The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-12-01
From the ". York Courier and Enquirer
MIR. Websterss Andoyer Speech.


From the ". York Courier and Enquirer.
MIR. Webster's Andover Speech.
We give below a synopsis of this impor.
tant speech, and We have 10 hesitation in
saying that i. isno, only worthy of MIR. Web
ster, but meets our utmost expectations IN
regard to his opinions on the great nation
al questions, in supper, of which, the Wing
party expects, as heretofore, his powerful
CO operation. Instead of occupying toe
time of the reader with our own comments
on this speech, we deem it important TO lei
Mr.. Webster speak for himself; aud as Its
great length will necessarily prevent many
persons from reading it, who at the same
time are very DESTROYS to know wha, Mr..
Webster says in relation to Bank OF the
United States, The Tariff, and his own re-
ations to the Wing party, we present The
following extracts for their benefit:
.Mr. Webster on a United States Bank, IN
1888.
"For the sake of avoiding all misappre.
tensions, on this most important subject, |
wish to state my own opinion, clearly, and
10 few words. have never sud, that II is
an Indispensable duty in Congress, under all
circumstances, TO establish National Bank
No such duty, certainly, is created by the
Constitution, in express terms. l DO not
say rh0t particular measures, are enjoined
by The Constitution, in this respect. Con
gress has its discretion, aud il! Is lei, TO lis
own Judgment, as to the means mos, proper
to be employed. But say the general
duty does exist.
81 maintain tina, Congress is bound 10
take care, by some proper means, TO Sc
cure a good currency for the People; and
that, while this duty remains unpertormed
one grea! oblec, OF the Constitution is no
attained. II we are to have as many differ
ent curfencies as there are States, and these
currencles are to be liable TO perpelua
luctuaton, i! would be folly 10 say that VT
had reached that security and uniformity
in commercial regulation, which we know
it was the purpose Of the Constitution Il
establish.
! Mr.. Webster's Present Opinion.
/ The tendency is this large prices, BY
creating demand for money, induce larg'
issues from Banks: large issues tend TO rais'
prices. Thus prosperity begets excess
and excess terminates in reyulsion, and thi
will be The history OF our business affair
most surely unless some check, some con
trol, be exercised over the whole mat,er.--
Now, gentlemen, do not say never have
said, that Bank Of The United States va.
an Indispensable agent for the good admin
istralion Of the Government, or The pros
perily of the people. only mean to say
that it Is the duty Of the Government II
take care Of the currency; and in favor o
q Bank said that i, had been repeated,
tried and uniformly with success.
/ One other remark will make upon tdi
subject. Seven or eight years since de
clared in my place in the Senate, that hav
/ ing very much desired the continuance G
the charter 10 the Bunk from sincere con
riVrIou Itai butiI Guuho ~h,eh had been or
gan'zcd by authority Of Congress had beeI
productive Of good, made up ny mind il
I Gen. Jackson's time, that We could nc
possibly establish another Bank ill Their
should be decisive call BY the people 70
such an institution. Iremain Of that opin
ion. Aud have said on another and NOR
recent occasion, that it appeared 10 M
that Bank Of the United States, iouudet
upon private subscriptions, and inyes;e'
with the power Of discount, was out Of III,
question. Think so still because the cir
cumstances Of the country have changes
since the expiration Of the charter. Stat
institutions have greatly increased, and ma
ny oil the States derive considerable por
tlon Of their revenue from taxes upon tht
, capital Of the banks within their limits
Nevertheless, am quite wiling 10 agree
Nat bank 90 the old model ig perfectly
constitutional and if The time should eve
come when by the wisdom of Congress
and the general judgment Of the people, G
bank on the old plan aud model should seen
proper 10 be adopted, II would have my
beatty concurrence. But still | think that
an institution Of that sort should be an in.
stilution rather for controlling issues and
for taking care Of the issues Of other banks
than for discounling paper and thus furnish
ing capital for private business.
Mr. Webster on tie Tariff.
This power lis consitniloaahiy1 wa,
considered established by the trainers Of the
Constitution, and, this being admitted and
proved, the question comes to the expe
diency OF the exercise oil the power.
Here, again, let me say that | Wish nc
such exercise without much confederation
and moderation. The shipping interest, as
well as The mechanic interest, are concern
ed so that both must b. looked nfier and
cared fer. wish 10 all laws on this sub
ject, that nothing excessive may be intro.
duced; that no traps shall be laid tina,
nothing unexpected shall spring in the way
Of the mercantile, or any other interest
but that only that shall be enacted which
will DO expedent for the whole country.
Gentlemen, believe that tariff of mod
crate duties, carefully LAID, is expedient for
the Whole cnunfrv