The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-10-27

relief does not tally Nth their own un-
reasonable expectation. that iheFsfose no
relief u al has been extended. 6reatre.
lief has. in ny handle Judgment. been afs
forded. and al. that | think could in rezs
son have been asked. But our lirsl in
guiry i. what !, behooyes " 10 do IN re.
ference 10 the revenue. And IL 10 evident
lhai The FIRST thing i 70 make immediate
provision for The supply Of the exhausted
treasury. and put aside such claims - in
ihe present state Of things ought not 10
be made upon il. This, 50 FAR as the &C
lion Of this House II concerned, has al
ready. been done in The passage Of The
bills for the suspension Of The fourth in
slalmeni % the states under The deposiie
law, and the emission Of The zen millions
OF dollars in Treasury notes, a. before
mentioned; and il 10 nexl 20 be decided
what course shall be taken 10 avert, il
possible, recurrence Of the present ca
lssirophe % he resenue. For this three
plans are presented 10 our consideration:
First. national bank; secondly, con-
,inuance Of the present deposits bank sys-
TEN, with some notifications: and lastly,
The plan recommended by the President
and Secretary Of the Treasury. and pro-
posed BY The Committee on Finance Of
an INDEPENDENT TREASURY. The first
Of these has probably bot lew advocates,
and has not been distinctly brought Tor.
ward BY any one, bot we well know that
the anxious eyes Of some of this body
are turned 10 il as the psnscea. the great
calholieon. for all political disorders--as
| the only instrument through which the
country can be saved; and we have heard
as much IRON the gentleman who has Just
taken his seat. But TO this measure ma
| ny objections present themselves: First,
public opinion is. as believe, decidedly
against il. and that. as have already said,
is al last The test 10 which every act Of
this body must be brought. Secondly,
the present chief magistrate oil The nation
stands solemhly pledged against il. and
must Of necessity veto bill for IFS esia-
blishmeni. even if majority Of both
Houses of Congress could be induced 10
unite in its passage: and no one has the
rashness TO assert that IL is 20 be spoken
| Of as possibility thai lwo-thlrds Of these
bodies would concur IN overruling the
Presidents veto. Thirdly, such law
would, in my humble judgment, be in
conflict with the Constitution Of the Uni.
ted States. Tell me not that the contra
ry has been settled by authority. The
simplicity Of that instrument was never
designed TO be marIed by the comments
Of the learned upon il. II was intended
for the perussl Of the plainest man in The
country, and thai he should understand it
wiihou, any farther help than know
ledge of his vernscular tongue. Tell me
not that in process of time the readings
| upon it are 10 be so multiplied, that, in
stead of pamphlet Of few pages, vo-
lumns must be read to find outfits mean
| ing. No authority for United States
Bank is TO be found in the language Of
the Constitution, and I, for one, will lis
ten to no sophistical reinemen:s which
may seek 10 place il there by inference.
Fouflhly. such an institution is alloge,hs
er inexpedient. and totally inconsistent
with the heal.hful action Of our political
system. As well might we expec. the
| globe we inhabit to pursue the orbit mark.
ed out for il by the hand of its Creator,
should some mighty comet come within
the sphere OF lis attraction. as that our po:
litical system should quietly perform its
proper functions with such nugrnn
imperium within lis imperio. There is
another reason urged with great force by
the Senator from South Carolina, who
sits near me, and that is The triumph
which would thus be achieved by the
bank over The Government. The attitude
assumed by that Senator in relation 10
this whole subject, is one OF high moral
sublimity, in which he has nobly sustain
ed himself. both by his matter and his
manner; and the argument coming from
him, that be would not yield 10 such
triumph over The Government Of his coun-
| try, is an argument which does credi, 10
the heart which conceived. and the lips
which uttered il.
| The second plan is the one proposed
by The Senator from Virginia, 10 which
be win not find many supporters from
any real regard 10 The plan itself; and il
he succeeds in procuring It's adoption, il
must be through the fundamentally Of
those into WHOSE motives il does no. be-
come me1o inquire. But as thai Sena-
tor has addressed his old friends, he will
allow me in their name 10 address him
in return, and to warn him that when
with foreign aid he shall have succeeded
in beating down his old, allies, il would
not be long ere he will hear the shout Of