The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-09-15


transfer Of their funds. sthersise II
Ihr0ugh The facsliiies afforded ;, the p
Office Department. As Justly nighl n
be called % 10 provide for The Iraasnor-s
tslIsn Of their merei:sndlse. Thess sre
operations of trade. They ought 10 he
conducted BY those Who are INTERESTED IN
them, IA '.se same manner HAT Ihe irei-
dental oiiieuiIles II other pursuits are
encountered b. other classes Of citizens.
Such aid has not been dermed neesssa-
~ IN other countries. Throughout Eu-
rope. the domestic as zelI a. ihs GofsIgn
exchanges srs carried On By private hnus-
es. often, II not generally. AIthout lie a.
sIslsnee Of banks Ys, iIsy extend
throughout distinct soyereignlles. and far
exceed in amount The real exchanges az
the United States. There is no reason
Why our own may not b. conducted in
the same manner. with equal eheapness
and safety. Certainly this might be ae-
comphshed, il il Werr favored by hose
most deeply Interested; and few can
doubt thar their "wn interest, az vel. -
The general ~ellsre of d.. country. would
be promoted b. leaving such suhi.ei in
the hands Of those 10 whom IL prap+ rly
belongs. system funded on prieste
interest, enterprise apdromrrn,ian. wlgh.
o1I the AID oi legislative grants or rrsn-
lau0ns By Law, would rsp,diy pros -:
j, would he Tree from the Influence a. .,o-
lIt,cal sg,iaI,on. and extend the ssInr X
empuOn 81 trade Itself; ard q wnuiI nj
al end 10 Inose complaints 0f Gtt.trl,
psrIialIsy, injustice and oppression, = cd
are the una. 1niable results nf inserfs,eaee
b. the Government, m the pTaper IA.
Germs OF individuals. Al former aliru. ats
on the par, of the Government "a nv
on its Legislation, IR hrs respect. fut'aer
'hsn was designed by the Conslnuuoa,
have in the end proved iaianous, ID
have served OIL, TO convince the Vfsat
bvdy Of the people, more and more af
tie certain dangers ri blending pr Ito
INTERESTS with the operations Of public
business. and there - no reason 10 sup
pose that repetition Of them now would
BE- more successful
IL csBnci be cOncesled that there exists,
in our cor muni'y, opinions and feelings
on 1his suffice, m direct opposition 10
each other. A large portion Of them,
combining grea. intelligence, activity. and
influence, are no doubt sincere 10 their
belief that the operations Of trade ought
10 be assisted BY such connexlon: they
regard national bank as necessary for
this purpose, and they are disincliued 10
every measure that does not lend sooner
or later. 10 the establishment Of such an
institution. On the other hand. msio-
! rity Of the people are believed to be irre<
concilably opposed 10 that measure: they
consider such cOncentTatiap Of power
dangerous TO their liberties; and many Of
them regard il as violation Of the Com
sliIuiion. This collision Of opinion has,
doubtless. caused much Of the embsrrassS
menI TO which the commercial transac-
lions II The country have lately been exs
posed. Banking has become a political
topic of the highest interest, and trade has
suffered IN the conflIc, Of parties. A
speedy termination of This state Of things.
howeser desirable, is scarcely to b. exx
pected. We have seen for nearly half q
century. ina. those who advocate a ma.
tionsl bank, by whatever motive they
may be influenced, constitute portion Of
our community too numerous to allow Us
To hope for an early abandonment OF their
fav0rite plan. On The other hand, they
must indeed form an erroneous estimats
Of The intelligence and temper Of The
American people. who suppose that they
have continued. on slight or insufficient
grounds. their persevering opposition to
such an institution; or that they can b.
induced BY pecunlary pressure or by any
other combination Of circumstances. 10
surrender principles they have so long
and 50 inAexibly maintained.
Nv own views of the subject are uu-
changed. they have been repeatedly
and unreservedly announced to my fsl-
low citizens; who, with full knowledge Of
them, conferred upon me the two highest
offices of the Government. On The last of
these occasions, felt il due to the peos
pie TO apprise them distinctly, that in the
event Of my election, | would nol be able
to co operate in the re establishment Of 9
national bank. To these sentiments, /
have now only to add the expression of
an increased conviction, that The re-esta-
blishment of such bank. in any form,
willis. ii would no. accomplish the beng
fetal purpose promised by lis advocates,
would impair the righlfui supremacy of
the popular will; injure the character
aud diminish the influence of our polii-
cal system; aud bring once more into ex-
istence concentrated moneyed power,
HUSTLE to The spirit, aud threatening the
permsnency Of our republican ins.ltu-