Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-08-30

through so many avenues to their will thar,
in their. hnpds il, will continue, to go on
through batYio worse. uni! the cat astre,f,ise
ovcrwi,elms. u.s. Mr.. Calhoun, n rI,nti
who slantspre- ointment amongst tho, most
eminent Statesmen nf the ec.Eingshis
speech IN lS.i in f;,yon Of the srenewiitSof
tho rharirr OF ii:c Bank nf.ffe UuiteSlsE,pcs
for l.: years from loi6, says '.Thcfe is no
pnw"r amy whore hnt in This government,
';ic loin, a"cnt of all Tie States, ;,ndtliroueh
which The concert al the actiou of ,tlieSwli0lc
can l'c effected alvqua,c To this great task
tthr task nf restoring the currcnsySao, n
sound ron'lition.) The rcSponsibiIityisupon
us and upon Us ;ro'e. The mcans ifil,eans
there be, must be applied by our hands or
o. no' applied at ALL" | refer 10 these
opinions. not with Tie intention 0flpresonI-
irg arguments with Tue view of nrlsw erne
item II could, hut Tor The ,,urpnse merely,
"' shaving than ibis is n question mon
w'icIrn'cn may honestly differ: but more of
this hereafter
A. /" Tie cxpch;cncY anl constitutional
~ "i u Na'Ionai Eank, il may uot bc.amiss
TO take Il micl review ni the history of the
mnitcr. AMI prc<cm same or The opinions O.
distinguished Statesmen, in rp,atinn 20 il.
Before there was Bank in any State.
tie Revolutionary Congress. in I7S1. Scs-
,ah'iShch 81 National Bank, called "T.r.
t;ank %! North Amcrica." OF that Bank.
h"'cr' Morris The i.nnncier of the Revolu-
iinn sad. ~ i'houf il. impcriect nS w;s lis
organization. III" business of finance could
not have hccu pcrinr;nct." Tho iir,i
Bank cn!!vd the 'Ra'k ,r The United States
waS chartered in lT9I, wlih II cap,aI of TO-.
hDDGGO Of h"!ar>. Til, Bank was m,in,v
ihc M":A al The irdcr;iii>rs, will! Alexander
Hamilton ;t their head Its ci,urtar wo.
~i-!"i hv President u nS!ingion. who WA,
!'r",id"ni oi thr Convention which formed
til" Constitution, / wars previously. The
time OF i'> charter cSrirct! in ISll. whcu ;.
Hill iDi The renewal Of its Charter failed hy
one Vote in the House uf REPRESENTATIVES,:
and was lost in 1nr s;cuaic by The cus,;uu
vote "i The Vice. President, The cousr
pu"ncc was. that he States cons;IcriDo
iiai Congress hah rrnn,Inccd The pnvc,.
lrurrCticd tn the establishment of several
nnn'rcd Banks: Hooded 'hn coun,ry with
paper. which deprecated. and rou,inur:i 10
!rp:rci:ic Gn'!i ch"chch hv The csi;,hi;.h
E'n'. III lS!G. "i III" i;'c Bank Of the L.
1,"i"-. ihis li0nN wns The work of III,
i>"i'uhIcanS, Mi Calhoun, Inwndes. &c.
at Their hchd II wn- chartered lnr The
i''ih "i "a years. w'lh IL capital of :SJ mil
liens nl dollars. the General Government
taking one ;;it!l "!'ihc stock, foreigners near
~ i"Tr;: nm! ;hc rest by citizens of :nc
ni!cd states. It had the effect Io reou.
late III" rNrl,;n"cS OF! 'hc country and Ia rc
Store Il sound and Stable currcncy-o cur.
rrncy 81 uniform Na'nc t'rou:;hnHttbe Union
Mr. Me cNuiiic III his rrrurt irG;n the com
mltrc Of Ways and Means in 1850. saws
"!r may lee com!idcuIy asserted that no
country ia i',e world has circulating me.
damn al mere uniformity thauY ,lIr UnircJ
.Siairs.' Ill has rroGuco,," st!;d the COM
rlircC Of the Senate. "a state 9f currency
approaching rs n>,.T; 20 pcriect3 3on rs corli
hs M safnr r6f l4f h7a bP tSEfaa2 u 1 ss!,a
tainahic hy amy citizen whn has money or
credit. VI hen in lis i,usscN~inn, il is cruiy.-
ivui 10 silver in a h. ,',alinIs with HE, ,i,,
ih"';S;'n ;'-"nis ri the t;ovrrnn,n. II :,rouo,,.
",.i l:r tni"n. In a'I lis daaires with "a,
inter, /. Il i better than silver: in nj, hi.
!"Ai'Ii@> WIN ~" c1r!n"tc,ai cities, Crnnl
/" s't'r' ann ii '"' ;nv purpose he desires
ih" silver Wilh Wh!c! ln h"uait il. il i, -,
M '!:Hrn"ai, ai:mn>i univcvsai!v, wi,iou,
ANY "in"nuiI'''i; aih never more than di-
h'!h"i!nh oi on" quarter per cent; Il i, ~!
easy I" imagine. it is scarcely necessary.
Ia desire any CurrrHcN better I,ia:i III, -,
.,.I, ,Tnrn., ,,;.;,,, .'"' ,,,,, ';' y """'''
,nn" or in i;'.,,?,. ? ,:', -" "n'''r'"' "l'ra
t.nn.,rs; or l1Sl. ~ ,,,l,. ,i'', ~ ~,
-l,,',h. In,...n. ,ri.', ''''' wv, ''S, ,'"nE
,,,,''I I .ra' WV" N'''' " 'S',
:" "-,,r '''""T ne second
n. ~. I;,,., :, H.; ~ '0i" WIN
,;rI l;nnl,. .nI l.,, ~. ~, W. I,, ''''" ''''
ri. A., .yrn.,,,,r, ''' ~, 1,. '7He'''",i'N
I.Ii.,,;,, n, y, r,''.''' ''''''!'i"h' A!r.