Litchfield enquirer., 1837-10-05


 O. ebigatiQn Co d0 s0 and hHd power Co do so. '
 VI. Webster said that the people only asked Eog currency which would afford relief ic the Government as well as to them; and this kind of currency, he cOncpded, they had rigt to establish, as much as they had right 70 establish le ws of commerce or m. vlgeton He dwelt at great length upon the subject Oi the exchnnges and argued that although the Gov- eruu1eAt was not bound issue bills of exchange yet k was bound to regulate exchanges by the establish me.t ot some sound, uniform. national currency;
 M, said he, thls Government has nothing t0 do but t0take care ot itselEto protect se not the people, Srthe Stu es why dnes the Constitution of the U. S. have any thing in it n relation to the finances of the StatesI Why does tt forbid them to coin money-tO issue bills of credit? The provisions of the Constu- Gon, he said had reference national and uniform currency, would never have contained these pro visions and prohibitions, and yet the Executive said, that the Government had power to regulate the f. nances of the Government independent Of the off cers of Goyernfnent hense!ves-independent of pay ing it's debts from Government debtors; such, said MT. w., was the cry at Waterloo when one party only was in danger, Save yourselves, ye who can" The Government was for saving itself only, and for leaving the people to take care of themselves.
 The framers of the Constitution, said Mir. w, did differently When they met at Annapolis, and afier- lievng the people and the Government and not the people independent If the GOvernmeni. From l733 to '89, the country was footed with all kinds of pa- per. The people complained heavily. The Govern inens too, sufferer, but the Government did not
 think of providing means ot pro;ecilon for iseif alone And ye', sPid Mr. w., the President of the United
 
 have believe that the famers of the Constitution legsaed only for themselves, and not for the people Was it SO? ....7 ..
 He referred to the Message of Congress in l7ao- the second Message of George Washington, and the Erit that treated upon the currency of the Govern menu Then the President made no distinction be- also of the first United States Bank-its advana ges to the Government-thc design of esiabshment-its proposed benefits and real ndvantage-:he support it received from Hamilton, Madison, and Ames--,he Of fheiF fegELQfg fhe Yr0Hp and Commerce of the Country The Constitutional question was considered secondary to the necessity and utility of the establishment.
 In regard tn the precious metals, Mr. w said that might pn layers of gold upon layers of slver-we might stratify our Banks with specie--and yet with out something else, all would be vain and useless.- form, something in which the people had confidence, to go along with it.
 not wish to tonch or see them touched, with rude hand, or spoken .! with a w0ntnn tongue lie did not believe that all of them distinguished for their treachery or their perfidy:
 He inquired what was the object Ot the late U. s. Bank What were its purposes? Why was it es- sab!lshsd? Al liias time, as now. w. said M MT ", we M e Addson e ds eoa in well. but who could not speak at all. Of him 1t was said, that he had not one pound in his pocket but he had thousa upon credit We too were rich in ere Bank was estatlshed--rch cnough-wth credi: enough, but we had no money; and in order to get money. 10 1actale ana rcguiae the nlanciaI affairs ofst G2vernrneni,a National Bank was established
 MT. Madison, he said, spoke of the Bank as Ma tonal Ins.itution-as one calculated to establish a uniform currency--and, although originally opposed 10 the Bank upon constitutional grounds, he gave up his predections in obedience to the popular will and the public wants. MT. w. here referred to MT. Cal nouns speech at this time, and said that he would en- dorse every word of it. and begged that it nigh, be considered a part Of his to-dny speech Mir. Cal hor,, he said, had then favored such Institution spoken for 1t, and recommended it. Mr. Calhoun in- serrup,ed Mir. w. and said, that his speech, as then reported, did not state his views fully. IL was hasty new-3aper report and did contain all he said, or explain what he said. His main points only were
 T.m, s!d Mr, w., oaly spcal;ing of main points Mir, " then referred t, Gen. Jnckson's views of the lac Bank. His first objections, he said were not be- can7e as he alleged the Bank interfered in politics, bat that it did not establish uniform and sound 1cncy. Almost every man had spoken of the Bank reference to it's consiitlitionah.y. They thought it -1aecessary and supperied it.
 The conclusion of his remarks were made in refer ence to the present tncs-.o !he proposed measures of rcet,her sclfishncss, and the strong distinction thrt existed between the recommendations of the President in 1916 and the relief proposcd now. Then the People were first, and the Governmen, seconda- aI in all. '''~' ~' '''
 Mir. Hubbard followed Mir. Webster. and is now up- on the floor You can imagine his arguments. He gnes the whole for tho Snb Trons,ry scheme. and for all tlie hWnbugs and huna5nggers of the Admnisra. tion. Benton is his model Benton sits upon his right hand, and Walker upon his left.
 were consumed in the presentation of petitions ard resolu'ons. The Mssis@ippi election was discussed for an houror more. White and Bronson spoke upon tho question. which is not yet decided Turner. of Tenn has the Aoor for Saturday, for which ,irpe this subject is made the special order of the day.