The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-01-20

Fealily. aud WilhouisysA. Alllhem0ney
q ihe People was 70 be sDl5ssle1 10 lhe
Executive disPnill, and he President Was
y become "a nnre de fountain Of Dolifics
PoRer and q individual Weallh.
II Ibis language Or Mr. Buchanan i
iusi. did moi Mr.. Msngum Do wei . say,
:. be wOuld ineonParzbly ralher adopt Inc
sub-Treasury lhan tl.is moasuous Jug
genanss'' Akd where is die Wing who
would nOl join him in the denancislion.
Where 5 Ihe Wing Who would not pre-
Ter. infinitely prefer Tie sub-Treasury.
with 10 nse lie language Of The slandasd)
is locks and is steel traps and lis
thieves" 10 this plan Of a Government
Bank. The sub-Ireasury scheme. hume
FOus as is evils were, was objected 10 BY
The Wings, no, so much for what il was.
a Cor what il would assume 10 be. Ex-
perienee, il was believed. would soon
prove ihat. even il il could Get along IL
self. il could not effect any hing in re-
liesing The dislresses Of The country; and
the failure Of the scheme. Il was appre-
hended. would open the way Cor another
experiment, when the Suh-Treasury
would be transformed into an Exchequer
Bank under the entire control Of The Elk.
ecuiiye. What. therefore. was appre-
hended BY The Wings as The eOnsumma-
ton Of the Sub-Treasury scheme. would
be arrived at at once by the adoption Of
the plan proposed by President Tyler; a
plan which, as admitted by Mr.. Bucha-
nan. "went TO effect perfect concentra-
lion in The hands Of the Executive Of both
the political and money power" The
Standard may continue 10 wonder al the
!" GOODNESS" ofMr. Mangum's preference;
nevertheless we conceive that his course
has been such as will be approved by eve
~ lover Of rational liberty.
In closing, we have few words TO adj
dress more particularly TO The editor Of
The Standard. lie processes to be tho
rough Democrat; and for time so de-
vou,ly did he worship at the shrine Of
popular will, as to hold out for his motto
/" The People can do no wrong!" Such
pas, Is, his profession; but what is his
praeiicel Last fall the Harrison ticket
was carried in this state by majority Of
more than twelve thousand votes; and
how does he demean himself on the occa-
sionl Certainly any thing but respectful
TO The expressed will Of so large portion
of his fellow citizens. lie s,igmatises
them as /" dupes,"" gulls;' herd bought
up with /" koon.skins aud hard cider" a
company Of bachanals, "whose breath is
still hot with theirlaic infamous debauch."
Such are few Of TIE terms which he la
wishes npon /" the whiggery," as he has
been pleased to denominate this large
mass Of freemen. Yet he still calls him
self Democrat; and we dare say, when
occasion suits, he will again preach up
the doctrine that "ihe People can do no
wrong!" Such is the admirable consist
enry of the editor Of the North Carolina
Standard! lie puts on his democracy
like his Sunday suit, for holiday occa'
sions; and can sing peans or utter anaIh.
emas, as the People shall follow or reject
his teachings!
To show the correctness of our intel
probation of Mr.. Mangum's views in re-
la,ion 10 Banks, and for the convenience
of those of our readers who do not file the
Recorder, we republsh the following ex
tract from Mr.. Mangum's speech. : Those
who have been accustomed 10 hear hin
converse upon the subject, will find il, We
believe, perfectly consistent with his Ions
cherished opinions. .5E
| 4. The American peuple had risen a: