The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1839-08-01
POLITICAL.
Frpn u. CAerI.s,aa C.nrl.r.

TO notice with What pertInacily the Adj
rinis;ration prints at the South labor 10
prove that MIR. CLAY entertalns Federai
Doctrines, and a iahtbdIaariGn coaSiruc.
non az the observation-disclosures he once
advocated, and still believes in, the consti.
tutlauaIi,v of National Bank-waS favor.
able 10 Internal improvement, and the
protection al American industry.
lau have published Mr.. CRAwroRp's
letter, wherein he contends for all that
Nr. CLAY ever commended for on the sub
l~ct 81 the Bank ofthe United States. Mr..
CRAWFORD was hOroUghsoing disciple
ct The J,fersoaian school. In 1919, Mr..
IowNDrs used the following language in
favor Of the Bank OF the United States
The great object Of the government in
charicTlng the Bank, was 10 prorIde cur.
reacy irhich should hare that degree IF stu
5iffg and uniformity tn us raiG,, shseh Is
required both By the interests 81 our CON-
m,rcr and rereaue. Rui, A.
the government were willing 10 bear the
loss u deprecated and Eatgaal currency,
Il must asgiect the plaiaesi frineipis ~ ths
constitution IN doiag equality If tara.
iion. The committee must we'll remem-
t"r, that bcfore the establishment Of fhe
National Bank, such was the unequal "a.
tls Of currency IN the different STATES, that
the merchants paid duties, varying fifteen
PR cent from edeh other, on the sane artt.
cies. The chartcnng Of the late Bank
was a Republican, measure. II had tor its
supporters MADfsoS, CRAWFORD, Cat.
norS, DALLAS, LowNpEs, GALL,rlN, Me.
DUrrlE, aud olher eminent statesmen Of
the day. Gen. JACKSON and Faux Cats.
pY dgRed a memorial to the mother Bans,
soliciting a branch Of said Bank at Nash.
vile. Gen. JACKSON also, while Pfesl.
dent Of the United States, recommended
10 Congress. the cAGrtc-iag Of Nauonal
Bank Mr.. Van BvREx, Coy. MARCY
AMI Nr. BurLgE also ngped q petItloa 70
hare braneA Of thu Uaifed States Bank
established az Albany. Mr. CAaBREIENG
recsirsd from the citizens 81 Buffalo 81 600
10 proceed 10 Paiicdsiphta, and eadearo-
10 gel brunch Of said Bank located N
that city. All these gentlemen, We con.
clude, win BE- ACKNOWLEDGED a. pare D,uyl-
'cfats. Mr.. GALLATIy, IN b.. able article
+ (which was Published IN the :. American
Quarterly Reylew for Dycemh..r, so
on Banks and Currency, contends
1t. Thst a Baak Of The as,ed States : 81
tae utmost importance 10 the dE4nel4i operations
of tie Government
81 Had sssch an Institution hesa .a cr steaco.
1 Eoald have PfeYeatsd the susgeas3aa of sgee.1
p4Ymsnts IN 1911.
81 That the Bank was he ae.- z. az Cad T..
Tsei agsai "a producing II. rssss1p ''on 81 .gs
cse par'ueuis.
%, rhat q has sifsl!.sat3 as4 mriatasas
Aaifosnl carsgar4.
! slh. That the s4sh raant.g 4gf 1.raved .efsaf
afszafags from it. o,sysf9a. n exchange and
cbeap transit Of funds
Ga. That # naFsfaIns iAe rrusr1i ssanaax4a
Fl q. cnusae4 0stAgat mj arsag ~ Ntat4 8aats
--aAl
III iiat .a- aaly and Ja..e. lus,y managed
Mr. McDurfIr, 10 his eaa atserabls
report On the suhJrc, u sae Bank of the
imtcd States, said In hft'a more taan
two years after the government vent INTO
operation, and a. pcupd ebcn most It
the distinguished mcmber- 81 the Federal
Convention we're either ~ fhc Executive
or Legislative Councils, the att iof utepr.
por4iing the tlr.i Bank III the United
state passed both branche. ~ Coagre4.
by hrge maJaniie', and received tbr de-.
libefaic sanction u President W ,aniNG.
roy, who had thea recently pfcaded over
The deliberations Of tho Coasen,lun. Tho
fsrfstf e
he act q incorporation was thoroughly ia
resttgdfed. :" No persons
can bc more competent to give a ilIsi con.
s'mciian 10 the constitution, than thase
who bad a principal agency "a framing
i. Mr. MADISON, ia hi- message of D..
cemtaF l-l6, held the following language
+" Bat l-atd hel for the interest of tie CON.
mtnlty Al large, a. we'll a. Tor ihe parpo.
,'.s 81 the Treasury, i l. essential thu, tho
nation should possess currency III eouI
value, credit and usc, whcreser i m4y.
, circulate. The CoHaiiutioa has tHtrgaf,d
Congress, erclusirely with the power Of
creating and regulating a currency OF that
description aud the measures which ser
taken, during the last session, ~ execution
. Of the power give every promise Of sic.
cess. The Bunk Of me tuied States, IN.
:. der auFptce' The most fororabie canno, fail
10 be an important aurihary.7
he-sr-. Eiltors-Wo would call on
your readers to pointer aud rei2ect, ON the
following paragraph, from Nr, M'DrsrtEs
report % Soon after me expiration II thu
charter Of the fro: Bank Of the United
States, an lmmen5e number If Iocal 6anks
sprung up, las has been the case s.ncc the