The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-10-27

49, ~ AsAFA 11AN&K ~ NNr fEANxA4ti
70 believing. . Thou hast bel
sd IN The bslanre, and found want
Was portion q the sentence wrii
- ~ the fingers a On unseen hand ur
on he wall. against the King Of Babylon
which caused that manarrh's knees Il
smlsa together. and the saands Of quilts
reselry 10 cease; and with great smpha
SIS NAV ~ address the same language 1.
the depasise banks. This Ihs Seaalul
IRON Virgins denies. and insists thai lhs
experiment NOT failed. What wnult
that Senator call failure! Dnes ne re-,
qaire that their hrildings should BE- raEet
from their foundations. and made an heap
and thai their piles Of paper money
should be- etmm'lied 10 flames. before N
Nd acknowledge that they have failed
When . merchant "a any mercantile CON.
munily neglecfs 10 meet his engagements
VITA pupcInalIiy, Who pretends 10 qaes.
lion ms fsilurel But these banks have
not only failed 20 meet their engagements.
but have fiaily declared their determine
tian mi 10 meet them until il suits their
own perfect convenience. What has
brought ms 10 or present condition. but
leaning upan these broken reeds! but in-
prudent confidence in these lsIlhless a.
gents! Should We have experienced any
difficulty in meeting our fiscal engage
meaIs il they had, in faltilment Of theirs.
pralnphy paid up The drafts Of the Urea.
sary upan them! Would the merchants
haze l"uad any difficulty in paying up
ihrIr duty bonds, had the banks. by re-
denr'ian NJ their notes, preserved TO
them a sound currency in which TO com
ply aiih their obligatiOnsi The appli.
ca'ina 81 ,hs merchants for indulgence is
based upun the ground that their inablli
~ IN make payment j. eaiirely owing.
no, 10 the N1nl of fund.-. but Of such
funds - the Government would he WiI
ling .'rereive. Where u the Individual
vim. ,'aE.ag trusted private banker with
ms faad-. would trust him further. after
ms sui. nag draft after dralI 90 come back
dl>h"aar'd. declaring puhhely thai he had
ite "aaey t. pa, with, and justly owed
the deb. but that he did not think It his
interest 20 do So, nor would he do u. I'M
less hi de,ns,Ior would make arrange
men's with all persons 10 whose favor ne
should draw, To take The bankers own
n"les. ard consider them as payment!
Mon'ss ofirendship or Of policy, or "a.
cIlliy oi disposition IN a private indiVIdu-
al might tnduce continuance Of the trust,
si'er Il had been thus abused. upon pro.
Per CONCESSIONS. and = reasonable assu-
rarre'aal faith wUiid thereafter be kept.
But are ne repositories of a ualIon's faith
--ih- ttusPes II a aa,ion's wealih-io he
moved b, SUCH eonsidt ratinns To lend
eredul'', ear 10 such prNmIsesl We
har. had snch Promises already, and
have 80 anv -efHrrv that they will in
future ne m"re' faithfully kept! Have
moi ,he banks pleaded the tyrant law Of
nsres lily 10 excuse ;hpir fault. and will
nee, ,siiy he ess ilnperinus D. future than
W. 6Tdn nov! II is folly 4" expect il.
b. Nbiir iht Senator from Virginia is
H. 18th drnying The failure uf The
banhS, N The next he is offering spolo-
e. i1r that, upon the existence of which
he IS Tainiv striving IN close his Eyes.
lie attributes il IN the frs, place To- sdmp
great mysterious CONFUSION. which he !
dnes not attempt To define. and which he !.
assures Us is never likely to occur again
Next ne refers 10 the deposite law and
the specie order, as furnishing sufficient |
apologies for INST ecceIdric movements !
IN the pecumary affairs Of the country. !
Blu, CHIEFLY he iHpntes the failure Of the |
b"rks IL tire withdraw al Of the confidence |
Of ~. government. and insists that its res. |
tor n',u is all thai is wanting TO set all
chi; - right. Bal how, | would ask, is
Confluence to be created where it does
moi exist! Like love, and hope. and fear, !
1t must be The spontaneous offspring of |
the bosom il inhabits. As well might
the assassin. in par"xysm Of penlteuce, |
seek TO re-kindle The spark Of life in the
BODY Of his victim. as this or sny other
legislative body 10 restore confidence 10 |
existence, after il has been murdered, Ell !
ther through accident or design. But |
gram that We could by the fiat Of this Lee J
gisla'ure wake mp confidence 10 renewed
existence in the bosoms Of The people, |
ought we to do 50, when we ourselves !
have not confidenre! Would il not be !
legislative fraud! Gould we say 10 them, !
You nugh, 10 have the mostimpiicii con-
fidence in these banks as perfectly safe ,
deposltones Of your wealth; as sound re.
gulsiors Of The commercial affairs of the
country; as prudent circuiators Of paper
whIcii they have at all times the power
TO redeem; unless we ourselves felt this
And do we feel il! | for
DDe must confess that | do not. and would |
be putting my signature 10 solemn false
bood we're ! to say that | did. The Se- !.
a a,,r dociarns tbat tha nuI,, raooo,, ,,k., /