The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-03-23

Of the bank ehsrier which are necessary,
in my opinion, 10 make Il compatible |
with justice, with sound policy. OF with
the constitution of our country"
j" THAT Bank Of lhe United States.
competent 70 all the dulies which may be
required by goEernneal, might be 50 or
gained IS mol 10 Infringe upon our own
delegated powers. or The reserved rights
af The states, do moi entertain doubt.
Had the Executive been called upon 10
furnish The project OF such an institution.
the duty would have been cheeilully per-
fnrmed. In the absence Of surh call,
il is obviously proper thai he should con.
dne himself 10 pointing OuI those promi-
nent features in the ACT presented, which,
in MS opinion. make II incompatible with
the constitution and sound policy"
President Jackson admits. in the cila-
lion which has Just been made. thai .
Rank Of The United States Is, in many
respects, convenient for The government;
and reminds Congress thai he had al an
early period Of his administration. called
is attention 10 the praciieabilily Of 50 Of
| ganizing an institution, combining all lis
/ advantages, without the defects Of the ex-
listing bank. IL is perfectly manifest that
he alludes TO his previous recommends
| lions OF Goyernmenl-a Treasury Bank.
In The same message he tells Congress,
that ii he had been called upon 10 furnish
the project Of such an institution. The du-
~ would have been cheerfully performed.
Thus il appears thai he had not only set
lied in his mind The general principle, but
had adjusted The details Of government
bank, TO be subjected TO Executive con-
troll; and Congress is even chided for not
calling upon him 10 present them. The
bill now under consideration. beyond all
controversy, is the very project which he
had in view. and is To cunsummaIe the work
which he began. think, Mr.. President,
that you must now concur with me in
considering the first proposition as fully
maintained. / pass to the second and
third. which, on account of their intimate
connexion. | will consider together.
2. That, with The view Of establishing
a Government Bank. il was the settled
aim and intention Of The late adminlslra-
lion TO overthrow The whole banking sys-
tenn of the United States. as existing in
the United States when that administra-
uon came into pnwer. beginning with the
Bank Of the United States and ending
with the State Banks.
3. That the allack was first confined,
from considerations Of policy, 10 the Bank
Of The United States; but that. after its
overthrow was accomplished, j. was then
directed. aud has since been continued.
against the State Banks.
We are not bound to inquire into the
motives Of President Jackson for desiring
t. subsrrG the established monetary and
financial system which he found in ope-
ration; and vet some examination into
those which probably influenced his mind.
is M. without utility. These are TO be
found in his peculiar constitution and cha
racter. His egolism and vanity prompt
ed him 10 suffice, every thing To his will;
To change, III remould. and retOuch every
thing. Hence 1be prescription which
characterized his administrator. the uni
vprsal expulsion from Office, at home aud
abroad. If all who were no! devoted to
him. and The attempt ~ reader The Exec
uuve department of governme At, IL use a
favnrIle expression Of his own, COM
plste "uni,." Hence his seizure OF The
public depnsI,es IN the Bank Of the UNI
led States, and his desire 10 unite the
purse WITT the sword. Hence his attack
upon all The systems Of policy which he
found N practical operation; on that OF
internal improvements, and on that of the
protection Of national industry. He was
animated by the same sort OF amblIion
which induced the master mind CT the
age, Napoleon Bonaparie. to impress his
name upon every thingin France. When
| was in Paris. the sculptors were BUSH
ly engaged chiselling out the famous N.
so odIous to the Bourbon line, which had
been conspicuously carved on the palace
Of the Tuilleries, and on other public edl-
fees and monuments in the proud capital
of France. When, Mr.. President. shall
we see effaced all the traces of the rava-
ges committed by the administration OF
| Andrew Jackson! Society has been up
rooted, virtue punished, vice rewarded,
and talents and intellectual endowments
despised; brutality, vnlgarism, and loco
focoism upheld, cherished and counte-
| nanced. Ages will roll around before
The moral and political ravages which
have been committed will, | fear. cease
to be discernable. General Jackson's
ambition was to make his administration
| am era in the history Of the American Co.
vernment. and he has accomplished that
object of his ambition; but | trust that u
will be an era to he Stunned as sad and
lamentable, and not followed and imi'a
ted as supplying sound maxims and pin
ciples of administration.
/ [ have heard his hostility to banks as