The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-10-20

Cd TO labor, and contracted debts beyond their a.
putty TO pay; specnaions were uppermosl in the
minds OF every one.
The Executive Of the United States seeing the
public domain rapidly exchanging for cfcdi on
the hooks OF The banks, determined 70 check H.,
aud issued the Treasury order of July IL, 1896,
directing tina, nothing but gold and silver should
be received IN payment for the public lands. IN.
der The operations Of thus order, those engaged In
purchasing public lands had 10 procure bank pa
pr, dfa~ The specie from bank and transport il
70 Tie land Offices; u no sooner paid into the
land Offices than the receivers Of public moneys
deposited II again lalo the banks to the credit Of
ttc Government; thus the indebtedness OF the
baHks Has daily AVID apidly increasing the bank.
efs, fearing that TIE public deposi,cs would be
called for ga metal became alarmed at lhtir own
condition, closed their doors, aud susfended spe.
cie payment, Thereby putting il out OF lhe power
Of Tho tSvcruuort to pay The public dues accord
ing 10 tas, la specie OF its cdUIgslent.
The tsaid Mr. r., Is brief sla,cmcnt of the
causes which have produced the present embaf.
fassncnts and clslfess that surtoIud as; It was
IN uaiartuuate iamporing with ihe currency aud
the public dep1sitss by The Executive 81 he tlai.
ted States. or troubles have cape pooner, but
come ligl!sf than thpy would have done lad the
Treasury order never existed
Nos Tor lhc remedy Tho bill reported from
the Committee on Finance, Imposing additional
duties On public officers, lie understood II, IN.
TENDS 10 cot loosn the Government from al banks
aud to authorize the Treasury Department 10 keep
and dlsbarse ss well as collect thc hole reyenuc
81 lie oogcrnmoni. dispensing hh hanks as ~.
cal agents altogether. 1his policy. lie thought
might vel DC questioned. 1t would sir.he por.
l'on o. tie American People like shock Of cleo.
tucilg, On account of the Increased paifensge and
pu~c "a q uusI ounleF on The Executive affn of The
6oyofamtst lis had never teen en- advocate for
nslng hucr ufthe state or Local Banks as hsoAl
agents 81 the Government, theg coH'esu wl9hiE
themselves anisgoaiat priueii..ss, each Possessing
Separate v'Ows end lesi ue {. lAe loi0r. u their
own sie. kho,leis, th,y e4nuci u ., ual act 10
gtiatf Ia transmitting O. Gishuf=.ng gl. public
a,oacg II ne Upned States as4 - loas a. III,
are ussd dsf.os3egics 81 lie pa ic money, tin.
Aaifsts1seHn sod 0ccss .snal usses nny bc 81.
rHcitd.
NJ. T. SAD t'rai Be was opposedto tskirg spy
cauut afic lbsl waold bass t,g lpncY ta .,l.....
- - 5g4h GeNt fbt state bauks: tho i a. Is we're
snrgsnsrc so s.tsbis.h state hauks, to sscp down
a Baok OF the tu,'se States; ,iey haJ .t,d lll.tr
pi,al IL very large amount 20 llre .asfataa,
many q lhcse bsnks acre petite saasui srt
este nenc Hlofc ~ than tie bstA4 If tar Sts's
aat,os 20 soc phat ert.ss. tHa Executive. atu
e'hcf bsrls raaG 81 would te s.,sra.as a. 40
carly d4y. 20 resume spetis l4j uea., aaa aaaest
~ x fsasttn Ill i',tf F4pcf sra .a c.#.@ .aa .e
te's o. discourage o. ptUcfat1Hfate r. les. ar
bjeci 4 wss ifue that tgt h.ass .ra a.r ass..
sen " f4s rcatins sPet,t ayueuf end e. aH.#s,
tag tlc GJyefaHsa a. tui NO sa1uIa .a. a.sfgHa .y
plth thsui a tlnele breath trra f.r irt-.Etr
salinr q lae state banks So SSH. ra ..s.t rr.
Steve tuuf paper to r-Ymea e.! tH..s aaa sa.rs
af tbs gab..I lands, sii, tfftse H.tF aet D,al ell
tbe yAlue q 81 Ihr giogeuy o. e., raas.ta.a,s
vested s. ,hsse tanss, iac.ed. o. 81. tHr H-.#eJ,.
OF Cycft ctsrfi atom end he gat uat rft.afsa ,a
sanction tueil oaatsr. H. he laaIuza.u VIC
Meet, s3sc - iapd stAc, uosct uHa.s,vr N.t
hos lad i god gele-.s b. f-f Bee AZ. r.-
neyed tfAysse,iyus IN ias MrHstu s.a'r. 80
ma'ttr dowever Oh ~ raEe,d paHst rat aa. I
contains wasds, lclters, and hguf.s ,ee.- lE ..s
receivable !ef pghIic lauds, q o. g.a5 as d. an3
Il matters noI SHAT And ID ,uoueg h aat be 81.
uoi rrcsn wed in he land sficc, & 4. ct D.., F.-..
sad cbanrrabc ,slue. Il bud. as 80 ,rsa t.s
hauds pl he poafrt clsss ii lhc caumuauy t.sst
ara Liable n = inPa.ed and sbased Is 'Hs 5.g..
ia ~hu-s hasas tie bdtst cn'unoy VS. always
iaaud This would he thc ,fse' ~ Tie ssleru
rug.lr, II We 5efBse TO receive thg FapsT % l5lt
bsukp 81 ra1mrpl Ir nc pubAe LANDS aug he
len IL os Senator'S repfcsett'ug tbc Interests o'
banks cat oE the mountains " say What wouia
- ~ eject 90 hr iutcfrsl uF thtif constituents
should tbu Ceuersl Gu,cipfpenl teinss 10 receive
lbelr bank fuPcr IN payn,n, 'r revenue, shove
al things CoucttFs should establish and maintain
4 uniiufn currency. llsve fctlcmen t1rFotlcn
how frrctblg the honorable Senator from Souh
Csrolias Mr. Calhoun described tho influence 81
thss Government on CURRENCY the other dsF. "a beh
10 SAID. u ne Urrsd States N,rid bui rud7fso
tho un'r % lhe bteEer g ~ pass ., par and
vail that ) nElaf uua sa5 = very large pIanor'
ron n tic pcoqls 81 n' country, We e4rnot Te
cove the oarQE ii your banks Tor public dul', when
Is, thai single act De- wililankruA thousands who
have s,fong claims 18th On the justice aud tue
elsmrury Of hiss Government
M r ~ ia he won'd not dctsu tho Senate III
so a,temp, 10 sbow what flee, the measures be-
iurc q would have our commerce Or cAchuu
gcs Nc IN tia, Ia ahrr banis lie ptslcudcd
only 10 take a plain roGmon sense view of the
mischieYous tendency on The 'nttfcst 81 his lame
date constituents and 70 eater his protest IN their
behalf against the ru,nous ecnS'gueucos that Hlnst
follow tl,e passage ~ tho till viii The amendments
proposed lie said tie course that ltU mar led out
fot hlmscl 10 pursue compelled him vote against
the able scnstors from South Carolina and Mis-
sauf Th,ir amendments, ii adopted, looked ios
f1fasa the part al this euvrfuneni az an carly
dsy 70 receiving or nsiHg, IN tie otduary 'fansao.
fIaus ut his IpycsHuieui, the paper u az bahkt,
aud return 90 q metallic currency. This. seid
be- hooks we'll on ruler, but IL was impossible, IN
4is opinion, 10 reduce 1t to practice. There sure
II vas no, metal enough 20 answer one.hslt tho
business transactions 81 lhls rrrat growing conn
try II was on a mlied currucuey, partly paper
tssBs Oh a metallic basis, dat our county reach
I'd tho summit of It's prosperity and who could