The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-09-24

sesing o. his characteristics love Of rule.
snd nnessiness under cppo4ilian, led him
70 depart from all thai wss expected from
MIN, sod % enter upon measures. which
plunged both bin and che country IN
gresier and greater difisultiss st every
step. 50 that, in this respect. his whole
course Of administration vas but q series
OF ill-faled experiments, and projects,
framed 10 disregsri Of prudence and pre-
esdeni. and bursting IN rapid succession;
The hnsi explosion taking place . fsw
months alter his retirement from Office.
Gen. Jackson was not elected wilh any
desire or expectation. on he part Of hIs
supporters. thai he would interfere with
lhe currency Of ths country. We affirm
ibis, ss the truth ofhisiory. Isis incspa.
bic ofrefuisiion OF denial. lite a. certain
as that the American Revelation vas not
undertaken 10 destroy the rights Of pro-
perry. or overthrow the obligation Of
morals.
But unhappily, he became involved Ia
. controversy silh The then existing Bank
Of the United States. He manifested .
desire. how originating OF by whom in
spifed. 10 immaIerial. 10 exercise q poll
teal influence over that institution, and
20 cause that Institution 10 exercise in
turn. political influence over she COM
muniiy. Published documents prove this,
ss plainly as they prove any other aei or
bis administration. In this desire he was
resisted, ,hwaried. and finally defeated.
Bot what he could not govern. he sup
posed be could destroy; and the event
showed that be did no, ovenaie his popu.
Iarily. and bis power. He pursued The
Bank 10 the death. and achieved his
triumph by the Veto Of 1892. The &C.
cusiomed means Of maintaining sound
and Uniform currency, for The use OF The
whole country. having been ihus irampled
down and destroyed, recourse was bad
70 these new modes OF experimental adj
minisirsiion, 10 which we have already
sdseried, and which terminated so dis.
ssirously. both for the reputation Of bis
administration, and Cor the welfare Of the
country.
But Gen. Jackson did not deny bis
constitutional obligations. nor seek 10
escape from their force. He never pro-
fessedly abandoned oil care over the gen.
eral currency. His whole conduct shows
that he admitted, throughout. the duty Of
the General Government 10 maintain
supervision over The currency Of The soun-
Try. both metallic and paper. Cor the gem
aral good and use ofsthe peoples and be
congratulated both himself and The nation.
that by the measures adopted by him.
the currency and the exchanges OF the
country were placed on better toouns
49,. .,ssy ever nsu s....- .r,fvr tue opera
lion OF Bank Of the United States.
This confidence in bis owh experiments,
We know. proved most illusory. Bot
the frequency with which he repeated
this and similar declarations. establishes.
incontesisbly. his own sense Of the duty
Of government.
In all the measures Of General Jackson
upon the currency. the present Chiei Ma
gis,raie 10 known TO have concurred.-
Like him, he was opposed 10 the Bank
Of the United States; like him. he was in
favor oe State Deposi,e Banks; and like
him, he insisted, that by the aid Of such
Banks the administration had accomplish
ed al that could be desired, on the great
subjects Of The currency and the ex-
change.
But the catastrophe Of May. 1887. pro-
duced q new crisis. by over,hrowing the
las, in q series Of experiments, and Great
ing an absolute necessity, either Of re-
turning to tina, policy Of the Government
which Gen. Jackson had repudiated, or
Of renouncing altogether The constitution
al duty which il had been the object OF
.ha, policy to perform. The latter branch
Of The slternative was adopted. Refuge
was sought in escape. A duty, up 10
thai moment admitted by ell. was sud-
denly denied. and the fearful resolution
announced, that Government should here
after provide for its own revenues. and
tina, for the rest, the People must take
care Of themselves.
Assembled here, To- day, and feeling ia
common with The whole country The evil
consequences Of these principles, and
these measures. we utter against them all
from first to last our deep aud solemn dis
appreciation and remons,rsnce. We con
|, denim the early departure OF Gen. Jack
son from that line OF policy which hi
was expected TO pursue. We deplore iht
temper which led him 10 his oflgins
: quarrel with the Bank. We deplore ,h'
, besds.rong spiri. which ins.iga.ed hiu
to pursue tina, institution 10 lie destruc
=. lion. We deplore the iimidiiy OF some
. The acquiescence Of others, and the SUD
|, serviency Of all his party, which enables
: him 10 carry hs whole, unbroken Pha
. lanx TO the support Of measures, and tn
!. accomplishment Of purposes, which W
!, know 10 have been against the wishes
!. The circumstances, and the conscience
: of many OF the most respectable and Is
d ,e,lipen,. We dcpiore bis abandonment
|. of measures that had been pursued 4
!, forty years; his rash experiments vii
n great interests; and the perseverance vii
Lar z