Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-10-01
NO. 81.

if | do it in my own way [Shouts of applause,
and cries "f-the old soldier and farmer for us)
have said that there were other allegations to
notice To prove that was federaist, they as
sert hat supported the allan and sedition laws,
and in doing so, violated the principles and ex-
press words OF the Constitution did not, fell
low-citizens ever participate in this measure
When those laws passed ! was soldier in the
army ofthe United States [Applause.l
Again, they censnre me for my course in Con-
gress, when served you in that body as n represen-
iative of the North West Territory. And here |
will advert 10 the fact that represented at the time a
territory comprising the States Of Indiana,
Ohio. II nois, and Michigan. was the sole repre-
sentative of that immense extent Of country. "a
voice here cried ,-"and you going to be again."
Tremendous cbeering] As understood federalism
TO be in lis origin, so understand it to be now. II
was aud is he accumulation of power in the Exec
utlve to be used and exercised for its benefit.
Was my conduct in Congress then such az to enti-
tie me to the appellation of federalst3
GCIies of no. no, and cheering had the honor
as Chairman of Committee in the year 1900, to
devise bill which Rad for its object to snatch from
the grasp of spectators al this glorious country
which now teens with rich harvests under the hands
of the honest industrious and vtuous husbandnen.
Immense cheering Has | federalist them
Cries of no. no, mol When was Governor of
Indiana, ask how the unlimited power bestowed up
on me, was exercised "a power as high as that ex
erclsed by the present President Of the United
States. was their sole monarch of the North West
Territory! GLaughter.] Did | discharge my du-
ties as Governor of that vast Territory in such way
as TO show that was in love tn the tremendous
powers invested in me? Here some 1000 persons
in quarter of the crowd raised their hats IN the
air and rent il with shouts of,-no, no, no. They
were the delegation from Indiana. This prompt
response from many persons produced grea:
l There ia n o saentat diff, apQa hpfvvapR
the President of the United States and me. When
he was IN the Convention which remodeled the
Constitution of New York. he was for investing the
Governor with the appointment of the Sheriffs.-
When was Governor of Indiana, and possessed the
power of appointing all officers | gave it up to the
people. Intense excitement and great cheering
! never appointed any officer whatever, while Gov
ernor of Indiana. whether sheriff, coroner, judge,
justice of the peace ought ese without first
sulting and obtaining the wishes of the people =
tShouts Of applause.] Was this an evidence that
was federallst' (No, no, no
think have shown you. fellow citizens,
conclusvely that my actions do not constitute me
federaist and it is to them proudly point the
shield against whch the Of my calumniltors
will fall in vain. Immense cheering)
Methinks, hear soi voice asking are you in
favor of paper money, | AM. (Sbouts of an
plausel Ifyou would know why am in favor of
the credit SYSTEM can only say it is because ana
! democrat (Immense caeering) The two sys
TENS are the only means under Heaven, b, which
poor industrious man may become a rich man with
out bowling to colossal wealth, (cheers) But with
all this am not Bank man. Once in my life |
was, and then :hey cheated me cut of every dollar
placed in their hands. (Shouts Of aughter.) And
shall never indulge in this way again: for II il
more than probable that shall never again have
money beyond the days wants. But am 10 favor
Of correct banking system for the simple reason,
that the share OF the precious metals, which, in tho
course OF trade falls to lot, is much less than the
circulating edium which our internal and external
commerce demands, to raise our prices to a level
with the prices of Europe, where the credit system
does prevail There must be some pan to multiply
the gold and silver which our industry commands;
and there is no other way to do this, but by safe
banking system. Great applause do not pre-
tend TO say that perfect system of banking can be
devised. There is nothing in the offspring Of tho
human mind that does not SAVIOR of imperfection--.
No plan OF government or finance be devised free
from defect. After long deIiberation, | have no
hopes that this country can ever 60 on TO prosper
under pure specie currency Such currency
but makes tie poor poorer, ard the rich richer. A
properly devised banking sys:em alone, possesses
the capability of bringing the poor to level with
the rich. tremendous cheering0
have peculiar notions of government. Perhaps
| may err. am no statesman by profession
but as ] have already said, am a half soldier
and half farmer and it may be. that Il am cleo
ted to the first office in your gift, my fellow citizens
will be deceived in me, but can assure them that
IT, in carrying ont their wishes the head shall err
the heart is true. (tireat buzzang) go
My opinion ofthe power Of Congress to chartera
National Bank remains unchanged. There is not
IN the Constitution any express grant of power for
such purpose and il cond be consfii utionai
To exercise that power in the event the powers
granted TO Congress could be carried into effect
without resar'ing To such instituton (applausel
Mr., Madison signed the law creating National
Bank, because he thought that the revenues Of Tho
country could not be collected or disbursed to tho
best advantage without the in!erposon of such an
establishment, said in nv letter 10 Sherrod Will
liams that. Il 1t was plain that the revenues OF the
Union could only be collected and dsbursed in the
most effec'ual way by means Of Bank, and If 1
was clehry OF opinion that the majority Of the peo-
pie OF The United STATES desired such an institution.
then. and then only would I sign a bill going 10
charters Bank (Shonfs ofappause) I have never
regarded the office Of Chief Magistrate rs eanevny
upon the incumbent the power of mastery over the
popular will. bat granting him the power 10 ex-
erute the properly EXPRESSED will Of the people and
M, TO resist II. With my mothers milk, did d
suck IN the principles on which Declaration OF
Independence was funded Cheering That
declaration complained that The King would not let
the people ma snch laws as they wished Shall n
president or executive officer undertake at this
late time Of day, control the people in the exer-
else Of their supreme wR No The people are
the best guardian Of their own rights, app ause.l
and il is the duty of their executive TO abstain from
interfering in ihwarting the sacred exercise of
the law-making functions of their government
In this view of the matter, defend my having
L