The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-02-03
NUMBER 10.

Ug
tend 10 no higher origin or authority, must
hold itself instrumental and subordinate to
Tho wants and uses of The People, for whose
bencfi, it was established.
But gentlemen must conteu. themselves
with simply opposing every measure which
is offered by others for the relief OF the
country. If they are dissatisfied with the
measure proposed by others, let them come
forward and tell Us what is their remedy for
the presen, disordered condition of tho
country. Surely when they contemplate
the universal confusion and disorganza,ion
which now prevail in the business Of society
Industry discouraged and par0lyzed by
the uncertainty and precariousness Of i,s
reward, commerce struggling under load
Of embarrassment from The want Of sound
medium of exchange, the incubus Of a he'e.
rogeneous and deprecated currency pres.
sing the energies Of the people TO the earth,
a, moment, too, when every consideration
connected with the honor Of the American
name, at home aud abroad, calls for free
aud strenuous development Of the national
T faculies-wnh scene such as this before
their eyes, appealing impTesslvely TO tho
sensbilites as well as Obligations OF lofty
patriotism, surely gentlemen viii no! la
coa!ens to fold their arms with sioical M
difference, and in the coldness and solitude
of metaphysical abstraction, cry out to a
suffering people, You expect 100 much from
the Government.
certainly had not expected, after the
10 irb 10 Ia
guage, employed in high quai,er on
former occasion, had me. with from tho
country, TO hear it repeated now. leiiha
Senator from Pennsylvania tells us-leaye
The people TO lhemseives-they must not
look TO Congress for reliel-and the SeDa-
tor from South Carolina joins him by tell.
ing his political friends they have nothing
f to do but TO stand still. Now, sir, while
, tue couulry is suffering under embarrass.
! menis aud disorders Of the grayest chaTac-
ter, attributable mainly, 10 my humble juds.
mcni, 10 disagreement and errors OF pub.
4. / lie policy, for cue, cannot reconcile It 10
: my sense Of duty, as servant and repre-.
0 sentative Of the people, TO stand still and
c DO nothing. believe that Government 10
. competent for good--as We know, from bit.
j ter experience, that it is capable Of evil
!, and am for an homes, effort, q. least, 10
10 do something for the good Of the country.
n. Ii IS very eviden, what gentlemen promise
n themselves from their do.no,hug policy,
10 aud defeating, in succession, every measure
>. which shall be proposed for correcting ex'
Ie isting evils. They still cling TO their cher
le shed sub. Treasury system. Their banner
10 is inscribed With the motto OF the sub
n Treasury, the whole sub. Treasury, and
!. nothing bat the sub. Treasury. But if they
IS hope ever again to bring The free people of
b this country TO that repudated system,
r. with all its iron hearted exclusiveness, its
!. selfish abandonment of the interests of the
y groat body Of the people, its Shyock exac'
@ ton Of the shelter currency for the Gov.
n ernment alone, and the absolute dependence
n Of all The agents and functiouaries Of the
IN system on the will of the President, they
II will yet find, perhaps, that they are reci1'
onng wiihou, their host
IS What, then, Mr.. President, is it nouGl.
e. bent upon us, With due regard TO the cir
D cumstances of our position, now TO do p
n, a,ed by the People, and will never, in my
=. humble Judgment, be submitted to by them
10 again. A National Bank, II must be con.
OF ceded even by its strongest advocates, ISL
Y. for the present at least. also out of the cues
lis ton. Were there no other difficulties 10
IS, the way, the admitted impossibiIily of OBJ
in tanning a subscription Of the stock of suct
nj ces, is in itself and insuperable impeachment
at 10 regard TO the State banks, like my hon
ed able friend from S. Carolina MIR. Preston
it who first addressed you this morning,
Of have always believed that judicious upt
,at regulated use Of the sound portion OF thost
d. institutions was capable OF aHordng the
he necessary accommodation TO the wants
in the Government, and might, under prope
.aI management, be made highly instrumental
n in redeeming and improving the condition
ia, Of the actual currency Of the country.
raj could never, however, under any clrcum
as stances agree to sanction the employment
Is, bv the Government, Of such of those inst
I'D tuions as are in state Of suspension, an
ire fail to NEE, their liabilities in specie O
ps, demand. An ndexible adherence to tn
,es policy OF the resolution of 1916, in refusing
ew in ali transactions of the Federal Govern
ct, men,, the paper Of uone'specie payn
ed, hanks, have ever considered Of vital an
ICE indispensable Importance. In the presen
SEES unfortunate condition of these institution
ca, in large portion of the Union, SO long
III, Il shall continue, there would be 90 lnsupeI
,ve able obstacle, therefore, 10 their employ
eat ment, wherever that state of things exists
I'm. and it cannot be disguised, also, that, III
the der the united hostilities which both OF II
ish great political parties of the country hay
the Of late strangely concurred IN wagIng
ha, the system, a return to 1t, as measure
tn. practical administration, would be emba
raised by many difficulties not inherent
IN the system itself. Until more propiiio,