The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-07-18
I'm. H. Cra,gtorfs letter &c Charles
Jared IagsrsOR. on the subject Of the
Rank of the United STATE.

AuHA VI tAS 1Hach ctUcss
"Noodlawn, Dee. 5. 1881.
"DEAR STR: Your friendly letter. on
the subject Of the Bank Of the U. States.
has been received by due course Of mail.
The opinion which formed Of the con.
tilulinnsliIy g. expediency of the Bank
Of the United States. when ! vas = mem.
Der of the Senate. was the result Of a
careful examination Of The Constitution
uI the United States, made without, any
preconceived opinions That opinion is
recorded in two speeches which male
in tie Senate in 1911. Since that time
! have had no occasion for renewing tho
question.
my opinion remains unaliered. ! was
Secretary If the Treasury more than
eight years. and during that time | had
ample evidence Of The great utility Of
the Bank OF the United States in manag.
ing tie fiscal concerns OF the Union. ]
am persuaded that no man, Whatever his
prrconceived opinions may te, can pre-
side over The Treasury oue year, wi.hOu,
being deeply impressed with the expeai.
ency Of the Bank Of the United Sales
in conducting The finances Of the Union.
The provision in the Consultation which
gives Congress the power 10 pass all
laws which NAV be necessary and prop.
er 10 carry into effect the enumerated
powers, gives Congress the right 10 pass
tie bank bill, unless law, mos. proper
TO carry into efTec, the power IN col.
lect aud distribute revenue, should be ex.
claded By that provision.
" The opponents Of The constitution.
ality Of The bank, place great stress upon
The word necessary. contained in the
gran. Of power. and Insist that no law
can be necessary but such without
which the power could not he carried
into effect. Nov this construction sp.
pears to me to be indefensible.
:" Il does seem To me that The words
necessary and proper" cannot exclude
law thai is most proper TO carry the
power into effect. Yet The uncoas,itu
iipnsliiy OF The bank can be prnnounc-
ed only upon that Construction. II Dies
appear TO me tina, the trainers of the
Constitution never could have intended
10 exclude The passage oil a Law mast
proper TO carry power into effect BY
another law. My construction Of the
gran, Of power 10 pass all laws which
may be necessary and proper TO carry
The numeraiei powers into effect. in
cludes the power 10 pass all laws which
may be necessary and proper 10 carry
the enumerated powers intn effect in the
mos, perfect and complete manner. and
no, in an incomplete and imperfect man.
ner.
81 have not seen a complete devel-
opener, Of the Presidents plan Of a
bank. II is possible that, by his plan.
The Transmission Of the revenue may be
effected. The advantage Of this secmri-
IS 10 the public is incalculable. !. ought
not 10 be relinquished unless !, can be
satisfactorily proved that the Bank Of the
United States is unconstitutional.
Thls, / think, cannot be satisfactorily
shown. Ny speeches are recorded. and
can be re published il necessary. They
conlain the result Of the best invcsligs.
ZION ! was able 10 give the subject.
am persuaded ! could not improve upon
ii nov, if | bad The power Of inSeslga-
Iing She subject, which have not.
an, cir. yopr friend, &c.
W. III. CRAWFORD.