Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1843-12-19
ETr. Vyebster'5 AndOver speech.

One of the able correspondents of the n.
Y. Evening Post, makes the following obser-
%vations on the late speech of Mr.. Webster at
Andoycr, Mass.
In what Mr.. Webster has to say on the sub
iect of the currency, he principally quotes
from his own speeches delivered in the Senate
of the United States in the years 1887 and 80,
and his Faneuil Hall speech of the same year.
He IS careful, however, not to quote from, or
allude to, his speeches made in the Senate in
1916, in which he uttered the strongest CEN
sure against a paper currency, and painted the
evils produced by it to the laboring classes, in
language as forcible as ever came from the lips
of any man.
In 1916 Mr.. Webster denied that Congress
had the power to incorporate a bank under the
section giving to it the power to coin money
and regulate the coin, &c.
In 81 and g, he does not claim the consti-
%tutional right of Congress to issue a paper cur
rency, S'havlng the odor of nationality about
it" under that section, but contends that it may
be done under the power conferred by the con-
%stitution 'to regulate commerce." Mr.. Web
ster does not mean foreign commerce, in fact
he says SO. Nobody denies the power of
Congress to regulate the mode and manner of
conducting the commercial relations of this
country with foreign nations and every body
knows that no paper currency with or without
a Irrational odor' can be of any use in our for
eign trade, as THAI has always been, and al
ways must be, carried on upon the principle
Of paying all balances in coin or bullion. But
he does mean and so he says, the domestic
commerce of the country the commercial
dealings and trade between individuals of the
same state, or Of different states. 1t is not
contended for by Mr.. Webster, that any other
power conferred upon Congrers by the consti-
tuition except this single one Of regulating
commerce, can give it the power to issue a
paper currency ; and he admits, that it is only
applicable to the domestic or internal COM
merce and trade of this country. Now | should
like to have Mr.. Webster explain the nature
and extent, of the powers of Congress over
the domestic commerce of the country |
confess myself unable TO perceive that, Con-
gress has any such power. If that be so,
then this farfetcled influence of Mr.. Webster
falls to the ground for surely if Congress
have no power to regulate the domestic COM
hlSiCe ol tue country Dy leglSialOn, no duty
can be imposed upon that body constitutional
ly, TO interfere with it in any way whatever.
MISSISSIPPI WooL-We were shown the other day.
in the finishing room Of the Middlesex Manufactufinc
Company, in this city, a most beautiful piece Of black
cashmere, the wool OF which was raised on the praincs in
Mississippi. We were informed by Mr.. Lawrence that
the wool was among the finest specimens of American
wool he had ever seen-certainly the cloth was the
most elegant we have ever seen. There can. we think.
be but little doubt that this country, before many years.
will not only be able TO supply our manufactures with
wool, but vast quantities will be exported 10 England. If
such fine species Of wool can be raised in Ms issippi.
a State in which sheep can remain without shelter all the
year round. where land is cheap and pasture always ver-
dant. what Is to heder this county from becoming the
greatest wool growing country in the world-the west and
southwest in particular We look forward to that day
with the most perfect confidence -Le1geN Courier. .Nap.