Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-12-24
NO. ~.


" objecuUlIs winch have already been urged,
to reIGer lis creation aud cAIslcncc the sources
OF bitter anu indispensable discord. If we add
to this It's inevitable tendency to produce aud
foster ex,tayagunl expenditures oi the public
money, by winch Il Necessity is creuted for new
loans and new burdens OH the people; and,
iinaIly, il we refer 10 the examples of every
Cover. nent " hicn has existed, for proof how
seldom il Is li:dt the sy stcni when once adopted
aIlj implanted i'll the policy OF u country, has
failed to expand itsclI, unll public credit was
exhausted, and the people were no longer able
10 endure lis increasing weight, it seems m-
possible 10 resist the conclusion. that no bene.
iS rcs''l.inS ifoui us career. mu extent OF COLI
quest, no ac:essiDns OF wealth to particular
GLASSES, nor amy, nor AL il, combined advanta-
yes CAL countGrbiiaDce lis ulllmatc but certain
rc'".ts-L spenind government, and an i'm.
Po'orisiied peulIc.
IL 4 iia'to.'li bank was, as is uEdcniable, re-
pHd;astd by Tic HauIer5 Of Tile Constitution as
lIco'npdtbe with lie rights OF t,.c States and
thu liberties Uf lie pcupte, IT, from the be.in.
rIng. IL i:ls Uecm regarded ny iais~ p0rtlous Of
our clilZrIs IL cunning in dice; collision with
thai great allI VITA: Hueldtnt Oi Inc cullstitil-
Iun, winch ucciai Is that al powers not confer
lucnt reserved 10 the Stiles and 10 the peu-
Pile; II II has beeu viewed 10y lielu Us the first
creal step IN the march OF latudinons cUilstruc-
ton, wuich unchecked. would render that SD
creu insli un'enl ol rs little value lis all unwrit-
len constitution dependent, as it would alone
be. Tor lis nicalnlig, on the interested Interpre-
IaIIon oi auoIIlrlilut parry, aud affurdng no se-
curIty ~ me rsills OF tIic nIlnority-lf such is
uldcnlably the case, what rational grounds
could have been conceived for anticipating
ausnt but determined opposition 10 slirn all i'll.
siiution at the present dayi CouL different
result iiave bscn expected, when the collsc-
Ienccs winch have flowed from its creation,
ana particularly from lis struggles 10 perpetu-
ate lis existence, had confirmed, in so striking
Il mann:r, the apprchensIons Of its earliest op.
ponens1 when II had been So clearly demon.
stratcd. that concentrated money power,
welding 50 vast 4 capital, ankl cOmbinIn. slcl,
!ncalcuiib.G hicanS vi Influence, may, in those
pecuilar cowunclures l" winch this Govern
hle"t Is uliaS oIdabiy exposed, prove un over
niatc!i i"r the poiliical power OF tie people
lileiis Ives; when the true character Of lis ca
EacIty to resuIate, according To its will and III
n u.u !e interests q! il !hY44Tjiie iSncthsH h
W every liia:i Ia tuij extended country, lad
been 50 iuIlJ anJ icarlnlly developed; when it
was iluIoruGs thai all Glasses Of this great COM
ii'iiiity had, ny metals oI the power and in6u-
ehcc IL tlitS possesses, been Infected TO mad
ncss win aspi.'It UiheedirSs speculation; when
u haa peeii seen tliai secure i'm the slI,po,t of
the Combination otiuiluenccs by which II wa,
sun o't'ueu, II cuu.d Violate It's cnarter and see
lhe luwSat Lctiailce with Inpunlly, and when
'"o' IL hdu occ0nic most appar, nj that to bcievu
''i'' s'ca IN ac''iiillaIIon oI powers cau ever
pe grained without tho cer.alnty Of being a..
niseu' was TO Iluu! se III u ia;al dtlusjou3
io"."'u inc GeccssiIs Oi Permanent d.bt
a"a lis inevitable Consequences, have udvoc,,.
'cu' ana eiiuehfnIed To carry iutu effect. tho
poncy Vi coiilnlhS tiie appropriations for the
puphc service to such Ob: b:ecls ONLY rs nrr cIn,r-
y Wilhil Tile Constitutional auiuuritv of Tin
eoerai unverhIiirnl; Oi cXctdiny from its
EXPENSES llinse lInprovIdent and ,nalrrhorized
s'aiits oi pubic money lUr works OF internal
IniI I'fOfcinGnt. Which were 50 wisely arrested
" 'ic ccoSltlitioilll iiIrrpusl:Iun UI my prede-
;cSSor, ana which, Iiliiey lIl.i not BE- II checked.
r0il,d lUns bpnlr this time have involved tho
lll:t' .ces "i tue General uoyeiulnen in cmbar-
'asSncnls lar .icacr tiilm tD>c which are now
Experienced by any 0l the Sales Of limiting
III or cXpr!dnfc 10 that simple, lnusteuta.
IpIiS, ami ucOnuncai administration OF pubic
lllalri, winch Is asonr CONSISTENT with the char
lclrr ol our Insiituons; Of collecting annually
rom llIe Customs, and the sales ul public lands
| revenue fully adequate 10 dcffay all the ex.
,eiIscS !hls ihcurr d, tut und ITO prctence
Whatsoever, TO impose lakes upon The people ID
greater amount tnan WAS actually necessary
o lhc pubic service, conducted upon ;he pin.
:plcs ave stated
In lieu Off naiional hank, or dependence
lpon banks oi'any description, for the n,anare-
uenl oI our fiscal affairs, / recommended Ibe
dopll"n Of the system which IS now in success
III operation, iEal system affords every re-
!uis:.r facility for tic transaction O; the peruil-
ary concerns of the GO, O,crnmcni; will, it is.
confidently anticipated. proluce in other res
,ccts maiI. oi The benefits which lave been
rom time to time expected from tic creation OF
llatl, bank, but winch have never been re-
llizcd; avoid the manifold evils inseparabio
rom such an institutions; diminish to Il greater
.Xte nj than couhl by any other measure of re-
urnl, the patronage Of the Federal Govern.
neut-a wise policy in alI Grvcrnplen,s, bus
more especially so in one like ours. wb;c,,
works well on III proportion Us it is mazda >"
ely Tor Its support upon the unbiased on,I
itEdn tcratcd opilllons Of It's constituents. ,I,,
way. forever, all dependence OIL corpora,e. @
'odIes' either in The r''isny, collecting, sale safe,
iecplng "r dI'bnrsing the public revenue and,
'lace the Gnre' lncnt equally above: the tenn
alton Of losl cring u dangerous and nncons,i,n-
iopal institution at homo, or adapting its poliev
o thu viws a I'd Interests ol still llurc io,my.
liable powora road.
Ii is by adopting and carrying ont lhes. n,;u.
spies, under circumstances TIE most ardnous
md ouraging. that the attempt has bee,s
made TINS far successfully 10 demons rate 4,
Inc people of the Unitc.l Sites, that u,.;c.
Al bank at l times. and 4 ilaiioncI debt, e. IT.
it be incurred ata period when the ho' .'cept
safety of the nation demand the TEN, .lor and
riiicc olpniicy, which should OIL. 'orary sac
ed in such ex@encies arr not ne aoahdon-
Sary, but in direct and de. merely ',hneccs-
principles of their Gov erueu "II' nn% - TO ,ha, 'r
dies" I ppsti"r ,n, ,,,nde m the devcIopemcnt Of
Of the pa, aPr.,cars in the preceding sketch
fiuancir : Il hlsf.'ry and presen, state of the
nn."o nno Al conc, ,rns of The Federal Gorernment