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

hsak wss. or she 6fsl ume. sianedf
Hare xs taken IA step towards a. Gael
de'erminstlasl Cen u b.. - TIE S0na
seI IRON t,sginis has suggested. thai . Il
10 yeI an unsrsilrd and open question:
and 10 q desiinee Iarrser go remain 20
The public jadgsssnii'
Sir. ~ilh 81 the Issperi Coz The nrin.
ions &C grullrmsR. en- enmpsllrd 10 say
iha'. IN my aPiniaa. sarh deelrns 10
subsrrsise II great prinsiplss elassly. con
neeled With the dur bilay Of ihe consli.
iu.ian. n ihs constitution al iss eoubl
lnl powers can nessr be sslshllshed by
precedent. ihsse poxen musi esnunue 10
be dangerous sources Of collision between
ihr departments al Gasefhmenl. and a
.g.ialiOn &c The PnbIlc mind. Yau viii
haze 40 landmarks 10 guide you. bur ihr
fss specific powers Which are granted
IN The consuisiion All else j. liable
70 perpetual 6aclOalinn. Nnlhina j. az
esEained---nolhlng ssulet-excrpi shsl
the Constitution in terms has asceIlsineJ
and sstlled; and Jour Gnsernmeni, in
Stead 81 being rystem Of well. adjusted
paris. ar system susceptible Of adjust.
ment by frequent Ttcagnrions Of its con
lrsied powers, 10 a mass al lanse and
flosiing elements, Ihrea.sulng ineesssnt
Is us osn dissolution.
SIR. such cannot be The true principles
Of The Constitution 81 The United S.sles;
aud in supPort af what say. appeal 20
the ap,nlons Of men. whose ssg.clous and
wise eonns,ls hare In other tunes exert
I'd . saluiary influence over lbe minds Of
their cnnnirymrn.
In the CONFUSION Of an able official let
ter on The subject al snaii.nal bank. i'd
1 STRESSED 10 Mr.. Crawford. on the 3Oll
January. 1911. Mr. Secretary Gsllsn
; I'm thus spoke.
"Ihsve mi adrciied to the question ofcon
stiiuiiona'iiy, which Is mol subject Of discus
sinn for the Secretary Of the Treasury. Permit
nis, however, for my own sake, simply 10 state
that the bank charter having, for a number u
years, been acted upon OF acqnn seed On AZ II
4 constitutional, BY all the constituted sulhori-
ties Of the nriInn aud thinking myself the
use Of the bank " be At present necessary for
the exercise OF the legitimate powers Of the
/ General Government, The continuation OF the
Bank Of the United States has not 10 the view
wh,rh have been able iotake Of the subject
appeared 10 inc 10 be unconstitutional"
Me-. Dallas, when al the head of the
Treasury Department, vas sill more ex.
rl,cii. aia making a proposition forrhe
es,ahllshmenlof a nailnnal hank, he said,
IN a communication 70 ME- Eppss. on the
! i7ih Of October, 1914:
~ cannot be iuscnsible To the high an,ho
riiy Of The names which have a2pcarsd IN op
position Ia that measure on constitutions
grounds. u would be presumption To eonjec
tare that the sentiments which actuaicd th,
OPP osiiion have passed away; and yet IL w"uis
be drnyiag 10 cxpe'icnce q great practical adj
vantage were we 10 suppose that difference
&c times aud circumstances would not produc.
corrrspo ading difference il the opinions o
the wisesi rs well as the pnrcsl of men. But
IN the prrsrnt case, a raangr at private opin
i'm is not material To the success Of the pro
| position Tor establishing q national ank. Ia
the adminisl, a!ion Of. human affuTs, there
/ must be period when discussion shall cease,
and decision shall become absolute. A diver.
siiy ,fopinion may hnnorably survive the cou.
test; hut, upan the genuine principles pf a 70.
| preventative govern meat, tic opInIon 81 ma.
jiIiiy can alonr be carried into Rstion. -
When, therefore, We have mark cd the exist
cnec of national hank. inr period Of twenty
years with all the sanctions Di the iccisl aiye,
executive, aud Judicial authorities; when We
have seen tue dissolution 81 one institution
/ A 4 A e.
| tablishmcnt OF another, when, under these cir
cumslanrcs, neither Congress nor the several
States have resorted TO The power ct amend
mcnt, can il be deemed violation oi the right
of private opinion q" consider the constitution.
ally nf o national bank as question forever
settled. and At ,es'f'
In Justice, Mr.. President, to the homo
rable Senator from Pennsylvania, / can
not pass without notice, in this connex-
ion, the strong opinions Of distinguish
ed member of the political party to which
he belongs-I mean late Secretary Of
the Treasury, Mr.. McLane, Of Delaware.
He was, at the period when those opin-
ions were delivered, deservedly high in
the confidence Of President Jackson and
OF his party, as is manifest not only IRON
the position which he held in his cabinet,
but from his subsequent appointment to a
most important foreign mission. On the
9TH December, 1881, when the people Of
the United States, without regard to par
ty differences, were full Of anxiety on the
subject of the bank, Mr.. McLane trans
mit,ed to Congress his annual report on
the finances.
After adverting to an ordinance of the
Congress of 1871, convened under the ar
tieles of confederation, Incorporating the
Bank "a North America, and TO the aid
afforded by that institution to the colo
MES in the war Of independence. he pro-
ceeded to say.
"The authority Of the present Government
10 create an institution fat the same purposes
cannot be less clear. II has, moreover. tho
sanction Of the executive. legislative, aud Ja-
diciaI authorities, and a majority Of the peo-
ole of the United States, from the orgsniia.
lion of the government to the present time.