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

Hon. 10 be drawn IRON Her sage slrWs
aI our syslem al Government. aud The
light Of iheIr ever glafisus sxsmple."
j 10 this elaBse % The Address % Ihe
Prssiisn,. believe. hsi ore lnlsrpre a.
liaa vas given lhruaghssl his whale
enunlry. By lrIrRd and fse. BY Wbig and
Dsmacrst. and by lhe presses Of both
Psrlles. ID was. BY eseTy nan with
whom sonsefsed on the subject II lhe
iine oils appearance. or of wham have
!; sinee inquired. construed 10 mean that The
! Pfesidrnl intended ~ Urcnpy the Madison
ground. and 10 regard the gusslioa III The
power 10 establish . National Bsak 81
ImmaEahly sellled. Aad | think I may
confidently sPpral 10 the SenIle. and 10
the eanalrs. 20 sustain the iscI that this
MAS The eonirmptraneBns aud unanimous
judgment afIhe pUhlie. RereIuag back 10
lie period ai Ihe Proms.gs,ion Of the Adj
dress. could any other construction have
been gwen iai,s language! WhsIis il! IL
shall promptly gI,s my sanction 10 any
constitutional measure which. orielnatlnR
in Cangfe,s." shall have cerIsin lleliaed
ohjssls IN view. lie eoacetes the vital
importance OF sound circulating medium
O. industry and Ia The public prosperity.
J lie comedies thai ils nriRin must he IN
Congtess. And. 10 prevent an' difference
from the qualification. which he ptefixes
/" tie messnIe. being interpreted TO mean
Ihsi United Safes Bank was uneansli
Iuli0nsi. he declares that IN deciding on
The sdspislion Of the measure 10 Tie end
proposed. sndir. conformity loihe Con.
siriuilun. he n III FcsofI 20 the Fathers 81
the great Repubi,can school. Add VIA
wers they! 1.-The Father ufhis counuy
is thbe excluded. sTs Madison, lihe FasI.es
Of Ihe Construction. Jeliefspn. Monroe.
Geny. GaIla,in. and The long rs, Of Re.
publc.ns Who scisd With hen. not 10 b.
regarded among lhosc F4iheni Bun l'Te-
sIdem /, Ter declares not oliy ll,as he
sh"uld appeal 70 them CO advice and
in.iruslian. bot 10 Tie light Of their eseI
glorious example. Whsi rxamrlel whsl
Other meaning gould have been poss,biy
applied IN lhr phrase. thaR Ihal he intend
cd u refrrio What hsd heea done during
the Administrations IL JtfIsrsoa. Madison,
and Monrnel $50 f. - ?
Entertaining this opinion Of The Ad
dress. sams u Washington, II The con
mspcsmeut 81 iae srssion. will the mos
confident and bsoyani hopes lhaI III,
Wings would be able 70 carry all iheil
nrn.hinent measures. aud especially /,
Bank Uf the United States. by fsr that eu,
Of the creates, immediate Importance
anticipated nothing bui cordial co o .,era
tim between the two departments o
Gsvsrnmsui; and reflected With pleasur,
ina, ! should find, II the head OF IN,
Executive branch, . personal and pal,ilrs
friend. whom had long snd iniim alely
known. and highly esteemed. Il viii no
be my isnli if oufaniesble relations should
unhappily cease. IN consequence Of aay
d,Hercues Of opinion between us on mi,
urrSaan. The Preaden, has been H.
q wsy. perfectly familiar with ny opininr
/, aa il,is bank question. 81
uFan the openisg sof he session, bu
respectfully on lie receipt " The plan Of ,
National Bank. sspoposed BY The Score
taty Or the rteasury. Tears were excited
J thai,hs President bad been misunderstood
IN bis Address. and that he bad moi waived
but adhered 20 his eonsiitniiuasl scruples
4 Under thsss circumstance !, was hoped
that, BY the indulgence Of mutual spiril
] Of compromise aud concession, . bank.
/ competent 10 iu'hl The expectations and
satisfy The wants Of the People. NIGH, be
: established. - 49,
i Under the Influence Of that spirit, The
Senate and tho liouse agreed, Let. ~ Ia
The name u the proposed bank i confess,
sir. lha,,here was Something exceedingly
onlrte and revolving 10 my ears ia The
term "Fiscal Bank" bu, | thought.
/" What is there Ia anamel "A rose. by
i any other name. would smcl IS sweet =
Looking, therefore. rather 10 the utility
Of tic substantial faculties Than to The
name Of The CONTEMPLATED institutions. we
CONSENTED to that which was proposed.
oil. A to The place III the location Of
the Bank. Although Washington had pass
ed Through my mind az among Iha cities
in which !, might be sxpedienl TO place
the bank. il was bsliercni TO be the least
eligible Of some four or five other ci,ies.
! Nevertheless, we consented 10 fix II here.
And lastly. in respect To the branching
ipnwsr. there was moi probably SOLITARY
vote given in either House Of Congress
for the bill that did mol greatly prefer The
unqualified branching power, as asserted
in the charters Of The two former Banks
iof the United States, 10 the 18th fuuda.
mental condition, as finally incorporated
lin this bill. lrisperfec,ly manifest. there.
fore, that i, was not in conformity with the
1 lopiniou and wish of msoriiies Ia Con-
gress, but in friendly spiri,of concession
! toward. the President and bis particular
friends that the clause assumed that form.
! So repugnant was il to snme OF The best
] friends Of a National Bank in the other
! House. that they finally voted against the
bill because il contained that compromise