The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-09-27
A TRUE REPRESENTATION.

The following 20 extracted ron nj. ~ -Ual
ie's Speech on the removal Of the dsPOsites.
delivered ash Of April. 1854, the Prophsiis spi
rl Of whish must excite wonder and admira
ton in the he nj ofsEsry reader
"Sir, il never has been the intention
Of this administration 10 return N specie
currency. From the very FIRST message
Of The present Chief Magistrate. until The
present moment. there has been dellbe-
rate design on the part Of those who have
written his messages. % establish 60
Vernment bank Of some form. 10 be used
as . machine Of political power. ] could
establish this before any impartial Jury in
the country. BY chain Of evidence strong
and conclusive. but have not lime to 20
into details. In the first message he re-
commended bank sounded upon the ere
dit Of the government and its revenues
and in a subsequent message he says: In
the spirit Of improvement and comPro-
mise which distinguishes our country and
its institutions. il becomes US TO inquire
whether il be not possible TO secure The
advantages afforded by the presen, bank.
so modified in i,s principles and struc-
inre as TO obTiale constitutional and other
objections
N his conversations with some of
the committees from our commercial ci-
ties, he informed them that il his expert
ments should fail, as it had already. he
would have a bank founded upon the
checks and balances Of this government
a riddle which | cannot interpret; but
which, like the responses of the Delphls
oracle, will doubtless be interpreted 70
suit any emergency. We have also heard
from distinguished confidential friend of
Mr.. Van Buren,, The second officer OF the
government, that we must have poll.
sical bank.' Now, sir. put this and that
together, take all those proofs and cor
meet them with the visible porients which
we see all about Us, and no man can re-
sist the conclusion that political bank.
welded by the Executive Department.
and converting the whole moneyed re-
sources and credit of the country into an
element Of political power, is to be the
final ronsummation Of this great and des.
perale struggle for supreme power. II
is easy to read the future history Of The
country, If the schemes of the reigning
dynasty are not defeated BY the people.
Anarchy is the highway to despotlc pow
er, whether it be a banking or political
despolism. When the Bank Of the Uni.
ted States shall be destroyed, the curen-
cy will be thrown into such arrangement
and confusion that the country will 70
prepared to submit to any national bank
rather than endure the prevailing evils.
Then the Administration will come for
ward in that spiri, Of improvement OF
Yh;ch the President speaks, with their
grand scheme Of a political bank, found
ed upon the checks and balances of this
government"
~ fear, Mr.. Speaker, that the lessons
Of experience are los. ON nations. No
people have been more severely schooled
by this teacher than the people of the
OhhSu 1easCS hiNC UScH upon Wis SuO-
ject. And l never reflect upon our pre-
sent condition and prospects, without re-
curing to the fate of the Italian, who.
possessing a strong and robust cons,itu-
jon, sacrificed it TO ,he tampering Of eS.
detrimental quackery. His epiiaph was
brief, and contained an instructive lesson.
Il was we'll; would be better; am
here May it never be the painful of.
fee o, he historian to inscrIbe the same
warning epitaph on the mighty ruins Of
our national prosperity.
II have a few words TO say to the
Southern gentlemen who believe this go
vernment has no constitutional power to
Incorporate a bank. And cannot but
express my regret that their constitution
al scruples should so operate as 10 render
them utterly powerless in the real con-
les, which will here be decided. between
the Bank Of the United States and the
greatest Of all monsters, a political bank.
Disguise it as we may, ito this complex
ion it must come al last" -