Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-08-07

clally charged with the general finances and cur
rency OF the country cannot be pretermited.
The Senate having called upon the Secretary
Of the Treasury TO furnish plan most suitable,
IN his opinion, for remedyng the evils Of a de.
ranged currency, submits his project. 1t comes
to US, therefore, by the authority OF law, upon
our own requisition, and in a manner the most
| formal.
The plan Of the Treasury, thus iaitly before
Us, has receis I'd numerous and essential modifcl.
tons by the committee to whom il has been re-
| ierred, and to one Of these notifications only.
the Senator from Virginia dssen;s.
| In either mode ii believed tina, most Of the
existing evils will he remeded. Shall we hazard
their continuance by reraung rom the adoption
Of either! Is i. eXpaI.rnt, under any crCuui
stances, to entruSt the execution Of measures ~
unwilling hands and adverse opiniuu,. WI
slight grounds Justify difference among those
upon whose harmony ami union. Interests Of TIE
highest magnitude depend When much may
be accomplished will it not he better to 5.r-o D.,
possible advantage, which can only be gained og
the sacrifice Of that unity OF action D:;wean '.-
Executive and Legislative branches Of the Coz.
eminent upon which in oGt complicated system,
50 many vital interests depend;
Considering then the operation Of the bill. Il,
reported by the committee, and rs proposed 10 De
modified by the Senator from Virginia, canno:
think that case exists which would authorize ID
difference among those united together against
common evil.
1t is said, however, tia! the amendment pro.
posed by tie Senator from Virginia is hu. con.
tnuance Of those experiments under which the
country has groaned, and which have evenua!ed
in the stagnaton OF commerce, the loss Q, prop
erty and deranged currency. But. ST, are not
many Of the provisions Of the bill. as reported
by the committee, entirely new? Are they no.
therefore, experiments! Is not the Abandonment,
Of great commercial emporium. and the loca
ton of the mother bank in the District Of Col.
umha, an experiment! Is not the proposei
limitation Of per cent. dividends. and the ap.
plicaton Of the surplus as an available fund, ~
supply contingent diminution, an experiment,
Are there not other departures from any previous
model mere experiments, sanctioned it may DE-
| by our judgments now, but remaining 10 be tested
! by experience! Why. then, the alarm attempted
to be excited against another departure, not pei
haps greater or more vital than many of those
which have already been approved? All concur
in establishing Bank Of the United States -
| The existing difference IS one Of mere detail. II
probability exists that the currency can be re.
formed by the amendment proposed, are subor
dinate considerations to drive US from this object
! bring my mind to the single point. Is the
machine practical? VIII it effect the objects for
which it is designed! Who will venture to say
| that it will not! The Executive branch Of the
Government has given its opinion that it will.
The Senator from Virginia concurs in this opIn.
ion. | hope it will. Snail |, then, not try ::
for the sake of harmony and peace? Should il
=, ~
disscntionS ale avoided and oug united strength
remains unimpaired. The Importance Of this
harmony and union is too great, in my iulgmen,,
to be lightly throwa away. To preserve it,
would hazard much, endure much.
VIVA, may not he the consequences Of dl
ferent course? May we not, by division and con.
tention among ourselves, defer if not entirely
defeat, the adoption Of measures Indispensable ,p
the public prosperity and approximately demand
ed at Cur hands, by j suffering community -
May we not place the rens Of power in the hands
of those whose former policy has brought the
country 10 the brink Of ruin and whose future
action in the same career would. ii we may Judge
from the past, augment the national distress, ana
perpetuate the evils Nc have 81 long deplored!
confess, sir, cannot contemplate this cOnt,n-
gpncy without dismal. | would consider il
i,aught with uuu;terah,e calamity \ deaaying
commerce, a leteIcd navigation industry every
where paralyzsd, and d!strust Pervauns the Uni
on, are but the haIbngefs Of Ills which may now
be entailed upon the land 70 avoid these re
Il suits by mutual concession aud liberal lotbrag.
ancc, should be regarded as I paramount duly
and 4 common obscG o"a to prevent cataSuu-
phe which will fl. maay a pa,riol with anguish
and moracaiion, shall think myself justified
t., D ,.., 81. ,..rIe e..