Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1840-10-13


Congress, when ! served you in that body ~
representative Of the North West Territory
And here will advert to the fact that repre-.
sented. at the time, a territory comprising
now the states OF Indiana, Ohio, Illinois, and
Michigan. was the sole representative of
that immense extent OF country voice
here oTied,--"and you are going,o be again !"
Tremendous cheering. As l understood
federalism TO be in its origin, so ! understand
tito be now, IL was and is tho accumulation
OF power In the Executive to he used and
exercised for It's own benefit, Was my con-
duct IN Congress then such 10 en,i,le me To
the appella,on OF iederalis,l (Cries Of no,
no, and cheering
had the honor az Chairman Of commit
tee IN the year $500, 10 devise a bill which
had tor its object 10 snatch from the grasp Of
spectators all this glorious country which
now 'eNms with rich harsesIs q "a tlso ,'ss
- tslSs =. w. y at--ii s,lt ~ ,',.T
bsndu,an llrnmciise cheering. wsA ~ ~,
federals, then Cries of no, no, no. When
! was Governor Of INDIANA, ask how the IN.
limited power bestowed upon me was exerc-
sed, "a power as high as that exercised by the
present President of the United States |
was their sole monarch Of the North West
Territory l.augh,er.] Did ! discharge
my duties as Governor Of that vast Territory
with the tremendous power invested in me
Here some 1000 persons in one quarter OF
the crowd raised their hats in the air and rent
II with shouts of,--no, no, no. They were
the delegation from INDIANA This prompt
response from SO many persons produced
great sensation.) There is an essential differ
ence between Mr. V. Buren, and me- When
he was in the Convention which remoded
the Constitution Of New York. he was for in
vesting the Governor with the appointment Of
the Sheriffs. When | was Governor of In.
DIANA and possessed the power Of appointing
all officers, gave IT up TO the people new
er appointed any officer whate yer, while Cow
ernor. of INDIANA, whether sheriff, coroner,
Judge, justice of the peace or ought else, with
out first consulting and obtaining the wishes
of the people. Was this an evidence tina, |
was iederasti
think have shown you, fellow citizens,
conclusively that my actions do no, constitute
me a ic.eralist, and it is to them l proudly
point as the shield against which the arrows
ofmy calumniators will fall in vain.
Me thinks, hear a soft voice ssking-are
you in favor of paper money! lam. (Shouts
Of applause) Ifyou would know why am il
favor of the credit system, can only say ii is
because am democrat. The two system.
are the only means, under Heaven, by which
| ponr industrious nan may becomr rc.
man without bowling 10 colossal wealth -
(cheers.) But with all this am not Bank.
man. Once in my life | was, and tten they
cheated me out of every dollar ] placed il
their hands, Qaughter) and shall never in
f dulge in this way again; for it is more thar
, probable that ] shall never again have none,
beyond a DAVIS wants. But am in favor o
, a correct banking system, for the simple rea
son, that the share Of the precious metals
which, in the course OF trade, falls to our lot
{ is much less than the circulating medium which
: our internal and external commerce demands
h to raise our prices 10 level with the prices
f of Europe, where the credit system does pre-
n vail There must be some plan 10 multipl,
the gold and silver which our industry de
4 mands; and there is no other way TO do this
: but by safe banking system. do not pre-
# tend to say that perfect system of bankin,
n can be devised. There is nothing in the off
@ spring of the human mind that does not savo
I Of imperiection. No plan of government o
A finance eau be devised free from defect. Al
o ter long deliberaton, have no hopes that thi
III country can ever go on 10 prosper under
Il pure specie currency. Such a currency make
i the poor poorer, and the rich richer. A prop
% erly devised banking system alone, possesse
r the capabilty Of bringing the poor to a leye
IF with the rich. (cheering)
m have peculiar notions of government
N Perhaps | may err. am no statesman b
\, profession, but as ] have already said, ! al
"a half soldier and half farmer, and il ma
Is be, that, if am elected 10 the first Office
1 your gift, my fellow citizens will be deceive
q. in me, but can assure them, that il. in carr,
m ing out their wishes, the head shall err, Il
>. heart is true. Great hnzzaing)
,d My opinion Of tho power of Congress
pr charter a Naio6al Bank remains unchsnge,
re There is not in the Constitution any EXPIRE,
~ grant Of power for such purpose, and il coul
as never he constitutional 10 exercise that powe
of save in the event, the powers granted 10 Coz
n gress could not be carried into effect, witho
Al resoriing 20 such an institution. Applause
of Mr. Madison signed the law creating Naiioi
| al Bank. because he thought that the feyenu,
g. OF the country could not be collected or ~
~ bursed To the best advantage without the II
i terposiilon Of such an establishment. ] sal
IS IN my letter 10 Sheuod Williams, that. II
d. was plain that the revenues OF the Union cOul
lie only be collecte and disbursed in the mo,
N efectual way by means Of Bank, and If W.
L clearly OF opinion tina, the majority Of the pee
~ pie of the United States desired such an inst
: tuition, then, and then only, would | sign
bill going 20 charter a Bank. (Applanse
have never regarded the Office Of Chi,
Of Magistrate as conferring upon the incumbel
= the power of mastery over the popular vii
@. but as granting him The power % execute ii
ID properly expressed will Of the people, and n,
n, 10 resist n. With my mothers milk, did
K. suck 10 the principles on which the Declan
y. lion oflndependence was founded (Cheenng
ID That declaration complained that the Kin
would not let the people make such laws
rs they wished. Shall president or an exec,