The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-11-24
Remarks of Mr. Calhoun
U" he h'a aathoisiEg Tho Issue Of Treasury Note,
In SENATE, SErrEaBfR l9rm, 1887.
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coAcLuDEDl
suppose. then, tie Government, at the com.
mencsment Of It's operation, had selected an indi.
Ftdnai merchant, al any one point ia the Union.
say New York, aud had connected Itself with him.
As u has with the banks. BY giving him the use
81 the public funds from the time OF their eollcc.
Ton until thef disbursement, and OF receiving and
paying away, 10 all It's transacti0ns, nothing but
he pfomisary notes, s1eep. gold and silver is il
not manifest, that decisive control aould be riy.
en TO tho port where he resided, over all the OH.
sFsi that his promlssory notes would circulate eve.
! ~ whore, through ell the qualifications of com.
ihefee that they would regulate cxchsaycs; thai
They wonid be the medium Of saying duly bonds
and that they would attract tho imports and e..
ports Of the country 10 lie ports where such extra
ordinary facilities we're afforded II such would
CLEARLY be tho effects ia tbs case supposed, il Is
qpally eear that Tie concentration OF the curreu.
% al The same poIat through tie come Sion Of
the ''ovsfnnsnt I'll the banks, would havg equal,
4 mol greater effects and tina, whether ore gene.
rul bans should BE- used as an agent. or a league
q banks. which should have their centre there
To other ports Of the country, the trfing sdyanta
ges winch branch 90 dsposifo bank would give
N the sa.o keeping Of The public rosenue, would
b. "a nothing, eg,Hparsd 20 the losses caused 10
their commerce BY couiTaiifine the manied action
oi ibs country ats remote point. Otief gentle.
men cen speak for their own section: | can speak
si'b conhaenee Of that. hich have tbs hoaar IN
rafi 10 represent. Tue eaflre staple states. feel
deep conviction, banks and w. would 10 Tie end,
~ great gamers ~ the dissevcfanee, whataver
might ht the temporary inconvenience. Ii there
be spy ashet .set,ah In which tic eject would be
different, 4 sanid 10 but - confirm tie views
which have presented.
As connected sith this. tlefc /. a point well DE-.
serving consideration. The uaton betsesn bank
ard Government IL not spty ma.u saaret Of that
dangerous sIRaa-en aud contraction IN tie bans
leg system, which have already Illustrated, but
u also oac 81 ihr FrncipSt causes st thai powc-.
ful aHd 4lnas, Irresistible tendency 20 tho INCREASE
nf banks Shleh evva IT, ificnds ses and deplofe.-
d@elt ga thls can't ea a Coz AZ occasion ION Mr.
Nsbslef's Hoiiuh 10 fcucN the bank charter III
1891 and at9 aoi repeat &bgt then said Bat
"a secilsa 70 The csases then enumerated. there
ste many o'l4sn ssfy posefnl ard smaeg others
thg enc apdef confederation. Thsy ~ nav b.
s1umed ~ 10 general eauac We hase made
hausies tan profitable far, sety ia ton profitable
aHd | nay sda, iud3en'iai Gee or the most atn.
ole sources 81 ihls profit ard Influence may be-
tgses5 rs ! haze slnBu ~ thc cuHns atnn with the
Government and - Of course, amoag the p'ent
nehi cHases ~ tbs sirsag and rerssans tendency
81 tie system "a lBestase. Which even it, friends
nFe uaat ha&ity eEctn selm eiti4tr the banks OF,
ihs tnstlsetteas Of tha country. With .lrw 10
eAeek H. EfaNta, ueg have preposed 10 liu.it the
naaltsf 81 banks t4a 'hs aspo8et # banking eapi.
al u ~ saaeAdaept 81 tte gass,iialgaH tus il i
aaviase, that tie lsEt cip NJ ueA uu snt ndmeaE If
L ysfe pfaei8css8e. Naad but increase ile rfuais
and iaaasuve ~ bank capital ard bat iuatlr Il,
s.,,l,t ,s.tiv .t,+. go, ~, ~,
.g,ha 80 ~ tbs ..,..,.,.,.t -,-.,t go -
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4.,.. -
1910 . III
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tats
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-. NEUTRALITY-SUSPICIOUS., ....t. n.
htft 81 NttA &iA. Hat NattaHFAtoatt tt3A MI