Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1843-01-18

be the las; 10 'ra;np.c OH the Constitution
Of his country. Once admit corporations
Of my kind. aud he knew Of no lirni,a-
tons. Some Of The banking corporations
were identified with the State Treasures:
this VAS the case in Alabama. aud to
sumo exieut within his own native Stale.
Declare the Stale banks Of Alabama in q
state Of bankruptcy, and you might sweep
the whole State within The lava law
which had beeu passed by fraud and all
SORTS Of iniquity.
What would be The fiscal elTec, of such
an arrangement! 1t would be TO put all
the banks Of The South aud SouIh-wcs,
into the hands OF the banks Of New York
aud OF New England. Declare the first
insolvent, and compel them TO 20 into
bankruptcy, and you would place them al
The feet and a, Ibe mercy Of their Northern
%neighbors. The result would be. in cf-
feet, TO establish a grand national bank in
New York, with branches in New Eng
land and in the Southern ani S~uulhwes-
tern States. He was astonisned that the
amendment should have been opposed by
gentlemen from New York and New Eng
and. except indeed on upright. constilu.
tiouol grounds; never. certainly, on any
calculation Of their own advantage. de
considered the whole measure as uncon-
slitutional, aud as otious in u high degree.
lie had opposed the amendment because
he held it TO be Of the most dangerous
tendency; sweeping away, as it must,
with q ruthless hand, every power reser.
we'd 10 the States. 1t might be very right
in itselfthat some of the banks in the coun-
try should DO declared bankrupt; but do
this by a Federal statute Of bankruptcy.
was Of the worst example, aud would go
10 cover cases of every sort.
As. however, Mr.. z. was sensible how
hard il was 10 gain the attention Of the
House on topics Of this description. he
should say no more about them, but would
pass 10 some others which had been star.
ted during the course OF the presen, de-
bate. The gentleman from Massachusetts,
Mr.. Gushing. had certainly made . very
extraordinary speech. and one which had
been quoted aud interpreted in a variety
Of ways. He did no, know that he cx-
actly understood that g%cntleman's true
meaning in what he had said. If he had
meant, as some gentlemen thought be had.
that The power and patronage Of This Ad.
miuIslra,ion had been held GU, for The pur-
pose of winning over those of peculiar
description Of politics, or that they were 10
be welded with a view to put down some
and to raise others. il was n matter Nth
which MI. Z. had no particular concern.
But il, i'll what he had said, the gentleman
referred To any part Of that portion of The
Democratic party with which il was Mr..
P's. pride and honor 10 act: he would say
to that gentleman that he ,rampled such Of
ters with scorn ard contempt beneath his
feet. He never had asked for ~favors, nor
had he ever dreaded, in tic slightest de-
gree, the whole power Of the Government.
On the contrary, he had stood up boldly
against it n, Il time when i, required some
nerve TO hold such au altitude. 1.-The va, I .
be reduced TO a state of dependence or SER
Willy 10y offers or persuasions ofthe imple-
tneuts OF Government here, it must be o..
lssome o,hcrsoccasion than the present. No,
that he had any objcctio 81 10 the existing
President: Mr.. P. respected his private
character for integrity, ard though he had
been lraduccd aud abused ia n most
shameful manner but it was not Mr.. P's.
partto iawn or 10 act the ~sycophant to
any representation Of power. He ,cjoiccd
for one, 10 see the gentleman from Massa.
ciiuseus standing where he now did he
had long served "i,h that gentleman on
The Committee on Foreign Affairs. and he
hnd always thought the gentleman secured
10 have u secret leaning to their side,
Shouts of laughter, but that from terror
Ut his colleague over the way. Mr.. Adams,
II would he II long while before he express.
ed il. Rene" ed n"rrlmru'. Mr.. =
remembered the speech the gentleman
mad made upon his moIIon 10 alter the
lille VI the Suit Treasury bill /: and allho'
The gentleman was at that time violent,
ultra, aud almost abusive, SO much so rs
almost 10 raise even Mr.. P's. ire, a
lauah, land although the Other little gen
tlrman from indiana had been So very ia
rious that Mr. z. at one time almost frar"d
In nave been behendri III his seal, ~ b. So
valprnus!y afPrnhcnctl II III Que OF ims
mrua upon the l,or,-ilc congratulated me
,cuIlaman "n having now embraced Tie
l.u,n-. M. u. at tnal lime held, aud still
c~on,uuci 10 hold. And although the tru :
mIcHJ 10 happen to he clothed in The
-inienng aud gorgeous Irappings of power
ne did not blame the gentleman for having
IS paused her when thus urrayed. Truth.
ne knew, was said 10 be mighty and would
! prevail; but Mr.. i. also remembered thai
| The Aucien, Greeks, who were wise in the
philosophy of the human heart, and pos
,essed Il thorough acquaintance with its
most subtle workings, had represented
Truth with a cyo'cn upon her head and ar
rayedin the shining habiliment OF power.
lie would nol be understood as m Gaming 10
say that lhr gentleman had been Induced
TO fall in love with truth because he be-
held her thus arraycd, or liked her any
the better Tor The crowr size wore; bur he
mus, be permitted TO congratulate the gcn.
tlelnan upon the fac, that more than TWO
thirds Of his Eschequer report, went. oul
and out, for tue Sub.Treasury plan and
the Sub-Trcasury doctrines, which al Que
fine tho nputIeman ho1 varrcd apains,