Canton herald. (Canton, Miss.) 1837-1839, 1838-08-22

i0iuuiib q nslinnd c0ffeney. mY Ell
riulou ~. y should he entitled a. little
o. 30 coheealmeui iionp public in.l
4iesi.
doubt boi alo, bul tbc uld Bank
charter ~ other respects. was sussep.
sible ol additional sa4tary restraints
and notifications; whereby h mirht
have been rendered The less objection.
latlc 70 itsopponents andmore accept.
able 70 Us friends, without having
/ produced any essential changc IN lis
4 prominent TEXTURES.
Il lhavc said ihus much before giving
a direct answerto ym first question
supporting by cohtrasiing your first
and second questions together, you
Designed 70 ascertain not merely my
opinion Of the old Bank, but whether,
alec, lprelered 1t TO any other, which
might be organized.
The precedngexposition seems ap-
propliately suggested also, iorasmueh
as tie corporation alluded to, in its
banking franchise, has sometime since
expired, and even its extended power
T OF liquidation must finally terminate
! within the next sixty days. Hence it
is presumed, that re-charter OF the
d old Bank is not now anticipated by
D any.
Q With such qualification as the pre-
Q ceding observations imply, | now an
i swcr your first question Tins: Il raS
in favor Of the old United States
II Bank
70 your second question, 'Are you
! in favor Of National Bank of any
descriptions" my previous remarks
have, fairly indicated an affirmative
J answer. What precise form Of char
, teri would meet my preference, ol
o4What claim my assent rs d last resort
NJ or what the obnoxious feature.
J which would forbid my support un
!, der all circumstances. arc proposition
! which suggest explanations more nu
fmerons and particular in their details
than it is conceived you had any in
tention of elciting at this time, an,
I. are therefore iorborne.
., deem national paper currency
le equal and uniform in its vaiue-predi
Gated upon ametaIic basis, and at a
times convertible into specie, as on
g among the greatest blessings fre
II government can confer upon an at
IN tive and commercial people. And til
~ question, too, is believed to be we
% demonstrated as any political problcl
lly is capable Of, that the states Of tn
iTnion, acting in their separate an
re 4ndependent spheres, can never ia
nish such a currency.
bid But lam wei and solcmnly assure
also, that valuable as is this object
N. attainment, it may he purchased
too great and pei1llous a price.
an would say, therefore, without deGniF
the form. means and dimensions
to any bank charter which migbt
proposed to accomplish this great en-
al that it should be scrupulousiy guar
ties ed from susceptibilities Of too GRE
the political influence from the Cover
OBJ ment CT lis departments, on the o.
g. hand; whist On the Other, Elt shou
en- be watchfiRy resUaiRed in all iis {
en- pacitles for pudua cAerlions of pol
ical power on It's part, toward tho (
ub- yernment and the people. ] woj
SEQ not approve a National Bank, viii,
10 my judgment, did not embody
EN- its charter, assurances, 10 u reason
ms bic extent, Of the two principles
les bovc indicated. Would insist, al
IN its benefits should l,e equally distri
,ast ted; and, 10 this end, would prefer
set, a principle OF It's charter, that
ry. branch should be established in Ell
nes, state, and that the states to some s
lost CITED extent, preferred IN their ril
test Of bccommgthe tcekholders.
nal Waving further particulars, III
the ever, respond, secondly, that, q
in favor Of a National Bank
4 to 70 your 3rd inquiiy;'yow views
god regard to an exclusive metallic cWr
rca- Cyl. answer: That such a sober
ems. to my apprehension, is chimerlcal ;
tout impract;cable.
nm. What political dreamer Of this
lnor and nation, who looks calmly at
new busy mass Of the American peoI
off. pushing their various enterprises i
am all extremes, and all imaginable |
ONE suits,--where the spirit Of agricultl
b an the mechanics skin, and the con
For uous application Of the arts and Sc
am ces, to the development of new p
ciplcs, substances. and powers are
rs to ly unfolding new and boundlcss 81
God, ces Of wealth;-what living with
IoJ,ays. A. f.re -