The Pearl River banner. (Monticello, Miss.) 1837-18??, 1838-01-20
GOVERNORS
INAUGURAL ADDRESS.

their gift. have hereby impused upon me
a debt Of gratitude which cheerluIiy &C
knowledge, but can never reIay. ! Tee
NOS, sensibly that the dunes OF The "ihce
are, a, the preseu, time, peculiarly ardu
Gus and responsible. The evils OF an 10
convertible and deprecated paper cur
rency Expresses the whole tommunn,
confidence is ,neasurably destroyed, cred
,ors are urgung lbe collection oil thelI
debts, the price Of our great staple IS o.
pressed, and the people are apxIuus'y
looking 10 The legislative wisdom OF !he
State Tor relief.
| TO form ,nere perfect union, provide
for the common defence, and general
welfare, the States OF tn. Conledeiaey
delegtaed cerlan enumerated ano dehn'
ed powers To the General Go'erDment,
and expressly reserved 10 themselves me
free aud uiF siriCtrd excise OF all others,
not specially prohibited by the Constr
tuition. Ever prevailed since the tounda-
ton OF The Governments difference OF O.
pinion has prevailed as 10 the extent OF
federal powers: one party has contended
for a latltu!lnarian construction ct the
Cons tuition, aud sbt % sonsolste nea'>
" oil the atllilu'es If sovereignty 10 Inc
National Government: the otht Z ia iis's'
ted on a struck constitution, and opposed
the exercise OF al powers not dtles gated
or stri city Incidental and necessary 10
carry INTO effect the enumerated powers
be,ag firmly persuaded that the States
have granted 90 powers to the General
Government, except Those specified IL
the Constitution. 1 VIII steadlaslly .op
puse the exercise Of all powers assumed.
Necessity, however urgent, and rFece
dents however numerous. Can never jutiIy
an Interpolation OF The Constitution.
The whole country is deeply agiIated
in relation 10 the character OF Nationsl
Bank. The creation OF a corporation is
a substantive pofer. and one of The high
esl acts Of sovereignty, NOT an incid.n
tai power, and would have been eonierr-
ed on Congress If 1t had been thought
necessary and proper.
The journals OF the National Conven
ton, and the published debates IN the
State Conventions, which ratified The
Constitution. conCIusIvely show, that the
power TO charters bank as VT as To ere
ate corporations, was solicited and reiu'
sed, and never intended 10 be conferred
upon Congress. II such a psetens'oa is
now sanctioned by The people. Congress
will have it in theirpower; through cor
porations; 10 change the drsce", and dis
uibution OF property-destloy cur re-
sources g. revenue, entually annih,late
The reserved rights Of The States, and The
Government, Will thus become a consoli
dated sovereignty. i would be unw's'
10 conieru upon the G.nerai Cover ument
the power OF grating corporate pr.v,le
ges. It's powers !, already 10 great, ont
should b slIi,ted, MOI enlarged.
Na,'oua! Bank would be highly rrejud'
ced to the planting States; located as III,
principal bsnk certainly would be. in N
York or Philadelphia, it would conler.th'
power Of controlling our conmeIce AM
credit, on persons possessibg neither com
muui,y OF interest OF cong nisl'y of feel
ing With the South, and moi amenlable [
our laws. Such an institution woul
soon PROSTATE our local banks, and IN
yolve the State IN wide sppad run an,
distress: !, could make money scarce !,
plenty at its pleasure, depres. or rails
the price Of every article ofproduce, an
every species OF property, aud woul
prevent US from building up commercja
cities within our own borders, exportin
directly the produce OF the soil, aud in
porting ourselves necessary articles ,
consumption.
The annual exports of Mississippi ar
equal TO one>sixib Of those OF N
whole Union; aud at the present low or
ces, amount TO al least 6'teen millions ,
dollars, - sun amply sufficient 10 affpr
TO the people credit tor all the Done
they require-brng exchange 10 our Ga
vor, and make other States dependant Q
US, instead Of continuing Dependant, 0
them.
| BY builning Up and fostering HON
markets, we will be enabled TO enact an
enforce laws protecting the planting i,
terest against the enormous cha rye
frauds and imposilions under which the
have heretofore suffered in The sale ,
their cotton, --e,ils which have ION
weighed heavily on the productive lab,
OF the country, and psralized the inJustr
: and enterprise Of our planters. Measur,
are now IN progress well incaicuIab'e be,
eht OF home market, which il sustaine
by vice aud ssitsble enae tmenls will 500
tree Us rom iore'gn vassaage, aid en-,
bic US to exlinguisb the debt WHICH han.