The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-11-10
uR. cLAY's SPEECH.

=, ,s,Ses: and to-day We commence
Ne .peesb Of that able and patriotic states
an. HEssr CLAY. Aitsr an attentive
,sn,..I q both, our readers will be qua
lei % ssy which has produced the most
,,a.ssusbIs arguments. We have full
,0ukJenee ia the Judgment and good
.,n.e Of NJ people Of orange county.
.ad ne saabt nor they will make true
,,,inaS Of the arguments thus placed be-
ar them. Win the editor Of the STAN
5,rl manifest the same confidence IN lis
ra8er.. BY placing before them The
,pscca Of Mr.. clay' J.. ~. ~. !
Hs have no desire 10 introduce Ibis
,ssea with ans remarks Of our OSn.
| The Arguments and the facts are too POs-
,sful % need our feeble support. But it
u,y M, be amiss to refer slightly to Por-
s,n If the history Of the last Few year..
No policy Of the government has been
more prominent Than is hostility to the
lie Bank of the United States. II seems
~ ave been the great pivot upon which
have turned nearly all the political con
lists Of the day. And Why was this hos
aiyl hid the Bank fail in he chief oh
,sr, Of its institution. the regulation Of the
exchangesl Did il no, carry on the fs-
calconcerns Of the government With great
ability snd prompness. No complaint
Of iaalequlcy in ihe discharge Of the du-
,ies enjoined upon il, haze been made.
No real and substantial injury has been
shoan TO have grown out Of il. IL ac-
eOmplished the full end Of its formation.
better currency was never enjoyed by
any people; exchanges we're never cheap
aihan when controlled BY il; and the iis-
cal affairs Of government were never bet
ter administered Than when under il con-
troll. Out these advantages we're all 10
be thrown away. and a new system in.
lrsluced; the evils Of which we're strong
" portrayed by the friends Of the Bank.
But the matter was determined upon; the
leposites wtre removed from the Bank
d the United States, and the Deposi,e
Bank system went into operation; and
the wc!kin rang with acclamations Of
praise to the patriotism and hrmness Of
the administration which had accomplish
ed 50 much good Tor the country. For
a while prosperity seemed TO attend the
measure, and the Wings were pronounc.
E! to be false prophets; Cor the facilities
Afforded By the Bank Of the United States
had no, ceased to operate. The proud
sOasiinss ofthe party were loud; and the
Central Committee al Raleigh, in a PAM
pile, widely circulated in November last,
could not lorbear to exclaim:
1.-THE ruin which was predicted in con-
sequence Of removal Of the deposites
irnm the United States Bank, has nor
oelaliea the coaatry-the evils which
were fore,old as a necessary result from
The other prominent measures of the go
'ernnent, hare not orsrfdken as. The
Whole land is covered with plenty and
HOsPeri,y," T.. '..
Hut before another six months had
passed, and while the echo Of these pe-
ans continued to vibra,e upon the ear, the
Catastrophe long predicted burst sudden
y upon The country, and the much land.
gu peposite Bank system lay PROSTATE in
me dust. All the predictions Of the
wings were more than verified. The
experiment" was completely exploded,
anu desolation spread her sweeping wings
l'"n Maine to Louisiana, and few, very
lew, are there who have not been over.
Swallowed by her. p.r- r..
The superiority, then. Of the old sys-
VEN which has supported our government
uurlng forty years Of its existence, is
s'early demonstrated. And We may adj
''ess You in the words of the committee
" whom we have just alluded. and ask:
'an it better the condition Of the PEG.
Pc TO revolutionize the domestic or To-
'e'sn policy of the government. On the
On'Fary' we fear, it might produce dis:
"'uer' confusion and danger. 1t nigh,
put our country in situation not unlike