The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1843-07-20

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nc rsh.osisa ed iaasrssi AZ Ehs riasrs.
: 40 essk. -Ilhsa lhsm. ~ DE D-..,,.
sssni q Wsr, uith ne sasesisn u he
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lsf ihsisl Ga dslsars. Go rsss & he mst,.
.ins ifonllss AID he uniun. For he 6r..
lasn thsi ras obisinsd Tone aiilson 81
dsllsis iron lheelly 81 Nss Ymk. .kseh
iask Plsee a . lss dsys after I ssl-ssd
he esP.rmsatl % pries w.s 6ssd. Az
NE lsesssfy hoss sers selhas $50 ia
NE 800. thsi wss rl.iast. bui al ae-
sFfdes %. Iisss left Cor subs qssn. a.
ln.imsni. % be sslllsd 90 lar pnneiales
Il-Sssslsl milf ,ns Of dollars xsIs %
isined from Ihs D.hirl Of Colombia, shd
rnnripsl cities. thfouebaut he UnIon,
shd according 20 nv recollection. q. par.
This proves lha'. paIL the ualon Is
ihfelienrd siIh rain. no loans can Be- OBJ
lsinTd % emerget eirs. sHhonl Nauan-
q Bank. otbsrsIss han ., great sscfi>
bee. These considerations led 10 change
N my oP'nion. snd IndDeed ne 10 concur
nth ,he President IN The praprirly ri IN.
si'iul'sg sarh h.ak. sitter me eenrlu.son
Il The gar in 1915. As 10 the eon.u.n-
ilanal o. jeelion. u formed 90 serious ob.
s.scle. Ia voting sgainst il 10 The f,sl
insl.nee. | vas goserned essentially by
policy. The construction | gave 20 the
Constitution considered a sl,iet one. In
the lsilsr instance - vas more liberal, bat,
according % ny judgment. justified BY il.
posrrs."
This is the testimony OF Mr. Monroe.
against whom. perhaps, less political pre-
jndice exists than any man thar ever lived
land his Rspublicanism has never been
questioned.
We will next present ihe opinion or
William n. Crawford. whose opportu-
mites for judging Of the utili y If a Bank.
certainly enliile il to great weight. In a
letter 10 q. J. IngersoIl, in 1891. this
great man and disinieresied Republican
said:
81 sas Secretary Of The Treasury more
Than eight years, and during thai lime ]
had simple evidence /, { The gres, utility Of
she Bank Of the United STATES, in mansq-
ing ILe fiscal concerns OF ,he Union. |
AN Te,suaisd lhstno man. whatever his
preconceived opinion may be. can preside
over The Tra.ury year. without being
deeply Impressed sllh the expsditncy OF
The Uuiied Siaes Bank, in conducting The
finances Of The Unlor.
"The provision in the Constitution.
which gives Congress the power 10 pass
all laws which nav be necessary and pro-
per 10 carry into effect The enumerated
poaers. g,ves Congress the night TO pass
the Bank Bill. unless law most propsr'io
carry into effsrt The power TO cnlleol aid
dlsburss the resenue should be excluded
by that proyl.ton.
The opponents ofihe constitutional
| y ofIhs bank place grea, stress upon the
word NECESSARY" contained in the giant
OF power. and insist tha, no law can be
necessary bnt such, that without which
the pnwtr could MT be carried INTO effect.
Nav this construction appears 10 me TO be
inde'essible. lidoes seem 10 me, that The
verde Unnecessary and proper To carry the
poaer into effect. Ye, the uneons.iu-
tionsl'y &c The Bank can be pronounced
only upon thai c1n irucliun.
IL, does appear to me tina, the trainers
Of our constitution never could have iB-
tended TO exclude the passage Of Law
most proper 10 carry into effect, because
i! nigh, be carried impe,fecrly into effect
by another law. My construction OF the
grant # power TO pass all laws which
may be necessary to carry the enumers-
ted powers INTO feet, include the power
10 pas ali laws which are necessary. and
proper to carry The epume'aed powers
into stieci 10 the most perfect aud COM
plete manner, sn moi 10 an Incomplete and
imperfect manner"
1t would seem to US that such evidence
as this was sufficient 10 satisfy any rea-
sonable mind: But This is not ALL, nor the
iilhe Of what might be presented. There
is one individual, whose peculiar position
at present makes it highly important that
his evidence on this particular point
ehould also be given. We'allude 10 Mr..
Calhoun. Gen. Daniel has declared his
preference for Mr.. Calhoun for Presi-
dent, anl certainly he cannot object if we
show to the people that he and his favo-
rifle differ widely as to the utility of Ma
tional Bank. We say differ, in the pre-
sen. tense; but perhaps Mr.. Calhoun has
changed his views. for he has been every
thing by turns, and nothing long. No;
this supposition will not do; for Mr.. Cal
houn, on the occasion to which we al
Iutle, spoke Of facts--of what he k''er 10
he facts. Ii was not a mere matter oil