The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1840-04-08

this body. they assume an importance which
demands immediate correction aud rsfutation
Will the Senator designate any portion OF snv
speech delivered on this floor, by any friend of
the Administration. in which such objects are
avowet."
"Mr. BRowS said Mr.. BUcBArAs. had
only re-aifrmed aud reiterated the views aud
opinions which he had before repeatedly ex-
pressed. IA 10 the effects Of the constitutional
Treasury on banks and the currency Of III"
country. Ii he had expressed tho opinions
Then for the first time attributed 10 him. on that
floor, they would have heen utterly inconsistent
with all those which he had. on many oeca-
sons before. avowed. aud which were TO be
found SO explicitly set forth 10 his published
speeches, made, on former occasions. on this
subject. What. The Senator from Pennsyl-
vania, Jealous and able advocate Of the con-
stitutonal Treasury bill. urging, as an argu.
,nent in its favor, that it would. among other
effects, "suppress credit !" He would only
say that. If that and soma other arguments
which had been attributed to him by the SEND
tor from Massachusetts Mr.. DAVIS bad real
" been used by him, much as he admired iha
Senator from Pennsy lvania for his talents, and
respected him for his integrity. he should have
considered him as an enemy in disguise to tho
very measure which he Was advocating, and TO
which 1t was but an act Of justice to him TO
say that he brought that po~erful aid, always
afforded by him when he takes part in auy i'm
portant debate. He would add that he had
never heard, or known. arguments so entirely
lproposterous as some Of those that had beeo at
uibu,ed TO the gentleman from Pennsylvania.
to be used by any one. either in that body or
else here, in their advocacy Of that measure.
Nor had he known such arguments TO be i'm
puied TO any member oi this body, favorable tO
the constitutional Treasury system, except in
the correspondence Of hired letter writers, or in
the columns Of newspapers. devoted 10 bank in
terests.
What did the Senator from South Carolina
| Mr.. PREsToN,1 aud the Senator from Ken
lucky Mr.. CLAY mean by the general aiiega-
ton that the friends OF the Administration 10
that body were in favor Of abolishiue the bank
ing system in the States! DO they mean
to charge the friends Of the Administration
with hostility 10 the banking and credit sys-
TEN. because they are opposed to govern
ment Of banking corporations, instead Of
government of the people Do they mean to
charge them with hostility to the banks because
they are disposed to correct their abuses, and
to arrest that System Of swindling and outrage
which has boen practised to such an extent on
the people Of this countryf is II this that they
call hostility to banks. and an attempt To snI'-
press the credit system Are they themselves
WlllHS W HpHOiu W Susu Souscb
II so. let them boldly uvow il. and the peoples
would then understand the value Of that cred
it system. in behalf Of which, SO many sulogies
had bseu uttered, aud SO much alarm bad been
expressed.
h Mr.. b. said that. SO far rs he had under
stood the views Of The friends Of the Admins
traiion, both in Congress and elsewhere. their
leading object was, in regard 10 the banking
system, so Ear az the Indirect agency Of the Fed
eral Government could effect il, to regulate.
not to destroy it; to enforce sound aud hon
est system OF banking, instead Of that system OF
fraud and abuse which had becn SO extensively
and iojuriousIy practsed on the country, under
the miscaIlsd credit system"
Mr.. B. would not say these alternate exhi-
billions Of alarm and indignation which we had
witnessed here were c6eefrd. or intended TO sn-
swer political purposes. That pressing em-r-
lgsnoy, however. existed 10 the ranks Of the Op-
position. which required the use Of all such
means. none could doubt, who daily Witnessed
| the extraordinary expedsnls that were eresorted
to Tor the purpose Of sustaining cause that can
only exist by ex,raneous aud artificial msans.
| The effort to operate on public opinion by pan
les and misrepresentation. vas an old expedleni.
which had been tried on former occasions.
much more favorable 10 success than the pres
snt period. They had failed then, and he pre-
dicled that they would fail again"