The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-11-25


nancIal affairs Of the country were 10 stat
OF the greatest couiusion. la 1871, al
+, aboriiye attempt was made 10 rechaTter tn
Bank-ihe vote IN the House was, Ga 10 IA
vor OF the Bank, and 65 agaIns, It anon,
those who voted IA the affirmative, wa
Jeha Randolph, with many other Repub
llcaOs; The Senate was equally divided, /,
to IL. Mr.. 8ren; Of Virginia, aud WIN
II. Crawford Of Georgia, voting for th
Bank. We have the fact from coiempora
Reous authority, that the failure of re CHAR
ierIng The Bank q this time is to be ascribe,
70 circumstances exlnnsic of the question
OF consiitunonalty; and Gtnong these CIR
cuns'ances clearly showing The lnexpedien
cy aud lmp0itcy OF the measure al that time
as the threatened Eruption with Grea
Britain, aud the fact that seven tenths o
The stock was owned BY Ensllshmen. Til,
cues on slep, unih 1914 On the 23d o
Apii, lsl4 Esiir Grgpdp the arch Demo
crGi, as he was then termed, introduced a
resolution II tina, committee be appointed
10 enquire INTO the exped,ency oil establish
ing u National Bauk, the session then
drawing o a close, 10 action was taken OF
the resolution. At an extra session 10 DC
iobar, OF the sane year, Mr.. Dallas the
Secretary Of The Treasury al The request o!
IL Eppss OF Virginia, Chairman of the
Committee OF u avs and Means, both unex
csp'lonabe democrats, recommended to
Congress Bank of the United States; at
ter due consideration OF this recommends
ton, the coinmil,oe reported the following
resolution:
Rssalred That !, is expodiert to establish a
National Bank, with branches in the several
States"
Here the question ofthe branching power.
was distinctly raised, which was decided 10
favor Of II by vote d 1873, 10 l4-amons
those voting N favor of branches, were P.
T, Barbour, J " Eppes, and j. &. Jack
san Of Virginia, J. c. Calhoun and ~
L0wGdes, Of South Carolina, G.. J. lneer
soil Of Pennsylvania, VIM r k,ue Of Ala
oama, nd John Forsyth AND Alfred Cub
bert Of Georgia. The vote was then taken
on the resolution, which was the abstract
question Of Bans or 20 Bauk, and stood ayes
~, noes d among the ayss, al ,hp above
aatned republicans VITA hos; Of others, IN
GLIDING (br It always REMEMBERED J. G.
Calhoun John Forsyth, and Alfred Cuih
berI A the same session, a bill charter
rng the Bank, was passed 10 the Senate by
a vote Of % TO II. most Of iae prom nett
republicans voting Cor II, as may Be seen
iroia the journals OF 1915. THIS bill was
vetoed by The President, Mr.. Madison. not
upon constitutional grounds, but upoa
grounds Of expedienry mareiv-Mr Madi
son abandouog his Constitutional objections
and, to use BIS own laDgua se -" Waving
ihe Question at the constitutional authority
OF th" Legislature 10 establish 40 iacorpora
rated BANK, as being prec!uded By repeated
fecognlhous under varied circumstances, Of
the validity Of such an Institution, in acts Of
the Legislative, Executive, and Judicial
branches ofthe Govern aent." Attbe next
session Of Congress- December 1915, Nr. +
Madison himself recommended a United
States Bank, aud 10 accordance With this re
CONNIE ndaton, Bank was chartered the
cll being introduced b Jas. Barbour Of ylr.
glula by vote Of 80 to Il, IN the House,
aud IN the Senate, by vote Of % AYES 10 70
noes. Mr. Madison sanctioned the bill.
These votes haze oeen carefully classiiied
a. Republican ana Fede,al, and the analysis
shows thIs resuit-of The 90 gators IN "a
gor Of the Bank, seventeen were Repubh
cans and FIVE FederaIists, Of the - Spua
tors against the Bank, seven we're Federal
ISIS and five Repubhcans OF the 50 mem
3ers IN the House, II favor Of the BARK, g.
we're Republicans, aud ID Federa,s,s, and
II tn@ ii who voted against the Bank 30
Sere Republicans and A Fed sisrs.-
int5 vas the far famed Bank IF 1910
s The Monster" rs Mr Beutou is 80 fond
# torming It, and II IS wcrthy Of enquiry,
Fh9 we're the prominent republican sup.
5oriers, AID the Federal opponents Of this
notorious Back In the recorded list OF
hose Who voted for the Bank we find the
iames u J {. Calhoun and WIN. Lnandes
# ) Carolina Jackson, Kerr Mccoy and
.ieniY s.. George Tucker Of VIRGINIA. S.
smith Of Maryland, and John FORSYTH, A..
red CuIhhsfl and Wilson LuppAin Of Ga.
ID Republicans Among the opponents q
he Bank, are the names u Breckenridge.
Lewis AID Shefiey Of Virginia, CASTOR Of
North Carolina. Timothy Pickering Of Mas
achuseits, and Danel Webs,er-sll Fede
aiisis. further analysis Of this vote {
hows usthis fact The Bank instead Of be
ng e Northern measure forced upon the {
oBniry by the Nouh, at the expense of the {
.9uin, was actually Southern laeasnre ,
Imported b. Southern votes, and opposed {
3 northern votes. Considering the coun ,
y IN reference 10 rs geographical divisions, |
I Eastern, MIDDLE, Southern and Western. a
re find tba: The Eastern States gave 10 IN a
i7ar Of, and II against the Bank Or he c
iildie Staies, the votes were ~ for and 81
gaiust, while Of the Southern aud Western t
taif-, d votes Tor the Bauk aad 2G against. =
From this historical view Of tho subject 1
onciseIy drawn, the public may judge for {
lemseIves--to what political party to 9
scribe the paternity Of the United States b
snk, aud iurihermnfe, whether ITS copsI t
itonallY should not be considered as q