Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-04-02
POEIEIGAI.
From the Ca,slill Recorder.
THE U. S. BANK AND MIR. CLAY

The U. ). BANK AND MIR. CLAY.
Hitherto we have expressed no opinion SUBJ
Ject which has elected much discussion the public
Jonfnsh-,be renewal Of the .haft-r OF the United
states Bank. We have always believed 4, 10 be an
OF state ghts. and Of oppressive tendency
10 local iuslitu iors But We fully Of
the importance Of he subject, until we read the mas
terly speech oil Henry Clay, against the renewal Of
the charter made some since and KID ia the
q ODE OF Ike OH lisa The able manner in which il
is discussed. aud the unan,weIabe arguments urs ed
against the renewal, well calculated to carry con.
vicon TO the mind Of any rsjudiced Individual and
convince the reader that Mr. Clay espoussd tie cause
he so ably ocs,ed, In the truth acd Of his
he'r'. We Acknowledged that this speech was deiv-
cred long time ago. But the mot reliance l. 10 be
placed on il that cunt 1t was delivered before
Mo bargain with sMr Adams, and In Il, he no doubt
gave u'tfance to his honest conviotou be IL maid
en- purity And ibi, too at period OF IL, whs n his
principles were interrupted, and hi. no-als un,aned
by the po!tsa snachine nIc he has since formed For
this reason, they 10 the. public Invaluable as tho
unsopbstcated opisons oil h Elk Seer etary ON aues-
ton OF grea, impo'tince, and exhibiting wonderful
similarity TO the views OF General Jackson expressed
at latter day, on the same subject. The extracts we
make below, are iii must b. acknowledged sadly at
variance with ;ac present profe .sions OF Mr. Claw
But proper regai for ruth, and an anxisty to have
.hs .uoj-c' viewed 10 Its proper sh', would jusi.
iy us In Withholding them.
This vagran; power 10 eject a bank, after having
wandered throughout the whole constitution in quest
OF some congenaispJ wherein TO fasen, has been 10.
ca'ed by the gen emsn from Georgia on that proyi.
sion which acknowledgements 10 lay aud collect taxes
Sc. II 1901, the po~er is referred TO one part of
the ms rument In ISL TO ano her Sometimes il 10
alleged TO be deducibe from the pow or 10 re com
merce. Hard pressed here, it disappears. ana elbows
ITSELF under the grant to money! The .seacious
Secretary OF the Treasury in 1901, Pususd the wisest
c)urse-he has t:ksn sh- err behind general hish.
'ouniing aud imposing terms He has declared, in
the Prelmls to tue act esabsbink tn. bank tb al Il
Will be very conducive to the ssui cond of
the national h1ances will tend give facility 10 the
oba ming IT loans, aud will DO productive OF consider.
able advantage TO trade and industry IN gensrall No
aluon Is made to the collection Of taxes WHAT'S the
| n.ft ol
rail- vested with aggregate OF specified powers for
general purposes conceded by eristns sopereignfie,
who have themselves retained what is Dot so
IL 10 said that there in which il mist act on
implied power. This is controverted; but The i'm
plicaion must be necessary, and obviously flow from
the enumerated powers with which il Is aIied-Ths
power 10 char or companis not specified in grant.
and ocn;ead 10 OF nature not ,ranafsrabe by mere
duplication. /, Is OF the mast eSded attributes
o. soreTeignty Ia the exercise of this gigantic
power, We have seen an E,si India Company ere.
ated, which has csrsicd dismay, lie ISOLATION, and
death, Throughout OF the largest portions of the
habitaeie worii. A company which is, OF itself, q
sovereignty has subV erted empires, and set
up new dynas,ies-aud has only made war, but
war against It's Legitimate sossreisn Under .he in
S Gueneo Of ms power we have seen aiiss South
,racted and copvused all Europe, AMI menaced to.
tai overthrow CT all credit and on6iencs and univer-
cal bankruptcy. L, to be ina sined that power .o
past would have been left by the wisdon o, The con-
s.ilutou - doubtful inissencsi Ii has been legged
that there are many instances in the u,on whore
have necessarily vested along with the principal pow
err. are nevertheless expressly enumers,sd; and the
power TO make rules and regulations for tn. govern
ment OF the land AID naval forcss which IL 10 said Is
incidental 10 the power raise armies AID TO provide
navy, Is given as an example. What does tns prove.
How extremely cautious the CONVEX ion were to leave
Nc li.lle az possible to Implication In ali GAUGES whore
Incidental powers acted upon the prin cipai and
incidental ought to be congo NAL with each other.
and Partake OF common nature. The incidental
power ought to BIS strictly subordinate, and limited
to The end proposed to be attained by tbs specified
power. la other words under the name OF accom-.
fishing one OBJECT which 10 specified ,he power i'm
piled ought not 10 be made to embrace her obe cts
which are not specified in the constitution. IT, then.
you could establish bank to collect and distribute the
reUenue, it ought 10 be expressly restricted the pur-
pose OF such collection and distribution. 1t is mock
cry, worse than USURPATION, to establish /, Tor n
id,cfa object, and then extend IL to other objects
which are not lapfmI. In dsducing the rover IN
create corporations such have described IT, from
tho power to collect taxes, the relation condition
of principal ard Incident Frustrated aud DESTROYED
The accessory IL exalted above the principal As we'll
nigh, ii be said that the great lumnary day is an
accessory, satellite 10 the humblest star In at wiuk
les forth in lis feeble Iigh in ihs hrmamen, OF Hsa-
ven"
Is, that w E have WRITTEN CONSTITUTION, defining
ifs limits, and prescribing its duthOrities and that
however for time FACTION may convulse the ma
ton, and passion and party prejudice sway its unc-
tDnaries, the season OF reflection will rccur when
calmly retracing their deeds, all alterations from
fundamental principle WiH be corrected But once
suosutu'eP 'dcHcs 'or PRINCIPLE eIp0Sttt0ns OF
the Constitution for the OF the Constitution and
in uain shall zoe look for the instrument Itself! IL will
be as diiused as the pretended Constitution OF Eng
land. And il must be sought for i'm the statute buck
in the fugitive journals Of Congress, and in the reports
oftbe Secretary Of the Treasury! What would be our
condition, if we TO take The interpretations given
in that sacred book, which is ought be the critic
rioD OF our faith, for the book ITSELF We should find
the Holy Bible buried beneath the interpretations, glos-
and comments of councils, synods aud learned d-
vines which have produced swarns of int0erant and
furious psrtdkng miuness nd k
of their origin, than of vndicys spirit ei hos
Gty towards one another They ought TO afford us
solemn warming TO make that constitution, which we
have to support, OUR INvARIABLE GUIDE.
"Lconceive then, sir, that zoe not EMPowERED
by the Constitution nor bound by any practice under
IL, TO rene,o The charter Of this Bank, and might
here rest the argument.
An invention Of ne little Importance TO manufacu.
rers is spoken of in the Providence American. lie
said that in consequence OF the premium OF three mil