Canton herald. (Canton, Miss.) 1837-1839, 1837-12-22

- $500 .Haasaease ~ Isae
I.mlMEll I.Hta 4f.lUaa AllIA deco.
|efmI man immediate .n.aI interest
|iIHl ihr liral nlunr NJ thf mu0na'
|treuuff Wom Hta.tsItn ti0se eIce.
|il0na Above aIl We cannot overlook
|thr uflkinr neL ihsl there wrio 90
I the ilme 10 those states more than Que
hundred nod usty millions ol bHnb cl.
Ipilal, ol which large portions we're
subject ip acluaI loHeflurot uthel
large portions upheld only by special
| and limited legislative lnduIecnric.-
! and most Off. II not ali, too greater
orlcwcatcnt dependent for O c1ntin.
uuncc If its corpomi' existence upon
the will of the state legislatures ~ be
then chosen. Appri.cd 81 this circum.
stance, you will Judge whether i, IL
not most probable that the peculiar
condition 0i that vast interest IN these
respects, the extent 20 which IL has
been spread throuph oil tho ramiGca.
tons OF society, is direct connection
with the thea pending elections, and
the feelings il was calculated 10 in
fuse into the canvass, have exercised
far greater influence over the result
than any which could possibly have
been produced by conflict of opinion
IN respect to question in the admin
istratlon of the general government,
more remote and far less important
IN IT'S bearings upon that interest.
have found no reason to change
my own opinion as TO the expediency
OF adopting the system proposed, be-
ing perfectly satisfied that there will
be neither stability nor safety, either
IN the fiscal affairs of the government,
or in the pecuniary transactions of in
divlduals and corporations, so long as
"a connection exists between them,
which, like the pas, offers such strong
inducements to make them sthe sub
Iects OF political agitation. Indeed |
am more than ever convinced of the
dangers to which the free and unbiass.
ed exercise ofpoliticaI opinion-the
only sure foundation and safeguard of
republican government-woud be
exposed by any further increase of.
The already over-grown influence of
corporate authorities. cannot, there.
tore, consistently with my views of
duty, advise a renewal of a connec-
ton which circumstances have dis
solved.
The dlsconlinuance Of the use of
state banks for fiscal purposes ought
not to be regarded as a measure of.
hostility toward those Institutions
Banks properly established and con- |
Quoted are highly useful to the bust
ness OF the country and will doubtless
continue to exist in the states, so long
as they conform TO the laws, and are I
found to be safe and beneficial. How I
they should be created, what privic-
ges they should enjoy, under what
responsibilities they should act, and
TO what restrictions they should be |
subject, are questions, which, as OBJ
served on previous occasion, belong
to the states to decide. Upon their
rights, or the exercise of them, the
general government can have no mo-
tive to encroach. Its duty towards
them IS we'll performed, when it re-
trains from the legislation would vio-
late the spirit of the constitution, and
be unjusts to other interests, when it'll
takes no steps to impair their useful
ness, but SO manages its own affairs
as to make it the interest of those in
situations to strengthen and improve (
their condition for the security and
welfare of the community at large.
They have no right to insist on a
connection with the federal govern
ment, nor in the use Of the public mo-
ney Tor their own benefit. The OBJ /
~ - WV biNuSuit utter rOnSl0er1-
ton is, to avoid for the future com.
pulsory connection, safe keeping and
transfer of thepublic money. in stu.
alton which shall relieve it from all
dependence on the willof irresponsible
individuals or corporations, to with |
draw those moneys from the uses of
private trade, and confde them to A.
gents constitutionally selected and
controlled by law; TO abstain from
Interference with the indus.
try OF the people, and withhold in. |
ducements to mprovident dealings on
The part OF individuals; 10 give stabili- |
" TO the concerns Of the treasury; to
preserve the measures of the govern +
ment IRON unavoidable reproaches
that flow from such connection. and
the banks themselves from the ,,,;,,.;