The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-11-07

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In eomplianes with the request therein
contained, we have copied into our paper
,o.day, from The Raleigh siandard. The
prOceedings Of The . Democratic RePut.
lean meeting" held - Mr. George A.
M.bane's in This county, on The l9'h Mi,
However ne may differ in opinion with
, norton Of our frllow citizens, or what.
ever hostility may have been manifested
towards Us BY few prominent members
Of The party, We nevertheless always have
been, and still continue 10 be, disposed
20 lend 70 them he use Of our columns
On al occasions on which they may be
REQUIRED. Bu, uhile We do 50, We shall
consider ourselves Is possessing The lib
,ry belonging 10 all other freemen. Of
expressing our own individual opinion on
any of The matters which may be brough.
before the public,
On the present occasion We purpose
~ be very hrirf in our remarks; bu.,rulh
and justice require ,ha. We should say
few words On The subject embraced in
the 9th resolution adopted by The meet.
ing. It's there stated. thai the sub.lrea.
sury affords " The best system for the &c.
curly Of the public ressnue-lhe freesi
from executive patronage. from election.
ssrins influence and corrupt tendencies"
and as /" The best il not The only means
bywhieh The country ran be relieved from
i, existing financial emharrsssmen,s."
The first proposition, lha. il is "ihe
best system for the security Of the public
nvenue." may be tested BY reference
10 facts. For forty years the fiscal con.
Germs Of the government were principally
managed through The inssrumen,al,ty Of
National Bank. wiihOu. expense. and
vilhou. The loss Of even one dollar. Dur
ing lhs brief period which has elapsed
iiaca shs removal Of The deposites, the
Government has lost, BY The prartiesl
operation OF the Sub-Treasury system,
some two or three millions Of dollars. be.
sides large sums in The paymen, Of com.
MISSIONS and for the transmission Of
funds,
The second proposition 10 quite As un.
tnable as the FIRST. and, if possible. liz.
lie more absurd. BY The adoption Of the
,ub.Ireasury system, The whole Of The re.
venue Of The country will be put under
he control Of the Executive; and yet this
resolution pronounees !. 10 be, more than
"any other measure that has ever been
DEVISED" Stree from executive patron
age. from elecsioneering influence, and
sonup, ieaderasesl''
The shiSk4soposi,ion proaounees the
'ub.IreasdfyAso be "she best. IL not the
only means by which the country can be
relieved from ils existing financial en-.
barassmenis." How this 10 W be ae-
eOmplished, we have been totally at a
loss to discover. II 10 10 cause, We are
told, a "iossl separation OF the Govern
men. and is money from ell Banks" il
cannot, therefore. be considered IS pos
'essins any controlling influence over the
banks. so as. either by consirains or as
''siance, to bring them under mere whole
some regulations. But some wise heads
have said, that under lis provisions the
government will receive for lis dues no
thing bu, specie, and iha. this will be i'm
medialely paid on, again 10 che people,
and BY this means give 10 them a specie
circulation. But Office holders and con
tractors are no. The people. And il should
be recollectcd lha, under such state o
things, specie will command a premium
Of five, ten, or perhaps fifteen per cent
and that oilice.holjers. contractors, DC
are like other men; they are disposed tt
make penny when they can; they vii
therefore sell the specie and pocket 'h'
profits; afterwards they will pay over u
the people bank notes, which, very like
ly, will in most cases be " irredeemabl'
Promises to pay
The 7,h resolution speaks Of the lat
Bank of the United States as hav'n
shown by lis proceedings that j. wa
dangerous to our political and civil in
sii,utions." We believe this danger ha
never been made manifest As far a
our observations have extended, its pol
teal influence was nuwerlcss, IyOm "