The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-04-13

command, every thing, the want 81 "hles u i"'-
mind by the power OF taxation. But suppose uie'e
was no money in the country, none whatever 10 90
cxtortcd by the tax-galheter from an iuPos.t'sh'
ed PEOPLE Is the power OF Government 10 esas',
and lie neonIe tn be thrown back into state oil
n-,,,ep ri, Ssustor asks If taxes could be le-
IRA and collected IN tobacco, in cotton, AID other
e,nmod,tiesP Undoubtedly they could. u 'he
,,ecs.,,r existed Tor such inconyenient ihPosi-
,,on Sueh Il case of necessity cid exist Ia The
eoIony of Virginia, and other colonies, prior 10
The Revolution, aud taxes were accordingly tsleo
in tobacco or other commodities, as "oliseaiPS,
even al this day compose part oil Inc revenue VI
more than one State. $500,
The argoment. then, OF the Senator against The
right OF the Government 10 receive bank notes 10
payment OF public dues, practice ootNai WIN tle
existence OF the Government, does MOI seem W oc
sound. II is not accurate, TOT another reason
Bank notes, when convertible at the y M oil Tue
holder in,o specie, are 50 much counted or told
specie, lib the specie which is counted and put ID
marked kegs, denollng the quantity OF their con-
Tents The Senator tells Us that II has been
oply within lew day. that he has discoseTedlhai
II - illegal 10 receive bsuk notes IN payment OF
publie dues Daes be think that the usage oi the
Goyernment unaer all It's Administrations, ana
/ with every party IN power. @hleh has pfesaiisa
! Tor nigh hiiy years, ought To DC sci asi1e oy
novel theory Of his, Just dreamed in'o eAis'ence'
even If II posses. The merit OF ingenuity The
bill under consideration. which has been suiogi4,a
b, the Senator perfect IN ils snuciEfe anu u.-
/ tails contains a provision that bank noies shah
I be received in dmiBished proportions curing
term OF years. lie himself Iuiaoiuecd 'ha' 'H.h-
ucal cf,ncipIs How, then, eau he coatead that
( Il is unconstitutional 10 receive bans notes %
payncu, Of public dues, ! appeal from himssb
7 e. 4 b. - itr
psuefal despo.iIes eannot be Hadc With banks,
! aud bs thus coniound-d wiih The general u'ass OF
( tne funds ON which they transact business. IN.
argument snpposes that the money collected !of
taxes aust De preserved IN teenily b4t that 10
impossible. 2;ien. 10 DO. My not collector cave
the SINAI! change - hieh be has received ifom one
taxpayer to smother taxpayer, TO eDsble hini 10
fleet his psytnchI M, he not change go.d
lot silver, OF rsTst, o. both, u he b. ss'@"1
collector, 10 obtain an undoubted frmi'14hee 10
the public Treasury, What NJ President II
I the process VI making drposiles with bsh&s lhe
Dc ,sositr i, made, aud crrdsl s entered iof ala a
mount to the Government. That efsdIt Is cup
po.ed to BE- the exact equivalent OF the amour, ID
pusilsd ready and loftheou,IHg TO ,hs 6oSstan'cni
3hcnr,er Il wauied ior he p0tpO,rs OF disbaf'e-
nent. II - tumattEial 10 The tt0stfnWgept whclh-
a. II receives back again tbs sshiieA money pot
10, az other nl0ney OF equal value. All That ~
Ranis 10 What put IA thr b4nk- OF us equts4'eul,
aud tha,, IA Ordinary TIMES, sIih sucn Pfudesi
banks 80 alone ou.h 10 bs sestct,d, 1t Is core VI
getting. AGAIN the T:sasafJ has He9asnllg
10 maze rsnittances 10 i0feisB co0htiics te meet
The eIyondItuts nscrpsary there tor cur uasai
sqaadfou-, AID other purPoses They ATE ta@os
10 me bankers, 20 the BAnugs or The kuihchItas
ia he loru OF bits Of exchange pufchaasd "a It's
uiarkSt 10y tbs sssut Of lhc Gusstuuieat here, whb
money dra-n out OF the Treasury Here is ous
esussnlon Of the money received tom tbs tai
gathefcr inlo the Treasury. lAe bills are trans
mtted 10 the bankers. honosed, paic, aud tbs a.
noun, credited 10 the UEued Sta'tG Are The
bankefs bound 10 retain tae proceeds Ut the balls
IA Identify Are thry bound 10 do taois than
etsdi, the GOvsrumcDI fpf al eqJsl amount, iur
~hich they stand fvspons'bis shens'St 4 Is sn-
ted Il lhey should hAPpva to Use suy PATTON ..
thQse very proceeds u bills trutE,cd 10 them u
thsir banking oPetAiions, would u BE- dfasIu.
money irUm tie IreasuFS, contrary " tie PfS-
ylspsHs o. lhs Constitution
tn, S,nator from south Csrolias coa1aGts that
there Is constitutional poAet 10 c"nttaci with
the issniJ Use selected banAs. proposed ~ 'hs
substitute e. The deposIie ScI oi leJ6, Nhtlh D.
tai I'd the hearty appIUbaihsn % that ssnAtgf,
contained stn4ilar Pfoslst0h add the very biit
uuder considstatiSu 80 ~sruiiy supf~fed.by hi's',
provides, under cs5iaIn coating nctcs, Tor Coh
tracts be made Alth Slate b4nks, to receive Dc.
poslies OF tbs public money upon compensation.
iic objects TO the Substitute, that Il converts tNsF.
" hst State Back. into a system 81 ieatfai Instt
luIluns; bu, the employ msnl Of Safe las1i,u'iJns
by The federal authority 10 H0fo makes them led
efai. than The employ inent OF ecsfaI institutions
~ The States converts ihsB toto State iusttulious.
Ihs mutual sid and ths reciprocal employ men
Of the several institutions OF tins general aud pat
teuiar Governments, v oae OF the results asd
BEAUTIES o our admirable th1ugh comp.sI system
Of government. The General Government has
tie use Of the capital. caurt-hSusos, prsuns, and
penllepi,ties, IA The several Siat,s. d. tsty,
therefore, cease 10 aPpsria'n tn the sstcsI IL -
u BE- bosns al aiad hat although, The STATE banks
may occasionally b. used By the federal authority,
their lsgal responsibility 70 the several States re-
mains Gnimpared. They continue 10 bs secoun.
table to them. their existence can only b. tor.
minated OF prolonged b. the State authority And
being governed, as they are, BY corporate author-
iy, s.anaiIng FROM, aud smensbIo TO- STATE Iar.
isdIction. snd not under The control OF Ibs E1ucu-
tive Of tbs Iaitsd States, CONSTITUTES at once
greater security tor the public money, and more
safety 10 the public liberty. Ii has bssn argued
thl separation OF the Government from tbs
banks will diminish tho Executive power. &
! usi be admitted that the custody OF the publlc
money IN varlou. banks sublset 10 tho control OF
Safe authority, furnishes SOME check upon the
possible abuses OF the Executive Government Dot
ths argument msintains tina, tho Executive has
least power when II has most comprts posse..ion
of the public Treasury! The senator from, South
Carolina contends that the separation IN que,tmn
being once effected the relation Of the Federal
Government and the State banks will be autagoa.
isiical. believe so, NJ. PfesId,nt That il the
very thing | wish to prevent ! want them 10
live ia peace. harmony, and friendship If they
are antagonists, hos . II possible, that the State
baaks can mslatain Their et,.Ience against the
tremendous influence Of this Gnvarnneut7 Is.