The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-10-11

8 happy iIluslration3 Can any one doubt tia
he intended 10 assert that National baal
4 was as necessary ia the banking system ii
IS National Government IN the Federal sys
3 tenn that national bank was essential fo
the purpose Of .ssupplging and goUeraiag
S the general currency Now what more
did the wings ever contend fort
J. But the Hon Senator denies that he mean
4 to recommend such bank as the wings del
! sire. He says his plan ol bank was The
I the same with some notifications as those
b proposed BY Mr.. Jefferson and Gen Jackson
Now unfortunately Mr. Jeferson.did not
: Id bis letter to Nr Gallatin. propose Il
s'create bank % supply aud goUern ths
general currency but opposed lo.a Y. s,
bank upon the very ground of ibis great
& poWer SO supply and govern the general
: currency which he considered would rem
! der such an Institution dangerous Indeed
5 this power il national bank has always
been the great argument urged BY its OPP
ponents against such 90 institution.
u "A ior Gen Jackson notion Of bank it
was never given to the public, he not aav-
ing ais he says, been called upon fol III The
Hon. ators plan was Gen Jacksons With
asodij scdtioas Nov not knowing the latter
i HIS IS difficult q understand the former
Without knoWl edge of the dream We shall
be slow ia conprehending the inteTpreta-
ton thereof Let the Hon Senator, how
lever, aYow what plan be pleases, if Il will
supplg and goUern tie general currency
then viii ii be compatible with his com
mendation to Judge Black, and then will Ill
test the issue between as, whether he has
i changed on the currency question But let
us hear him again on this subject. He says
lin his ssYindication:
claim then 70 have been an original
advocate Of the Sub Treasury system, and
10 stand now, substantially where did in
1884 ID favor of s.the independent use off
our own money ia ouroWn fiscal agency,
opposed to the State bank system, IN favor
of the divorce of bank and State, and the
complete separation Of the government
from all banking corporations, State OF ma
tionalr-I then have no opinion to change
on this snbiect; far no candid naaa can call
TIC proposed system Of tie Sub reasury
system bgt the abandonment Of tie currency
clause ct change of opinion, any more
than Fulton changed his opinion in relation
tothe steamboats, when he improved upon
the original model
Well according to this explanation the /
Hon Senator IN 1884 was ii favor of a sSnbA /
Treasury or government bank to be created
not only as the fiscal agent of the govern
ment but SO supply a general currency.
Now Il seems to me the Hon Senator had
better acknow ledge with a good grace thai
In his letter to Judge Black he was advocas
ting the creation Of an ordinary Fl s. bank
than thus to take refuge IN the monstrousl
proposition that he meant hY that bank
g Treasury Or executive bank with poner,
il bis own language, to supply aud goDera]
the general currency. Why sir we wings
repudiate with horror the idea Of placing ia
the hands Of the executive the power to
ssgovern the general currency. We think
il would make the President despot al
once. Butt seems il was very good demo
cratic doctrine IN 1884, according to the
Hon Senators notion.
Would the Hon Senator dare now adro-
Gale Sub Treasury system. on the ground
that II would supply and gOuerg the gene-
raj currency.
But he says ssno candid man can call the
improvement Of the Sub Treasury
system By the abandonment Of epeyy CIR
rency clause change Of opinion, any more
than Fulton changed his opinion in relation
to steamboats, when be improved upon the
original model. 2
Perhaps not; but should suppose the to-
tai abandonment Of the plan Of steamboat
and the con- efsation Of tie materials int
long, low black schooner pfopeIle By sWeeps
instead Of steam, and appropriated 10 pur-
pose entirely different from that oreinallY
Intended. would have rendered even i uitonl
liable Ia lie impuiation d having changed /
bis opinion. al least with regard to that par
ticnlar craft II
III March 1884. The Hon Senator urged
upon Judge Black, The creation 81 "a bank to
suppl q general currency Henow adeo-
cafes the suh-treas system, stripped as
he says sof every feature Of bank, g and ap
Piled 70 The purpose, not Of Supplying
generql currency bul solely to the safe Gus.
lodY of The pnbliclnoney THE hon gen
Ilenancalls this ..an nploveInen upon HE
original model, and not change 81 opinion.
Il lsan imp roVenent sri OBJ d veng8ance and Z
ilcatsd upon n, total ABANDONMENT. not
"a &c the iglnal means bgt of the Original
he leamboa which llle Hon Senator In 3
1884 proposed II have constructed for lie
ise and comfort q he whole people. BE now q
proposes 20 improve 81 throwing oyefboafd
Zee ne, and turning her MO s. EouE 9
Iot the use aud convenience of the s
3eEe alaen one
ln 1884, ihe Hon sena lor eel ainly adfo-
.alee BIS leise sheNs, both I'll pow 81 did j
hc q got Che genefa gopefnIae to suppl