The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-07-19

/ Win our ancestors, IN Tie Tolls OF the Teyo
luton; 10 those who have shared with ms
IN the tolls and sullerings of our day; to
those whose posterlty are destined 20 share
with our posterity IN the trials, in the tri.
umFhs and the glorles iha, await them. II
IS concession 10 those who are bone of one
bone aud flesh oil one flesh, aud who in some
other beneficial form do make and are rea
dy to make equivalent concession TO ma
IL is still more; il is a concession by the
whole to the whole; for every part OF the
country possesses capacity 10 manuiac.
ture aud every part OF the country more or
less does manufacture. Some parts have
advanced iaIther Than others, but The pro
gress 81 all Is forward and onward.
Again, ask what - TO bc done IN this
conflict OF opinion between the two extremes
which | have stated Etch believes, with
quite as much confidence as the other, that
the policy winch lac cspouses i. the best for
the country. Neither has a night to de-
mand Iha, his Judgment shall oNclusivelv
prevail. What, again, ask IS 10 be done :
l. compromise or reconciliation impossible
Is tins glorious luion to be broken up and
dissolved aud the hopes al tile world ahlch
arc concentrated ~ Ms fate, to be blasted
aud destroyed forever No, cl'ow.citi.
zens, 10 The Union zu.t be preserved.
In the name Of the people OF IIus noble old
State, tho first 20 announce tito ndcpen.
deuce OF the United States by the mcmora.
bIe declaration 81 McckicuJurg, aud which
has ever since been among the most dcyo.
ted aud faithful 10 the preservation OF tins
Union; in the name OF the people Of my
own gallant State and 10 the name Of the
whole people of the United States, | feel
authorized 10 say, ,ha, this uuon Will not,
must not, shall not be dissolved. How Ihcn
can ihis unhappy cottltcl Of opinion be am
icably adjusted and nccomuodattdl Ey.
tTemcs leHc1 cllizens, are ever wrong
Truth, and justice, sound policy, mud Wis
dom, always ABIDE ia The middle ground,
always are 10 be found IN jssie miiieu-
Ultraism IS ever bane u, aud, If followed,
never fails 10 lead TO fatal Consequences
We must reject both the doctrines Of free
aud Of a high and cXofbHant TauiI. The
part2aus Of each must make some sacrifices
Of their peculiar opinions. They must find
some common ground, on which both can
s;aud, aud reflect that II neither has obtain.
Cd all us desires, II has secured something
aud What Il does not retain has been gotten
by rs friends aud couulrymen. There are
very few who dsscn, from the opinion that,
10 time OF peace, the federal revenue ought
10 be drawn from foreign imports, without
tesouins to internal taNatCn. Here IS a
basi1 iae nrrotrfnndaiion nd fpntlaI ssfis.
faction Let tho amount ehtrh IS rcquis.
lie Tor an economical administration Of the
government, when we are not engaged IN
war, be raised exclusively on foreign IN
ports, and IN adjusting tariff Tor that pur.
pose, let such discrimination be made as
wall foster and encourage our own domestic
industry. All parties ought to be satisfied
with tariff for revenue and DETERMINATIONS
for protection. In thus thing this great
and disturbing question, IN spirit al muta
al concession and OF antcatic compromise,
we do but follow the noble example Of cur
tlu-iIious ancestors, IN the formation aud
adoption Of our present happy constitution.
Il was that benign sPIri, that presided over
all their deliberations, and II has been IN the
same spiu, that all the Threatening crisis,
that have arisen during the progress Of tho
administration Of the constitution, have been
happily quoted aud accommodated.
Next, if not superior in importance TO the
question Of encouraging the national indus.
/ try, is that Of the national currency. | do
no. propose TO discuss the point, whether a
paper representative Of tue precious metals,
in the form Of bank notes, OF IN other forms,
convertible into those metals, on demand,
at the will Of the holder, be or be not desI
rablc and expcdlcn,. believe II could be
easily shown, that 10 the nctual state Of the
commercial world, aud considering the u
mount aud distribution OF the precious mo.
tails throughout tie world, such a convert.
Die paper Is iudlspensably necessary. Bot
that IS not on open question II II were
desirable that no such paper should exist
il is not in the power oil the 6eucrnI ''ov
eminent, under its present Constitution, Il
put It down or prevent ITS creation aud ctr
cuation. Such a convertible paper has cx
isted, does exist, aud probably will always
EklSt, III bp4tE ~ VIZ NtEHSlAt N'pHN'''N'N'''
, The twenty SIX States, which compose 'h'
/ Union, claim tho right aud exercise Ih'
rlgh,, now not to be controyeHed, to author
izs and put forth such a convertible paper
according 10 their own sense OF lhet
: respective interests. Ii even large ma
, lorIty Of the States were to resolve to DIS
/ continue the use Of poper representative
Of specie, the paper would nevertheless b
, created and circulated, unless every Stat
in the Union abandoned its use which 10
body believes is ever likely TO happen J
) some of the States should continue 10 EN-
. poy aud circulate such a piper, II wou'
. flow into, and be current ~ other STATE
that might have refused to establish Banks
/. And, ia the end, the States which bad lhot
j not, would fiud themselves, 10 sell defence
!. compelled to charter them. ! rccollec
d perhaps my friend near me, Mr. D. "
!. Loigh } # he DO old enough, may also II
n colIcct-the introduction Of Banks III OF
t, native State. Virginia adopted slowly 40
j reluctantly the Banking system. reco
r. 1 H,,,I -, ~, kapp pFpgpUt