Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-10-07

Is necessary, by an amendment Of the {
Constitution, to give the principle
greater extent.
These are the subjects, III relation
to the permanent character oftheGoy
eminent itself, which, it seems to me,
are worthy of the serious attention of
the People, and Of a new administra-
ton. There are others of an admin
istrative nature, which require prompt
and careful consideration.
1st. The currency of the country,
It's stability and uniform value, and, as
intimately and indissolubly connected |
with it, the insurance Of the faithful
performance of the fiscal services ne
cessary to the Government, should be
maintained and secured by exercising
all the powers requisite TO those objects
with which Congress is constitutionally
invested. These are the great ends
to be aimed at-the means are of sub.
ordinate importance. Whether these
ends, indispensable to the well being
of both the People and the Govern
nent, are to be attained by sound and
safe State Banks, carefully selected
and properly distributed, or by new
Bank of the United States, with such
limitations, conditions and restrictions
as have been indicated by experience,
should be left to the arbitrament of
enlightened public opinion.
Candor and truth require me to say
, that in my judgement, whilst banks
: continue to exist in the country, the
services of Bank ofthe United States
r cannot safely be dispensed with. l
1 think that the power to establish such
D a bank is a settled question settled
Y by Washington and by Madison, by
$ the People, for forty years acquies-
5 cence, by the Judiciary, and by both
of the great parties which so long held
e sway in this country. ] know and
Y respect the contrary opinion, which Is
e entertained in this State. But in my
IL deliberate conviction of the matter, !
4 view the power to establish such a
q bank as being settled, and being a
Il necessary and proper power, the only
d question is as to the expediency offs
f exercise. And on questions of mere
/ expediency, public opinion ought &c
# have a controlling influence. With
5 out banks. believe we cannot have a
n sufficient currency; without a bank o
+ the United States, | fear we cannot
1t have a sound currency. But it is the
= end, that Of a sound and sufficient cur
Il rency, and faithful execution of the
y fiscal duties of Government, that
should engage the dispassionate and
n candid consideration of the whole com
d munity. There is nothing i'll the name
J. Of Bank of the United St ates which
has any magical charm, or TO which
D any one need be welded. 1t is tC
l. secure certain great objects, withou
:: which society cannot prosper and, !
l. contrary 10 my applehensions, thes'
ut objects can be accomplished by dis
s, pensiug with the agency of Bank o
d the United States, and employing tha
n of State banks, all ought to rejoic
fy and heartily acquie see, & none woul
~ more than / should.
ne I'd. That the public lands, in con
lie formity with the trusts created expires
s. ly or by Just implication, on their &C
ch QUESTION, be administered in spirit {
nd lberality towards the new States an
nd Territories, and in a1.spirlt OF justlc
W. towards all the States.
Ie. The land bill, which was rejecte
er by President Jackson, and acts OF oC
IS, casional legislation, will accomPis
ST. both these objects. | regret that tt
lie time does not admit Of my exposin
here the neiarious plans and purpose
he of the Administration rs to this va
lid national resource. That, like ever
IS other great interest of the country,
yer administered with the sole view of ii
ia effect upon the interest of the party
,ns power. A bill has passed the Senat
.ig- and is now pending before the Hous
according to which forty millions
ms. dollars are stricken from the real Walt
m of a certain portion Of the public Ian
inn by short process; and a citizen
md Virginia residing on the southwest 81
de- Of the Ohio, is not allowed to purcha
and lands as cheap by half a dollar p
and acre, as citizen living on the mort
cen west side of that river. | have
he hesitation in expressing my convict
ais that the whole public domain is go
tale if Mr.. Van Buren, be reelected,
oke Sd. That the policy Of protectl
iect and encouraging the productions
OBJ American industry, entering into co
ow- petition with the rival productions
he'd foreign industry, be adhered to a
the maintained on the basis of the prln
the Piles and in the spirit OF the COMP
Sc mise of March, 1888.
lib Protection'and national .independer
me are, in my opinion, indentical a
am synonymous. The principle OF abb
ear, donment Of the one, cannot be SURE
,naI dered without aforfeiture ofthe 9th
tod Who with inst nride and national 81