The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-10-20

7
luton OF the Senate OF the 81 of March, 1887
Laid on the table.
I Mr. Calhoun presented memorial from hume
fous citizens Of tho town Of M9tilc. IN favor OF
national bank. Laid on the table aud ordered 10
be pl tinted.
NJ. SWIM presented two rcmonstAnccs against
/ the annexation OF Texas TO the uni1n; one from
the Cgarterly meeting of friend. ia Vermont, and
the other from citizens Of tho town Of Union, in
that State Laid on tie table.
SUB.TREASURY SYSTEM.
The Senate resumed the consideration uf tic
bali pnsdIng of The collection rnd custody OF the
pnhl:c rcvenue he Qucstion belng GA the asuand.
ment offered By NJ Calhoun, 10 separate the 70.
sernmcnt from ths banks
Mr.. HING, Of Georgia, rose ana, IN a speech Of
more than three hours IA ltngih aHd much tgcis.
Ton, delivered has views Of Tho various gucsti nm
iosoytd to the suhiscl bcioFrthe Senate. The tot.
loving present, a brief outline Of sonic OF The
points touched on IA his interesting aadf,ss lie
said he had iet great embarrassment auring the
whole 81 tbs session in regard 10 the propositions
Of MI. RlHes and VIZ. Calhoun no VS. uoi ~.
uFely Ia iavsr OF citt -. liz had bct n Away op-
posed to the State BANK :, stem. and bsd predict.
cd the disasters Which have followed is adoption.
Tie assisted that !, had rot unly fasd. bat ss an
entire ialpirf' Hn tbs Beginning system u ifauL
AID deception. ID ptcauecd speeulatious Ia Ii,
exchanges, by thr oiiierrs oi tte backs Whoverr
expected 20 regulate them, the alleged tagii.
ties Of exchange we're merely nominal sad he az
daecd DISTANCES 10 shoS tibet shaving. TO great
extent upon them, had tosn carried On. The sgse.
&c ctFeuiaf had Increased tho Amount u shaving
aud be edGuced nslAucos u snafmuus profits 81.
y,l,d By The banks Ia the city ii + 4. tesidcnou.--
Tie expressed the belief that ihc currency and *
change, bad ~ theY OF engtsC seSe, arrt taaGt
suN sofsc by TIM intesposi,lon OF ,hs rtssIdeuL
VI h, had been rather iuCitasd 10 iayuf thf
sab-tfea-uvy system, t,ll the araaacut 81 NJ Bon.
ton euattnred hiH 81 lis iHex licdstncy. he f4t.
ca3sd w. BE precedent, draw IRON, ~. Roman
Eatlare, from Nap8lesn, iroHi : atm. ffum Iuf ksy
sna ehafacicr.Eet their linsnll u.easurss DO lhgsc
oi p'u der, oppfrs Ion, and blood. NF Esn,aa tad
entirely igblenst VI H. ,iou tic .up..4fi ii b.
satirts'utv Sysl,m, as mesli'l. I by M Caiaaon.
III Il eNprts 80 tbg bag Mat hc wp4ld fnt
htp,,li able % sap.ort ihg rfsseu, ksl4iplssfa
tlon hpt be- NUT -peak tbs ffgt.. The uessagt,
le s4sJ. greatly rrfcUsts.. IN tafiaus .arslea.
ara, which he ff.eca1cd To sa5w, mostly lteo s sp
ilem'ie ststcmsuts end olhsf documents. 4,
'hcsr h. prustd thai The paper currency IL -.
Gland ttb ~ bean csp9atsd, ~ the nesesst
sll' ged t'at thCre psd lgf no aersa.e ri spscY.
ehuu thefc, Nl4i ihe yaiut u TIE rurfgocy Their
has beer icfta.ed. and gug ds grr44id .rh4t Thar.
bad been li.,f ~ bo atgmcui1ipa1 ~ h4as i4 "a.
s4Hd t.st 10 nuiteF.al cofHmetUt4i agasrcss had
rIfred there, except whaI was o. iua a. cou.
a4srne WIl tfl. c5eruy: sud fi.at su far'sul
.etc baf b,cu 10 a4sf'fse.e., W.. Il expressed
e4fea4 fsEtet tar H.ea etfuts - ttsr f1e.sac r
asa .oBr t,FfH b. llv Rnf.d. shG tscu tsil.ytd :.
.fFa eHen lhtr' vss 30 tf4lh Ia iA,tfa. n. a..
teesisa the icFoIlata 20 lts ecig Ati-h hta t-,u
.areed lHte ibts enan'fF; ard atEusd Host s d.
a a ..F tfs. .Tsts.
Is 'hc e9uGtrf, eypi sofa tae hanks Ara ssssta b.
~ hg-'s ~ stcss.tys ~ l..art "a, s'9b9n
go ~ ga att, Is N4reh .-sf. "a a:ssed ty 49,
aassaee, tc t1o0Ehl ca strr siacr Horg tass
80 NQ,ts9l p sAyh dsai had bsca p-4d siacs lbs.
~ d
Nj EaE then entered iat1 sn slAlafste sud in.
rfine fusHelai ,ts,stjnal.sn % sheg t3al si.
= st,ar Cd F.te and sct,d afon s tbs sdui4etsa
,ta i.ad irtn vati 4ftatr " sins, ti4u u4fugs'
afaer0 tai1gs III cufnmrfelai tiaasacttaas They
htd unaalufatlf ffa1d gad and silver in'o fa.
pnfY from InElaut, aEd then epd,4vofsd o.
sfsp btrc, i. sst'e @! TIE natural csuses all.l
l.d o. 90 f9A bacaa ards bhd iutaafds iba', +,
this ytsf-ut ieaetdetr. ihe b4hk ~ Earlard tsl
been o5aEtd ulf. defence. ffu B, scr a. $50
ssnt ,ls aau rsuii. bsas dsaiutd of 81. 'hC.' .fe
ee "a uat q s'ep ta Atacscaa credits. ard lotsi
10 Z b.. iiifbsd 20; done So Il ssaid ilatt
0sen hresd ~ satis 81. Aoe, " tHr nstutsi Ian q
q ue3s f,t t-sn AlIgv,d q p,,sagi-g 'hc sacf.
eh3ais d his eauo'fy could llaw Llcu a. asj B.
8a'atn sgsct s. aay thc debt, aud could a4yf a
mrfcd Il 80 T. "a =, 10 euharfsEsueei w1u.r
aave uliaaed ~. tba sperls whitl the{ tlaaifet
49, dtsiitct aeay Is Tie Wet - tlYr nurst9faf
stt ,sHi ptocc.a of the ffccic circular. iH fen
saf.J,aes ~ which scarcity Of spece vas erect
~ 49, the Atlantic board. Ibe e.ie''- q The spc
ets rifepar. Rhih thns ito hc commerce
afhc cssi. ere ~ ilss u astraus % o radt ard
sastn,ss &C tie west Tie bauks there ser,
drsintd q sstec ~ ~ operation, il Was, ftr'.
flIe commencement q Feurrnl run Upu then
afzpa b. De GJyctu'ns ut itself, inosl tmpo'iilc
and fatal procedure. Thus tub4usssmsnis we're
cfta'ed On Dl std1s by atteu.itiog 20 farco ,lnng
d flaa uanstafally 10 channels eutttraFy o. ihe
cagr-o aud order of trss7. bus, tuu sg.tu.l
thr trade and tfsjine rbstu ipgs Of itc c7na'ry
.aud bt consequence, acsttai nll The ptoilH q it
rouatrs1 tns ieslitutrd end carried on by The Sc.
~ government of The country fsei., aad agIio-t
a. ~ % country q suictd1 ooars0 Which perhaps,
bad no parallel 10 tie history Of ihe World.
Amoug other positions. w.. H. brpoghs onward
,Ite tliosinr hicb bp nj iuiaihsd by sari1as a.
euu,cuts. and Illustrated sith chances aud fefcr
!. Tho backs ale not broken add iasaIven'
merti, Becauss ,h,y Do no paw sPpcic Specie
l. r,sds to be an article uf mcrchantlse-it y 40
lsngar su ilem u currency. The premium which
government las pot upon It has driven u on from
beng cufrercy. Il never can hccnme current
aod be 1 currency - loog CassfHpsB' by rs
rxrluss3c measures 80 reference 20 specie, i9fcns
il up nj a preminol tla IL, 20 dtiys II out 81 The
general currency. Il Is moss d commodity kept IN
brokers shaas ready lor sale, as ans other mer.