Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-09-27

sien of this assertion - TO cad a. the inference
that b- was then an favor al tae ysiac,Pis Of the
Sub-Trrasary, bat opposed II only because he
deemed n premature n, one time anil imPG asilca-
DIE II another. Is tins uucs WHY, ~aS but
the othsr day, that copied extract from
has speech, delivered IN the Senate, m 1884, IN
which he denounced the whole PROJECT m I'M
measured terms Did he then, or ut any time m
i-35, avow his Partali,y for the P',aepi, oi thrS
new financial system. and express any TrgTet
that Al was premature" or 'impracucablc So
No. We defy him &C has friends tu show anv
aluSiun, m any one ot hi> SItvChcs t. the hrcrrs
which = not dcprecaiory AMI h"y,ilc m as char
actor. The NcrS same question: ~ noV i-tuic
the country which waS presented tor IT. decI ION
hcn,-to w.t. National Bank OF a Sul-Trcasu-
rN,-and NE cali upon HIM oT IN. friends Ia show
am thing IN the circumstances of thUsc Pcri",lS,
which. more than at ths rendered II premature
90 'mPrachcabls' II II a sheer af,cr-hough,.-
la 1884. he opposed the Prsociple 1T the Sub
Treasury scheme. IL h. lid not. there II no
meaning IN language. Read, for example, the
following paragraph from his speech
Bui there Is sn my opinion q sirong end iNSu-
FrEArLE oAJscoa agr,Hd r,so'iins o. i.is msasUrc,
tthc Sub-rrra>urV.) resulting from the fat that
an exclusive RECEIPT 90 specie IA the Treasury
would, to rave II efficacy and t. prevent extern
save Sp-culaii"n aud fraud, require chiJ, s,s-
c'ia,oiion ca IA part II Las g.r,rnmcHi ruth hs
banking sy':sa IA all itS forms. and resort H.
the strong box, thr m-an> at pre-, .cTyin. and
guarding H. iunds-a mcau>, AZ Jrs,itcIbis at sH
a. s pres at SaIe ~ tang liable Ia the objccticn
81 lcinr fer less Sstt, sc0noHoai and ,iEcicn han
Ia PrtspL"
Whlid,sS ihi, mean Doc, 1t mean that Mr.
Calhoun deemed tn Suh-TrraSury 4 wise Nys-
tenn, la, that It Vas then premature" tn resort
t' o. III" mus heck upon the people race
~ 'hicA-hco!ci t,-'l>. n Ia hopes u make them
lch'N" story, which - contIa'Ictcd, instead at
bc,na confirmed, hv his own w"ri>.
IN" "n, i'''h IA the extract which wc have cit
81 Hrm Mr.. Calh"uuS GrcenVillc speech, -, that
uue Object which hc proposed tu elect by the
Incorporation al the L. :. Bank. was e. .'unb.rnk
he tanks Tut ihls was not, he would fam
inder At appear, ms creiuSirc object That was
a terminate cNPrc>>i"n fuI Mr.. Calhoun, indeed.
aN,hui i"r THAT @cnilcmdnwoud bc unable 70 find
= single phrase in one OF has speeches giving CO.
hour ,u the idcS' - that hc was hostile o ilios, IN
>iiiu'IcnS. Aud yet, Il B.cani no ,aoh ihing, Mr.
calhoun evidently alluded iu the unprecedented
and DANGEROUS sTJsIIlsiOH at the Bankln, system
t'r consequence Of Gen. Jack>on's policy and
the direct effect of the destruction ofihe National
i'Snk, which could only IT, again brought with
ih safe limits by the rc-iucOrpOTation Of such an
ih>'inii"n, past experience having shown that
ihr existence of 4 National Bank not only re-
strained the issues of State Banks within proper
bounds, but that II also prevented their danger
On multiplication. What Mr.. Calhoun meant
by 'unhanking the Banks then. wa, not to pro-
hhh the receipt of their note Tor no such ilca is
even remotely limited nj, but io diminish their
""Hb'T IN the first place, and afterwards To re-
A'ia1n Them from excessive ISSUES. That lac now
attempts Ia give Ia those worls meaning which
hr Ed not dream 81 when they were uttered, IS
only another evidence of his ambmcIicrity anil
want "i cand"r. Lake adrnwnng man he catch
e. AT the only straw Which hc sees boating IN the
surface "i The stream. He will ~ fortunate, IN
decd, II II preserve hum from the political death
winch he deserves for ms base apuStacy alike
from ms parry and from principle"