The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-04-08

pended specie payments, and transmitted
hundreds of millions Of dollars for the Gov.
eminent without the loss of one cent
Let us have a National Bank, with the
credit of the Government attached 10 its
paper, Bank which will make It's issues
equal to specie in every part Of our Union,
50 that five dollar note IN any one State
shall be Of the same par value in ever, 9TH
er State. | am, therefore, fellow.citlzens,
IN favor Of wel-regulaied National Bank,
to be chartered By Congress, with proper
and efficient restrictions, to be subject to
the heaviest penalties for every violation
of its charter, 10 be under the supervision
otthe peoples representatives and the stock
to be owned IN proper proportions by the
Government and the Citizens OF the Uni
ted States. Y could not in the limits of
this Address 20 into all the details of the
plan. They must necessarily be left TO
the wisdom Of Congress, and ii is not I'M
reasonable to suppose that with the i'm
proved knowledge and experience We have
on the subject, such an institution could be
erected as would certainly enable the q O.
yernment to conduct lis fiscal operations
with safety and ease, and furnish to the
people sound and uniform currency, and
al the same time, avoid the errors and EN-.
barrassmentS into which we have hereto
fore been tempted, and remove the obee-
tons which were supposed 10 exist in the
details Of previous charters. Felow-citl-
zens, National Bank is the plan | advo-
cate, and the remedy on which think we
viii be compelled 10 rely. Let those who
have better plan or remedy say what it
IS. The State Banks, have not, will not i,
cannot answer. The Sub-Treasury has
been condemned by the American people
and viii certainly be repealed. Besides
the Sub. Treasury proposes 40 relief TO the peo-
ple,-snd IS intended for the Government alone
Il makes odious distinction between the Gov
eminent and the people, giving &c the former, the
servants geld and silver, and leaving the latter,
the masters, TO the tender mercies OF the State
Banks, and irrsdeemablo paper money. was
opposed 10 this difference when the late Admin
ls,Eaiicn was in power; | am opposed to II now
when nv political friends are in power, and when
II WORKS tor their benefit What then can We
% what other resource is left but TO return to
The measures Of " ashington, and Madison, with
such Improvements on the subject as our subse-
guent experience viii enable Us to make The
first National Bank was chartered BY the FIRST
Congress under the Constitution, in 1871. and
was signed BY George Washington and contin-
ued % years The second National Bank " as
chartered b. the republican party in lol6 was
approved BY James Madison and lasted 90 years.
The Bank OF the United States Of 1876 was EN-.
phatcai.y republican measure; and was oppos
ed BY the FsGerslsts twas advocated by Craw-
ford, Dallas lowndes and the whole republican
party that supported the War, and was signed By
the great leader Of the party Hr Madison. II
s a notorious fact that N y. c., every member
Of Con gress, with single az cepton, tho belong
ed to the republican party and was in favor Of
the War, voted for, and was in favor Of the
Bank o: the United States, while the Federalists
wsre opposed IL II. Yet 10 those modern times,
i has become the interest Of political leaders op-
posed 30 Bank to dohounce tue advocates Of
sqch an Institution, intended for the benefit Of
the people, as Fedeflls,s The Congress OF
ls3@, By large msjoritles IN both Houses passed
a Bank Bill and the then President declared in
MS Veto mssssse, that bis objections srre 10 Inc
details and t. the propositions to re-charter the
cid Bank but sad Il he had been called upon,
be could have furnished plan Of Bank that
would be both constitutional and expedient.
regret that the question Of The currency should
ever be made party question. Il IS calculated
70 mislead and deceive on vital matter by CIV
ng false eolouring to things vaich are called
BY false names. If orr honest convictions ZIP.
prove such al Institution as National Bank, .or
the purpose Of checking the excessive issues Of
ihs States facilitating exchanges. aiding the Go
yernment and beIefiing the people, 1t is our da-
+ y 10 gre support to those IN power whe are will
ing 10 establish i on q proper 51-is.
( Iei.ow-cltizens, | am a republican IN practice
as vel a. profession And with the authority of
such names as Washington and Madison and a
host Of others, good and true, who are and have
been IN favor Of a National A4ak, II matters not
wth the sober Judgment Of reasonable men b.
what names the advocstcs Of such an institution
may be called, Truth 10 mighty and Will pre-
vail" and that spcn q Bank al some period, Rill
nave 70 Je established 10 restore to the hns
cial operations Of the Government and prosperity
10 the people, ! have no manner Of doubt.
Another grea! question deeply interesting u
the American People which will claim the at.
.eGtion Of the next Congress, is the subject OF
the Tariff. The chief source Of revenue for the
support Of Government arises from duties or tax.
IS laid on foreign goods brought into this coun-
~ BIZ the great Compromise Act, as i is com.
mOuly called passed IN March, 1893, the duties
are gradually reduced from the nigh rates then
existing, and amounting to pro ectlon for dones-
tic articles Of q similar kindJ until the LIST day
Of July, l-i2, whom the uniform rate Of duty ls
% be established to be not exceeding 20 per cent
ID yalorem. The articles On which duties are
lad are mentioned ~ the Act. and they are mostly
articles Of necessity, used by the great mass OF
ne people. II IS also e1 presslv provided in the
act, thai IN tie event Of a deficiency Of revenue
10 NEE, the actual wants Of tie Government, Gu.
ties may also be laid on articles then free of du.
y; and these are chiefly articles Of luxury, such
as wines, silks, l4ces IsweIry &c, &C., inpor-
ted from foreign countries INTO our own 20 that
the duty on zach does not also exceed 20 per cent
on the value. Ogrrcvenus IL deficient and Urea.
suFy notes (Which is but another name for loan
have been issued time after time, TO The extent of
many millions, to pay the enormous expenses Of
, re Gsuer.l Government We are nov in debt
! ,Ssiwecn ten aud twenty millions, growing out
; ~ remainder Of the issues Of those Treasury
80, pad other liabilities Of the past Admins
81 which the present viii have 10 make
p .o,.,r 10 preserve the honor and credit Of orr
n r-or,.s. \ By Inc operation Of the said Com