Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-07-31

DTThe 81. Louis Daily Gazette, the edi-
tor of which is one of the most cool and
far-seeing Wings in the country, but whose
paper is neutral in politics, discourses thus
sensibly in reference to the pertinacity
with which Mr.. Clay stands out and against
the compromise proposed by the States
Rights section of the administration:
ut is the opinion of many friends of Mr.. Clay,
that he has not displayed his usual tact in this
movement. II must have been well known to him
that the State rights men in Congress and in the
Executive department, whether wings or not,
would oppose the establishment of branches of
government bank in some of the different States of
the Union without their consent, and it would be
ia better that they should not established at all in
the opposition States thdh that the State govern
ment should oppose and make war on them after
their establishment Twenty Of the States includ-
ing all the principal commercial points in the
Union, with perhaps one or two exceptions, would.
doubtless, be- in favor Of the location of branch
within their limits At Charleston or ST. Louis,
branches of deposite could be established without
asking permission of the States. Among the ar
;guments brought against Mr.. Cay's bill, it has
been remarked, that it is the temper of all who
love their freedom and value their sovereignty, to
resist the assumption of power not for the practical
results but for the principle it implies, and the
croachInent it ventures. Hence, however desirable
might be the Branches of the Bank in States which
do not accede to the constutionality of the nstiu
tion, assertion of right to introduce them
without regard to the oppositisn of the States,
would be sure to kindle the States to repel the
Branches invasions of their exclusive dominion,
aud al! considerations of interest would be merged
in contest for principles. Approach the fastid-
ious States, however, with comfy toward their
views and to all points of asserted sovereignty,
and that will be conceded, which never would be
Welded 10 under peremptory dc,ation. And so it
would be with the Branches of the Bank, If, ON
their own domain, they are unceremoniohsly
planted within the territory of the States; while
on the other hand they will be welcomed, and the
interest of the people of the States may then alone
be consulted, if the Branches wait to be invited,
or claim to abide no longer than they shall be ac-
ceptabls--all jealousies will be lulled, every re.
quirement of State pride will have been grutfed,
and the question of erPedteney will be treated and
will be passed on by tllese-the psOple--interested
in stable currency. we'll regulated ITSELF and reg
ulatng all other coordinate CURRENCY. All the
States will be then prompt to provide themselves
with such defence and resource, and give it free
agency, unembarrassed by taxation ur any annoy
ing legislation. Can any one believe that New
Yorh, for example, will repudaie Branch Bank,
while on either side OF her, Boston and Philade!-
phia are enjoying pecuniary accommodation and
power, which may be fast aggrandizing them into
formidable rivalry with the Imperial Metropolis
Nothing then but assumptions of power iE the char
ter which may gall the State sensbites and i'm
,uinge upon the speculative frame OF State soVcr'