The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-01-13

Of performing an act, must, according 'o,
the dictates OF reason, be allowed to se-
lect its MEANS" and any exception must
be proved. The doctrine leads 10 the IN
evitable conclusion, that Congress is su'
preme. 1t must raise an army, conscrlp-
lion is a means, therefore you must show
that it is prohibited. 1t CAP borrow mo-
ney, therefore it can incorporate comPa'
nies, and great monopolies within the
States, to obtain bonus" 1t at once
breaks down every barrier of the Consn-
tuition, and makes the United States
consolidated nation, for of course, the
States cannot gainsay what the United
States select as means. Had such
doctrine been uttered by the dying breath
of Washington, it would be our duty to
challenge it, as treason, 10 the sovereign
ty Of the States. ..:,tF.;..r.,rc
Your committee conclude, that the un-
compromising history of the Democratic
Administration to national Bank, de"
serves our most cordial appreciation; and
that the adoption of that measure, as
leading and fundamental principle of the
new administration, stamps it indeliby, as
in its very essence, the legitimate expo
nent Of Federalism, and calculated TO in
flict upon the country, lasting misery and
ruin.
Your Committee consider the Indepen-
dent Treasury as strictly in accordance
with the Constitution, and well calculated
to place the commerce, manufactures, and
agriculture Of the country upon pcrma-
nent and prosperous basis. Bywithdraw-
ing from all connection with trade, it
leaves the Banking interest to be regula-
ted by the States. BY collecting the Re-
venue in the coin Of the country, it nei-
thcr opposes nor fosters these institutions,
but leaves them 10 be estimated by those
who deal with them. If their notes are
equal 10 specie. those who possess them
have no difficulty in converting them into
money when required for duties. If they
are,not equal to money, and the United
States ought not to receive doubtful pa.
per in payment Of debts due to the pnblic,
There would have been no outcry against
they collection Of the Revenue in money
but from the consciousness that the bills
of specie paying banks are not as good as
specie. A specie paying Bank to-day,
may be suspended Bank tomorrow.
Returns and Exhibits have proved no
security. A Bank which is guilty of
fraudulent issue Of paper beyond its ability
to redeem it, will hesitate little to conver
that fraud by false statements. When
we sec the largest Bank in the Uni1n and
once graced with United States charter,
circulating the bills Of an extinct inslitu-
ton, based on no capital, what confidence
can be placed in the mere integrity OF
Banks, or the fidelity Of their statements!
1t then results, that either the United
States must guarantee the continuance Of
the solvency Of the Banks, OF the persons
who pay the duties must ascertain it by
the actual exchange Of the bills for money,
a proceeding which can cause no difficulty,
except where the Banks are really not
deserving Of credit.
The right TO lend money collected as
duties or taxes and thus convert it into
notes under any guarantee, is in conflict
with the letter and spirit Of the ConstiIu.
tion.
The next general feature of the admin
istration of the present Chief Magistrate,
deserving the cordial appreciation of eve-
ry slave holding State, was the deter
mined policy early avowed, to withhold
his sanction to any measure impairing the
reserved rights Of the South, in relation
to her slave population. While we feel
an abiding confidence in the readiness and
ability of our State 10 protect its rights
by thoes means which God and nature
have accorded to us, and never doubted
the noble spirit and elevated patriotism Of
our citizens; to meet any emergency. and
repel any aggression. and are resolved
not to discuss rights which we permit no
one to question; we must cordially ap.
prove that faithful and just adherence to
the Constitution, which will save our citi.
zens of other States from endangering the
Union by their folly and fanaticism, and
involving themselves in conflict that will
not be abandoned us long as Carolina has
one faithful citizen left to die in defence of
her integrity as State, her interest or
her honor.
Your Committee unite with the Execu-
tive in amazement at that delusion which
could induce any Southern State to aban-
don an administration which adhered most
faithfully TO the doctrines which they have
struggled 10 maintain since 1900, and ha-