The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-12-01
speech OF Mr.. King, OF Ga.


on THE sUb-fkEASuRf BILL
coneiuded.
NJ, <. said he Vas sorry 20 see his
,;..a. ul.s had voted against This Exeen-
:. measure throughout. now coming
,,w,rl ssnelifyiag m Executive triumph
0,,r he le gislalise sulhnriIy, By aeknnwl-
4 I,;ag their ernr. Ills worthy friend
am Connecticut had said tha, though
y had volrd uniformly against il. yet
=, !, . might have done some good in
.,,ias The banks" This confession Of
n, fnend was. perhaps. . harmless Offer
no 10 Executive poser: but % he did
y, approve Of such gra'uiIous beneyo-
l,ocs al the cosl Of consistency, IN . mat
~ n such importance 70 The country. he
nus, ssy 10 his friend. that he entirely
Ed.,sresd with him, and must cali upon
h,m iar sane Of the beneficial effects Of
n. slss and saluIary measure. The Sc
r,,,r himself told Us in the next breath
hs the dsposIie banks. aud all other
b,uks are broken, and that the public
nOasy. both specie and paper, have be-
e,ns unavailable IN their vaults. The
pmsn. is dead. and yet the Irealmenl il
siasd. II 4 qnack. in defiance Of all
-rpauslrances. continues his treatment.
AID the patent dies. we may conjecture
,ha, he would have done no better with
AltTerea, treatment. az without treatment:
b., hop H. could hare done IcOrss. IL il
somewhat difficult 10 conceive. This
nsasure, then. condemned by the Senate.
soadsmned by the q abinei, condemned by
The People. afsr lull trial condemned by
The shole leglsli,ISe authority. and con-
dsmned blythe strong evideneesof the mis-
chef i, has produced. I. sIilI persesered
10 by the Executive. lsuded Tor lis - salu.
NV Effects" and was referred 10 by one
Seaalor looking al Mr. BenIon) a. " the
gIOuous specie circular" Me-. Benton.
"Y's. the ever-glorious specie circular" 1
NJ K, With grea, animation. An, yes.
as all glory and no good. Where are
ihe evidences Of your gloryl Il there
any hing glorious in the presen, unhappy
condition ofIhe country! Your Govern
meat insolvenl and disgrsced. Our peo-
pie branded BY foreigners rs = nation Of
fraudulent bankrup,s and swindlers; your
merchants bankrupt. your manufacturers
lsngulshIng in idleness distress; your
planters ruined, and iwo-ihirds OF the
labOnng population Of the Uni,ed States
ihrsGtsasd Nth actual starvation. These
are The evidences Of the " salulary" effects
Oi he measures we are called On 10 glori-
". Why, SIR, the Senator must have
iorgn'ien lha, glory has deprecated in the
market Like paper currency. IL has
been redundant, and is now almos, as
much below par, As rag money; very
much foe the same reason, too. Ga ex-
'nlna!iOn, We End that neither has had
very solid basis 10 rest upon.
Somuch lsaId Nc. King for the glory
p this order. now propose 10 take a
more dIspassiona,e, and better reasoned
Ees oil Il as financial measure. ..
The plain objection 10 the circular as
financial measure is, tina, il did violence
. all The laws Of trade and commerce
y'hs forcitis indifference o the GorsrR-
s'ns. The easing operations Of ex.
Changes, so useful and necessary 10 ADJUST
ag ascer,sined balances between dIfieren,
sections Of The country, we're suddenly
md Violently interrupted. The useful
admoniion OF an unfayorsble balance,
> Indicated by the exchanges, was no.
CnIy disregarded, bar that balance forei-
W increased. The, destructive tendency
A'uch interference by Government in the
commerce Of the country has been &C.
A1oaledged By the Senator from N. Caro-
u" Nr. Strange. though though, the
pHac'ple might have been better applied
" hin. Such measures produce the
fs'.ne effects in the same way, whenever
pad wherever applied in free CONNER
'''i country; always taking the People BY
r1,Pnse, aud breaking up the established
lOfler OF things. The business Of 1h'
oantry is as eGec,ually deranged ant
sh'rganized BY such violence as ia th,
human system BY the destruction Of sh'
shearl.
Commerce has lis laws. The Peopl,
study them, and by study, observation
a"a experience, become acquainted will
men, To very great extent, and max
'neIF calculations and regulate their bust
ness accordingly. They always mus
greatly suffer when forcibly deprive,
u these advantages; and particularly
'ne lorce be applied TO paper or nike
currency. Doubtless the evils Of pa
pei currency (,hough i. has some adsan
sses) are very great. | do not know. i
many respects, that they are over-estima
.uoy The Senator from Missouri. | hop
ne' however, after the most fatal exper
ence 10 the country, will come TO lll