The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-11-10
specch OF mr.. Clay, or lay.
Il sESArr. September Is, 1887,
an THE suB:TRIAsURY BILL.

On lnL taA Des
The Senate having resumed The eonsi-
ss,,,ion OF the bill isnpasing additional
Ties. IS repositories II The public mo-
sjr.. on certain officers u the general 60
yernmenf. :~s H. .~
N, CLAY rose and addressed the Se-
cate upx ards Of three hours. We ram
y, undertake 70 report sll that he said,
s,,c,ly a. il was said. We must cam
,snt ourselves with exhibiting view III
a,s arsameni. employing generally the
I,npaase in which II was expressed.
lie commenced BY observing that, lees-
n, n anxinus desire 10 see some efec.
mi alaa presented 10 correct the di-or-
1srs m lie currency, and 10 resl"Tr The
prasperlty u the rnunlry, he bad avoid
i nrerlpitsiing himself into the debate
now in progress, that he might asteaIiEe-
~ examine every remedy that shaaid be
o,ooossd. and inpar,ially weigh every
consideration urged in is support. M
asriad had ever existed In this country,
n which Tue future MAS covered b. a
| duser, aenseF, or more im9eneirabir
,laam. None. IN which lae dnlY was -
IMPERATIVE tn discard all pas:ioa ttnl pre-
,alrc. all party ties. anil Previous bias,
nd look exclusively IN the gaad Ut our
Affected country. In one respecg--and
Ne thought il fortunate one--our pre-
sent dlifiruIlies are dtsIiaguishablr from
frmer domestic lroabies, AMI thai Is their
ualsersality. They are felt. il II true.
IN different degrees. but they reach eseSy
ssellon. every state. every interest, ai-
ua:l every man IN the Union. Ali leel.
zee, hear, know theIr existence. As ihey
Do mol array, ike our former division,
one PARTON Of the confederacy against
,aolher. il is 10 be hoped that common
offerings may lead to common sympa-
tines and common cnunsels, aud that we
shall. II no distant day, be able TO see q
clear way oil ieliyerance. II the present.
stale Of the country were produced BY The
isail II the people. IL II proceeded from
Ihrd xasIelul exItavagance aud their IN.
diligence of a reckless spirit OF rninous
speculation; il public measures had no
agency Whatever IN bringing il about; i,
w7Ii nevertheless be the duty Of govern.
N. ~ u exert is ensrgiss and ID employ
III lis leglamaie powers u devise al ef-
sra>ions remedy. Blu n onr present
teplstable condition mas sprung IRON our
rulers; il il is 10 be clearly traced 10 ,helr
acts aad operations: that duIy becomes
haaisly mare obligatory. and gosern-
nst would he laith.ess Id the highest
and MS. soIenn II iimau trusts should
II 1cg'ect 10 performs. Aad ~ il not tho
trte taai The evils winch Surround rs are
10 - ascrlbed III those who have mad The
oadaci Of our pubic afa,cs!
Ia gllacing Al Tie pas, nothing can he
ia.1': iran nv l,entnn than To excite
aa4'. feelings, OF u find grounds nf re-
ff0'ch. II would be far more congcnlal
% nv wishes thai. on this OCCASION. We
shoai forget all fsrmsr unhappy dir
'na' and aaimosi,y. But in order to dis
e'ssr how To get out Of our difficulties,
We must ascertain. if we can. hnw we
got into them.
Pttor 10 that series OF unfortunate mea-
'nFes which Ind fur its object the over
throw Of the Bank NJ the United States,
and the dlscnntInnance If its fiscal agpn-
" 'af The government, no people upon
cara ever enjoyed better currency. ar
Md exchanges better regulated. than the
people of the Unued States. Our mane-
aFy system appiared 10 have attained as
s'fai perleclIna a. any thing human can
possibly reach. The combination uf the
Uaned States anil local banks presented
aHae image nf put system III general aud
"ale governments, and worked quite as
well. Not only within the country had
We "A I"cal anil general currency perfect
squad, but IN whatever quarter of the
gone american eammesce bad penetrat.
ei' There also did the bills Of The Bank of
"e United States command unbpundcd
sfedlt and confidence. Now we are in
alager Of having liked upon Us. indeii.
'H'eiS as 10 time. that medum-an ire.
'fe naole paper cuuency, which. by The
universal consent OF the commercial
World is regarded as the worst How
s'4s ms reverse come upon us! Can ii
70 doubted that il is the result Of those
~. 10 which | have adverted!
"nea, al the very momen, of adopting
oen' The very consequences which had
happened were foretold as inevitable, is
necessary 10 look elsewhere Cor the
SsOse' Never was prediction more dis
rrac'ly made; never was fulfilment more
literal and exact.
,'ss US suppose that those measures
"'' not been sdopted; that the Treasury
"'ef had never issued: is there not every
JASON 10 believe that we should be now
~ ~ Ae enjoyment of sound currency;
VIA tnp nuhlto A.