Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-11-15

"T"'' nhuet TIE power OF regulating commerce. had
ile poaes.s ss, o issuing paper eirrusti n. This
power ~ cocSsl with the constitution The frame 70
o thai Instrument did doubt lis exsir nee. Hu.i
Jug ION in MS administration OF the government. did
not once express doubt upon The subject; but gate
MS ass~it 10 the Incorporation OF a United Suites
nank- Madison did not doubt long upon the power
VI congress. Out yielded his assent. upon IN. ground
that u had been settled by judicial inies reiai,on-
we have men amongst Us. rho have said that a Uui
Ted States charter was not but shall
We 60 on doubling the propneiy OF what hos lou
ego, nnd oiicn Teen seilcd by iahers and by our
grandiaihensf We must some time or other take
ihings ms settled or hxed or we ne, expect 10
emmy the benefits of constitution (ehecrs.l But I
Will no extend my remarks upon tbs suheci furiher
al The present line. because in some paris Of the
evuniry ! am happy To say. the severe commercial
enharrasstnenis which have OF late retarded their
progress. are now relieved. In sume ui the South.
western States. Il true. ihis is 20 There is sa
thing like money there. all transactions are rorrieS
on ny sysemoi baries and exchange; The hose
and demoraizing form Of commercial transactions
now ia existence. la New England we may feel o
immediate harm arising out Of this Stale OF things;
vet there are cerain LAWS of trade established
principles always operating bctw cen man and man.
oy which We ara certain cotns back To the posr
ton that paper currency 10 absolutely necrs.nr 10
The wants aud demands Of hs country. Al the pres
eni moment. a. have already said, business. seem.
10 he growing better money is more plenty; there is
ss The brokers' say. a heiier feeling in ihe market
arising. doabess. in5n The impression hy which ,te
Banks are aeiuaied (in which 1 do moi. however.
eo"cu that ali mercantile paper be safely Discount.
cd. frices.it Is we'll Known. increase under large
d'srouns' and We have already had sufficient es-
Pereuce in the fact. thsi this Q, suits in present
eAcned excess ais this produces reylusIiott; aud an
illustration =" The fact already insisted upo. that
experimenting cHirOl &c the mone.ary afairs OF The
country Is absolutely necessary.
No.. A.
Bank VI The United 5 aies IL an .t,Jtspr,,sabl.
agent to The attainment u this end only n,,, ,h.t
Is the duty Of government, in sumo shat pc or oIher
10 lake care Of this great question Eight years ago
10 my place IN iae Senaie OF the Unied aIes that
mountaineering the real good which the Bank OF
the Uniied States had Done il wac not worth nv
While 10 ndvOca,e the establishment OF ano,ber a,,
al the People AL imperaiIveiy demand u. Tn.
ID my opInion sill. Aud repeat What said men
recent occasion. thai Bank 10 be established by
private s1hscripion TO 10 sInrk wonId MI he k .I,
10 eomTnand the confidence Of the country an he fore
from The iaci that circumstances have materially
changed and that such institution would inter-
iere IN those Sales. which demnnd q p,rtmn of
Their servises by q Tax on Banks Snl anu now
as ever, ready to agree that the old Bank 81 The
Oniied States was perfectly Constitutional that ia
Was decided 10 be ~ by solemn decislul.s Of il,.
Conrsand abandanI precedent Legislation. and TO re-
establish u shalt have my henry support believms
an artfl
as preventing serious exccs~es
i cOme now speak oI thai portion of The s,l,
Jecis assigned iHe by our Committee involved the
subjects Oi Tariff and the degree Of PROJECTION 4,
yields 10 manufactures and The agricultural products
oi the country AID is my intention, fellow.
c''<ens' 10 saie my orpniOn on that subject with
some degrees OF precision. Because I hel,~ys n
SORT ci uiirniSin ias berome OF the prevai linR
characteristics Of the age We live H. moi only nam
'his subject bot upon many Others. Man Will not
only run To The Gangee. hRi he must 20 also 10
Inc isinoiesi ex,egnty OF The work. They woud
not only have Tariff bus i, a.ls, De en- nllra pfo.
.eeuse iafin' ain1nniins even 10 prohibitions. Now
oe"ese power oil Dissatisfaction does belong IN
congress- ai'd that a ought kept ia view by them
and applied ali proper eases--an opinion u Inch
am happy ~ soy. ~ shared with me by many 3
iIngushed gentlemen. -
la connection with this subject. rhere are few
general truths 10 which | would draw yvur par,,e.
aia. al'enlion Congress has the power lay dulles
On imporiaiiOnS; but 40 State has such power Tnis
- very iuPortani point. Before the adoption of
The Constitution. Massachusetts mol only psoe..sd
out actually exercised tins power. e. Jsd several
oiner Siates IN The UnIon- And IL was MIR Aadi-
sons argument and cOnc lusioE that The States lid
carl with and rslinquish that rghI which they pro-
iessed before. 10 the general vermenI IN ry had
nght 10 expect. Gas they did expsc) be project
ed rs before. (Trsmendous applause) Now Con.
gFsss does possess the power 10 regulate commerce
AID may lairy claim this power having been always
understood 20 involve that favorIng pnrIieulur pro
ducts. England herself. from the lime OF Tudors-
down 10 HE present day. has ever 50 understood the
powers Of government in the regulation OF Ifade Mr.
adams and The FEST Of the pslriOls immediately pre-
ceding tiie Revolution. practiced upon tho same
principles. 80. with lInle interruption, has IL been
in the couutry ever aimee"
Thus far had The listing orator proceedcd
when the hour arnysd. which was fixed ior dsauta.
lion oi our Express. which. in order To obtain ali
ihat was possible. we had delayed unuI the LIe.,
moment. We were obliged, therefore. 10 cut Inc
speech on 81 this Interesting point, and make the
oesi OF our way hOme~ard, or miss the pleasure OF
laying these proceedings before our readers q dav
20 aivance Of our neiehbon. The remainder of,he
speech, which judging irOm circumstances. must be
principally composed Of extracts fsom forner eff,r,.
o the speaker, will be given at length IN our pext
issue 49,
u - very much 10 be regretted thai 40 erenl n de-
Jay TOOK Piare % the organization Of ihe meeting
iieu mr. Webster been permitted 10 orcuoy ,he
time devoted To the slow process Of reading LONG
siring OF merely foFma resolutions, IL would have
oeen entirely within our power 10 lay befufc the
public 10 day, the entire speech Of Ms Webster
As u is we have dons all that could bs done and
The besl could do mose
WHO IS A PRoFESSORf-To ,h,- ,.,b.,
difficult question the editor Of the New York f.,,r,
mercial makes the following replys
livery m'untes bank vhO play dsxisrousiy
WIN cups and balls. and every t,neran, le,,u,.,
who ean mouth oni hOrnble rhetoric. Fofmerls !,
was tile denOiing high eluts,n a a.. ...,. III