The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-29

United the States and the feeders Govern.
meht All that 10 general and national spp.r TO the
federal govenmenf all that limit local 10 he
state governments The States peIioIm the du.
ties OF general government nor ouv 1t that to att m pt
10 p.ro m, nor can II ell The trusts col fded
70 the State governments We ant National Amy
National Navy a National Posi- Office .st.bIi,bn,ht Ma
uonsl Laws iegulsting our foreign and
oo"s'HK trade; steve all perhaps, want National
tui.i ey. Tn. duty suIl, my ,he,. National IN. sps
OF safely coL'.iI'bcs ana ptusp,iy NUT lie executed
by Ia" s.n'rsi gotertm'it OF Win rensn elected
haionSl currency ihsn they csn IIovid. ami ara
wee iUT III. Iatio al osi,ncr a he
al met, Ut on do,s 10, result .,., n,n IL. .,n,ncs
OF Cal institutions. bu, 1t sri,e slso Of The that
all the great c,mnsrcis nations oi he wo Ii have her
banks England Frsnce Austria Ru,.is HoIlsnd ,pd
all the greet OF VI pr have then DsoBsi banks.
u Is laid iist non.y Io~'r snd that 10 enooy snd
eonc,ntiste IN hsik GREAT great sid dsI ger.
Gus power fut nay search The i.oorts o lis,o y.
ard We shsl fad DO instance since he ms, introduction
oibn kHs Institutions, Of 81 one Of Them having sought
% tuhseit he htrns oil county or 10 create coniu.
SION aud cirord.r Their we'll beng depends NC the
stability OF a~s and i.grina ate and regular scnnisia.
u nVsIeIu- hat the CREATION OF bark is 10 tuhody
mopied Iow,r is not such power IN the hsI DE- OF the
sxainst the moniod power IN the lom OF banking sttu
ons IN the several states and in the hands OF foreign
se,Im MS. Without II how can the conn eIce ii the
United States cope aud compete with the Of To-
reign powers having national tsnks1 In the cenneical
struggles which constantly IN operation between ma
ons, should not hbor under great and decided dsd
ysntsg', W. had no bank and they had their bsDks7
be the policy OF III. Bank OF England TO reduce the
ptoeoi our great southern staple IN order to accomplish
SnG bs ., sny English houses gssed IN the Amsricsn
trade. u Bank OF tho United States had been in fxis
az that un- could lsve adopted measure of
counter bus there ives none and the Bank oil Eug
lana affected s purpose
| It has been asked hat, will you have banks, merely
| because the monarcbies Of England have them Why
not alec Introduce their kings iords and mons snd
sobing might ak, IN turn why have GRIMES, navies
laws guaing trade any other national nfii u,ions
or laws because the monarchhs OF the old world have
them why eat or drink, clobe house ourselves be-
cause mohafchss perform these opeIatoDsi ItnpIose
self the OF true wisdom and of common sense
to he TO draw from their arts tcnnces bDd cVizson,
and political institutions whatever is good ana avoid
| whatever IL bad.
Where exclusive Of those who oppose the establish
men Of bank of the United States upon constitutional
ground. do We find the greatest opposition You are,
~h,ch happen have acquired The greatest Cpl osL
ton bank OF the United States viii BE- found TO sri.s
Of foreign fuerce snd may be traced to the tsnk.
els and brokers OF Vail street in New York who
welding foreign capital. Foreign powers end foreign
capital see. with sa,isscion whatever retards the
growth checks the prosperity arrests the pr Of
this country Those who weld that foreign capital find
IRON experience. that they employ Ii. beet cd
vantage in dsoriersd state of the currency ard WHEN
exchanges nuc,uatipg and irregular There 10
sections of the Union which need a uniform ncy,
sound and every where convertible into specie Co
mand so much as you at the South end we IN The West
at the North and the East feel the want OF
| themselves since it will do them no prejudice, hey
ought upon principles sympathy and mutual accom-.
modation concnr supplying what 10 70 essential to
the business and industry OF other sections Of the Union
IL Is said that the currency ana e,chnngss nav I'M
This improvement manly airustle to The sslu nIy
operation OF the tariff Of 1872 which turned the basncs
OF ioregn trade in favor But such h the 1t.r rise
and buoyancy Of population that have no ,.curi
y for the continuation OF this state OF things The ba
lance o trade take another direction lew ievusoLs
III trade may take place. Of distress and snbar
rassment must expect Does body believe the To-
cal banking system VI the United States is competent 10
meet Bnd provide Tor these exigencissl 1t the part Of
wise TO anticipate and provide Tar as pos
tanks that they often badly and dishonesty admir- is
tered and frequently break TO the injury and ,judice
OF the community am tar from deny ing hst Dor his are
attended attn mischief AMI Inconvenience bu, thst
the lot Of all human institutions The employ msn' Of
steam often attended with mott disastrous cons' quen-
ces Of which we have had recent lsrchoiy txsnpl.s
But does any body that account think OF props sing
10 disseminate The sgeney oil seam power ei'f.r On NE
land the wst.rl The tina, thong ht Of is that
1 becomes our duty to increase vigilance and multiply
precautions, sgantt the recurrence OF accidents As 10
banks the Iu. question is wheher the sum OF the IN.
Of dispensing with them would not be gre at
IT than any amount ol watch they productive And
any new Charters that may be granted We shauld AK
ousy endta,or,o provide all possible resrcios s.cu-
rites and guarantees against then mismansgt mtnt hch
| teason or txpein nee may suggest
such are my views OF the question OF establishing a
l. Bank Of the United States they have been hng, md
honestly, and snc. rely eneItuL,d ~ me-. but did not
seek to enforce then upon any oh,s. Above all do
not desire Bank OF The United States, susmTied or
established, unless and until imperstiv. demand
cd as believe demanded will be, by the opinion OF the
people.
should have been glad fellow citizens if had time
and strength, to make iuli ,XpotrIo OF vI.ws VI
opinions upon all The great measures and questions that
divide u.s. and agitse country. should have been
sappy to have been able 10 make ull examination OF
he principles and mes ures Of our opponents We could
lind out what they aud contrast them with our ON n.
them darespec,; would not use one word TO
wound the feelings OF any Of them; but am really
aud una, cteoly ignorant OF the NJ. public 10.
iicy which they to promote and establish.
know what they III ov that they stand ~ diU CT
opue,,ion 10 ever, measure which III, Wigs ,srou,r;
/ bIi hat their sutsiu;esl The Wings b. lev. hat
u he Executive power has. during the two ast and TIE
present Administrations teen intlsrHhy abused s' II
has disturbed the balances vi the constitution, 40 mat
By its encIoachm.nts upon the CO ordinate bfnchs Oh
ne Government, has become alarming ana dangerous
rhe wings therefore desrouS 10 restrain "i'hin
| Constitutional and proper limits
T But opponents who to be emphaticoly the
riends OF the people sustain the Ex.cuiise ~ all rs
widest and most txravagan, exercises. They go for
ve'oes, all their vanity Tor suo,ressufie' standing
with the tories England they stand up for toU,r and
| ,rerogatve against privilege and popular rights The
democrats republicans OF 1898, 49, taught ~ The s
xsmp,s of all history, jealous and dist, usiol Of
Executive power was Of that department that their
nj ears excited and against that their vigilance was
- directed The isdersss OF that cay, nhon the oIin
. on from the founders OF the constitution honesiI, be-
.ved that the Executive was the @'akes bI"noh o. we
Government. md hence they were dtpoted 10 support
and strengthen 1t But experience bad dsmon,irssa
heir error the best par, Of them have united With
he wings And the wings are nov IN thu exact po.ion
Il The republicans Of lbs 90 The residue an1 iobhhy
n he larger part OF the iederaists joined our opponents,
i md they in the exact position OF The itirsiss
y Of I7gs 90 with this dd,rence-'hn they have hut
heir eyes sgans, all n. shis OF eI,ncs end pushed
he doctrines Of that dsy far hey ond the point 10
which they carried by their PIE dec soif
BIZ, am trespassing too long on your ps'l'nee ~
! -! and have not time dncuss other iuter'srg tuieis
Is hat engage the public attention l'hould he '.Iy pha
| 20 express to you my views the pubic DOMAIN hui
hove lien on the floor Of III. Senate and on other public
occasions fully Iosed them. co.. s'dtr The con mon
roperty of the Dation and the whole nation io'hsNe
# TO be to its preservation aud The pr's.fvson
il ~ The funds which may accrue from ilh sa's, mai
}, houd be wibdraup from the theatre OF party Tocs,
md from the temptations and abuse incident TO u hst
~ remain, there think that fund ought TO be dntiihn-
ed upon inst and liberal principles among all III. s'hss,
al M well as new II that be not done, there much
gmnnd 10 appr.hend, at very distant Isrod. total
oss Of the entire domun Considering the Other ahun-
0 -. .,l..s tIt
n cn Think tina, the proc .eds Of tie SAILS fthr public
rJ nav be we'll sparsd to the several sies TO be az
oiled by them 10 benehcen' local objects IN 'hsr h'os'
uJiconsly Managed ia. will tighten the hnr,ben 81 IN
terneI taxation the only form OF raising revenue -
which they resort and assist in the paJ OF ,hsr
.bts or hasten the completion Of mporisn, objects In
xhnle Union well os th, InstlYes SIC lnfer-