The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-04-27

above tuat reasonaDle rare OF. uutteS, dn1
therefore felt myself constrained TO vote
against It's passage.
CURRENCY.
When Congress assembled at the extra
session, II was generally expected and de
sired that some measure would be proposed
and passed, 10 better aud improve the tinaD
ces of the Government and the currency o
the people. Accordingly bill TO establish
Fiscal Bank of the United States passed
both Houses of Congress, aud was vetoed
and rejected by President Tyler. A Sc
cond bull to create Fiscal Corporation
was next passed by Congress, under the be
lief that 1t obviated aud avoided the Press
dents objections TO the first bill but that
too, was lost by PresIdcn, Tyler's velo.-
After two different bank bills had been We
toed by the President, i, was deemed in
expedlent and unnecessary TO make another
effort on that subject.
voted for both those bank bills, end We
~ much regret that some measure of thai
kind dad not become law. You, fellow
citizens, know ! have steadily held and
maintained that "a paper dollar ought 10 b.
Of equal rdise 10 silrer dollar" and that
Congress alone can make sound currency
of equal and uniform value throughout the
United States. We never have had, and,
IN my Jud gmen,, We never can have, unI-
form currency OF specie par value for gene
raj circulation through the Union, emaDat-
ing from The separate State governmenis.-
| believe that some financial instrument,
created By Congress, is necessary and pro
per 10 furnish aud facilitate the finances OF
the Government, and the currency Of the
people. am opposed to the conduc; Of all
banks that do not keep their notes al specie
value but good, sound, specie paying bank
is of advantage 10 the Government and the
people. Gold and silver are the only con
s,iiutIonal coup, bu, they are not the only
constitutional currency. The actual cur
rency ia circulation is bank notes, and if
god and silver money were demanded and
sxacled OF every person who owes a debt,
the debtors would soon be sacrificed TO their
creditors, ard Tho poor would soon be sold
10 the rich. A L. States currency is iast
as necessary 10 trade and commerce as a
I. s. Government. Some persons say, We
can "gei along" without L. States curren-
cy. So We can, bul very badly. We can
make some corn by The use Of the hoe only,
bat we '.gel along" very slowly, and lose
great deal Of time and labor. We can make
much more corn with less labor and more
speed, b. the Use Of the plough also. We
can get along with a wagon on the farm
and in the nelghborhood, with small quau
titles, but we can &c; along much faster
aud cheaper, and transpor; larger qqau.i /
ties by the use OF ships, steamboats,, and
railroads. These are the instruments OF
commerce, and currency IS the instrument
" tools Of trade. Every farmer and me-
'hanlc knows the difference between the .
working With good and bad tools with the .
lse Of lhe first you lose neither time nor Ia.
,or, but get q full reward FOR your industry /;
with the use OF bad tools you work to great
disadvantage. and lose both time aud labor, p,
lnttl the summer is wasted, The harvest is
over, and the crop is not saved.
The question OF currency is choice Of
Shall the Government and
he people work With good tools that's
be question. Shall the farmer, Who tolls
III day long 10 bis field for bis wife and
Ittle ones, have and enjoy the fruits and
,rofits Of his own labor and industry, or
must he give the ,lhe of his crop, or ten
YER cent. OF his money to shavers and spc.
to exchange his deprecated cur.
ency for good money? The taxpayers
AVE a right 10 receive some retura aud G
,uivslent for the contributions they make
0 support Government, and that eqniva
ent should be a sound and uniform curren.
y. Money Is The reward or fruit OF Ia Dor
I IS the MEDIUM through which one man
abor or property Is transferred and chang
ed for anoiher's. The General Govern
neni has express power to make and regu.
ate the value Of money, and TO fix the
standard Of weights and measures. The
,spef dollar IS iC he silver dollar Just what
ne wooden ya,dstick is 10 the brass gard
Measure. When the FIRST IS Of the same
'alue, and the second is Of the same length,
hen the intention Of the Constitution Is fol
lled. when the paper currency is de-
ranged and deprecated below specie par
'alue, then the fault 10 in the General Gov
and II is the imperative du,y Of
ne standard keeper and regulator OF cur.
ency 10 correct the evil by legislative
lactmen,. That was done by Congress IN
ilfi-rent bills, bot The Pfesiden. interposed
us constitutional power, and said, Veto, or
forbid that either Of those bills sha.! Be.
,Ome law.
The President would not agree with
congress, and be could not agree with
lmself; for he then had no plan, and
fanted time until the next Congress to
oucoct and prepare some scheme. At
le subsequent session, he presented
through the Secretary Of the Treasury
bill for Government bank, called an
Ixchequrr. 1t gave too much power 10
lie President. ! would much rather di.
nlnish than increase the power aud pat
onage Of that officer I" His power has
Increased, is increasing, and ought to be di.
No one man in republic ought