The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-09-16

~ TO the country and the subject If We do
not attempt a second bill al this time. |,
is a great, difficult, a complex question.
IL is a question on which The country is
more divided probably than on any other I;
especially as TO the form which bank shall
assume. may coacede, if you please, tia,
there is majority in the country in favor
Of a fiscal institution Of some kind, and
which shall render some incidental assist.
ance 10 the currency and The exchanges of
the country; yeI, rs TO the form of the in.
s,liuil0n, lis powers, its capital and oil its
details, men are more divided in opinion
than about any thing else. No project has
as Yet received the support OF a majority
either OF Congress or Of the People. The
presses even which support the honorable
Senator do themselves now say Of his bill
that It would have been imperative, aud It's
loss - 10 calamity 10 the country. Shall
we, then, when We are all woru out, 10
miud and body, by our unnatural labors 10
these dog days, be called upon to make ye,
another disastrous experiment | say 10
this SIDE Of The House, aud | would say TO
the other side, Git could be permitted to
do so without treason TO patty,) shall we,
n tbs moment, with all the evidences OF
extensive dissideuce as 10 such measure
before Us, rush on b!indlold, and in triple
haste seek to get up another crude scheme
for the iiaances Of the country? | would
respectfully say, no. Ii prudence is to
have any hing TO do 10 guiding our coun
els, would say again, no. Mr.. GalIatn,
ia bis late admirable pamphlet on the cur
reucy, says, most truly, that Bank Of the
United States, from its Intrinsic unpopular
lty and liability 10 abuse, IS sublecI which,
above all othars, ought to be acted on,
with great caution aud due deiiberatlon."
Mr.. Appleton, too, than whom no man has
eyincrd a greater acquaintance with the
whole subject, tells Us that the esta blish
men, Of Bank Of the Uuied States is the
last thing 10 be done IN haste, or as q mere
party measure | never will agree TO act
upon apy measure touching the great and
vital interest Of the currency as a party
measure. We are entitled TO the joint Wis
dom OF the whole People, and every par, Of
them, in adjusting this great common int
rest. Let Us, lhen, for the present, pass the
subject by. One bill has been rejected BY
the President, and has failed TO command
the appreciation Of msiorily Of either
House Of Congress. Many Wings are, to
my certain knowledge, at this moment
heartily rejoicing 10 the deiea, Of tina, mea.
sure. have in my poke, letter from
40 eminent Wing fnancier congra,uatlng
the cGun;ry on the loss Of the bull. We
have done much 10 the way Of repeating the
sub Treasury. We have thus taken an
obstacle out Of lie way of the resumption OF
specie payments; for It has been most lru.
~ said tina; that system wreeked its ven
geance only on specie paying banks, while
TO those which did no, pay specie lis re.
qutrement of bullion was matter Of indlt.
ference. Who're IS the gentleman Who will
not admit that the incorporation Of Ma.
ttonal Bank will, for tho time, operate as
an obstacle to resumption On that point
| refer gcnilemen again 90 the able pamph
lei OF Mr.. Appleton. | would prefer, in.
deed that some Temporary act be passed
limiting the discretion COW left 10 The IKE
cYtiFe in relation 10 the custody and man.
aaement Of The revenue. But, if we cannot
agree even on that, let the question be ad.
l0urned--iet Us take time tor elaboration
lor renecuon-for comparison OF views
Let Us call 10 the aid Of practlcal men. Let
Us not attempt 10 arrange ~ haste the de-
tails Of such an institution on mere iheoteu
cal or party principles; but ltt US build up,
With cautious delibera'ian, a sysiom which
shah stand the test Of scrutiny and time, and
be worthy Of the Administration and the
country. Aii previous systems haze been
rejected and coudemned- sub Treasury
The pei babas-an oil faahlnred Bank Of
Tie United States--a new fashioned fiscal
agent We have before as a complete IA.
bala appealing empballcally 10 all
parties 10 lay Dean, 50 far as this question
is concerned, former prepossessions OF the
altar Of The country aad to unite 10 an hon
est and patriotic effort 10 buiid up a pcrna
neul system FOR the common good.
Sir. iiyes having concluded lis remarks
mr. CLAY rose 10 rejoinder. | have
no desire, said he, to pr9long this uupieas
an, discussion, but must say that heard
With great surprise and regret the closing
remark, especially, Of the honorable gentle
man from Virginia as indeed | DID macy
d those which preceded 1t. That gentle
man stands 10 peculiar situation. found
HIN several years ago in tie hair rag house,
where he seems afraid to remain. aud from
which he Is yet unwilling TO 20. | had
thought, astor the thorough Kidding which
the roof Of the house had received IN tho
breaking up of the pet bank system, be
would have fed some where else for refuge :;
bot there be still stands, solitary aud alone
shlyering and pelted BY the pinless Storm
The sub Treasury IS repealed-,he pct
back system IS abaudoned--the United
States bauii IS vs,ocd-an now, when there
sas complete and perfect re union Of the
purse and the sword II the hands Of the En-.
ecutive as ever there vas uoder Gen. Jack
son or M. Van Buren,, the Senator is for do
jur nolblgr The Senator Il for poing