New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-03-30

state banks as we 81! know, are also powetleSs to
furnish national currency with which citizen
OF TINS great country can travel from one end of
II 70 the other. The practice OF the most en-
hghtened European Governments has shown that
a national currency was necessary: the National
Government could alone ordain IT, and il was
Just as importan. to the National interests to have
It, as il was to regulate commerce, TO provide
Navy an Army.
Bur say our opponents, My. CLAY has changed
| his mind since 1911, for here is his speech made,
at the time against it. Mr.. CLAY has changed
| his mind, as all honest men ought 10 change their
minds when they find that more mature expert
cnce in public affairs, and more enlarged obses-
walton have convinced them of their error. Gen.
WASHINGTON himself was slow TO be convinced Of
the prcpricty of signing the first Bank Charter,
but he tcaS convinced and did sign it. Mr. Ms-
OLSON refused 10 sign the rc.charter until he, too,
became convinced after viewing the disastrous
condition of the currency during the eventual pc
ROD of lSll-lSl6. There were those who attri.
buted the difficulties and perpexities of that pc
rod TO state OF war, but our best statesmen
saw an additional cause for them in the absence
OF National regulator. At this time we can
appreciate both the intelligence and patriotism
of those who thus modified their views. This
whole people was not converted at once, as if
]
cial cause, into nation of spectators during the
last four wears Of JACKsoN'S Administration
The American character for at least something
like ordinary moderation, was not changed in an
, hour. 1t was owing to the action OF Govern
ment--an agency no less potent than that which
Government exercises could do this. The re-
charter of the National Bank was vetoed in
1882 80, and i'll four years thereafter, the num-
Der of local Banks in the States increased from
some 32l 10 more thar twice that number, and
the banking capital from some two hundred NIL
lions to five hun irrd millions, while during Mr..
ApAMsS Administration of four gears, the In.
crease of local Banks was but trsnty.ttrO, with
a capital OF but eight millions This is not all
The ycchartcr of the Bank in 1916, as the votes
will show, was a Democratic measure. about
three tourthS of the nays being Federaists. But
we have digrcssed. Mr.. CLAY, III his Speech
in 1916, and in his letter of that year to
the People Of kentucky, shows as clearly as
sunbeam, to every honest mind, why he
supported the recharter of National Bank
Remember in those DAYS too, he was the leader
of the Republican party, and it has been reserv-
ed for those who took the winning side in 1923,
many Of whom were old Federaists to brand
him as one, because he could not and ,could not
fall into the popular tide that carried Gen. JACK
SON into the chair of the Presidency. Those
speeches, one or both of them, we shall publish
forthwith, and people then Judge for them
selves why Mr.. CLAY changed his views, and
those thousands at least who have changed their
views since 1882 will be able to do him justice.
Mr.. CLAY remarked that the Wings were often
accused by the opposition of avowlng no distinct
principles. Now these principles had ever been
distinctly and clearly stated. But what were the
Democratic principles He did not know, un-
less it was opposition 10 every thing Wing. We
were expecting to hear him add that the Wings
did in fact occupy all the broad national ground,
leaving no space for the Democracy to stand
upon, except the ground for opposition. tie al
luded to their former cherishng of one term prn-
ciple, and to their present position, that Mr. VAN
buren, had been wronged out OF the success
sion by majority of $4,000 votes. He said the
one term principle was important to the hap
pincss and integrity of the whole country
lie referred to the admission OF members by the
present Congress, in opposition to constitutional
law recurring their election by districts. He al
luded to the singular posture of the democracy,
the pretended friends of popular rights, in sus-
tanning the veto power of the Executve-a pow"
er SO dangerous to those Liberties when careessly
exercised. The restriction Of this power, and of
the federal assumption OF authority under It, was
q prominent desire Of the Wings.
We have thus noticed cursorily some Of the
topics upon which Mr.. CLAY touched and may
conclude by saying that he expressed his regret
that he had forgotten to advert to the subject of
the Cherokee Treaty. We give few remarks
which he let fall on that subject in Macon, which
we copy from the Messenger:
g Mr.. Clay then commented upon the charge made
against him of being the enemyof Georgia for yot-
ing against the Indian Treaty. No one of those
present can ever forget the manner in which he met
the charge. He did vote against the Treaty, (the
Cherokee Treaty, of course, for he was not MEM
Der OF Congress when the Creek or Troup treaty
was discussed before the Senae,) because it was
protested against by 5000 Indians, and was in fact
no Treaty at all. lie was in favoro abrogatng the
Indian Title speedily possible, but in fairness
and justice. The AbongIncs had rights which III
honesty should be respected and this Treaty, which
members Of all parties indisCrimnaiely condemned,
was concocted in SIM and brought forth in inquity.
He was not the enemy of Georgia; his love for
the Union, the whole Union, and Georgia
dear 70 him as was kentucky, where he had been Of
ten assailed for opposing the tavonte but ephemeral
schemes OF party
The FIRE on TUESDAY NIolr.-We are in.
formed that the loss of Mr.. C. C. Sampson, whose
furniture store was destroyed by the fire on Tues
day night is about $4,000 only, about $4,000
of which is covered by Insurance in the Western
Marine Insurance Company. The loss of Messrs.
Jordy and Brasier, wine and liquor merchants, is
estimated at about $4,000, covered by Insurance.
Messrs. J. s, B. succeeded in savinga consider
able part Of their stock, they were very fortunate
in not having larger quantity Of liquor in their
store, having lately received a large con-
Segment which they had placed in bond.
We hear that MIR. Cross in whose dry goods store
the fire originated is insured in some of the East
ern Offices for $4,000. The loss Of Messrs Full
Ter & Co. we have been unable to ascertain, but