The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-09-02


puseasss. G;onsEsss possesses - PoHeF
- rsndsr ne rsssl insiisnsblr. hai my
~ishdisw snd ressme - IL lsssafs. slsh-
oul any vi.laiion Of lhr rl'ghird faith q
he nslsoa. a. any itlllngemsni 81 vested
prsssle rights. Th%H. ear. ! all r'ai ~.
Pesl N he opinions sf he 5rsd. but q
he l,sing: and Eslrr lle Srnaior 70 an
sulhoniy higher. Il nav h. IN hss sstlm.-
sian, ihan ssea lhal II he lale Chief
Jassiee-l mssu he psssehl CHEF Jns''ee
- the Supreme Canr,. In = esisbFsied
reporI. cammpaira'edby Nc. fsn' 5. iron
lie ,ffeasury neparimsnl. 81 Congress, on
he "a Ilecsmber. 1881. ] read Ibis Ian
gnsgs:
.Ia parsanee a The rovsF reserved 70 Tie
Secretary 81 the TTssEuIy, b. he aei - tf'n
gfess rntiilfd An aes 90 int0fpaiaie Nc
sehsesibffs 10 iLe BsNk & The United States
hsFe 81 eeisd q - the "a Fnsiies 9. the money
81 tie Unisrd states si.ali MT Ne made ~ said
tack OF hganrhes lheletl, bal IN esliaia State
backs which lave been desiGnaird iol ihsi
pa,pase, AID nas Pras eed 10 lay hriare Ian-
z ELS the Fessans Nkith iEdpced ne 10 give
this order ard diFrrIioaa
lie then qunlss The sixtsenlh seciion'ol
Tie charter. lum which the power Of
removal was derived. and proceed:
at has hsca settled. BIZ rsaeslrd adisdiea.
ton, Ibai \ chatter .ssnIrt hy State 10
carparsii.n, lke lhal &c The Bank II the United
= aies. Is contract hstNern the soyrreigatt
~ hirh grants il ard lhe Stockholders. The
. tme PriurIpir musI Apply 10 chatter g sn'fd
~ she Ua,ird Stats. add. consequently, the
act iara, para'inE Tue hack i 10 he FcslFaef a.
a raairart hetween the United States, Of Tire
une part aud the sia. khuldeTs ~ tie oih6fi
and. by Lie plain terms e the contract, a.
contained IN tie sseIi"n above qnnief, the
sierkhalslsTs have agFt e. thai tie power r..
served - tie sFsFeiaFs sSsr ti,s deP" cites shan
no, be restricted 60 ANY particular coaiineen.
ei,s hat he absolute and sneandi'nnai, - ilr
- their iatesSsts a inE"iSed N the Tcmayal
The order, therefore, 81 the Secretary, direct
tie the pahi,e moicy 10 be deposited else
vhere ran. - no eseut. he regarded as Vim
laiton Il the raalTati with the slorAholdcJs,
nnI impair any rsht secured 10 ihem by tie
pharieT."
Nov. / submit. Mr. President. that The
Srnai,r from Pennsylvsnis is reckoning
wihout his host. Tie question al repeal
- not al npen qePs;Iun. and | lraSe HIM
To r,l.ese himself lr,.m Ihe weight Of lie
authority To which have referred 10 the
hrsl manner lie may. ~@=
A few wor,l.. sur. On This subject tn the
Ssnarr Irum South C-rolina. Mr.. Gal.
hnun In the iare nl bis pnsinan IN
lSl6--in ihe face Il he pnsilion 81 South
Carolina in ls2l--hr has declared, ~ he
lives. il,s,, N hrs opinion, j. will he enm-
petrnt iur Congress 80 .brogare ills char
ter. anil he prorlalms his determination 10
en'er the lists Tor lie repeal. knog If
nn pol't elan m his country Tho hss taken
higher ground ia behalf ui the invlnlsbllity
nf tie raiiOarl faith Than that hunaTsbie
gentleman. In the dntussion whIcll arose
"a this llnuse. in 1898. upon llie 6. movsi
It the drposI,ss. he cuncurred with Mr.
Tsnty, thai the charter 81 ne hank was
. contract between the Go,ernmeni End
Tie sinckthnidsrs. the Secrrlsry," he
sad. /" sssens. and asserts truly. thai The
hank charter j. y contract hetseen The
Government. or rather The People If The
United STATE. and the hank" and. having
argued upon tia, pnslulsle. he wound up
the argument a. i.tlluas: -..- se.' ID
81 have now uffcred all the remarks iatcnd.
ed il references d" the drpnshe auestinn, ana,
M psieNIng the who,e grnmgd, ! must say
that The SECRETARY ~ removing the deposit
hos clearly ira. sveudsd his p"wer; that he has
Violated tie contract hetsecn tha hans ard
the United Siatps; that in so dong he hIs
deeply T. 'r'd tha' iafgr aud respectable pr
u a ~ orr c,iIz.ns. " IN have beca invited, "n
- faith ut the G,.veTuincni, 10 invest their
p-"peTIy in The insiiiaiIon; while al the samr
tine, he has aesPy ri red tie public 10 IT'S
character 81 st.tshliieIs and Ii rai'y, that h.
has infected deep wnrnd IN the pub &c faith !"
" fn T. & 81 n wound any where. particularly nn
the p"Lilc faIIh, il tn enbaTrass all The chan
mel. Of currency and exchange; and II 10 10
this. and mt To- The Withdrawing tine few mi
inas "f dolla'sfloIn cuntIpn, thai attribute
The present u oaeyetl enIar, assments'
Sr. the public faith! Hho does no,
know how much is wrapped np in The
comprehensive import 81 that single terra!
What Amrriei ~ Senator llpes M, iceI that
his own per.an.l hannr is invulvrG ~ The
prrservatinn intiolaie Of The faith al the
r. publu! Who is there among us IT,
east stain on tie spu,less In'sgnly &c
the national chsrsctcr. There are none.
| trust. sIr--none. nnue. Whatever nav
he the conflicts Of opinion in hi. II II.
h"wsser il'at question shsll ali.s. IL will
be- Inunj thsi The American Sn.ie will
uhlie a. one man ~ support 81 the faith
N haHOr of Ikr cnan ry.
tut .mysrlf. hs,e ma fears OF lie re.
sult 81 this threatened now meni for ~
peal. The PrOi,le uf the UHrd SAFE.
are mi prepared f.,r That IL will be ,lif.
ii'ulI 10 satisfy them Ihst w .shIugtan ard
Madison 50 Ear n,sroneeived the true
spirit 81 the Constitution as for lie me
~ establish, and the other lufollow, a IT,
gI@lalise precedent ul,eIlv destitute Of
constitutional authority. II will be diff.
cult 10 saIi-fy them thai the pplicy Of the
father Of his esgnIry. vas The result III any
oIher than high regard TO Tie require
a Tia