Canton herald. (Canton, Miss.) 1837-1839, 1837-09-05


|ffenfN tHlsfpfheh tlarll tHHa
IffW'Ma .nl lMll ainmif it l.l ilf
vuttr iht ps1Il aoi ihf DHrfh
'ulfni. Nai lhfnl' anelhiftf niifa
lhfus pdiisoai tHanefrlll, shl geo.
Rmnnekl eihhtff Dfuuf fmnfy
ln i'le etilb'HlHfnt MI 70 National
BARK. Wruueafij uhenif lhe Dlles-
li'ouallf leahHes Nlueh h4tp iefnnH
leri arllntf ~ al4sef Il ihe u'H
Isuluilun.
Il. flleh, | am fietiei as yoNf nsr.
lfesthtahte. slall fuie Nfift l11l
dspie establishment of a National
Bank
~. Tor me wtpoie ~ furnishing
~ Government Nilh q competent 90.
eslagshi. ~. recanse twill furnish
. currency ~ equmi and uniloru value
throughout flle Onion. 81 Ileranse n
w'llresiofe iheesrhanresof ne coun-
lfys and relieve lhe community from
the immense sacrifices which are now
ninde ~ tho tfanmi.sion II funds from
one State iannother. Ath. Ilceai-c
4 will Keep N cberklhe State FlnnEs.
fcpress undue and inprInaic issucs VI
local paper. and Iy TINT means. IN ~
likelihood, prceept nreeurrenc 10 ihe
desperate remedy ofspccie payments.
There - siill another reason why Fam
IN (aSog of National Bank. arising
out IF The developemeuts avery day
making 70 relation 10 apfoiecf, which
Il carried INTO effect, will, ! believe,
prove fatal TO the liberties Of the conh-l
try. That project is the establish.
ineDtofa Treasury orexchcuncr bsnk
under the control Of the Executive.
The establishment Of such an instltu-
ton Mould give TO tho President the
nontrol Of the currency OF the ronn
Iry, and enable him by the breath of
iIs nostrlls b raise or depress the val
g Of property and the prices of labor,
y any moment in any partoft hepUni.
M.
am Too much Of Democrat, in
ne good oldincaning Of the term. to-
e Wiling 10 see such power placed !
i The hands ofany President. lwould {
stcem tleestablishmentofa standing
Irny ola hundred thousand soldiers,
esq dangerous % the Liberties Of the !
o'lntry, than Treasury Bank under I,
he control Of the Executive.
believe il q National Bank il not
stablished, . Treasury Bank viii be;
I'd have no doubt that the true and 9
My issue upon this subject which can z
. fairly presented to the people Of .
llsslssippi, is not Bank or no Bank, p
u National Bank or Treasury Bank 4
The Peoples Bank, or the Presidents \
ank. To this complexion must the ! !
iesiion coneat last. I.
never heard an objection "a tho
d United States Bank which cannot y
easily obyiated iii charteringa newln
ne,except the constitutional obiec-l
on. know thatas honest politicians
any IN the country have denied the q
poweroi Congress upon d
As subject. Ihaye myself, however,
waysentertained adiiIerent opinion,
I'd believe Congress has, under the I'll
resent Constitution, power 10 char-lti
r a Bank. J.
Isl. because | believe a Bank abso- Il,
icly necessary for the uniform cob
elton and disbursement Of the public '
venues. $
u. Congress has express power by i
Constitution to regulate commerce. )
nong the States; and / believe a Ma Ii
onal Bank absolutely necessary for i
&c purpose Of successiul commerce a
ong the StatA. I
Allpoliticians admitthatif a Nat;,n.
bank Is necessary to carry into eff.
ct an express constitutional power. :,
~ cohsututionai 70 establish one.
: not believe that tile word aneces. Q
ny as used in the Constitution mi 9
'lalion 10 Incidental powers. was in :
nded 10 preclude q choice OF means.
nj TO import absolute aeccssify: tho
zen 1t such a construction il the true b
he, belieNe q National Bank ALSO n
tcfy necessary. and | think the exne- Il
ence ~ the country been sutli,. d
ent toprpye il TO dissatisfaction of Il
e most sceptical. W 1
iwouii, however, outnf respcctforI Il
ose who diiltrfrom me- on this point. h
CLAD 70 SEQ the Constitution So al 9
ended as TO leave uodoubt upon the q
beet. i
! have thus, fcllow.citizens, frankly a
venyoo my views on the Bank cues 1,
~, questlonnpon which nv Oh. II
lnpnts. Npssrs. Clo,harpa ana f.LaI