just, and expedient, to distribute the proceeds of the public lands among the Slates. On all these points I take issue. 1. I say it is -unconstitutional. Why? I assume it as a political axiom, dispu ted by no one, that this Government has no power to raise money for any other purposes than those set forth in the Constitution which gave that Government existence. I assume further, what I suppose no one will question, that distri bution among the Slates is not one of those pur poses. Does it not follo w, as an inevitable con clusion of right reason, that whatever might be the constitutional power of Congress over a fund on hand, which it was evident could never be absorbed, in the proper, outlay of the Government, it would be a manifest breach of all constitutional trust to make such a distri bution when the effect would be to create a ne cessity for raising. further sums by taxation to supply the place of those so diverted by distri bution ? - But I understood the Senator from Kentucky who addressed us the other day, Mr. Clay, to consider a portion of these lands as a specific trust to be applied to certain purposes distinctly pointed out in the deeds of cession. The following is the language used in the cession made by the Slate of Virginia, on the first day of xMarch, seventeen hundred and eighty four, to wit: "That all the lands within the ter ritory so ceded to the United States, and not re served or appropriated to any of the beforemen tioned purposes, or disposed of in bounties to the officers and soldiers of the American army, shall be considered as a common fund, for the use and benefit of such of the United Slates as have become, or shall become, members of ihe Confederation or Federal alliance of said States, Virginia inclusive, according to the usual re spective proportions in the general charge and expenditure, and shall be faithfully and bona fide disposed of for that purpose, and for no other use or purpose whatsoever." The language used in the deeds cf other States is substantially the same. It is very obvious that distribution is not one of the objects of the trust, or it would have been set forth. The object, af ter certain reserva'ions, is one, and that is "to be a common fund for the use and benefit of all the States, according to the usual respective propor tions in the general charge and expenditure." It is well known tint, at this time, our Federal Constitution had not been adopted, and that each State contributed by taxing and collecting from her own citizens so much to the general charge as Congress declared to be her quota. The ob ject of the trust declared in relation to the public lands, wis then manifest that a proportion e qual to what each State contributed to the gene ral charge and expenditure, of the proceeds of the public lands, was to be applied towards her quota of snch charge and expenditure, and dimin ish to that extent her necessity for self-taxation. The words "use and benefit" exclude the idea of an actual surrender to the States; but simply an application by a trustee to the particular use de clared. And as if lo exclude any possibility of mistake, the deed goes on to declare that it shall be faithfully and bona fide, (appropriate words as applicable to a servant or trustee.) disposed of for that purpose, and no other use or purpose whatsoever. Nothing can be more specific and exclusive of every other use and purpose than contribution to the gsneral charge and expendi ture. Thus matters stood anterior to the adoption of the Federal Constitution. But I understood the Senator from Kentucky, Mr. Clay. to say that. a fter that, the execution of the trust became im possible, and ihe trust fund consequently result ed to the original grantors. That the States no longer contributed, by self-taxation, their propor tions to the general charge and expenditure; but the levy of taxes was made by the General Gov ernment through imposts upon the' country at large, and the measure of application, and the subjects of application were thereby annihilated. It is true that in practice, after the adoption of the Federal Constitution, the States were no more called on to contribute their proportions of the public charge and expenditure, but this was a mere, pracical operation. Potentially, both the objects and measure of the application of the pro ceeds of the public lands, were preserved in the Constitution. In the first article, second section, and third clause of the Federal Constitution, it is declared : "Representatives and direct taxes shall be ap portioned among the several States which may be included within this Union, according to their respective numbers, etc." The whole revenue, then, if thought expedi ent, might be raised by direct taxation, (and would probably be the most equitable mode.) and if so raised, clearly the proceeds of the public lands ought, according to the terms of cession, to be applied in aid of the States in their respec tive nronorlions. to liorhtenthe burden of direct taxation upon each. Then both the object o application and the measure of proportion would stand out in bold relief. Reasons of policy and c ivenience have induced the States to prefer taxation by imposts to direct taxation, but in nei ther form do they desire to be taxed beyond the public necessities: and to no farther extent, in either form, has power been conferred on Con gressMo imnose taxes, and in neither form has Congress the right fo impose farther taxes, while a fund remains on hand applicable to the public expenditures. The public lands, then, must be used to lighten the burden of taxation, in what ever form taxation is levied. Whether the fact be strictly so or not. taxation by imposts is sub mitted to, because it is supposed to approximate the same proportion m contribution by the re spective States, with direct taxation. The trust, therefore, upon which the public lands were held, stands in its full force, and unchanged in its na ture and. o'cts. This is conclusively shown by theStrking facts, that although the Federal Constitution went into operation in March, 1789 and North Carolina made her cession r I .i f. in uecember or mat year, nine montns alter, and Georgia made hers in 1802, about thir teen years after the Federal Constitution went into operation, both these States preserved substantially the language used in the Virgin ia deed of cession, which, it is now contend ed, could then have no operative meaning, a nd thereby declared trusts which it was obvious, at the time they were declared, could never be exe cuted. This is altogether too absurd to be sup posed; and it must necessarily follow that it was well understood that ihe adoplion of the Federal Constitution produced no change in the opera tion of thesegrants. This is further confirmed by the second clause of the third section of the fourth article of the Constitution, which declares that: "The Congress shall have power to dispose of and make all needful rules and regulations respecting the territory, or other property belong ing to the United States," Now what territory was there belonging to the United States, other than the lands ceded by the States? And there is no evidence that any oth er territory, which could be called property of the United States, was in contemplation. So far from it, purchases of territory, since made, have been seriously questioned as breaches of the Con stitution. It follows, then, that these public lands' were deemed the property of the United States by the framers of the Constitution, and not that the trust hd resulted forthe-want of power to execute it. It appears, then, that Congress holds this fund underthe same trusts that it does other property of the United States; and the question recurs whether, if Congress cannot constitutionally raise money for distribution a mong the Stales, she can do so indirectly, by ap plying the money which she holds for the pur poses of the Government, to distribution among the States, and thereby create a necessity for raising other money for those purpose io which the fund distributed ought to have been applied? Every fair mind furnishes a ready answer to this question. And is it not equally obvious, that while the Government continues in operation, such must be the effect of every distribution, unless we can suppose the improbable (and certainly not now existing) case of the General Government hold ing funded debts or stocks yielding an annual interest snffiMent to defray its current expenses. The enlightened and able Senator from South Carolina, Mr. Calhoun in his argument on the expediency ol this measure, has put the case of the present state of the Treasury and the pro spective revenue, showing that an abstraction of the proceeds of the public lands must render an increase of the tariff inevitable. Bui is it not equally apparent that if, as he and I both think, we have no right to lay a tariff lor any other purpose than revenue, a distribution of money in the Treasury, which would have the effect of rendering a reduction ofthe tariff impracticable, would be liable to the same objections. Both would have the effect of causing taxation to sup ply money which had been distributed. I thus arrive at the conclusion, lhat a distribution ofthe proceeds of the public lands as far transcends the constitutional trust powers of Congress as the assumption of ihe Stale debts, a measure from the advocacy of which, as before stated, every body shrinks. 2. Nor is the injustice of such distribution less apparent. The truth is, the only thing which recommends it to the favor of any one is its in justice. What possible inducement could twenty-six gentlemen have to contribute a sum, to be i nmediately divided out among them in the same proportions in which they had contributed ? None. Still less would they be in favor of such a measure, if they were required to pay some one for collecting and distributing the money. But if the distribution were to be in some differ ent ratio from that in which the contribution had been made, then would it be inevitable that some of the parties must withdraw more than they contributed, and, consequently, others jess. This might commend ihe arrangement lo the fa vor of those who were to be gainers by the oper ation; and if it were uncertain which of the parties were to be the gainers, ihe gambling spirit to which every man is more or less sub . ... ....i r ject, would probably commend it t me iavor oi all. But, yet the injustice ot the scheme is ap pirent to every one; and if the distributor were authorized to obtain imperceptibly from the pockets of ihe twenty-six gentlemen sums of money, according t3 the cost of what each might eat, drink and wear, and ihen to divide the money per capita, would not the inequality of the plan shock a very blunt sense of jus tice ? 3. As to the inexpediency of the distribution objected to by the resolution, what can any man say, after the luminous and forcible portraiture made of its effects, a few days ago, by the Sena tor from South Carolina? It is a vast subject, and I will not overtask myself and the patience of the Senate by going into it. I leave it as left by the Senator from South Carolina. I will not attempt to gild a sunbeam. And here, sir, the subject would seem natur ally to close j but the memory of man runneth not to the contrary of the practice on this floor of making every question of any magnitude to bear upon the strife of party raging in this land. Be it so: and if gentlemen will force them upon us, I, for one, am not for.shrinking from such contests. 1, for one, have such confidence in my political principles, as to be willing to see all places ay, nnu 10 oeneve, too, iiiai injf can bear some misrepresentation, without endanger ing greatly their perpetuity. "Truth, crush'd to earth, will rise again Th' eternal years of God are hers; But Error, wounded, writhes in pain, -1 And dies amid her worshippers." So may error ever perish, and, among other errors, those of Harrisonian Federalism. The great difficulty of the cause to which I belong, in our party strifes, is the preservation of our own banner. Our adversaries are ever striving to throw matters into confusion, and. taking advantage of the tumult, to rob us of our banner, and to thrust theirs into our unwill ing grasp. Our names are seized upon, and ap propriated to themselves, and others fixed upon us, by which our forefathers never baptized us. Thus occasionally are our own brethren and kindred, men of the samtvfamily andiharino- with us in the common-inheritance of sound faith, made for a time to fight against us; and mischief is perpetrated, difficult to repaid for it is not every man "who knows the true prince by instinct," like the fat knight, of facetious memo ry. . . . ' . ' I do not know a better service that a man can do to his country, than to hold forth, with a ing arm, to the public view, the glorious Democratic banner, in ils unadorned simplicity, with its plain, pithy, intelligible mottoes. The heory of Government, which should be the plainest thing on earth, has been by artifice con verted into a puzzle-fool, and its simple purpos es mystified and defeated. The happiness of man, through its tendencies to render him vir tuous, is its sole office, if it has any worth the trouble and expense that it costs. Its systems are various, but they may be reduced to two classes: that which addresses the reason of man, and withholds from him temptations to be vi cious, and that which seeks to control him by his selfish passions, his hopes, his fears, his de sire of gain. Very few Governments have been based upon the former principles the mass have dopted the latter. Perhaps the earliest and rudest form of Government in which reason was overlooked, was that in which priestcraft usurp ed the control of every thing, and a god or gods supposed to be speaking through ihe mouths of men, dictated alike to individuals and nations. The most rigid exactions were made ofthe mas- ses ot mankind, and the most grinding oppres sions imposed upon them, that ihe favored few might enjoy wealth and ease, and honor and renown. The treasures of -the coffer and of the heart were alike wrung from their possessors, that the dominion of their oppressors might be absolute and unqestioned. Exactions were sometimes carried so far as to demand the fruit of the body to appease imaginary deities for im- iginary sins, and ihe products of the toil of mil- ions were surrendered, that a few might luxu riate in exhanstless abundance, and uninterrupt- d ease. J his has been happily styled by the celebrated John Taylor, whom I so much de- ight to admire and quote, the hge of JupiuVr; ne among ihe heathen gods who was most im perious and extensive in his sway. But his tv- ranny became so oppressive, that mankind could no longer endure it, and bold spirits penetrated his temples, and discovered and exposed the frauds of his priests. Next came the age of Mars, and heroes, clad in steel, controlled mankind, tie is among the most noble of the heathen gods, and has about him a generosity of character which disdains to trample on the weak and defenceless.and scatters viih liberality what he gathers by his power. Still heappealed not to the reason of mankind, but controlled them, through their fears, with the rustling banner and the bristling steel. Afer him came Mercury, establishing domin- la t- e If 1 ion by addressing himself, through fraud and artifice, to the cupidity of mankind, or humb ling them into submission by reducing them to poverty. Finally, combinations were formed among all these powers, and the science of Gov ernment became complex and mysterious. It was supposed that there was no other way of correcting the evils, or rather to render them tol erable, incident to these principles of Govern ment, than to resort to checks and balances, and to make the vices and passions of one man re strain the vices and passions ol another. When Government became a mystery, it was supposed that it admitted but of three simple forms, viz: monarchy, aristocracy, and democracy, and that all Governments consisted of one or more of these elements, controlled by one another, or a combination of two or three, of the heathen dei ties, before mentioned. Such was the state of things in the old world, but our sagacious forefathers saw the error of principles on which those Governments were based, and the battles ol our Revolution were fought, that the whole heathen Pantheon might be dethroned with its cumbrous and expensive machinery, and that Goverments might be es tablished in the new world, formed upon moral principles. That man might be restored to his native dignity a self-governing being, disen thralled from the dominion of passions, and yieding to the sway of reason and conscience a reason and conscience on whose tablets are written, by the finger of God himself, precious and noble truths, which can never be erased, but are refreshed by revelation from day to day. They believed that man retains much of the ori ginal image of his Maker; that something of His purity is enshrined in the breast of woman ; that mercy, that most interesting of His attributes, beams forth from her eye in rays of tenderness, or gently distils in dnops of sympathy. That in the bosom of man His sterner attribute of justice has a deep abiding place. Such were the prin ciples upon which our beautiful system of gov ernments were based. Corruption was exclud ed by avoiding accumlations of power; justice secured by establishing; a perfect equality of rights among men ; and happiness placed within the reach of all, by opening a fair field for virtue, and talent, and industry, to reap their harvest, while vice, and ignorance, and stupidity, and indolence, were left to that curse to which a righteous Providence has seen fit to expose ihem. But the devil came, as he has ever done to each earthly paradise, disguised as an nngel of light, or in some unobtrusive form, little calcula ted to excite the alarm of those whose destruc tion he meditates. Connate with our Constitu tion were those who held to the old belief that honest disinterested reason, was an unsafe gov them sifted and examined at all times and in 1 I L.V . .L . L ' ' prnor,-and that Jupiter, Mars, and Mercury one, or all three, must be restored hence an es tablished religion, standing armies, vast navits, exclusive privileges and monopolies, and whole hosts of eleempsynary dependants upon the. la bor of others, had all their advocates. In all this we perceive what constitute the warring ele ments of party in our. land. But constant asso ciation, even in strife, will assimilate men to each other, and one may gather moral contagion from another whom he hates and Ihus ha.ve these parties been constantly varying: in the intensity of their principles, so as even sometimes to ren der it doubtful which was which. The result has been that Jupiter, and Mars, and Mercury, have all been imperceptibly, regaining in part their lost empire; and, although disavowed in our constitutions, have exerted substantial con trol in our public affairs. Of these, as miVht M O have been expected from his nature. Mercurv j las been by far the most successful. He has not only given toneto our. Government, but-has enthroned himseltin the hearts of our people, un til, instead of increasing in virtue, and disinter estedness, and patriotism, an eager haste to be rich has become our distinguishing national cnaracieriMic. rienee every individual is pur suing riches as the chief good, and money, money, money, currency, currency, currency, is-ihe con tinual cry in the country, in the city, in private conversation, and in the debates of this chamber. To all this the Governments have been contrib uting by example, and the stimulus of their mea sures, tariff, internal improvements by the Gen eral Government, lending revenues for banking purposes, and other kindred operations. The Senator from Kentucky Mr. Crittenden has represented the friends of the Administration as differing among themselves as to which of these causes have produced these effects. He will pardon me for saying there is no such differ ence among them they all concur in believing every one of them the offspring of the same pa rent, and to have acted harmoniously in the ac complishment of his designs. Some may sup pose one of these causes more efficient than the rest; others may have supposed another; but oil jgree lhat ihe whole responsibility is to be shar ed among; them: and in what exact DroDortions it is not thought very material to inquire. But what, after all, is the great evil they have produced? Is it any actual diminution ofthe resources of the country ? This, perhaps, they have effected to a great extent; but that is little or nothing compared to the real evils. These are transferring by stratagem and fraud, from A to B, the hard earnings ofthe latter, not by a regular and slow process, but by the quick and unseen movements of a mountebank ; defeating that tendency to equilibrium at which our insti tutions aim; leaving the one party overwhelmed in amazement and distress at a poverty which has rushed upon him like an armed man; the other panting with that feverish thirst for wealth which sudden success begets the deepest curse of him who feels it resembling in kind and in tensity that of the f ibled Tantalus; or wallowing in an ostentatious luxury, at war with our Re publican institutions provoking impotent envy in some: in ntKarc Icaca urtioltl-ivr rninnno j (V Trio to vie in splendor. Individual and aggregate misery is the inevitable consequence. A man is fitted, by a gradual increase or reduction of his means, lo bear the maximum or minimum with calmness, while sudden reverses either way bring in their train the loss of content, and, with it, happiness. In either case, the passion of ava rice is stirred to madness. This is the real curse under which we are at present laboring. This is the agony through which we are pass ing, of which I spoke yesterday. A picture, drawn by the hand of an ancient master, is not inapplicable to our times. Sallust, in one of his epistles to Caesar, thus expresses himself: "In process of time, the ascendency of wealth became complete. Its excellence was univer sally acknowledged, and power and honors fol lowed in its train. From the same era, the de cline of virtue may be dated. Poverty was now held as ignominious. Innocence of heart and simplicity of manners were interpreted into a satire on the times. Thus the youth, taught to look up to riches as the sovereign good, became apt pupils in the school of luxury. Avarice and pride supplied their precepts. Rapacity and pro fusion went hand in hand. Careless of their own fortunes, and eager to possess those of oth ers, shame and remorse, modesty and modera tion, every principle, gave way. All rushed in to a profligacy that heeded no restraint, either divine or human." And why, we are tauntingly asked on the other side, did we not prevent these evils? In turn, I will ask another question : Has not the Democratic party been striving against them inefficiently, it is true, but still striving from time immemorial ? "We red a parable in Scrip ture of a certain husbandman, who sowed good eed in his held ; but, while he slent, an enemy eame and sowed tares among his wheat. Would it not have been an aggravation of the wrong, had that enemy taunted him to his face, by ask ing him why he suffered tares to grow pmong his wheat? We are the desendants of those (politically, I mean) who sowed the good seed of Democratic principles in our constitutions, and yonder are the desendants of those whi sowed the tares of Federalism among it; and now they ask us why we have noi prevented their growth. They point exultingly to this and that bad mea sure, which they have themselves cajoled or for ced us into, and laugh at us for not having avoid ed them, although, like struggling men, in at tempting that which we would, we have been forced to do that which we would not. Ihe State bank deposits system, they know well, we were pressed into by them in our efforts to es- e I P . t cape trom the more dangerous system oi me United States Bank. It was to us a half-way house, as they have endeavored since to make it for themselves, between a United Slates Bank and a total disconnection ofthe Government from banking affairs. But they ask ns farther why we do not cor rect these evils, now that we are fully aware of their existence. Mark again the insulting cruel ty of this inquiry. They bind a man's bands behind his back, and cast him into the water, and ask him to swim. Have we not been endeavor ing to remedy these evils, and have we not en countered from them continual resistance ? Yet the evils admit of no immediate remedy. The poison of avarice has seized on the heart of the nation, and that is'a malady which admits of no radical cure during the. present generation. Of him in whose bosom the serpent avarice has I ! 1 ' V 7. i f s i t ! i

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