The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-01-12
President of the Wing Convention


HiNsboro', Dec. Is, ls4S.
SIR IL have had the honor TO receive
your letter, inclosing the Resolutions Of the
Wing Convention, " ich assembled Of Raj
eigh on the 9TH INST. and conveying the IN.
teligence tina, had been unanimously
nominated BY that body, for the office Of
Governor Of North Carolina, 4: he election
10 be held during the next year. 10 have
been thus distinguished by body so res
pectable for its numbers, intelligence and
patriotism; and the opponents OF such
constituency as 1t represented, IS mark
of appreciation which can only be surpassed,
in my esteem, by sanction OF the nomna-
tion by the people Of the State.
That was deemed worthy, by such an
assembIage, 10 occupy place which has
been adorned by Caswell, johnson, a
Davie, and so many other eminent citizens
men, who have Illustrated our name IN
war and 10 peace-is an honor, to which |
canno: be insenslbe, and which | shall ev.
er regard among the choicest recolections
of nv life. But however gratifying 10 an
honorable pride, your communication awak.
ems feelings also Of different character
1t breaks in upon my plans Of life, my pro.
fessIoual and agricultural pursuits, and dc.
mands sacrifice OF interests which canno.
well be spared from my family. | had,
therefore, most earnestly and anxlously bop
ed, tina, the choice of the Convention would
have fallen on some one Of those able and
vftuous citizens, Nhuse names have been
Connected With this subjse,, and whose dis.
interes,edness aud zeal IN the Wing cause
is only equalled by their devot,sa TO II
principles. Nevertheless, with my c,acep
tons OF duty, (boweser much had wi.h<,
il otherwise nave no alternative but {
accep: the nomination. Without sironge
reasons, than any which have 10 urge,
could not hold any o.her person justified il
refusing call from such source, to ion,
his name and his efforts 10 the supper, G
principles, which, | verify believe, lie Q
the foundation Of the enduring prosperlt
and happiness Of the country.
Though your letter requires no furthe
reply, deem il due TO The occasion TO eg
press my entire concurrence IN the opinion
of public measures, embodied in the Re5c
luiIons Of the Convention. For forty ear.
of the fifty. -four That our Government ha
existed, We have had National Bauk-
That il was highly useful to the Govern
ment as depository Of the public nome:
and fiscal agent in their transmission an
disbursement IS proved by the uBquesiIou
ed fact, that the nation suffered not on
cent Of loss, nor any delay or expense in III
transfer and payment Of lis funds, 10 III
amour. Of hundreds of millions 10 all part
OF the Union, by any of the operations c
The Bank. Thai il also facilitated and low
cred the rates Of exchange, and furnished /;
Currency, equal or nearly so TO the precious
metals, good alike II all parts Of the Unior
in Maine and Lnusiana-iu North Car
Dina, Michigan, Illinois aud Mlssuuri-ar
likewise facts, which have passed into his
tory. Whether like advantages have bee
shared either by the Government or tn
people in their pecuniary affairs, whilst W
have had no such National Institution, gu
recen. experience, and the Reports of nr
Dallas aud Mr.. Crawford as to 4 former pc
Rod, will enable US 70 answer. The Char
ter Of the first Bank, having been passe,
with the approval Of President Hashina
ton 10 1871 for a term Of twenty wears
and having been found in practice, to an
swer The ends for which il was designed
no other mode Of administering the Gnan
ces, or Of equaitzins exchanges, or giyin.
1 i;.lnnaess to The currency, was agiialed Of
- about the time Of the eyri
ratioh OF mat Charter H4~4I
supposed that all the benefits defty%Ua,o ."e'
II could be obtained through the agency o
Banks chartered By the States. Accord
mgiy, the old Bank expired, and the exper
iment OF The State Banks vas made. pre-
sideht Madison, who had been the oblas,
aud mos. zoalous Of the opponents Of tbe
hfs5 Iharier IN Congress, ard who had con.
clftec ~ the proprlety Of suffering it to ex.
pre-, alter trial OF the State Bank system
lof iour years, and GnjIng it 10 fail his ex
peciauoas, magnanlnoqsly surrendered b;s
loos-chenshed, theoretical opinions and
Gained on Congress TO re adopt The svsta,,
when had been found useful in n,act;co
congress, maloriiy of whom had mar.
taken OF those OPINIONS, CONVINCED bv The
same process Of experiment, responded 10
t!,ac call, and established The Bank nfIol6.
nus Do Other system became necessary 10
be devised for another period Of twenty
years. During thi, time, The public monies
were safe, sod our entire currency and er.
changes attained more perfect state ,bon
was enjoyed in any otlpr country. As the
end q that term approached, those who on,
posed the Bank, sought for a substitute
"nlI !, Wound elect all - beneficial objects I
ana oe Tree from the objections which they
ooisfisined TO Il. To make sure Of 4 wiss
p'0Sis'o" Of substitute. aud 10 enable me