The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-01-27

bama If this reason was a sound one,
they were no banks at all, IA state Of things
which the people of that slate might vel!
desire to u toe case.) A laugh.l This
was a specimen e. the incouiroverilble logic
for which this paper had been SO highly
praised, aud praised too by the Senator
from South Carolina, whose searching eye
any one would have supposed no insecutye
conclusion could have escaped. But be
supposed that the Senator had been so
much gtallfed, aud SO entirely engrossed
BY the concessions IN the report, that be
was not disposed 10 look with very micro
scopic gaze upon lis other features.
Again, npage s, II vas contended that
this was no Government bank, because II
did not discount. Now, here vas a doubled
and twisted iallacy the reason given was
untrue in principle and untrue in fact. Tn.
true 10 fact, ios cobiessedly The Board would
discount bills OF exchange and untrue IN
principle because bank may exist without
this power. Here vas another instance Of
the lmpreguable logic Of the report, another
evidence of that gigantic latelleel whose
impress was said to Distinguish esery "urd
aud line.
The third faliacy nigh; be foand 90 page
) and 6, where the Secretary INSISTED that
the bill proposed no union OF the purse and
sword, because neither the President or his
Secretary could touch dollar in the Trea
sury without an appropriation. Why, had
not this always been the case Yet VIA,
had been the ground taken BY the Wing
party at the lime of the removal Of the de-
posilosl VIVA, had been the outcry on thai
occasion OF tbs Secretary hlnseii--bolb
master and man! Although every pety
Locoioco paper IN the country had doiend
ed the &C, OF this very ground, lhaI Gen.
jackson could not himself touch dollar oil
the public money onless BY the oppropria
tion Of Congress, did the " hiss adDli this
reasoning as vaIidl Did they not still con.
tend that that act effected u8ioo Of the
purse and the sword! And sss not the
case toe same nov 10 this fnliacy ihere
we're t~o unlFulhs involved nay, three. In
the first place, the priHciple was uncons;itu
tioual. Il sas sud that neither The Pfesl-
dent nor the Secretary could touch dollar
Of the public money. Bot this government
had fallen INTO decay, and though com
merce bad become quite too megcemry a
concern for the aristocfacy of tho pTesen,
/ dsy, as a substitute they turned their a,ien.
ton to banking, aud as the revenue vss col.
lec;ed at different points, and hafd 10 pass
through tho hands OF subordinate function
aries, every whipper 10 Of custom house
might appropriate the whole amount 10 the
purchase Of excbange. The argumebi co.
lIiely overlooked the fact that the entire .e.
venue might be seized upon w,,hou, dol
lar being appropriated. Ii this vas an ex
ample of the severe, consecutive, impiogna.
bic logic of The report, be, for one, must
have more capacity before be could be able
10 appreciate il.
MIR. NJ. said, in conclusion, that the
Bank IN the bill was ultra beyond any Uui.
Ted States Bank that had ever been though.
Of When Cesar, at the head of his Veto
Ious legions, broke into tho Temple OF Yes.
Ia, and seized the public treasure, he had
not 10 bis hands poser so gigantic as that
which was conferred hy this bill. Il vas
the long sought philosophers stone the
amp Of Aladdin was 10 touch to il. l, con.
verified reams Of paper into gold merely by
putting 1t under the press Of the Govern
mont.
With oil this gigantic scheme, concoc
ted and elaborated BY the master mind Of
the age, backed by all this force OF argu.
ment, and defended by all these illogical COZ.
illusions, be would not say iha, there vas a
man IN this Senate who would no, take it,
but this he would say, there was none here
who had nerve enough TO say " | pR AXE
II: j" Erpede Herculem." Here might be
seen, on a narrow strip Of land, which SIP
arated on one SIDE tho calm, de~p blue sea
Of Wing principles and doctrines, on whose
bosom serc upborne the des'iuies Of FREE
dom and the hopes of gazing and crpec.
ant world, from tho raging sea Of Demo.
crazy, whose wild surscs were roaring and
dashing on the other, tho footprint Of Her
cues-bui DOT the whole impress Of the
foot: for 50 narrow vas the ffaiI and san
dy verge, and 50 nearly did Tho waters ON
/ the ore s'de encroach upon its limits aud
threaten TO mlnge with those upon The o.h-
er, that there was not room for the giant
TO read without having portion Of his foot
prrnt obliterated by the wnves.
! And finally, next to the daring and pre-
sumpiuous attempt at the subjngailon of the
People by the seducDg Influence Of the
money power, that which most offended
Mr.. VI. in this document was the spirit of
base and Uile subserviency and faiiery TO
wards The Presiden: which egerywhere
marked It's pages, and which presented The
revolving spectacle Of gross and Dercena-
ry aduatioo, in The face and at the sacrifice
Of principle, nobly avosed and defended
for 20 years
But, said Mr.. NJ, have too long occu-
pled the attention of the SeGate with this
desultory and disin'egrated and disconnect.
ed rigmarole. bad intended to say more,
out as il IS always my desire 70 speak with