Holly Springs gazette., 1844-05-11

which may be necessary and proper 10 car
~ into effect the power 10 collect and dis
trIbu:e the revenue should be exclude -
that provision"
Let Us not omit. in this place, cne other
fact.--This same William II Crawford.
was the especial favorite of Marin Van
Buren, who supported bim forthe Pfesd,nr
cv, ui2 2hl aud main And IS II 60, strange
that man who is 81 uucomprcmisingl , v
hostile to a Bank. should be so jealous in
support OF the great champion of the B nk!
Aud that too, st the verv moment when,
ifhis th5ns had been crowned with success.
The consequence would have been the infu.
sion Of new If into The dving mons,e.l If
MIR Crswfprd bad been elected. and the
Bank bsd been chartered (ls would have
beeu) in 1882 wonld not Mr Van Buren
and Mr.. kuchIe have been acceSsafies be
fore the fact to The horrible outrage on The
Constitution
But enough of;his we have shown that
Washington, Adams J, fTarson and Madison
were all )mmiued in favor Of the Bank, bv
their official acts. Let Us now see how
Monroe stood on that question he has de-
fiaed his own position, IN his letter 10 81 rs
+. Burrows, dated 30.h January. 1881.
Mr Monroe had IN 1871. as one ofthe Sen
ators OF Virginia voted against the Bank
his letter TO Mr. Burrows. after
the aspect of alIairs in 1916
he SAYS :-"VheSe considerations led to
change in my opinion, and induced me TO
cOacur with the President in the prorri, tv
Of instrutIng such Bank after the couclu-
sion oitac war in 1915. is 10 Tie constltu
tlonat otJectlon, Il o,n1sd no serjous 0bsta
Gle In voting against il Ia the FIRST instance
| 1c0S gorerued essentially By policy The
cons reetion gave TO the Constitution. |
considered a strict one. In III. later in
stance. il was more liberal. bul according to
my Judgment justified by lis powers"
There is one other Circumstance connect
ed with tie history of the Bank question.
which we would especially scommerd to
those gentleman who pride themselves on
their coEsstencv-and oppose the Bank
now, because they have done so in by-gone
days. The constitntOnaijty OF the Bank
drpeEds upon the fact, whether it is nee
essary aBd proper means to the adminstra-
ton of the fiscal af'irs of the government
All admit that if lis pee ssity is shewn. i is
constitutional This isa placlicaI question
theory has nothing q 10 with il. It is to
be tried and Seuiei by experience-one ex-
is worth all the reasoning in the
world Well, how stands the question,
W ben this test IS applied? ErerY Secreta-
ry ofS'ots, are beljere f,om Hum iton TO the
pres e4t time tells US it is necessary and prop
er Tor that purpose Is II not rather arro-
CANT and presumptuous in Us, vi no have nev-
er had an opportunity of making an expert
ment Of the kind, TO set 40 our opinions in
to those who have made a fair
trial Of l.?
Madison at first thought it not necessary
and proper, but experience satisfied him be
was wrong, CLAY at first thought it not nee
essary but he too was convinced of his er-
ror during the war-GileS was originally
the stern opponent of the Bank, but his eyes
were opened during the war TO is necessity,
and he changed his opinion and voted for
lie Bank of 1915.
With the testimony of su~h men as these
as TO the necessity of tne Bank. as fiscal "a
gent. and their patriotic example before US, !
in reuounciug erroneous opinions who /!
should feel ashamed to say. IL yield 10 the |
force of evidence and abandon nv oppos |
lion to a Bank ?" We bad hoped to faish |
" bat we had to say on the Bank question /
in :his number, but finding that we cannot 1
10 so without extending il 10 an nnreasona-
Die length, we must reserve some additional /
acts which we wish 10 bring before the /
for concluding number.