The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-03-21

ynu rear up monster of slill mare hide
0us zien. which wiIl extend his Briarean
arms INTO every village and hamlet in
Jour country. 70 grasp every dollar of
gold and silver in eiieslslion. which. once
having ciDiehed. he will hold with the
grippe Of Shyloek. The effect Of your
boosted divorce will be 10 establish sIill
more adullsrous marriage between mo-
mey and power. ihe offspring of which
will be 6end. whose sppstls nothing
can sasiais bvi the blood Of your people.
But gfnilemen say they must have q
divorce between the government and The
banks. And. sir. whyi IL not The GO
vernmeni the property of the people. es-
lsblished by their own consent. and for
The purpose Of preserving their rights and
promoting their interests! IIis The erea-
lure of their choice; not imposed upon
them by foreign poser. but assumed by
their own free will and consent. Well.
what are The banks! Were they impos-
ed upon US, contrary 10 our consent!
Are they exclusive privileges. unwarranI-
ed BY our free institutional SIR. the re-
representatives. Of The people have ever
thought Otherwise; il 10 they that esia-
blished them. and they that continue On
sustain them. Here then. are Two great
agencies; the federal government, rsis-
blished Tor certain great purposes. and
the banks Of the country. established Tor
the purpose Of aiding the wants Of trade
and the convenience Of commerce. Now.
sir. il one Of those great agencies ran the
better perform Us functions by employ
ing the aid OF The other. where is The OBJ.
jectioni Why insist upon . divorce. an.
less The connection has been an unhappy
one. or in some way productive Of eyI
results! That the connection was az
unhappy one. so far as relates 10 the agen'
. cy Of the late Bank Of the United State.
J in keeping and disbursing the public mo
ney, cannot be asserted. For of the ma
ny hundred millions entrusted TO the IS
cal management Of that institution. no
one dollar was ever lost " the govern
meni: while. al the same time, i,s trans
. Iers were always made with certainty
! and despatch. While. ON the other hand
, the bank, owing. among other causes. Z,
the increased credit which il ob,aine,
from its connection with The government
! furnished a currency nnequalled {"
, soundness or uniformity, and regulated
the exchanges upon the most admirsbl,
footing, and brough, them down TO III,
1 lowest possible cost at which funds cal
$ be transmitted from one section Of lh,
q Union TO another. So we see that III
= connection had happy influence. FIR.
upon the people by the improvement e
i fecied 10 the currency and exchange:
= and secondly upon the government, i
' The security and disbursement. Of III
Z public funds. True, sir. the connec.io
. between the government and the p,
o banks was an unhappy one; and well
e might be, Tor il was not lawful come,
/. ton. but vile prostitution of themselve
o on the par, Of the latter for /" filthy !,
i Gre" l,nt lei il be rccollec,ed, that III
b authors Of that connection we're the sam
e men who are now attempting TO consun
n mate their financial ,inkering by faster
o ing upon their country this sub-ueasur
n system.
! Bot, say they. il 10 not sub-ueasur
n lit is an independent, treasury we wan
n An independent treasury! Do gentle
p men expec,.,o hoodwink us in this wa!
e Do they expect this " Ethiopian to chang
q his skim" by their calling him anoth,
!. name! The obs.iaacy with which the
e cling TO this name. as though they e!
= pected thereby TO hide its deformities. II
! minds me Of passage in Paul Clifor'
= where the cunning Augustus Tomlinso
y is Represented as persuading the you'll
n fnl Clifford 10 take to the character
/. highwaymsn. al own to you frankly,
is said Paul, " that somehow or other hsy
j. doubts whether thieying be really the hi
d nestes, profession could follow" " Lii
l. ten to me, Paul." answered Augustus
- " all crime and all excellence depend VI
on a good choice Of words. IL you TAX
!. money from the public. and say you has
4 robbed, you have Individually commilte
}. grea. crime; but il you do the same
4 and say you have been relieving The M
: cessifies Of the poor, you have done .
i excelien, aciinn. lf in af.erw ards divil
e ing this money with your companions
you say you haue been sharing booty
: you have committed an offence again'
/ the laws Of your country; bn, il you oil
h serve that you hare been sharing ,oii
o your friends the gains Of your industry
+ you have been performing one Of the ne
!. bles, actions Of humanity. - W
IL are never rogues. so long as we call ou
!; selves honest fellows; and we never con
J. init crime. so long as we call IL a virtue.
n And so the advocates Of the sub Teasur
i! seem to think. Call il sub-tressur,
is and its real character will be exposed
D. treasury smder the control Of the Pres
~ dent anil his Secretaries. But call II a