The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-08-19
DEBATE m THE
House or Representatives.

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On fke billie incorporate fks Fiscal Ru.k
n effhs Uaifsd STATES.
August Q. 1871.
/ Mr. SAUNDERS. Of North Carolina.
said he was DOT wiling 10 suffer , bill
Involving questions 81 sarh vital import
amer ta pass. without an rffor on bic part
70 expose lis true features aud lis alarming
chsrseer. He agreed with he gsntIrmao
rum PenHsylsanis. (Mr. Sergssnl.l ih.I
Nj The preceding mea,ufss Of The session
suuld he comparatively Insignificant.
should ihis bhl isIi. Their effects might
BE bmpsraIy, and ell the evils ihey
ofcasionsd easily rsnedisd; bulshs eff.ris
Of The biii on the table we're az widsf
saIebs and more enduring character. II
}. would moi do for is adsocsles 70 msinisia
lha che power 10 charter . bank Was .
seilled question. The question vas "a
Be sesiled now, and another feature wss
10 be added 10 The consultation. never
Contemplated by iis trainers. but, aa The
eoniray. expressly Iejeeted. All ihis
vas 90 be done under the plea oi.necessi
". Some other argument Tor II must be
: given Than that The question was settled.
How se:iledi BY whomf Who an
ihorzed them 10 seille The question fsI
~! To Thick for usi lihad been settled
by Legislators. Judges. and Presidents,
wiIh whom We Of The present time had
noihing 20 do. In addition 10 winch. 4
sss said 10 have been confirmed by
public opinion also. II. indeed. al IN.
alleged deeisions could be established
. high case Of authority might be mad,
out; bot closer examination would show
that Tie power had been denied and IL
rxereisssepesledly condemned. II wa
True that Congress, in 1901. did charIe
, a bank--,hai the question Of power ha,
been discussed-and that some member
lof The convention Who framed The con.
siiiuiion bad also been members Of lha
Congress, There were nine of them
and abile Eve we're Tor The bank, fou
!. had been against il; the weight or ialen
being confessedly with The latter. Amonl
the opponents bad been the illnsuioul
Madison, whose speech on that occasion
was read. admired. and studied TO iti
hour. Under sll the circumstances. Mr.
Saunders did moi consider this scl o
Congress as weighing so much In ih'
argument 40 IL appeared to The genilemal
RON Pennsylvania (Ms. Sergean,) TO do
The government was just going iat
operation. and The bank Was an expert
ment. In 1911. Congress came 10 q
important decision, which the genilemal
from Penn.yiSania with his usual tact ha
: entirely passed over. The constitution
question had been raised aud extensively
discussed. Could IL be maintained ihs
4 jefferson and Madison considered On
! question ss settled! They had "a majorit
! IN Congress in 1911. and ye, in that Cor
4 gress The question was raised and decide
I against The bank. Anew bank was char
tered in 1916, but then the circumstance
we're such tina, the constitutional question
! was not raised. The bank was charter
I, ed from necessity. and under duress
Nothing was then decided but the ques
lion Of expedieDcy. So. in 1882. whei
the bank had ye, four years to run. Thei
came the political revolution Of 1887
, The question Of bank or no bank Ia,
been raised during the election Of Genera
>, Jackson. aud again in the canvass oil Mr.
> U.n nn.an .cI h,,b ,,c,a. ,fan.Ha.
against the bank BY an immense msjority
This was an off.et 10 the authority o
those decisions which were claimed OF
the other side. So much for the legisla
i've action on the constitutional question
Then, US 10 Executive decisions, ths
name Of Washington had been used viii
: great force; but LEI il moi be forgot.er
with how much hesitation that great mar
: had signed The frs. bank bill. True. Mr.
jefferson had signed bill for the New
; Orleans branch, bu, then the bank wa.
ALREADY established, and the opinions o.
his whole life had been expressly opposet
10 il. II had bsen said that Mr.. Jefferson
; would have signed bank bill ifpresentet
To him. But how could this be Known
i, was mere conjecture. Mr. Madisor
ihsd also signed . bill 10 1916. bot hi,
arguments in 1891 still remained On
answered and unanswersble. The cleo.
lions Of Jackson and Van Buren, wers
strong expressions rf popular opinion
sgainst the bank. And go, indeed. wa.
that Of Gen. Harrison, Who had given az
express opinion tha, Congress had o,
lpower 10 charter bank; who bad solet
for Mr.. Johnson's resolution TO issue |
scire jacias and even to repeal The charter
: wiihou, IT, And as to The opinion o.
President Tyler. il was known 10 b.
decidedly sgains, the constitutional powell
. of Congress to establish bank. The
weigh. Of Executive opinion. therefore
llay on the other side.
Mr.. 5. mex. proceeded TO exsmine The
Judicial authority in favor Of bank. and
he insisted tina, the decisions Of The Su