The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-12-14


nanas q lss 8 lasls O. nssilS aNsas, a,
esn. ,hsss 80 fars. -. sra.6s,.s.
q ne ffekie 10 ~ snarEIily Il Ilsn c.,
esnmrns kss Ghus besn ssrnails msna,..
ID. 1hsss epinasns sslailts q n. -.
lle Lands q sd IN snF n nnss ~ :
.iih ne ehsessnes ef ne arss lsl.,,l
policy lrwsrds ahose ri cor isllpw-r,,.,.,.
.ha Press far1ssd inla lhe aile.,a...
and are he riaussss N Ihs wrsk 4 s..,s.
slsmal0n. Il segunFg u ST snrA, 81,
flghss ~ pre.smrii0R. lhe 6ossrsa.,
pesfarms bps ~ arl u rstak6tlse I..,e.
for esasIirgs fressa'rssd snd Lar.i.l,,.
enduErd. snd frds anpls .sasner.ioa n
lie eo@fors ~hssh re p~lley sn.uIt.nd
the hspbiesss whlrh % sn.psf's.
Shsuid sssi.ien q III lalG. niu +,
risE 70 rrssnns. heeame nese.s..v N he
eslmssisn ol cnsgss... I dab, 10, ,ru
vii aerreaeh Ne cot jsrs ' M IL, and
sai4hlsn nd regard ~ ne lnwrtss II uls
Whole Usioa. The pnncis le. rdssws
shleh lave heretofore hsd asrassiun "a
slbmsi. remaia varhsnres. Itras, h.w.
ever. never be loo sllsn lepss1d, hat
the pfominehi iLIsfesi nlessIy impar AIT
pnfssn 81 life. requires fof sLer.ss Scr.
msnrHey and slshilly IN lrsi.la Ion.
fhesf can oalS be aasinsd BY sdopt.n,
- Tie ta.is Of selma. moderation - N
things. .hirh 10 - iad,.psn..bly n.ee,.
sary 70 secure The karmoaiogs action Of
The political as Of The animal .yslsm. IA
our political organizslien. no one section
Of The country should desire 10 have y.
supposed inlsfssIs sdssnecd 81 lLe seer.
zee Of 81 others: b1l Uaien beng he
great interest. equally precinus 10 an.
should Be fos,sIea and sustained By M.
iUal CONCESSIONS and the rlllls.iion of
that spirit &c eomT promise from sLieh he
Constitution itself proceeded.
Yuu Will b ialO'asd. By tie report
from ihe Treasury l)eparlln, nj. al lie
measures taken under lhe eel 81 The Ia,
session, suIhorzIng The reissue ciTt,a.
saTy notes IN lieu Of those ih.n ou,s,and-
ing. The sy.iem sdnpied IN pur,uante
81 existing Laws, seens well esleuiaird
q save ihe ro,ntiy large amount IL IN.
lcresi. while il affords eonyenienees ind
ob,iales dangers aud expense ia the
usnsmIssion ni lunts o. disbossing seent,.
rsfrr yoa also 20 that reporl Coz The
mean. proposed BY The Secretary 10 ~.
crease the revenue. and parIieuIsrly 1,
,fal poiiian Of y sLirh fel.us 10 The ,ub.
eci Of ihs wsIe-hnusing sysea. xh,ch
\ ! Earnestly urged vpaa Congress ), i,
last session. and .. - Tie impari4nre of
sh,eh my opinioa has undergone M
change.
III view Of he disoldeTed condition If
tie currency u lie Time, and The high
rae. Of rxshsnRe bttwrsn dlilsrrni paris
IT lie county, fsllH % be incumbent on
M, to present 10 The consideration "f your
predecessors. = proposition conflicting in
no dsgrse with The Consultation. or enh
The rights II The Siatrs. and having iha
s.nct,nn MOI IN DEAL. bui 10 prinel, L.. Of
some al tie eminent men gho had pre-,
cedrd me IN tie ESecuuve ufEics. Tia.
proposition contemplated the issuing Of
Treasury notss ol denominations no, less
ihan Eve nor more than cne hundred dol
la,s. 10 be employed IN payment of the
abligallnns uf tie Government IN lieu IL
gold aud silver. Al The option Of The pub
lie creditor. aud 10 an amuun, mol exceed.
ing sI5.O00,O00 u Vas proposed to
msks them receivable every wh,re. and
10 establish at various points deposIturies
OF gold aud SILVER 10 be held N tIusl fur
the Iedemp ion Of such notes. 90 rs to en-
sure their ron,ernbilIiy into specie. No
doubt was snieriaiped that sUrh notes
~Onld have maintained q ar value with
gold and silver, thus furnishing PAPER
currency Of equal v-lue over The Union.
thereby mtetIea The just exptrt.uons Of
the people aud fulfilling the duues al
parental Government Whether the de-
pn'itnTiss should be- permiusd To sell or
purchase bills nbdrr stry limred rc.Iric.
tlon., tngr,her with sll II. other deals,
was submiueh Ia the Wistnm Oi Congress.
aud was regarded 3, Of secondary imrot-
lance. thought lben. and iliuk now.
hhS' So1h new
been attended With the hsppiesi resul's.
Tie ahole na ter IL The currency wchlj
have teen placed whe,e hy the Consti;u-
uon u wss feslgned l., be placed--under
be immediate supervision aud ctnH"l OF
Congress. The action Of the GoyetD~r
ment would have been independent oil Ill
cnrpHst'ons. and the ssOe eye "hIeh
rests increasingly on ,he specie currency
and guards II tgsies' ahultersiinn. would
aIsu have res'ed on. the paper currency,
ro,rnnuol and regulate lie i.sne. aud Pio-
Iert it against depreciation. The same
rrasnns which would IMbid Cnngress
from psrtI"g with HE power over The
coinage. would seem To operate vi b neat
ly eqosl i"rcs in regard 10 any sub-t tn-
mon tar the precious metals IN the lo'm
oi a c'tcul'nne medium. Paper. when
substituted for specie. constitutes a stan.
-. l. - -. M