The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-01-27
CHARLOTTE. N. c. JANUARY II. 1872.

thH tSmaIhuuit pfouuCiiuu, NC Old uOt KNOW
that It would DO worth the metal which
might be worn away in the operation. No.
body put tho measure forth as thing 10 lie
adopted that seemed not even TO be
] thought, Of; as il stood II WA repudlaicd,
on all hands. In endeavoring to speak ia.
vorably Of 1t, gentlemen did no; speak OF It,
bat Of something something as yet in
HubibUs-some underlined creation, whose
form was as yet mystery. After all The
long consideration " hich had been given 20
the general subject, and their familiarity
with oil the leading points Involved, here at
this late hour, n pFgjcrt vas presented as
occupyiug an Intermediate ground, and all
men Of all parties Tese called upon 10 come
together aud Unite in supporting it.
For long week Sir. N. had pondered
the project, and had endeayofed to diyest
his mud ofevery feeling but desire 10 lird
the truth. lie had viewed the proposal,
not like the advocate who had written this
report, but like an honest man, determined
70 DO bis du'y. Aud he vas competed to
come TO the conclusion thai even in tic
worst ol times this Government had ever
seen, never bad there been 50 hold, so reck
less push for absolute power, as wns now
unblushinely mode IN the paper before the
Senate. lie repeated the assertion. New
er, never 10 the whole history Of this Gov.
eminent, bad there been Witnessed push
so bold, or one which, ii successful, must
be alteodcd with consequences SO vast, ard
80 disastrous to the liberties Of this land.
With Government possessing power OF
patronage Nhlch, even in TIC ieeJlest hands,
@as VI threatening aspect 10 hberty-a pa.
tronage which, spreading itself like u poly
pus, lnsiaDa,ej rs allenuaied tibres through
al the in,crsices Of society, an@, by It's
tempting power, operating 20 subdue all that
manlness Of principle. tina, hardy virtue,
which Characterized cur ialhers-to propose
to superadl to this threatening, this porlen.
;0us amount of patronage the entire monty
power, and this 10 be managed and control.
led At will by those hands which pull the
wires and move the puppets Of party-if he
believed the country was prepared for such
a measure % lhis, he should feel depression
Of mind which nothing could cheer he
should look upon hts children with tears,
and must despair az The welfare Of his coun.
Try for centuries 10 come.
What a concentration Of power did Il,
40, attempt to ochieyc 10 the PRESENT
prostitute aud dowa trodden condition OF our
State banks--he spoke Of that spurious and
multiudlnous herd which had sprung up
under tho misrule Of late Administration
institutions rotten throughout and loiter
ing 10 their lift the Government should
a, once furnish to the people paper cur.
rency which should be 10 sound and general
credit, those banks would pop, one aficr
another, Ike guns discharRng 10 burning
ship, from ono end Of the Union to the 9th
cr. This Government machine, iabrica
ting paper like this, vas &c spring up
amid the general blight and barrenuess as
"a vlyifyiug and ,ructdylng germ" Of pub.
lie prosperity, thc used the language Of the
repoftl Yes--no doubt, and when II
should have eermna,ed and sproB'ed; when
il should have "put forth tts root down
ward and borne fruit upward while the
whole land round abaut was a barren desert
when it should hsve spread It's branches far
and wide, and covered the whole land with
tie shade --iheu--nh, yes-then We were
TO lie down in that " tranquility and repose'
which tho writer Of this report thought so
desirablc--ihe reposc, tho stiffness of an
inexorable, mean, mercenary despoiism.
To such a measure Mr.. NJ. never could con
seq, he would not, should not. Could any
man truce the consequences What was
the amour, Of money to be placed under the
control Of this new institution II vas TO
issue a paper circulation TO the amount of
fifteen millions. Then il was 10 receive
6tteen millions more upon depos,tc. Here
was, ct once, an amount Of thirty millions
of dollars, enough Of itself 10 overflow the
whole country md he saw no guards in
this bill 10 proven, the amount being extend
cd 10 a hundred millions annually by lis
dealings in exchange. Should Congress
establish high tariff, or even bu, liberal
tariff, whose annual inpourings should 70.
plenish The now empty Treasury with on
income OF twenty five million dollars, that
alone might enable the Government TO raise
IT'S head over the dead sea Of our PROSTATE
national credit, and waive the wnnd Of i,s
power TO The destruction Of the public pros
pcriiy. But should there be superadded 10
this new capital Of thirty millions, aud the
power to trade upon thus to the amount Of
two hundred m;llions more, subsidZiug
everything 70 its own support, wherever The
widespread machinery Of this Eychequrr
should have been extended over the land,
what chance could possibly remain for The
existence Of public liberty Place man
Of even moderate ability, and Of thirty five
years of age, ~ he Presidential chair put
IN his hands die mighty concentration Of
power, political and fiscal, aud u he did no,
ride roughshod over this people FOR the rest
of his life, il nnsI be owing to his own vir,
tue, und not theirs who armed him with
such an engine Of oppression,
This capital was in a strange condition.
No, mail reached it from eny quarter Of
IL nnantry upb,ch t,d nnt hr,n,, tkn n,,i