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


selves, since il will do them no prejudice
they ought, upon principles of sympathy
aud mutual accommodation, TO concur ~
supplying what IS so essential TO the bust
ness and industry of other sections OF the
Union. II said that the currency and ey
changes have improved aud are Improving
aud SO they have, and are. This improve
ment is mainly attributed 10 The saluiury
operation Of the tariff Of ! Si2, which turn
ed the balance of trade ia our favor But
such is the enterprise and buoy ancy Of our
population that VIC have no security for the
continuation Of this state Of things. The
balauce OF trade may tuke another direc.
lion, new reyulsions IN trade may take place
seasons Of distress and embarrassment we
must expect. Does any body believe the
local banking sy stem Ut the United States
IS competent 10 meet and provide for these
eSigencles It Is tho part Of n wise gov
eminent TO anticipate aud provide, as far as
possible, for oil these contingencies. IL is
urged sguins, banks that they are often bad.
" aud dishonesty administered, and fire..
quently break, 10 the flufy ard prejudice
OF tho community. nm far from denying
\ that banks are attended WITH mischief aud
some inconvenience, bot TINT is the lot OF
all human institutions. The employ ment
of steam is often attended with most dlsns-
itous consequences, OF which we have had
recent melancholy examples. But does
any body, on that account, think oil propos
ny 10 dnronlilue tie agency Of steam
power either OF The land or tho water -
The most that IS thought Of l., that i, be
comes our duty to increase vigilance aud
multiply precautions, against tho recurrence
81 accidents. A. to banks, the true qucs-
ton is whether the sum OF the lnconycn
cuce Of dispensing with them would not be
greater than any amount OF which they Rre
productive And in any new charters
tlal may 10 granted, We should anNiously
enJcayor to provide al possible restrictions,
securities and guafouncs against their mIs
management, Which reason or experience
may suggest.
Such are my views of the question Of cs
taLlishing Bank Of the United States. -
They hive beeu long and honestly aud sin
cere'y entertained by me : Ia, | do not
seek TO enforce them upon any others. A
hove all, do mol desire any Bank Of the
United States, attempted or established,
unless, aud until II IS lmpcralSely dcman
deJ, Us | believe demanded IL will be, BY
tho GplGiun OF tile people.
| should have been glad, fellow citizens,
II had tine aud strength, to make foil
exposition OF my views and opinions upon
all the great measures aud questions that
d l!.~as y, and ee!iq'e our country.
10 mako foil examination ot the ptlnc.'
plies aud measures Of our opponents, If we
could hud out ahai they are, and contrast
them with our own. mean them no dis
respect would 10, use one word to wound
the feelings Of any one OF them but am
really aud unaiecledly ignorant oil the
measures Of public policy which they are
desrous 10 promote and establish. kno"
what they oppose. know that they stand
IN direct opposition 10 every measure which
Tie Wigs cspou,c but What are thou
substitutes The Wings believe that tht
Executive power has, during the two last
uud the present ADMINISTRATIONS, been niu
efabIy ebuscd that It has disturbed The
balances Of the Constitution; aud that, 10y
ITS cncfoachmeuls upon the CO ordinate
branches oil tho Government Il has becomt
alarming, aud dangerous. The Wings are
therefore DESTROYS to restrain II within Con
stllutonnl md proper limits. But our op
ponenls, who assume TO be emphatlcally Ih'
friends Of tho people, sustain the Executive
"a all lis widest aud most extravaganza ca
ceases. They 90 Tor Netoos, 10 oil Thea
variety for Sub Treasures, standing ar
mes. Treasury circulars. Occupying I
similar ground With the Tories OF England
they stand up for power and Prefoeallv'
agains, privilege and popular rights. lh'
. Democrats OF Republicans OF l19S-D
taught by the fatal examples OF all history
we're Jealous and dslrusilul Of Executive
, power. II was Of that department tina
thclr fears were excited, aud against thu
lheir vigilance was directed. The feder
nltsts Of that day, lmbib'ng the opinion iron
tho founders OF the Constitution, honestly
: believed that the Executive was tho weak
, est brunch OF the Government, and henc'
, they were disposed to support ma Strength
! en- il. Rut experience has demonstrate
their error, aud tho best part OF then
hive united with the Wings. Aud In
Wings are now in the exact position Of tn
Republicans OF l705-'0. Tho reSldu
e aud probably tho larger part OF The FEEDER
/ alists lolued our opponents, md they ar
Q now IN the exact position Of the FcdcraIisl
, orl7gS-'O, with this difcrcuce-thai the
4 have shu: their eyes against all tho light
of experience, aud pushed the Federal doc
k ttinos of that day Ear bcy ond the point I
c which they we're eyer carried by their Pre-
/. decessors.
# Blu, | un irespassiug too long on you
nn,euce, and must hasten TO close. re
!. oret that am too much e~nauslcd, an
|. have not tme TO discuss other iuteresl'n
subjects that engage the public attention.
| should be very gIud to express to you IN
views on the public domain; bu, | have o
J. ten. on the floor Of the Senate and on oth'
r public occasions, fully exposed them.
& consider i, the common property OF the N
- ton and tho whole nation. beltoyo 1t
4 Al