Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1842-11-05
THE SATURDAY COURIER

10 those who wish an instructive AMI
interesting family paper, neutral in politics,
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rier, published in Philadelphia. The
Courier is paper Of the largest size, and
filled. almost entirely, with reading matter
on the various subjects Of Science, Litera.
ture, Mechanics, Agriculture, &c. Price,
SO per annum, and So if paid in advance.
The Hon. Caleb Gushing addressed the
people at Lowell on the llth O:tober.-
We make the following extracts from his
speech. The extracts embrace Mr.. Cush-
ing's views on the Bank question and on
the proposed amendments Of the Constitu-
ton in relation tc the veto power. On
both these questions he speaks boldly and
eloquently. Hear him:
"Gentlemep.. there is one ,pihAr nnps-
ton yet unadj usted to which the attention
OF Congress, as well as Of the Executive,
has been called--that of fixed currency.
This question is not setted-and why1
There are but three forms in which il has
been proposed TO be concuded-a United
States Bank-an Independent Treasury,
as it is called, and an Exchequer, as pro-
posed by the present Administration. |
may assume it as fact, undeniable, that
there is fixed majority of the people ad-
verse to the incorporation of United
States Bank, (cheers,) or any chartered
company which should have The power to
discount funds. III entertained doubt
upon this point, which | do not-ifI
thought it possible TO be mistaken in this
posi'ion--I would gladly poll the House
here upon the subject. would ask how
many here are ready to enter into a Sc
we're contest for the purpose Of incorpor-
a:ing United States Bank. know that
no such opinions exist--I know that you
desire no longer to be welded to a United
States Bank.
| have ceased to believe that such
bank was the best means of conducting,
and regulating the currency and exchange.
| never entertained any affection for it,
and those who have represented me as
hol ing such an opinion, have been utter
" mistaken. At the first Congress of
which was member, lstated my course
airIy-l avowed that would he bound no
onger in Nehemiah bonds to the dead
,ody of the United, States Bank. 1t is
rue voted for the bill drafted by the Sec
rotary Of the Treasury, Mr.. Ewing. And
ooking back, most regret, were those
which gave only out of extreme anxiety
o act with the Wing members Of Congress.
t have erred, my sin has been, not OF
actious opposition, but of conceding too !
much to love of peace. In the words oil
Mr. Webster; the man who entertains the
scheme of a United States Bank, "pursues
IN obsolete idea" But are there no other
means of attaining the endl Suppose
Bank of the United States were establish
ID, with branch in Boston. How many
f you would get discounts or derive any
enefit from that branchi Not the me-
the industrious classes-but
My the great capitalists Of Boston, as
eretofore, and to the great body Of the
eopls it would be of no benefit what
yer.
Well, gentlemen, what do you want ola
United States Bank2 You do not need It
8 means Of borrowing money; butyour
rant is Of national currency, more con-
enient, perhaps more abundant, but as
afe as gold and silver: something about
GhIch there is an "odor of nationality
Universally valuable paper currency. And
his is all that any rational man can de-
ire. But you know there are great ques'
ions OF constitutionality connected with
his matter. The question Of bank has
cen driven three times head foremost butt
gainst successive vetoes; its very friends
ave done all that in them lay, to render
! n N irnnoaaiIiIiiv. md 70 rnndar imnossi.