Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1841-06-12


shall be ready to concur with you in the adop.
ION Of such system as you may propose, reser'ing
myself The ultimate power of rejecting any inca
'ure which may in my view of it conflict with the
Constitution or otherwise leopard the prosperity OF
the country; power which could not part with
even if | would, Int which will not believe any
od of yours will call into rcquisiion'
caruot avoid recurring, in connexion with this
-,tcct to the necessity which exists for adopting
,oinc suitable measure whereby the ultimate crca.
ION of banks by the States may be corrected in
future. Such result can be most readily achieved
t., the consent Of the States, to be expressed in the
iorm of a compact among themselves, which they
can Only enter into with the consent and approba
uan of tbs Government q consent which light,
N the present emergency of the public demands,
}ustifobly be given in advance of any action by the
states as an iniucemcnt to such action upon terms
veil defined by the ACT Of tender. Such measure,
,ddIessnc itself to the calm reflection of the States,
would find ia the experience of the past and the
condition Of the present, much to sustain it. And
is greatly to be doubted whether any scheme of
tnan:c can prove for any length Of time successful
hi!e the States shall continue in the unrestraned
'xo.e!ae Of the power of creating banking corpora
,3ons. This power can only be limited by their
cunsent.
With the adoption Of financial agency of sat.
'sfctory character, tho hope may be INDUCED that
the country may once more return to state of
prosperity. Measures auxiliary thereto, and, in
some measure, inseparably connected with its sue
cess will donbtcss claim the attention Of Congress.
Among such, a distribution ofthc proceeds of the
the sales of the public lands. provided such dstrhu-
ton does hot force upon Congress the necessity of
imposing upon commerce heavier burdens than
hose contemplated by the act Of 1893, would oct
as an eicicn, remedial measure by being brought
directly in aid of the States. AS one sincerely de-
voted TO the task of preserving just balance in
system of government, by the maintenance of the
States in condition the most free and respectable
ard in the full possession Of all their power, can
10 otherwise than feel desous for their emancipa.
ton from the situation to which the pressure on
their frerces now subjects them. And, while |
must rorudia,c a. = measure founded in error,
and wanting constitutional sanction, the sligh;es,
approach to an assumption by this Government of
lie debts 9. ...c States yet see, in the disri-
button adveried 10, much to recommend it. The
comlads letween the proprietor States and this
Government expressly guaranty to the States all
she benefits which may arise from the sales. The
mode by witch this is to he effected addresses it.
self to the discretion OF Congress, the trustee
fr the States; and its exercise, after the most
beneficial manner, is restraned by nothing in the
grants or in the Constitution, as loLg Congress
shall consr, that equality in The distribution which
,.l compacts requii,. In the prtsen. condition OF
some OF the States, the question Of distribution
may be regarded snG-lnlialIy question between
direct ard inj..a,t taxation. If he distribution be
uut made in sonc f'r:.. other, the necessity will
daily become more urgent with the debtor State:
for a resort to an oppltssye system Of direct taxa
lion. or their credit, and necessarily their power
and influence, will be greatly diminished. The
payme.t OF taxes, after the most inconvenlent ant
oppressive mode wi! 10 eXacled in place Of contr
buttons fr Tie most part voluntarily made, ant
the oicre comparatively unopvrcssive. The State
arc Cmphaticai,y the constituents Of this Govern
l.ent; and We should be entirely regardless OF tn
objects held in view Iy them in the creation of thi
Government if we could tc Indifferent to thel
good. The happy effects of such measure upo
al lha States wculd Immediately he manifested
With he deLtor states i vcu!d eject the relief /
grelt extent Of the citizens from heavy burde
OF G.1ert taxation which presses with severity OF
the lgtoling classes, and eminen,y assist in restc
Ii. the general prosperity, An immediate ad
vance would ,ake place in the price OF the Stat
secunals, and the attitude OF the States woul
become once more, as it should ever be, lofty an
EJECT VIZ s,a,es ll5orng under no extrem
pressure from debt, tie fund which they would d.
rive from .hs source would enable them To improv
their condition in an eminent degree. SO far :
this Government Is concerned, appropriations
domestic ol jrcs, al preaching in amount the rev'
nue derived from the land sales, might be abaI
doned, and thus a system OF unequal and 'heIeio
unjust legislation would be sustained by one dl
.penfing equally % al The members Of this conie
sIacy. WhcthCr such distribution should be maI
directly to Tie S,ates in the proceeds of the sale
OF in the fom of profits by virtue Of the operation
of sny fiscal agency having those proceeds as
basis, should such measure be contemplated
Congress, would deserve its consideration. n
would such disposition of the proceeds Of the sal
IN any manner pryent Congress from time 10 ilr
from passing all necessary pre-emPlion laws
tie benefit Of actual settlers, or from making a