The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-05-16

: lightly alnng. in feli or On velvet. ill ne
get the hanks within our poser. and
then, kill. kill. killI''
} Sir. We may talk a. much - we please
about Ihe resumption al specie payments,
bnI tell you that. with goErFnmeni thus
warning upon the banks. IL resnmp.ioa
shonld take place. aRolher Suspension
fear would fsllow. u Is not war. Sue
resslnl az unsuccessful. between govern
menI and he banks: IL is only peace.
trust. confidence, that can resi0re The prns-
prriIy nc Ihe country. Thu system Of
perpetual annoyance 10 the banks. This
hnarding up Of money which the Country
demands far lis own necessary nses. liIis
bringing al the whole revenue ia act. not
in and and furlherance. hnl in direct him
dTnnee aud embarrassment Of commerce
and business. is utterly irreeoncllable
with the public interest. We shall see
no rrturn of former times oil IL he aban-
daned-aliogelher abandoned. The pas
sage Of this bill will create new alarm
and new distress. .u~ .5~-s~ Il
People begin already Ia fear their own
government. They have an actual dread
al ihnse Who should be their prnncIars
and guardians. There srs hundreds Of
tnGssnds OF honI I and industrious men.
sir. al ibis very moment, VIM would feel
relieved in their circumstances, who
would see better prospect Of an honest
liEelihnod. and feel more sure of the
mcsns Of food and clolhing for their
wives aud children, if they sh0uld hear
that this measure had received ils death.
Let US, then. sir. away with il. DO we
not see tie world prosperous around nsi
ID" we not see other governments and
other nations. enlightened by experience,
and rejecting arrosan, Innovations aud
ihe"reiIe dreams. accomplishing the great
ends "f society!
Why, sir, why arc we alone among
the great commercial states! Why are
we 10 be kept an the rack and torture Of
these experiments! We have powers,
adequate. complete powers. We need
only Ia exercise them; we need only 20
perl"rm anr constitutional duty. and we
shall spread content. cheeriulness and 10Y
over the whole land.
This brings me, sir. 10 the second in
curry.
Is this measure. Mr.. President, a lust
exercise 81 the powers Of Congress, and
d"rs il fulfil al nur duties.
Sir. have SOFTEN discussed this point.
! have SD constantly insisted. fur several
wears past. 0n the constitutional obligation
"f Congress To take care of the currency.
that the Senate must be- already tired Of
the SPEAKER. il not weary of the tonic.
aud yet. after all. this is the prea, and
paramount question. Until this is settled.
the agitation can never be Quoted. n
We have nni the power, we mus, leave ,hs
whole subject in the hands of ,hnse WIN
have u. ar IN nu hands: but il we have the
power, we are bnund TO exercise il. and
every days neglect is a vinls,iou nj
duty. l therefore again insist, thai NE
have the power. and I again press ITS er.
ercise an the two Houses nf Congress. I
again assert. lha, the regulation If The
general rurrency-nfi the munpy Of The
country. whatever sriusliy Constitutes
Z
ih II n"nPy--is one al nur solemn duties
The constitution conlrrs an us, sir ,he
| exclusive power m Courage. TINS mas,
have been done fr The purpose nr ena.
hltns C"ng'"ss {" establish oue nn,f,,rn
basis l"r the whsle mnnpy system, Gun.
gress, therefore, and Congress slunp. his
p"wer over The foundation. the rrnund.
work "i the currency; and il would be
strange and anomalous. having this. if II
| had nothing 10 do with the s,rurturs. the
edriice. tn he raised an This foun Ia,,nn,
Convertible paper was already in circnla-
ton when the constitution was framed
and must have been expertej 10 con,in.a
and 10 increase But the circulation of
piper ends Ia t'splaee CON; it may Danish
II altogether; al this very moment il has
h'"l'hed II. II. therefore. the pow or over
: the coin Dies not enable Congress IN
project the roin, and In restrain any ,binr
which would supersp,lc il, and abolish ;,s
use, the whole power becomes uuga,orv.
Ii Others may drive out The coin and fin
the r"unlry with paper which ,!oes M,
represent coin. oi what use, | beo IN
kn"w, is ,ha, exclusive power over co;ns
and Coinage which is given to Coneres,
hs the constitution!
Gentlemen On the other side ad,n;,
;! that il is the tendency of paper circnia.
lion I" exprl The coin; bu; then thew SAT-.
that. !"r that very reasnn. they will
withdraw from all cnnnexinn with ,he %.
neral currency. and limit themselves IN
the single and narrow obiec, Of nro,ec,.
ing the coin. aud Pr"viding for payment.
) To Government. This seems 10 me IN
;, be very strange way Of reasoning, and
very strange course ofpoli,ical conduct.
The coinage power was given Ia be used
f"r the benefit Of the whole country. and
: not merely to furnish a medium for the
collection Of revenue. The obiec, was
To secure, for The general use of ,be
people, a sound and safe circulating me.
4