The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-05

49, N-saN
mgnt, ands ii he eznnot give Up ne 60
pscallzr opinion, 70 leave - N he uadls.
DFbsd enjoyment Of or lOng cherished
e0nEiciions.
He thinks indeed. that he Bank power
Is . question not % firmly setaed, BY
repeated decisions. = hare supposed 4
70 Be. Why, sir. hov Stands the natter
Tweny-seEen years go. Mr.. Madison
considered and treated i'm a seihedq nss-
loa. Aflsr thzi . new Bank Of he
United States was established, which
listed twenty years. During is exisirsce
two decisions Of the supreme Court Of
the United States. lthe Bank with The
State 0f Ohio and cCnllOugh %. Mary
land. involving the taxing and penal
powers Of the states, one, II not both,
unanimously pronounced, affirmed The
existence Of the power. InCongress, in
1881. bin passed By considerable ma
joriiies % recharier the Bank. Pablo
opinion. in all the various modes OF rs
manifestation, in Legislative assemblies
and in popular meetings. has proclaimed
the eonstilntionaliiy and expediency Of .
National Bank. Il i not true that The
reelection Of Gen. Jackson was decision
adverse to the Bank power. For. in his
veto Of the recharter. he admitted the
utility Of a Bank. and stated that, If APP
piled 70, he could have furnished plan.
lie was voted Tor. therefore, BY large
numbers. in my personal knowledge be
was BY many, under = full expectation
that. IL reelected. National Bank would
be established. In the case Of Mr.. Van
Buren's election, the single question Of
Bank or no Bank was not fairly put in
issue. /, was mixed up with others; and
one, IL not two Of his competitors, were
not understood to be Internationally in
favor Of the power. -
II has been argued that we must IN
corporate this amendment in the charter,
and pass il in that form, or we shall get
no Bank; and illusions have been dis
tinclly made 10 opinions entertained else
where. | do not think that il Is compati-
bic with the respect which is due 10 the
Chief Magistrate, or to the dignity and
independence OF the Senate, 10 make
such illusions. Whatsyerinferences gem
lemen may have felt themselves at liberty
N draw, am perfectly confident thar the
President has given authority TO no one
to say how, in given contingency, he
would act. Such gratuitous intimation.
in advance. on question ofsuch delicacy
and difficulty, | think am not mistaken
when | say, his sense of official propriety
would restrain him from making. And
my confidence in the patriotism and honor
of the President, and in his devotion to
the cause which brought him into power,
is so great, that feel perfectly persuaded
that he cannot fail 10 look at any measure
which Congress may mature and present
TO his consideration, with an anxious
desire, If he can, TO conform his judgment
to that of the legislative department. |
viii nos, for the reason already assigned,
advert to the facts and circumstances on
which indulge hope, and from which ]
draw differences vafiant from those which
have been expressed. ~.-,
But. SIR. - II quite certain hist such. q
Bank as The Senator frnm Virgins would
alone make is really better Than no Bank!
All must feel tia, The Bsuk Controversy
hss had sufficient dursuon aud sufficient
bitterness. II should be The desire OF all
10 see II terminated. and hsrmnny onrs
more restored, If.nnt forever. II least for
period Of twenty years. PAS al old
fashioned Bark, with only such impruse.
meDis IS experience has clearly demon.
sltsted IN be necessary: such Bank as
The people want and demand; such % the
COMMITTEE have repaired. and ! believe.
10 less than six months. that we shall
have on This suhjecI tranquility and AGO.
essence. For. sir. notw outstanding threats
by our poltncsl opponents to s,temp, 10
repeal charter, passed by majorIIes ac-
cortIng 10 all the requirements Of The CON
strut n. dn not believe that If il should
pass. they are going before lhe intelligent
people Of the United Safes upon such d
qatssinn. | think their sober second
thoughts will restrain them from making
such an appeal 10 The moral judgment Of
mankind. But, il they do, II IL rmpossi
bic for me ~ doubt The issue Of .uch d
contest
Are We sure tia, II We pass a Bank.
whose operations are wholly dependent
upon the separate movement Of lwsny.
xix 5 ates, we shall secure the deslreJ
repose. fear not. | lear ,ha, such IN
Institution wall be but tie carnu,encsm ehi
If nur Bank troubles; be but the vssnbuie
OF the Back controversy. We shAlI
throw among the people new apple ol
disrord. Al The I'D rrejadices sgsinstI
Bank will be revived. aud they will be
aggravated aud augmented by The new
questions aud new issues with WHICH this
periloas scheme is surrounded. Cen pow.
er be derived 10 The General Government.
directly OF indirectly. by the consent ola
S'atel Shall the States consent TO the
admission Of branches! With or with