Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-05-08

which others of their fellow citizens bssn n
.dcpriycd,, except an suchterms as The ~
of shares chose TO prescribe; tha. the ~ sf
expires by It's own limitation, and that La
this period. they have no right to exnosS
thing which Inay not aiise from the Inv
and convenience Of the government
nit, sir, there is considerable strength is
objections. The.exciusive RICH, Contain
the charter ever appeared to me as lurni,t:
the most solid constitutional objection ap.s
the bank. TIE creation Of inonopoHe's..
granting of exclusive privileges, excrn,
far as to secure to the authorship useful Il.
tons the benefit of their discoveries; tSs
ing up. Of the hands Of the Legislature
depriving itself OF the power of ACCORDING :,
set of citizens, twho may come into LEGAL
istence tomorrow, or ten years hence. Vi
it had given to another; eyee appeared n
hostlleFto the genius IND. spirit ST Che peys
OF the United States, yand Of Ill their irs,;
tors. Highly then, sir, as ! am induced
think Of the conduct OF this bank, from :,
best evidence Irap obtain, still, from tn. e.
siderations i have just mentioned, did II
question DOW before US simply. affect 4
stockholders, | should certainly not trouh
the senate ~ tn any remarks in reference
it, and Should sit down in entire acquiose:re
whether the PRAYER of'thc petition for the re
rnswapof he charter Of The bank were errotp
or rejected,
Sir, before outing this idea Of cons.in.
tional objection, permit rnc to make oae I,
two brief remarks In regard to il. Il is In.
possible for tie Ingenuity Of rra, to de;is
ANY written system OF soverpment, which, al
ter the lapse of time, sextension of clpp:ge
change OF circu,nstalccs, shall be able to G..
ry It's own provisions into operation
SIR, the Indispensable necessity oeigpYed u
resulting powers, Md 'hence the provision il
the constitution that the, government shssa
exercise such additional powers as wsrt ~.
cessavy to carry those that l,as, bscn deisy.Ma
into effect. Sir, if this country gess Oh c:.
cressing, and cytenCi,:-. liz the sa;io.it rs
doDc, il is not impossibl, that hereafter 4,
provide Tor all the new cases that ns5 fx
under this new state Of thipgs, the desr.a
powers may prove only "a text, ard the iints.
ed or resulting powers may furnish the seq
mon to it. ~
Permit nae, sir, to put ono question on this
head, in addition to these 50 :bly, and 10 ~
view, unanswerably p.it yesterday by the h.
norable gentleman from Georgia (Mr. cras'
ford.) Whence, sir, do you gc. III. ifsi4
whence do goa derive tine power 10 elv!
custom Eoas, in the m line tlis.licts oil h:
y. States !? To attach to rrcm ten, f.,eci, "
twenty cus.oni mouse offers and eiAas
these men with authority t. ii.Yzdc e tio...
Gle, TO break INTO the dwcllirs-house tfs'~
haps an,innocent citizaE? Whence do ,ea
get it, sir, exeept as an implied power result.
ing from the authority, given IN the scons,i.ua.
on :: to l>,y and collect taxes, duties, iipposts
and cxcis"s." IF, under this authority gos
Cali e!oct these custom houses and create this
municipal, fiscal, iaausitorial gems c'armer:',
with liberty to violate the rights Of the eiizsl4
to brcak into his site at midnight, without
even q form Of & 1s'rant, on 4 plausible aY
pcsrance o. probability, or probable cause Of
suspicion OF his secreting slnuEglcd scc!i,
which the event MY prove to be unfoundcd.-
ard it viii be recciiected that 4 majority q
Congress voted for the grant of this power 10
It's most offensive form, when two years siEcs
tkey voted for tic aet enforcing the enbarcs
II say, sir, if under this general power tc col.
!ect duties, yor can erect the establishment
and give the offensive power Just mcniio:lsi,
Can you not, with tie concurrence even Of Ii:
ciuzcns, sdop. another more mild and usefh
Inode, and create ID cst.blishnen, for the
collection and safe-keeping CT the reveru.
and place it under tie direction Of ten q
twelve directors, and chris,en it al office i
Discount and Deposit, or Of Collection md
Psyment, as you like best! Aaslcan you mel,
when you have thus created it, give to ths di.
rectors power, which perhaps they wcud
have without your grant, 10 receive and keep
the cash OF those who schoose to place it with
them and to loan them money Ut the legal rats
Of interest, ard in some places, as 1t a!cw'
York, at nearly ifteenpcr cent below tbs IT,
gal rate Of Interest: # you Can do this, !hca
you have your bank established, sir---apd ncst
assueediy, it you can do one ct these thing
you can do the other
teecA to be eontinued.
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