Portland gazette and Maine advertiser. (Portland, Me.) 1805-1818, 1814-11-28

| H. bSSSiAdIy w a dua ~ohy
ment of the revenue, he could never APP
prove of fuch bank as the Secretary had
propofed, it contained principles which
appeared to him fubverive of the, very
objects the Secretary had in view in ir
eitabliihment. A bank with capitol Of
d. 1900, 600 in fpecie & DIA,eoo, ooe
in itock, for all the legitimate purpofee
of banking, was nothing more than q
bank of d o,ooo,eoo. 1t was impoi1i-
Die in the prefent ttate of banking crcdito
that fuch bank fhould loan rxteniiyeIY
tothe government without being foon
reduced to the Gtuztion of NOT Of. the
other banks in the country. The etIed
OF it. then, would be fill more to fink the
public credit, and embsrrafs the financial
operations of the government A Bank
20 facceed mutt be lett perfectly free to
puriue its own intercRs without the in
reference of government II mutt pro-
coed at the outlet with great caution and
on limited fcale, until by degrees i
could draw TO itself the public confidence.
and reltore it alto to the other banking
inltitutions in the country, and thus
gradually get the. whole machine again in
motion. Whether it could iuccee6 az
all was extremely problemat:cal but il
certainly could nor, if the wAuts of The
government, and not its own intereRs.
were to be the guide of its condna -
There were other objections to the Sec
retafy's plan, particularly the agency
which the government was to have III
the appointment of dreetors-,5at be
would not dwell OH them. Il war
enough to oblcrye that unlels the pro,
pofcd plan Of a bank was materially mod
ihed, there was every reafon to Believe
that it would meet with no support frons
the minority in that Houfe !; and per,
haps 1t would receive but little in anS
ihape. As there were many gentIem=n
in the Houfe oppofed to bank, under
any circumstances, and many who would
diilike is details, it Became very queI
tionable whether it would be adopted al
all. Under this view of the fubi-d. it
became important to render the tyitens
of revenue, independent of the baak.
more efectual and adequate
In every point Of light, therefore, in
which he had been able to conGae. the
fubjea, MIR. Q. faid, he was iaris6e5
thar an increaie of the direG tax beyond
the amount recommended by the GEM
mlttec OF ways ana means, was efentiSl
Withou, it, he though the iyitem incon.
plese, and he believed il would be found
Intellectual.
Having thus, Mr.. Q, laid, ftibmitted
to the Committee the remarks, thai nsl
occurred to him, TO thew that the diiacl
trous Gate of the finances could Be
retrieved only by an immediate and tctsi
change in the rrinou, lyitem hitherto
puttced-and refort to vigorous ana
exteDGve plan of internal revenue he
ought perhaps no longer to occupy the
attention of the committee. But, fscl:r9
az he did, that the great addition 70 the
exiting bur.hens OF the people, which
was about to be heaped on them, had
Been rendered necetiary by the war, he
mutt beg the indulgence of the COMM.
tee, while he laid before them, in fun.
mary manner, his views of the prernt
fate and characler of the war. and the
line of conduct in relation to it, which
he felt called upon to Purfue. His rcnt,S
ments. Mr.. o, said, as to the origin of
the war, aud thelobjeets for which it was
avowedly declared, had always been uni
form Att commencement, he thouabti
and he till thought, that it was unneccf.
fairy and inexpedient, and that il wa.
waged for objects unattainAble IN them.
felves, and ii attainabte, unilnportant.
wnen coaiidered in connection with he
immenle public and private facri6ce, with
which iuccefsial puriuir of them mulf
neceiIarily be attended. Advertine TO
the circumstances under which the war
was declared ito the total want of prem
aration for it, and the careleiln ia mani
feted by its authors about il; ultimate
and probable consequences, it appeared 70
him that the hiitory of human folly and
ralhnels could NOT present an aet 70
he conGiered the eys7
text of individual and rational in;ns0
growing out of the wharf.-the eG.,.I