Mobile daily commercial register and patriot., 1841-07-02

MIR. CLAY AND A BANK-Henry Clay of Ken lucky is certainly oldpolitician. Napoleon in the plenitude of his power and at the head of his inyn- cible legions never fought for empire with more determined, energetic and dare devil spirit han does this Senator to rvet another bank monopoly the people of the United States We not charita- bles as to believe. that the dictatorial spiI with w,ich Mr. Clay is pushing his scheme arises only from patriotic interest in the prosperity of hIs try The political evils fths institution, MT. Clay E own strongly expressed opinions of those evils, and the palpabe personal interest he has in the esiab- lishment of a mammoth money power; all combat the idea of unmingled patriotism in his efforts. Mir. Clay is aboring not only create bank, but bank, but a bank of his ows-a cub which none but himsel shall have the honor of licking into shape-a bank which is to be acknowledged as his offspring, and upon the factitous prosperity of which he is to be borne into the Presidential Chair upon which he has so long and wstfuy gazed He has calmly surveyed the feld--counted hIs friends who can be ''hoped' and chopped Hot'' into subserviencv to his wishes he has numbered his foes, measured his own daring, and the power of resistance to his will in the Presi- dent, and has taken his stand. We have seen with what naughty disdain he has spurned the Constitu- t,onal qualms of Mir. Secretary Ewing-how con temptuously he eces the lines of defence which the Secretary supposed that his bunslins scheme had drawn round the Constitution, and thereby saved the scrupes of President Tyler; how boldly he rejects the idea that the consent of sovereign State Is at all necessary to the establishment of branch of this national monopoly within it's limits IL is with MT. Clay "aut Cesar aut niha.'' He will pass his bank in the face of President Tylers constitutional ples and dare him to VETO IT. pretty dilemma to fierce upon his accidency the President,
 As proper accompaniment to Mir. Clay's report and those speeches which will no doubt fall from his lips in behalf this monster; copy below some extracts from Mr. Clay's great argument against the renewal of the old charter of the Bank of the United States delivered in the Senate of the U s. in 1S11. Extracts from Mr. Ciay'S Speech against National
 Bank in lSll. f5J gE
 "This vagrant power to erect bank after having wandered through the whole constitution in quest of some congena spot to asten upon has been al length located by the gentleman from Georgia that provi sion which authorizes congress to lay and collect taxes &c In 179l, the power is referred to one part of the instrument; in lSll, to another. Some times it is alleged to be deaucible from the power regulate commerce. Hard pressed here Il dsap- pears and shows itself under the grant to coin ney. The sagacous secretary of the treasury in I79l pursued the wisest course-he has taken she- fer behind general high sounding and imposing terms He has declared in the preamble to the act estabsh ing the bank that 1t will be very codacpe to the cessul conducting of the national finances; will lend to give faclty tohe obtaining of ioans and will be roductipe of considerable advantage to trade and '- JJ.s.r, in general. E The power to char ter companies is not specified in the grant, and contend is of nature not transferable by mere in- nication. It is one of the exalted attributes oi sovereignty In the exercise of this gigantic Power we have seen an East India company created, welch bss'sasried idsaay. descat6i and death tiypisg
 ylH mIoph '-"' " V