Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1843-04-13

save teHuehCV 10 operate unfaVoraDlY
upon certain portions of the county
would raise the value or price OF all
those articles which were protected
would operate against the consumers,
rho would not only have to pay the
tariff duty, but the additional profit of
the merchant. In speaking of the dis
trlbutlQn policy. Mr.. t. hetJythe senti-
t;ments generally entertained upon the
subject by the republican pgrty. He
did net believe. from the tenure OF the
| ACT Of cession. that Virginia intended that
the general government vas merely
constituted Tra1stee TO dispose of the
lands ceded, and then distribute their
proceeds among the several states,
nor did he believe that under en-
isting circumstances--the government
being in debit was expedient and
proper fer congress TO give away the pro-
ceeds of the sales OF the lands.
Mr.. Stuart followed Mr.. Taylor. Tie
commenced, by stating the circumstances
which brought him into the field He
then endesyored. in CIT able and eloquent
manner, to defend his party from the
charges made by his opponentin regard to
their the whig's)faiIure to fulfil their pro-
misses to the country pending the late
presidential eiection-said that they had
fulfilled their promise to introduce more
economy than their predecessors. the re-
pubIicans, had observed they were
prevented from fulGE,ing their promise to
restore the prosperity Of the country, by
regulating the exchanges and Furnishing a
uniform currency, by National Bank.
by "THr TRAITOR, JOHN TYLER -
who had SO basel deserted the party that
elevated him to power, and thwaTted all
their measures oF:elief ;--or rather. tie
| measure Of relief, a National Bank. Up
on The subject ola National Bank, Mr.. S.
was enthusiastic. He gave it as his firm
beIief--would he willing to risk his repn-
tation upon i}-t'lat, had Capf. Ipzer
signed .Mr. CJays 6G7ak bill, the country
:could By has time haze been entirely re-
Iievsd f'Ons lis embarrassed Condition.
THAI commerce and trade in general would
have been Spontaneously revived, ''ds By
mag5c''-the state banks, whose Issues
constitute almost exclusively the cnrren-
cy Of the country, would 3are-bcen COM
PEELED either to redeem their notes in
specie or liquidate. Indeed, MIS-. look
ed upon the establishment OF a National
Bank as indispcnsabIy necessary to the
existence Of our poiitlca! fabric itself.
Now, the very powers which are attrbu-
ted to such an institution. in regulating
both the affairs Of the fsderal compact and
the policy efths separate states. constitute
the ground upon which we base our most
conscientious objections to the measure.
It would be legislating for the states in
matters over which, as sovereign and in
dependent communities, they alone can
have exclusive jurisdiction for, mark it,
a National Bank is to affect the whole
body, social and polite, "as BY mogic"
+" Money is powers" the posver that is to
bring about SO magical change in the
affairs of the country, is money. Ard
what Political end could not this great mo-
neyed power accomplish? The govern.
ment itself. and its patronage. would be
at its disposal. Upon the subjects of
Farlf and Distribution, Mr.. S. held the
doctrines Of the wings generally. We
understood him 70 say, however. that he
was not in faVcr Of 1iscriminciiag
iarltf-that he was in favor Of a Tariff
for revenue oniy-one that would. at the
same time, afford Incidental protection TO
domestic manufactures. The proceeds
of the sales of the public lands, he
thought, ought to De distributed among
the several states--thought that congress
had the right to do so--that the govern
ment sustained only the relation Of Tus.
lee toward The states, &c.
We are sorry that we are not prepared
to give our readers more extended no.
tIce CT the addresses Of these gentlemen.
But not being able to get situation
IN which we could take notes of them,
we can only furnish a faiEt outline Of
what we heard.
National Bank and ErcAanges.--Cur
opponents 1.-THE whigs) urge as n reason
why National Bank ought to be estab-