The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-06-10

IEelflfy fcreifeq a. "a GstNN NE mel
dsrided randsmnataa. yea no nlhss
sehems a easn1s seemed 70 Aase bssa
eaacnssed IN. Ta yan. han. who have
cone moEs dirsesly Iron he body 81 our
esmmaa eons.iiaenls. ssk1il ne snlire
.psesaion. 90 best essls6sd - give . fall
.expasiliaa o. lhsa si.hss snd opiaioas.
] shsll Be ready 10 csncsr sisb yoa In The
.sdopsioa Il such sysam - yoa nay
proposs. gssersias 70 myself The ulnnsle
possr d Esiseling any msassss shieh
saay "a ~ view of IL eondiet with Ihe
Goasllulion. &C Otherwise leopard The
prosperity &c lhs eosnlry; poser shish
j ceald nsi part wah sssn 4 i would. bai
~hieh I will aal bslisss any eel q yours
aiIl call INTO Isasisiiion.
IcannOl AVOID reearEing. in e0nnsxion
ssilh lhis spbject 20 the necessity which
.sxias Cor sdopling some suitable measure
whereby The lanlimlted creation Of banks
BY the sisles may be corrected IN fai1Ee.
isseh Tssall can be mosi readily achieved
by lie eonseat olshe states. 20 beexpress.
ed in The lorm ii . eompsei among hem
selves. which they can only enter into with
the consent and appreciation Of Ihis Co.
xsrnmeas; . consent which might. in he
present smsrgeacy Of the public demands.
jpsii6able be given in adssnee nlany sc-
zion by che states as sninduesmentie snch
action upon terms veil defined by ihe sci
of iendsr. Such measure. sddrsssing 10
.sell 10 The ealu reHeelion of The sssies,
.Eopld Cad in the experience u ihe past:
ssd The condition of he presesl much 20
sust.in il. And il is greatly 20 be doub,
ed whether any scheme OF knsnes can
prove Tor any leagih Of tins successful
while the states shall conlinne 10 The on
restrained exercise Of abe power ofcresI-
ing banking corporations. This power
can only be limited by their consent
With the adoption Of financial sgen-
ry Of sslisfselory eharasler. The hope
assy bs INDUCED that The country may
oncs more relnrn 10 . state Of prosperity.
Measures auxiliary thereto, and. in some
measure. inseparably connected with ils
success. will doubtless claim the attention
Of Congress. Among such. disiribu-
ZION Of he proceeds Of The sales Of The
psblis lands. provided such distribution
does not force upon Congress the nsess-
!siIy Of Imposing upon commerce. heavier
burdens than those contemplated By ihe
act Of 1919. would act as On efficient re-
medal measure By being broaghi direct
" 10 aid Of the states. A. one sincerely
devoted 10 lhs task Of preserving . just
b,lsncs in our System Of gosernmeni BY
abe maintenance Of The states in condi-
lion the most Zee and respectable. and in
the fall possession Of all their power, |
Gu no Otherwise than feel DESTROYS for
their emsneipation from the situation 10
which she pressure on their 6asness nov
s0bjects them. And. ~hils mus, rspu
diais as measure founded in error. and
wsniing constitutional ssneiion. the slight.
est approach 10 an assumption BY this
Gs.eraGsei IL ihs debts ui shs ssslss,
YET can see, in tho distribution advert.
ed 10, much 10 recommend IL. The CON
pacs between The proprietor States and
this Gove'nmen.expressly guaranty 70 the
States all the benefits which msy arise
sIon The sales. The mode BY which this
10 10 be effected addresses itself 10 ,he
discretion OF Congress. az the trustee for
The States; and is exercise. alter the most
beneficial manner. 10 restrained by moth
ing i'm the grants or in the Constitution.
ss long as Congress shall consul, that
equality in the distribution which The con-
psc,s require. In the present condition
of some Of the States. The question Of dis.
lribu,ion msy Re regarded as substantially
a question between direct and indirect
isxaiion IL ihs DESTRUCTION be moi made
in some form OF other. the necessity viii
daily become more urgent with the deb
ssr States fof . rssoHto an Oppressive sys-
len Of direct tsra,ion. or their credit, and
necessarily their power and influence.
lssll be greatly diminished. The pay
ymentof taxss. after The mnstinconvenieni
and oppressive mode, wiIl be exscted in
place of eontribu,ions for the most part vol
.Untariy made. and therefore comparative
ly uooRpressive. The States are empha.
ideally the Constituents Of this Govern
ment and we should be entirely regard.
less of the objects held in view by
sshsm in the creation Of this Government
il We could be Indifferent TO their good
The happy effects of such messure up
on al The S,a,es would immediately be
manifested. With the debtor States 10
ropls tfscl the relief. to great extent.
OF ihe citizens Grnm . heavy burden Of d.
rect tsxa,ion which presses 9Th severity
90 the laboring classes, and eninently as
sis, in restoring the general prosperity.
"a immediate advance would take place
m me price Of the state securi.ies. and
ihs altitude Of the states would become
once uofe. IS il should ever be. lofty and
erect. WiIh States laboring under no ex-
trens pressure from debt. The fund which
dhey would derive from this source would
enabls tbem TO improve their condition
in an enineut degree. Star a. this Go.
-.