Newspapers / Carolina Watchman (Salisbury, N.C.) / May 27, 1837, edition 1 / Page 2
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' i i .(: 1 r1 y-.-T - M.V ON ..VV if0 W' 4- LJ raaf hereafler bead r ffee - ! "il jfTiXivts'peT y ear my'. afthitM'VLLrtnastbeaJOae class &uaut they 4 .5 , jio iiot phy 4oiin2 the year ithrkfkNarUn all cases. uda vi lie receiveaior . less mji or.e Jl " be liWup"eu butVtthe op- ' NjP'f r ,rr kl.All ! rrearges are p id iHtl' :L:A Li:i ti.. RifitoF mn9ti.be u;'or.ADVF.kTisir. fill 2ft 8 id' llf U;n & eosHnaed o?ail orders . v-aw in Sllllli LIILilHI . f -if frt IT ATI p.esirax per id-hi w a "-vyf ir. U)pHisle) 30 cs; Corn pr l, ,dik .Vdl. To cts j.- Nds P bush oa cts; lb 8 a luci per lb 9 a JO mWi- Jb- 10 scis ; Kagiijh.o. per ...iTalffttB Til fjmifil a l 7 ! cis ' Claret, dp j :i.fiU'4Ii3 a 1 7a AtL. J. 4 M.'.".;lf. CHERAVV,; Beef fjtinarketkflb tt-a ets-Baco-.ef 191 II etsj .til as uii. vu cis ueeswax perl!) 50 irUctJ ; Uajrrti per yard 1 a eafBiilarOpe jeMb a U 14 cis ;,CoUee,pr. RI24 i ltJ cisiCullon pvr 100 ibjTiO ifji Corn per bushel 90 j 95 a RtVflejjii I ii wnk mi brl 7 . 000, from stores pyr 4.il6!a U -?W ir 100 Jbs . $,5 ,6Ka pi Mfn per'gal 45 50 i ctkj' Nuicut assot el'pwM 1 2 a V cts ; Wrihi'dy per lb, 0 cii; M pftr.hrf 0 9; Itiee. peri 100-lBs 4 i $kM QtAisj. 12 10 I :Jmi cts j. Sal t L tftrttriister pr lo 10 IG cis; Talltw pT b 0 iUirsTea lro(eriat per lb $t 23 a 1 374 js; Hjjoij k pr lb l a I,. 23 ci?svrba,j raau fectarktWlQ iaTsft' . . j- ! , ; .FAY ETTEVILLE 1 rglt. jBJypfia:75 80. Do. Appfo, 65 ar f 0 yc-jprli$ iajt 0t0; l it;m pf'HSrWiS qkrl!.Ha !.n'rFlur;b1d."5a(r ritJ prl)h $1 00 a 0OOi FeathrspcJl33. MA -pr ousb 7S'a 80fJrJr. or lb ol a t:4fot 1. -A Turn ii I & 40 a 43; Vails nut 71 a 8 jSilf 50a 73; Siinrar yr 174 "alt;; Tobacco? pi4 Wheat pr biw0 00; 0 AVhisk FT fJS fiaa, bVe x 20 a-00 v f. JO! 6ll.Carryir,ir ,r,,'ial 0f the United f he rOll'itrtg p-jsit roure, will be racfiv Urpartniem until the Isi dav of Ju , b lecideU jh th next day. The luon ractjobe executed by ihe 1st ofl Sp- : Wli,nd the service is to commence pn ' t July.' , I I if, JiSory eveiy AVednSsday 'and' S?.4nww rfFifeuSrilli-tiexJ Skt; raxeUerille-uex diys i .V 4, i . I noDdsraod'ThnWjJ18 next'dajysLiby . t. be ac- SfiSji h grantyf signed by We or! rnjore Jf .t4."iD the following forraVjvi :'; r "Fwuersigned guarapiy to tT' 1 be aciieptedi !sttoaster if, t'k t m a-i o L.AJ,:L. venQra, "jipii enier ntosan I- fV" y UC I9VU3I Ul kScUif IllUcI' UCAU - ;w uuicreai sureties, w penorm ne Proposed? i 'r - - - - '; . fi3 iceotnpanifld by the cerllficale !4!3ter ' wf other sai factory : "tesfitoony; f r-J" M !t- ffoaraai? ;r.-. i 'kfl fvuj tuts, iwjuueuiiiv is piiuv- VJf!?, M cootraciorei railroid coaipaiier Illin frkr. L. T . ! i 'i lll.. riTtlthB-. L! - - T fin TkJ mpanies or persons whatever.! Hist arcl,;, 1837.'. f X ' 1 i a lUi Mlt riAnnaaIi Address j before tJt.r?ry i-Socleiies atlhecvmuVeoce i i H S i; . !. fanW-aMof FavetterilJe tacdf 'laf-der'the'Aets of; Aasem-. f iw tag fVAffPqr ?rry .. ... iAHiou allerwam - ., . nit lire, far eo ' "... . - nSre fe3 fty the year 9r six monu,3 wi IS i Dollar per month fur each squfe iV- . 1 ftw) CqUdri brgmcr per yd. 1U Vf) CtapedJH 161 18:JcttC.a,unr ft u 1 .4,f 1)0 is ; Hfiathcrs' p i b; to ?)rJ. .L,-Hrl,lL sBi 7;heai nr bushel 14 ru r u ill r- t ' fl-M; Ctft do. per JO s a w cis ,uar ',4.61 ? J la 15 4l ; Kiun (.Jamaica pir gl; nm&h ' (dean) er lb 0 ; pt b. ' il Rfc: lim-Jmen pr vc r-rfUfart WlM (ti.nifnna tin T.irnA until Y A'AiiO June, 1S39. . - r lion was wellor yl-tounuee, jtist or unjust. :f.Va. jrt5, ' Frola Safisbu ry; N 6, by Hell only stale tKe faet, as connected with othj-3MJkIw'Jtl.ebaa.x,-HiHVStorefS facls- The. BankVof the UnitediUles, p2tJ!eltniai Mechanie'ti Hill, Prosperify, during these four years of .Mr Adams' adr t?ilr uc!ttfat,1 whosonvilIe,tSFayete- miuistration, was in full operaiton. It was lfinalea and back twice a week jajsli- perfV.rroing the fiscal duties enjoined on it l wmmd Will be wirisMMPd nnless it t i.v. iJS bicuia t sealed i anil acaressea Y j f u 1 Asustaav, Posttnaster Geiiera l.j fVrU4" iW sV--Vv'-'!:i re M'-tthef Store ofGedv AV; 4 i. P ll ToWn V;sllltf .-.,Uils J -Wn. TUSTERS-SPEECII ,-.v rXPFEGlS ON'TUE. CimRNCY. -! -. Bit gentletnen, it 13 ;the currency, the fcuj re ncy . pf' the cou nt ryr- it k is th is 1 great su.Wjecty sojntrestipg;, so vitajtoali clasa- e's of the 'cbmthaoily?. . Inch has beeri dcj tineci to feel the roost vipleal5 .uU3rop Executtye fr."ffi?; rrJnSequencjeare arognd us, aniJ-pnsirot'i. unforeseen, rrdt uflforetoId,ka?e they coroC.Bnnging dis tress for Ibo prejet'hjfcfainlarrn fot thfefulvrer;, Ujt be denied that Ibepresl ni conduion !ToT tbingsVrias arise hlnl IJUit I'ccsidcnl s interference with the re?enae,ihe first aiU wer is," that jwheh be did 'inteiferp, just sucIronsqiieWeswere wtsUien -slid, pnd i epeate(diand pressed J iippnMheTputtlic attention, ano tnai inierieri ence musLnecessanty produce derangement, emiiurrassroeiil, loss of confidence, and! immMMl -ifuirooo if ' nnv mil ontl4. ! mcni lo recur, to llA debates" of 1832, JSUJ l-eV.jfor l,n j:l;,. Mininnlbain aF lla tiortn JianiMrl ha oiof al I "1 lurj experiment was first anqonnced, w hit supported, and vho Joptiosed - if rV V I16 nnvfi nrnvpn ii if rNirrnri. vv nen me irea h warne3.thecoifhtry against it Who weie theywho endeavored tostay the violenc of party, arrest the j bantj or Executive Sutliority, and to 'convince the'Pec pie that this experiment was dejusive; that lis object was iiieely to lnrreaseExecutive power, . that its effect, sooner or later, must be injur ious arid ruinous? , , 'Gentlemen, it is fair to bring the opinT ions of Political men to. the lest of expen ence. Jt is just to judgo ot them by their ! measures, and their opposition to measures; , . . ... . . . . t and "far myself, and those political friends with whom I have acted on this subject Jolf ihe currency 1 1 am ready to abide the test. But, beloje th subject ol the currency:, and its pit-sent'embarrassing state is dis cussed, I invite your attention, gefttiemen, to ihi history of executive iroceetiiugs con nected with it I, propose to st,ate toyou a series of facts; not to argue upon them, not to mystify them, not to draw any un just inference from them ; but merely to stale the case, in the plainest manner, as ' uiulersfand it. And.l wish, gentlemen. tbajt ui or0ei to be dole to do this, in the best an d most convincing manner, I had the a Jbllity of my le?u;nedr fiiendt (Mr Ogden, whom you have all so often heard, and whp states his case, usually, in such a manin r, that, when stated, it is alieady very well ar gued. Let us see gentlemen, what the train of occuirences has been, in regard to our rev nueind finances; and when these occur rences are stated, I leave to every man the ngh to decide for himself, whether our present difficulties Jjave not -irisen from atj tempts to extend the Executive authority! In giving this detail, I shall be compelled to speak of the late Bank of the U. States; but! shall speak of it historically only j. .-My opinion of its titility,and of the extraori dinary ability and success with which its"af flirs were conducted, for many years before 4he termination of us charter, is well know n1, I have ften expressed i, and I have not altered it. Buf at present I speak of the bank onlyjs it makes a necessary part in the historv.of events, w liicit 1 wish now to recapitulate. , ! Mr Adams commenced his Admimtra-j-tioifc in "March; 1825. ' He hd been electee by the House of Representatives, and be gan his career, as President, under a strong V Pow",!,t Ption. From ;the very r urai uajf, nt vas waning cvtn . viuieiuiy opposed in all'hist measures; and this oppor sitioi;, as we alhknow.contmued without a batement.either in force or asperity, through bis whole term of four jears. Gentlemen, 1 am not abput to say whethertlus oppsi Y '"ge c.rcu auo,,, i . i t.... 'aiiu.iiaU9av.uug u vaat uusiucso iij oav. uuiiyr. character, conduct, and manner of ad tuihistratjon, were ail well known to the twhole country - L ;-Now,there aretwo or three things worthy ot especial nottce. Unei34thtt during the .whole of this heated political controversy, from 1825 to 1329, the party which was en deavoring to produce a change of adminis- jferenre against the Bank of - thfa - United States. If any'thiD2, it was a favorite with tho party generally. Certainly, the party, as a party, did not ascribe to. it undue attach- rjoent to otner, parties, or to the existing Ad ministration j - Anotberiniportant fact is, that, during the whole of the same,; period, those .who rhad eepcjilsed theicause oT Gen. Jackson, rand who sought to bring about a revolution I" : t k r -. j?a' '..-h. - js unacrnis name, aiu opi prospose ine ue sirueuon oi me nanKpr us aisccmunuance, as. one of th oyejetsrwch wereto bd ac compiisjied b? VlhVptopuset)9. revpiution. Tfiey did not tell ihe'cbailiy that the bank. w unconstflutiohal; they did not declare it.nnecessaryfKy;drf not'pro'pose to get long with out it, bee they should' come jho leMheelfes. : Ifindjvidu.It .ei); nVacboHbUdseltes. : The party ? as a pa- . .--w , . , .,., .rT- tyjavowaaTioneaycnr ;-a nirq tact wof-. ihv of alLtlotice. ts, that dunotr ihis oeriod . there-Vas iA coipIaint about 4 thecnirencf,Aeitrreriby t&e -country, or by the party, then In opposiljoiv - In March, 1829 Gen Jackson, was inau- curated -Hevcame in on professions: of rM form.-- lie announced reform jbr all abuses' I ' I Kin. II? I 11.11 lt:i II llffll rnl if I J I.MIfll lllllllfrilllK - - - - tqrl drolDtsioiof pndt.inl huf ifaufrtiral address lie potnte'd OMt the matiS sujjectspi t fcls i eCoin,at ; the Jtankj ??j P9s C theni It ; was not sard the (jfnlt as I un tin nectar yox Tuseiess.1 1 i was bt; sliBl that Jo LblSses to be lefbrinedr: V I itt gentle rnenfljne; months oogfit a wondertul change.--.Xew liohts brojie foiUi bejfi the grefs ent Is Hir np. - . ' H - ' i - F 1 lAIthoimh the .bank bad Ihen fire or six j eu iue, "attention pi upnress, very poinieu ly, jto'the subject andjdeclared i i r" 1. That the constitutionality of the bank waswell doubted by 'many. a 2. That its utility qr expedtencry was also well. doubted. . 1 k ' S. That alkmust admit that it had failed in the undertaking jo establish or main-J tain a sound and uniform currtnc? and f 4 That the true bank for the use of the Government of the U States would 1: a bank ; it hadiled tocHUbatXbajLfeeen hopea poiniea inos directors, tnus recoairnended or expected ffot4ltrli;Teard.tdhVcar cj; W ".L 4- '"-"''-tti cd;l itYafpihia In' March.1829, vlhen, tine1jank atood 'of. ithecasuryj if fit haUiemded thfcirei weiltery weliVWith the ejAdibmisir areaUreJjr, cojistitutlonaj, Ifee frdqo political HnefjrQnavj9n Kan; iipariy taint, and ui;uselul.k li&d; 4rjdeenf institui; if-it batfone this, fresiaemtin ti is message " io vou-r i urauuiuc. i,ui iuivu.iue uaiiK, as jn Jjeceaoervi os 9, ijei aery;; -o i tier-1 ( iiuepeoqepce. pi i reaso r.jjt con fficriiatTe. and ma hi fes ted vert different roi. anqita elevation ibove'raere tDsri which should be founded on the ven?ns ; members voted for the bill. jTlie Presi and credit of the Goternment itself j These dent iave it hi& negative Stand as there propositions appeared to me, at tte timers j very extraordinary, and the last ouefis very J . . .. i. - i startling. A bank, founded on the revenue and credit "of the Gbvernment, and man aged and administered by tho Executive, was a conception which I had supposed no man, holding the chief executive power in his own hands, I would venture to pul forth. j But the qtiestton now is, what had wrought thiS'great change of j'eelinj and of purpose in regnr,d to the bii4 ? What events had occurred, between March arvd December, that should have caused the bank. si con stitutional, so useful, sd peaceble, and so safe an institution,? in the first of these ihonths, to start up! in Ihe character of a monster, and beconie so horrid and danger ous, in the last. f Geittleuieu. let usSsoe what events were which had intervened. General Jat'kson was elected in Decem ber. 1328. Hi term was to begin in March. IS 29. A session of Congress took place, thereforpj between his election and the co'o'isciict'ment of his aduiiuistratiou. Now, gentlemeii, the truth is, that dur ing Ihe session, andja little before lun com rneucefnent oflhefiiew A:iuiiii!sir;itnjii, ii disposition waVmariifsled ly political .. n to iftttrfere with, the rnanageuieut r lUe hank. Members ff Congress undertook In noinmatpor ruCOuirnend indiviuuiils as rectiors in Ihe branches cr ofliiu s of the bank. They wert kinO eno'tigh; souM-times, to m ike out whole lists or tickets, and to send them to Philadelphia, roniaiiiiug lb names of those whose appointments w ni.i,j le satisfactory to General J icksou's friends Portions of the cprrespou hmco on the sub jects have been (published in some of i.'it voIumirMJUS reports and other documents connected withi the bank, but perhpe have not been generally btedc i or notn-.ed A first, the ibank rnt rely ecline'!, as gently as possible, complying with t)J,t &. similar'. requests!. But like applications gnn to show the.tns'elves from many q ui tersi and a very ! marked case orcurrel . rally ail June. 1829. . C itain meinhers .f i be -Legislature of New -Hampshire applied for. a change in the Presidency of the branch, which vf as established in that StiJe A member 'of tfieifj " S S -.; ie wrote both to ihe Prtstdent ofl'the bank, and to the Secre tary of the Treasuty,strongiy recommending! a change, and. in his letter to the Secrelarv hinting very distinctly at pol itical .coridiier- ations as the ground ot the mtivenient. Otiier officers in the service ul t!ie Govern- merit took t'n interest m the mlter,&. urged a changejand the Sccr tary hunselt vrole the bank, suggesting and recommending it. The time had come, then, for the bank to tke its position.! It did take it; St in my judg ment, if it had not acted afjt did aet,"n't only would those who had the caieof it have been hghiy censuiable, but a claim would hare been yielded to, entirely inconsistent with a govern met of laws, and subversive of the .very foundations of republicanism. A long correspondence between IhaSec retarr ;pf-the Treasury and the Presideutjof the bank Ensued The directors detenmn- ed tliat they would not surrender either- men ngnisor ineir ouues unne cop ir 01 or supervision of the i Executive GovernmenU 1 ney sain iney tnaq never appoiuiea . oirec tors o( Iheir branches on political grounds, and they wouidt not remove them ,on such grounds ' They I bad avoided pohticsThet had 50ught.for men of business, capacity ,fi- 4 de'.ity and experience in the management of j pecuniary , concerns. , A hey owed duties, they said, to,-the. Gove rnment, ' whichthey meant 10 rrfdrbi faithfully jmd impartially, under all Administrations ; and : they owed luties"lo jtbe stockholders of the; bank. cuu9iucratiuus.ia ineir aDDomiiDPni.- ; U"Thts correspondency ran along Unto 1 the !. fall of the v earl a rut final! r Iprmniif.il in . stern and unanimona de'rUratinnl mmAa k- to the Secre-! unr of the Treasury; that the hank n..M j rontinui to be independently odrmclitered, and Uat the directors once for 'all refused van ' i w m -m . - ,- .ar w mm to a4bmit to the re?Dervision oIihe EAoi i Uverauthorityfio any. otaUblanchesTin jThbreltltiirjrdecided -I or -the j. futarSt Hbslilitt -towaMitihe ier PPojf Jlhe Go?ernrnenri aid t!iu,inessaje oi Yecr "erV l cKi ras ne clear a n nounce rrient of khatIicf :CK4heDftlid Tertftrerhhngf of opinioa; as .to its tonstitut HiUly,iUit3r;andj effects roa uyie currency, wqi jld hava happened be-' PJ rpoSEfSJ-jJo w a to the end of its charter. and dowii eytn td the Present day, jt has been llie SUhlGrt till hllh lltA KpfiX'lpcf nlirncnanf party! denunciatioi. - have been! plentifully appii. I . J. :'. -:V J-' 'T. v' ,Bu Congress manifested no dispositton lo esiaDiisnreasory baiik 'Un thecon trarvJit Was satisfied, and so' was the eoun- try rnosii uirquestiqnabiy, with; the baaS Ihen existing. In t the summer of 1832. Congress passed aVact for th continuing the chafer of the bank, by strong majori ties in both Houses. In the House 61 Rep- res-en iatives, ;I "thtnjt. two-thirds of the " . . r were not two thirds of tile Seriate, though a largt: nwiniiity were for it, the bill failed to become a I iw. But it was not enough that a continuance of the charter jol the bank was thus refused. It 4tad the deposited oftthe public money, and this it was entitled to by law, for the few years which yt remained of its char tered term. But tljis it was determined, it should not njo. At ihe commence ment of ihe session: of 1832-'3, a grave and sober doubt u'lii expressed by tlieSecretary ol the 1 reasuity, in! his Uhcial Communica tion, wheeler (fio public moneys were safe in the custody of -the Bank ! I confess gentlemen, vvl eri Illook back to this sng- gestion, thus official ly made, sdserious in its import so unjust, if uot well-founded, and so greatly linjuhous to the credit of the bahk,cv itijilnotis, indeed, lo the credit of the whole country, U caaoot bul wonder that any. man intelligence and characier should have been Villuig to make "it. I read in il, however the first lines of anoth er chapter. I saw bn attempt was now to be u'ade lo remove the depositee, and sucfi an attinpl was mqde that very session. But Congress was p.ot f) he prevailed upon lo accomplisti the id bv its own authon- ly. It was well ascertained that neither ll ;:e would eonsCjUt lo it. The House l Uepreseuiaiives.liu'ieed, decided against the proposition by a very large majority .. Tiie legislative sjui'i'T uy having been th is iivoked, and iiv ketl in vain, it was resolved i- streien 'arther the long arm ol Executive . power.aijti by that arm to rea-'!i ....i ...!... .i. . .: . A. I. . 1. jl . t-'u Mrihe i:;e vi.'ii;n. ji so ir-'.ppeueu uiai 1 Was in this cuy i() May, 1833, and here ic aue 1, from a very authentic source, thai life ; iieje.ies vv tujd he removed by the President'', order ; bud in June, ;;s after-wards--appe-ireJ, order was given. Now 11 is oi:vio4?, gentlemen, that thus :ar liie e?iait2- ;.s in Our lmaucial an.i "fiscal tll'ccild, not bv Cvmires,bui aSt- 111 Were IV the Jixeci'.li vt. Not bv law but bv the wi! and p wer 1 i;e President Congress a .utw-oa ve coulin oauk, bul toe Pies ed the charter ol the tieut negatived the biH.1 Congress was ol odinitm lhai the deposites 0 ... 1 M ought not t. be removed ; but the -Preai was tins ail. deiit remo ved theUi- A or I IiR rmhlif iiiiiwv lwiiior uit.iiir;vvn Irmii 1 f- iheicustudy wn.ch ihb law had provided, j by Executive powtr alone, lhat same pow- ; a taavsBw mm v v a a m mm w mm a a a a i o i eiuif wu.iuravn irom er selected the places lor their future keep- . r j 1 lllff.i Par'icular banks, 1 -to 1 iMiu" u uer w . - . - . I . .. 1 I IT . . I. .1 1 T.T18, ' especial anu pariiqutar arrangements were made, and the public moneys were deposd ited in ineir vatdii. Henceforward these selected banks were to operate 611 the rev enue and?credit of the Government : and tids the original scheme promulgated; in the 'annual messajfe of December,; 1829," was substantially carried inio effect. Here were banks chosen by the Treasury;;' all thei arrangement! made, with them made y the irejasury y a set ol duties prescribed to be performed by them to the Treasury, arid these banks wjere to hold proceeds of the public revenue. the whole In all this, Congicss had neither part nor lotrhNo law caused the reniovalof the de posiiesj itb law had authorized the selection ofdeposite btale banks; ho aw had prescrib ed the terms on which- the revenues "should be placed irisudi banks. FrooUhe egining of jhercfiapter.to tne end jt was alpariEx ecilii ve ed ict .aA nil now. re ntlemen. I aj k if it be not remarkable that in a; country proiessiug-10 oe naer a government ot lawi; such greatajid;imporianr changes in one of it most essential and triial interests' should be6;obgirabbuT;.thoot ; ny change of Jaw. vtotau1y "enactment of thei Legislature whatever JIs .bcha pow er trusted to-the Executive of an V Govern ment in which the executive is , separated by ; clear St weUdeifled lines irom theg islatiye department LTne curreney;of the countrystandsron the same general ground asitne commerce ofkthecoontrvBoih' i are inumaifiWi.nnnWtAdanil h,th areubi jectsj ot legal, ndttfExecutivef regulation 4 m z . .a . a . ; 1 It is worthv nf tiniire. that the writers I "of ihe Federalist? L' klinisinlthe Dowers gen i which Uie teinsiiUition conferred Jr ohJ the,'rnie 1; aa' putting this atthiect, mwbich all xvraiueai. maae it metier oj cpmmeiuauuu V a. a - J . . bv a... m merca oj.cairencr.of the ctninW" ' nA- -s i ?"jere " n6Uhliehlcal w - no" s cen ibat ihe iresident. Tit.o 1v0.p"ial PaE?r niay te'receii ed fodebu at the aet0 prqcnbe-lhe rule con cej n a tne" cu rr,ency?He iffla'k'eV it an anothcrHe. maSes onerute Sfor thP; Tti: ycuwen.oj .fflJOlhqrjat'eOTiiS? icer lain pu bl ic ihbp eys: Ifnalset! thea of Ju y l placingrthe"sujcvrtder legal con-J lroI,esiratnitiihe" power othe - Execu tive, aubjectong the bauks, 10 liabilities ahd duties on the Jine;hapd audeictfring Ihen agaihst Execuuv'e favoritism nlh'e bluer. P1;118"0!6 a.notufj important provision 1 wh'rch was,that the mouiy 5 $CTfeasihy, beyond what, was eQes- sly for. thtr current expenses of the Gov ernment, should.? be deposiietl wi ih the S'ates. This measure passed both Houses by very onus ual. majori ties, yet it hardly escaped a veto. Jt obtaineuNnly a cold as sent, a slow, relucant, i and jfiesitaiing ap proval ; and ah early moment I was seized to array against it along jfist of objections. But the law passed,' The money; in the. Treasury, beyond the sum of five millionr ,was togo to the StaWs ; it has so gone, and the Treasury for Ihe present ia iehev ed uv'm the burjhen of a, surplus. But now observe oilier rcoincideiices. jln the annu al message of December, 1835, the Presi dent quoted the fact of the rapidly increas ing sale of tfie public lands as proof of high national prosperity. He alluded to that subject cerlamlywith much satisfaction, and in apparently someihinj of the tone of exultation. Theresas nothing said a boul monopoly, not a Avord about specula tion, not a word about pver-i3ssues of pa per to pay for the lands. All tvas prosper- ous, all was full of evidence of a wise ad- unnistraiiorj of government, all; was joy and ; triumph. r j ' - But the idea of adeposite or! distribution of the surplus money with thei People sud denly damped this effervescing happiness The "color of the rose was gone.: and every tiiing'now looked gloomy and. black. Now I no more felicitation or congratulation on accouu of the rapid aales of the 'public lands ; no more of this most deciiive proof of national prosperity and happinessT The executive muse takes up a melancholystratn. 011c aiuga ui u'uiiwpoiics, ui spcvuiauuil, OI worthless paper, of ss; both of land and money, of the multiplication W bankSjhd the ddiigernvfj)aper,isaues f& the end bfthe canto, the calastropher is, that laijdsshaU uo longer be sold but for . gold land sil verra- lone. 'l'he object of all that is,clear enoufjh J 11 was 10 (iimtnisn me income irom tne public lands. But no deftireior such a diminution had been manifested, so long as ihe money was likely to be J sufTered to remain in the Treasury. But a growing convction lhat some oilier disposition must be made of ihe surplus awakened atten tion to the means of preventing thaS sur plus. :- " ; Toward the end of the last session,! gen tlemen, a proposition was brought forward to Congress for such an alteration of the law as should admit payment for public lands lo be made 111 nothing bul gold and silver, 'l'he mover voted foriis ovyn pro position, but 1 do not recollect, thalany oilier member concurred in Uie vote. The 1 --, - .1 . .. 1 u r ' M 111 lolifr issfs. Ib.-ii whifh I7nn(rrps& re- a iMitciliiiii ti'aa rt-ijt3l at rt ft hut fl c fl,sui 10 do the Executive power did. ten . itlJt .i:... 1 1. : 1 . ' . . . . ., r . 1 , ? . r 1 in ma pr niMiirp 11. nun nnvintF triiikpii ui Bct , , iliakiiig any alteration in ilia t-tn(T . rr5.irv nnfef was issued U' , .1. .1 k .1 commanuinff that verv thin? lo be done. 1 o o - I It 1 . 1 . 1 1 1 r . 1 w-.. t,. ww- ' ur iiin ;nnirrp noi nppn rpn mp pn in f : 1 1 had refused to do Just as in the case of the removal of the deposites, the Executive jnver acted in this case also, against the known, well-nndersiood, and recently ei- 1 !ii .r .1 If . 1. U presseu win 01 me represeniauves ui wic Peopled There never has been a moment wlieii the legislative will would have sanc- Uone3' theobject of lhat order ; probably never a moment in wnicn any iweniy tnui vidual members of Congress would have concurred in it. The act was done with out the assent of Congress, and against the well-known pinion of Congress. That act altered the law of the land, or purport ed to alter it against thewell-knownwl of the law making power. ' . -. :" : . " THE TREASURY ORDER; v of one, T confess I see ho authority whatever In the Constitution, or. in any iawT for tb IsTreas jury orde r. "Those who hate undertaken to maintain Uhave placed on grounds nofbnly differenUbutincjpn'sis tentand contradictory rhe. reason which giVesanother rejects : 'one fconfutes what another" argues. Willi, one it Jstbejoiht reiolution of r810?knich gave the !auihort ; with anotherjt.is tbelaw ofJ820 ( with a thn4 itr is the gejierali upertntend rng power of . the President and this last argument, since it resoiveajiseu inio mere rfoer; without stoppifig toJpoinioiTMhe aourdes -of thatpowerisnoionlf ithe shortest, but ih tret b the inost'just. lie is the most sensible as welPas , the most candid reasbher, in my opinion, who pla ces this Treasury oyder on tthe ground of lha pleasure! of the Executi vei; and 'stops there. I regard-the ioint. resolution" of i" 18lt$ as iandatory5 as prescribing a legal B)a aaiia Aaoi A am a a aaVa a tnlatMai V v A WTflTi r ( . m uaes.uvcc'au auu;c, is one. oari oi ilia i I reiirv ;rtfti.r .f eocrsreuc coaracter. wiiriso I 1 JiiiylasL. : - ... v prr,cAw e country! regard -u anas, nisrressi inieriereu. "ami nn. . : . - r rr dertook to reffdraistihe . deodsTfea uf the :""":.Tj- vuawm-uuusc ui iuai ffoiu ana silver one 8.?U b?,cpi?ed at the landoiliccT. Ah'd At the cemlmer iepmfl?it "nf'tW ! mkm s'r . " ": the cemmerceraeat cfha litRln'" ; .yoa kiiow, gentlemena tesolatlbfi :waV, brows ht Xj forward in llie Sepate f(raniullrnrana-abra.V - f . auug, v gnueoiant oss fioxn the. - . auVa.poUie in7s- sriyi,vu IIII4. . if Duaeve, wur anxious, in soraewavf in cti rfi'Tii,.- W aar.a .a m m.i . . v j aTm ? -. - J - O a'W ao VI softened, modified qualified ryrder; Bai it Ewing's r-solaflotT jvss luo direct. It was deeme4 Vpoin5- and an2racio atiacliQ Executive policy tbereforeOi must be bathntif'mevvrer,' and to'-iaf' 1 surae a plaoiible, pohsbednraTensive cbitacter. 11 was jccoraipgiy put intvTthe plastic hw.a of friends of, the Executives to 'be moulded and fashioned, so that it aoigbt: naveMhe'eflect "uf-i riddinsrTlhe cbontrv of thehnoxnnj,ir .rri yet not appear lo qaestvon Executive qfallibil ity . All this did Cbt answer. The lata President l' is nut a man to be saiisfied with toft word . he saw in the measure, even as it, pasitd tbe ' two Houses, a.subsiaaiial repeal of the order. A He is a man ofboldnes and decision ; and he ire- spects-boldaess and decision fn "others If ; ycu are befriend, beexpects mi flinching ; ;'d-if yuu" are bis-ad Ternary, be respecisyoo'Lwue the less for carrying you opposition to the fall limits of bonorablej warfare . - Yi' f v - Gentlemen, I most srneerely regret the coutss of tbe President in regard "16 this 4311, and-cer- taioly most highly disapprove it. But I do'oot " suflcr.the raoriificatioa of hivjng aiieraptedi to disyuise and. garnish!, in order to make it c cepiable, and of still finding it throw n back id uiy face. l Alkbat was obtained by this iogen- ; ious diplornatiCa 'aDd over-eoorieuus mode : of eiiaclinjr iiwwas a response from fhe Presi-' -dent,aud Attorney General that the bill inques tion w as oboicureill-perrned, 'and aot easy to ta undersuwd . .The bili, f herefore, - was neither J apprpved oor negatived: Ylf ithadbefen ap- ' proved the Treasury order woald be anf.ulled, ihough in a clumsy and objectionable manner ; if t negatived, and returned to "Congress, no doubt -it would have been passerby iwoahircTs of both j Houses; and 10 that way become . a law, and ab rogated tbe order. ' But it was .adt approved, it. was not returned; it was retained; It bad pass- edHhe Senate inseasoo ; it had beep sent tu'tha House in jeason; but there it as soffsred taliel soloogTwiihout,. being called up," that it ws,s 5 completely iq ine power 01 tne President, whea it finally passed that body; since tie is not vblijged td return bills, which be does not approve, il not presented to;him ten days befoie the end oftbe session. Ihe bill was, lost, .therefore, and tbe Treasurjrprder remains in iirce. Here, again, f . the representatives of the People in both Houe ' of Congress, by roajoTiiiesadifnprecedeated, 4 endeavored lof abolish this oboxjous ordet;' i On tardfyanrjr"isabjeet, Indeed, tVpmtpntttrTO unaDimous, ei tber in or oat of; Congress I - Yet ? ? the order remai ns,T; i .'...'ff,, "And noweutlemp.I ask you,4 task all men wba have not voluntarily snrrendefed all power -v and all right of thinking fur themselves; whelu-Iiv, h er,fntn,Il 832 W ihe present moments ihe-SEf e- " cull ve iuthjty has not effectuaHy superseded w the power of Congress, ih waned the will of the representatives of the People and eyen of. tbe ' ; People themselves, and taken the whole. sob 1 ject of thecufrency into its owngrasp ? In 1 832 ,t)ongres3 desired to continue the Bank of the United States, and a majority , of the People desired it alsoj but the President opposed it, and his will prevailed.. In $33; Congress refused to remove the deposites; the President Jre solved upon it, however, and his willpreyaile'd. Con- ; jres bad never been wilting to, make a bank, , founded on the mney and credit of the (iovern ury selection of deposit banks. In this parties ular,,lherefore, to a great extent, his will prevailed?- In 1S3C Congress refused to confine the receipts for public lands lo gold and siTver ; but the President willed ttanoT;hb WilPprevail- r ed. In 1 83T, both HuusesxjJ Congress, by more I than Iwo-ihirdS, passerf a bdt - for resmrrng' the former state of thimrs. bVannolbnc- tfie Treasu- xy order; buybe Prevideat willed, notwithstand ing, : bat the order slAwld remain in .force, and his will agaui prevailed I repeat the question, therefore, and 1 would put it earnestly to every inteJHgeiit manr la every luverLof our coasliiu tional libety, are we under the doroioion of ihe law, or has.lhe effectual government of the conn- " tryf.at least in all that regards the great- est interest of the curreocy, beeo in a single hand? -$-in '-' ' Gentlemen, I have done witft, lbenarrative of events and measures. I have done with the his-' . rory of these successive steps in iheprogress of Executive power, toward a complete control over . the revenue and tbe corrency. !; 9 " The result Is bow before us. f rhe pretended reforms, these extraordinary exercises of power from exUraordfnaryaieal for the good ot the peo- . pie what tiive they broughtns to ? .V - t .We have, without all doubt a great amoqnrof specie in the couotrv, but it does not answer its - accustomed end-rit dues not perform its proper duty. It neither goes abroad to fettle, pauncea against os, thereby biet tbose who have, de maods upon us; nor is it so disposed of at borne as id sustain the circulation f the - extent hich . tbe circumstances of the times yequ ire.? A great pari of ft is in . tfie Westera baoks, ia the land ofiicea.. 'Anather portion is, in tbe hzaid buy ers and sellers of specie; of radijn tht West, who sell land office .money to tUeiewr settlers -. , fof a high pretuiuniU Anoiber TprtioOi agafo, u . -kept,in private handsto btfised wheo arcuia Stances shall tempt to ihefporchas: of landj And, gen iemen, I am iochsed to rbiak, load has been Ttbe cry about hard raoDej. & so sa wp-. -io thadenuociiiion; of s paper, that private holding or bearding, prevails ,ro itome tnt j-.fr!,. nartanf the- conntrv. 1 hese eighty .:ir..ir.au: thrforerreallirdooa little I 0- If.- ffood We are weaxer m wi cucuihi L a rtur credit Is feebler, I mooey Is scar- BMV f - - i . f m at- cer with as, al thia mooxeutj than if twenty aiUioosof this specie wereisbipped to Eu rope, and general confidence j hereby festorv . " '"-.' ?&'? Ji- - Geodenjen, I.will not sayf that "aoma- degree of pressure might not rjave coma opoa ws, 11 ae Treasarv orJer had not been issued. I will net say thai tbereV has not beeai over-traeieg and over prodoctiOT, and aiooeatexpansioo uf iiaof circtthibr alt be so, and th ment, and administered of course by . ri.xecutive . hands ; butrthts wasHie Prenident's objeel, and . -he attained it, in a creai measure by theTreas- It 1 t m 5 ' J t i. ! f V VfTr!t '.-f f : form. lie aunounced tefbim orall abuses' liverauthorityfio any. oTaUblanchesinViri fMZ. C0MMISS IOISERS;;; to b the great aid leading ibject of:bia tV! t$g ppoiBtacb .if-ibjal direacri ud a- ?P j' ! s- v- " ; I L; 7t. - .- ' - - -tar m, I - ,4 ' W' .- fJ'' - 4 Jat I J J, jm 4 i j ... - j . . i ...i . .--' . -arr .i J i- 5, -. . '' . ' - " ' i , rw . -" - f. . r '""7T , ' ! J'.. n ly I
Carolina Watchman (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 27, 1837, edition 1
2
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