The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-08-17
FRnA rIig RICHMOND VINO.
TO Henry Clay. Es0.-I.yrT,

D""n hei' eueRtoifu tuiEilt DIT Tree iron
some OBJECTIONS which have been most sue.
cessluliy urged against the late Institution,
II would, at least, furnish no proyocaiiyes
10 the eDvIous and rapaclous spirit of aern.
rianIsm, winch 10 sloth, debanchery and
rags, eagerly vents It's rapid nallce agains,
prosperous industry and successful enter
PRISE. IL would bs comfort TO YOU, | am
sure, SIR, to hear no more Of rag bafons
and bloaied wealth, and moneyed aris,ocfa
cy. These courteous nppelaiions would
hardly be applied to The States; and then
the passions al men having tine to cool, We
might hope that they would a, last come 10
tskr correct estimate OF the use and value
OF the Banking system.
confess my self To be of the number Of
those who have mol gwen their minds far
play on this subject. That tho late and
former Bank Of the Uniud Sinles were un.
constitutional, did moi doubt nor GO nnw.
hat they were engines Of great political
mtsehiei, ! was sure. Bur what care the
mass of men for Constitutions and nol,t,caI
balances He who would found his opto
sitlon TO ,sea-ure promising individual
advantages, on such topics, mist ever speak
To Needless ears. Tie can bat provoke the
spleen OF the Jew, Who nav b. unailhnelv
convinced, and the scorn IL all the rest. -
10 debate such subjects successfully. resort
must b. had TO The arghmeafpm dd cg-naie.
nina. u thus can I've iaitlul urged, u Is sell.
| II uot, ] suspect Tint few meu, convinced ul
The truth OF any proposition, are tho scrn.
pulnus To use inliaetous Arguments for the
conviction OF those an whon sounder rra
s0ning would be thrown away. Sui, he
who would preserve hls own srlf respect,
"a Inconsistency ,rY 10 cheat himsolI INTO
a belief ofihe isulh and Justice of any ideas
/ he bads himself c0lnreiled 20 ADVANCE
! THIS Is particularly true Of Young men. and
| speak Of l,mc when | was Young. /
am not, indeed, aware If havGig prac;lsed
any such voluntary seil.dccep,ioa on the
su6Ieci Of banking bot am bound 10 own,
that ! ems conlcut 10 echo. wi;hou, a very
street examination, the iofa,s OF speech de
slsed 10 cheat tue niuiuiade, which found
current IN tho world. Nhen 1 CONSIDER
the iuheira, difficulties # the suhl-ct, / do
noi very severely blaine mysslf Tor this. In
| such race, At is easy 10 b. drccIved, unsll
~speurnce comes TO eXplse sophis,ry, and
| illustrate truth.
/ IIus he must BE- wil(,iily or incuraby
blind, who would Rrape 10 darkness 1T noon
day; and should haYn no ueh, 10 ask II
yau Ia toSIse your opinions on CERTAIN
/ pants. hS ihe hight II recent experience.
mad not made hike USE of the result at
he experiments on the currency Of the
country, ~ith which our rucrs have amused
Themselves Garipg the last h,e wears.
am conscious, too, Of having received "a
IttiIe nld from tine osieniaiions precision
With vhich Mr.. Calhoun ~ IA the habit al
stating hls s0phisms. /, requires bold
ness Of deception, Of which lew men are
capable, to impose on The un'b,uking. ~
= parade og the forms III loglc. while ttrs
who have q capacity for investigation. ore
thus invited 10 examine he soUudnp>s II the
premises and she accuracy ofthc conclusion
To the ,nlrepid assurance Of this gentle
man ve owe 1t, that the vague reproachc,
agarns, the Backing system, which hav,
81 long filled the ears Of the public, are nov
reduced TO precise specifications. Fore
, most among these, we find the charge. tina
1 Banks do bot lead credit Instead OF moue'
and complaint Of the monstrous advan
tnses afforded TO irw monopolts,s, by NV
ing them the exclusive right TO lend ih
credit Of the Government as we'll as thci
own.
So far as this charge Of monopoly /
made against The Re, Bank schcn'r, b.
i which the advantage was gratsifoUsiy CIV
. on to crtatng corporations, II is for the ad
= yocaies OF the late Administration 10 repe
!. ltt. know not one better qualified 10
!, the task than he who makes i, the expei
p !nrielan who can refute, change sidet
aud still resulc." Ii Is case exactly sui
ed 10 hun. Ii their he a man on earil
who can b. "a actor II rebs IN The satn
controversy who can blow hot and col
with the same breath, that man is Mr.. Ca
houn. Since hc had become the admlrer
:. General jackson, the apologies, Of his AZ
i. m,n,stratiou, and the advocate of his su,
II. ccssor and imiator, he certainly has |
'e' right 10 call on his old friends or on you
I, to repel this charge.
I'm II this clamor abont monopoly - to
ny u iderstood N reference TO the late Bank
~ the United States, u - notorlously aitho
. foundation IN point OF fact. Not only "
an ample consideration paid for II IN
vance, but, the books Of the Bank havl'
- been open to ALL there was no man 10 Z
community, who had not an equal chan
TO become a stakeholder TO the extent
r. his resources.
Rni n ~ sn,h fhni Hanks do but le