Newspapers / The Weekly Raleigh Register … / Nov. 6, 1837, edition 1 / Page 1
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v ti!Bl$25I tBllffilSS SSTa Abich there can be no pretence for charg- EPiToiAKF'oliTQBtif ' the adiiuwstrati0n 5 and besides, it was v " notulie direct actiotjj of this measure adop- ' ipEtfcirrsI - ted by the administration, but the conduct feuaicftirtrioxi. tljfto dollars fj&iajunr-ono fadf in -advance. -' '"' ' 'v-- . ' -(jjf Persons residing I withotttnhaState will bo of the States themselves, in the exercise of their free; sovereign7 power, in. charter ins ianks over which the administration could exercise required to pay the wm.4mouiit; ilia year. measure wi ,uUcription in adeV ! T of mischief: - m I r- I no control, which armed till ail its supposed "power IiATE$ OF ADVERTISING The next measure wnktr can properly everv 16 fines (thiM aizz iV first insertion t be called an administration . ioeasure, to n dollar ;.eichib9equeiitliwertbn, 25Tnts. LwhipK misdiief isprtteifiw Ihef, Specie The Advertiaemento'of Plernd . Shewittl 'r ",,c u -Willing inat ijicscui inii wast ouiinuis- be charged 25 per'cent. .higher; and a, deddction of 33 J TJjeircen'C Jiri& be made fVomthe regalar j prices, for advertisers hy the year. , - . flfj I.ttkbs to, the Editor must be, -post-paid. w I Extracts front the Speech ofMr.Sthxxpz, of North Carolina, on the Sub Treasury Scheme. Mri2PaiESifKNX iufThat , our 'Country is tration, should be made fully responsible tor it. " If it be true, (ami lioone, I fancy, can deny it,) that the evils of the ' Uiuea are tne ensuring oi speculation anu over is sues of banks, it would seem: to, follow thalauytmnjr which had a tenueucy to check these causes in tiie full tide of their action, iriusf iiave mitigated the evils they were prpjilue.rhg, and partially averted the catastrophe they were preparing. Surely the fanck- -speculations have contributed largely, to Jhfc evils uf the times; surely extravagant'bijrtik issues have stimulated, sites did "not, at the utmost,, wjijtch the blood anil toil of our forefathers millions of dollars, was competent to tliet'hafctfeeir so liberally poured ouand ex- production of the utmost derangement and perixled, wasfaat becoming an unmeaning distress in the money market. What; tiling -a?&ead letter ; but thejpreseht crisis then, must have been the effect of. the re .awakens us1 to a sense of our present .con- moval of near forty millions from place to dition, and"bnngs us to reflection. "A lite place; scattering it from one end to the ral construction of that iacred instrument "other of this Wide" continent; substractirier which we have, all a worn to surmort. is. m h from those channelg -of trade, where, by my humble judgment, the only rational the laws' of commerce, : it ; had found its ground of ;3&pe for our happiness as a na way,and forcing it where no channels were ; tion,f the only guaranty against the evils of dpenvfor its reception, and whereconse- anarchy, violence and fraud, with which quendy, they must be created by law. we are threatened. through schemes hurried into existence Having thus jrjaneed at the causes of this merely to find employment for the unex- crisisin which find ourselves, I come .pected treasure? You find-the States in next to consider briefly its iiature. But different parts of the Union, beset with de- yesterday we boasted of an overflowing vising plans for disposing of the .money so -Treasury, and were at our wit's end for a uucAptttciu puurnig mio uieirap, wnite 4 piaceimo wnicn n mignt pour its supernu- those.froni whom it was 6ubsacted.?.are parting, as it were, with 'their Very' life- blood to supply it to thdee wno jhaVe no use pns iiches. Real property was in demand at most extravagant prices ; labor was high and-the produce of the soil repaid to their nuance pf the present deposite bank system Hlikely to tnet with any eo-extenslVeagpnt with some modificatibns ; and lasti, tjie vdf destpictioi and tltomtt ;' plan recommended bvuhe Presiucnt am siderablerill' LSecretary of the Treasury, and proposed the CTeat ri uy me voinimiKJe on rmance, oi an indis" mieu tnuuuiws, wu, iiu w rn r mi 1 J r 1 tn; ' AJ:iR'".;wr.:iI"'-.V,! FEXDEXT x KKA.su RY l ne nrsi OI tnese auufireyy. tiuiea ui mwuuiy:. wiumui j has probably but few advocates, aha&: disappoint you in tb&'"use . oVyo&.&&$ ui , not been.4istinctly brought forward by anrhaHd, f6r .it will be in dieol-bWta-thcr j one, but we well know that the anxjoas kmost unchangeable and indVsjctepfsb I eyes"o,f some of this body are turncidHSfit lunarythings apd therefb so fitly on,-" ; as the panacea, the ereat catholicon.t-fof all as standards of value. Beirfc in iher Hands' ' I political disorders as the only instrument of the immediate,agents of tu Goyerjinit,v. tnreugti wnicn tne country can oe saved ; no party commnation can De 8iroB.enougu - and we have heard as much from the gen- fvithoat an actual revolution, to dtvprt 'h;; . ; tleman who has just taken hi3 seat. ! But from the use tp whjtcii thvpele, through to this measure many objections" present their constituted representatives shall think. themselves: First, public opinion is, asl prSpef tp direct its applicationnd tiwey i believe, decidedly against it, and that, aa.r subject those repiiesentetiyes4her have already said, isaflat the test to which nMion than that of the wilt orgeat1 fetnsiin j every act of this body must be brought. ents, constitutionally exprcs?edvIite Secondly, the present Chief Masristrate of can any crreat dlftidulty be interposed; fey the nation stands solemnly pledged against! thoe who may be your depositories, in the its - '-', m "AS the States-have deyised some plaiMfbr its au5uJJKJn inio Aim local jctrcuianon. .ud do gentlemen rack Jheir'im aginations our merchants were daily becoming rnilji onaxres, rivalling in splendor and luxurV the princes of lands where that title mayle i m m for it. Aeahtiirie theoney; lies idle until hearts 'content its industrious cultivators 4at," and must, of necessity, ve.'o a bill for its way of delivering" it up. fhere will; be ii& now m a most extraordinary and interesting -if mvtdot beeu the very food, of the : rriMS, seems to Dectmceueu on an naiuis , snecu ations. bes de laud speculations, besides haviuti been the parent of Oilef great and numerous evils Dkl not.he Bpecie circular check the 'land speculatiouif Did not ijhe sjieeie circular check the banks in their career of xpan3iyn? If not this, it did nothing, and it is an idle subject, either for praise or censure. But it did this, to some ex tent, and in so doing effected good; and niy only regret is, it was capable of doing so little. - Its effects have, 1 believe, been overrated, both by . its meuu and its and the public, mind is greafly distracted alto the causes ot tins crisis, ; us nature ?and the course it behoves Congress to pur nae under it. In this'state of things, every man to whom a high trust is committed in relation to these subjects, and especially each member of this body, ought openly and frankly to offer his views concerning them. By public opinion all the measures adopted by Congress wust ultimately be lesied, and that public opinion msyAhvfi hrir play, and Our constituents an opnoftu-' eueraies. nity ofjudgmg of the tidelttyot tliere- know of no other, measure which can presentatives, oh every measure'so tmpof- justlbe iinputed to tiie ailmimsirdtioii, Ufti as the one uuder conderationthe auQ t0 w,ich any ettect can besenbed1 in awns which liaye determined them should tie production of tlw preseut c isis. But accompany : their votes. ItUthiconsid- there are two measures, which 1 shall eratioix that impels me to ask the attenUm uotice in their order, having vast eificien- ;afth&$enaUe on the present occasioit, Xor 1 cy in bringing it about. Tne first is the "IknowJiuU well that I might as well ad- act of Congress passed in 1834, for alter- dresstle roarbje)illara which surround ig the relative value f gold and silver. BV as this honorable bodywith any;r?so- ihli raeasurc met ; i believe, with favor able nope oi onngm ctmvicuou io a mKie jrom all part,e8. lu the pre-existing state in would seek for the causes of the crisis the measures of the Government only. But I believe, sir, that the foreign causes which have affected us, and those measures at home to which I have adverted, would wind,, But 1 am solicitous thatpublio opinion 'should be sound m the Mate, which I have the honor in part to represent, and 5 while t bring my own opinions iri review before my Constituents, I shall make an fffort, feeble though it may' be, to furnisii them witli the reasoos on Which they are founded " a I have Said, sir, that three questions na tuially arise out of this criisA Jfat lts causes, about which there is much contra riety of ojnionl Many . resorting to the , method so common witn those wno are ue of thinirs, we seemed to be yieuliuu: to otheriiations a portion of (lie gold, which, of right, belonged to ourselves, and all parties patriotically uuued in reclaiming our banished treasure, and cordially adop ted the gold bill as it is called.1 Nothing could be more specious than tiie advanta ges tlus measure seememed to promise us; and 1 will not say yet, that its ultimate effect will not be beneficial. But its pri mary effect was to disturb that equilibri um which the currency had . found under the existing stale of things, and like eie- termined to find faultof usiu some gen- yating or expanding aiiy portion of a fluid era! terms of ceusu re, calculated to catch body, the efiect was, that it came pouring the public ear, and carry away the judg- over to find its level, aiid flowed freely fnentfLik'ithout presenting it wjth any dis- into this country, pther causes were ui tinctobjct upon i which it may exercise action to promote this tendency. Auie itself, charge it to turinpering with tht cur rican stocks, and American bduds were tency by the Executive ofthe Union. freely discounted upoii in England and The fornof expression, likeThost others, as the paperf currency of Eugland could upon political , subjects, in use among us, not be used here, the proceeds came over is borowed from England. It was freely i0 gold.. This influx of gold, in place of sed in that, country U,'!?S Mr. 'Vaiisitr occupying the channels of trade, which it tart's administration, ,when (as nowith must have done, had tliey . not been pre uj the paper currency being greatly. infla- occupied by p3per.m0n.ey, flowed into the ted, an effort was maje by those who saw banks, who, as well from tlie natural strug gle vortex rfurn towards which the nation gje betweeu their paper aud the gold to was tendngt6rescue it witlJMr.Can occupy tlie aforesaid channels, as from lung at their head, aud these were branded J the confidence with whicjK the presen.ee of by the Minister himself as tamperers with the gold inspired them, continually expau- tht currency. Experience, however,, tri- ded their paper issues, so that the more gold uniphantly yihicated-the former atjd con- came, the more paper was thrown out to victed the latter of.the rankest enipiricism force it out of circulation and into the in matters of currency Our modern po- banks. t Meantime tbe Bank of England liticians, not' content with Jhb use of the fouud h'er specie leaving her, so that from term as it originally came from the lips of October 1, 1833, when it was-df 0,900, the British ministervTiavadegradid it to a 00O, it was reduced by December 27, more fit expression oftheir own bitterness, 1836, to 4, 300,000, making a. reduction establishment, even if a majority of, both middle man to stand, between the fctoal. ; Houses of Congress could be induced to custodier of the moneyand fesponsibjdity j unite in its passage iand no one has the there will be no :community o batek' htoii(i 1 in searchupf excuses5, fthefi. one so adequate home. Suddenly, as - though smitten bv rashness to assert that it is to be" spoken contumacious ' refttsalt- comply1 -wi&:"liis . fpr Uieproductidii of all the phenomena the hand of some offended deity, or as if of as a possibility that two-hirds of these duty j no real qr-fancied inapiUty. rntr before us is so ready at their hand ? And ..all that we beheld was a, fairy fabrication bddies would concur in overruling the Pre- your demands ciified mexte when complicated" as it is with the opera- dependent upon some dissolving spell, the sident'a veto. Thirdly, such a law would of peglectj no hoestmen uncnciously tion of tlie gold bill, as I have already pre- whole scene is reversed. Our bloated Trea- in my humble judgment, be in conflict with enlisted by intent? byjgratebjut sented it, is not the wonder rather that sury, has collapsed ; the millions we were the Constitiution of the United States. merable insidiQuj appealsr,4o idenyiaiures - matters are tiofWorse ? But when we bring beseeching somebody to keep for us have Tell me not that the contrary has been set- be induced to step forward? arid oppose Ihef- these causes into union with the general disappeared, and the publi creditor applies tied by authority. The simplicity of that bodies 16 the execution of tiie lawsl iNcH causes Vhich seem to have agitated the in vain for payment in tlae constitutional instrument was never designed Jo be mar- party spirit can be rallied in Jhajit' commercial world, begmuing, I believe, medium. The possession of real estate redtry the comments of the learned upon it. delinquent. No sliout ofar triumpb wiiU in China, and affecting all Europe, both but marks the poverty of him who owns i' -..JkXSras intended for the;perusal of the plain- be heard to anhnate hi10ul(4tabqld defi- continental and insular, nothing, it seems the laborer is without employment, or toils est man iri the country, and that hetshould antee : but Re wilfstand aTbne,"a nspicUrl to me, but an anxious desire to find fault, for half his accustomed compensation ; our understand it without any farther ftelp than ous mark for that approJ?atidnwhicli fidelity; products linger upon our hands, a prey to a khowledge of his vernacular toaigue- is sure to win, or the; sewer .CjDndemnatwa.. corruption and the moth ; 'and our merch- Tell, me not that -in processt oftime the' which is as-certainly visilsdy" enlightened; ants send forth one universal wail from readings upon it aire to be so multiplied, public opinion j npoii a faitldess or fac4api Maine to Florida. These are the gloomy that instead of a pamphlet of a few pages, public; sery ant. " ' ' .. p ' . features in the crisis, and by many they volumes, must be read to find out its mean- The plan is recommended to --ua Jby its , have passed by us altogether innocuous or only J-are seen in their unmitigated darkness; ing. Nuthority for a United States Bank simplicity, according in this, with tleVhbl- nearly so, but for another cause. Gentle- but to me there are gleams of the most, is to be found in the language, of the Con- genius of our political forefathers to Tde- men have only adverted to what the phy- cheering brightness gilding the gloom, and stitution ; and I, for omv will listen to no prive Government pfulat raystrcism with sicians call the exciting causes of the dis- like the struggling rays of the sun upon the sophistical'refinements which may seek to which kirigcaft hary4stedit-It waa a ease ; they have overlooked the far more dark cloud of evening, come to me heart place it there by inference. Fourthly, such tended, that our important and radical cause an injury reflecting promises of hope and. joy for the an institution is altogether inexpedient, and be &o siiS'pje thafevery ci5ifeaaSali iaJte which has been suffered by the constitution approaching' morrow-. The crisis is full of totally inconsistent with the healthful action part in it;jaction shouldaajble of?com- of the patient, and such an one as has been assurance that the wounds of the bruised of our political system. As well might we prehendirrg it .tnat whosoyeicdidd read, far more instrumental in the production of and battered Constitution will be healed, expect the, globe we .inhabit to pursue the or hear .rca3 'our excellent CoiiStajpflcm, the present crisis than all the exciting cau- and that, stripped of all the extraneous ap- orbit marked out for itby the handof its Cre- should understand its meaning, and bejiljle ?3, ses before noticed. The history of our pen dages which have obscured its beauty ator, should some mighty comet come Within to judge of the fidelity .of those to whpnViu country has presented in its brief course and simplicity, it will be restored to its le- .the sphere. of its attraction, as that out po- administration was committed. The "ajin--. -. more numerous and interesting crises than gitimate control over the affairs of this na- litical system should q-uieuy perform, its phcity 01 this plan, then, is m beautiyil - other nations have done who could boast tion. So far as the Executive is concerned, proper functions centuries of duration. This is probably he makes to us the declaration that the Tium within its the joint result of the rapidity of our course h Constitution will, in its 'literal simplicity, reason urged with ... -i;,r 1 a ; I-fr- '4.-4: "i K-4 . I I .L ..1. It I It I-! Al . 1 1 1 i . ana tne novelty 01 me political proDiem we oe me ,sianuaru 01 its actions ; ana it re have been engaged in working. Launched, mains for the two houses of Congress to by the result of our revolutionary struggle decide whether they will stand by him in upon the wide waters of an untried politi- the noble resolution. I trust they will, and cal sea, we were without charts, and the in that trust, I feel that this crisis is One for voice of experience was heard accents to direct our movements therefore, was left to us but J A lacuuies we posseaseu in urawing upon a- nature of the present natogy for guides in our trackless way. selves of litde consequence and altogether with sucji magnum impe- conformity wHh the rest o thes system or1 imperxo, There is another j whictt it is intended to constitute a Tn, i : great force by the Sena- . But it has the decisior:otftime in its bt tor from South Carolina, who sits near m.ef half. For audit we knotO the contranrf . aind that is the triumph which would thus it has been substantially the ';'practi'btaU--f be achieved by the bank, over the govern- Governments, ,Xeept ur owrfup to tho?" I ment. 1 he attitude assumed by that ben-1 present day. 'Tq" Various jnddiffeationstit iwi in lciduun m uiuj nuuio Buujcvvvwuuc nas uouDiiess ,Deen suuiecieiii qui? even m ,1 1 ' in no distinct any tnmg out despair to the heart of the oi mgn moral sumimny, m wnicn ne nas England, a vvide space ts kepf between. tto- : i ri . Nothinjr, patriot. nobly sustained himself, both by hisjnat. Exchequer and the bank. : , ; i ii I !f to exercise the I have now adverted to the causn nd ter and his manner ; and the argument co- vhf, nprrftt jisflihilitv; nf 5AfU-' J " if':3l i ... .3 : r l 1,1 . i r ' . . -j cv T"" .rs . . i '-- crisis, matters ntbPiti- ullllS ul " wuum, uui vicm vs mfint Us kroner fnnrla iVwimt- -fLt out i pause to correct myseu : we nad a I chart, the most clear and explicit that the timid or skeptical could desire. But, alas1, not one of those to, whom has been com mitted the the helm of State, has scrupu lously steered according to its indications, but, trusting to his own sagacity, has given to the. vessel a wide berth, regardless of consequences; and7the result has been, that amid clear skies and smooth waters, some inadequate to tne time tney nave con-1 sumed, except so far as they may assist us in the. determination 'of the third ques tion,! namely : what it behooves us to do in the present exigency. The evils we have seen are two-fold : first, to the United States Government as a body politic af- such a triumph over the Government of his country, is ; an argument which does credit to the heart which conceived, & the lips which nttered it. The second plan-is the one proposed bj the Senator from Virgmia, to which he will not find many supporters from any real regard , to the plan itself; and if he hidden " rock or shoal, against which the slightest attention to his chart would have fectirig its vital principle, the very curremV succeeds in procuring its adoption, it must De mrougn ine insirumeniamy qi mose into whose motives it docs not become me to inquire. But as that Senator has ad dressed his old friends, he will allow me in their name to address him in return, arid to wani him that when; with foreign 'aid he' oi its existence, its nscai soundness : se condly, to the individuals, or some of them, composing the nation in blasting their present pecuniary "prosperity ana their secured him, has brought up the.astonished hopes for the future. These it behoves us steersman in his confident career. But the to consider with a due sense of our respon- yessel has proved staunch ; and wiuVnoth- sibilities, and, if in our power, to provide shall have succeeded in beating down his ing more than a cnange ot hands tor the for them a remedy : and here permit me to old allies, it will. not' be long ere he will control of her movements, she has stemmed remark, that the President has been most hear the shout of triumph from the rnarbj every difficulty, and pursued her gallant Unjustly accused of having recommended palace at Philadelphia. We would gladly, course, the pride of her crew, and the ad- nothing adequate to the occasion ; of hav- if we could, make common 'tfausgwuli him miration of the. world. The improvident ing indicated no relief for the sufferings of upon the ground he has assumed "; -but be- steerage of its predecessors had thickened the people. Will no relief be found, I ask, lieving it untenable, we have retreated with- dangers around her, more numerous than nn the emission of $10,000 of Treasury in the ramperts of the Constitution, and those which heset the fugitives from the notes fo be thrown into p.irmilation ? TFthp. should thev be battered into fragments a- f their: con ntry toi equality with jhe mean 000,j1f two-thirds of its jwhole , specie. I .destruction of Troy, when the late admin- want of a sound circulating medium be part bout our ears, and we Ourselves prostrated and contemptible employment or a ivucer. WelUmight the Bank of England become istration came to the helm ; it is not to be of the distress, will it not be thus supplied and vanquished, we will -cry out fxive Others -"come: forward and boldly specify alarmed j and she did become -alarmed, wondered at, therefore, that it could pur- to the amount I have mentioned? -And will the Constitution I live the .Hepublic. tlie measures of. Government which,astliey dgfused further tliscunts for Ameri- sue no direct and onward course, but was k not be' farther beneficial iri infusing more I have thus suggested some of4he objec- kay, hayeproduced all this mischiefs Of tanypurposes. -WJiat'could be more pro- compelled to adopt expedients to shun this vigor intojlhe whole mass of the circulat- tionS wfiichiresent themselves to myimindi this leclpprna one -can qoijUam . , ductivc of dismay?; Id .all conuected with rock, and escape that shoal, acpording to jng medium in increasing.the proportion of toWoofthe plans raid the question may : It is a fair, arid manly mode of treating the Hhat kind ofbuhess; than this deterrai- the circumstances in which it found itself, undepreciated currency to that which is be asked, and it is proper it should be ai- subjectM.apiala trthe high and mtel- nation of tJieBa-plt. : of England? Not Yes, Mr.President, it is td departures from already depreciated ? Is there no relief in swered, whether any of them apply! to the lectual faculties jpfpmr natur atitlioto only were expected future supplies cutvofi, the strict requirements of our Constitution, extending for four, six, and nine months, third and only remaining Alternative mea- r1' ,uwr"4n' T 16 ? r"'r-vr' f . wiPiuiat wucqueucc , oi jne uiai uiB unej, 11 not au, oi our uimcuuies -tne creoits upon tne duty bonds f is. there I' sure T and mYTesfionse is, no It is nofe . iipciriC .ciituajr wmc. .- ucauopi.uppiy, iciurn was uemanu- asa nation may oe awriDutea. it is truet no relief m giving to the deposite banks like the UnitedlSfate? Bapkf at -war with ue I deu (llWMPhail heen alrddv timshprl nt I thaLriissnnrintTTipnt nrirJ nlamitrr ia (hp r,rllH;ol f .i; u ul JL-I v.m 'rn. iti inw uc uuue. l ui v mailt wucwerwe view lum luluuiicU- i iiihv owe f liPi nni crpntipmpn sav. np!inaa nrrioa it ia ot tn aiiiminen vnt -1 om nuriy iriea- ny tne s peppie oicotryiapjman lali to see m un abundant ly or individuaUy ; but generally, if not in- the relief does irot tally with their own un- well content that it shaU beroright to mo and called . it tinkering with the currency, ln a little upwards of three years of jE6, as if they-tlmughtlto lower ihe; Executive 600,000, or within a little, more thau300, Bures 6l nanju areriot.o be ded of what?liad been already fini arraigned at tlie bar of public Opinion, and Wbellifstnioojent it Could lawfully uny meu" uy, iue peppic wijiif. umjuj j 4uaaoyrn3an ioii io s and approved and aplaudedi13" uUse"JoSStJ mercan ed and iabamJOneCl hd; if either the. :past ? folowe3?flfthere is an preseni auiutiusiraiivii imv juwe ohji i jr. iS;4.na.uie uisuess iia not ueen greater. ide itne distress which variabiys the inquisitive mind "may trace reasonable exoectation. that therefore no ny cause-fo.r wonder, I calamities to thesufferer's own neglect, or relief at all has been extended. Great re has not been trreater. f wilfuf transfrresgion ofthelawsof nnidftnR. I Kof h n m r tiuml-ilo . in1iirmDn( Kuan of. talse step, I care riot bpwsiwn itsfiOint J Special ly when we look to , another. mea-J HapjjHy, in both eases, timely repentance forded, and all that I think could in reason just a st indard? anoUthat it shall be pressed no longer than it is found incordance with it. Itbas no hostility .froinihe Executive to encounter, tor iv -is ms own onsprmg, .1 4 M 1 '.1? , -jTt. fx- C'- -1 - - 8UC- i every oneseYiyiV twomeasufe hetbrei alluded to, I to a conviction of our errors, and to sober tiinfis to make immediate provision, for 1 Corisi6tution4 and Whether expedient of : ue spirit otspeculatiOivan tne4 ueposiie or resolution to sin no more, they will have the supply of tiie exhausted Treasury, and not, is the only question for which, trust, "iit ia Bam; uiaijUMi uujcMHuiiiuii -wmuniiuu i wwmcua wvM ira unv purpuae,. auu , pui.jme sucn claims as in tne present state 1. beiore -1- iiaverfumsnea, l snau ; stimulated tliatcRniriuanugiyeaio ui-jlhis wag no measure oi me wiminisira- arrested us m a nsaa career,-beiore we have ithins ought not to be made upon it. hs undue acU6WThatu'chl4fom involved . ourselves in irremedhlein.-- Thislso far as the action of the HoUSe U wnt, may havbeefetft accidental' enect I Known to nave oeen nostne to it; dm. it &uppos no.tarm tor protection 4iadKhlief con rafrfeti: has alreadv hef?n donp. in th of the Temdval ibf; thfe4e0siteifJiajia the 1 was passed ajpost by f aeclamation by all our 'wffets'iruseiessn p-tsaSSj. of the bills tor the suspensiokofJ rm4rtrto mrt I Zrt oVl f unomlrnrf (ka rirt I TTvit M CJi.iSTjiinC "L. , J 1 I , Jt . ' . 1 , .1 S . . !Kii-c itijk uiuwu ovauejaaan. iiua iriumpii- tne iourtn instalment to tne Otates oindar ed ovefQpstimtion, and the cdffency thdeposite law, and the emissionS'of the it hadrviaeaV-no systems of internal tei iltfons of dollars in Treasury ntes, and . it is next to be shall be taken to avert. vuiamt.u wtt.1.; mi viyu uiui. ujustvii wc i uwu, auujtu ii u w in v uiiicitiuic biiuuiuj u uossiuie. a recurrence oitne present ca- . j meuicieiiij wuuuut uic m-wiw mere poienuai rciuuvpk oi uic ucpusiies oi i we nave ucen 10 xa eviis oi wnicn wenow i tastropne' Q: tne revenue. rOr this three tionofflther caused much more powerfufu Government from oneiaie of a street to complailt ! But all these things were oxmeJ pla6iariresei!ted to our Consideration : v x nati nouce,prseniiy, auu'wiirn me otner, in uie aamen city Which- aepo' j and our Constitution, for the formation of EksT a national bank; secondly, a conti-l the continent to tHe otherit will not be ank, in suffering : nomeEpus 16caJ;bahksrwillingassent of thb Executive. Here is to come int existence which could notl a cause adequate to haye deranged the cur- have lived, and thus "8ell;-thel)3per l rencVof the country inthe nost "prosper- improvement bv the General Governmental as rfotentioned :"s Jttrrency,. is hot improbable 3the it ous and tranquil timesi; It wm be remem- ,yith allits attendant extraWancies, haS deHdei what cdurse it. - oe remarked uiat tnisTrouiu -nave, oered that the opposition insist mat tne ..- f'.-. . . . . : f .1 c . 1 -A ceededin making at least .jshqw of proba bilitv It lias neerffeleCt- for, ar as .fiiis Governmeht is concerned: it.sH yet a (matter of tf ial, and we are dooriied tO hear; p relation-to it, the b ejnpe&ment Jas per iment ! I experiment ! Jmtil the ear 'aches' wiUi the soring. Like eyerj tbing human,, it is liable to vmal-adrainistration, and of course to failure ; bufcit carries with in itself no principle of invitabte, fallibility like the banking system. - Scattered Its your treasure wdl be, underUt, from cme end o v nroner iiinna is n.: irramstrfie ... Vrll affamst which it would take much to weiga witn any prospect 01 overDaiaHeeing iwxetS objections have ben'urgt&'t0 ttpjahr it is proper wo should consider them, ..nd s. nrsi, it is saia me revenue win oe exposeu . ' to speculation much more than itlis'atpre' sent. Why so? IUs pertinently asked by- the President in his Messaeo'yahjitbe i come less secure in 'lktesafy than whenlocated in a banking JiouSft t it mhrht have been atso asked; 'doi-meni j ejiange their natureosss 'toi&t'. tne- uovemmcnt i onrjpjy, tneamfraccj4 rities can be prbrfl4ljh tb.0'ne .Saii'ib':r'' e oilier. Nay, lSnot-Hhe adyantaeron se sidsT'ofilie Government Ty.Tlier& is no :, imU to the'penalties you may impose upon : an urifaithfutp'ublie agent. . You may bind - him-hand arid foot; and cast liim intoihar,; most loathsome dungeon ; ahd f that b-not?" enou9-lff ou ban doom 'Kim1 tn felon.'' v death, fasten upon him atigma .which wdl' tT vfti not leave him even in, ni4 festeri&riihudi ib.-)'4it but cling "With relentnesHold to hlEluWv iS:fii1 dreri after hiri; It is tiue you Ntannot"' 4& :-1 mate men1ionest by leglation, rJui'yotfb , can make it-so obviously their interest to be so, as tQjenabie tnem . to overcoma that- r v- i i i. temptationsivhich beset them -Ifts ho. '-..pj hope" of escainde4ection:forenl time, and Hereby increasihsr tfiTiMbabiBt- of escaping altogether that most comfilolVi accountinf witheTreasunof the UrsfciC ted States, detection would b& likelY to fbl- Iriw OA annn (Via rtrt ?mJ a -T ient'es. tnatuiue.inaucemeBiA I togagel m it.5 IfTtca; :V' settled tru,thmcaarmtberrfi Wimey unucr auy w sancUOna TvniCO- ? . mo iaw w amen; impose ior its Sale KeetM in?, we may as -wea mate irptmr ramdsrw abandon rviLaociety at brica!an'iniprtf acame aosuruiiy. - ut jtho ? Senatorlroart Virginia wststsL that jeiShca---la?Wwi usand cites an instance frofi fiiar-Statej ? tiki-tj Ite-t .1m:aJ' aJt'i-s . vyiro ig" uujinjcieT ana reputsu .rawigniyv wK.uvjuvHyu.aw. ituw IlilWW 9 i .... , . . - - .-- : "t ' . ... -- w . -.5,. f?- c l. . -, ju. whichstbiijjwaimo is 1es":njrtVaalfi; U1U woi TXaye dthmUff falleri upotirGoK f 7r ' .4 -
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 6, 1837, edition 1
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