The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-02-06


rary or huctuating rate of interesl-but
permanent one, shows the prosperity Of
country. This view was illustrated with
singular felicity, coplouSness and power.
lie concluded with The declaration, that
that country is most ilourishing when the
prices Of labor are highest. In connection
with this branch of the subject, Mr.. Clay
referred, BY way of illustration, to a remark
Of the celebrated Editor of the Edinburgh
Review, Francis Jeffrey (now Lord Jeffrey
who visited this country many years ago,
and on leaving il said" Tins is the hearen
of the poor man, but the he'll of the rich ~
With all It's extravaganza, the observation
showed that the lliusi,ious Reviewer had
been struck with one Of the greatest marks
aud evidences OF prosperous population,
the high rate of wages, aud the consequent
addition the poor man obtained, TO the CON
forts which he could procure IA any other
land The sun shines on.
II from this state Of ease and happiness,
so different from The condition OF the work
ing men of the rest Of the world, that lhis
pestIierous bill proposes 10 strike down the
free, hardy, industrious AID enterprlsng la
borers OF America. II proposes 10 reduce
them 10 an equality with the half fed, hall
clothed, Impoverished and uneducated labo-
rers of most Of the nations OF lnsular aud
continental Europe.
Sir, sand Mr., Clay, Throwing down the
copy of the bill which he had held in has
hand pass from this measure hut hope
the country will not soon pass from it. |
trus, the people viii continue TO consider
and discuss IT ard when the day of reckon
,ng comes, and sincerely believe II will
be the 4th day of March, lS4l, they will
not forget that one main object Of this lead
ing measure avowed here, was To give to
the poor man ouly so much for his laboTs as
would enable him 10 procure a bare subsls
tence, that the rich might have his good-
produced, al SO cheap a rate as 10 permit
him TO compete adyantageously with the
foreign manufacturers 10 the markets Of Eu
rope.
Mr.. Clay alluded 10 the remarks OF d.
4
exercised over the financial concerns and
the business of the country, b the Bank ol
England, He shared completely, he sand
10 the dissatisfaction which the PresIdenr
manifested al this display of power eserleL
\ by Foreign Institution and he confessed
his notification, too, that the people Of tia.
country looked with far deeper and more
absorbing interest for the arrival Of BRUSH
steam ship than they did for the news from
Washington. And why is this, but be
cause the American people have been taught
7 to hope for nothlng-to look Cor nothing
from the capitol aud the Government o
their own country.
4 But why IS this power Of the Bank o
England SO controlling lie attributed i
to the var Of the Government 90 the lnsli
tuuons Of this country.
Was /, lie asked ever feared or com
planned Of during the eSisicuee OF the M
riona Bank OF the Uuted States Never
never until you had run down the III
st,unon you called 81 the Monster aud LEI
US to the mercy Of uumberIess monslers It
every par, of the Union.
Mr.. Clay reviewed The measures an1
doctrines Of tie Administration n relation
10 the United States Bank, mud Inc STATE
Banks, aud 10 Speaking OF this Aduuuislra
u9n, he reminded toe country that the sam,
mpuarchy were on the throne for The las
eleven years-Charles the second aite
Charles the first, nariln Van Buren, aiie
Anlrew Jackson. lie spoke Of the va
against the national institutions ;--aad to-
terms Of high euonlJm with Which the'
bcu bepralsed and befufed tie State II
stau'lons. Hay - succeeded 10 destroy 10.
them, they soon began to deuource and de
clam against the British monster.
The principal cause Of the power eSertet
bg the Bank Of England over The Gnsucia
affairs Of the country, was as be had states
before, that Sc have been buying too mucl
aud making too little. Ii We WISH to r.
nd Of this foreign power, LEI Us not run To-
much IN deb, to them. One Of his pruct
pal objects ii wishing to establish 40 eth
. eie1l system Of protection Tor cur maGullc
turers, was to break down tits foreign con
: troll.
Mr.. Clay then proceeded 70 another viev
Of The measure, 10 exhibit which was III
principal purpose N addressing the Senate
--namely, that of lis being scheme for tbl
establishment ola Government Bank. III
exposition and reasoning on th,s brancI
manifested as high powers Of argnmcnta
ton, as has captivating and Impressive clio
culon Is universally Acknowledged.
Ia connection with this be spoke Of III,
inevitable tendency Of the bdI 10 lncrcas'
Executive patronage and power and CLOSED
with an earnest prayer, that the day q
reckoning with the men now IN power nigh
no, be delayed beyond the year ls4l.
When Mr.. Clay finished, Is was uuiver
sally expected that Mr. Buchaaan 10 who's
arguments great portion Of his speech va
addressed, would reply. The distinguish
ed Senator from Pennsylvania had been tax
ing notes also, very buslly aud as be- is al
, ways courteous Ia his manner 10 poltlca
opponents, and shows great tact and taleu
in the development Of his views, the most o
Mr. Claws auditurs Wauid have beeu urpat