The North-Carolina standard., 1837-10-25

hey can dissolve il as BY q breath. Hesist.l
lnce on It's part would be as vain as that OF
/ school boy with reed to q Roman soldier
IA full arfner. Government can haye-no in.}
.erests but those of the people; but the peo-
Die themselves have interests as q body poll. It
Lic, and they have interests as individuals !;
the former mainly are committed to us, and |
The latter to the respective States. Butt
how, pray you, upon this imaginary divis-
ion of interests, is there proposed by the
measure sounder currency for one than for
the ,other?; Does the gentleman admit that
the paper money is inferior in value to the
gold and slver9 If he. does So is not the
admission .felo de Sc to his proposal-whlch
is defended, If have understood him, upon
the ground that paper is not deprecated, and
can! be saved from depreciation, and is there
fore equal to, gold and silver ? And, be-
tween equal things, how can the terms bet
ter and worse, inferior and superior, be APP
Piled? But do not admit that they are
equal; and it is mainly upon the ground that
they are not equal, and-although men may
so imagine-that they can never be really
so, that / am opposed to this scheme. For
the people, as individuals, have no right to
legislate, and therefore leave them In the
enjoyment of their birthright, to take what
they please, and call it money. But for this
Government, Congress has a right to legisr
late; and esteem it., for lone, a part of my
duty, as portion of that. body, to demand
for the people, in their political character,
the, currency which, the Constitution aus
knowledges; the currency which admits of
least fuctuation !; the currency which the
public creditor has right to demand, and
that which can be. collected and disbursed
with least injury to the public. But, in
pressing the argument, it is said the public
creditors, while thus nominaly receiving
their stipulated dues, are'in fact receiving
more, Which, Ipray you, is the standard
of value-gold and silver, or paper2 If the
latter, it is idle to. argue; and if the former,
l would further ask if it is not in that you
have promised to pay .them2 And if so, is
it a ground of complaint that you have fal-
filed your engagements2 fyou paid the
public creditor by force in paper, he might
well complain that you had paid him so
much per centum less than you had promis-
ed but it never could justly be; said, when
you paid him in5gold, that you had paid him
more. But fancy picture has been drawn
fers with golden Geposites, which they re-
it not picture merely imaginary, contra
dieting all truth and experience 2 1t is no.
torious that public men, both in England and
this country, Exclusive of the pensionsys-
tenn, which is there in extensive use, who
are dependent upon their compensation, sell
dom know affluence on the contrary, that
they live from hand to mouth. Every dol
lar they receive is spent as soon as they re-
ceive it, and, such as it is, enters into the
general circulation, through their tailors,
their shoemakers, their butchers, their bak-
ers, &C.. and, so far from boarding, they are
lucky if they do not of necessity anticipate
, their means, and plunge themselves in debt
and if the public does not bury them when
they die, it is because it will not, and leaves
, it to private charity to perform that Office.
But the time is deemed unsuitable for any
change in the measures of the Government
1t is said the country is now in great agita-
ton and distress, and we ought to postpone
any important change to season of more
quiet and prosperity. Now, sir, it strikes
me that the very time for a change of mea-
suresiis when the country does not, seem te
! be happy under those which are in operation
and that nothing could be more unwise thar
to make changes when the country wa:
quiet and reasonably prosperous. Wha
would be thought of The physician who, being
called to the bedside of q sick man, shoult
say to him, "My friend, you are quite sick
it is true, but do not think this the time t
! give you medicine. Were I to do so, it woult
irritate your stomach, and throw your sys
TEN into commotion, and you would proba
bly, feel even worse than you do now. Fo
the present, therefore, will leave you t,
your chance, and you may possibly die
but should you be so fortunate as to get bet
ter, why then / will physic you." Suel
seems to me to be in substance the argumen
: against present action upon the importan
! alternatives before US. 7 uha ~ ~.
The wisdom of the past, the practice Q
our own and other nations, is cited agains
the plan of an independent Treasury. Gu
own nation, believe, stands alone in tn
: intimate connection which exists betwee
the banks and the Treasury; and hav
already shown, by the letter which hav
+ read to the Senate, how much our practic
r is at war with the considerate opinion of on
r of the most enlightened of our Statesmen
In England too, where the connection
: much less intimate than here, many of ht
: wise men do not hesitate to pronounce
such as it is, injurious both to the bank an
: the State. In other nations, believe th
: connection is unknown. sta. 49, DIS,
4 The measure, finally: is spoken of as b,
. ing considered war between the Cover
e ment and the banks and this, it is, said,
:, false issue. / agree, Mr.. President, tn;
il is a false, issue-a very false issue
/ false that I, for one, would never be par,
o toit. Iwould never consent I'd join the G.
vernment in making war upon any class
+ citizens, of any class of citizens in amakir
It war upon the Government. In advocatiI
y this measure look to the banks as only il
!. cidentally concerned. 1t is measure of gre
e public interest, and, as L believe, of gre
1t public utility. If the. banks should happ,
= TO suffer by it. / shall regret il and if th,