Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-03-24
0TY.FIFTH CONGRESS.
J-,r REGULAR SESSION.
- CLAY's SPEECH,

IN. CLAY'6 SPEECH,
:. he lSeh February on the Ssb-
49, ,s~aabL;skisg q deliberate dcsiga,
- D<A. Lite ssd present Esccseire of tie
$DAsf 10 break dors the achoIe Saak'.g
EDs1S n. T.itcd States, commencing 'e.ea eae
*:s - U.1ed States, Terminating r's' s"e
~ ~ to create o" sse" T:'"s Soo"",
S.....rv Bsnk, ssdeT nc e1csss.De co:''oI
S,acr;se; ssd - sfPty 20 re Spec"
IC. CslIoss, Of Sesf" CH'o''"a'
fcoscluDsD.1
-, General Jackson was about to
tneT, ~. c.rs, Of Government, he favored
a-....en with farewell address. Inc
~. r - occasion gives to any OPINIONS
- ~ - espsessed in that docc"me"ta c'a'n
.a'S~ atssssios. II Will DC see" Q. Pc
.~a shss - 6seounces' more e"Pn"''Ia"y,
80 - n III pseviOus addresses, the bank
- .y.v eosposssioos, and what he choos-
~ -;.css The spirit Of monopoly The
IN ;,A,,ive me in calling its attention to
-. n hat address, in the following cx-
%. .s.s,;tut,on Of the United States un-
.uv intended to secure to tho people
eL.;.s medium Of gold and silver But
aI:ss~ent Of National Bank by Com
~ .he privilege Of issuing paper mon
p~.hie 10 paynest of the public dues,
,I~..c,r.uoate course of legislation IN the
a.. ~. mon the same subject, drove from
- CIRCULATION tho constitutional currency,
~ ..A..;,u,ed one Of paper in its place.
~. .;.chief springs from the power which
..-..;.A ;.,escst derives from paper cur
-, - they are able to control from tho
.-l,,s,ae 4 essperations, with exclusive PRIV
-. vh;eS shsy have succeeded In obtaining
- r.. Elsrsst States, and which arc EN-
s.lyed shsrsibss for thcis benetit; and unless
~: 49, nero watchful in yoar States, and
- ,I;. sp;,;s Of monopoly and thirst for cx-
80 pGviieses, you will, in the end, hnd iaat
:. ~ iaaposeaat powers, Of government have
- sives o. battered away, and the cOntrO' O
=. - dearest interests has passed cato the
~ 4 these corporations"
.asM wili require steady and Pcrscver'ng ex-
aises . ysur part to rid yourselves 81 the mt
s,;;ee sed misoiiefs Of the paper system, and to
"a he spsr,t q monopoly aud Other abuses
80 have .urunr up with IL, and Of which IT -
,hs mia support. 50 many Interests are united
"a ,.,ne Ill reform on this SUBJECT that you must
no, hope that the conflict will be short one, nor
eeeess sasy. NV humble efforts have Not bee"
,o,,eA during my administration OF tho 1oScr"-
100, N ,c,toee tho constitutional currcncy Of
gold AVA slAvss, ,sd something, trust. mas oees
Ioae towards the accomplishment Of tins most
-
auirs III yoss esergy aud perseverance, Inc
powse However, is in your hands, and the remedy
INST ssd will be applied, you determine "po" H..
The m,sk IL now thrown of, and nc boldly says
h.. The constitution Of the United States s"q"cs-
e;,,a2lr intended ~ secure the people circu'a-
~, nedi,m II gold aad silver. They have not
..y.eA he saws. that benefit, because OF inc es-
sGarent II n nntional bank, and fie snfoTs.-
,1snwse Of legislation - Gsc scrernI Ssafes-
n. -. .ot limit his condcmnat'os u the past
oJ,,, Al his country to tho Federal Government,
81 vb;ehhe had Just censcd 10 be the chief, but he
exseuh 4 " tho States also, rs II they were IN
compsssss 10 Judge Of tho interests OF their re-
speciss citizens. He tells ns thai the mssc"'eI
spnsr FINN the power which tac no",ed interest
derives from the paper CURRENCY, which tsey arc
ale % esa:ro, and tho multitude u corporations;
.sd hs stimulates tho people 10 become more
varehfai in 3heir several States. to check this
pintof monopoly. To invigorate their foet'tude,
h ,ss The peopls that it will require steady and
pssssvesias excstions on their part, ~ rid them-
ssvss Of the isiqsises rc1 mischiefs Of the paper
wsoem, and 10 check tho spirit Of monopoly
hey must not hope that the conflict will BIO =
slon one, ncr success easy. His humble efforts
have nos besa spared dsriag Mis- administrator,
to restore The constitutional currency Of gold aad
sivss, and although he has been able 10 do some
ding towards the accomplishment u that object,
mseCS ~ rfnaiss to seqsire all the energy and
psssever.acs q shs people.
Such, Mr.. Prcsidest, arc the proofs and the ar
Ssnssss % which RELY to establish the second
ed tAifd propositions which have been conside-
nag Are thew net successfully maintainedf 10
Psssibls that any thing could be moro coaclu-
s'ssa subject.
lpss 70 ihs eoesidcfatios Of the fourth prePo-
sltioa:
~ Int he present administration. by its ac~
As'sisdgsassss, cmanating from the highest add
na:s asaheaaie source, has succeeded to the Prin-
setaaa. add policy, Of the preceding admin
$1,000 81 ssasds soIemnly pledged to com
fssss I'D peaees them.
sss proofs % this subject are brief; but they
~. ee.. es'eet and pleoasy- II is impossible for
- sscsssssd aiadas doubt for nomcat about
aou. ~ vN b surprised, when ] shall
'sem os!ose yss, AZ their irresistible force
s"s snat shall oder !. an extract from Mr.. I
1:see letter Of acceptaace of the nomina-
,sS Ne Baltimore convention: dated Nav 23d, |
10 that letter he saws, ~ con,ent myself
80 ceessioe, with saving that consider NV |
sooossd sasfvs1ssf, selected by the friends
60 sseea adm'nistsatioa. TO carry sss its pris-
psAsy, aud that a. well from inclinaiioa
~ % shall. if hosored with the choice Of
people. endeavor e ,nerallv to follow
essPs az President Jsckson-happy It
a-;s':s to Peyfed lie rork which he has 30
vse Uurcn announces that he was the homo
-. ~. set selected BY the friends Of the pre-
s;.. s.atioa. to carry out its principles and