The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-10-20

he u Hatter VI tohsiucfatton. And | de
covered debate upon motion in,rodnesI
into Parliament by Mr.. Vansi,tar dnr,'
The suspension Of tie Bank Of England ~;
while her notes we're Is per cent hoIa
par; il was that the bonls note was wo 'sp
JUS, as inuch as lis face purpor,cd 10 ny
Use that the bank had not deprcc;a,al
but that the bullion had risen. Io,dI;'i
erpool. Lord Cusilefeagh, Mr.. Roe sai
other members Of Parliament cspoused,,l'
side Of the question; and ON the otbe, s; ,t'
we're arrayed the strong reasoning pouo,.
aud the logic Of ilorner and the pTac,;o.I
good sense Of MIR, Alexander Baripo ~,
Lord Ashburion. confess thai tho s,nI
of these papers made me bulionis,
concluded that paper notes could circ,,,,,.
safely only while they continued to he -
deemed in gold and silver at the coun,s,
wherever they were issued.
The next year, Congress, at its sess;o,
found the finances Of the country IN a A.
plorable condition. believe had reaa
every valuable work on the subiec, On u
iher side of the Atlantic, and had eIose,y
observed the laws Of paper currency ser.
hibited during the different cpochs N M,
country, from 1911, to the present time
| had expressed my opinions at ,ai,ous
lines IN Congress, some Of which had po
been falsified by subsequent events and
must be permitted TO entertain quite ss
much confidence on that subject, 10 myovn
opinion, as in the ilippani Paragraph ma
newspaper, or the hasis eLullllou Of a Do.
batter. And Take the responsibility Il
saying, that the measure then submitted a
Congress was the best and lta only meas.
ure for the adoption Of Congress aud i,iaI
by the People. am ready 10 stake me
reputatica-a and il is all have to slate--
upon IT; aud that il the Wing Congress
will take the measure aud give il a ialrtn.
al, within three years, II will * admitted
by the whole American People 10 have
proved the most tcnefcial institution c,e,
established, the constitutional loan onl, "a.
ccptcd. Understand me, take i, as it is
as If came from the consideration of tie
I Cabinet, no, ss Il was after Congress he'd
begun to work upon il. For Wnen they
struck out the power Of governing e1shst.
res, II Was not woith rush--not uafia
the parchment on which the Iaw woulL
have been engrossed. Tie great te.lis,
/ the urgent necessity of the country ra
cuTreney---facilhy Of exchange. Ya
work for lie people OF Alabama-,Lfy
plant for you, and you want q commo1 ~.
dium, TO cqualze debt ard credit sHh lts
samc velocity Us steam transports nles al
machinery. You haze not goi i,--,Q
cant get Il but ty the au,huGi.y ard re-.
mission of OBSERVATION-DISCLOSURES ne,ef,-
You want large and liberal rtoslssen e.
exchange, and wiIhnu, this you carse
reach The goal o, which you aim. tias
will you do II need not say hy Bar
Of the Urned States, based upon pritas
subscription for it is Out Of the ges;,a
The mnn who pursues that follnss 50 4.
solete idea. Suppose d law should es'sb
Iish Bank, with capital oi fiity miles:
who will subscribe to il what vl.l 70
give Tor shares II is entirely cli q ts
question. Taxi it, then, Tor rurpze L
local dlscouni--sny 10 S'aie.tifeei dawa
want this uniaxed capital 10 make SEA e.
counts
Well, what shsll We ever have Gfl
repeat If, many Gentlemen prop"e g o
n0thing--hut to postpone every thing Il
I the incoming Of The Jews. l. uoitf. "a
be attempted When the Exehcqpef su
presented 10 Congress i, was assaiiea ifaa
all quarters. believe ono geuiIemsn 81
get courage to any il is favor that be da
not know but after oh, by sou,c pesstbllsj
some coed might conc of il. Bot i hsi
many different elasses Of opponents. sen'
said that il would be lilcIess machine
It would not move at al others safd
would have hy far loo much life i sns5
answer the purpose Of lis cteaiIoe--asi
that was TO increase the Executive fover
Cue found II King Log and tie alher h'as
Serpent. Une Indicated il asa terrific g.
ant Of enormous magnitude, sifid.ns o'e'
and crushing the liberties Of the country
i, would, therefore, break The Coasttuial
and therefore they wouldoppose il. Islf',
opposing agents. eontradieied, # they da
not reiuie each other, and convinced ne
that tho plum could DOL be adopted noft'ca
temporarily considered. One ~as alfaa
TO DO Que thing lest lie should break tue
Constitution, aud another was alrald to %
another lest he should break It ard 9
they did nothing. One man would 'os
for bank which bad rot the power 10 o.
iabIlsh branches, lest he should break 'as
Constitution and another would net voc
for one which had, lest that should breaA
IT. They acted like hoalman, who' =
the midst Of rocks, and shoals, and @ian'
pools, should refuee to pull ono stroke 20
his safety, lest he should break bis eaT'-
But they stood looking forward 10 the 'lise
when restored confidence should enable NE
bank 10 20 into operation. Nhfn Sla
this bc : When prosperity returns to 100
country. Thu, is, WHEN the emergency
over. Meanwhile they intend 10 do nola.
ing to save the ship from sinking ~ 'ae
chances Of wind and wave shall drive ~
+ "a Fs.f.t -. II shn nhttft.