The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-04-20

~, rbsu nav lead % al The consequences
90 hare Described; and ] oppose
:. ;,,,;uns Ihal are likely n l-si % such
Is. Whsn The hshk should rerrise
=, money az ihs Gaseramrni, i would
"a, i,sslf % laxliiaa. ani i oaghi - he
,s.,,,sI On thai graaaa. an ssry giai
,As,b. asesiian Is RaM fairly me-. Tie
b ~, AZ IIls rouHirv depends % lie point
= ssplrali,.R: IL il.fFe be : SEPARATION
rr,usen tie Gosernmrni and banks. The
Is uill he On The republican side in
.,oa.i,iaa d taxes; IL they Eaiis, they
Ill De in favor 81 lhe exercise Of lie saa-
lie Seuainr SAYS ! arquiesrrd II tie
re AZ The banks beranse lie banks exist
o. Ibid 20 because he ennnsxinn -
i.fI. The banks were aifeaiy ustd -
5.pn.luarirs IL The GnrprnmFni. anil il
NJ. impossible ~ nnee In reverse that
.,,,e al things. went on lhs ground
Ia, the banks we're necessary etil.
The Safe hanks exis'; and would MI he
4. mailman thai waulI snaih,lale them
bsesuse their respective bills are unrur
r,a, in distant parts ofihe country! The
vnrk ii creating them is done. and can
70, be reversed; ahen once done, IL is
llae fareEer.
We have . Law IN South carnlina
uhich makes 10 penal for magistrates To
mlrry. aud the penalty is ins of Goo.
vas engaged in . case Of this sorl in
court: aud sllhosgh the marriage was
LEGAL, IL was not reversed. AID yet the
S,nI,ar considers o. be necessarily absurd
aha. hold 10 be ineonlroveilible. that
tns must be taken even 10 reverse an
constitutional act, (pracliee;) aud il
n,y not only be constitutional. but wise
70 Sh 50. Suppose the tariff. in lis
Objectionable features unconstitutional as
deem them. had been arrested al an
Individual blaw; millions on millions of
property would have been sacrificed.
Add loak at an The banks: IL they were
stopped Al once. as the Senaior would
require il they are unconstitutional. what
would not be the consequence Mr. e.
said he would no, farther occupy the line
cl The Senate.
Mr. Clay. Iagrec ali,is unnecessa.
~ to consume the Iime of the Senate; hut
uFsn | was up | omitted 10 close the
Elgsirld letter.
Mr. Calhoun (.lill s,anding.) desiteI
to notice one punt farther. lie was
trntrly decided IN favor of separating
tie hanks aud the Gayernmenl. bit IL
vas impossible then To make il. and II
uoui have been followed BY nothing hut
Disaster. The Senator says the separa.
tan already exists; but il is oaIs con.
/ Urgent: whenrEer the banks resume. the
ennexion will be legally restored. In
1884, Objes,ed to the sub. Treasury pro-
Jet. and thought il not As safe - tile
system now before ~. But il turns oul
hri was more safe. a. appears from the
argument ~ the Senator lrnm nelaN are.
VI. Bayard) | was thru under The
impression that the banks were more safe.
slI 1t proves otherwise.
Me-. CLAY said. if The Senator would
wuew his speech again. he would see
there plain aud explicit deuunciation Of
4 sub-Treasury system.
The distinguished Senator from South
Carolina had almost said my friend
from SOu,h Carolina. so lately and so
,hruplly has be bursled all amicable
'elauOns between Us, independent Of his
habit Of change, | IhiGk. when he finds
mI1 What Federal doctrines and Federal
company he has gotten, he viii be dispos-
81 soon to ieel regret aud to return TO u.s.
has not. | am persuaded. weighed sulIi-
GENTLY the import Of the unkird impu,a-
tons contained in his Edgelieid letter
hw1rds his former allies-lmpulation
Iui their principles are dangerous TO our
o'tI'uuons. and Of their want OF iirmnrss
anil pa,rinlism. | have read that singu-
I'r letter again and again, with inexares-
''c surprise and regret, more, however,
he viii allow the To say so, on his own
V1n On our account.
1t il undoubtedly true, Mr.. President,
ihN the sudden destruction Of any uncnn-
'alaunnal system or measure. which has
O'ea long il operation, may lead to scri-
"dS II not ruinous consequences. BIl
tat cannot alter al AL the question o(
c'n"iluIional power. II practical incon.
'"a'ence can aulhnrize you 10 prolnng al
Unconstitutional system, il may justify
lis crraunn; and then all constitutional
authority will be merged in considers.
TONS Of exprdiency. With respect 10
the Senator's observation that banks are
Tie natural allies Ia the protective policy,
and to lavish expenditures, beg leave To
oppose fact 10 his ,heory. The banks
ATE generally owned or controlled by the
mercantile class. and thai class was al
w'Ys opposed 10 The protective policy.
We found il nur most formidable oppo-
uen'. The merchants were in favor Of
'"reIgn trade, and were unwilling to sec