Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-04-04

gistrate for tho Presidency; that ii it were |
wrong in the President 10 make illusions to
the elections in the states, it was equally in. |
delicate for that Senator to indulge in such
illusions and he will recollect how often
he has invoked this body not only TO bear
in mind the results of certain State elections
which he named, but 10 wait ill they heard
from Tennessee, from Pennsylvania, from
Virginia, what their legislatures would'say
on this Sub Treasury scheme, before they
acted upon it. Sir, the President had as
much right as the honorable Senator to
speak of the State elections. know ONO
legal, no just moral inhibition, againsrthe
usterance of their sentiments on the subject
By either OF them. e,soe sl.glo
Nothing then, appears TO me to have oc-
Cured to justify the conclusion to which the
Senator from Indiana has come, tina. the peo-
PIE OF the United States have condemned
| This measure. Sir, it has been condemned
| by interestc banks; by brokers by spec
uators in politics, as Well as in property;
by mcichants, who seek every where, but
in their own improvident acts, for the eau
SEES of their disasters, and every where, bat
|
remedy for the ills which transient!y afflcl
them. It's fact also, as minated by the
distinguished Senator from New York.
( Mr.. Wright, that the most extraordinary
and pcrsevering exertions have been made,
here, and elsewhere, 10 make up the pub
lie judgment against this measure, even be-
fore it was debated. 1t has been dcnoun-
ced, in advance, as measure fraught with
tremendous consequences, worse than all
the calamities Of q war with the most po-
tent nation on earth. The denunciaion
has been daily repeated by the honorable
Senator from Kentucky, and by some of
his party friends, until, doubt not, they
have begun 10 credit it themselves. But,
sir, in despite of the disposition of parties
to receive the declarations of their leaders
with implicit faith, this measure is gaining
ground with the American people; and the
more it is discussed, the more generally will
it come to be viewed as measure indis-
pensable to the security of the public mo.
ney, the stability Of business and the cur
rency, and the purity and safety of our free
Republican institutions.
Some years ago, in another place, warm
ed by the circumstances and associations
around him, the Senator from Kentucky
pronounced the measure Of the late Presi-
dent to be worse than war, pestilence, and
famine. And what, sir, was the real fact
The country never was more prosperous
and happy than it was under the whole Of
the administration of that illustrious Chie
Magistrate. No epoch in its history was
ever more blessed. The only unhappy
people were those who aspired TO the hon.
ors and emolumentS Of public station with
out success
The honorable Senator from Kentucky
predicts that this measure will lead to con.
solidation. On the contrary, sir, it separates
this Government from the moneyed institu.
tions of the States. It takes from it all the
means of undue influence over them. II
establishes treasury Of its own, with no
power to use or disburse the public funds
except in pursuance of appropriations made
by law; and it arrays against It in all the
States powerful moneyed interest adverse
to the Treasury system; an interest which
has commenced war upon the system be.
fore it is established; an interest too well
calculated, fear, to impair the vigor and
efficient action of this Government.
am glad TO find in the honorable Sena.
tor returning symptoms of regard to the re-
served rights Of the States. had appre.
hended that he had changed his carly prin.
ciples on this subject. The high tariff sys.
tom, Of which he was the abe champion
embraced within its scope all the interests
Of society, individual, State and National.
Ii struck directly, not through the medium
Of the State Governments, but immediate
", as if we had been a consolidated empire
at the pockets, the business, the property,
of every man, woman and child in the
country. The great system of internal inn
provement upon national scale, was sup
ported, if not projected, by that honorable
Senator. That system would have given
boundess enlargement to the patronage and
power of the General Government 10 al
'tates, msnacing not only danger to the
public liberty, but the absorption Of all the
resources OF the Treasury, the states and
the people. To these, sir, let us add a ma.
tional bank, the pcrsevering advocacy oI
which has SO long distinguished the Senator
from Kentucky. Intend to revive no wal
upon the late Bank Of the United States
speak of any national bank, when say
that such an institution, operating, under the
mantle of this government, upon all the pc
cuniary interests Of the country, has a con-
ssldating tendency, and would require con-
slant vigilance 10 avert or weaken that ten
dcncy. SIR can discover in the measure
before US no symptoms Of consolidation to
compare with the tremendous features o!
the system to which have just adver,ej.
and which threatened to extinguisa all the
reserved powers and rights of the States,
if not to subject all the interests of the PEG
pie to the unlimited control Of the General
Government.
The honorable Senator from Indiana
[Mr. Tipion,] alleges that this bill is con.
hct between the friends Of a hard money
currency and the friends Of mixed cur.
rency. The Senator is mistaken. II is a
conflict between the friends ola specie cur.
rency, or its equivalent. and the friends Of
an irresponsible, unrcdeenable, and unrc-
deemed paper currency. The supporters
OF the measure before the Senate are for a
policy which will bring all banks up to the
specie standard. It's opponents are for
surrender Of the Government and the cur.
rency into the hanls Of paper banks, and
for making both the Government and the
people subscrvien To bank interests. do