Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-17
THIS appetite iorpapcr money grows

! Nlr BucuAaAN lin his seat) That it is truel'
suppose, Continued MIR. Monrnr,p,) in the case of
war, in the absence OF National bank. you could mol
rely upon State banks. No man relied upon them nj
such times. They could meet the public expcncies
OF the country. But surprising such evil should
come upon U.S. and that the little cloud now no bigger
than mans hand. shall oyershaouw the land-io your
fifteen YOU would add fifteen, and hundred millions of
dollars 10 that.
Congress could also give 10 this great Govern meni in
sunton the powerto discount promssory notes aud
her President, not quite tenacious u the rights OF the
States nv the present. would have sctuplcs aud by
this time We might understand something Of the powers
OF this Board of Exehcucr and familiarity with dan
ger. were told. roeonciled us to it,
Again, Continued Mr.. NJ these agents in the State
could be increased Two might become fifty. The capt
tai To begin upon might be only enough for the two pro
posed in the bill but would increase, and the Offices
discount with them created 10 transact the business OF
the Department. There was no limitation as tothe
number, and the power proposed was an alarming
The bill provides. also, Board, to be composed OF the
Secretary ol the Treasury among Others who IL author
I2od oappon all inferior officers, TO regulate their sala
RES aud the number o agents required To carry out the
provisions of the bill, and all the recommendation OF
the Bond oi Exchequer. There WAS no limitation he
repeated, of the number. In good tunes there might
be no dagger but we had fallen upon party times.
and party discretion 10 act for aud who
would trust any party with such discretionary power
this I
am sure said Mr. NJ need not stop at this timo of
day to dwell upon the vast power given to the Exeeu-
tive under tins bill could he too cautious in regard
To this power w could mol too carefully guard our
temple of liberty from the money lenders of the Govern
mcnt Already we have heard OF til" Executive ahus, Of
power, and seen II and complained OF IT, II in
mcnsc dover already. Give himnow nbank. armed with
thirty, iiIly. hundred branches give HIM part,
himself at the head al give hun agents OF his own
lection, dependent upon him, and accountable 10 hun
and what may you no npprehend?
Already the Constitution has given him the sword
He, Ian Il
proytrb. Give hun the of the land. and
who would answer that he will not pcrpctuae his pow
er. Who VIII say that somc GpJar or some Napoleon
VIII not rise up aiaeng aud grasp the Treasury 81 the
nation for himself have been reading (said Mr. Nom
HEAD the warning voiee Of our ancestors. have read
from the patriotic Patrick ienr, that there state
OF things 81 bad rs Union ot the pui9c with the sword
have learned from them, too, to trust power IN
any hands where may be used against the People and.
oppressed and embarrassed We are. overwhelmed
with mlsprtuucs ON all hands, disclaim all conncxlun
with 1t now, hcnchlauh and forever. regard the dan
pcIs outwoighng all benefits Whatever ts benefits
or virtues may be, II contains doonung feature Ii
has. Patrick Henry has sand, lawful squirting
II sluln's nj power, aud cannot trust such power
any hands.
III were To return tony constituents and say tina, we
had agreed TO frame hl like thlstat we had boeen,
rca"nrllcd one with another upon such patlunn-llnt,
rs the mountain would not come 10 Mahomct, Mahomel
had gone to the mouutain-ihat had rejected Bank
oi the United States and given you panacca hank
of fifty, one hundred and TWO millions oldoals- Aaras
ed and oppressed and almost crushed To death they
are should hear from them bat voice. and The voice
Of party would be lost in that. the cry OF universal
donation at the course We had pursued.
Better tohear the dis we have
Than ny othels that We know not Of
We would be free rather than prosperous
II, them the prpell Of the Wing PARTY cannot le
maintained without rc#oftlng 10 any such plan, let them
perish We are told 10 compromise. Who Ine Rep.
rescnatIy,s Of the People 10 compromise To the EAecu
tye| No, sir M, sir am willing to conccdc much |
have conceded much but never sacrifice - power
! principle like this.
The author Of tia, report before you, Mr. President.
knew that It's prne pies had been rcpudatcd for long
years by the Wing party. And supposng, sir. our qnon-
dam President, MI Van Buron, when the fortunes ol the
Government were as they are-suposing thai then
Mr. Van BurCn, instead oil recommending sub Treasury
scheme had recommended this scheme, would tllo
i Wings have recommended this asopart sub Treasury,
part Bank of the United States. aud part State ban.
syalem, it is. The Wig party would have dcnoun-
ccd and ropudlatcd il ms they did when II was proposed
years before 10y General Jackson And you cannot, said
Mr.. MoREnEAD, oven make this the basis Of nsttu
ton. There was nothing good IN II which was sale 10
adopt. And yet what the remedy for all the evils
under which we suffer? have seen il minated in SOME
Of the public prints that tins iactious oppOsuon
thai it this plan nothing Ifso. the fault
here II there was any remedy, we were to call upon
the President OF the United States 10 compromise. Let
HIM examI lie o lb,i1lly and of nagnanlmty and
ms WORD loT IL Ongfts5 Wouin meet MN nan way II
he expected Congress In bow down 10 him. and ylod the
ground upon which ii had stood he could be graft
fed. Self respect and cherished principles forbade 1t.
Mr. NJ IN conclusion, sad he thought it s,ulce OF
great couotatuaIon that this scheme had been discussed
il had been here He congratulated the Senate and
the country that Of all parties had rallied one
man IN defence of common principle, and IN the resist
ancc Of measure endang,rn9 the liberties Of the Poo
PIE.
| Mr. SIMMONS, Of Rhode Island, said he did not rise
iiho purpose Of continuing the discussion upon this qucs-
ton Of reference, which II would be- temeny him to
attempt after the very able and eloquent speeches
which he had listened from the most distinguished mem
bcrs of the Senate OF both political parties. Ills purpose
in rising was suggest honorable Senators after what
had been said in reference the plan proposed by The
Executive which bad SO fully developed the views OF
all who had expressed opinion upon II as It's, wheth-
cr there another aspect III which both the report
and plan could viewed and If il would not be profit
able for Senators turn their attention 10 the pan
what can be done under the suggestions which it con
tans He had asked himself, hat do wish TO do
and by that he meant what do the People wish should
be done for their relief And he had examined this re-
port and plan If relief could be given within tho
range Of It's Suggestions and provisions, and with great
ddence in his capacity to Judge q such questions, he
bilieved that relief could be given.
i Wcwant (said he) institution for currency and ex
changes think even more, but nothing short of this
will answer. What has been the obstacle to obtaining
this heretofore We all know il has been the consti-
mtiona objections of the President National Bank
10 operate per SC the Union There is no such OBJ
lection the proposed ENchequer it is declared
be- Bank of course such objection exists to it, II