The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-07-29

ern srLoof - lh.s 49, i-rs. =, a.. fm i
m~mrai. i.sqsisr i lll- 9io'ifra Dsmecra-
fir Pur.y hare ns'. tLn uFh rs ssknss-
leagee interpreters and organ. held ps,-
eisely the ssm- erred G-nefsl Jael-s
s.'n. Gr.hd ls.ms afihe anl,-Bsnk l.zrsy.
~. sstn seduloas 81 ssssr'. in he a.esl
unqlalIh. dlerm.. ll,r ronslilnlionsl powsr
81 C"nEress % - ahlish . Bank il ihs
DisiTici 81 Colombia. 10 az, extent. and
lns any pafpase. IA. rurinns and re-
n,srksble rolnriispt II.al IN ll.s very act
by y hlch BE- nj his ssln ON the BIZ fpr
% rl,z'irrng the ls,e Bank Of The uni,ea
Sia'e., he ,ank ssrfrisl pans % re-sf-
lisn. and Findsrslr The nnlis,iled anlhnri.
~ nf Congress 10 rses's Banks in this
District. In that bill was . provision
that % other Bank should be established
bv Congress during The eoa'i"uanee cf
the ins'liuii"n Ihrrrby rsclIsrlefed. tx-
repl - that Congress might renew exit
ing charter. (.s Bank. within the nIs-
lrscI.f Lolumhia. moi increasing fke espi-
fGf fhrreef. ard might slsn establish any
aIhrr Bank n Banks ~ The District irifh
cGpiiais moi srcesdtng ia me phOie air
millions Of dollars" l'his restriction
General Jaek,on seized npnn. and signal
izrd, in hrs veto message. as parliculsr-
~ unconstitutional. in,smueh as il sought
Ia lriler . The constitutional power nf
Congress a. establish Banks 10 The Die
iriri of Cninmhi,. aud increase their cs-
lpiial Al wlll'--a power which he pro-
nnunced 10 be :. uniimiisi and aaoonfro-
liable by any o,her authority Than tina,
tshirh gave existence TO The consuiu-
nnhI"
i Mr.. Van Buren,, his anoinird success
SIR - Head Of the modern, Denocrssic
pny. il hike mannsr. anrqsiyocalIy adj
milird The constitutional p0rer of Con-
grs.s 10 establish National Bank (ro
nomine) within this DisHiri, Theie is
his famous liter To Mr. Sheuod VIII
li-ms, Iet g.n'lcmrn read il. and make
any thing else "ui of IL. If ,hey can. Inex-
pressing his opinions on The qnesiiaa Of
The Constitutional power II Congress 10
establish National Bank, hrs negslinn 81
The pos-r i. invariably made 10 reference
90 The Siales. Adopting The language
at las fu,nd. AIT. builrr. lie sa,s. !. he
linld. ihs. Congns- does nai pnsress lie
power III esiabllslI q Nsuos-I i,~us M
any ~ the States &c ,bs Union. ilris
ihsr. far. neciIsdIy oppsed 10 The eslsb-
li.hmea, of surh Bank IN HE District
af Columbia as unnecessary and expedi-.
sn,-impt,irg thai. 10 The Dis.tiri, il
would be constitutional ~ lsa-i. Noons
can fail I, perceive the marked cnnus-
lIsunclian throughout. 10 his postum
az 10 the est,blishmeni uf a National
Bank in the States, aud in lhe Disirici.
placing tie opposition 10 the former On
the ground Of wan Of c0ns,iiu,i ,n.l
power. aud 10 the larcr. ON cansi,irra-
lions Of expedltncy alone. Indeed. the
very principle of the constitutional OBJ
jecli6n, as stated by him, aud which he
Justly SAYS was the main point. OF Mr..
Jeilrrsor's crlehraird opinion sgains, The
establishment nf The first Naiional Bank,
10 wit. THAT the Constitution does nor
ri. Congress the power 10 erect corpo-
raiinns wllhin the States" uT neees-itv
excludes The Di,tric, of Columbia; Tor all
I. mus, admit that Congress does possess
the power Of incorporation 10 this Dis.
!; irici.
The constitutional power OF Congress,
then, 10 incorporate Bank in thus Dis
irIci, for the convenience and uses Of
: the Government. il deemed exped,ent.
! is power which has been recognised
and admitted By all parties. from the birth
OF the Constitution dawn 10 The present
dav. II has been, in an especial manner,
admittrd. and in terms The most unequi-
vocal, By leading and distinguished mrn
ofihe Republican Democratic parties. who
have been mos, signal.sed for The zeal
aud sarnes,ness. as well as ability, with
which they have denied the general pow.
ier of Congress 10 establish Natonsl
Bank within The limits Of the States.
Alter the steady and unbroken current of
testimony sndopinion, Hnwirg ,hroughthe
cuurse uf half century, !. would seem 10
be IN vain 10 call 10 question power thus
vouched aud sustained. The plan Of the
Secretary Of the Treasury. then, SO far
as the question of constitutional power 10
involved in The incorporation of Fsasl
Bank of The Uni,ed States IN this District,
may be safely assumed 10 rest ON incun-
iesiible grounds
ITO this list Republican authsrities may
be added the following pregnant letter ofthat
sterling Republican aad patriot, Judge White
Of Tennessee:
50. Knoxville, July a4th. 1887.
DEAR SiR. Your favor. dated 18th ultimo,
was received by the mail which arrisad here
on yesterday, aud with pleasure, l send you
an immediate answer. "a
Your recollection of The contents Of my &.
ter TO Mr. Kineanaon is correct thsn sta
ted, and yet believe. Congress has moi he
poaosr 70 charter s Bank ennfssriag upoa % tie
pO,rtr 10 DO basiness arifbia fts Quits Of aas oe
the States Should a Astionsl Bsaks a. any
time, be found indispensable. i have Lefei, .
fore said. aud vel baiicse Consress has fhe ps,r.