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

N he gl0rious sIriir II icl2-i5. ihaI y
wss anneresssry. Hanainrsl. aid unjust.
and hoH naturally sould tlses pnilr them
selves xllh Ihaa upposlll0n which i Ne.
ver inronsidrrahle IN any frre cnuntry
Money u the sinews af war, and With
how liule trnuhlr might IN opPosilian
eul Ihase shines - The very mameni ynu
were al,anl In make nseof them b. causing
The dsp,ssilr banks 10 suspend ihrir pay
mentsi And. ere = sense Il thrir rauii-
ITy's honOr and The danger u their lel-
l0w risIzens, could triumph over their cal
eulsllens 0G interest. aud awaken that pa
IriOllsn, winch was overland hul nol RI
iingnished, Ibe nalian's ilag might he dls-
honored, and her enieeblrd army cut 10
pieces. ~ -. -
Bat a yet stronger objection Than all
that haze preceded u. and that, indeed.
upon which they mainly depend. Is The
difficulty Of compelling these corpora
Iinns tn perform their engagements,
shnuld they choose In nsgleri. ar tind 70
inrOasenieni Ia nreI them. HE Who ex-
poets them puneiually To meet their r.l-
gagrmenis. might a. sum look far the
rain Ia irserha upan his Thirsty fields 81
bis bidding. The ahsnluse conirol IL
wealth il essential To lis enjoyment. ei-
IhsI lar a government &C au individual.
That man Is paoI. aud Poer IS winter.
WIN calls countless millIans his, which
are yet beyond ms reach, While huager
and thirst Pinch him. and the Indictment
seasons beat upan his de.eneeless body.
No MAJ IN ms senses would willingly
place himself ia this silnalinn: hat Vet IL
Is precisely the pred,caaral ia which the
governments asksdIo plare itself. What
means have y1u Ia compel an unA llilng
eorpnrailon To surrender up its hoatds
Do not reason and experience unite IN
iesrhIng us that. a. corporations are con-
stiiuled and iIealsd a. this country, sums
deposited with item, are placed mrssu-
rAbly. il not absolutely. beyond The eon-
vnl Of the proprietor! l.nnk tn the Uni
ted States Bank, the creature III your osn
hands. and therefore, ~ was once EaIuly
imagined. subject 10 your own control.
But you found yourself IN ynur siuInpt
To- caniral II N the situation ~ ihe hero
Of oue nj Gaodwin's noyels, (Fsulken-
silen. II | mistake not in the naIne.l Win,
having acquired some nseIc power, ere
ated monster. aud INFUSED into him The
PromeIhsan spark. lls doubted not that
the same hand which had created. could
cnnIrm. But that position is true ~ re-
ference In one Power only. The mon
sler Of FaulkenslIeH turned upon Ils cre-
stor, aud compelled h'm 10 iy for his lie.
In like manner did the creature ii ynuT
hands DEFY yOur power, and continues I"
defy IL, holding on wIlh The grasp Of death
10 the treasure you have vslniy slri,en 10
" Ling from il. With how much hstier
reason then can YOU calculate on ciifcln-
al control over lesser monsters whirh Won
did not create, aud have no right Ia de-
stroyl The truth il. they haze already
defied YOU. and you find yourself power
less before them. They have driisd The
true majesty Of the country, its whole
people. And have ynu still the vanity To
suppose that, with powers so properly
and rircumscnbed as yours,
with strength, gigantic as it may be.
bound and shackled in the massy letters
of the Constitution. you can bend to sub
mission that which has defitd the nn-
might Of the body from whom
you derive the whole Of yunr strength!
But grant TO yourself, II you please, pow
er as extensive a. you can well imagine,
the laws Of nature must be yet stronger
Than you, and these banks. a. constituted,
will always be enabled TO bring in con-
flict with you; nav, even to indnce your
own mssiers--lhose in whose breath You
live and move and have your being, To
array themselves against you for that brief
and critical moment which embraces the
main issue Of such a struggle. For ex-
ample: by extensive discounts and ennis
sions Of lis paper, bank may create such
q demand upon its specie funds as 10 sweep
Them in moment beyond your reach,
and TINS anticipate any process Of seizure
you could possibly devise. and leave no
hing ior YOU to reach but irredeemable
paper. Nay, even with issues al The most
pruden, rate, it might find its interest in
The expenditure Of lis whole specie in The
purchase of stocks, or other paper. not
Immediately convertible, and with The in
Vulnerable agents i. could command, in
he mos, secre, manner convey i, away
while you we're demanding payment, and
hts foil you by the inaextble Law tina,
can be wrought by no man;
hat payment cannot be forced from him
VI no has parted with the means Of pay
nent. Bot gran, tina, the specie remains
ia the banks as now, and its managers
should deem il inexpedient, as now, to
use it in the fulfillueDl Of It's engagements;
II. r 4 - l.