Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1838-03-20
NUMBER l3
GcT9M3sSgcYAI n1EAr1.
MR.. CLAY'S SPEECH
on rnE .up-resAsuAr mt.

Mr. Clay. va usiug to sddress the Senate upnn
tbs bill, sand that he hsd oscn long lima ~
public c, spd had hoco called to meet many os-
agencies, bot never in the whole If that life such
one as be IVES nov 10 meet. lie alluded tc
'bs great depression under which suy member Of
he opposition must come opposed to messure Of
he administration of this importance, aud aek-
nov edged that he FELT ,ha, depression very sen,i.
! bly.
/ Mr. Gay. then. alluded to The eoutse he should
pursue "a 'spl,'"e 60 the ,s,,,"s,'.. =, 49, -
the ncnsure--lhr propositions he should nndeavor
to establish. aud the conclusions he should draw.
J must ONT the exotdium, and come at once 10
those several propositions.
The rinsr was that II ras The deiberaie purpose
and fired des'gn Of The administration Of Gcneyai
Jackson 10 osfIbhsh GOrernmcnt Bdnk-d Treas
nrg Bnnk,-to be based upon the public money,
and TO be- under the ccnuol of the administration
aud this design Mr. Clay undertook to show by
the annual and other Messages of the late Presl-
dent.
As early as 1929, the Bank Of The United
States was alluded to by Gen. Jackson as having
loiled to Furnish n sound currency for the country.
This was slight and modest alIuson; but it was
tho sound of the distant bugle rallying the scat
tered forces for the carrying Of the against
the Bank of the United States. lie suggests at
the same time, whether some plan might not be
devised by Congress 10 avoid the objections TO
that institution, &c. and herein his design lie dis
tlnc,lv avowed aud proclaimed. 1t is impossible.
after reading THE message To contest the position
that there was, oJoriginc a deliberate design, on
the part OF the administration 70 make a Govern.
meni Bank, founded upon tho credit Of the Gov
eminent.
In the message Of 1880 tho same idea was re-
peated. and in That of 1881 he begins to complain
and to regret that the suggestion had not made
tLat favorable Impression which he anticipated
and alluded to the opinions he entertained of the
United States Bank as at present organized. re.
In 1882, in the celebrated veto message, he chides
Congress for having introduced at oil the subject
of the recharer ot that institution. Bot that
no, his sole or main object. lie was deter
mined to carry out his settled design OF establish
ing Nalionp Bank nnon tho oeodit Of the Gov
! etnment- lie Acknowledged iia,
the United States aos IN many respects nseful'-
but TINT IN Others 1t was liable TO objections"
&c, and that had the President Of the United
States been called on, he would have cheerfully
given the details Of such an institution as was u
daptcd to the waits of the country. Here. for tho
fourth time was resumed this suggestion of a Ma
uonai Bank being necessary to the fiscal WANTS
Of the government. Not only the general prin,l-
pie was conceded--bu, the details had been ready
and would have been cheeflullr gwen had they
been desired. Details, Sir, said Mr. Clay, Of
plan which he had coon after come 10 think was
not only not practicable bat unconstitutional.
/ The highest proof of which any argument is
/ capable Ia herein furnished by the recommended
/ ton oi Gen. Jackson, OF the first prop0stion.--
And what Is the sECoND. Mr. Clay would consd-
| er that and the THIRD. ~ connection that, with
/ the view ascribed to the late Administration, il
was the settled policy Of Gen. jackson to over
throw the whole banking system. beginning with
/ the Bank Of the United Soies aud ending with
/ State Banks; and tina; system was then begun,
aud has since been carried on, and Is now to be
/ contaminated. The proofs That this was 30.
were easily found. IN the egotsn and vsnny Of
the author Of the scheme lie Vas even for re-
modelling, retoucbing. feorgsnizng every thing
Nor wac this peculiar TRAIT ~ that individual TO
seek to stamp upon every institution IN the
try his own name and character. Ober men had
possessed II. Napoleon Of France would vain
have stamped the impress Of his genius, his char
acler, and even his name. upon every monument
and public place ia his "beloycd country" All
those beautiful palaces which Sdnfn her proud cap.
/ o bore the imperial IN" III distinct and PRONE
/ E"nt characters, every where around When he
] (Mr Clay vas ~ France, the scuptors and other
artisans were employed ~ olisseiiiHg out and de-
facing those memorials Of the egotism aud amb-
too Of Napoleon. When cir, when will the me
MORALS leh upo1 the institutions Of has country
by General Jackson be etisced Ages, fear, or.
viii rOi! away before the people Of the lsHd sbsli
cease 10 zee aud feel the ravBges Of which these
memorials are the records. The uruous Danish
ed-the vicious rewsrded-psinot.sfn discouraged
-puflzsn deyoledness disorgs nizston. iooo (oeo-
tm encouraged and i0stefed. This wac be sim
20 retoucb, remodel, reyoutiomze every thing
lie Il wBs WHO fret introduced the idea Of unity
. 10 Executive power; prescription Of every body
a. Lcme and abrosd, who dad not come up 20 the
. eEemple set him a. the fountain head Of these
new snd disoreeoizinr principles and % it went
On, ubil. o. leugih HE country 10 now len With
out ciafl ip i,s great 'OySge Of asisonal sd-
. Ezrccmcni.
lie wasa most eI'faofensfy man. sly own
acquaintance Win him commenced 20 this city
fssid Sir CayJ % the year 1918. That Gc-
I g4alH'suce sss shor bal cordial bic part
Thought. on my oND psu sm cure, u ~ss sueefs.
Tie bad srhlestd one ~ The no0iesi sictofies re-
corded ou the psgss VI history. and sss Disposed
10 psg 10 Ais Fea.us he homage u seemed Jsstly
.f. n. a.. a.. -. Il.