Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-11-16
NO. AZ.

lie showed the absolute necessity of .
national currency; the power OF Con-
gress over such currency, whether me-
tallic or paper, onG the propriety and
expedIency Of establishing bank. a.
the best means OF exercising .bese pow
ers aud fulfilling these duties. sgreed
then, and agree now, TO the general
sentiments expressed in that speech.
heartily and entirely. ! would refer
TO At on tins occasion, both as an able
argument and a high authority, and
beg 10 adopt u. as setting forth, in n
strong light, the sentiments which an
now endeavoring 10 enforce.
Mr.. Calhoun here rose To make an expla-
nation. lie sad that be lever saw lie re-
Poticrs noteS.oi hs ,ycsch GA that occasion.
aTd therefore, HhAi hc d,I say. may net
have been what he ~oul! have sad There
we're points If omission IA that speech which
occupied column and halt OI the Nstiousl
ihieii,gencer. Mr. I. SD. that he took
care, then, az now, To iuttlfy hin.s~lf, and
leave road open to oPPo., IN Sny coming
lime, nsionaI bank Tie Their sad that 10
~ss opposed IL bank. bat that be Submitted
10 the Necessity &c the ease. There was then
AtgN ttlAttn TIE bnNeIin4t ~ oI0
the banks and II the Government had 4 right
10 rrguiaie The rurrrrsS HhtIe ass 10 mrats
- doing 1t bGt By . nsii0rsi tspk lie he'd,
.. IA then, aud smce ihcr. co'i, nded that CO.
'efnment had no r,ghi a have any connection
with any backs D. h.s 'pin.up. The JnHed
States Bsnk tshict he then advocated. and
assisted 10 s-isbIish) WaN rot s.i.hii.h.d ac-
cor'iins - tie Consultation. otgrrS- lad no
right 10 esta5. I'll ~. bslk he seisdcun-
irsr, L. 10. osp impf-.si"n- C right. Many
peop.o ms, do Ihirc, ~h,,h the, ID Mt h-iis,e
H. lie lawful. itom B,ctssH. lie acted fem
nccr.Ity I
Mr.. Webster, respming. Lis rem arks.
SAID he thought tic genilcu an haG said.
formerly. that VA consequence OF The
decision OF the question, he feltihence-
forward pTecludcd from opposing the
bank as being unconstitutional.
Mr.. Calhoun again explained Tie (Nr.
C. thought the cobnr lion between t.oVsrn-
ment AMI banks Wa> now broken. and that set
hin at liberty 80 that tow he could oppose
what he had thea, and since. earnestly BdVo-
Gated
Ii is not ny desire. sir 10 hold the
gentleman TO report .of bis speech.
which lie NAV choose, even now, 10
disclaim. have never heard OF has
discIaiming 1t before; and cen now.
sir, do pot understand him as being
DESTROYS Of Tetrlctng or denying any
thing contained i'll the pripted report
OF hIs speech, respecting the importance
OF uaIiorm national currency. That
topic makes Mp the sum and substance
OF has whole speech. Ii as the topic
OF the OCCASION, II was the express
purpose for which hi, coumiltee had
been raised. and for the accomplish
ment Of which tile v hole proceeding
was gone into. Ii was all currency,
currency currency, snd whether the
gentleman now thinks HE law consti-
tutional or uncunSti:utlona lac cannot
deny that his own object. and the OBJ
ject oi Congress, was 10 furnish cir
culaiing medium for the country. And
heIe, again, so uriH poItsni. relatively.
Was the mere custody or Geposi,e Of
the public moneys ~ the bank that the
bail, as originally inhojuced, Contained
10 provisions lor that object. a sec.
ton Vas afterwards introduced IA Com
uiites OF the Whole, on MY motion,
providing ior the dePosite Of The public
moneys with The bank. unless the Sc
Creiary OF The Tr.a sury should al any
time. otherwise order and dlreci. a re-
ser, aiIon Of power 10 the Secretary,
which. as ! think, and always have
thought, was greatly abused by the
removal OF the depOsdes. ~ 1893.
By reference TO The debates, cir. u
will be found that other friends OF tba
measure followed up the general IDEAS
o. the honorable genilen an from South
Carolina, and supported the bank, asa
Necessary agent or instrument IN es-
'ahlishng anew. national currency,
iJI ,he uses Of commerce and exc hange.
The operation Of ,he Ioini resolution
Of April, 1916. uded, 90 doubt. 10
proper deglee, by the Institution Of the
bank, ami The currency WHICH u fur
uished. accomplished the great end e
The resumption oi slecie psy chis.
and, for a long rcncd We bad 10 for
ter trsuble with The currency.
aud now pFocsed o. lay. SIR. that
The late Pfesltcu; II tie United States
has acknos LEGGED tbi, duty o. oi,er,
and a, fully and clearly. ~ spy 81 his
predecessor. Ills ,anaus admissions.
90 TcCcg nluons. ct thn Obligation, are
COO recent add too lrc,h in every ones
recollection. 70 require ~ 20 justify.
particular citation AZ Tie evils We
n0N icel indeed. ve have encounter.
ed 90 she search aner o t1ttcf cguen-
81. r. has been 20 'tr afov ed attempt
~ dI-sharse tbe 4.ly a. Government.
connected vrh the cuculstlon. that
fhc lre administrator hss led us 20
q here We uow are 1he VetV fnt
charge llat tie ls'e llrslttnt ever
bloukbt agsipst 'be bank. vss. ibst u
bad MT manisncd q sound and uui-
rom curfeucy Most persons pfoba-
bly,, vii think the charge guIe un-
founded SET ihis ess ibc charge It,
deieitciion 81 datS. of ii, Nsnt ~ sbil-
" 10 perform v bat bad been expected
f. a e.