The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-11-17

Ia
'ias been opposed TO such an institution AZ nncan
:, stiiulional, inexpedieai, and danoeroos In,
nave ever dreaded the UHion of the poliiical ans
: '"oH'eo power aud the central action of the Go
sefh"ch, 10 which II SO strongly tends md a. al
tIihes nave strenuously resisted their ipnc,ion
me ana experience have confirmed the truth n
thelr principles; and this above ali Other n.,ioS.
Is he one al which il would be most dangerous I,
oepan ifom Them Acting Oh them, have peye,
gwen my counlenaDce or support 10 a Natioua
D1h"' but under compolaion which felt 10 be
"peii'os' and never without an open declaration
: 81 ny opinion as unfsvorG5ie 70 Bank
Ia supporting tie Bank Of 1916. / opeslv do
c!aFea that 40 question &c Bovo, would be Dc.
claedIY against the Bank aud Weuid be The last Ia
gave u ny support. also stated that in soufart.
ing Ae Bank lbcn yielded 10 the necessity nj
tns care, growing out Of the then existing and
iong established connexion between tie Cavern
mtht aud The banking system. took he erouDd
even at that early PERIOD thsi &C long as lie con.
ne1ion existed 80 long as the GoyeFeiaea, receig.
90 and paid away bank notes, as money. they were
pound TO regulate their value, and bad no allerns
i've but the establishment Of q National Bank
lound the connexiou IN existence and established
oeIofe my time, and over which cuuid have no
ooh''eh yielded to The necessity in order TO cor.
rect The disordered state Of the currepcv. which had
I all - S "' S""d'I OF Tue states.
go, u'u'o ho' festfst' Just as any
heye that Louisiana was unconsliiutioualy admit.
"a mo ne Union, but Tho would nevertheless. 1
leci compelled 10 vote 10 extend tic laws 70 that 4
Niite, as one q - members on Tie ground tbst
~ admission was an act, whether constitutional \
OF unconstitutional, whici! be could no, reverse.
In 1854 | acted in oonfarmit. 10 the zane priu.
cipie, III proposing The renewal Of the Bank char
va,,d ~ o1Jec'' as expressly a.
in, bc,v.., ~. $3.50, NY JAM - o,eah me eonne1'
,er, o,,J,,,t,. a"o '.ie o1"A''g 'sS
which b,.,,..' - 49, t'e ca'aafnPhe
i, ,,r,,i.,. - 's' '''1 !" MIN ~" c'ear-
T., ia -, i''1A'oA v H#tH u,HsF'c
H., :" - = - 'i'F y 81 loheh w
c.o r., 49,, -" f'' '''' ieel i'FseH
,'''is - 0''''ose ny eeaise On lhis
i, c,,.,..-.,.;,s, L, 'N X ba.'H' ac'
,,i-,I ,,. Sc ch''5'
.ohisg, me- s1''u ~
.;..
!, ~, I, = q g 1''o' ~ 'ae bankS
+ $40 h',,tI ''Ins 'Iii'''ea . Na,ian.i
,,r,reoe : 80 oes0no ata o9lhFteHends
enc b;,b =, ~ ',1'uie isauls . Tue cur
~ ''e oe-'s'e' an q me Ia 2
a.. ~ 1'oa has most PefhIeious
''i"N "''eiey maj II tthes 10 as q
: ''', o'"ti'} q value "hich =
''''''u lu' eity' ahd Is among M :
-; la 'enutuey . g f4h-''H 1ho q
iSi-es H@s sti1''u - A'C'- i
. 1865 - . currency ihtf "re ~ Q
y opinion a. heSt "llhou' me iefuisHe quaH"es
2 Constitute currency even Mheh aneohHttleo "
'ilh 'he government ana arc county as"4la',Heu o
reason ~ tust e"hhsAoh' "hlet su1J'e's 'o''' =
, sudden expansions shd eeHtFaeitohs' ahd expo r
es inem 10 iGial catasrCphes sueh as me present q
d ,st..s i,sr 144f4 stFr u j
ties not merely on account Of the credit Of The in. tr
tuition by which it is issued, bal because TO. e.
receives il like gold and silver h oil ts al
ues. ard ihns adds is own credit 10 lhal OF the p
ank II, in fact, virtually endorses On the note OF
very specie paying bank receivable y Go5eru- u
,eut in as dues 10 understand hoW greatly Al
ii, adds to the circulation OF bank notes, we must u
emtmber that Government Is the great money d
laor Of the country and the huideE c! inmensG II
ublic domains and that it las the power OF crca 70
nga demand agaiasi ovcry citizen a high a. II =
leases 10 The shape OIL tax DUTY, hch can be ie
iscLarred as the law now is, onll ty bunk notes ~
r gald aud silver Thls OF course, eanuoi but add a.
really 10 tie credit Of bank notes, aud contribute
much to beir circulation, though il may be diff
ult 10 determine with any precision to what ex- q
,st 1t certainly is very great For why Is II Y
hat an individual Of the FIRST credit hose respou
ibilty is SO iudsputabla that lis .utad Of equal t
,redii endorses his note Tor nothing should pu his
iame with his friends, being their l9int credit, IN
10 a bans and take out the notes 81 tahk, winch !
: in fact but the credit Of the hapk Itself, aud pays
q, per cent discount between the credit OF him. 4
self and friend and that Of the bana' The known =
aud established credit o. the BANK may DC one Ies
,on, but there is another and powerful one. The y
Government treats the credit OF the bark as gold
ind silver Ia all its transactions, and does not treat
nc credit 81 individuals in the same manner. 10 d
est the truth, et US reverse the eass and suppose
he Government 10 treat tho joiat credit c: the G
individuals as money, and not the credit OF the =