Litchfield enquirer., 1835-01-15

RT0unfNS. Fe0RWeU | the Executive. His main argument was that the Government had no right to grant char ters Of OfincOrporation for any purpose tnat tne Government had no right to do tndlrectty that which they could not do directly ergO' 'ne Governnent can't charter a Bank' thcy nave nu r;cht to make use of one already charter' ed. Thus. if is unconstitutional to charter Rank in Philadelphia; but if we employ anu use Rank in Philadelphia, chartered by tne State of Prnnsylyania, we do that, by 'nd'rec- ,ion. which the Constitution tOrblds us 10 uO. The President had decided that we couid not establish Bank in Philadelphia or eisewheFe for the purpose of collecting anu u'sO"Fsus the revenue, and, yet. he had' "r yt"', ..an .u
 ployed in that business, Banks aFe"uy oS'"
 lshed. But we were told tna' 'n'S s'0"t ""
 jed power, constituted as was' "''. "
 head and twenty limbs, was dangerous 10 tne l;hsr,;.s rf inc country. To this argument
 h. allowed sume plausibiIhy. though at the same time, he thought it applied w'tn as
 much force to the forty little pet monsters, as to the big monster, and it's twenty four wheIps'
 The object of the resolution was to ascer'a'" | whether we could manage the fsca' co"ceF"s l of the nation, without coming wlnln redc" "' the talons of either the big Or little mon sters." He went on at some length to recon. mend an utter divorcement 0t the monieo power from the Government conten"'og 1 that it the monied power was ot Nse't oanger- ous, it would be much more SD when opera { ting with the power of Government' wnc" ] last power, as he showed, had' or a'' otners' 1 in all times, been the most dangerous Po"er' often Over,hrowing the liberties "f tne peoP'e. Mir. Allen. of Kentucky. said, among other things, that he had read the report of the sec
 retarv Ofthe Treasury on the mode of keep ing and diseounting the public moneys with ] care, and could not see that the lntorma!'on sought in the resolution was there aitordeu. It did aupear ,o him to be an important lnq"l- ry. whether it was practicable for the Govern ment to transact all it's business without the fiscal agency of any bank at all. It was the promise of many. and the desire ct some' to
 have hard money currency. TO tn"se wno
 sought that object, it must be desirable to a's-
 rense with banks and bank notes a't"gs'ner: 1 if we were to fix our eyes upon that Per'ou Q!
 our history in which paper money was mos'
 rapidly multiplied. it would und"nn,So'y oe the present time, when we were talking SD
 much about the necessity of a return to hard
 money currency. For one, he was oes.rous to know whether, in the opinion of inc Cao,
 net. it was proper to return to a bard money gov yepnn,ent and carry on our fiscal operations : without paper currency or bank agency. tie was sure that the measure contemplated by , the resolution would contribute more than any thing else could, to the promised return to hard tponey currency, and to the obstruc' , ton of the flood of paper money which was now issuing or ready to be issued. Mr. FOX rose to resist these vigorous assaults Time was, he said. and not very long ago. when u was contended that nothing but Bank' ana only one Bank. could act successfully as the
 ceeded tr G5r e fst ,s kss asesi,S,@e @w %@e that no Bank was necessary, to perform the
 fiscal agency of the Treasury. Mir. Allen
 here interposed, and said he had not contend.
 ed that no Bank was necessary but, without
 giving any opinion "f his own he had ndica-
 ted the opinion nfothers that no Bank agen. cy was necessary. Mr. Polk proceedrd to
 show that the Rrpor, of the Secretary of the
 Treasury responded directly [" the inquiries
 put n the resnlu,i"n. Mr.. Polk here read an
 extract from the Report, and added,- ] The Secretary, then, says that it is practi-
 cable to transact the business of the Treasury
 without Banks, but he does not advise it, io the
 present state Of things. The resolution was,
 therefore, unnecessary, and improper, its in-
 qniries having already been answered, and the
 measure contemplated by it, noticed and dis
 cusset, but not recommended. The debate
 was tor some time continued by Messrs. Fill,
 m"re. Ewing and Jones, Of Georgia, when Mir. | MCh" UOSeU tO Hy tOG reSOIutIon On tne
 table, which motiun prevailed: lO6 to 87. ] Journal of Comne,cs.
 The ORATIoN, on the, life and character of
 Gen. LAFAYETTE, was pronounced yesterday,
 by MT. ADAMS. agreeably to appointment, in
 the Hall of the House Of Representatives, in
 the presence of the two Houses of Congress, the President of the United States, and all the principal officers of the Government, and an immense cOncOurse 0f citizrns and strangers,
 including s"me of the representatives of for. 1 eIgn Governments. who attended tn accor. dance with special invitation. It occupied in | the delivery, nearly three hours, and well il | might. for wide was the ground it covered. heinz n" narrower than the history of the last half century, and numerous and various were she topics which it embraced.
 To say that the Oraiion was Of great abili. ty, tt is enough to know who was the author. To attempt any analysis of it would be un- just. and supernrogatOry besides. for the Ora ton will doubtless be published under the di. rection ofC0ngress, eagerly sought after, and universally and delightedly read.
 The circumstances of this ceremony were ct nature calculated to affect any mind of ordinary seusibilty. There was moral beauty in the whole scene, seldom equalled in public exhibitions; under the influence of which, it may he hoped, a pure and elevated patrioiic feeling pervaded the whole assem- biy. Who, indeed. could listen unmoved to