Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-10-05
From the G'obe.
TIE BILL PROVIDING FOR AN
sSUE OF TREASURY NOTES.

TIE BILL PROVIDING FOR AN
lsSUE OF TREASURY NOTES.
= will be seen that this measure, pro.
60. i as means of enabling the Treasu- :
- i, meet It's engagements in par funds,
ythstanding the default of the banks,
:.a4 been ordered to be ergrossed and pas.
10 third reading, by q vote Of 43 10
~ .,iessrs. Clay, Cri'tenden. Preston,
hard and Spence being the only mega
i.yeq.
a,r. Calhoun preiaced the question on
~ important bill by a speech, fully de.
81. ,.ing his views upon the leading points
{. tie late Message. In a very clear &
ros,y rehensive generalization of the whole
.rtjrct. he explained the grounds on
- / h the recommendation Of fhe Presi-
a.. =, would receive his support. In all
II Principles and every essential feature
I. .e policy proposed by the Message.
!, =. Calhoun entirely concurred. In the
-. ills to accomplish the desirable objects
{ ntempiated, the most concilia,ory, gra-
Geli, least disturbing process was sugges>
ii as proper by MIR. Calhoun. His
I, VS. on these topics. and the arguments
b, which they were enforced, must be
(! to O revised report. We give the
continent ideas, and the expressions. as
tanned in our recollection, and set down
i'nmediatsly on the conclusion Of the
x,;eech.
He had come 10 the conclusion that it
Is the interests Of both the banks and the
Government, that the union between them
should be dissolved. The banks and the
Government are ahrerdy separated, sepa>
: ! by law. Where will the advocates
q reunion be foundi Among the opps.
: ion, who but few years ago denounced
''e sehsme as dangerous and corrup,ing'
"a among the friends Of the ada, nistrationi
tf course not the last.
one remedy is the United States Bank ;
= 4 is utterly impossible. He knows lit
i1ssible tha, a United States Bank could
tr chartered under present circumstances.
We have already had two psraly,e
shocks. Let the third come, and the To-
cal banking institutions will be swept a.
way. The pressure through which We
have gone 10 nsthing to that which would
result from the creation of o new United
States Bank. Il would not come as a re.
former but 90 n destroyer. The State
Right party were opposed to II on the
ground both Of expedisncy and constru.
sionalty, and time has but nc.iOned their
views.
There 10 but enc mode by which the
Government may re-unite with the banks,
and to that there are 4 thousand oljec
sions---,o adopt the Pennsylvania United
States Bank. He could never consent to
give It the extraordinary powers it would
thereby possess. He could not consent
to give q hsitieai riumhh 10 the peDnsyl-
yania United States Bank. To adopt
that bank, would be . triunph Of the bank
over the country.
Bank notes are. under the beat circum-
stances, lily calculated to answer the pur-
poses Of the currency. They have ruin
Gus expansions end con,raclions. which
PROSTATE the best men In the twinkliag OF
an eye, making the country nation ol
gamblers and spectators. Take . beg,
gar 10 the streets, give his no,es the cred.
Il Of government, aad they would super
scede all other notes. 1t 10 contrary tc
the genius and spri, Of our institutions, &
contrary tojustice. to give credit TO GER
tain set Of men, connected with 4 few
banks and deny il 10 others. II tproeu'
eed not only inequality among citizens
but among sections Of the country.
We are now in new era. A grea
change Of public feeling has taken place
within few years. Banking and poli,ic
have become connected. They must b
separated. The Government must be
come the bank. or the bank will becom,
tho Government. The struggIe will b.
terrible. He warns the bsuks not 10 per