The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1848-01-20
CHARLOTTE. N. c. JANUARY 20, ls4s.

our agricultural products. The balance Of
trade was 10 our favor. IL money poured
ou, one eud Of the sub treasury, it poured
10 at the other. But how stands the case
nswl We stand now with the drain both
ways. The exchanges are against US, md
therefore, instead oil gold and silver, flow.
ing INTO the country /, will flow out. The
expenses Of The war must be met Ell
iher by remii,ances in gold and silver OF
by drafts drawn in favor of British Der
chants, or other capitalists there, which
must be cashed here and also transmitted
abroad. Nov, sir, wba, will be the opera
ton OF this state Of ihiogsl How long
can this continue! What is the present
price Of treasury notes aud Of stocks 10 The
market! Arc they above psrl No. sir.
] see them quoted below par. | understand
the treasury notes are senslbly below par
and stocks still lower. Now VIA, is to be
the result So long as ,reasur, notes are
below par-so long as they are the cheap
er medIum-tie end of ii viii be. that lfea.
sury notes will 90 into the treasury AID
specie come OF, OF it. There is very great
danger that at last your treasury will be
Jrained to the bottom.
Now, sir, in this state of things, what
can possibly follow A great commercial
crisis-a grea, fin ncial ersis-even posi-.
bly,, suspension Of the banks. ] do moi
pretend to deal in the language OF panic.
Bot there is danger Of all this, of which
there was no: The slIgh,es, apprehension al
the commencement oil last session. Al pre-
sent, ihere IS crea. danger. The grea, dit.
llculty 10 prosecuting your campaign vii
DO to obtain money. Men you may raise,
bu, money /, sill be difficult. TO get. late.
IS converscd with a gentleman who oush,
10 know these things better than myself T.;
acd he supposed that SAC, 600 600 Won
be required either IN the shape Of treasury
notes or stocks 10 carry on the campaign.
| asked a, what price money could be had
aud ,he reply was, tina, i, would be at the
rate Of 90 Tor 100, which would be rather
more than per cent. believe.
But, SIR, these arc no. the only objections
Formidable as they are. The farther yot
proceed, the difficulties will increase. Dc
not zee tho sligh,es, chance that can 'end
10 the realizl,icu Of What il IS avoaed, the
prosecution OF the war ~ inicLded TO &C
tcompl,.h. The Object is 10 obtain treaty
We 20 longer bear OF cotiqueringa peace
but Of obtaining an honorable treaty ,h'
meaning Of winch, IS neither more nor less
than tina, We are TO obtain treaty tron
Mexico. giving US \ cesslon OF land eqnl
TO the ~hole lndemniiy already stated II
The former par, o. MY rema ks. Well, sir
Ms /, strikes me, whether war - successiu
or unsuccessful, Il mus, certainly end IN The
defca, Of the object, for the attainment oI
which, il is avowedy prosecuted. II the
war be unsuccess vi. need no, argue the
point. II We should be baflled in oar arms
as trust we will no, be, and think Il
not very likely TO be the case-but II CIR
cumstsnccs should prove unfortunate for Us,
and ~e should not be able 10 accomplish, IN
military point of view, What Is chnrac,erl.
zed as vigorous prosecution OF ISe war.
then, certainly there ~ii be no treaty.
insist upon 1t that the more successfully
this war Is prosecuted, the more certain
will be the delea, OF the object designed 10
be- accomplished, ~hll., the objects d'sa-
vowed Will he accomplished. How ls sue.
ce,siul war To be carried out J! What Is
the object oil 1t VIVA, is i, intended to eli
iecll can zee but one thing 10 BE- effected
|, is TO suppress all resistance IN Mexico,
to overpow e; and dispense her army, 10 o.
vetthrow her civil government, aud 10
leave her without, any farther power of re
sislance. We'll, Mr.. President, It that be
done, what is the result How are you 10
pc. an honorable peace II takes but one
party TO make wat-iwo parties TO make
peace. II all authority in Mexico be over
thrown, If there be no legitimate power
with whom TO negotiate, how are you TO
accomplish those oil cts which 1t is pro.
claimed this vigorous prosecution OF the
war is intended 10 clltctl SIR. you are dc
iea,ed by your success. That will DO the
clear and inevitable result. But what do
YOU accomplish The very object which
you dlsa,o@ For # the war should be
SO prosecuted, where will be The nationality
of Mexicol Where hr separate ex's.
,s.encel Where this { &c republic with
whom YOU desire 10 treat? Gone ! We
have bcued her ou, of the lis. of nations.
She has become a mere mass OF indiridu
ais without any politics! existence, and he
sovereignty Of lo country. a. least tor the
time being, is a. isletted TO US. Now,
Mr.. President, this is no. only conc!u'
sion from reasoning upon this subject, but
i, is one TO whi.b, it | understand the
Presiden, Alright, he comes with single
exception, aud that, mere contingency
no, likely To take place. Tho President
has very much the same conception OF the
objec, Of vigorous war asl have presen, /
ted. lie says tina, the grea, difficulty OF
getting peace, results from this that the
people OF Mexico IRE divided under lac
,ious chiefiains, and that the chlei'aln IN
power dare not give peace because his ~
val would then be able to turn h,m out; 7
and that the only why 10 remedy this evil
and obtain a treaty, is to pcs down the
whole of them. Well, what is TO be done
a.