The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-11-03

VII AAtA Supply . hA1AN - tsNA 80 =
binary channels Of trade; hilsl ihelrspe-
ei4. hasing M lrndrn-y 10 emigration.
usll anls ne dawn ani - Inc goEernment
demands shall accrue. Bun when thus
drawn hg she gnEsrnmeni inln The ifrea-
sary. il xlll ani remain there in large
qnsnuairs. hut. being required only Tor
ihe "a, meni nf the government creditors,
viii lhus. ar the greater position al u u
Ieasi. BE- ihawn again inlo circulation BY
2 these creditors. who err seldom hoard
ers of money! and gradually end iis way
! back n The banks. 70 b. again drawn ont
. In redemption ~ ihrir noles: rpeal The
/. prnress II going 10 The treasury. 10 be
; paid out again Ia the government creditor,
and he by him IhraNn in;a circulation. 10
return once more la The hanks. This ra-
laiion must have healll,ful operation up
| in the currency, and upon those who
supply IL: aud. in addition ~ This. il will
have tendency 10 prevent thar great ag.
gravai0r nl nIhrr esils--hapking unan
hank paper: for the demands lhen made
not heing confined In bank upan hank.
csnnni he met bs the alere presentation
! NJ other bank parer: hnl every bark BE-
ing liable IN he called urnll with rnhsl-
derahle portlnn al is NOES i"r sPrrie,
must keep itself prepared 10 meet them,
and must regulate IT, issuss arcnTllngly
AnotheT advantage Ia the hanks hy no
means inconsiderahie | lhlnk. resulting
frnm disrnnnrciion, u. tia, their own
operations wnuld be greatly sImpiiliej
and their ps.rils diminished. No unlnok-
fd for reasure Menld flaw in upon then
IN drposiIe. demanding snlnr provision
for ils use, aud thus Disturbing the etrn
tenor Of their COURSE. No sudden de-
mand for what had been deposited wnnld
put lhem al their wits end lur The means
of returning il: hut. pursuing regular
system. ROT satJsrt 10 such unforeseen
aaciuaIians. they would accomplish lie
ellImsle. just. aud Pfnseworlhy "hj"cls
-ihe reaiizaiiOn al reasonable profits,
with safety To ihenselvrs, aud convent
ence 10 the community.
To these advantages some objections
are opposed: and here must he allowed
In say. ,hai from the high. minded. honor
/ able and talented Senslor imm Virginia,
an argument has procte,ied, Which | sm
surprised To hear up"n this hpnr, aud
especially from him | have seen Il
among the newspaper slang Ut the day.
IL which lhad thought II adsp'ed. The
I; Senator lrnm Virginia diselaIms it a. an
argumsnium at eop'dndum. hel,s,e
him sincere. ] am persuaded he dad not
, so intend Ia use H. Bu, after all u can
claim no higher rank l. has speci"us
arcepiabIlny Z" the popular ear. but
smbodirs M element nj sound Arguments
tI"n. II Is. that, hy the sduplIun of the
system proposed b, the enmmn,ee, with
the amendment offered by The Senator
from South Carolina. me currency w0nld
be provided for the Government. and
another for the penple--ihc heiler for the
former--thr lnferiur fm the latter. sm
sickfnrd and amazed al pTacIlce recent.
~ but lno fashionable. and upnn which
INV colleague has already 81 property
aud forelbly remarked. af treating The
Government as something alien from the
people. What Is the Government, and
who compose M L. nnl the Government
mere agency created by the people.
for certain sperifird purpnsts--a perfect
nonentily beyond Ihosr purposes! l. II
thing which eau have interests separate
from the mass Of the people! Are not
the individuals in ahnse persons this
ideal existence is temporarily incorporate
, ed themselves partitions nf the people! and
are no: the interests which they have IN
their national existence, as portion ol the
people, infinitely beyond any separate one
they can pnssIbly claim Tor the brief hour
in which they strut and act their paris
upon this elevated s,sgel This H. The
the peoples Government; it exists but by
their will. and WHEN they have done With
IL, or il acts in opposition tn tina, will,
they can dissolve il as by breath. Rests
tance on It's part would I've as vain as that
If school boy with reed 10 Roman
soldier in full armor. Government can
have no interests hu, those OF the people;
but the people themselves have interests
as body polite. and they have interests
as individuals; the former mainly are CON-
United to Us, and tie latter to the respec-
tive States. Bur how. | pray you, upon
This imaginary division Of interests. is
there proposed by The measure a sounder
currency for one than for The other!
Does the gentleman admit that the paper
money is inferior in value Ia The gold
and silver! Il he tloes so, is not the
! admission felO de Sc to his proposal
which is defended, IL have understood
him. upon the ground that paper is no
! deprecated, and can be saved from de-
4 nreciatinn anal Is tho rafnra ann.l a, mold