The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-12-22


can see no reason why !; may not cohtinue'o
do so after the expiration OF the two years
As no one could have anticipated a course
SO extraordinary, the proh'bilory clause oil
the charter above quoted was not accompa. +
MED BY any penalty or other special provls- +
ions for enforcing II; nor have VIC any gen
eral law Tor the prevention OF similar acts
in future.
But it is not in this view OF the subject
alone that Your InterposiIion is required.
The United States, IN settling with the
trustee for their stock, have Withdrawn
their funds from their former direct labih'
~ to the creditors Of the old bank, get nuies
Of the institution coniNe TO be sent iofth
in its name, and apparently upon the au'
thority of the United States. The iransac.
tons connected with the employment OF the
bills Of the OLD bank are OF vast extent ; AMI
shouldthey result unfortunately, the Interests
of individuals may be deeply compromised.
Without undertaking 10 decide how far Q!
in what form, if any, the trustee could be
made liable for notes which contain no OBJ
ligation on its part; or the old bank, Tor
such as are put in circulation after the eX.
piratinn of its charter, and without ITS an.
thoriy; or the Government for indemnity,
in case of loss, the question still presses u
self upon your consideration, whether i +
consistent with duty and good faith Oh IA
pat OF the Government, TO witness this
proceeding without single effort 10 arfes' Il,
The report OF the Commissioner 81 the
General Land Office, which vii 5e land be-
fore you By toe Secretary of the Treasury,
will show how the affairs OF that office
have been conducted for the past year. lhe
disposition Of the public lands is ore OF the
most Important trusts coafided 20 Con- ress
The practlcabillty Of retaining the title and
control of such extensive domains IN the
General Government, and al The same time
admitting the Territories embracing them
into the Federal Union as coequals ws'h
the original States, was seriously doubted
by many of cur wiSest statesmen. All fear
ed that they would become Il source OF
discoFd, aud many carried their apprehen-
slons so far as to see IN them the seeds OF $
future dissolution of the Coaederary. But
happily our experience has already been
sutlicen; to quiet, IA great degree all
such apprehen-,ons. ae position at one
time assumed--hat the admission of nes
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