The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-03-30

much tQ deteel then 4 -. NJ.
opinion a. fss sEs laeasia,
onlnsisea h TIE s;sSs $3.50 II
win ths great party - "
tain on The subiect n .oag
have never dou6mduh~ Su'ia
duties Of The Genar,s oven
this subject and What y. soVsp'
have always ProclaimeS I.
~ Of Government to MN. .a,l ta
currency which shall Ss'lo:
ment Of public dues IN III le CIV
country, 'ecdon
We have now wing h.k
of John C. Calhoun s \.
Senate Of the United S,s s.I',Is
1894 on the ~removal ~ Il 'sla.
1T i able and proSou n - !.
the doctrine, that under H. J y
tenn a Bank ofthe United IL
cessary TO preserve the .,1sS
currency and give il uDiGa' sol
at every point Of The UnioO
sage Of his speech, he him. !. Au
to the present system Of BSDl,.
PressIy declares that VIII
continues U. S. Bank !, ~" Iaa
That system does cou,i0s'
continue, at least for maDv 49,
I'll it il broken up, accOrJ;1os' ' !. !
of Mr.. Calhoun. a Bank ,, : \
States is indispensably necs..
serve. not only uniformly i n
but the stability Of the Ercb..'
sentinl TO the perpetuily Oft,,1l
We shall quote freely from +.
of Mr.. Calhoun and leave 4 \.
to decide on the que sllou OfS !: ~ !.
cy.
"BuI let the point at issue 4.
ed, and |, as far as my yOic. -.
give 10 those who desire il, ~
the freest and most unlimi'ej n.
is (U. 5. Bank conduc,.
tizan O. the Bank. | AN ].
with y in no way by moniej 4,
| might say with ,naI
Bank ows as much to me as ~.
or individual in tie country ,,F
eren add that had il not be-, I,
forts ii rOOU|d not hare besa rI:..
STANDING in this relation 10 h
r { on. a high sens" of de,leaey f,
Independence aud charactsr /,
ed me from any connect on \,
stituIion whatever, except Son,
accornmodnt ons ia the wsv a
business, which wee MT oilh
importance either 10 the Bank o.
Blu: while shall no, co,5..
notice the chlrgps, Of the \
against the Bank, beyond llleerls
] have stated, a sense 0 day nt
luiion and regard to the par, Wild
in It's creation. conn., lis me 10 a
allegations agains, 1t which M
J fom another quir.er. Ekn9
Bank had no agency, or atl a1
agency, in III: reslo uiion ofEss
mems ~ 1917, aad thai l. hat
furnish the couhry with a ub
sound cure ICY AS bad bees 10
its creation -Doth Of these Il
iprouognce 10 be w'lheui am
10 euttr into a minHle fSGnnt
hem, would carry me t)o a q
subject, and | must content n.a
saying, tina, having been Oats
stage ~iti out interruption fr,n
20 rh's-hnving been an allsaiR
: er Of tie gu s'.oc q ne
throughout tie peroi-lhI "
; mas been an indispensable ~
restoration Of srtc.e payuenA
our il, lhe restoration coll u
been efecte shO Of Ih ulefpa
of ali the mon Cd institution, u
and an elrire depreciation d ala
and hat ii has not only HSsn
payments but has gAsG q Ma
more info m bet,reen The tsrs
country than tsos OniicilHhi
d,eImed Of at The time ofii'on
say Tor my self thai | DID oct
that time, that the Exchsrg'N
Atlantic and the West VOID
lower than2 ID per cent Dec
expense then, in luding nHIa
loss flime in Transporting 80
the two poi is. How musat
In antici pated poinl, rsel
the whole c numerical SOha
it was rot q four b part q ia'
removal at the deFOsiies.
"lfyou rave a right 10 20
notes al al 10 treat item
receiving them in your dye
them away to creditors, you y.
10 create a bank. WhrsVap
ment receives and treats .
money, and if It be mOa'y, ~.
the right under the constitute
late IL. Nay, they are lODna
obliga'ion, to adopt Tho o.
means according to the n,',
which they have recOgDss
10 give it the utmost slaOl.g
i.vof value. And in sD
Of bank notes, The most etc., "a
giving these qualities !,
United Sta'es, incOFPcfal'. ~ Y
| Unless you give the h'sAtsa alI
fcrmity TO the value o. ~, N
long as you receive them ~ y
and treat them as money
provision oflhe coDs'ii1al .1
vides that taxation s 81,
throughout the Uni es, s,,'s.
Whatever the Govern .'S.1I
and treats as money, Is 5, p M
follows that they have ~ ~, !
late its value and uniiounIg
We are not DISCUSSING Y,
atty Of a United States 80 ~, Z
-, fhat s0c4