Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-08-23
POL ITH CAL.
EXTRACTS FRoMTHE SPEECH OF
RON. X. B. RilET'F.

iahh, II ofRrprssentiiuss, J""e 20. lo;'S
AZ the commencement Of this Gnvcin
n,eut, two great parties rose. rs !" the r";'
Cy of its 0dmitliStfailun,--ih. Federal and
Republican parties. ihr "mr, !carin" thu
il was ton wcak.-.h" U,bcr, thai ii was t."
strong. The Que, striving by construction.
10 add to its powers. --ihc ether insiS'in
that il should be keep, within tho power
pllinly granted hy the constitution. Th
ono. cndoavnring To build up ans! ,,rcnc,hrn
the Federal head. the other leaning 10Th"
support OF the reserved rights of the :oia',>.
The Que, claiming jurisdiction over section
nj inter sis,-,llc o.hrr. limiting its le:is!n
tiun TO these interests common and general!
90 the whole c"ni,.lrfucy. Now, sir. # tn.
measure, according to these GREAT prinri
pies is no, IL Hcpublic#n ST Right meas
lam prepared to abandon IT,
In the first Ilacc, Is III" hill ou N0ur tihir
proposing to col!rci eventually the revenue
of this Government. in the constitutional,
currency. bv it. own lorn,s plainly cnnStiru
tiuual " ithout tE" uid VI construction 10 sup
porr il! This i, admitted hy ALL II Is "pi'ns
cd unlyo s.ound> otrXpct'i"nrN. But how
Isl, with The ;lliernntivr o,hi> hill-n tnitcd
States Bank! Is that mrasnr" plainlv CON
s,i,urional, without ,l,r ai'l of rnns'rurri" i.
10 support it. Why, i, li>rah, construction
alone; formerly, from the revenue power:
aui lat,crv. from the commercial power
Wien first prop,schh? t!"xaudrr !'amil-
ton. in 1852, it was opposed lay Mr.. !riit .
eon, and ,h whole Republican, party ~
that day, expressly on the ground of it>
uncopstiiulinnaliiy. In fact u "ar'h" FIRST
great measure On which the l. cdrriii Hn''
Republican pariir. divided. II has hc II
vetoed Nv two Presidents on constitutional
Ill. a., t,.. :
Madison aud the Republican past. IN lSl6.
it was no. Il republican. hui federal mr;'-
sure. supported solely on the cromnd nf II
ccssiiy. from the peculiar SITUATION "i III,
country, drran@cd cmharra>sc'l, and rS
haus,cd bv ,h" late war. In the onH!
place, will! the hill tcna tn .'rrr-;i"n hi
Government the Federal Evn'li | shall
not attempt tn T.. !utr what is Ot course ire
furablc. the wild .lccanaii"n uu this s',itlrci
against the increased power. II Is n'iIrtnrd
the bill will give To tho Exc, ,u'iv" au'horrN.
This hill proposes bul MIN" ndd',i"na' oil
GERS: and unless gentlemen can show thai
hundreds have IN pnii.ical weigh! OF mil
lions. and illa, n'!i. idalS are powerful ~
banks it is uarIrsS t0 'loc'aim unun the sub
jcct. IT il the result q; an ignorance of
olicial details, Ia su,nn-r That III" Cnr'r~! of
the President over ,hr money III The frca
surv will LrGrcal"r when the money is kept
by nlliccr- of the Treasury, than " hen ii is
deposited with hanl:s. In either ,aSr, the
money can o..lv We drawn hv n warrant ni'
the Sr..rc nry Of thr Treasury, on " hich the
check of the Treasurer is,u's. and which
could rs easily he obtained. if 'ho>r officers
arc cnrrun - money is deposited
.hi hsut.s e.. IL. lis of officers. The
u.,r,s:l,.. ysE ST.. will only lonk To
t.r a1ns raft aud will know
- -; y-'rttriir uTT,tir 1sts,r
OF the funds. But compare the hill in thfs
respect, with itS alternative IA u. States
Bank. of fifty millions Of dollars. stationed
Il, The centre place Of commerce. with hrnn-
ches in every State Of the Union. Whn
shall measure the nnlircal power of such
an institution, associated with the Ex"cu
tive nt this Government? When the lar"
president Of The United States HHuk wa,
asked by the committee of this ll"uSi.
whether, hv the power Of ti-, ims'I;,itinn,
Er could crush any of the state banks in
The Union, he answered in tn" affirmative.
And whai better proof do VIC need of The
truth of this opinion. Than the power that
hank has displayed in lis lalc contest with
this Government. which no Influence ,uld
have resisted, hui tn II of iho late Prc.i,Ien,
of the United States. with po,,ulnritv
~
mcni, and an energy of will lut rarely
cqualcd in the history Of mrnl TIE fate
of that hani; will he lesson TO any future in
s,lulinn you may cs,a ilisI,. which " III NOT he
in vain. Banks 3n'l capital arc the tInig
raj allies of Government. Hereafter, they
will move on !! rliGuinI-lv io.riicr. under
ta!S Government: The enc trrn@Iti"mn" tn
other, III all their projects of ag.rnniizr-
mcnt and ifi:lc liberties OF the country sha.
SURVIVE their coainion few years, /, viii
moi he tcca.Sc tiay cannot he anI!i|l l,lcd
IL the last place. what iS The sectional oprra
zion OF this bill! II prpi,nsrs. hv c"ilcc,i.u
the revenues of til" Gnvrrnrnr:, i'm the
constitutional CURRENCY, To leave all the
scctinns of the Union to the luI rninvtucut
Of their natural advantages, under the on.
Grafton of the general laws of commerce.
Will this he so, md, the operation of n
United STATES Bank! Such Il bank will he
able To control the exchanges mll over the
Union; and hy approaching or h' rrrri,tins
them, force the tide of commerce into those
channels it shall desire 10 favor. " here
ever il is located VII he lh" centre p;"c of
credit; and by the superior means nf CON
mcrcial accommodation it viii ;.iI;,rd from
It's own great resources, aul he credit Of the
Government, il will nui To ccm;ra!izc tie.
whole commerce OF the Union. iui destroy
Iha, of the weaker $Gciions.-Thus. sir iC
am correct in my views of III, political and
commercial tendency Of this bill. il is strict
;i State Rights incusurc. |, Is clearly con.
s,i,utional. w!hour The aid of construction
10 support it. It does Eof tend to sire gi.,nn
the Federal Government ;t the cxpri," of
the States. ~ does no operate pur.i iily o.
the different sections of TIC Uuinm.
Eut there is anolh"r reason. ilr. Chair