The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-03-14


sif. sas happy era IN he history Of oar
country; every branch Of industry sas 10
fourishing sad prosperous condition.
lsbnr vas receiving The Es.ard &c IL ioll.
and The eounlry seemed calmly marching
On la that high destiny for xhieh Prasi.
dencs had designed her. Gen. Jackson
himself, aronnd ~ham The democracy 81
The nation had rallied with 50 much
enthusiasm. SEEMED ia present in his
elevation. the enlire snecess IL Republican
principles. and The iinal ossrahraw oi
Federal usurpalions. And although then
100 young n exercise The right Of saTrsgs,
vel no yaulhfnl heart beat @ilh more
rapture Than mine u shs ssidenre which
| shougll The people Of this county had
given, oi their gratitude far his services.
and Of their admiration oil the principles
lie prafesssd. Bat esenls sosn proved
that they who had elevated him In poser.
had. in attempting 10 avoid Scylls. IuR
the ship of state upon chary bdis. Pas
sing over the aagrani outrage which he
saan attempted upon The conventional
rules Of society. We sill come 10 lha.
which j. more ilnmedlalsly connected
with the suhjecs nos undsr consideration
Il - psrt Of ,hs p"lI.ical history Of that
period. that during the very 6rsI year Of
has administration, correspondence lonk
place between The then Secretary of The
Treasury. Mr.. Iughsn. and Tie President
Of the United States Bank. Tie object Of
which. On the psrI of the former. Was To
elect the removal nf one Jeremiah Mason
fram the presidency af the branch Of the
UniIed States Hank at Portsmouth. Nss-
Hampshire. The President Of the Back
repelled the attempt, with badness and
regard 10 public duty. which present .
strong Contrast Ia his late conduct. in
entering into an alliance with those who
have been so long pursuing him with such
unrriensng vengeance. Gen. JseksoR's
opinions m regard 10 National Bank.
previous a. that ume. we're nnl distinctly
known; al all eEenIs. that question entered
not InIo the many causes which condured
10 HE elevation; but no sopnsr hal the
President Of that institution dared 10 tx-
ercIss an unqurslinned privilege, than The
var wh0np MAS sounded. aud Ill good
men and true we're called upon tn rail-,
Tor the fight Consequently, in his first
message IN Congress. he gave The alarm.
and advanced the starting aud unfoundrd
assertion. that the institution had failed
in sfectIng one Of the main objects III its
creation. VIZ: The /" furnishing a uniform
and sound currency" A. an evidence.
however. that this objection vas fouaded.
not upon constitutional seruples, but upon
the design TO supplant the Bank then ex.
isnng. by one IL be governed. managed
and controlled by the Executive, he fur.
sher suggested in the same message.
d" whether one founded upon the credit
and revenue of the government. might
not be devised" Notwithstanding the
condemnation which this project net with
from his own friends. sill. with Thai
obsunacy and self ui,l with which he
never laIled TO pursue a favoriie object.
he continued tn persevers, and Ike a
hrry sieed. became more impaIisnl the
n"re he was attempted 10 be restrained.
He assumed the same ground OF hostility
Ia the then existing Bank. and of perfer-
ence for his Treasury Bank. in The Mes
sage Of 1890 81. In July. 80. he veto-
I'd the bill passed by Congress for re.
The Bank. not on constitutional
but because iis provisions were
not framed tn suit his own arbitrary and
iesponc will. As an evidence OF this.
in his veto he says:
THAT a Bank OF the United States, enmoe
ten, t. all the dutIrs u hitch ny be required |
BY the government, might be 80 organized a.
lut 10 Iairinge upon our own del, gated pow
RS, or The reserved rights Of the states, IL.
Tot entertain doubt tia / the exaeuIlse Teen
:siied upon to furnish me PROJECT Of such
astHuiion, the duty would hare bscn Chez.
lilly pefors.d d"
With these matters Of record staring
aia in The face. hos can any oss be |
10 blind or incredHlous, 40 not TO be.
less thai the main design pf General
Iarkson. fraR the commencement Of hi.
saTisrs against the United States Bank,
~as TO erect On It's ruins great Cavern.
nent Bank. 10 be welded by ,he Execu-
i've! But perhaps | may be told, that
Sea. Jackson has retired To the shades Of
private life, aud TIA. This administration
$ not responsible fnr his acts. and is moi
hound 10 carry out his designs. But, sir.
he present iacumbsn, came in Office
pledged to &" follow in the fuols,sps Of his
IL is we'll known that
hat declaration of his vas used a. all
'lecIioneering argument IN his bshslf, aud
1 is evident that lie whole financial pn-
icy Of this administration is regulated
aiIh view t. suit the peculiar noIlons
Il The Prcsi.lsnl--,he devoted sdherencr
which they exhibit for his f.snri,e
shows that the growl Of the Ii.
IN il still sounding in their ears.
The anticipated downfall of the United