The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-09-15

the same exemDlion TO trade Itself; and II
would put an end 10 those complaints OF ne.
eject, partIah,y, injustice, and oppression'
which are the unavoidable results OF inter.
ference bv the Government, al the proper
concerns ofindividuais. All former attempts
on the part of the Government to carry ITS
legislation. 10 this respect further than was
designed by the Constitutions, have IN the
end proved iaiurious, and have served only
TO convince the great body OF the people,
more and more, of the certain dangers OF
blending private interests with the opera.
tious of public business; and there IS no
reason TO suppose that a repetition of them
now would be more successful.
Il cannot be concealed that there exists,
in our community, opinions and feelings on
this subject IN direct opposition TO each
other. A large portion OF them, combining
great Intelligence, activity, aud Influence,
are no doubt sincere in their belief that the
operations of trade ought to be assisted by
such 4 connection; they regard national
bank as necessary for this purpose, and they
are dIsinclined To every measure that does
not tend, sooner or later. to the establish
meni OF such an institution. On the other
haGd, majority OF the people are believed
10 be irreconcllably opposed to that mea-
sure they consider such concentration Of
power dangerous TO their liberties; very
many of them regard 1t as a violation OF the
Constitution. THIS collision OF opinion has,
doubtless, caused much OF the embarras-
Il. -. Al s,4sf st,as
ot the country have lately been exposed.
Baking has become political tonic oil the
highest interest, and trade has suffered IN the
conflict Of parties. \ speedy termination
ot thls state Of things, however desiraoiv,
Is scarcely 10 be expected. We have seen
Tor nearly half a century, that those VINO
advocate a national bauk, by whatever mo
tive they may be influenced, constitute poT
ton ii our community too numerous 10 at
low US to hone for an early abandonment o
thcir iayorlie plan. On the other baud, they
must indeed form an erroneous estimate o
t1- intelligence and temper Of the Amer
can people. Who suppose thai they have con
tl5ued, On Slight or insufficient grounds, tac'
per>eserIng opposition 10 such aa institution
or that they can be induced by peeuumr
pressure or by any other combination OF s'r
cuHs,aucas to surrender principles the!
have 50 long aud so lntlaylbI} maintained.
Ms own views ofihe subject are ugcbon-
ed They have been repeatedly ard uar"
serynlly announced 10 ms fellow. citizens
WA. with iuli knowledge ofthem conferred
upon me the two highest offices OF the Go
verumnut. Ga the last OF these occasions
ie,; It due to the people TO apprize theu
q slncty, that, IN the event OF nv election
would not be able TO cooperate "a the re
establishment of national bank. To thes
sentiments. have now only to add the ex
preston uf an increas ed conviction, tina
l4e establishment oil such bank ia an
form, whilst Il would not accomplish ID
beneficial purposes promised by IS advc
Gates, would impair the rtgh'iul supremac
e The popular wall : lnJIre the characie
and diminish the Inference Of our politics
system aai bring once more into eXistenc
a concentrated moaeyed power, hostile {
the spirit, and threatening TIE pernaDeucy
Ct a1r republican institutions.
Lard bluk, have been employed Cor III
deaosite and distribution Of tine revenue. q
all lines partially, aui on three diifereu
occasions exclusively; first, anterior 10 th
establishment Of the Gr,i Bank ni The Jn
ted States secondly, 10 the interval bt
tween the termination Of that institution an
the charter q It's successor; aud, thirdly
during the limited period which has nov S
abruptly closed. The connection thus r,
peaieJlv attempted proved unsatisfactory g
each successive occasion, notwiihstnBdin
taa various measures which we're adopie
TO facilitate or insure IT'S success. o. it
last occasion, IN the year 1893, the eu
pIoyment OF The State banks was guard
especially in every way which experenc
and caution could suggest. Personal s.
curly was required for the safe keepiu
and promp, payment Of the moneys t.
received, aud full returns Of their coBdiiie
we're, from time 70 tIme, to lie made b. Il
Repositories In the first stages the me
sure was emlnentsy successful, Botwllbstan,
lag The violent opposition Of the Bark
the United States, and the unceaslDg for
made to overthrow II. The selected bah
performed with fidelity, without any einbai
rassinent 10 themselves OF the community
their engagements 10 the Government all
the system promised 10 be permanent
,,shof, $1,000 y,s.,,s..