Southern telegraph., 1837-11-14

| time Of its est Enlistment to the period when
it was put down, we hid currency better
han any other nation was ever blessed with
Such mn institution, in fact seemed nccess,-
| ~ To the Government of this c.c,ntry. N,
country having mixed currency could do
without It. II was nccess,ry to trust the
| finances OF the country to some agency.
The fate Of this bank. established by the
democratic party, MIR. X. said, was extraor-
binary; and he proceeded tn show the injus-
tice and inconsistency Of the Al,ninis:r,-
| ton towards it. II Mr.. Bid lie lay down,
he was useless; if he stood mp, he WIS impu-
dent; if he sat down, Inc was ispici,us. II
he expanded, he WAS bribiny the cnnn.ry-
If he contracted. he WIS running The Com.
try. 1.-The imported specie, he was spec /
lating upon the country; if he exported spe-
Gle, he was conspiring against the country.
In short, whether he pissed above or below
the President, he eqially m'idIiea tho VIII
ter. Mr.. *. referred t. an attack an the
bank by M. Niles. f,r mt exporting spe.
Gle in 1882. and compared th,t with the
late policy of the Administration in regard
to the expectation Of specie. In truth Mr..
K. went on to siv, ,h,i institution hid bv
shipping 5 millions OF specie, performed an
loperation morc favorable FIR this co,n'ix
than ever could bc expected from an insi-
tuition which had been warred against as ii
had been.
Mr. X. referred to all these things to vim
dictate himself AMI others VIII have ,lwayS
entertained A,esc opinions Of the bank; and
not meanin. To indie tic any co,rse on his
part in relation to Il bank vari N. from the
opinions of the mss Of his G ,as ituentS,
which, when, he last heard f..Gm them
were, he bclivcyed, avclsc 10 national
bank.
Mrk. made also a number of remarks
/ in defence of the bunk of the Unicl States
against the charge of hlviny used Is inf a
encc f,r political purposes. He denied that
the Bank had med lie | in the p 'liti:s al the
: country, and he dared any man 10 place las
finger on Il single instance in which The
: blnk had done SOFT Least before the late
: President had commenced his war on III,
| bank war which orr ri,,nicfl in the rrfasa
: 'of the bank 10 make lis management subser
: went to party purposes.
i, Mr. K next referred to the declaration
: made by Mr.. Calhoun on a former day. tina
) he would not now take the Bank If The Uni
: ted States asa Bank of public dep ,sitc, ever
as State institution, because after tn
: war against l.. il would give the Bank
! triumph over the G.,vern,neni. hir X. con
e fesscd himself shocked BY this declaration
n 4 Triumph Mr. X. cxc!aincd. a triumph
against the Goscrntnsn. Mint govern
S mens? Me- X, had thought that the govern
), ment of the United States consisted .,f Can
IS gress and tho President. Bar did the gen
:. tleman mean the Government of tic tie,
e mitage or The the Government of the Whit
,r House? Mr. *. dwclt on this topic wit
ID point and strong feeling.
s. THE FRA OF RErRENcuMESr. EcoNoN,
e. AND REFORM, IT, bring ahoit which the A
IS ministra,ion of John Q .incy Adams "
It overthrown, nay now be considered, "
a presume, at its pnn sc!c of Il ,rv. since h
the various arts aud processes of those VIII
y are carrying it through, the Treasury itse
has been so reformed, Tint from a danger
" ous plethora. it is reduced to a state Of er
e tire atrophy; in plain terms. from overflow
is ing abundance to bankruptcy.
r. II is little curious to inquire how, with
u in less than year, little year. this extra
,e ordinary result has been brought about?
Re There was, according TO the report Z
i the Secretary Of the Treasury made tp Cor
y gress last month, sum of $3.50. l37 j
at the Treasury on the LIST of January las
m over and above the sum of Gs7.4U3, 50
ID surplus, which was ordered tn he :ie1osi.e
IS. in four separate insiaim ents with the 81 tic
mt OF this l,st SIM, S 1857 ,eii, constitntia
nd the fourth instrument, has MT been, AMI
IN no. now to be deposited, SD that adding iii;
rs to the balance on liz nd on the lSt of jim;
It: arv, we have Sl6,O37, ,J!. against til
nd current YEARS expenses, without ls,hiil
OF at all to the current revenue. b IT the &c
al ual receip's for the first six months of th
K. year have been Sl3, ISL, lS2, and the lny
ed est cstin,,te f,r the last six m,nfhs, aft,
allowing for the posspoacncnt of tic the
DIS chants Lonls till next year, is Sf.5O0,Oo'
he making an aggregate of about tsirty-fir
nd millions aad half Of dollars, for the r
yc sources of an economical, reforming, ar
re retrcnch;ng administration q, one year!
- The expenditures Of the m IS, Elvish We
he OF Mr.. Adams administration, which
an startled the nerves ana patriotism of thu
ire who now have ch,rye of the G ,vetninar
amannted to Sla,20;,Otl; less than tar
ed cigathS!! of the re- -cn.ie and res a,rccs
gv this year!-What then will our readers 3,
..
1at when told THU tiis enofhhois revenue
,rc swe'lc.l by the nine miiInns Of the fr,r
vor instalment, which, according to law Al
his contract, si.naI,! we been deposited wi
nw the S.sics-wiii f,ll m,rc than milo
vas short Of the expenditures?
n Yc: such is the f.cts
The Treasury. Report, already scferr
i a to makes the expenditures ef the 6sst b
If. year 6,733, So and estimates those