The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-10-20

KeIIlahA
Il, S,aaie ofths United States, Sep
go, ~, 1851. sa tts bill A4fasri,iag iLs is
rs u Tfsssa'E Ssif''>
Mr. PREapEsT: $500. - ..,.
n wLieh an are ton familiar ta need
81 Ia. separated "a fsci. ihe goEern-
"a, IA ,he banks. Whist rotation shall
~ bear heresfier' Sh' /! re hanks
90. he nsed a. fi.rsl agen,. 81 the go-
.s,.msn,! BE the deP''~:hsries If the
..h,,.. money! Aud, abase all. shall their
-. he considered anil 'rea'ed IS mo-
=, in he receipts and expenditures of
~ r,ysrnmeni! Tbs i. 'l-' great and
=. s'.s oues,ian: one Of the inst magnI'
- an, filI &c g rseqaeaces. l have
g.~a my m - e'a"s a"d deliberate
..so,ion. and la,r cam 10 lac conelu-
49,, thstwe have reached the period y hen
.. interest bnlh IL the government and
=. Lark lorblt reunion | nnw pro-
,,.s I, ,fFer my reasons for this conclu-
,oa Is,all ton - IIh tia, perlecI frank-
No.. a.. 10 the subject. 10 the country,
.,l ne position occupy. All ask j.,
s,,Imay he heard with a candor and fair
,... ,arres pnnding p the sincerity with
xh,ca | ,hall deliver my sentiments.
Those Who support a reunion Of the
hanks sad the government, have to over
cam, preliminary difficulty. They are
pos separaled, by operation Of law, and
r,,ns, be united While the presen, state
a rnss continues, without repealIng the
| umrh has ,iisl mned hem. ! Ak.
who is wll.i,.e ~ propose It's repeaP Is
;lrrs any aae who. turing he suspension
Of .psrlr payments. would advocate their
tuolovmem as ihe isesi agents II the
srsraneGi. who would make them the
de9osilarie. Of the public revenue. or
uho would receive and paw away their
ro.ss in the public dues! II there be
soas. then il results the separation must
,aaunne for the present. and tina. the re-
vnlan must be the work Of time. and de-
pen lng on the contingency Of the re-
SUMPTION Of specie payments.
But supposethis difficulty 10 be remov.
81 ani that the banks were regularly re
tppming their notes, from what party in
hi. badSc can the proposition come, or
b. wprch can il he supported. for a re-
mia between them and the government!
Who after what has happened. can adj
waste the reunion nf The govern nent with
the rlgne Of state banks! Can the oppo-
ssea, who for years have been denounc-
las il as the ms, dangerous instrument
Of power. and efficient means Of corrupt
ING and controlling the government and
country! Can they. after the exact lultil-
nent of all their predictions Of disastrous
consequences fro u the connexlou. now
Turn round and support that which they
50 long aud loudly condemned! We nave
heard much from the opposite side ofun.
Ined experiments on the currency. |
eoncur IN the justice # the censure. Me-
Ting can he more delicate Than the eur.
renew. Nothing can require TO be more
d'llcileiy handled. II ought never tn he
fingered with. nor touched. until IL be-
comes absolutely necessary. But Il un-
'ret experiments justly deserve censure,
what Condemnation would repetition nl
IN experiment. that has tailed descrvc,---
A. experiment that has 20 signaIly fail.
Cd, b1Ih IN The nprnI0n Of supporters and
oppo1eq;s. as 10 call down the bitter de.
nane'all'n nf unse who tried IL. Ii to
m'ke the experiment was folly. the re-
Pe'IItaa wouil BE- madness. But II the
opposition c,nnot support the measure,
boz em II be "xi,sclcd tn receive support
ran The tuenls Of the ADMINISTERING. in
Vase hands the experiment has So ~
N'Iiy failed. as 10 call down froM l.rn
o,rfannns deep and loud!
H. VI. President, there b. any o1e
pNa' ialy established by exprrletc and
'r'''n, hold ii IL he lha uUet }4"3mae-
'eacv nj the stale .btnks ID Tut"s1, u
,mnen'elges. a sound AM siaba c.trrn. j.,
'H'y may succeed ~ prosperous Wnrs,
WI TIE irst adverse current necessarily
WIDOWS them mlu utter confusion. Nor
ns any device been found To give tnPm
we requisite strength aud stability, but
eea' central aud controlling bank, inslitu-
S' under the authority Of this govern
"en'. 20 further. II we must continue
O"r eoanexipn With the banks--if we must
'ece''e and pay away their notes as no
,"ey' we M; only have the right to regu-
"a, ,te and give uniformity and stability to
"e'n' but we are bound to do so, and 10
use The most efficient means for that
purpose. The constitution makes IL our
su'y 10 lay and collect The taxes and du-
G css uniformly throughout the Union, TO
r ,a'l,' which we are bound 10 give the
"s"eSt possible equality Of value through
~"'esery part of The country. TO whalev-
IT medium it may be collected in; and if
S",; oe bank notes, to adopt the most eff