The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-05-04

- sAiNMs &A# Alar ANAAlMAAN - Ne-ANN.Ae
~ n.sn 80 A. h~sa - alsse ~ ~
1islnssisn e slhsE and hetarr n.en. iaT
Pallssrsl ressaas. ~ssld he = ssnrl'sa.
eansuDmsas sd PsEpslsaas rsosrsiFisea.
Bsl Il q easld be Fsessdsd - PrasrF.P.
aisr. .ho = = be iassiy repsosrhsd wllh
hegianisg prosrnpsisn 10 lis enGnMy
: NJ msa ELI acre PEoissaely thaaI
he Did he esils uLich 2sse likely %
gee ess Il sHueelss lor he prEs II
6essrnmenis 18th lie d.sltshel,en Il al
10 h0nass I'D ofires exclusively eon6a-
"a 70 si,s seeces.lui party. lie d~lbafd
whsEhsr auf ., stem raaldlaRg enense me
raessq-sEcs u ssrh ssrussirs. Bsa he
hspsd hat rsAedy sesld be hereafter
found. eishsE in he sa.endaent n ihs
Csustiiutisa AZ me I.as. . gssrd against
lhsse rrlls."
Mr. clay ralersd ~ se@s lrnglh inio
he hislary u Inc sGagis ~ the Wings.
5sring the Ealrs Ssssian. q resI0rs ths
snneRcy e me raanuy N lh- ssisblish-
nrni of National Rank. ThrIe is one
rireumsisnes COINS cied with 'hsl history
hsl has bssn generally less nnd.Trtssnd.
and mare grossly misFep6ssealrd lhsn any
oshrr. We seIrr a The I6.h seriian oi
he second B4ak Blll-iis ehsrseler aud
The Cause OF he adoption. This was ex
planned By NJ. Clay IN clear. l.eid. sbd
shnrely satsf,rloEy Raspef. The see
lian IIss NJ rsads lhus:
/. And llse said dHerlsrs may also ss-
iahlish me nr more eo@pelen, Offices u
Jlsrouns and deposiI Ia any ore leint0ry
or dIsluc. Of he United s ales. and IN any
State, with The assent 81 sneh Stale; aud
whea established the said .fIier &c .fices
shall not be removed Or wiihdraan BY
The SAID directors priOr.io ihe erpirallan
Of The charter. ilhoni the previous assent
Of Congres.: Pfosidso. in respect Ia any
Sac which .lall moi, ., HE first session
81 the Legislature thereof held al,ef the
passage IT this at. b. resolution az ataer
usual legislative proceedings. nnrondl-
iionslly assent or dissent 90 the establish
menI of such Office or Offices within l., the
assent Of the saId State shall lhenatsr be
presumed; and rioylded, nevertheless.
that ,CLen IL shall become necessary and
proper Tor carry ING into execution any 81
the poweTs grated Ia the Constitution, 10
establish an afIice ar offices 10 any al the
S,sies ahstsssr. and the establishment
whereof shall be directed By lsw, u shall
be The duty ii The said directors 10 esiab-
lIsh such uilirer or Offices accordingly"
The question Of The ssseiol he SIstes,
Mr.. Clay argued. was ore Of ex pedisney
alone, and did not involve the cons itO-
tionsl power ii C"ngIrss 10 establish =
Bank. That powrr was CLAIMED and
exercised IN The establishment Of the
Bsnk--ihe privilege Of branching sas =
matter enurely destined, and might be
conferred. subject 10 any reductions.
upon the Directors, Congress might see f.
TO impose. and those restrictions cuuld
moi, BY any far construction. be under
stood as q concessI0n on the part al Con-
gress, ar IN abandonment 81 Its c0n,ti,u-
,inusl power. Bu, the last rlaaselof, the
section. Mr.. e. affirmed. rendered the
matter beyond all dispute. that Goueress.
so lar from yielding or seeming 10 yield
Tvs cons i.ulionsl power TO establish
branches in Tie several States. expressly
asserted The power 20 exist, and declared
It's intention tn exercise IT Whenever u
might become. in the words Of tie Con-
siitution. " necessary and proper Cor carry
log into execution any of the powers gran.
ted to Congress" by that INSTRUMENT.
The charter. in this form, was not such
as be himself. or the mass of The Wings.
would have pr ferred. buI they regarded II
as a question OF expectancy. and not as
matter Of principle. and as tie bill could
only be passed bv retaining this feature,
the grea, body Of The Wings we're w,lling
to yield this minor consideration for the
sake of securing the passage OF The bill
and furnishing 10 the Country sound aud
uniform currency.
Upon the QUESTION: If The Tariff. and
The Distribution Of The pr1ceeds Of .hr
Public Lands. Mr.. G.. cnnclasigely show
ed ,h.i the Why's in Congress had done
every thing tlia, cuuldb be expected Of them.
They had succeeded in 'ssing TsrIfl
which. wEiIe il Affords sufficient revenue
10 meet The wants of an economical adj
minIstralion of the Government, at The
same tine fnrnisies adequate incidental
protection Of American Industry. The
Wigs had been censuied for the clause
which was attached to the Distribution
Bill as originally passed. providing ,ha,
wheneyer The rate OF dulies should txceed
90 per cent The Distribution should be
IL this way only could The
Bill have passed al ;hat time. aud belle, ing !
that. in the adjustment of The Tariff, il
would mt be necessary 10 exceed Il,a,ra,e,
Or that il II shout !, III. p'stponing clause
might be afrrwards REPEALED, the Wings
rather Than lose The Bill entirely, gave
reluctant consent 10 us lnuodurhon. AT
The next session tia, clause Vas repealed,
md the D,stYthntiYan I.w atr,nneh al al |