The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-07-28

exssnesd. de arts 6sefi.hins. ne face
81 ths eounuy improved. oef people
fully add psosl.bly snplayrd. and ths
public easnssnsnes srhsbiiirf trsnqpsii~
~. ,eonlentmsni ard happiness. And
IL we dsserad inis psHirslsfs. we have
he sereeshle eonifmplsiian Of people
oSi " debt. lard rising slowly IN sslnr.
bot IN : ssrHse and ssluissy degree; are -
dy. though noisxHsssgsnI. ass,ksi faf al
The surplus productions Of our industry.
innUBerahle harks and herds hf0s sing
and gsmbolline on zen Thousand hills snd
plains. covered with rich and verdsns
grasses: our ciiirs sx. snded. snd Whole
villages sprIngine uP. ssi ssss. by en- !.
ehantmeri; Qua erparis insresssd and an
crossing; our tonnage. foreign and coast
sise. swelling and fully oeeap'st; he ~
vsrs on our inserinf animaled by the n+r-
pelual thunder aud lightning Of countless
steamboats,; The currency snund and abun.
dsnt The public dfbl Of iwo ware nearly
reds, med; and. 10 crown al. The public
treasury ose.anwinR; embarrassing Con-
grsss. not 20 find subjects 81 lax,iion. kuf
10 ss.sei the shjeeis whlrh shall be hber.
slsd from The imposl. IL the term of
seven years ~srr 10 be sslreIsd. Of the
greatest prosperity which this people
have enjoyed. since the establishment of
their present Consultation. ii wonld Be
exactly that period ri seven ysars which
imm.dis'ely followed The passage Of he
Tariff Of 1884,"
And that period embraced The ~hols
term ~ the administration OF Mr. John
O. Adams. which has been 90 lnjuslly
sbusedl
The contrast in The rs's II the conn
Try, siihs tao periods Of 1882 and Issz,
i most remarkable and Startling. Whss
has precipIisied Us from that great height
Of envisbIe prosperity down 10 the low
eel depths Of prcunisry embsrrsssmenisf
No foreign Zoe has invaded and desoia,ed
the country. We have had neither "a.
mine nor earthquakes. That there exists
a cause there can be no doubl; and think
u equally clear that the cause, whatever
IL may be. must be general one; Tor uo-
Thing but general csuse could have pro.
ducsd such widespread ruin, and every
~hers we behold The ssms ar similsr ef.
fscis. and every in,ereri Effected, every
sre,ion Of The Uninn suffering. all de-.
scripiinns OF produce and property de.
pressed in value. And whilsi I endss,sr
20 hnd oul that cause. and 20 trace IN their
true source the disastrous FL, cts which
ws witness and feel. and lament, I en-.
treat the democratic porlinn Of my al.
dance, sspecislly. tali.ten with psiiencs
and candor. and. dismissins fnr mament
party biasses and prrjudices. 10 decide
with impsrtlaliiy and ia spiri. Of eenu.
Inc patriotism.
i |, has been said By those in high su-
thority, that the People are 10 blams and
not the Governments; and That The d,sires-
ses Of the country have proceeded from
speculation and o,errsding. The people
have been even reproached lor expecting
TOO much from Government. aud moi rely.
/ ing sufficiently upon their own exrItions.
Aud they have been reminded that the
higbss, duty Of the Government 10 TO take
care Of itself. leaving The People TO sh,is
for themselves ~ we'll ss they can. Ac-
cordingly We have seen the Go, eminent
reireating from The storm which u will he
seen, IN the sequel. itself created. and
taking shelter under the Sub Treasury.
Tia, there have some speculation and
overuad,ne. may be true; bu, all have not
sreculated and overtraied; whilst the dis.
Wess reaches, if no, in the same degree.
The cautious and the prudent, aud as
we'll as he enierprlsing and sdven.n.
rous. The errnr of,he argument consists
IN mis,akIng The effect inr the cause.
What produced The overlrading! What
was the cause Of speculation! How
we're the people tempted 10 sbsndon the
industrious snd secure pursuits OF life.
and embark in doubtful and perilous. but
srduciug enterprises! That is The ,mpor-
tsnt question. -. *
Now. fellow citizens, Lake upon nv.
sell 10 show tina, the people have been
lar less 90 blame than The Go eminent,
and ihs, whaIeser Of error they commi,-
ted, vas the natural and inevitable conse-s
Iquence Of tina unai.e policy OF their ru-
iers. To the action of government s main
ly to be ascrbed the disorders. embaIrass-
ment and dis,rees which all have now 90
much resson {" deplore. And. 10 be yet
more specific. Think they are fairly to bs
attributed TO The sc,inn oil the Executive
branch al the Federal Government.
I These isc,s or events. all happening
sh"u. the same time. IL their immedia,a
ehrc.s are duly transferred. will aff. I'd
cleer and satisfactory solution of all the
pecnnlary evils hlch nov unhappily Al.
a,cs ,h,s country.
j. The Gre, vas The veto &c the ie charter
OF The Bank &c the Uni,ed States. The
, second vas the removal of he deposlus
OF The United Stairs from tha, Bank TO lo-
cal banks. And The third vas .he refusal
: Of the President Of the United States. by
an arbitrary s,re,cho Of po~er. 10 sanction
the passage Of the Land B II. These
events all occurred in quick saccess,sn,
Q lS32-33. and each of them dessf,ss mar.