The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-11-10

ledge can eight hundred hanks, scattered over our
vast territory. have Of the ae'oai CONDITION o. eaen
otAer7 II Is 10 vain that statements oil y DC Pc
riodically published Ii depends. al least mainly /
npon the .o!ysncv o. the debtors TO the bank and
how nherever their names not known, can I
that be ascettaInedf
Ias,esd of coming to the aid Of these PROSTATE !
institutions, and assisting them by uiid and pa
rental exercise Of your powell in mode sanction
81 and approved by experience, you propose 70
abandon them and the country IN their fate
You propose worse to dlscrsdn their paper, to DIS
trust them even special repositories. and to de.
nounee against them all the pains aud penalties Of
bankruptcy.
How and when will they resume specie pay
meats Never, as far as my information EXTENDS,
have sxertians been greater than those whIeh the
banks have generally made to open again their
vaults /. is wonderful that the community should
have been ADLER b bear. with so much eomPosure
and rssc 4iion the prodigious curtaiimenis which
have been made. Confidence re established, the
forcign deb, ex,inguished, and national Instiiu-
ton created, most Of them could quickly resume
specie payments. Some of them, urged BY high
sense OF probliy add smattlng usder severe re-
breaches viii no doubt make the experiment OF re-
suming and continuing pay ents IN specie. Ihey
nav even 20 ON u while; hu, without the co-opU-
the cooperation Of national bans, II Is to be sp-
pretended that they will be again seized vith
parslvsis Ii is mr. deliberate convict IN that the
preservation of the existence Of the State Banhs
themselves depends npon the institution OF ~.
iiYnal bank II is as necessary TO them a. the u
Mon Is 10 The welfare OF the States IN our political
system. Withou, IL no human bong eau ioresee
when We shall emerge from the difficulties winch
surround Us. II has been my fortune several tunes
10 Sc the country involved N sFca, danger; but
never belcre have 5eheld il enoompassed with
anr more msnaeiag and porteataGs
Entertaining the views which have presented,
ii maY be asked whr 60 cot a! once PROPOSE The
establishment Of a nstoaal bank. have already
adyerted to ths cause. Constituted a Congress
nox is, know that such proposition would DC
defeated: and that il would be therefore useless to
make it. | 20 no, desire 10 force upon the Sena'e,
ar upon the conniyT, against ds Siii, y could,
mr. opl,iioa. however sinctTsly and strongly en-
fertained II national hank Re established, II
stability and It's utility wii depend uPsn the gene
raj CONVICTION which IS felt of it. necessity. And
until such = conviction i deeply Impressed upon
the People. and clearly manifested BY them. Il
would in my Judgment, BE- un"ise even TO pro
pose bank.
OF the scheme OF the Senator from Virginia
fMr Riyes. | think now as thought 10 1881
DO not believe that am practicable coansxna O.;
State banks can supply general currency, Be a
safe depository Of the public moneys = aei eth
GENTLY as fiscal agent of the Genital Govern
rnenL vas not then cpg1seG p the Stale banks
in their proper sphere. ! iEoqEhi that they ~ou!d
no, Be relied upen q form exclusively banktag
system FOR the eoahtry, asthUaga iAry we're esseu-
ti4 parts q -tasfal stem.
Tie amendment II lite Senator, considered Is
measure 70 bring sboat ae resumption q speeis
payments 50 nach desired, / ihns must fail! Tie
rneiire which /: ho!ds agt a. the rece sabthty 10
all naymenis to tie Government 81 tn paper Of
such banks as ula7 resume hv gwen day, coup
led stir The conditions prepased, i wholly made.
qa4te. 1t is an ofier q gat nlnarea bans saa
the rsyeaQ@ payment n Which p tHeir notes =
held ont i the induceucat, amounts q some :wsn.
" or taehty.tlge pasoas. p cnfltIa them p 'he
iacoasldsrable extension q .hei- cfeai4ton, whch
would result from lie cred. gwen b Gayerntneut
h the papcr 81 all IF then. taey 4Ee ft4 arsd 2
subuit r. suppression II all nofe. hel9~ iye aoi-
lars. and 81 very distant pef}ac = al tttJN
tHentr. Tbs cEl4rZfmsrt q tae.r eECu1 lon,
r-gdaced bF making il fccet.stie v b9sernm.n',
would b. mach rs. ta4a .e contraction ehioh
agu,d arfs- from t4e Suppression II tHe prohibited
notes nsai5es, if tie 8u4't.Y proposed again 70
he auached TO tie H3'f. II taes- Aac4l aRnss was
Insufficient to prcyea, Tie Suspension, ha~ can i
b. sfFieaciatt enogr.. 10 stimulate resumption d
specie payments
shall. nevertheless If called lran t. ziye vt.
between the pfoiec, Of the Admin sgrs mo and the
amendment eli The : nsler frdm Virginia, vote iof
the later, because il Is harmless, u i ctiects pig
good. and looks - the preservation Of the Stale
bangs; whist the othef is trs8aat vita Bgt=e3ieis
as believe ard tends, Il j be a9t designed, p tae
utter destruction 81 these institutions. Boil, pre-
tefriag u eitber the postPoasulent moved BY the
Senator from Geotgia, saai, n tie rst instance,
vote % that
sgeh, Mr. President arc the views which en-
terrain on the present state ot car public affairs
IL is with tie deepest regret thai ] can perefsfc
no remedr bgt such IS To tha hands 81 the Pee
tie themselves. Whenever trey shall impress
upon Caagfess a conviction Of that uhich they
wish aaalie5 they viii obtain t. and not before
In ths mean time, lei as 20 home, and mix "ttt
and consult our constituents. Aud do moi ] On.
treat you, let us carry @ith ~ bIfDi7g reproach
that our measures hsre display selfish sollcTiude
for the Goaernment self, but cold aud hsartlsss
iasens.bity 70 the saifrrngs Of bleeding People
Good net0s for sin MERGERS and MaaH.
f,<ttyes The Onepn Victoria Intends If