The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-01-20

e,rrol,en. The genilcme:i' tlsctrisEsee was
Stand still, do nothing, and ell will CONC
,,ght. lie was aaaillst this {" do-nothing
policy;" he abjured il. The traeqnesiion
Was What is to be dono Il was very
eaay 10 see what tho gentlemen meant
when they talked about not changing their
nosj,ion. In plan English this meant
lint they wen, for the suh-Treasury, the
whole sub-Treasnry, and nothing but the
sub. Treasury. lie asked il the country
would take itl The answer hsd come
hack, in tones Of thunder, No, We will not.
Let not gentlemen be deceived By the
result Of few of the fall elections. On
that subject the People we're Of one mind,
and none could mru them. Mr.. X. agreed
that the hope of a National Bank was out
Of the question. An extensive corrospon-
dence convinced him that the moneyed
men Of the country would not take the
stock. He avowed his lingering attach.
mont 10 tho State Bank system, but pro-
tested warmly against the idea Of the Gov
eminent ever receiving the notes Of non
specie paying banks. Ii general con-
earrence could be had ia making one mare
experiment with these institutions he
shocld rejoice bat the day was gone BY,
and by practical statesmen such thing
was not TO be thought Of. How, then, did
We stand A National Bank was out of
the question, the State banks were not TO
be thought Of, the sub.rreasury the Poo.
pie never would accept; yet something
must be done for the country. Ii be could
not get the best measure, nor the second
best, he was willing TO take up with any
practicable expedleni for the public relief.
is 10 the present bill, it must undergo raa.
ny important changes. The proposed
board must be stripped Of the power Of
dealing IN exchange, aud also OF using or
lendiag the public money for private &C.
commodaiiun or mercantile credit. II
must also ba reaaered bona fidc exempt
from Executive control, and Congress
certainly had the means of doing thla.--
Tie appointing power might be exercised
bg commissioners, as had repeatedly becn
done N Eaaland. lie was ready to adopt
Che principle that al Treasury officers
should be made depcnlen; on Congress, and
recoverable only by the President with the
concurrence of the Senate. As 10 an
aniendnieni Of the Constitution, as propos.
cd IN 1885 by the Senator from Kentucky,
be had no hope OF seeing that OF any other
amendment adopted. II was scarcely to
bs expected that eighteen distinct sove.
reigniics could be brough, 10 concur, with.
ont which the Constitution could not DC al.
tered: bat tho officers Of tho Treasury
night be rendered independent Of the Pre-
sdeni.
Dir. ". earnestly appealed TO gentlemen
not to make up their minds 10 opposition
until ihs h.ll should have been modified in
coineii.tca. lIc rejoiced that the Wing
party il The Senate were in favor of doing
something for the country. What s,rik.
ing coutiast was presented by gentlemen
upon the opposite side Their purpose
WIS 70 bring the Presidents nose 10 the
griralsloac OF The sab. Treasury. Their
language 10 am WINS, gise US that, and we
''f NNEtfstt 9Nh 4tg} i1Ni AIutHN btS hiH
ihai these dep1nents say not. 4 laugh.
The President did not insis, on the Bill
ia It's presnni form, He was willing Il
should be modified. He was DESTROYS that
the parse and the sword should be sepa.
raed. He anxioarly scsgs.s So be reliey-
cd from the control Of the Treasury. The
Secretary spoke in the same tone he fell
that the plan was moi perfect, and that IL
needed revision.
Mt. X. concluded by expressing his re.
greet tho, gentlemen should have resolved
upon opposition before they knew what
shape the proposed measure would az.
sumo. They seemed TO have enircnchcd
themselves on the sub-Treasury, and 10
bring the American People TO that measure.
Let the People answer.
Mr.. MANGuM then obtained the floor,
but yielded 10 a nnlion for Adjournment.
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