The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-04-20

10 dstetmlse whsihsf the bank be constitutional
or not II is. repeat, 10 show where the siticul.
ty les-a aiticulty which | have Eel, from the
time first cane into the public service. | found
then, as now the currency OF the country consist
ing almost entirely oil bank notes. | ,ound the
Government intimately connected with the ~ stem,
receiving bank notes IN its dues, aud paving them
away under its appropriation as cash. The iset /
YES beyend my control it existed long before my +
time, and without my agency and WAS compel T
led to &C, on the fact it existed without decid
ing on the many questions which | have suggest +
ed, as connected with this subject, and on Hauy
of which have never yet formed definite ofln
lou No can pay less regard To precedent
Than do, acting here IN nv representative and
dsIberanve character, on legal OF constitutional
questions but have fell troai the beginning the
iull iorcs OF the distinction sensibly tRken bv I
the Senator from Virginia, NJ. Leigh between
dong and unduing all act, and which he 50 strong
iy illustrated in the OF the purchase OF Lou.
Isians. Ths eonsn,utonalty ettha, act was doutl
sd BY many at that ume, and among others b it,
author himself; yet he would be considered mad
man who, coming into political life, al this late
period. would now seriously take up the question
Of the eensttutionalty OF the purchase, and com
ing to tas conclusion that II unconstitutional,
should propose to rescind the act, and eject from
the Union two tioutlshlug States, and 4 growing
Territory"
next ask the attention of the Senator's espe-
eiaiiy from the Northern States, bile the Secre- I
tary reads the short address To the Opposition, \
that they may how distinctly toresaw what +
MAS coming and how ANXIOUS | Sas to avert the +
ealsmuy that has taen On the section whete an I
,eipatea il woud ask the Secretary 10 read I
tbs extract numbered three
81 next address myself te the me bers OF the /
a ~. liz he
psrclal and manufacturing Portions Of tl.s
Try, where The banking system has BAN The Tar
thest extsnded, and here larger portion oil tae
property exists IN The shape OF cred, than 80 any
other section and to whom sound and stable
currency Is most necessary, aud the opP1-Ie most
dangerous You have no cunstIlutiona. Oh q exon;
to you II Is mere question OF expcdlcuey sewes
IN this light, can you vote for the proposed mea-
sure "a measure designed 10 arrest the approach
OF svents wAleh have demonstrated uust. u hol
arrested create commissions and revolutions an
to correct diseass which mG,t, n hot correct d
subjeet the currency to continued agital.oas apa
aucgus'ions aRd III order to give that pefmaueuce
stabIltY aad unIiurmlty when Is 50 essential L.
your safe y aud prosperity. To effect this may
require some dIuIiuuti0u ON the profits at barking
some temporary sacrifice vi interest but u sucii
should b, the fact viii BE- Compensated IN tn1rg
than haadfsG-toid proportion, ~ increased Sc
curry dal durable prosperity Ii tie ,y-tca,
must advance IN the present. course without
check. aad If explosion must follow, rcmeab-t
that here you stand = III BE- the era .er s3ou,d
the system quake, undsr your test tue chasai val
open thai III enguiph yeur institutions aud our
prosperity"
l regrel to trespass on toe patience Of The Sen.
ate, Dot | sish, m justice to MS self, 10 ass their
atteation to one motr, which. thoGgn not nnutc-
diateiy relating TO the question under considers.
lion, is not irrelevant TO my tiHdlcaiioG. | not
only expressed ms opinions freely III relation 10,
the currency and the bans, the spaecn from
which such enyI1us extracts have been resd. bus
had the precautIon 10 nue. my POLITICAL position
distinctly reference to the pantc4i parile. Of
The dag, and the course wo1 d pursue IL rc!atiua
TO each. then, as nov, belong to the party 10
whlch II is my glory ever to have been att4ched
exclusively ana ayowed explicitly. that | be-
ianged 10 neither 0: the teo PARTIES 0pp1aitgu Or
Administration, then conleadiag Tor superiority,
saich oi Itself ought 10 % lar = repel tbe ahargr
OF the Senator from Kentucky, that have gone
over from one party TO the olaer. The Secretary
sal read ms last extract;
" | an tie tlrliz4a, a. | have sssd, of no clas.
nor, ss MS add, 81 any political party. AN nel.
thet Oh the Opposition nor OF ths Administration.
|: ACT nth the former any instance. ii g. b..
cause approve of their couf5e on thc particular
occasion and SHALL always be happ} u 4ct esta
them heu d. approve. Ii | oppose the Adaiia.
lslraton; II ] de-lrs 10 power chauge hand-,
1t Is because | d.appfoya 81 tins gcucrAI course oi
those ~ authority; because they nave departed
from the principles o. winch they came INTO o..
fee, because, INSTEAD ii using ths imuense poa.
er and patronage put Ia their hands O. secure the
liberty OF the country aad advance the public good,
they have perverted them Toto party instruments
Tor personal objects. But nine has mol been. nor
wi II BE-, systematic opposition. Whatever
measure o. theirs may deem rlght silsll cheer.
fully support aud fewer for opposition, tran they
haye heretofore d0Hx'
such, Senators, ara my recorded sentiments il
1854. Iaey are full aHd explicit on ail the cues.
tions involved ia the present issue, aud PROVE BE-.
yohd the possibility Of doubt. thai have changed
no spiaiou, abandoned no principle, uer deserted
any party. ! stand nov ths ground stood
thco, and, Of course Il my relations 10 The pp-
posing parties are changod-li | noY act with
those that thee opposed and oppose lhOse tli
whom then acted The change Is not iu me. at
least have stgod .t. 10 sayiag tb,. accuse
none Of changing. leave others 10 explain their
pfsiion, nov and then, ii they should deem ex
pianatisn necessary. But if | may be- permntod
10 state nay opinion you'd say thai The change
is rather ~ the question and the circumstance,
than "a the opinions principles 81 slther III the
parties The Opposition wefe then and now na
tton4i bank men; aud the Administration, in ike
manner, ~ere anti-natoBai bauk and IN favor "a a
hague OF state banks, ehs | pfcierftd then, o.
no", tbs f1rmer 10 the latter, aud divorce from
ban3s To either When the experiment Of The lea
que iatIed the Administration were reduced 10 the
ePif3n between national bank and d divorce
They choose the latter, aad such, have no reason
/ ~ d5ubi, would have been their choice, had the
+ option been ne sane four years ago. Nor have
any Doubt, had tire option been then between a
lesgne " banks. and divorce, the Opposition then
a. now would have b. EN- Ia favor az tbr Iay~na