Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1843-11-23
NJ M BER 30.

not been able to erase this general powel
over Commerce.. Their { t., in this res
rect, is hike that of him IN ancient story.
While endeavoring 10 tear up, and rendca
asunder the Constitution, rs strong fihres
nave recoiled, and caogh, them ia the
cleft. They experience
Miles fesrfulend---
Wedged IN the t;nsber which they strove to rend~
Gentlemen, this constitutional power can
never be surrendered. We may as wea
give up the whole commercial power at
once, and throw every thing connected
with Il back upon the States. lfCongress
surrender the power, TO whom shall il oass,
or where shall il be iodged7 Shall il be
Jeff TO six and twenty ditieren, Legisla.
turesl To eight hundred or thousand
uncannec,ed banks7
No, gentlemen, to allow tina; authority
TO be surrendered, would be to abandon
the vessl Of State, without pilot or helm.
and to suffer her 10 roll, darkling down
the current Of her fate.
"For the sake of avoiding all m;sappre-
hension, on this most important subject, 1
wish to state my own opinion, clearly,
and in few words. have never sail
that it is an Indispensable duty, 10 Con-
gress, under all circumstances 10 establish
a National Bank. Nosuch duty, certain.
Iy, IS created By the Constileuou, ia ex.
press terms. do net say phqt pariicu.
Tar medsurs are enjoned by the Cous,-
tuiion, IN this respect. Congress has its
discretion, and ills left TO its own iudg-
meni, as 10 the means most proper TO DO
employed. But say the general duty does
exist.
ID maintain that Congress is bound to
take care, by some proper means, to Sc
cure good currency for the People; and
thai, while this duty remains unperfnrm.
ed, one great object Of the Constitution is
not attained. five are to have us many
different cnrrencies as there are Siales.
and those currencies are to be liable to
perpetual ductuation, It would be folly 10
say that we had reached that security
and uniformity in commercial regulation.
which we know it was the purpose Of
the Constitution 10 establish.
"Tne Banks may all resume tomorrow
Il hope they will; but how much win
this resumption accomplish It will
doubtless afford good local currencies;
but will it give the country any proper
and safe paper currency, OF equal and
value Certsinly il cannot, viii
not. Will il bring back. for any length
oftime, exchanges to the state they were
in, when there was a National Currency
in existence Certainly. ia my apinion.
II will not. We may heap gold bags up
on gold bags, we may create what securi.
lies, in the constitution oi local Banks.
We please, but we Cannot give to any
such Bank character that shall insure
he receipts Of its notes. with equal re adj.
ness. every where throughout The valley
IF the Mississippi, nnd from the Shores Of
he Gulf Of Mexico 10 the 81. Lawrence.
Nothing can accomplish this, but an ID.
,litulion which is National in it's charac.
Ter. the people desire TO see. 10 their
currency the marks of this nationality.
They like to see the spread Eagle, and
where they see that, they have conf
dence."
There are three propositions on this
subject which would submit to the con.
sideration Of every candid man. wish
10 reason them out, because it is my wish
% establish the principles which en-.
Drace, aad which pass generally nnd,s
he deaomiaation Of Wing principles, and
o convince men Of all parties that they
ire all true, and will tend to promote tho
happiness and prosperity Of all classes Of
he people. lsay there are three propo-
ntlons upon which no honest aud inlelli-
gent men can ever fer.
/. The first is, that in the present state
'f society, in the present condition OF the
paper not only does. but will
.on,ln1e to form the or, at mass OF circu.
ation. All the humbug aboat specie
currency, all the professions OF returning
% an exclusive metallic circulation, must
appear 10 every man emInentiy ab-
'urd. You know that ii cannot be done.
You must all know and be sensb,e, that
rom some bank, some corporation or from
'ome source we shall have paper eircu-
ation, and that it wild form the great mass
If the currency oil the county. fsthere
/ man who douLks thisf Is there man
n this whole assembly, 40 the Com.
who will, without FLUSHING.
CHEERS say that he does not know ii
IS there one whom party spirit carries SO
ar as to lead him to declare that he ex-
,ects TO see the day when specie shall form
he exclusive currency, and not at the
,sme time feel his cheek barn with sbamei
Cheers.) There is none such. Web,
hen, if il is agreed that We must have the
mass OF the circulating aediun IN paper.
S there any man who will deny--
.. That il is thing most desarab,ethat,
n this mass there should be one part az
east which should pass current every.
where which should be OF universal re.
eivabli.y IN may use The word)-
which shall be known to every body and
which every body will take from Maine
0 Georgia and all along the Mississippi.
5 that not desirableq In commoa
country, under one common government,
5 i not desirable that the great mass OF
he circulating medium should be some
hing which every body can respect
Why, no body can deny this. Ii is desirs-
lie, It is useful, for al the purposes OF
'ec'ety and Of business, for il benefits
.very BODY, and especially all those con.