The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-10-31

Pres. me New York Courier and EaqaiFrs.
"IIars ne not heard il predicted tsaitl
Mr. Wrishi. 10 the Srnaie Of lhe uni.ed
States, in March. 1884, from al sides
of this Ehamker. that Tie stale banks
world be compelled 10 stop specie pay
menls within short space Of Iime!'
Most surely Me. Wright heard such ;
prediction. and not only in the Sens,e.
but in the House slso, and By al classes
Of the community; and not this predie.
lion merely. boz The lnIeshsaoA ING II al
the calsmiiies lhsl have for the lzsi i've
years harassed and afflicted this People.
They were al prsdieIst--announcsd IN
tones nf lhunder-wrIIien out. ~ with ;
pencil of light. in characters that ihnse
wno ran might have read. They are
dnubly on REGARD; first in lie warnings
Of our most experienced statesmen
warning. thai live and will live in tie
prin'ed letter; and again in Tie molan-
rhUly series Of embarrassments sni dis
as,eTs under which this country has 81
long groaned. Lei any one turn back 10
the pages which chronicle The debates in
our Congress. during the stormy session
Of Is33-'34, and he will End there. in
the speeches Of Mr. Clay, Mr.. Webster.
Me-. Adrms. and Mr.. Biansy. prophetic
history Of the years that have sinee slaps.
ed-yesrs Of go much Individual suffer.
ing and so much national calamity.
Then indeed these prophecies we're
herided and seolIsd al by the supporters
Of Gen. Jackson. They were described
as. tie. results Of bought panic, got up
to sustain q corrupt and srisloeraIie sys.
ten. Il was proclaimed that The state
banks were competent to furnish sound
aud uniform currency. II was demon.
slrsted Ia tie satisfaction of Gen. Jack.
son and his rroaigaIe supporters. that the
- local institutions" could furnish the
country with a " better cnuehey" than
il had ever bsi"re enjoyed. Gen. Jack.
son Promised 10 sustain The 'sis,e hanks'
Me. Wright Vourhei for the character
aud ability III tie estate bank" and for
their rerircl cvmPfteary In discharge all
the requisite duties IS fiscal sgenls Of
the Treasury, and for supplying the peo.
pie with a sound AMI uniform rurrencv.
ia January. ls36." said Mr.. Adams.
10 his suppressed speech on The removal
Of the DcposiIes, "while the deGih.bi0r
TO borrowed capital was yet ranking in
: the bosom whence il has since been
dealt under the Disguise of constitution
al scruplss against tile power Il Con-
'gress TO Incorporate bank. and bad mol
yet maiured into Veto Message. Mr..
'GallaIin published an essay on the cur.
'renry Of the United Siaies. Il has been
'irumpeted abroad. as one II the rries-
Gus iransgressions Of the BANK. that
= some thousands Of this pamphlet have
been grstuilously circulated al It's ex.
'pense. Sir. il had been honestly read.
in the pure pursuiInf ruth. BY The states.
men whether 81 the parlur nr the kitch.
ZEN. Who rule this nalinn. MANY an aw.
: I'll forrbndiug 81 ruin. many hiiIcr CRY
: III distress. many deep and agnniz-
. ing execraIion nj wrelchrdnesE. would
have been spared u our constituents anil
: 10 our own ears. No man. wi,h mere
human PORTION Of maligniIy. or With
nv poriInn short u thai Of iirnti. could
: have read that pamphlets. and then rush.
ell headlung on The experiment under
which our Country now wrilhes IN lor.
NEW" "
The psnphlei referred 10 BY Dir. Adj
ans depicts the etfs whirh followed the
first abandonment By The Federal Admin
isiraiinn IL rs duties IN Supervising The
general currency. The increase af s,ale
banss, tie vas, AID imrrosiJent inctsase
" their issues. their consequent bank
ruplcies. snsl the countless tlisslers which
they brought in their train. From the
repetition II those disasters 10 an ,seera-
vaied form The nation has now patiently
suffered far tie lasI I've years. We have
seem perpetual series oI cnnsuI.inns.
now hiiie fallariuns relief. followed
only By deeper and nlore general disuess.
The predictions which Mr.. Wrigh, beard
inis3I. from Ill paris % The Senate. are
now pnriian d Tie recorded history u
Toe country.
Is surely as you II, in thai chair,
said Mr. Webster, addressing himself 10 |
Mr. Van Buren,. 10 The Senate. in March.
1891. on The necssioa ~ presenting . Pc
ilion from the cay Of Albany. ..or Is
! stand on this floor. our tendencies, al
'lhe present moment. are strong tnwards /
disoTgsnizaiion. U The lime ol state sc. |
curines. bills Of credit. separate s,a,e
cn;rencics. and paper money; and il /
those tendencies be not sessonabiy ar. |
res.et. they will make slIipwreek of our |
highest inisrests. The charm Of com.
mon currency. , commun standard 81
value, common medium of exchange.
Is ia imminen, danger Of being broken.
Induced by our ACCOMPLISHMENTS Of our
own just righis, aud the abandonment
Of our own proper duties and powers,