The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-26

PRESIDENT or TliE UNITED STATES
assaraias All H. OF eiions. lAs I'll = -
eerrarsie tAe Fiscal BaLk u ne uasiec
STATES.
"a fAs ssnsGt sfias Uniisf Sfaisas
TIE bisl snlsled :. An srt - inrnrreFsis
he suhsrrihets "a lie fisrtl Bsnk 81 he
Unfsd SaA,es." uhirh sais.naad 70 ihe
Srnair. has ben renlssi' a. b ne. siih
! sincere desire % rsnl0Im a.y acton N
regard 10 il 10 ,ha, q llsr i1o Hsusss 81
coreress. b. the eorlIlnllcn i i ma6e
ny culy sishsT 10 approve he hill hys'gn
ing Il. or n return II. wilh my .hjtrlluns.
10 lhr Haasr IN shlrh 4 eiiginaisd. !
cannot cansrienliausiy gre u ny ar
prevail. and proessd "a discharge he
duly required sl ne BY ne eers'i'p'lan-
10 gise M reasons fnr srsrpiasine
The pauer a Congress 70 create .
national hsak 10 opsrsIs PER &c over abe
Union. has been QnssllQn u dispute from
the niigin efouI G.sssrmenl. Mn masi
inslly ssd eeserstdiy esIes med laf their
high Ih'e.lscmrl snda~ msnls, their i'iue.
aud their pariel IN. have, in rgsfd %
il. euierlsintd different and conflicting
opinions. Congresses have differed. The
approval uf enc PsesidenI his bern a.
ln@ss hy me dlsar pIoysl Of sEo'her. The
reoi lp. ~ d,iT,n n, times. haze arquiesced
IN decisions b.Ih lnr and against. The
country las been. and snll v, deeply
sgitsIed BIS this unset led question. u
Will sufIier ior me 20 say. hat ny own
opinion has hecn uniformly proclaimed 70
be sgainsI he exercise 81 any such power
hy this Government. On al suitable
orrasions. during period ~ twenty hss
years, the opinion thus entertained has
hecn unrsserssdly ssprssssd. ldsclarsd
il in The Legislature &c nv neil,s Stale.
In The Housr III Representatives ~ the
United States u has been ops MY sindicsi-
Ell By me. In the Sen &c Ghamber. in
lie prestnre and hvsrirg ~ msny Who
are a. ibis Iime ne nbers Of lha' body. u
has hten affirmed aud resilirmsd. IN
sfeeches and reporls iLefe made, and By
srirs there recorded. IN popular asssIn-
blies ! have unhrsii.'irRly snnounreJ ~;
aud in Tie last public declaration whlrh |
made. snd thai but short tine belnre the
late presidential eleciiaG, | referred 20
my presIausly-expressed opinions a. be-
ing those lh,n entertained by ne Wnli
a full know ledge Il The op.niens thus en-
lrTtained. and ue,er roheeal,d. ] WIS r
lecled BY lhr people Vice President q the
United States. BY the urcnrr.nce Of .
contingency provided for by tie eons,nu
lion. and ati,ing under IN impressive die
rensatium III PIot idence. 1 succeeded 10
lie presidrnnsl Office. Before entering
upon The dunes 81 thai ollicr, l tonk an
oath thar sonId ..preserve. protect. and
OFFEND the cons,i uliun 81 The unued
S,slrs." Entertaining The npinions 81
luded 10. ard having taken this GA h. the
Senate aud the cnaniry vii see lhal !
could not give nv sanction To measure
4 the character described. wilh"u, sur
rendering al claim In The respect ef hen
orable mrn--all cor fidenre on lie part 81
tie peotle--sll sslf.rsspett--aII regard
LOT moral aud religions obligations; aI,h-
nui sn nbssrrsnrr 81 whrh 40 Cavern.
mSnt can be prosperous. ard no Ienvls
can be happy. II Would he 10 commit q
crime WHICH unulh nrl wilfnlIy r0m-
nit 10 gain any vsr'h!y trw.td. and
whirh would justly sutjreI ne In tie sid,
cUls aud scnin ut all sIiu"hs men.
| drem IL enIirsly unnecessary at hi,
time 10 enter Bpan the TeAsnns " hirh have
brought nv nInJ To Ih- cua, ic,inns fee
aud entertain an dis subject They have
been over aud over again repeated. i
some of those who have preceded me ~
this high rilice have entertained sn,
svowed different opinions. yield all con
filence lhs, their convictions were sincere
claim Only iO have The same messur,
melted out 10 myself. Wnhoui goirg iur
Their INTO the argument. | will say that. u
looking TO the powers IL thus Gosetn
meul 20 c"Ilrc,. sally keep. aud ,li.bnr.,
tile public Iesenne, aud incidentally Q,
regulate the eormrrre ei.l eAchlnge..
have NIL heen ablc IL .atIsly myself Iha
The estahli-hnc.tt BY this 6nternnenl q
q bank ol d.sc,,u.I. ~ .ilr ordinary aecpp
taiIon OF tlial term. wgs 4 nee, ss.ty means
~ nue dsmatdrd hy prnpneg,. 10 ex, cul,
ih"se pnse,s. Nhtt ran ne hrai dis
counts al he hsnk have TO do suh III,
collecting. sair krrrIng. and di.bnrsin,
II the resenuf! S, lar a. the mrre dis
counting al paper Is cunrerirJ. Il j. QUIT,
immalrtial ~ this qUe.IIon whether III,
discount u obIaiped III state bank af
Uhi cd State. b.nk. They are both equal
~ .cai--bn'h beginning al b",h ending
IN local Accommodation. What min
ence hAse loral d scuunts. granted bv al,
inrin al bank. IN The regulating oil the eur
'enry aud the exchsngr.! lie, the hrs
tnry If the late Uniird S'alrs Bank aid III
IN answering this inquiry.
| f"r several years AFTER The establish
ment "f that 'in.untion. il dealt aln>s
exclusively in local discounts; and during
that Perio,! the cnunIrv was, for the mo.
PIT, -di.app"inied in the consequence,