Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-07-26

connected with i. But laying aside a!
objections Of influence, | Contend 'hat as a
iowor, it is 4 question Of jurisdiction,
which may be urged Al any time. y Po"-
or originally incomp tent. canHo! acquire
Ina;tin.,e authority By r:arpa'on. Ii
Congress have not tic power time cannot
rivc it against the people the people alone
mus. confer it. claim tie benefit oilhc
law relating to qu:s ions Of jurisdiction,
never out Of time.
As TO your claim in favor cf 4 Ia tonat
bank rs an implied power, you are bound
BIZ the Constitution to shew, that it Is not
merely convenient, useful, proper, Or al
aDtcI- YOU must siew that it is necc$Sn
RI: that Won canao; DO without it; that
you have tried all other feasible plans, and
are driven 20 this remedy. You have not
tried national treasury, ard the crcJ!,
vou may tach to it--you have not tried
= system of stac banks, dispersed over
the country, for tie convenience Of regu.
Io.;nr domestic exchanges. You have
not tried a Treasury Board of Comms.
s;oncrs. or o:hcr plans which have not
knowledge enough 10 suggest or dcE!Se.
Prove to me the necessity Of Your meas
urc. and | yield. III claim the right Of
gong through your meadow to get at my
land, it is not enough that | show i 10 be
convenient, useful. or cXpedIent for me 10
take that road ; | must show that have
no other: that it is necessary to 60 hat
way. il | 90 to my own land.
Mr. Dallas rcplcd--wc feel such an in
sti.u,;on al this moment absoluteIy y neccs.
sarv, to counttract the refusal of specie
paymen.s by tic state banks. TIE power
of government is poralyzcd by their eXtcn-
Sve inhucrc,, and the management Of the
revenue is not in the hands Of the gov
ernmcnt, while these institutions possess
their present controlling power. The aid
Of a national bank supported by, and sup
porting the wholesome influence of gov'rnr
mcnt in collecting It's taxes in valuable in
s;cai Of worthless paper, has become a
want of indispensable necessity, and con-
s:i:utional Or tot. your federal goyer1m nj
cannot get on wi:hou: it.
To this had nohing to say, nccessi-
ty acknowledges no law, and acquicSccd.
| was confutcd undoubtedly, but not con.
vinced. My prcjudiccs i'll favor Of the
Constitution continued till the plan Of a
nn:io0al bank at New York. attributed to
iir. Van Buren, came in full force against
me. If we are t. have national bank,
il the government and the people arc re.
solved on i, why are We TO PROSTATE an
undoubtedly useful institution now in exis.
,rncc. in favor Of any uricd parry meas.
urc! | supported therefore. before The pub.
lie. the claims Of Mr.. BiddIe's present
hank, as one ofricd and approved merit,
skill, and honesty. twas in realty what
il ought % be, an Independent bank, con.
duced merely and flirIy. an genuine bank
ing principles.
That bank Las been pros!ra'ed: and
with it the commercial credit of the corn-
try, Notwithstanding the stale and local
banks have increased in number from 800
to s23. Tie substitutes suggested as
useful and proper, have been tried, and
tired in vain. Weighed in the balance they
aye found wanting. Mr.. DaiIas' treasury
noes were deprecated papcr--a to'al
failure. Tic Deposits having been re.
moved from ;hc treasury, the system Of
state banks dispersed through the country,
have been tried 20 the utter disgrace OF
every parry concerned; from Gen. Jackson
to each safe director and officer. The
Treasury, where is it? The public funds
where arc they? The solvency Of gov
enmcn;-a phantom, non existing.
AS an implied power, therefore all my
objections having been acted on and found
worthless in practice, ] GIVE Up. ! am
collUted by past and present tac:s. My
notions have been tired doubtless, by very
Objectionable expcrimentcrs, but | cannot
honestly resist the results. | agree there
fore, wi h the late Mr.. DALLAS, that ma
tionaI bank is an instrument necessary to
come in aid of the fiscal duties of our
government, and therefore, US an implied
power, CONSTITUTIONAL. But heaven fol-
bid that governments should have the con-
troll in it or over it. Such are the present
views of THOMAS COOPER, NJ. D.
Columbia, s. C. July l, 1887.
OLD AGE.-It is subject well worle