Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-08-20
L,N.ununG, August go. 1888.
ME-. CALIIOuN,S LETTER.

Nh Preston II I Columbia.
Mr.. Calhoun, IT seems, Is IN favor OF the Sub
Treasury, lof lhe purpose OF uniting the South" II
winch end he deems unanlmty among the people
of South Carolina absolutely essential. And yet,
with hls usual consistency, he tells u.s. almost in the
same breath, All lac applehcnded from tins very
question, that his own Stale would be " distracted
aud divided BY the course which his "rccorded
Opinions" years ago, well as hIs present con
wolions, compelled hlm 10 take Admirable mode,
truly, to produce unanimily!
Wene told by Nh Calhoun that the ony al'crna-
tive National Bank Of the Sub Treasury, winch
he is pleased 10 call the constitutional treasury -
though we should be obliged to him to tell us IN
what eiat@c OF tie constitution he finds one word Il
boutl He Is sIicAer for Strtc! construction at
present; and we have right, therefore, to hold him
TO the ieHcr OF the constitution. Where is the pow
cr Wcdeiy Inn to put hs finger on it.
But whence, we ASK all this bonn horror OF
a National Bank Ii II be so ieallul an engine
OF dcsPotI,m, Mr.. Calhoun now represents it
II IT be hostile free institutions aud to South
ern UNNECESSARILY was John c. Calhoun ITS lead
ing champion in l36' Why did John G. Calhoun,
so late as ISL go for an eongalion of its charter
,
posed by Daniel Webster Why did he not then
propose hIs constitutional treasury ? We appeal
from Philip drunk to Philip sober" Aud by the
WY, thu last Columbia Telescope contains para
graph IN polut, aud STRIPS even Gen. Gordon of Al
bermafle, OF The parenage, upon which he plumes
himself not hlte, of this Executive Monster 1t
states that the Sub Treasury scheme was not ORG.
mated by Gen. Gordon, but by Mr.. Condy Rapuet.
who suggested to Gen. g. after hat been dcclia-
ed By Ae Hro south Carolina Senators. And this
statement is corroborated by the historical fact,
which II also mentions that - al the very time that
Gen, Gordon was urging the Sub Treasury in the
House, MI Calhoun was urging the L. 5. B ank for
twelve years III the Scnate'-and indeed no serious
alluslon made to this famous constitutions
al treasury" until Van Buren, brought it forward in
his Message at the extra session! So much for
Mr.. Galhcun's consistency.
/ MI Calhoun tells us that if a National Bank be
chartered, it wlIIyirtuaIly elect the President! The
old slang of the Jackson party which no one more
than MIR. Calhoun once secuted as a base attempt Ia
impose on the understandings OF the people. A Ma
uona Bank was IN existence in 1929-did it prevent
+ the defeat of John quincy Adams 1t was in cxis-
] tencc IN S32-did it prevent the election of An
drew Jachsou7 No. And Mr.. Calhoun well knows
that ii did not mnglc ia politics at all until it was
forced TO do in selfdrrnce. He knows that it is moi
MS interest to identify iteslf with any political party
aud To be subjected to the consequences Of the ,e-
qucat fluctuations which necessarily attend political
conflicts 1t IS It's interest 10 keep aloof from all party
Alliances so that, whether this party that prevail
! IT may remain stable and secure. Its primary oh
Jcct IS 10 make the most ofits pecunarv advantages
and these are always endangered when it connects
/ self with any pniy In This fact We have the stron-
gcst possible security, that, political engine the
people have nothing TO apprehend from such an IN
slitutlon properly organized.
/ NTH regard the sectional character of the
Bank, and 10 the depressing influence which Nj,
Calhoun alleges it will exert upon SouUicrn
interests it is all ideal, We do not believe that he
apprchcnds any such result. What new lights have
burst upon his VISION since 1916 aud 1884 If it be
hostiieto Southern interests now, why was it not e
qually 50 then, when he its leading champion
We are tired ot assertions like this unsupported as
they are by either argument or evidence and con-
tradictcd alike by reason aud experience. WHY does
not Mr., Calhoun condescend 20 shew us the modus
opertndl by which the South will be depressed by a
National Bank Give the rdtiondie of the propo-
ston, aud let Judge OF the soundncss Of the rea-
sons. The South is always more benefited than the
/ North by a sound curency-and tins the Bank will
give Nh Cahoun's iavorite CONSTITUTIONAL
treasury IS noW in fun force aud ygor and what do
we see Southern money at heavy dscounts-and
brokers and shayers rcaping iich harvest from the
necessities of the productive classes. We do not
wonder that they in favor of perpctuating sys-
tenn which fills their pockets, with lttle labor but