Columbus Democrat., 1839-07-20
Fron he Lancaster fPs.) Inlerigonorr.
"REMINISCENCES.

We publish to-day the eloquent and conclusive
speech Of the Hon. Henry CLAY Of Keu,acky.
Urainsl The United States Bank. delivered 10 Con-
- 10 the year 1911. Our readers vii admit
uith us that Il is a very good speech We pre-.
sumo the only fault that Mr. Clay will find with It
iI. that Il was ever printed at all But so It is.
He would rather be right than President and
don, care picayune (or consistency. Badnage
spaH, this speech Is a pregnant instance Of the
systematic Inconsistency Of the Federalsls.-
Your Penroses and Clays no more think Of talk |
inc one hour for and the next against measure, |
than another man does about eating bis dinner |
first, and smoking his cigar after il
Speech Of Mr. Clay against rs-eharlsring ths
Uniied STATES Bank in 1911.
Mr Clay's remarks against the bank we're pnn-
cpally confined 10 tie subject Of its unconstlu-
iionalIty. His argument on this point was so re-
plele with keen and powerful logic, that we
choose 10 transfer II 10 our pages in his own
words. Nothing eqcal to it can be found in any
Of the numerous discussions which tho bank
question has called forth lie seemed to hold
the strength Of his antagonists in the hollow Of
his hand
The yagraut power 10 erect bank, after ha-
wing wandered throughout the whole constitution
IN quest Of some congenial spo, 10 fasien upon,
has been, al length, located by the gentleman
from Georgia on that provision which authorizes
Congress 10 lay and collect taxes. In 1871, the
power is referred TO one part Of the instrument !;
IN 1871, to mother Sometimes il is alleged TO
be deduclble from the power to regula,e com.
mercc. Hard pressed here, il appears and shows
itself under the grant 10 coin money.
"What is the nature Of this Government II
Is omphaiicaly Federal, vested with an aggregate
OF specified powers Tor general purposes, con-
ceded by existing sovereignes. who have them
selves retained what Is not 40 conceded II is
ta d there are cases in which il must acl on i'm
Piled powers. This Is not conlroverted, bul the
implication must be necessary, and obviously
How from the enumerated powers with which il
~ allied. The power TO charter companies is not
specified in the grant, and. contend, is Of na.
turc not transferable by nero implication. 10
the exercise Of this gigantic power, we have seen
an East lndia Company erected, which has car
red dismay, desoIation, aud death, throughou,
one tho latges, portions Of the habiiabls world.
A company which is in itself a sovereignty
which has subverted empires, and SET up new dy.
nastcs--and has not only mndc war, but war
against ITS legitimate sovereign Under the
influence Of this power, We have seen arise
South Sea company, and Mississippi company,
that distracted and convulsed all Europe. and
menaced total overthrow Of oil credit and con.
hdence, and 10 produce universal bankruptcy. Is
y to be imagined that power so vast would have
been cit by the constitution to doubtful infcrencoi
u has been alleged that there ne many instances
IN the constitution whore powers, in their nature
incidental, and which would necessarily have
been vested along with tho principal, are, never.
ucless, expressly enumerated aud the power 10
make rules and regulations for ,he government Of
tne land and naval forces which, il is said, is in.
clden'a TO the power to raise armies and provide
q navy, gwen as an example. What docs this |
prove How extremely cautious the convention |
were to leave az little as possible to implication.
IN all cases where Incidental powers are acted |
upon, the principal and incidental ouph, 10 be con.
genial with each other, nnd parake Of common
nature. The incidental power ought TO be strict. |
y subordinate and limited to tho end proposed to
30 attained BY the specified power. Ia other
words, under the namo Of accomplishing one oh. |
Joct, which is specified the power implied ouch,
MT 10 be made TO embrace other objects which |
are not specified in the constitution. II. then an
Is conlended, you could establish Bank 10 col. |
lect and distribute the revenue, il ought to be on.
pressly restricted 10 the purpose Of such coIlsc.
hon and distribution. II is mockery, worse than |
usurpahon, 10 establish i, for lawful object. |
watch is not lawful In deducing the power 10
CT iate corporations, such as have described i. |
from the power to lay and collect taxes the rela.
u and condition Of principal and inciden, are |
prostraied and destroyed. The accessory il az. |
alted above the principal. As well nigh, II be |
ss'd That the great luminary of day IS accesary.
satellite 10 the humblest star ihai twinkles (ouh
ITS feeble hight N the hrmameai Of hearen.
Look At Il II sno:hs9 aspect. s.v.aasn,h.
Of ~ cspta 10 ias tAa3s al lsreigns,s rb,sav
English ssb3scts. We are possa,y On tbs eve
Of rapture wfsa sasa rs,ast,. sso.,l8 .,~h -
sfsa' SaSf' ~ fos sPfFsAsns that III. English
rfssnes Avs'e sT9erasDee any difficulty 70 Oh.
&s'aSs nv f'iA's optsraA VI ssis tnrsisssoa Re
Pssssss atoTt ~ otnsr Governments. oush,
sssst seriously - gssie sgsf.s fp,s,gn influence.
Aa aaFswg psppss faps tie internal d,..ensions
sfssse y 1rsrn Klinagas. hsss produced the
1'SSths4 "a sasags every lfee Gosernssen, ia,
nas haassfs existed a@a tes grmfsnsa conssud
t~s Ss ne sea'hssea BY IL, poss.sssea Of ,h..
isresEs espaa
Ihs taarf a asasf. ahs osnet arguments asst
W hf aiaf- Wa ~ p@~eflsl, thsu notu sas,ans
ing shs contaeace wiih vi..ch uls opponsu,s hs<
s1iesed npou sile dlscassion, hs was SUSTAINED i,
ths hngl vote aad the charter vas 40, senesed-
was sIgnsl victory
And zen name ai wbfeh the word grew 2sk,
10 po'n' mora or ad0fn 4 ssis."
THIS Of quoted d.siich has received quite Al
amusing semI.aPrhcston in the case Of parony
mics Messrs. Swartwoui aud Price. |, is tru
that they more frequently adorn the head Of
sPecula!ng paragraph than in aoy other come
ion but they are a, any rate as firmly ncopotal
Cd IN tho language as any words Of modern n