The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1848-05-03
Dacuerrcotypc sketch of Mr..
walkers speech.

w
Bya refu,a,,on Of the positions taken by
Mr.. Walker on last Wednesday afternoon,
the D-moc,a,ic doctrine itself, would be
fef.led, cor twas much ailsr the same 0''
,of, c. Aa.,.i y tngbrar assertions without
proof. nod oa.rpahlr srgumeni.
NJ. Walker .aid The Wings predic-
t.d. INST ~ trs rrmnvaloflhe dcPosIles and
the pu'ia- daea Of The Old United States
Baak. ,ta, futo - ulj eaver The land and
nov a 4 ar,urd u. where is The RUN
,hr baak*agr go a : al eondItion, arc Ia
king gpoI case ct themselves; ale no'
under TIC thumb Of tina, monster, and es.
cry thing goc, on smoothly, Mr. Kirk
ex, M.mbrr Of the Legislature touched
his elbow and snid something about ex'
ehan.es-yes says he, and exchanges are
neatly at par.
We did m, think Mr.. Walker-the
Dcmoslhenes Of Meckienburg = would have
been So blind, so per eclly ohluse IN his
perceptions, and so sangulnc OF hts own
ubtqui,y, as to refer 10 this day for The ruin
vuS puecrs OF the cessation OF tho business
of,he United States Bank. and the removal
of The deposl.es hs must have been In the
Fee Jec Islands from 1887 to lstt-aad
received 40 papers from home, OF taking
r p Van Wlatgle nap during ha, time. or
he certainly would no, have been SO rush
10 his assertions.
Surprising NJ. Walker to have been ab
sent ffum this country or asleep during
the tins referred TO, We presume upoa 10.
forming him what occurred pending The
obhsicu- hiuius. the Bank wss put dow 70
and the De ppsI,as removed. aud ~ a con
sequence lrfomediable, numerous pct or
Stale nk- spruag Up, al wanting on dc.
posle some share Of the public revenue
and oilempiia. 10 supply the vacuum IN
the currency occa.inued by the absorption
OF the old q 5. Bank notes; this created
an unnatural innallon ~ the monetary eli
cula,lon--a kind Of plethora which was
, any thing else but healthy state n alIllrs
in the mean time the low Tariff. then IN
existence, lageihcr with The opPvenf p'en.
, nfulness Of money, induced extravaganza
IN our trade with foreign Countries. ihf
/ balance Of trade was in consequence turned
, ngslns, u.s. and now came The panic o.
, 1887. Specie was going on, o. the eoua
try BY the cargo neatly a run was made
0 on the Banks, aud their issues had SO la
. exceeded their specie basis that they coulS
+ not stand II; first Of all most Of the Binki
. stopped dlscouuling, then hundreds Of then
i. suspended operations altogether, and Il
4 swell the list Of their Ills they broke il
G various sections of the Union by tens an,
;. iwen,es; good paper money was scarce
=. specie was sosfcef, and trade Of all kind
;. want With It's haagard features and mud
:" limbs was ~ great many places Vi.
!. lhle. ExcnASess WE'RE VERY mlem, bot,
foreign and between the States. Yet Mr.
II Walker says that no evil resulted from tn
,, stoppage If the Bank, and that e1chaaee
~ were ioW' W no cifs, an Impartial hIstO
~ Of facts. or Mr.. Walker
&c lie SAID tina, "ihe Tariff of 1916 whic
.. :" d been denounced by the Wings. ba
o "pravfd eccsptabla 10 all; that il wa
"b-'naa4 .a a suflieiency Of revenue. an
" ih-t me moHul,clnring interest had no
K IS tren lr~Fd predicted"
o. Every pore from The North somc tin
ie aco bfoog'u accounts Of failures, s,oppa
vt 2os ar 4tug IF IN the wages, Of IN
'e nah9 a0'uf'nl Establishments the iroi, ia
., 'efes' 10 Paen+ylyanla was effected. IN
Of mtoIf,c'ofe # cottnn goods 10 New Eno
~ bad sU3 other manufactures of yariou
y k'Hd-; - ite ~! Secretary Wake
p kn'N Ut he II that the mnnner i
10 winch hat i,, y Lard On copper. r,rov
= 'e.s"i-, Am lc,n vessels leo, ioto Coreic
'e ports TO he eapper fastened" Bu, NJ,
" senator W ,lker saws no interest ba, b.e
J"fea: we are Sntry he sleeps 30 much
be THIS Tariff So far from coming up 10 n
n expectation Of oil. has no, even s,li.fs
70 W. prime originator the SECRETARY him
- seli--'"r he advised an addition Of ,hs n,
y, ticies ",ea md coffee 10 the list. WI
~ IS r'gh. Senator Walker, or, Srcrt,ar
Walker