The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-01
MOONS PHASES.
-IR. GmAuAH's SPEECH.
EpEEcu

SPEECH
! w. james Gnhla' Of Most. Cato.ina, on
as su5 Treasury Bll delivered IN the llouse
K sal4iSos, June 3hb, l2!o
llr Sta,KEe: appcnr n this debate,
,bgr as lhc advocate Of executive exqeii.
sais, nor ol banks thai have s9spcuded
,ic fsymeois. desire good money ior
government, and moHay equaliy good
lue people. Fac subject under discus
ID involves very important coOsF qIcnces
| Embraces the nhule revenue Of the Gov.
krnmeui, aud aifcss HE whole currency ni
he country. / Is delicate, difficult, and
30 question touching tue pockets and
let beyks, the prices aad property, oi
! ltcH mI'ieas 81 individuals The magni
la of The great Interests and the happiness
the great number Of persous involved
.o9.J induce Us to reflect and consider sci
| nature aud consequences Of tbs measure.
are asked, By toe Presid.nt, To throw
say the expef,rgse Of bali century, aud
! discard the opimons and laNs Of the pures,
fi1ts and ~isesi statesmen, who have al
! asiefel this Government SINCE the rey0
on.
Sir, | ar dIs'ruNfll Of TOO many eypcri
"a, when y6u t;y an experiment on IL
nr cat, Of some Insignificant animal /
a,e na nt F,U1u bot whgl sou seriously
aterpefG.en, upon al the money
ut, aUd happinCss o, Eileen NIL
t6,.', ! require s,foug arguments
convincing reasons To satisfy my uind
should s adopt ] and tried
~ lscsaIi.ug aud aHal. " this new &
@ sfra.e.
ise 40 treasury proposes two thlngs-
~, No bank notes shall. after certain
!, De received, kept, or paid cut By the
4,ed States -bu. that al fsoHcg collected
ai,ieiay payilg people, skdI Be paid "a
4t Hiter rVia only, and nothing else
.t ma, 81 banks be discontinued aud
0ll'rd lrau aecomiae tie fiscal agents
repositories ol ,he public monty aud
a, hereafter oil public money shall be col
TED, Lep', transferred, mad dtsbufscd, by
eag appointed By ihe President, rcsPoa.
BE 10 am. ard removable al his pleasure.
II short, that tho United States shall b,
ard money government IA all Is financial
4iu aud tina, tic President shall appoint
those Who keep aud haadlu tao PubAc
| 9uey
! elnnot support this measure, and o.
y because. IN INV Judgment,
y "a iwpraeiicdble the mttal.lc money
g1 scarce.
i wall NoSorotrG and take nearly one
10 81 AZ the gold aud silver com from the
People, and giye erclusire Privileges TO tho
wsldeti aaJ his G'derpi officers aud agents.
Ii viii operate irjutopsiJ upon all the
|loas agd bank notes in circulation, which
d" constitute he principal and actual car.
|-acy Of the people, the States, AMI the tern.
|'ies.
li@,ll ras'oaly impair and destroy credit
d confidence.
i will ujuSily interfere with the rela'
ns and con.ucls bc,acen debtors aud
|'edlloTs, making, By operation u lar, the
EDITORS .rchcr. aud the debtors poorer
Haui any merit Of the FIRST, OF any 'aua
Ihe last; aud thereby the rich all DO
s''a richer, and the poor poorer.
Il will diminish and reduce the price OIL
ayes Of produce, Of property, aud q oil
|f'icles Of trade aud merchandise nnde ~
Of osn country; while Iareigu goods VIII
tam their present prices, aud thereby we,
'ali be obliged to scii lOw aud buy high.
II viii give two currcucies-Iha better
le ior the President and federal Office hold
3 and tie baser Tor the people aud tax
fayers.
u will be unsafe.
u vii be dangerous 10 liberty, and give
igtg poascFs to the President, aud destroy
BE- checks aud balances Of the constitution.
will endeayur to Cenionstfate the pro.
|''ilons, and prove the objections have
|lade to this bill
TMPRACTICABLE
let us first enquire 10 relation 10 the
kys and means, and ascertain, if II be Prdc.
kbIc, where. when, and how, shall we
- communal a sufficient abundance
ce,al, 10 answer aud supply
- "I,,qessary demands
lue,bt9 Mr. Sneak
Islon IN North Care.
districts IN tho TINT
n docp soltctudo for the
gold mines, aud the profits OF
and, therefore, the first term /