Arkansas intelligencer., 1844-09-21
MR.. Clay ANDT

~ VI Pr'nc'P'e on Tho questio{ !
by a reference to. and an ex,H
on tho annexation Of wcs, FId,
minded our readers that il vi,
his grnsping ambition was fulS
he wns not bniting for nor,hef
remarks are appiicasle to his
when he opposed the bill fol,
Bank Of the United States. L
ln 1910 and ii when the HI
gress for re-chnrtering the o.
nee Greeley the friend anl,
tho Legislature Of Kentucky bs
Clay to oppose thi. bill, and ~,
him 10 The same direcfion. Te
further that ",he measure hals
fed'roi Par,y;" and tLnt Pref
opposed 10 ii on Constituiionapp
further says that Mr.. CIays
granting charter for any f.
thu the power to cha r,cr cor " n
c'hcally given in the cons,i,u,ih,
that it was Of a naiu re which ii
by implication. m
But to Mr.. CIayis speech " NJ n
his own words ms handed dowdc
ID. Prentice of Louisville. nlI
This vngrnn, power to e'p'
having wandered throughout d i,z
IN quest of some congcnial 500 ill
been. at length, located BY n n
Georgia on that provision w
sress 10 lay and colIec, taxes. ne
rr % Is referred to one part Of,
1911. to another. Some,im. dc
ded"cible from the power to ,rae
Hard pressed here, it disappoliic
under the grant to coin mon. ing
"Whnt is the nature OF this no
empl'atically federal. vested IN
specified powers for general an
by existing sovereignties. wb,r,
tnincd what is not so conced u u
there are cases in which il - y
powers. This is not contror
cation must bc necessary, n ndc r. !,
the enumerated power with VI "
The powcr to charter com "a "r
in the grant, and, con,e ms,
Transferable by mere implicat
most exalted acts of sovere,cp, z;
of this gigantic power; We howl
dia Company erected, which A
de.oIntion, and death, ,hroupIe,,
gcst portions Of the hnbitabIeh he
ny which is, in Itself, Il sove,irt,
subverted empires, and sst mo,
and hns not only made war, \ Is
legitimate sovereign! Undercer
power. we have seen arise n len
and a Mississippi Company. ribs
convulsed all Europe, and mn r.
throw of all credit and conf co
bankruptcy. Is it 10 be inir M
80 vast woul have been left Inn
doubtful Inference? 1t hnsbatior
are many insla noes in the conm |, 4
rrs. in their nature Inciden.rme
necessarily have been vcs,eThc,
cipal, are nevertheless exprt So,
the power to make rules and n
government OF the land and ms,
II is said. is incidental TO the alsel
and provide n navy, is gi'of p
Whnt does this provel Hotwn
the convention were 10 leavsoyiis
to implication. Nv
= attn;
"Whnt is a corporation. !" "
templates! 1t is n splendid "H
ind, ',iduals. taken from the :" u
invested with exemptions. al ,'rs'
man r,om M.....i elve,
,Il,w .s,,hI;.I,;n ,r I'D " d VIII
the objection Of vesting in
elusive privilege. the faith W W
ing pledged, that no other bMEN
lied during its existence. lvcrc,
poses. Is obvinted by the biIls Of n
but all corporations enjoy c, detr,
that is, the corpora,ors hays,rs. |,
others possess; il you crea.s,em.
stead OF one, you have only by q
instead of one. con,erd,s 10 m
exclusive power 10 regulaa shouI
the capacities and incapacf
provide rs to the responsih anvns
creditors. If congress haw With
artificial body, and say hditical
the attributes of an individssccnsi,
on this object Of your ownt nne j
contract. may you moi, id BY al
rights. confer upon slaves m de.
vert, the ability to contr'Ssfofc 4
the power to say. thatanr Tenn
ais shall be responsible for he ST
certain limited degree. Sa Asinor
tension of similar cxez bran,
Where is the limitation upspPi {
corporations! You esiab'd one
n Stale, the. basis Of SR 4e cci
You may erect others, whf
ot land. slaves, and persontenenl
whole property within tnsNalke
mi sht DO absorbed by these
existing bank contends, th'F, M,
ers Of IA stale to INK il. nnes deba
well founded, it is in the the {
chnrtering companies, 10 " s;n,
Of state revenue 10 c,
| mcpre
| Cor. Dorr-His 0gena Col.