Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-07-04
NO. S99.

crnmcnt; and useless if practicable. Tho
ideh would be sDnrnch, that any triumph of
parry, or measure Of policy, could compen-
safe the country for the degradation and dis
| nohor winch would attcnl violation ofts
ii'th ana engagements, But unfortunately
sir, the country is divided; this House is di-
vIded, upon the great issue which the Presi-
! dent Of thu p mnsylvania Bank ofthc United
States, on the part of the banks, has pre-
scntcd To the country. The Government
ati,i the banks, he says, arc in the field face
10 race, aud ono or the other must he driven
rom II My colleague uttcrs the same
opinion and says that ga mortal conflict iI
now wasinS between the Government and
the banks" do not admit. tn At such con-
TEST exists in the Southern States: and es
i"c'hliy on The part of the banks of that
'''"'c "nich ~ part. represent. In that
quarter OF Tie Union, the banks have the
s"ou sense 10 perceive, that if united witt,
the Government, the banks will soon be-
come the Government. or the Governmcn,
INC Backs. Patrinrism and interest. there
lore, IN their estimation, alike dictate m
entire separation OF the Government from
INC banking institutions OF the couniry.-
hut SIR. agree with my friend, that such
Ii tonilict does exist i'm another part of tho
country. deny, however. that this Gov
trn'n"nt has made or seeks The contest: mr.
mas placed iisctin The field aeainst the banks
~ tie contrary, if facts can show any,
- III they all show, that so far rs the pres
tht government is concerned, it has uei1lIcr
>"u"h' any contest nor cvinccd anv hnstli-
~ TO the banks Of the country. Suppose.
SIT, lla Specie Circular was n cause of
embarrassment To the bankS-,iid the Gov
ern'nent do more than it had u rich, 10 do
with respect to lis own property! Had il
not Il light to sell or not to sell its own
lands, and TO dictate the terms on which
II would sell them! Admit that the dcpns
lie oi t!ie surplus revenue with the States
was cliimsiiy cXecutCd-werc the banks.
IN thai operation. required to do more than
ihcv had engaged to perform! Ditltlleyuot.
Tor compensation received Of their own &C.
cora, agree TO what was required of them?
ana VIII any man seriously assert, or cxpecc
others to hcicvc. that these measures oriri-
mated III hostility In the banks! and thar
implicated ~ he Government was, with
"l!i"H~ e." Il. I'-.tc with the hauks--com-
'IiI',t n = WIS againsl H.. rc-es,ab!isl,-
mcn' o. an Uniird States Bauk. contrary
I" "H,'t. mrtn''p'e nf duty Or common sense,
1t H.uu.. s=,A q contest in which i Ind
h"t"."G Ga..', and every thing To fear from
TN" "nr"Mln'' on ofIhc banks am! canifaIis,s
asan', IT'S measures ANA power! Eyen,le
corporation bankrupt law, SO much de-
CLAIMED against, suggested by the Pres
dent OF the United States bur which re-
celvcd II" support in this housc--mc,!i,ated
II" hostility IL banks but was only in
tended To apply y 10 los. banks which should
cease TO he banks by becoming insoI-
vent. Sir, it is Il truth. unqucs,ionabc. thar
II tho banks had fulfilled their own pro.
in!scs anl engagement, the idea thar this
t"\ crnmrnt had warrcd upon them. never
would have hc"n raised; and il they have
not heen able to mcct their engagements,
III their too eager pursuit of gain who isIo
blame bu, themselves! The Government
did not control their issues, nor has IL taken
away any Of their means tc NEE, them
On the contrary, since the suspension of
specie payments. what indulgence. has hccu
refused on the part CT The Government.
'hat lhelr warmcii fricinis have required
consistent with the laws and the safety ot'
Ihe reve' uc! What ianc:ionary ofrhe Gov
member on this floor. or in
the other wing of The Capitol, has expressed
any hostility to those institutions! The re-
al Groun! for oilrncc-ihc whole war exists
IN The proposition to separate the Govern
mcnt from all connection with the banks.
lh'' BANKS do not like the separation: and
because ii is proposed hy the tiuvcrnmcnt,
they dcclar" that II is war. 70 have moth
'"S ~ up Will tHclH--anu 10 leave Them Iin-
in The full enjoyment of their
cha. tered privileges. Is airOciuus hostility.
to avnld theni-to liy away from their ancn-
cy "r assistance, is t" make "mor,ai con-
tllcl' with them. Tie Government, onIv
asks, what the humblcst citizen has r;rht
to require, that it should he let alone, 10
manage lis own fiscal alairs in lis own way:
but the banks and the capitalists will nor
let II alone. They insist that they shall be
taken into the Government. and participate
IN manaS ing its revcnucs--amG because the
government declines their intervention or
evaporation, they proclaim that thev AMI
the Government are in The field face 70
face, and that one orIhc other must perish.
Whilst hypocritlcally CRYING out, that they
are pursued, they are i'll fact, in com.b;ua-
ton mlth the Federal part of The country,
hnhiIng down the Government, aud Storm
iS the hat'lementS of the Constitution for
ITS overthrow. Sir. although distress brings
confusion, ami III times ot trouble the people
are most liable To get deceived, it will be
tnpoSSbi" L. conceal irom them, the true
issue forced unon the country, according to
the vaunimg declarations Of the hanks them
selves. Ii Is Il contest between the banks
and the Goverumcn,--ihe capitalists and
the people. The Government, and tho
people To whom tho Government belongs.
are ON the defensive, and trust they Will
calmly and immoveahlv remain so. The
demand on tho one side is, anoihcrU. $.
Bank, capable OF controlling the whole cur
rcncy of the cuun,rv--pr u re connection
of the Government with the State Banks.
On the other side, it is sinssted that the Gov
L. II