Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1839-03-02

the date OF fhe Press3ent,s nasssage- -.
IN favor OF the svsgem of So ,--zks -
public depositorles-
Now. lsr - Inqasr~ VIA. = sne v~rlaes
Of these sanbr rsrrRf srszfs "a t1e 80
Treasury svscena- For me i1ss ia or
three uson-hs- the co1nsrv hs1s oseeu 81
ed with consss rnaElon and a1arn1 ~ sGr-
cessive deEalcaticns d $40 Frsasazrers-
ranging from thirty - ss-ry t1cezsan.-
dollars uD 70 a million and gsza--sr=
eachs We hare hardly bad EHn= ~. rs~
cover frona the sh,cck sf oae "a tae=e
explosions before we hare besa ascczn-
ded By the report o. another aa1 zas1sa-
err Almost every ran& aaf Frs2fss'sss.',a
of life has bccn inyase6 ~ All helsl-s-
to- the sremPtar1Ons~ Of rhHs css-rs9t-
ing system Even here u1sier sae vers
ewes OF the GOvernnhen1- the saraae 81
the national honor. The Array has nos
been able % RESIST the 1rfscEsofl- r--
fer with pain % these thfngs- BAR tlasy
have become part OF the F'EaAas Ass1,'rS
OF the times. and 4 = Ia vain ~ aze=lzses
to throw veil over them The rooe~
of the law "a prOfesss0n whlrh rae uisss-
profound and sagacsous 81 al toEea-1
Observers Of our Institutions aas pro-
nounced - BE- the real artssocracE e. -os
countrvl have been soIled By the se-..l-
tiOn- The peace and hoaor o. samal.lsss-
as well Is the pride Of the aarloo- aaae
been dragged down - ths Gzss By tA1s
system Of oxerw eeiEning teuuPsaElon a-a-
corruption. while the Puolses sreasssr's
has been wontonlv dis e&red aad Wa
ted BY r. Deeply humillas1ng As these
- 4
Vet look upon them rs Prevadea1lA- alllae'-
nItiOns- intended ID save a. troG -lss
thorough adoption of a system waira-
verify believe. would spread mcre gen
3eral decentralization and eorrup1la1
through the land than any ~h5ch rae
arch-snemv of man cotlld Esxlsse- r. r.
not surely IN such -rsrext erra1s as
these thar the President can ind any
recommendation Of the SUB i reas-lzs
scheme, which he agaln proposes % Goa
gress- No, SIR. - assured that what-
ever parfg NAV effect here these sane
~recent events have forever sealed
the fate of this system with = xlr11czs
and enlightened People
Why, then. Is IL agaia recomEne1slsii
and urged upon u.s. i = as rzl-fiizs
cry Of partyl Is L 70 drive through q
party triumph. fatal. as I firnIy eelleVe
such triumph would be Iu the eua- -
those who achieve III Are thsre- thea-
Mr.. President, no eireunlssances cE IA
tional exigency, appealing - the lnr-
mant, but | hope not vet eXrlngIl l<l.a1
spirit of patriotism II Walch ne can
rise superior "a this fatal bouE1Ee cd
party, and act for oar couu-rvt Can
we not nOw that the furnished hon1r alsf
dilapidated interests Of the u1-lou cnl
upon Us 10 close up every aveu1e 81 eor-
ruptlon and abuse-cau we Elr GeE11s
this short session. az least CO. tbs pressing
wants Of the country. 0u- O. the zzl1F
we have given up % the Interests ant
conflicts Of partyt II we could DO So
nothing would b. easier ll uIE opllz1Ez-
than 10 settle finally aud satisfactorily
this great financial q1estlgn Whurh has
hitherto 50 mucn divided and agt-1.e.t
Us. The Circumstances OF the uz1ulen- +.
are unusually ProPlliOas- The scheme
Of q national bank IS row and { rruss T"
finally. abandoned The hare happv auE F.
successful restoration OF a ssslmt eEz--
rency BY the State banks. wirhou- tie
aid Of such an Institution has pro,E1cssi
a general conviction that F. can No Ism
ger be maintained on thai ground q ne-
cessity, on which alone Is adxecuess
have here tofore rested A. The So
Treasury scheme should In mv huubls
be considered equally cur Of
the question II has over ami over aEais
been rejected By the RepEesentarlves Of
the People. and the People themselves
have ratified the Iudgment Of their Rzp-
-esentatives- @Reeeas events procl,slil
Is condemnation n a SIN Iclder goles.
" hat, then remainsl No ether al-ar-
native than the use Of the Ssase banks
let this be adopted as the general n-sn-
;lpIes as Il seems 70 me Ia oughr % 5e Dr.
III parties, IN the present aszlr,lsie 0f
hings- and after the decisive exprss-.
hons of public opinion which bare IA
ten place; and there would then BE- buf
title difficulty IN solving the Subordinate
questions as % the manner Of Using
hem, never loOsIng ssght, however Of
he cardinal republican maxim that Hse
must be regulated By laac. and not aean-
lOned 10 ErscHtirs Discretion