The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-03-02
Mr.. TALLMADGE's SPEECH.

Message
IL Is an important document, and will be read
With great interest by the country. |, is holder
than report had represented II. II not merely re-
pels The chsrgs OF the brlbing OF the New York
suifragans by the Banks, preferred by Mr.. Van
buren, and the Globe, and reiterated by Mr.. Silas
Wright aud Mr.. Hubbard. but lsshes with wither.
ing satire " the Party" Loco foco, the policy of
the administration, and deaonst' stes TO conviction,
that the real ohjec. OF the Sub Treasury scheme
is 10 destroy the Slate Institutions, or render
them snbsefsient TO The Federal Executive.
Such views assumed and promulgated by Mr.
Iallnadge, Senator from New York--a promi.
neni member of the dominant pariy--und ong ia.
millar With Its feelings and views, cannot fail TO
produce deep impression upon the people.
We will publish the Speech TO. morrow. In the
mean time we present some Of the consider ATOMS
adducsd by him 10 proTs hat Mr.. Van Buren, and
his party mediate the overthrow OF the Banking
Institutions OF the States.
The Loco Foco Faction which had It's origin in
New York. sprung from the dregs Of pop ious
city, Ia hostility to ek-'ir. institutions, 10 proper
y, ana TO the order and vel! being of society. 10
the early stages OF its EXISTENCE ~ only noto
rIous for is tumultnous assemblsgcs ia the Park
10 reduce The price Of bread 10 re, up uobs against
Hour stores, aud preach crussdes against banks
creed" says NJ. r., "was the DESTRUCTION or TlIE
WHOLE BANKING SYSTEM OF THE c,uNrRY-t the RE-
PEAL OF CHARTERS, ASo TnE ABGoGArioN or VESTED
SIGHTS" The leaders ot this faction we're denied
EdinIsslon TO Tammany, and we're fepudiated by
oil the Democratic journals, except the Evening
Post Alter the message al the e1tt, session, and
The esponsai OF their dwelling doctrines BY the
ffesident, they marched inio Iammany Ind took
Pnssas-ien and now constitute the bone and sinew
ot the Administration party. They continue 10
/ preach down with the banks, down with mo-
nopolIss. Ar's,ocra,s, Rag Baroas," &c. &C., and
eStol TO the skir- the revolutionary and dcs,ruc-
tive doe..nes of Van Buren,, Benton & Co, whom
thty regard, and justly, as pledged to carry out
/ utir sgfarian principles. The Administration
rests On these n,oa for support. and lis policy, OF
course, must be IN accordance it'll their wishes.
THIS coalition bei~ee the dcstructises and Mr..
Van Baren, Is urged by Mr.. r as one strong syl.
Ounce Of the determination Of the Accumulation
to snbveri tho credit % stem and the institutions
upon which It is based.
lie specifies three other considerations for the
same bslIei-l. The effort made BY the Globe, the
organ oil ibs Administration. and sanctioned by
the party 10 induce the State Legislatures Ia with.
hold ell reliet from the hahks--ts permit them TO
ineur forfeiture Of their charters, and other clsa.
eilirs incident 10 non-pAymen, Of spscie ,. The
Sub Treasury Scheme. under the operation oil
Shch It viii be difficult II no, impossible for the
hank, TO resume, aud 3. The accommodation u
BaakrsJa Lar.
Ih's last consideration, 10 which wa sone tirie
sinee sdversed as furnishing a clue 10 the secret
designs Of the party, taken IN coau.son With the
others, will prove conclusive to the unimpass,on.
- public Bansiup, Law could be desired OF
TIE Pres'dsnt for no other purpose than TO ruin
fHF 49, Al.
o. fuaks them sobssfy;Snt To The Executive. Mr.
BcStot. IN bis speech at the extra Session ia favor
. The Recommendation, owed az much
M fsllmadge's speech. ae repeat will, as il
should ro0,s the country to the true designs Of
the Federal Administration, aud convince all 90,
sdi'u'Y bind sne hopclessly stupid, that the only
safety - the Republic Is IN stresiihg our rulers
10 their fuiauus career, aud erecting them from
othce W. have not recently. from peculiar ca u.
e, uhloh have ceased TO orcrs'e. borne the active
part 10 this great struggle zach our feelings
ptenp,ec bat the puhlic liberty, vested fi.hts,
ard The saiet9 .: the people, al or which are In
Danger tom tbs Goths IN uslicr dctnsnd the sire.
Auous support of sssry freed -Rlchmoad lEhig.
%
The Sab Treasury BiH.--The Nadiso.
man, saws, that Il this bull passes the Senate
At slI II canno, BE- by mote than Que or two
majority, aud that 10 the House, II is gene.
taily concrdcd Even hy us friends, that /,
stiI bn rrI"cted BY Ii or 90 majority.
~ relation TO this bill Mr. Clay lately
ss'd, 10 the Scuaie,-
IL j. my deliberate np,nion thai there has Been
no bill from the announcement OF the Govern.
uen,, 81 such memenlaus magnitude or lrsnrht
tth H. ffF.. IL
hsSc 90 donro TO create undue prejudice against
thls measure, bot | declare nv fal and solemn
conviction that az the caIam,ics Of var ~iih the
ui.~t polrut foser on earth would be blessing
compared SIih The consequences Of this measure
stt, believe u Stil lead TO the constellation of
N, IavofHment, ~ rather the powers of the Gov.
vfnmuni, 20 is federal authority, aud that Il will
tend 10 destroy the power and influence OF the
states themselves. II IL place al the feet of the
ssctsIsrv Of tho Treasury power equal 10 the
enubIHcd power Of the 500 or 900 banks dispers.
- throughout sho Uaion and supcraddsd 10 this,
the whole power al the late Bank Of the United
Nli'cs. Al this, slr, would be the ultimate result
81 ihls ncasarr, u adopted ii viii place all this
power at the feet Of the Secretary Of tho Treasu-
r. sho h,msci hes al the feet OF the President OF
the Unucd states"
Mr. Webster put some hard questions TO
Mr. Wright during the discussion of the
Sub Treasury bill. The latter IN his re.
marks bad declared ,ha, the Sub Treasury
scheme was more popular than any measure
ever before the country, Mr.. Webster
asked hun for his prool--was 1t to be found
throughout the Union do you believe,
SAID Mr.. W, that tho people of New York
will support IT or sanction It's support !"
Mr. WrtUbt noddsd vna