The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-11-25
=. THE HISTORY OF TIE UNITED
mn n

UI oAAl0u 81 Tue lttStlStlt uI il.t D1ut
Bill, gives an interest to the subject which
authorizes Us IN taking on historical yies
OF the question, aud making a scrutiny o
the political character oil the advocates anc
opponents ct the measure, from ITS iucep
tion, ard during Its progress to The present
ilme, We have therefore culled from pub
iic documents, speeches and congrossiona
Debates all such facts as we deem Of int
rest, IRON which facts II can be .ncontro
Veribly established that the FIRST and eve.
ny subsequent Nauoaa! Bank were the
work Of the Republican Party, and to
ascribe the measure to the Federal party is
an error and peryetsion Of the yeritable his.
tory Of the Institution. A Uaned States
Bank, monster as II NAV be, is 20, the
spawn Of Federalism, bI. the legitimate of
spring of pure democracy.
The Ersl project Of National Baah was
Submitted BY that eminent faaucIer Robert
Morris, 10 MAJ 1881, 70 the Congress as
sembled under To- articles 81 Confederation,
Which articles Of Confederation conferred
less power upon Congress, Than exist On
der our present Constitution. The bill IN
cooperating TIE first National Bank, under
the style OF the Back of North A.aeuca,
was passed N Decembe ISL, the pream
bic continuing these significant words,
whereas the exigeucles Of the UuIted
States render 4 ladgpensably necessary that
such an &C, be Immediately passed Act
ing under sn exigeGcy 10 sAca q Nauona,
Bank had become necessary, these vlrtu
Gus and patriotic founders OF our govern.
meni did not hesitate 10 Incorporate Bank,
which they deemed lie ouly eitietent rene.
oy Tor existing eylls. Leyeu States were
represented ~ thai Congress, and upon q
collateral bgt test question, oil these eleven.
nine, VIZ. New Hampshire, Rhode Island.
Connecticut, New Jersey, Maryland, y!r
gina, North Carolina, South Carolina and
Georgia voted or the Bank, Massachusetts
voted against the Bank and PENNSYLVANIA
was divided. The above States were re.
presented by twenty ivu. uem5 sts, Of whom
twenty voted 10 tager Of lie BAnh and four
against il.
Our preseGt Constitution vent into opera.
ton on the 4th Of ilarch l7s9, and one Of
the first acts Of those great men sho fran.
ed that instrument and who iousht lie bat.
ties Of our Revolution was 10 establish 4
Nahonai Bank, On The 81 of J.nyarv
l79l, Bill to establish Bank OF the [.
States, was reported % tho Sena!e-tAe
bill passed the Senate 90 the 2G.h Of the
same month The yeas and nays we're mol
tasan 90 the f8al passage, but UPON a test
question limiting The duration OF The char.
Ter TO ten instead Vi thirty years-lG we're
III favor OF the Bank and 6 AGAINST The
Bank. In tie House Of Represeulauyes.
the question on The tiua passage Of the Bill
was taken, on the 9,a Of February 1871.
aad the vote stood, yeas so, uays 20. Al!
who are acquainted With the history Of the
tl0es, Til bear 10 mod, that The hne Of
formation between the two GREAT p,rties
OF tedera!lst and Republican vas not drawn
until tho latter part IL Gen. Yashng,on's
administration. Il is therefore impossible
TO make auy accurate political dlscrlmina
ttoa between ne individuals Who composed
that Congress, but Il their subseoueu,
course be regarded as any criterion OF their
political principles, ue may With good rea
so1 infer that the Bank BIZ of 1871, vas
Republican and moi a FederGl treasure
II appears o. the authority OF Aefkanul
bacon, thai Of those - b voted ID favor of
the Bank, eleven were Republicans 10 the .
struggle Of party aalch subsequently occur. 4
red, and Of saoso 10 voted against the
Bank, SIX were Fsdsrals,s-aud amopq
these pFimtig0 republican Bank men. ~
Ead the names Of Gtf,ner, Muhlsaburg and
the republican Wee PfpsIaeal Oh the I'naed
States E.jnt2e Gerry. There is another
connected with IBIS Bank bill,
tie FIRST passed uader tue Constitution,
vh:ch IS deserving Of all combination
he tine when lhs Congressional decislea
OF the question OF the c0ustl,utiouaIty 81 the
measure was made, end ihe character Of
the lcdlyldg1ls by whom thai decision was
made, give to il a sanclIty winch IL the es
q Inc American people - desery.
Iog the G.1st feYe eafial observance. Who
Qae qees'lon may With pr3pileiy be asked
uofe capable d iadslng auglt the gfsa,
Charter Of our Liberties. thau those Who
we're themselves The authors Of ~ Cpou
whose jadgmea: ca1 we Wuh equal SAFETY
fe!y, than those pure spirits who wIh the
good Of posietiF At heart, were the legs
alors OF their c5cDity, and not of a party
10 The Congress of 1871, there we're lG
members Of the Contention Which formed
he Constitution of the Uaaed States. ort
these sixteen, ten voted f.r the Bank and c
Fix agslns; II. Lei il also e. borne IN n.sd. +
hat George Washington, the Pes den, Of 8
hs Convention, afe7 naigre celebration J.
lad consultation With Cabinet. composed
i such men as J-fFsrs3u. R.ndJlph and
Hamilton, signed the first Bank blll undo,
be Constitution. Taking these facts INTO
consideration, sc mcy ask me question pro.
'ounded By a distinguished member Of Con a
Iress, Wh0 cIa be more competent 10 ;
zee a just exposition Of the Constitution
ban thos' tcho frdued it, &c
The Bank If 1891, continued IN opera 9
ION until lsf7fTdbe term prescribed BY ils ?
barter. During tais period The validity Of
vas never once vaeqflouad M tba co,,.r, "