The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-03-24


Defeated IN the General Government, the same
class Of ntripucrs and politicians will now resort
10 N. states, and endeavor TO obtain there the
,ane organization, whlrh they failed TO perpetu
al, ia lie Union aud with speclous and deeeitiul
pans OF public advantages and state Interests and
slate pfdt, they will ,bdeasor 10 establish Ia the
different States, one uoneytd Institution with o.
ytrcIoNn capital, and exclusive privileges suih-
c,snt TO enable 1t 10 control the operation oi lht
other banks Such an institution VIII be prey
nanl with the same evils produced by The BANK oi
The United States, although lts sphere OF action is
more confined aud IN tie STATE IA which II Is
chartered, the money power Will be able TO embo-
dy Its whole strength. and TO move together, win
undivided iorct, 10 accomplish any onjecl II may
wish 10 attain You have already had abundant
evidence ol us power 10 lnilict injury upon The
agricultural, mechanical, and ahOflhg classes OF
society; aud over those whose engagement IN trade
or speculation render them dependant on bans Ia
cillics the dominion of State monopoly VIII De
absolute, and tier obedience unlimited VIM
such a bank and 4 paper currency, The money
power wouli, 10 a few years. govern the STATE ana
control its measures; ADD i sufficient number OF
States can be Induced 10 create such estaolsh-
ments. the time will soon come ~hen II VIII again
take III, field against the United States, and sue
coed IN peritcung aud pefpeluatlug It's orgauizA.
ton By charter from Congress.
u Is one of the serious evils Of our present sys-
tcn OF banking, that enables one class OF socits =
aud that BY no means a numerous one-by ITS con
troll over the Currency, to act lnlurossly upon the
interests Uf all the others, and 10 exercise more
than It's Just proportion oi influence IA political al
lars. ! bee agricultural the mechanical, AID The
laborlng classes have htte or no share IN TIE d.
rcciion OF the great moneyed COMPUTATIONS anu
irom their habits, aud the nature OF their pursuits,
they are incapable OF forming extensive eombsna.
tons to act together with united force. such con
cert OF acton may sometimes be produced 10
single CIV, or in small district OF country, by
means OF personal communications ~ith each 9TH
81 but they have no regular or active corrcspon-
debce " iih those who are engaged 10 similar puF-
suits IL distant places; the, have but lte patron
aye 10 give to the press, aud exercise but snaIi
mare OF influence over II; they have no crowd OF
dependents about them, Who hope 10 grow rich
without labor, by their eouatsr1nce and favor, and
y no are, therefore, always ready 10 execute then
wishes. The planter, The farmer, the mechanic,
and the laborcr, all know that their success &C.
pcuds upon thar own industry aud economy, and
that they must net expect to become suddenly rich
by the fruits OF their ta.l. Yet these c.esses oi
society form the great body Of the people OF the
United States ihly are the bone and sinsw OF he
country nea who love loerty, and desire moth.
lug but equal lgh,s and EQUAL lass, and Who ntoft
Yyct, b ID the great mass Of oar national wealth,
although il !, distributed n moderate amounts
among the millions OF ifttmeu who possess ~ bli,
Sith osers helming numbers and wealth. on their
tide, they are "a constant Danger OF losing Their
arr influence 10 the Government, aud wl.h dtiii
Guilty maintain their a.t shts against TIE tuccs.
.aut ttf)fts daily made q eacroasa upll theH,--
The mischief spuugs .tom the power whlgh ne
moneyed interest derives from paper currency,
" hlch they are able 10 coutrui from tie multitude
Of corp, llions, with exclusive privileges, Nhich
thew have succeeded il obtaining Ia lhg different
; atss. and which arc employed altogether Tor
! thtir benefit and unless you bccolne mole watch.
iul 10 sour Suites and checs the spirit d ui1npo
Isl and thnfs, Or q luslyc privilege, ,oa vii,
t,- rea. fJd that tie most important powers .!
G0yefameat have b:gn gwen or battered away
and the control over your dearest interests has
passed into the hands Of these Corporations.
The paper money system. and %. natural $3.50
cilupus monopoly aud exclusive privileges, have
.ir,adp struck their rOils deep 20 The spl and 4
vii require an your Efforts 10 check ns iatthef
groNth and to eradicate The evil The men aho
profit b. the ahI-. and desire 10 pe'e'aAtc them,
vii continue 70 bt,cge the halls Of legislation 40
The General GoyCfnmcn. as Rcll as IN the Ststes,
and wi seek, b. every artsiice u mls.cad and De.
ctlsc the public servants. Il - 10 yourselves that
yon must iook ior safety and tie meAas o. guard.
ing aad perpcluallng your lfec institutions. H.
your hands Is rightiully placed the sosf.tguty o.
The country and 10 you estiy one placed "a 40.
thofitY Is ultimately responsible II Is always 10
your power TO that the wishes Of the people are
carried into iallhiUl execution, aud thef Rlli
when once made known, must sooner o. later b.
1bcy "a. And while the people remain, a. trust
| they ever wiI, uncorrupted and incompatible, and
continue walchful and jealous OF their rghis tie
Government Is safe, and u cause Of freedom all
continue to triumph over ell its enemies.
! But II will require steady and pers,'crrE exer.
tons on your part To nd yourselves Of the iniqu.
ties and nlschiets Of the paper system, and 10 cheek
the spirit Of monopoly and other abuses Inch have
sprung up with II, and Of which il Is Tho main sup.
port. - many interests are united to resist al re.
form on this subject that you must not hope the
conflict wlil be short one, nor success easy, VI !,
humble Efforts have not been spared during my
administration Of the Government, 10 restore The
constitutional currency Of gold and silver. and
something trust, has been done towards the ac-
comp ishinent Of ,aiz most desirable object Bat
enough yet remains to require all your energy and
perseverance. The power, however, Is IN your
hands. aud the remedy must and will be applied,
# you determine upon II.
I While | am thus endsavofng 70 press upon
your attention The principles which deem IL ".
/ tai importance 10 the domestic concerns Of the
country, ought no, to pass over, without notice
the important considerations which should govern
/ your policy towards foreign powers, II Is, IN
qucsiGuaby. our true interest TO cultivate the most
friendly understanding With every nation, and to
avoid. by every honorable means, the caamities
of var and We shall best obtain this object BY
itsnkness and sincerity in foreign Intercourse.
by the prompt and faithful execution Of treaties.