Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1811-02-26

tnOrlScu TIC cSt2oilsnment or Ol0Ss.
Yet Banking, II will be found is
essentially different from receiving
and paving taxes. The fashion
however Of his opponents, reminded
him of AN anacdote he had heard Of.
Virginia Justice :-- he was Applied To-
for a search warrant to discover sto-
len Turkey ; but finding no form or
precedent for such warrant in his
books, he was persuaded to follow that
under tn: fe.d OLA cow.
g Aud what was this power which
gentlemen were inclined 20 fitch from
the STAGES by far-fetched construction!
1t was nothing less than the vast pow
er OF, instHut,pg incorporaticas, form
ing select associations from the masses
OF snGiet, !; invested with privileges,
surrounded with immunities. 1t .,as
an exercise ofpower that had create
a South Sea Company, Mississippi
Company, which had distracted Eu..
rope and an East India Company,
that had engroseed the commerce Of
ASIA, ---had oyorthrcwn dynss,ies, &
ra.sed up rew ones had wagcd war
and. negotiated peace carried The de.
VISITATION OF FIRE & sword before them,
and whose very troops were not long
since H. a S; ate of war with the troops
o! the English governments WAS a
power like this to be forced, ---rxtor-
ted from the constitution, contrary to
rs express prohiaition? Gentleeen
n; ght as reas nably maint,in, that the
great orb OF da, in the centre of the
planets, was the satellite of the faint.
est, star thar twinkled In the heaven.
The eloquent gentleman ne%s p,s-
sed to the subject of alledged.acqoi-
essence in the consti:utionali;y of the
law of 1894, which he fully proved to
be unfouhded. Did GENT men forget
that they were not in Westminster
Hall? Tha', however, precedent
las weight IN the administration of
laws, as leading to an uniformity OF
decision Ayet, that in Legislators, it
WIS urk own :. fthey CEASE d to 10 k
into the constitution for its m aninS,
but were to be regulated By the in
terpretations deducible from statutes,
they might wander so far from tie
constitution as TO dispense With it al
together Behold the lot of mankind
with ~ srect TO that sacred book, which
was, or ought to be, the paramount
rule Of faith and morality. 1t was SO
grossly perverted by giosses and com.
ments, th:.t it gave rise TO swarms of
furious secs, hostile TO each other,
proud OF their several systems; but
iorgssful Of the great original. This
fac may warn us to take the conslitu-
ton itself for our guide.
ION the subject Of the inexpedien-
CIV of the United States Bank, Mr.. c.
was no less powerful in fact and de-
duciion the operations of bank were
NOT ,hcse Oh coliec ing and rtfandi>g
taxes; far from it, indeed BANK
discounts notes and furnishes paper Tor
circulation, &c. &c. But, ifthey were
necessary, the state banks are equally
convenient; [Mr. c. supported his as.
sertion by reading the report Of Mr..
Gailalin, distinguishing the different
banks in which the public revenue was
&C 'lected-- There were more stat.
banks employed in this business than
Of any 9TH sort.] But it was said the
stac banks were unsafe; the contrary
he affirmed 10 be the truth Had Bnrr
seized, as he contemplated, the trea.
sures in the branch bank at New.Ot.
leans had there been sums of great
amount deposited there, the bankrupt.
cy would have pervaded every ctl,er
branch, and become general they be-
ing accountable; but. if state bank
failed, the mischief ended where il
began aud, if state banks did partske
of the evils of interpretations, let it be
rendered that they counteryailet, they
balanced, they corrected each other.
Mr.. Clay had before noticed the in.
vidious and preposterous remarks Of
Mr. Giles on the rights of state.leeis-
latures to instruct their senator's and
eensured the Inconsistency of despi-
sing these high authorities while they
claimed such profound regard for the
tales of a Philadelphia deputation OF
persons interested in the renewal Of
the bank.
q We hear much Of the convenience.
the uttlity of this bark. VIII, does -