Indianapolis Indiana Journal in Indianapolis, Indiana 28 Oct 1837
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Indianapolis Indiana Journal (Newspaper) - October 28, 1837, Indianapolis, Indiana
Vol. Xiv. Published by Douglass Avo e l. Terms.�?$2 50 per Aii Nuin in Advance for 52 qumbers�?$3 of at 6 months�?$3 50 at tie end of it he volume. No paper will be discontinued unless at uie option of Trio publishers until arrearage Are paid. space occupied by 250 Ems shall be counted a Square nothing counted less than a Square All Over a Square and less than a Square and r halt shall be counted a Square and a half. One Dollar per Square shall be charged Tor the first three of any less number of insertions and Twenty five cents for each additional insertion. Advertisements published by the Quarter or longer Wail be charged per Square Lor three months �6 for six months or $10 per annul. Merchants druggists and others advertising by the iii be Oliai Jiei Foi to Vul Squar its 15 39 with Manha synonymous India Zapolis saturday october 28, 1837. Phoebe was the greek name for the Moon the of Phoebus the Sun supposed to mean the Light of life. Let no parents name their daughter Priscilla if it be derived from the latin unless they mean to Call her a Little old woman. Rebecca hebrew fat. Belzoni relates in his travels How great a Beauty plumpness is still considered in the East. Rose the Flower of Sharon. Sarah hebrew a Princess Sarah the wife of Abraham was called Sarai till her name was changed by the express command of the Al Miffy j Coni Mittee on finance that if the instalment was retained beg in paper it could not be made available in Aid of the necessities of the Treasury As the government would not use paper and we would still have to authorize an Issue of Treasury notes and a loan of at least $10,000,000. Why then withhold it from the states who Are willing to receive it in the very funds the government rejects and in Many instances can accommodate the matter with their own Deposit Banks beneficially to the government the Banks and the states but viewing it As a question of inconvenience Between the government and the states How tit Ana the Case of mtg in iii quoth i oijua.-�, Looi i Lui Quot a us inc Aimi n the a a Fiaai to u a it. Ooh Sam Una Oraham Tor to the Quot cams $ �5 for a Hal of a column $35 for three fourths of a Polunin $50 fora column �60 per annul. A deduction of 20 per cent will be made on advertisements longer than a Quarter of a column when inserted by the half year or year and not altered. All advertisements authorized by statute must be paid for invariably in Advance. Advertisements coining from abroad must be accompanied with the Cash unless ordered for publication by a brother Pul Wisher. The postage must be paid on All letters to the pub is hrs or they will not be taken out of the Post office. From the Ohio statesman. The country girls. I love the country Quot spinster Quot who turns the buzzing wheel who plies with Busy hand the card with merry hum the reel. I love the Quot country seamstress Quot who makes the household gear. And who with Industry and Art. Prepare the Home spun Wear. I love the Quot country Nilk maid Quot whose daily task supplies a wholesome food and beverage Foi country families. Her neat and simple Dairy her Industry attests. And when night finds her weary in innocence she rests. I love the country House wife her neat Sweet Rural dome where love and truth and kindness dwell the ploughman s Happy Home. They Wear the healthful blushes. They walk with form erect. They Wear their own wrought Home spun. And gew Gaw show reject. No Quot grecian Bend Quot affected no ambling mincing Pace. No scornful tossing of the head. No moorish wry Grimace. No Sallow Pale complexion no court spots speck the lips no Camel Hump deforms the Back. No Bishops eke the hips no Quot come and see my shoulders Quot no studied vicious taste. No whalebone framed to choke the breath. No corsets Cut the Waist. No dark Midnight carousels corrupt their purity. No treacherous Espousal convict of coquetry. Faithful in All relations As Mother daughters wives As Sisters kind and lovers True. And virtuous their lives. Thy wife thou Shalt not Call her name Sarai but Sarah shall her Nama Gen. Xxii 15. Sarai Means my Princess Sarah the Princess not of one family but of Many nations As we read in the next verse a Quot she shall be the Mother of Sophia greek Wisdom. Susan hebrew a Lily. Susiana an ancient province of Persia is by some supposed to have been so called from its being a country abounding in lilies the persian name of that Flower assimilates to the hebrew. Amount of the instalment to the amount of the loan she is compelled to make at All events than it would be to the states to lose the Benefit of the Money at this time. These sir Are some of the reasons that induced me to vote against that Bill. I thought it but Justice to myself to stale them As i gave a silent vote on that occasion. Sir i have been surprised to hear this great subject argued Here a if it were really a question Kotti Roon t k m Art f i a n a a signification of Christian of females. Gnes derived from the greek Means Chaste. Anne and Hannah hebrew favored with the excellence of mercy Barbara must be an exception to the Rule that names have Arisen from the Good wishes of parents if derived from the latin it is a name not very much to be coveted. In the dictionary we find its meaning unpolished foolish cruel Savage however As Peregrine have been Given to a stranger. Blanch French fair. Catherine greek purified pure. Caroline and Charlotte appear to be the feminine of Charles. Clara latin almost explains itself in its English sense it May be understood As signifying fair Noble illustrious. Dorothy greek the gift of god. Elizabeth hebrew god hath sworn. Esther is a persian name. Esther the Jewis i captive whose history is related in the holy scriptures was named in her own country Hadas Sah Esther ii 7 but As was customary lost her name with her Liberty. Helen has been Der de from a greek word to draw because the Beauty of the famous Helen attracted so Many admirers and from Hellas the ancient name of Greece. Jane. Janus is by Macro Bius used As a name of the Sun thus Jane or Jana May As Phi be mean the Moon. The different derivations of a Tius Are too Uncertain and numerous to particular inc Isabella is Spanish for a Bright Bay color. Laura perhaps from the latin for Laurel. Lucy from the latin Pra Nomen Lucea from Lucco to Shine synonymous with Clara or from the child being born Prima Luce Early in the morning. Louisa is most probably the feminine of Louis or Lewis. Lydia is a country of Asia minor said to be so called from Lud the son of Shem its inhabitants were very effeminate and it might be there fore considered an appropriate name fora female or very probably the women of Lydia were remarkably Beautiful. The name occurs in Horace. Margaret greek a Pearl. We find in or Archdeacon Nares Quot glossary Quot that margarite or Margaret was formerly used to signify a Pearl in the English language As in latin and French and in Drummond s Quot poems Quot 1658, p. 18g, is the following epitaph on one named Margaret Quot in shells and Gold pearls Are not kept alone a Margaret Here lies beneath a Stone a Margaret that did Excel in Worth All those Rich gems the indies both Send Forth Martha syriac. The mistress of a family such was the character of Martha the sister Lazarus. Mary is derived from the hebrew but it is did a Trul signification it May mean either the bit it thai of them As Mary the sister of Moses of named during the bitter egyptian captive speech of or Smith of Indiana on the Treasury system delivered in the Senate of the u. S., september 21, 1837. The Bill providing for the collection and custody of the Public Revenue to Geilier with the amendment offered thereto by or. Calhoun being under consideration or. Benton having Laid his amendment on the table or. Smith of Indiana being entitled to the floor Rose and said suffer me or. President to make to the Senate my acknowledgements for its kindness in adjourning Over last evening upon my motion. At that time i was too much indisposed to proceed and in return for the indulgence of the Senate i can Only Promise you that i will detain it no longer than May become necessary to enable me to submit in As Brief a manner As possible some thoughts on this important subject. Sir in Liis my first attempt to address this August body of which i have but recently had the Honor to become a member i am not in apprised of the Lelit Acy of my situation surrounded by old Able and experienced senators who have grown Gray in the service of the country in Liis and the other body men to whom the a it eople have justly looked for the doctrines of constitutional Liberty. It would almost seem in me to throw myself into this debate nor could i be persuaded to do so to their entire exclusion unless under a Paramount sense of duty to my state. The country Lio Wever will lose nothing rom that source As i understand that the subject now before lie is note is one which via undergo a full and discussion on the part of those distinguished senators to whom the country is looking for information As to the Best course to be pursued not Only on the part of the , oui on the part of the people and while it is to be hoped that most of them will respond to the Call of the senator from South Carolina or. Calhoun i am still disposed to ask your indulgence to the expression of my own option ions on a subject on which the views of even such men Are so opposite and so various. Sir this is a subject of Groat importance to the interests of the country and one that has caused great anxiety in the Public mind. It is therefore highly important that the whole matter should be Laid clearly and fully before the people that they May Hove an Opportunity of judging for themselves on the merits of the propositions made Here both in favor of and against the views of the executive. For my own part it is sufficient forme to say that if 1 know my own heart i came to this body with a sincere desire to cooperate with the executive government in any measures which May Benefit the people or restore the National Prosperity and towards the individual now in the executive chair and the other officers of the government i have none other than the kindest feelings. But in relation to measures proposed for the Benefit of the people i hold myself at Liberty to examine them fully and freely without being controlled by those trammels which have been too often used to Firce men to act contrary their convictions. When i took my seat in this body it was with a full determination to examine carefully for myself the various propositions that might be presented and to decide upon them according to their merits. Sir we were called on to Aid the govern Mit because it is obstructed in the exercise of its Ordinary Powers. And when we were told that the government required our Aid that it was embarrassed for the want of Money and that it was necessary for Congress to Grant it supplies to Aid in the course of its Ordinary operations i did not hesitate nor did i even examine very closely the propositions in relation to the Means of those supplies but knowing that they came from the committee on finance founded on the estimates of the Secretary of the Treasury without any hesitation i voted for the Bill authorizing the Issue of Treasury notes. I pre feed the Bill As it was without striking out the provision for interest on the notes. I was not willing to resort to a temporary expedient such As issuing notes without interest which As heretofore could serve Only to delude the people and end in disappointment without any practical Benefit. The next Bill in order was the one to postpone the Forth instalment of the deposits with the slates. It May not be strictly in order but As great latitude has been Given to the debate i beg leave Here to give my reasons Why i could not Vole for that Bill and one of the Start Gest in my mind was this that the government of the United states through the medium of an act of Congress had raised expectations on the part of the slates which it ought not to disappoint. The states had prepared to receive the Vioney they accepted the proposition of the government proceeded to legislate on the subject and Many of the states appropriated the whole fund some to the important cause of education some to Aid in their works of internal improvement some in one Way and some in another beneficial to the people. The states relied with full Confidence on the receipt of the Money they had a right so to rely and although the facts May not strictly amount to Legal contracts Between the parties it is certainly so nearly Allied to one that it would be doing the greatest injustice to the states and people to disappoint their just expectations by withholding the instalment. Again it was admitted by the chairman of the does any one suppose that president Jackson and his Cabinet would have thought it so important to satisfy the Public mind of the ability of the Deposit Banks As fiscal agents of the government to regulate and assist in procuring a wholesome state of Domestic exchanges if in truth and in fact the government had no constitutional right to act in the matter it appears sir from a paper now before me that such also were the views of or. Van Buren As expressed in his letter to Sherrod Williams. I read this sir for the purpose of showing that this idea of denying to the government through its fiscal agents the Power to Aid in tie of the exchanges is an after thought Van the principal grounds relied upon for a As i you would succeed in its prostration these evils were excited and Banks sprang up and banking capital increased All Over the country in a manner without a parallel in banking history of this or any other nation. Your next step was to remove the deposits of the government from the United states Bank to the selected local Banks. These Deposit Banks so soon As they received the Public Revenue were encouraged nay compelled by the government to expand their issues it was expected and required at their hands before the government would give them the use control of the Public Revenue. The vacuum created by the withdrawal from circulation of the notes of of the United states was to be supplied by this better of Arreacy As the people were told. The merchants and Banks on the other As if the great body of the people had no stake or interest in the manner. Do gentleman really suppose that the Banks and merchants Are not creditors As Well As debtors do they not know that for every Dollar the Banks and merchants owe the people owe them at least As much do they not know that you cannot oppress the Banks and the merchants without producing a corresponding pressure on their debtors the people will not the importing merchants Call upon their debtors the retail Nier Grants the retail merchants Are involved but Are they alone no sir they go to their debtors the people with their demand augmented by their profits on the goods. The whole sir Falls on the consumer. In this Way the disasters of All classes in the country Are necessarily identified. Sir you cannot 0 press the Banks or the merchants unless you by the same measures Embarrass their customers the people. If you put your Iron hand on them they resort to the people and on the people ultimately the evil must fall. It is not the fact that this is a controversy Between the government and the Banks and importing merchants. It is a question involving the interests and Prosperity of the entire country and sir l am glad it is so. I should be extremely sorry to see the time Hen the great interests of the Community shall be so separated u iat one May fall without the others. They Are All embarked in the same National vessel bound to the same port and equal regard should be paid to them All. It is admitted on All hands that throughout the country from one end to the other Confidence is destroyed. Yet iii said truly that we possess All the can Ion of Proks it Eri a Lii Hnnry of Zvir to be put in action. But sir look at the state of our exchanges. Gold and Silver at Nashville commands eighteen per cent Premium United Stales iii in notes Are bought up by brokers at twelve and a half per cent., to be sold by them at fifteen Ohio Indiana and Kentucky paper from eight to ten per cent pret cum. Such is the state of the Money Market there As stated in the Nashville Banner and so it is All Over the country at a Premium at one place and at a discount at Ano her. Sir it is impossible for the Farmer the Mechanic the merchant or any other individual to know what to do such and so great is the destruction of Public Confidence and the derangement of the currency and exchanges. But we Are told from very High authority that the government has nothing to do with the exchanges that the merchants must manage them themselves or that other Means must be provided than those of government. If by this doctrine i am to understand that government has no Power to fix the rate of exchanges i admit its correctness. But if the executive Means to say that government has no Power to Aid in the application of the appropriate remedy for the deranged and obstructed exchanges of the country i wholly disagree with him. Sir it is an after thought to answer a particular occasion. It is an Ophi Ion never advanced before by any statesman. Such sir was not the opinion of president Jackson or his advisers at any time of his administration. It will be recollected that during the time of War when the Power of the executive government was arrayed against of the United states it was declared that one of the important functions of , due to the interests of the people was to regulate the exchanges and therefore it was contended that it ought to be continued As the government agent. On the opposite Side it was contended that the local Banks the state Banks the government Deposit Banks would regulate the exchanges with As much advantage to the people of the United states As the United states Bank. And yet it never was contended that the Power of the government in its fiscal operations could not be constitutionally directed so As to regulate the exchanges of the country. Allow me sir to read an extract from president Jackson himself in which the regulation of the exch Tiges was considered an important part of the duties of the fiscal agent of the government of the United slates. The president considering the matter of so much importance uses the following language for the purpose of satisfying the american people that the local Banks while they would perform equally Well the Ordinary duties of of the United states would also perform the same office equally Well in regulating the exchanges of the country. He says experience continues to realize the expectations entertained As to the capacity of the state Banks to perform the duties of fiscal agents for the government. At the Lime of the removal of the deposits it was alleged by the advocate of of the United slates that the state Banks whatever might be the regulations of the Treasury department could not make the Vrans fers required by the government or negotiate the Domestic exchanges of the country. It is now Well ascertained that the real Domestic exchanges performed through discounts by the in United states Bank and its Twenty five branches were at least one third less than those of the Deposie Banks for an equal period of time and if a comparison be a a stilted Between the amount of service rendered by these institutions on the Broadi amp a basis which has been used by the advocates of the United slates Bank in they consider the Domestic exchanges transacted by it the result will be still More favourable to the Deposit message o/1836. Bank to establish its Utility and necessity understand them Are 1st. That such an institution is necessary for the transmission and Safe keeping of the Public moneys 2d. To secure a Safe cheap and convenient system of Domestic Exchange and 3d. To make and preserve a sound currency. The official reports of the Secretary of the Treasury show first that the average amount of Money annually transferred by of the United states from 1820 to 1823, was from ten to fifteen millions of dollars ant the amount transferred by Deposit Banks from june 1835, to april 1836, or about ten months Over seventeen millions of dollars in both cases the operation has been without loss failure or expense. In regard to Domestic exchanges the following facts Are also established by the same authentic source Viz that the amount of Domestic exchanges performed at the last returns by the Deposit Banks exceeded thirty five millions of dollars and at no return for Many months has it been less than Twenty five millions which at an average of thirty millions at each return would be in a year one Hundred and eighty millions if each Bill of Exchange run on an average of sixty now sir do not gentlemen see the vast a mount of the currency of the country operating As a circulating medium which assumes the character of Bills of Exchange and do they not see the fatal consequences to the business and Prosperity of the country resulting from the derangement of this part of the medium of circulation and the vast importance of regulating it by the fiscal agent of the government As no other Power can do it sir it appears conclusive to my mind that when or. Van Buren was canvassing for the presidency he did not pretend that the govern Jent had no t the Power to Aid in the regulation of the currency and the exchanges. I think sir 1 have sustained the position clearly the such was not tie opinion of the late executive and that such Vas not the View of or. Van huge when Howai canvassing for the presidency. But now in order to sustain divorce Bill which withdraws the Aid of government in regulating the currency and exchanges it is necessary to repudiate the idea that government Shoultz Aid in regulating the currency and the exchanges and to show that she has no Power Over Titis matter. Again sir we hear from different quarters i know not whence it original est but we hear the cry of Quot propose your question bring Forward your counter propositions if you Are opposed to those of the administration this is a contest Between the aristocracy of wealth and the democracy of sir i know not what the aristocracy is like or of what it is composed. There May be such a thing in some of the older states but it is unknown in the slate from which i come. There All arc on an eau Ali by or rather there is but one line of distinction Between them and that is the line which divides vice from virtue honesty from Villany every Man standing on merits without regard to those factitious and invidious distinctions. But even if such a line existed Are we to array on3 class of citizens against another to excite envy and enmity on the one Par find contempt and hatred on the other no sir under this government All Are on the same platform of Equality uninfluenced by artificial distinctions not fount led on personal Merit and stimulated by the glorious consideration that the door to the highest offices within the gift of the a Leople is alike open to All. Sir As to the embark garments of the country the great and menacing crisis at which we have arrived i have but a few words to offer. We must be guided mainly by the Light of experience in providing a remedy. Again and again has it been ascribed to the same cause of Over trading speculation expansion of Bank paper it extera. The people it is said have become Consumers and not producers. No doubt these Are some of the immediate causes of the evils complained of. But i have my own views on this subject made up not Here for i have been eight years from the Capitol but at Home with the people and 1 this k i know their views they Are founded on Plain common sense. It is said there has been great Over trading too much speculation Loo much Bank paper. Sir i admit the fact but standing Here As 1 do i feel it due to myself to my state and to gentlemen Here that i should not withhold my More particular views on this subject not for the purpose of a ruminating others or of Dis uni Ting us this would do no Good we ought As far As possible Only to recur to the past to guide us in future and to unite in attaining the great object of the session. I will not say therefore that this that or the other measure was wrong for the purpose of censuring any one but i do say that the people have a right to know All that they can know from us respecting them they Are looking with intense anxiety to this body both for inf a Malion and Relief. Sir i attribute this crisis of the country to something different from the senator from South Carolina or. Calhoun and in doing so i judge by the times of different events and by their effects on the people. I know sir the great ability of that gentleman to argue away our common sense and almost induce us to believe that a thing is not n hat is apparent on its face. I attribute these embarrassments and disasters to the destruction of the National Bank and the removal of the deposits in the first instance As the great moving cause. I cannot to satisfied without speaking the truth. A previous to changing the Telepo sics these Diilio us ties were unknown the exchanges were Knob government expanded tie in whole country was flooded with their Pap properly of every kind look a sudden Rise a a crept the Public lands produce was High and paper Money As plenty almost As the leaves on the Trees of the Forest. The temptation was too great the people were seized with a kind of speculating mania millions of dollars were drawn from the Banks and invested in Public lands and other properly a great demand was created for merchandise in consequence of the facility with which Money was obtained and the importing merchant willing to share in the Golden Harvest made Large importations the whole country presented a most flourishing aspect and the friends of the measures pointed with Pride and self granulation to All these evidences of Prosperity and cried Quot now who can doubt the Wisdom of our measures Quot in the midst of All this cheering while the Banks were pursuing the very course pointed out to them by government they were me by the cruel Treasury circular the order in concil which required All payments fur Public lands to be made in Gold and Silver. Sir what was the consequence of this order Why sir it at once created a suspicion of Bank paper and that suspicion immediately ran through the Public mind like fire though a dry Western Prairie it was the Tocsin of alarm to the people Public Confidence was soon destroyed and the consequence was that specie soon commanded a Premium. A run commenced upon the Banks by the holders of their notes but even this they could most of them have stood but private depositors became alarmed and withdrew their deposits and hoarded Thern up and the final consequence was the suspension of specie payments. Sir thus by your own acts Vou have aggravated the very disaster which you produce and which in the first place you ought to have Prev Coteil and in the second place to have remedied. This stale Ono. 802. Vor ably by almost the entire Deni Cracy of the nation and by Many who had voted against the old Bank. The act was approved of by that great apostle of constitutional Liberty or. Madison it subsequently received the approval of the highest judicial tribunal in your country deciding the question of constitutionality that great Jurist chief Justice Marshall on the Bench. Sir is this question of constitutionality never to rest it has been decided in every Way known to the Constitution. Why then disturb it i have said or. President that a great part of the time the government has existed she has used As her fiscal agent a Bank of the United states and let me add up to the Day of the removal of the deposits not one Dollar was Ever lost to the Irr Mir i on the Parr disguised in every part of the Lia Iolj Wium a promptness and safety almost incredible. The Domestic exchanges of the country were aided to the entire satisfaction of All concerned. The currency the vital principle of Industry was sound astonish Gly sound All of the Banks re deep thing their notes on demand with specie. Sir it May safely be said that no people Ever before had so Safe so uniform and so convenient a circulating medium. It was exactly suited to the Enterprise of the american people a mixed currency a paper currency convertible into the precious metals at the will of the Holder. I would to heaven or. President that we had just such a currency at this Lime in lieu of the deranged circulating medium which has been Forcell upon us by the mistaken policy of the late administration but is this All no sir. The fiscal a. Gent of the government of the United Stales not Only discharged All these duties to the government without the loss of a Dollar but it actually paid to the government the sum of $1,500-000, As a Bonus for the privilege. Why then Why let me ask did the government abandon this agent give up the Bonus which was increased to 3,000,000 by the act which passed con refs and met the veto Power of the president give up the benefits arising from a sound and we Holesome slate of the exchanges and a to Lorency and ask to be delivered from that Union sir i Vas opposed to that divorce first because i thought the old Matron a mainstay in the family and Sec madly because i could not discover any of the predicted advantages that were to arise from the now Alliance with the local Banks. I viewed the Mailer then As those who Are asking for a divorce from that Union seem to View it now and Gei Leinen will excuse me if i cannot have much Confidence in tiie new Quot expedients Quot of those who like the present executive with a full things became contagious and the contagion sex i knowledge of the results of former trials of the tended itself to every country and to every inter j slate Batik system still urged it upon the Amer est directly or remotely connected with us with ican people As altogether entitled to their conf a violence proportioned to the intimacy of the con Dence and regard. I was. Somewhat surprised to Nexion and the quantum of the interest involved see the open avowal of the president in his Mes the extent of the injury sustained l by the issuing Sage to us a few Days ago. He says of the Treasury Ortler in Council is not. To be Quot local Banks have bean employed for the depo measured by its operation on the specie of the site and of Luo at a fall country by diverting it from the channels in times partially and on three different occasions which the Laws of Trade required it to flow but exclusively first Anterior to the establishment by the Elf eco it produced on the Public mind pre of the first Bank of the United states secondly in judicial to the u edit currency and business of the interval Between the termination of that the nation. Sir from the first Momiu i saw that institution and the charter of its successor and order i had no doubt of the approach of the final thirdly during the limited period that has nov catastrophe. The Banks pressed on the one so abruptly closed. The connexion thus repeat hand by the government and by their depositors Teddy Alten pled proved unsatisfactory on each and the holders of their notes on the other were successive then Why did they resort wholly unprepared and unable to stand up. 1 to it again. Tivey openly avowed and admit contend sir that the government stimulated the fact that it the Quot Experiment Quot had been Iri the Banks m the unwarrantable expansion of their de twice before. But there Are two simple facts issues in the first instance by her measures and admitted by the president that to me speak then by her counter policy produced the Catas volumes in favor of the Wisdom of a Washington Rophe which followed i presume theiso Meas a Madison and their contemporaries in establish ures were adopted from patriotic motive but eng a National Bank they Are these that even sir can there be a question As to their Wisdom the most desperate of the of ices of the army that All that the revenues of the go has Baen employed in the War against verment must be collected and disbursed and while ii Vine and against us ghost since its de that in order to perform this operation fiscal cease cannot say has not dared to say that it a it ends must be employed. The great question had not at All times discharged us fiscal duties then submitted to us is what shall be that agent with Fidelity and secondly it is admired that the that we May decide that question or president operations of the government became obstructed with All the lights of experience Ana reason be in each Case when of the United states fore it seems necessary to recur to the past was dispensed with As a fiscal agent of the gov policy of the government. Ido not this sir for Ernie no. The purpose of a ruminating or reproaching others i come now or. President to speak of the who have differed from me on this policy far Bill before the Senate known Here As the divorce very far from it. I recur to it As a matter of Histo Bill. I was opposed As i have told you to the by of past events that should not be lost to the original divorce i was still More opposed to the statesman of the present time while anxiously object of your then Choice and had i been Here Quot seeking for the True of the vessel of state in Quot the name of my country i would have forbid and for the Best Means of extricating her from den the bans. But you married and i now find her perilous situation. The people want to be the Groom and nearly ail the a wedding guests in placed in a condition that they can pursue their favor of another divorce. Sir upon principles of various avocations with safely. The matters Coji common Law you Are not enticed to Miyo Quot Wmk nested with this Bill should be finally and forever de at nay More you seduced Yott Bride from decided not to be disturb Eil without Good cause the path of virtue and you ought not to be allow for it would be better for the people to know what de to take advantage of your own wrong. But they have to depend upon a a though it might not sir i am ready to confess that i am much More appear at first so Benet Lix a their interests opposed to the object of your third Union than than to be eternally deceived a Quot and deluded by i am to. A separation from the Darling of your be Quot experiments Quot and "expltlienls,"f5lilly proving cond Choice. A that even in these Days there Are men who Are sir this sub Treasury scheme of divorcing the Quot Rich in promises but poor in j government from the Banks and people is in sir the fiscal operations of this Gove Fimel have my mind the alarming that Hasa a Ever been presented to the american people. In vain did our revolutionary sires shed their blood in the contest for Liberty in vain did the sages been for a great portion of the Lime 4ce the a do lion of the Federal Constitution a National Bank. The first institution of the kind was established under the administration of and a and patriots of that eventful epoch contend for the proved by. President Washington the father of glorious privileges who Civ Nve enjoy in at this his Cim utry. It passed a Congress composed Day of the Republic we Ait to Auri Muler up a Lar it re numer of inc very men who formed our executive. And to his immediate adviser Large glorious Constitution. I mention this fact for the purpose of answering an objection to a National Bank Finui Dodon these positions first that Quot in is unconstitutional secondly anti Republican and dangerous to lib cry. I hear Quot these objections Tir cd from All quarters by the poll Irani of the present Day. Do these gentlemen suppose that the framers of the Constitution themselves did not know what Powers were intended to be Given by up to the the liberties of this great people. Sir when the Patriot daily sees the immense Powers claimed for and exercised by the executive has lie not just cause for alarm the veto Power is his the army is his the Navy is his the appointing and removing Power of All the Interior officers of the government is his the sword his and he now asks for the purse. Shall we give it to him shall we surrender up the treasures of the nation the hard into his hands As is pro a that instrument or that Uliey would so recently earnings of the people i a a idler its adoption wantonly violate its provisions posed by this Bill never. Or president or tilt or can they believe that patriots and 8ifge.s would have adopted a measure anti Republican and dangerous to Liberty so soon after they had crowned themselves with unfading laurels in that glorious struggle which ended in. The prostration of re us Power and the establishment of these free Insixi unions under which to live Aton co envy of monarchs and the Pride of Vroomen. Afle this Bank had discharged the duties assigned to it for the term of its charter the local Banks were trial fairly tried and Provci wholly Ine client to discharge the deities which the in str cled and almost without expanse and Bank paper War everywhere redeemed with specie. But slates Bank h iii perform and the moment you said Quot break flown the was compelled Losk for the charter the United states Quot and it became .=.�?� a in a a a a a a my consent never never. I speak not with re Fermi ice to the present chief i i strafe i am discus Ding Litis matter upon inn iii Ilmy sir i Hao reason for alarm when i see the other pow of the government surrendered upon at a Ime either Befu a to or after the exercise of the to to the will of one Man. How can i forbear. Look with jealousy and alarm at a to vow so in a inordinate in it s desires and so in its up. A infects this Bill sir surrenders up the remnant of Power which we had still left with us. 1 object to in because of the vast increase of exe Siivo Quot Power and patronage it refers first by giving up the Solo control of the Revei Iuey of Ihn nation ? fend a loudly of the vast Lief so a a of officers a
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