Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-10-11

ng afny. you'll scarcely be morc dangerous 10 their
liberties than to permit the Governments In accnmu.
late m immense amount OF treasure beyond The sup
plies necessary TO its legitimate wants. Such Tres
sure would doubtless be employed at some time, ~
II has been IN other countries, when opportunity
tcmp'ed ambition."- Gigbe.
For thrsc and many other reasons repnd,aic tho
scheme ol Special Depaaes What then do ] adj
rocate The Sub Treasury oh no. The Rep
rrScntatises oCthc people hive four times rcbuked
/ Executive conumpes m urging that measure. and
the people themselves. from one extremity Of the
| l'nionto The other, havc rcrchocd ihs eensurc.-
| II ! esteemed the measure y saldtafy one, lin
Which light nm fu from regarding it,1 tho per-
tintcily with which il las been pressed. against tho
rlcaresl indications of tie sentiments not only of tho
rtnp,e's Representatives. but of the people them
selves would OF itself constitute with ne sufficient
Ground inr abandoning m Administration iha, dared
/ thus In disregard The deliberate viii oithe great bo-
| dy of liz constituents. thank God that Il needs
not my feeble t,umpio awaken You 10 n sense Of
the d1ngefs which thu measure Involves. That
"noe las bfeu performed lor YOU by hose whose
elo1lrhi notes idare not coufouud with my tune
less cchoea. Your tlays and yout Pfeslons and
vout Wl<es Wcir on The watch towcf aer. aud your
Rves WIS there too, ll3onf slotn of half hi, iali.
ancr, Ion the Hack LINES throw their shadow around
ana nset him. on are familiar with their lumi-
nous expositions of tn dangerous tendencies Of
that scheme and yoh nnile with ne in eondcnning
II now and forever. What then do advocate -
answer YOU, in the language Of Gen Iatkson's
message Of 1892, " flmt u Bank Of L. Stares IL
III many respects convenient Coz the Government
and nsefalto tie people" Butts such Bank
consistent with tic provisions of the Constitution
answer, IN the express words oCthc sumo hiah au.
thority, ''fha Bank of the United States com
retcnt 10 all the duties Which may be required by
Foeefnment, might be 81 organized rs 40, to in
Itns' @Son oui own delegated powers or the re-
served Rights oi '"r Sates, ] do MT entertain u
Doubt tSec Veto nestags Iuv TO- fs3a1 But
Fellow Citizens IN sober earnest u mi LAIN tho
right Tor Congress 10 charter Bank, n,~.. H..
ground ofGrn. Jackson's repeated admissions Of
that lighf, Thonch there Tine when that
would have furnished 10 the minds of many the
strongest argument in It's favor. The delnsiun has
PASSED away Ike The mt OF the morning, 4
and reelection me again iffadiatue lc popular mind.
owe II N oandor to You 10 admit that for many
years ntSsci questioned the right Of Congress TO
chatter National Bank. ladmtwhh equal frank
ness thai questioned ihat iieht without such NJ
examination If the subject ~ nsded any conclu
SION. had no duty 10 perform in relation TO tho
Bank question it did not come upIdnll l'r discus
SION before HE people and | concerned myself, ~
m my no donb, have done, with tho knowledge that
eminent neubers ofihe State Rights parry. who haL
bceu called upon to investgelc the subject bad re-
g1rded the power at least doubtful. In the case
Of the Removal ofthe Depnsitcs did not consider
tic constitutional enquiry At all involved. Whatever
way have been the objections 10 the Banl charter,
knew TINT charter % constitute part of lie public
law, and lid not rccorniae the right Of Tie Pres
ldcnt virtually to abroeate that law by changing at
hrs own caprice the legal depository of the public
treasure bnt IN" enqury is now forced upon us
AT I'll its Importance aud have given to tho
MI =, most patient, aud hnk, unbiased fellec-
ton. The result Of this reflection is, that while
regard many oithc provisions Of the old Bank char
ter Objectionable, while would insist on several
important qualifications Of that chatter, | hold
National Bank, rreul9led aud controlled tho
experience Of the past may best admouishus. Is full
~ within the constitutional competency oi Congress
ia q Inv la ni
Government and Tho people, aud is Indispensable
TO save rs FROM the multllarlous evils ofa poI-
cal Bank, which is now practically the only ale,na-
tive.
shall briefly state to you some Of those reasons
which have led me To this conclusion. In booking to
the Constitution II lie United States, perceive THAI
the sovereign power IS divided between the National
and State Governments. The Government Of tho
United States has sovereign power 10 its declM-
ed purposes aud trusts, and the constitution express
~ recognizes HAT sovereignty when il declares that
ihr liws Of the United States made in pursu-
ancc ttlla tuition and treaties made under its
authority, shall be the supreme law Of the land. Be-
ing soveretg ~ to each declared power il posses
Sc, ofcoursr the uscparablc attributes Of sovereign
w. the ght to employ all the means requisite and
lalty applicable to the atainmcpts Of the ends Of
such power. 1t were IDLE 10 admit the sovereignty
of the Government rs Ia lis specified powers aud TO
deny the ri lit of deciding ON the best means OF
exercising those pow ers. limit will OF course bc
recognized by an, thallhc means used must not bs
immoral nor contrary the essential ends of the in
slu5n Of the Government. This further rcstrc-
ton must also he admitted in a Government
whose powers are limited, that the means used have
a natural relation To Acknowledged object or
lawful end. Now Congress has pawer TO lay aud
cole taxes, duties, mposts aud excises, 10 pay tho
debts and provide for the common defence aud gem
cra welfare. The right OF raisln. revenue aud tho
obvious ends Tor which thai revenue is raised, name
~ to pay the debts Of ilc Government. &c. implies
the riut OF kecDinu and dIsburspT
that revenue. II prudence, economy and a due re-
justified the selection of individual ase t. Tor II ESQ
PURPOSES Congress has inquest ionably the tight
10 sauction the appointment of individual agen,s.Ax
the obvious wants ofthc community, point ont cor
poiaon in the form Of an United States Bank, as
The safest aud best depository Of the revenue tho
safest aud economical disbursing agent what is
there IN the constitutions what in the reserved
ehts of the States, that initiate against the cree
ton Of sneh a corporation! Whence has arisen our
holy horror Of corporations An incorporation is
but more efficient means of accomplishing leg-
mate object. \ number Of individuals, for Instance,
wish to aye in trade, unie take the construc-
ton OF rail road, the digeu. OF a crnal. the
manufacture OF cottoa, the draining of swdn,ps or
any one olthose countless objects to which he en-
terrrize OF our people IS tuned and BY which our
country is daily exhibiting such prodlgies OF welt
directed energy rs to as,onTsn the world, The acts
Of Incorporation have given all these individuals
associated for these objects capital. no credit;
/ they bave created for Il EN- ends; they have
merely gireu additional facilities for attaining hei.