Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-01-20

| that such is the intention, wiz iio' r 80. ,a;,
self to assert that such IS the ~. 10 contem
nIatad by tho President, till his act shali comps
Pc ~ heieve tn the contrary. But, wnlle Ius
severely condemn the conduct VI le losio'
| in rem0ving the former Secretary anu "pPo;ls
mo the present, must say, that III NY op
- S case of the abuse and not OF the ~SWP~-
ton of power. no,;aortb as under the
| c.,,et;t,t;on the right of removal rom olhCG'
nor can | doubt that the power VI ieliio o,p,o
| wherever it exists, does, from necessary, ~ nv,
tbe power of general supervisors hoi o .o;nad
doubt that it might be constltutlOildly 20
conf case-suppose the late Secretary, lhStedu %
heinz against had been in favor OF tlie cl1ipe o.;
and that the President, instead OF iof hau oooii
AGAINST if. deeming the removal not ol,iy NJ
Incident but under circumstances, Iiesa, w. 49,.
anv man doubt that under SUCH clrcuillslah:I c p,
he had right to remove DIS 'oeoi o'ai y, - ~
were the only means of preventing the re,iios ai
of The denosites? Nay would 1T not be MS III
disnensable duty to have removed nm ana,
had he not would not he have been universally
and Justly held responsible!
have now (said Mr.. c. offered all the re-
marks | intended in reference TO the deposile
question; and on reviewing the whole ground,
must say, that the Secretary, IN removing tl.e
deposites, has clearly transcribed his power
that he has violated the contract between the
Bank and the United States; that IN SO dong,
he has deeply injured that large and reSpecta-
bic portion of our citizens VINO nave peen lnVll-
ed. on the faith of the Government, to invest
their property in the institution; while, al the
same time, he has deeply injured the puDllc, In
its character of stockhoder; and finally, that ne
inflicted deep wound on the public faith 10
this last attribute the present embarrassment
in the currency which has so inJurlousiy a1ect-
ed all the great interests of the country. Inc
currency Of the country is the credit OF the couh-
try-credit in every shape, public and private;
credit, not only in the shape OF paper, put that
of faith and confidence between man ana man;
through the agency of which, IN al us lollhs'
the great and mighty exchanges OF TINS com
mercial country. at home and abroad, are Ell
fected.
To inflict a wound any where, partcuiarly
on the public faith, is to embarrass all the chdi-
nels of currency and exchange; and II IS 10 thlS,
and not to the Withdrawing the lew mlliohS VI
dollars from circulation, that attribute tile pre-
sent monied embarrassment. Dlo peHeVe ~
the contrary-ifI thought that any great ana
nermanent distress would of itself result from
winding I'D in regular and legal manner lhe
present or any other Bank OF the United otates'
/ would deem it an evidence OF the, dangerous
power of the institution, and TO that extent; al
argument against its existence; Dut, DIS II IS,
REGARD the present embarrassment not as an ar
against the lawess and wanton exercise OF
mower on the part of the EXecutive-an emDar-
rassment which is likely to continue long, II lhe
depOsites be not restored. The banks winch
have received them, at the expense OF the pup
lie faith, and in violation OF law, VIII never DC
permitted to enjoy their spOs in quiet. NO one
who regards the subject in the light IN WMch
do can ever give his sanction to any law IN
tended to protect or carry through the present
illegal arrangement; on the contrary, must leel
all such bond TO wage perpetual war against an
usurpation of power so fragrant as that WHICH
controls the present deposltes OF the puDilC mo
ney fl stand alone, (said Mr. Calhoun al
least will continue to MAINTAIN the coh'eS', ~
long as | remain in public lie.
AS important (said Mr. c. as l consider the
question of the depostes, in all its bearings,
public and private, it is one on the suflace-a
more pretext to another, and greatly more I'M
nortant which lies beneath and which must be
taken into consideration, to understand correct
w all the circumstances attending TINS eXfaof-
binary transaction. 1t is felt and acknowledged
on ali sides, that there is another and deeper
Question. which has excited the profound SEN
sation and alarm, which pervades the country.
five are to believe what we hear from the
advocates of the administration, we would De-
lieve at one time that the real question was,
Bank or no Bank; at another, that the queStioh
was between the United States Bank and the
state Banks; and finally, that il was struggle
on the part of the administration to guard and
defend the rights Of the States against the en-
croachments of the General Government. Inc
administraton the guardians and defenders of
the riphts of the States What shall can ltf
audacity or hypocrisy?, The authors OF, OF the :
proclamation, the guardians and defenders OF
the rights Of the states7 The authors of the
War Message against a member of this con Q,
faderacv-the authors of the bloody blll' the
Guardians and defenders Of the rights OF the
States! This struggle for State rights! NO. ??
Sir, State rights are no more: The struggle IS
over for the present The bill of the last SEES
sion which vested in the Government the right right
of judging of the extent of its powers, h9alIy
and c0ncIusively, and gave it the right OF en-,
forcing its judgments by the sword, destroyed
all distinction between the delegated and res .
cd rights; concentrated in the Government the
entire mower of the system, and Frustrated the
States as poor and helpless corporations at the
| foot of this sovereignty.
Nor is il more true that the real question is
Bank or no Bank. Taking the deposite ques-
ton in the broadest sense; suppose, as 1t IS con-
tended by the friends of the administration, that
| il involves the question of the renewal of the