Alabama state intelligencer., 1831-02-09

lttimor0ndv gives cut, that it is afraid to trust the StAtc Bnks, aniy yet it's very aeent rakes pleasure in doing it,ns we'll for the pro- l ft ct such confidence, as occasionally to n- 1 culge malicious pleasure in devourng them.
 But letus listen to the argument of the re- l l port against rae position we have inst advanc- ed. at is said. Continues the Committee, } | that this Government, by making the re- S"mpticn and cNntinulnce of specie payments the condition up7n which the State Banks sh"uld receive the Government deposits, | might have restored the currency to a state | of unIf >rmity Without stepping to give | Their rtasonS f1r believing that specie pay ments cHnld mt have baen restored in this | way, and that even if they could, n' form currency of the general credit, throughout the Union, w7uld mt have been provided. the Committee will proceed to give their reasonS | t'rM'rting that such ( connection between the Federal Government and the State Bank would be exceedingly dangerous to the pn | r.tY of both" The committee then proceed with an1ther stringof if; "f there was no National mk; that # | was let to thediscrc- tion oft'," Secretary the 't~eas,l., to select the loc Il blnks in wl,ch tn, q i,vcrnmeut de- posts should be made, all the State Bank, | would, in til 1t c,sc, be competitors fr ,hc
 fvor of the Treasury; and ID enc .wio will duly consider the nature of this s5rt of patro- mage, c'n flil {, perceive. that, in the hand, ot an ambitious man, [ 4 mt possessed of perf'ct purity and unbending integrity, it w"uld be cm nently dangerrns t, the hnbHe A6"rty, an1 the most exten i've c2rruhtion brought to bear up1n the eiec :'ons through1u' the Union." Cln it be D ,ss;!>le that the good sense ct this c"untry w Il br taken and led captive by such l)gic as this' Did ever any me witness the adrotness " tn which the th.af> f>ay,,,,,
 nrs anl wheel.ngs of polt'cll m monenveringa When tllking of the Naticnl Bank, all h safe, all shroher and necessary! No danger to De feared from its influencei Not the least harm to be apprehendcd from "c 'nnection between the Federal Government" and that institution can be so regulated as not to inter- fere with the Government! It's immense pow CT cnn be so fettered and muzzled, tn 1t even children, with perfect imrln!ty may loll mp on its claws, anl sport with it's very ftngs! T But the moment they turn to State institu- ticns, tllev admonish in the most alarming tones, to "treal with cautious step this dln- gercus eround," Every thing is big with hnr- rNr! When disc int;ng upAn the bills of the
 United States Bank, "they arc more t, bc
 desired than gcld, yea, than mnch fine gold!"
 But when they return to the bWG the States. then what an uproar about the pubic liberties.
 Whit an effect up'n the elections. What in- stru nents n the hands of ambition! My, the, might exclaim ill the bitter straiNs of the Poet
 .cur~d on,er crrdi last anl best susn'y!
 That lends "orrn6tjon lighter wingstay
 Gold im,d ny 'hev, car comp'Ss hard. stthng',
 Can D, kst Stat. 2 c,n f tel or carry Ki.,g';
 'ingle ,r1rsm whft anarnya'.
 or sidpof Seantcs to some distant shore
 af like Sbvs and fro,
 OnrfH.s anl firfuneS as th- winl may bow
 Pr gnan with fious1ads Hits the srr / unseen,
 Ani si'.nt S'iis King or buys Queen. 7 Lat us however, come down frm this d~Iu sion, we are cnlv spell b,unl by a mere il IT, rsli. As uncle Toby said to rp1r,' Tran, when weeping oyercn- of poor Yerick's serm"ns, "why, man, there's t d word of ruth in it, 'tis II thing but scrman."
 The Committee commence th;s terrible [ freb "dng, by saving, "they will not stop t. gipe,their rrasons for believing th,t specie { payments n the part of Stlte nks) uld mt restore the currency to a sta.c of unif1r- nitv." Now, they will parl'n us, and we think we have the right t, make the asser f ticn, that they had TO reasons 0 g;re; and it
 's cne cf tn 7se artful movements. often used
 br deHter7us deblter, to carry the question from the judgement to the imagination. It s long settled an1 we'll knawn principle of evidence, that the best testimnnv of which the case is susceptible shall 6e pr3duccd, and 'ts absense shall involve this canseouence, that it docs not exist; fir no man is presnm- cd to be under the in'lnencc of such unmean- ng folly, as to suffer That to he lrst wh ch he has in his p9werto save. We claim the full
 benefit then of this rule, net less sound than safe, and demand of the Committee to ",top
 md give their reasons" on th.s print: for we h0ll it to be the most important in the whole discussion. Once admit that the State Banks can do all that is dane by the Federal B Ink,
 md the question is at an end; far there is no man of enc spark cf honesty, or enc ray cf in- f tellect, that will n"t find his verdict in flvor , cf the f9rmcr. We are not to be frightened "nt of the matter by an appeal to cur fears No man believes that if the public liberties are safe under such Patagonian as the Ma f tional Bank, they have any thing to dread from such LvHhut as a State institntcn.
 Ifthere should be but enc in State, there will bcno competition; if more, but enc can be favored and that w Il be sufficiently check cd, mt only by all the others, but what is better, by the good sense If the community, the ark of all cur rights. There ism, more danger from that source tn II from any ether branch of governmental patronage. The mo- ment State Bank, well restricted by the law Hf its institution, and better guarded by rival
 interests, can overthrow the liberties of the c'untry. depend upon it, they overthrow themselves, and this is contrary to every principle cf self lcve Besides, the state of that scc.cty is r ttcn down to its lowest foun- dat'cm, and is ready to crumble, from any cause that can be subverted, CT even sub j. cted to tremor by a fetty exploration.
 We are admcnished to bring cur remarks to close, by the fatiguing length to which they have been extended. Much more cculd be said, less, with any regard for the ques- tion, could mt. We hrve ever considered this subject as fraught with wider, deeper,