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e • it is oven wisr to abstain fr->m laws whicli however wise and irooj in the ,- ive have tin ublanceofin - lich find no response in tho heart ol the citizen nd which will bo evaded with little remorao the wisdom of i rislntion is nspcciallj ..... dr t hcinning . bl rto.n qjlaioe salisbury row an county n c monday july nn ibm vol ill . n ( i riri4 ' r [.* j * , | j it is nut i a i v ll ;■;. >:,^^| .. .,.,.,,, in/i rvrtv stockholilera can i'm ;,...•.■!.,,,,, i , t , i 1 "''/', ' nfthe government tl i . ., / ■hue is ■. . ly during 1 10 period stipulated in the . . ■'""' " m . ,, nil , ii we uai.st huio such ;,■■■i ' , , a^*al '■.*■lho pui ■■and pulling the ■un i uii'i.il i ' u i ' r itockholdi . i liat ■al m '«*"" "■.;■'■' '' , " vl...l„*lav„,.l,..,.,,b '„',• ... , moro tli n a fourth pari of tin 1 stock i kirm bo ' , ., . i 1 " by foreigner andthe .-• ■., i ■______—_. id by a few hundrcd-ofour own iti us ■<-• ,'.•"!*- itt i*t*i?ci i i s i ily ol tin richest for re.,h ll i ■' llip-'lill ll ill llll-l h|,,ll ! . ' i i i ■i'll i h ,::,.- ' h ti ■, rs petttio compel i hie bill " to modify nnd cont . i ofibrud to talc i^b | ul.d " an act i charter on terms moro ■lo the bank ul to the govermnont and country hut this proposition although mndo i.v^b ' n ' considered it with ,,,,.,, v .;. aggregate v tnlth i l.--li.-v ■kijetnu regard to tho principles of tho u ,,,. a \ lo „|| ,| ie private stock in tha ih ■■. ition which the dn wns calculated l . . . ., |,.,. ll i;l . ,. ..,, , : ., ns ido unci hi i |. ro and come tu tho conclustui nur cm rutnent is proposed to h bul il ought not to become n law i here ;,...,.;., |„.. : ... v ,| on the few who hnve ■turn it to tho somite in which tl k oon t f r tunato enough to secure tho atock h oi ned with my objection nnd at lhi moment wield tin |, ower i i \ '. ik of the v nited is in many ,, listing institution 1 n:i..i t i is convenient for tho government rc i v0 thn justice nr policy of this course h c i useful to the people riitortairiti t our government must'scll monopolies h !,- pinion and deeply impressed with i t would seem to be its duty to take nolh h t li i'i u boiuo of ihe powers end i||g j egg u n n their full value nnd if grntu h pi iiii ." - .■'*"- "< ; by ii existing bnnk jij mmug * |... ,,, , , , fiftc or iwen i at • i in , ■" i by the ionstitulion buh , v v ,. ilrs \,._ t j on1 „ ,. i |, 0 stowc i n thc i torsive of iho rights ,,!' tho slates and b *„ ijjoeta of a forei n c i n-nincnt hor up i as to the liberties of tho people i oa a designatod or favn i r-laiis and men in h f.l it my tlulv nt an early pcriud ot my , m11 . ,,„.„' coun i n .. it i i j ,. ,,.-,- and 1 mlmitiistration t.i call th attention of g 00l ) p v . l ' s f ttf as tho nature of the h cmgr-is to the prneticnbilitj '•'' '"""''-'• ' ,'.,.,. % n admit lo conliuo nur t ., t , ■ing a instituli ui combiuing till its a ivan mf r , vv t ;.||,, w citizens and let each in i i and obviating these objection ' i turn enjoy an oppurtuoitj ... piurii i i n ly regret that in thu act before me , i|!r •■,,.„„,,." i n a bearings of tho act h i ,-. ,. pircnive n niaol those in idlfications f : .._. „, p ,',,„ :: , loe a points 1 find umnlch of.he bank charier which ; ': ' i 1 '"' 1 '- n ' v - 1 rtl . ,„„ u ;.\ it should not bnconio a law i ,„ ,.... epini ,„, to make it co.n,mtible with , m , .„ u . ■jast.ee with sound policy or with lho v . r ,,,* ,.,.,,,.,,,,.,■.,_, ,,,.. pr ,. , ... ■-..,-„:„■c . million ofour country in its loan will produce great n-l th present corporate irty fenomtn : -• i ;| „ ,,„, ■,.... ,',.. „| ,,,, d.rect us and < o.npanj - , j ■. ; , ban ot the i u.tod slates w.l have , i ir . „ ... ■, .. la ho time thn ... i '» tended to «" j i h ,,;.., cflfcet twenty year ii c.nj.>s .... . ■• „,;„,,,:„.,..„.,,,;■, , ,,. privilege o banking under he . v . , , „ ! j , u . :| ■; . ,. ilt ,„ ihe gencraiam-ernmflil,a p , ing , ■,!,„., .,,_, 0 f favor and aupport and as ( which has br o obvi-l i ,„,:,.. ary couacqi aiee almost a mon .* - r ;„ , ,,,. 1 1 ' 1 ' 1 '' 1 '';^^^ ti i'i wlu-u.l'i m -.,-.. willbolcspn fb powers priyilcgea and lavors bestow .,-„,„.;.„„,-,.,!, ,„ force is to ail , " ' "'" ll j "': , ; l " : ' c 7 1 ''; ''• ,.,,, lhe bank ought to be perpetual nnd greasing ho value of the slock far a » l . .- , , k i-ii'.-l y i-^i.^i-o , irf , „„:.., iw , 10ri ll their righte tut 0.uia tmuiuod to thu stuckuouiei • m . k it . . .- i,.,!i .. nt .: w in r a apolog nay be . nd lor the faduro ; '^ ,, ,., u:,:'!.,i,..il ilr utl,'..e.*n-..l . , 1;ni ,,,.. j bll . ''.'" ! " the e^ect of the original c un their connection with i f non raralion c nl i not bj certnitil "."" - ' , : , ; ,. utthetimoofit a the government aci u-roromepropo.cs another gratuity ... the modilieationa ol lho ex • ng char ;*,. i jcr ofthe -.. ck and in man ter proposed b this ncl are not eunh in iu tho amu men of at least icvoi my view asmnko it coumstont w.tlj he . h re this di lion fiuds no right f the state or lho l.borl i the ■, in nrry uncertain ns to the effocl people hie qualification of the right ol ,, f bl t on 1 i.-i -" -.:-. conceded the bank to hold rea estate the limitation .■'.., its - •" williucr i atli lattwen f ita powor to t labl i bi - id lie ly or thirlv per cent more lhc mnrkcl power rcearved lo congrca to lorbid the ' ; :-. ubjocl t thopayinem circulation ol imali note an i tm tion eiftlic amiuitvorwoo,000 per year eecu-t mpartively of little iportanee red bv the aci ; thus adding in a momonl all lho objectionable pr.n iples of lho ex irtls i . par value it ianol our isting corporation nnd it ■ofil odiour ,,..... .,„.!'. wh loroceivothe feature aro rola 1 wit.iniit alleviation i efour gi-vernment uore than the lourth section provides hat th c i mill f the ..'!. eflhi bank tc er bill of.he aid enrp - i.t al a •'■!,:!! l.s i 1 ,-- „ ". i thiaacl th - «"» "' : ,' ' "" ' " ; ' at rir-an republic proposes virtuallj to r ipoelive lv n "■it one place , ■,„,-,, ',:■-,,,.- million 1 only hali itcwrthelos be received bj . ... l*ur those gratuitio to foreign ,,:,",,...,,:,,,> ol ... own opulent cili of tl ' ; ! - - " ;" ' ■ore uival nl whal thereof if ten.icrod in hnu pay : , gainsof.he menl of any balance o balauee duo to ," „., . pa , under the op ration id corporation or to wch offi fdi . • altar ii tall ell """ and dop ? te from any olher incor t ■, ,„„,-!:,'!,',„„.. poratod bank ii ,, i,„,ii„,k.lv,n id nil oxclu*ive priv thi provision wcuroa to ' w btate in ■•,... .!.'■.! .. i tbo expon i'th lainka n lo'ziil pnvih.gc in the biuik or the i lio-rsl'lto receive n fair co,uiva united state winch .* withheld from nji ! tho many million which thia acl private citizen if a stato bank in phil loboatott ihe rtockbolder of ,,:,'„.. owo tne bank ol lho united i k must co.he rfirectlj ... slate nnd have note issued by tlie st , u | .:', ," . : s„i'ii..'a .• louis braucb.il ra pay tho icanp '■ii i i lu thora,then t i l 1 if a m rchant.m cho if.lii'ir i i.-r ml oil ; ter private citizen bo in like ciiiri . jvil «, lhal t . ' incc ho ennn-.t bylaw pay hi t ..,'. ii ■■-.. lh ihow note but it ell tin at a an ■.,„,,,!.-!. the raluooftlii unt or aend them to st l.hii lobe , ihi cum may hi ecll ,,-:,- i hii bopn cot tdod to ik .,,..,. i tlie twenty eight btato banka though uoi unjust to tl k would probabh be at an advance m o.t orliou ; because il doe not n*«a orintv ,,, rent ai.d < i il in market outemial juatico to tho hi hand the low atk-aa i t.v mini n i "'■the rich md tlie poor ro the exit i ijecttn the payment of tho present bonua ,.. practical eflbct it ia a bond of unioa iv ii yaluo of the monr.p-.ly there among the banking mtoblialunent ■< in i venteen millioo of dollars und iwtirmiotrecling thorn into an taterest a«p i lb the act prop ii for three mil aratn from ihnt ofihe p.»oplo : an.l it ao . • . ,- t u ■the i ih i t . l ' .' ' *'-' " "• tu,a "■"■sli ' t '' l '* l " kj ' '"' ire which may l*o thought con clioit fdirontorsi etirtailetl .'. reme judges wliftvit may be brought in another point of view tins urovi lo thair common interest inl ird of t p stock in tin i'oro i for juincinl decision fhe sion w a palpablo attempt lo araenrrthi tho niii.li s-'rii.-n of i'm net roco not ited in i ■■■■• ,-. — opinion nfthe judge hus no more euthnri constitution by un jet of legi i tin ., ..,.'. .,.,'-. ... than tin i iti it ly p.<h*ing it of tl.o country ly oyer f.'.i s llinn thu npininn of con i'i constitution declares tlial " net u a ,, i ; . it charter nnd this i i • its departure i -- hn nvi • tho judges ami n timt gross shall have power to ejtorcisoexclu ii , un i ihat the cashier of tho bank l'he t ... • lint the i'ri.-sidt ti-i ; ndent ot both ive legislation in all cases whatsoever half nnniiully report to tin - cri'tarv l n . . , of a li v cit i ie uitthoi it of tlm supremo court must nver the district of columbia it con h i'rcti un t ! i - ' 1 1 1 1 .- a-ul the cnau wit 1 lh 1 lit ted to control the stitulional power therefore 10 establish ti'hnur ,, 1 i.-.a.it ,•:-.;.■.,- ■1 : , ■i it ivhi hi < i cntnpli.hotl s or thi executive whon acting banks in tbu district of columbia and tits tales and 1 1 tin ipp lion of tlie would i men i lutivr cnpuc-ili 1 bul to have creaso their capital ut will 1 unlimited 1'i-cn 1 rc i ol 1 slate hull nmlto oul sec.no that , . ; - - ..;■ill ui-li ,,,•!■., ucc a the force of theif and uncontrollable l.y anv other powej iiid n-.iii.niil lo t-iic 1 1 treasuror u list oi m . ■...'!', 1 ..•-. than that whirl gave authority t tne i .. '.;. old a - 1 !,,,:■,,,. r citizens uf ,-.' r i i iirncl i lut in tho case n iod upon the supremo constitution yet thia act declares thu ,,.;, slate irith ii mnoii.it of ■irt have n - locided that all the fba congress shall not increase the eanital of .,.,,,. 1 1 , i . , nud will ' ru ;> ", this corporation nro compatible existing banks nor create other beaks witn villi ugh thi provision inin iinr*on'.i . 1:11 riih the canati.ul it i true that the capital exoeodingin the whole aix mil i 1 wi.h a ; - un of lho supremo court ' ' iv ■■'■'' ihat the low incorporating lions l dollara the constitution dtf ., it - . _. ,...., 0 r tli "■■■■■it i 1 ci istitulh.nul exerci.so nf claroa that congres sihalx have power t stnl to lux the lionising institutions crcat ■wgi but taking into view exercise oxclu«ive legislation over tnil ; ition under the name nl • inion ol the - ut aud tho district in all eases whatsoever ana branch , lhrougho.it tlm union it •-.,-. ich they have come to that this act declarm thoy shall not whlot donty 11 1 ., ', 1 v i , i !■1 is ii i - .-■" 1 tt 1 lorstnii'd then to haw do , is the biipremeluw ofthe land thi pro ,-.--!• 11 , right to tax that portion ol ! iuiu-iniich a ri bar.k is an np vision ca t 1 ncccesnry or pro tuck which may bc held by their own il 1 in iiatu effect tl.e per or " eonatitutitmal ' unless the ; p ,-,.■,. ;,,,; , .:.;,,,. in ihi light if has s - - ot the ffenerul gov surdity be admitted ihat whenevei it l ihoa 1 !,- losalaw il will bo under the 1 o law incorporating " necessary and proper in the opinion n tooil hy lhe stul , who will prob ' : • - • ■1 t provision of congress i hoy have a right to barter id'to levy a tax entail to that paid up l-earn i.it.on wl.i i djclai-os that con away one portion of lho powers vested ux 1 the sl of bank incorporated l.y c.uoui.l l.uvi p m " lo make all law thom by the constitution aa a mean ol in snmc states tut lax i tion of su • ■■■ary nnd proper for executing the rest 0110 por cent either i ,-., al ,,,-.-. i :• • ' - • into execution on two subject only does the coostiw oiitho hares nnd that may be 11 unlet identified • , that the word lion reeo**mi*m in congress toe power to thu amount which all citizens or resi holder v ■iu the i.ittitution means i arrant exclusive privileges on monopolies ,.: ■■;: ; , would be taxed under r..r tl.o ir '••- " ial conduit ee it declares lhal congreaa shall tune c thi.net as ii 1 onlv ami ibr tho 1 i a bank ii n convouient a power to promote the progreaa ol sci ure w in tho stntos and nol tlnii 1v.11 .... tiul instrument in tho pro 1 and useful arte by securing for liuitetj . ■within tii'in which would i over 1 in mi ' 11 government's fiscal opera times to authors ond invontora the exclu et to taxation and ns tho nnmc-i ol ihis iopol • tli.-y ' iul that t.i use one si vq right to their resjieclive writing ana luruigii otockholdar aro not to be repor lillccn or 1 the discretion of con discoveries out of the express aelege to tbo treasurers of tho states it is bvi poncd l.y the l.at » tho act to incorporete tinn of power have grown our law or pa oiis thai lho stock hold by them will i i-*.ann put for ' unitod slates is a law tents and cony rights as the constilif exempt from this burden their nn octinusurc mice of the constitution tion expros-dy delegate to congress the ial profits will theroforo bo ono 15m , ,.. ■• iy uiey wlmre the law is npl power to grant exclusive privilege w cent more than tho citizen stockhol.l lionu '. ' j and i really emulated to eflect thoso cases as the raoaiis of executing tne era tindasthoo ildivijendsol tho bank ei 1 or ,,-..' ' • object entrusted to tbe govern substantive pnwer to promote the pro may ho safol estimated nt seven por cent j ( canno | !,. . tn.lcrmke lore to inquire into the gross of science-end uaolul arta^it is con the stock will be worth tenor fifteen per lfcel j i ' n tsity would be to pass the swtent with the lur rules t c-cns.ru 1-1 cent more to foreigners than to citizen of should i !. el ci.cii.ii^ribesthojudical depart to conclude that such a power w-a not the unite i states to appreciate ,',-■ef p ms ' and totn ad on legislative ground intended to be granted us a cans , a .- il-cts whicli this state oftliinga will produ . ei nnl principle hero ailinned is that con.nlwhtng any other end jn , everv wo mu,t take a brief review of tho opr-ra become in ! '^' '' f its necessit ,» mvolvyng dtho subject win ■>, comes wi in thfe 1 .-.- r.i ex . i . ",■,,, , ,. . , . i.,n instiluti is a s,-,i ol l nil ri-ssii 1 power tner an lions and present condition of tho fjotilc of trv wh • inns 01 u nanauig nisuiuii isu 1 ,. . , .,',. ,. „„_ . ' !,...',■ion exflu.ivflv for legislat.v c nsid ever living discretion uj tho «»• of pr opef ti,,i „ . 1 . t.it , ,, , n , ', ., uianliis titutional buf it is mean which eannoi bo restricted or by doeuments submitted tn cnnrrre n n m tv ' "•"" iul - "'•' ' v . . , , „ ,, ,,. .„ „,,„,,.-,,,,,. r ,},_ . -. .,.'.- .-, tin r.i ivi.iei oft ' siifun !■« ,!■t,-i ,. nr ' u hnlislied willi lit n aniouuuicni 01 lue tic pto.cn s-ss|.,.i,it appears thnt nn the forci ..... _, ....,., i.ii.ni un , , . .. ,£'., .-., ..-,.,:, ici-lh r t hat narti-uur power m-iv cnnstitution i.vny u,-t ■•! loogreax ist of jan 1832 of the twenty-eight mil ■. ■mini r i ir i-mir u „.,,,„,, ,,,„„,, rt „ i m f ,• ..-..- • nn 1 unit on ,. ' nccc'ssirv and urn 1 therefore wli.eli i.ltcni its l grant 01 ions ok private stock i-i t corporation t in ' ' x - ," ' " > •""' 1 ' r .. 1 ...-...,. 1 , ;... r.v.l.-nis :. ,„, l 1 11 < • ., 1 t , ■,. • ' ■• hi i i'ls.lini t ..< iiiiilio.-'ilics or siilit o fvlt.sim pr.mti gas ss,lli..,.hh ic.-i-c he i in u-rt.oni*r«.i t . •! .■; ' ■.. n.i . . 1 iiislui.rgu n 1 * j.u 1 » lima .... ,. -. • nv '.,-.. 1 1 1 .,,,. ii,-ii,i,-,-nl mai fn.in i ic-n f r a iin.leil tun -, or time with 11 liinin of gr ilr it ut lho amount of stork held in n iioim uoveniuieni hiip irom ine.r • jiorret'im ., 1 ., .. . ... , ,. ,- •," is in . -,..-, 1 to hr rourts tu i'-sti'i'-t ->. i-miii^'ii 11 1 wt u n i'm in the nine western os smith western statnq : • ' ' s " 1 ' '■'- 1p oourus , •_. o i _,_, aeim is 81 40,200 & in tho four southern state ■"" ! ■r he decision oftl.o st u he c 0 f«^°f is 020,1 00 and in the eastern nnd mid .' ■'•" jourt f therefore it is thc exclusive gated pffwors mn dlosin.es about 81 3,02i;,000 the profit l ' ■' 0 '<? ihe cotlgross and the presi amendment to the constitution and pal ol the bank in 1831 as shown in a atnta-navi ,- ■• 1 decide whether tho particular fr bly-iinconrtitutionnl . . . ., ,-- -., . ...... -'•'" miirc ■. •• iru ,■,,,/ i,n >« "-'. aulli'irisrs id fnr.nii.iors ment to congress were about s3 loo.oos i ...... - . .,. aci are necctsanj ana /" •'• 1 • ■..■u>r n p'l.i tha l.ii.i t >,„.-. ' trail cis a its stock to lorotgner mo i (!• 1 thort ... it 1 1.1 tin iiiii wneteni stocr • - in oroer to cnaui in u.uik 10 per ,-..?. ,\ >.,.,,,, „. , ntnntes '..,-.,, ' ■unnfl i pfllim t '.■the nol t-'ranu til 111 nil lt ll mil irolil till states ubout ei 1 010,048 in the fair south pt-licv ' '■' •■cu imj tno puouc e r 1 ..',-..-,,- 1 . 1 ' , i.rn 1 in ii n ,' ,..,, 1 nn ) and national taxation ho lar ii.,ni i mg : nn states about 83o2,50 . un ! i,it , mi i 1 > ; ailt " 1 10 11 as . 1 . . a :• . 1 anu ,.,,.,„ u x ,, . o . ■. • mona < . c-i<i.li»iinl ne iinnrrmctru sa tu re-sun ru ami proper ihat tlir n.uik , 1 and enjtern states about 03,011 v n t.i • ...... •,..,, or unnc txrnry -\ j 1 1 ,,..,,,. , , 1 . • i ■nml ll '' e , nvf ,!>.., ,,,, 1 - i'lllld 1 t this poivcr io i11uki it it s little t-*ck is held in tbo west it is ob conitvis , i.,,i tn it .. 1 , u 111 nsiiiiiti..uai 1 1 - ., . - 1 , , ■11 a*aw and efficient oguntot the uovernmeat , 11 that the debt of the poo.ilo in that sec ivho at lea it • mt rnmuientinu on the general . . , ,-.,.,. h . . , , . , ,-■, , .- . in it lineal operations 11 1 al.-u,i.tc.l 0 ■to t he bank is 11 i.i ....■.:.- to the tnu.icnl - bv tin supreruo ( ni . . .', . .. ,. , 1 c , ■,,..'..,. ,. , ..',•..•.,' o.ivirt ll it.iuk i-t ful bull u mules inlr ■■,!*. i foreign sl - : 1 ,:,; 1 ,-■tunc . i dilln ... , . ..• t , ,!. t ul l this net 111 . . , , , , 1,1 1 1 a foreign l.-ink t.i intpovcii^h ur m-..pte ■1 1 i'0't 1 1 pay upon it is earned into uant is nuinc.-.i i thc rule n legislative .. j ' . . . 1 , 1 1 in tunc t p'-h-.-n li jknuiniitc u lo:,-i!m l in i-it-t in m-.t . nnn 11 ■> l-.iii '.;.-•: 1 1 ", ....-., 1 ■■. .. 1 .,. li , ' .' . . . • 1 , ,, <-., iii-iii.-iiro tiiroiigh oiery section of there ■; ii 1 is a bur upon their inuustrv as recently at inntiv ot . foe towers ana ,, . . j , . ■. , ,. . ' , , • 1 1 . 1 pu ir and 111 war tu endanger our aide ■i a ilt 1111 nl llii'tr currency which no j inuk exclu iu.iy i on it cannot joe sup ... he mi cm li -.'. ltli'.r.l im uiv.'iii •.!••, -, i •-.,■' • ,•!'■i,,irpiiso l'..r which ' ■i occasional dislrcw to meet lhi uitad by tin ■. l a 1 c ,...., ' ."• several c tnt<*s r->so r vn.l the gowcr buideii and enimlizo tho cxeba i milliot ..■',.,. rcessary 0 attain llm attbe formation of the cohstilution npi*j tion of the bank tho nmount'of apeci olm i * uenilv uot iu»ti 8 u ' bte b,,d control titles tnd transfers of ■ftwiif.omthosestato.il rough ita branch it 1 property and most if not 4j1 owietti os within tho last two yflars.ns a rnbvita rtmitiit 11111.1 ', porntion ec have la-aw dm.|naufyiug eliert from ae ollicial rei-orts was about 80,000,000 — hich it mual • ufhor lainkahall quiring or holding lands within their ln>is ■. more than uhulf million of this nmmitit lime ot cm-i . ■...-;. uluro law of hie u but this act in dwegnrd of the im ■'..,'- np in thc eastern sta 1 but pa to , the continuance of doubted nght of the btates vi preacribe ■. 011 tu eurnpmo pav dividend of lh under penal cn-n.ed.fcr syhich s " , ' h d"*quaiil*lcalion given to aliens loreigii stackhumert in the piwiplo of j . . ,,...;„ nod states is hereby fockholder in thta bank an interat nod taxation recognizod by thi act tho a - . . ", c fr . m omv rcniw title as memlwrs of tho oorporel *•• m ■torn state find aio adeipiate , . ■it i...-.i aii i iu th ■•"" i"al l-mpyriy it n,i,y nc.pi.r wi m ■,„ ,„,- •„,'...-..!.; !,„ ! ■■hypn and l.v tl.o duei.i nhia not laeron.itig the 7 « he hta.e of thw 1 union i ins ■n.l ,!,,.,, o lh ,.;,",-". tl su/.n-tnuf , ■■'.'■■■■v also cstuhlish l-nv r...it t a h.-ns s „„. •' rr.v,a branch bank at mobile mado iu.l venr ot aswnt moro prccodcnl 1 a diuigci ur bank in tnid district ;'.'/ «» able the bank to perform us pub ■1140 yet under tho provision oflhi , ofnuthoritv and hould not bo not exeooxling iu the wholo he duliea nor 111 an-y wnso onsr *• ■. , the state of uabama can rai«e no ro l ..... , deciding jpicii moi i ilollars if the shall deem c » u »« •» '« ' v y wbveraive ol tl.e r.gh6 h n-oin ihnse profitablo operations he tional h.wrr .•*.-" i ivhoro the ucqui this provifion i continued ul the htatea i ,, 1 , slinro of tho stock i it id i oco ol the pooplt andthe stale 1 in b in forci the net before inc fifteen years the government ofthe united statek i ,. 1 j p citizen ''■iesippi and mi j ■! ,..! ,,,,.,!!■■ilod 1 in th id of march 1830 havo no institutional power to pnrchafb h uuri are in tho sqmi eondiiion in relation ihi being the co'so on thi subject nn nr f ; ,. ms the power to e land within ti lat s except firt the the branches at natches nnd st i •; guinea ... u,,t ,!,.:'„.,,, . 1 one batik the hod power lo es erection of forte magazine arseiial i i sneh in a greater or leas degree is the ,,.,,„ .,.,..:, .... one cong ri , 1t01 than one if in tlioir opinion dock ynrds and other eedful imil.lings ■. n.iin a nf every western sluta the t-ided in fuvur of 1 a n or more iwiik liad boen " 1101 ary and even for these objects only " by tli ■(.,.!", , of the plan of taxation which thi i againal it ouo co ess i •• facilitate tin ti c tbo powoi consent of the legislature of the stale in h'.ei |..".;'< uialr to place the whole [-■_■■,:,,.' | ,.....,! - !■. ', || h . r | iu-thu constitution if which the aame hall be by making stti.s in lie omerolation to lor ;„ jqio decided in it»ft "■'' ■• i tlie piwor to catabliali a ihemselve stockholders m the bank nid h.'ija , n ,,'. which the western stale ,„ ... ..,,,... . , 15 u power derived from f?ranti*ig to the corporation the power 10 ■.!,,,- i,,i ! ," a-i-iii v.'lu-ii.i.y.i.i , , ,| g druwu from i ..,,.]„■,.,! if iti.no purchase lands for other purposes they qp !,,..,,! ait stnck'holdor the stock of lhi , ,,,••'■.,,..• limn when the inter mmne * p°wer not grajjted in tbo consi.tif ■k i made worth ten or fifteen per c it u riogi»kitivc judicial ..!-.. fthecn dry or tho emergoncies ef lion.and grant to other what they do net more to foreigners than to resideu m i ion agniiibt thi uankhaveb the g over out iiiighl mnke it expedient thernaelve poaeeaa it i nol mn.-muiyu i^hof it will inevitably leave the cuuutry u theeu in its favor as four tun.ie i't.01 adby one congress aawoll a the receiving safe keeping or iran.tnia 1^1 thu will thia provi«ion in ita pracli in preoedent j by all cougresse alike n of the lund of the oovermeiit that ■., jcnrive tl istern aa w.-li a ihe if ita authority were admitted < moi out the con he bank ahwld pessajsa thla power and it and western stain or therm nm weigh infiivorof the act hef mc |( have taken it awa from >« not proper that congress should thtt i » revciuo from the estonsiun of h tho opinian nf tin i ' heir sucje r fir twenty yen and the enlarge the powera delegated to them y i , , . - rea ptofii.of.lii ii ii covered the whole ground ol ihi .. 1 ■' ■nl l pro ea to abolish it the eooat.lulion i it will mako the a ricun peopl ought not to control t <■.... . ... tstft ■moi . ll cannot uo tho old bank of the united ?...*• po 1,1 i-.i ,!,.! n.i hi ii.-k i!i-;i ioiiui thnri t ie of flii govoroment the con tiertaaory ok proper 1 fur congres ■ad a capital of only eleven million ef 1,1 1 , , bank and aond ocn ■■,»•, the executt ■.,, , lo barter away r di live of dollars which was found ifally mitt-cient te frum two to five million of specie 1 ry ch for itself be 1 tiyoflhe power vested in them hy th enable it with despatch nnlsiliy to p*j ■, ,,-. . , |,.,\ ti imnk iliu.l.-n.l ion of the const itutiop ... 1 ' instituiion to be exet ibo pub form all tbe iunetions required of it i i!,i i in anotberof ita liearinga tbb provision cor who take an eeth to aupport the c .. rood i 1 uoi ' necessary to the oovornment thecapital of the !"-'■'*?. i iv 11 i with ilonger ct lie twenty dilution wear timt ha will upporl iti , fbciency of tbe banl ri 1 proper bank i il.iny-tiw roilhom rd dollar at ic'v directurs ofthis bank fivo aro chosen he uajberatsnda it and not n m un-'er lin relation to ibenutel - and tbeic tne least twontv-tour insn tlutn cv|.eii--nc i ii government and twentv hy tl rteod bv other iti a much the du they ma prontrly uae tlio.ha proved to be neoessarg ta •" "•<■■<• _____[■i'lizcn 1 i-l-h-,wi<-rs from all voice in of the ftouae of repreeentativo of tho i discretion veaaed in 1 bu tliej may bonk to perlormiu public function tin the foreign rtockholdoreare benate antl of the president to lecide up not liioil hiu diacrttion of their uccoh public d-l.t which ti-t.-.l duno't tb i xcluded by the eliarter in proportion on the conalitatiortalily of any bill r re fcpr thia restriction on lh ins*-.|vp»,aiid rlw l he old liauk onti.e estawislt h,i ,,',- . . , g 1,0 etock i tramdirod to for aolution which may bo preer-nted to tbeui grmntof a moiii.poli to tu i lliorc ment of uu n.-w a i uijy paid d ii ivijcr -.'- nt vf uttriige in th ' tor pimage or anprovej aeit ir nf ti : jm-j tore uneot-wtitujxual sn-j oat revoojie ir:.1 poon he r*jrvt ; - pr i the preside vt u s jh.fl_.jl ,. ... , :-, !, ■vk bit to till -.'■. a-rr with in - odjei i ,..• •
Object Description
Title | Western Carolinian |
Masthead | Western Carolinian |
Date | 1832-07-30 |
Month | 07 |
Day | 30 |
Year | 1832 |
Volume | 13 |
Issue | 634 |
Technical Metadata | Image was scanned by OCLC at the Preservation Service Center in Bethlehem, PA. Archival image is an 8-bit greyscale tiff that was scanned from microfilm at 400 dpi. The original file size was |
Creator | Burton Craige |
Date Digital | 2009-04-13 |
Publisher | Burton Craige |
Place |
United States North Carolina Rowan County Salisbury |
Type | Text |
Source | Microfilm |
Digital Format | JP2 |
Project Subject | State Archives of North Carolina Historic Newspaper Archive |
Description | The July 30, 1832 issue of the Western Carolinian a newspaper from Salisbury, North Carolina |
Rights | The SA of NC considers this item in the public domain by U.S. law but responsibility for permissions rests with researchers. |
Language | eng |
OCLC number | 601575577 |
Description
Title | Western Carolinian |
Masthead | Western Carolinian |
Date | 1832-07-30 |
Month | 07 |
Day | 30 |
Year | 1832 |
Sequence | 1 |
Page | 1 |
Technical Metadata | Image was scanned by OCLC at the Preservation Service Center in Bethlehem, PA. Archival image is an 8-bit greyscale tiff that was scanned from microfilm at 400 dpi. The original file size was 2258656 Bytes |
FileName | sawc04_18320730-img00001.jp2 |
Date Digital | 4/13/2009 10:36:13 AM |
Publisher | Krider & Bingham |
Place |
United States North Carolina Rowan County Salisbury |
Type | Text |
Source | Microfilm |
Digital Format | JP2 |
Project Subject | State Archives of North Carolina Historic Newspaper Archive |
Description | An archive of The Western Carolinian a historic newspaper from Salisbury, North Carolina |
Rights | The SA of NC considers this item in the public domain by U.S. law but responsibility for permissions rests with researchers. |
Language | eng |
FullText |
e • it is oven wisr to abstain fr->m laws whicli however wise and irooj in the ,- ive have tin ublanceofin - lich find no response in tho heart ol the citizen nd which will bo evaded with little remorao the wisdom of i rislntion is nspcciallj ..... dr t hcinning . bl rto.n qjlaioe salisbury row an county n c monday july nn ibm vol ill . n ( i riri4 ' r [.* j * , | j it is nut i a i v ll ;■;. >:,^^| .. .,.,.,,, in/i rvrtv stockholilera can i'm ;,...•.■!.,,,,, i , t , i 1 "''/', ' nfthe government tl i . ., / ■hue is ■. . ly during 1 10 period stipulated in the . . ■'""' " m . ,, nil , ii we uai.st huio such ;,■■■i ' , , a^*al '■.*■lho pui ■■and pulling the ■un i uii'i.il i ' u i ' r itockholdi . i liat ■al m '«*"" "■.;■'■' '' , " vl...l„*lav„,.l,..,.,,b '„',• ... , moro tli n a fourth pari of tin 1 stock i kirm bo ' , ., . i 1 " by foreigner andthe .-• ■., i ■______—_. id by a few hundrcd-ofour own iti us ■<-• ,'.•"!*- itt i*t*i?ci i i s i ily ol tin richest for re.,h ll i ■' llip-'lill ll ill llll-l h|,,ll ! . ' i i i ■i'll i h ,::,.- ' h ti ■, rs petttio compel i hie bill " to modify nnd cont . i ofibrud to talc i^b | ul.d " an act i charter on terms moro ■lo the bank ul to the govermnont and country hut this proposition although mndo i.v^b ' n ' considered it with ,,,,.,, v .;. aggregate v tnlth i l.--li.-v ■kijetnu regard to tho principles of tho u ,,,. a \ lo „|| ,| ie private stock in tha ih ■■. ition which the dn wns calculated l . . . ., |,.,. ll i;l . ,. ..,, , : ., ns ido unci hi i |. ro and come tu tho conclustui nur cm rutnent is proposed to h bul il ought not to become n law i here ;,...,.;., |„.. : ... v ,| on the few who hnve ■turn it to tho somite in which tl k oon t f r tunato enough to secure tho atock h oi ned with my objection nnd at lhi moment wield tin |, ower i i \ '. ik of the v nited is in many ,, listing institution 1 n:i..i t i is convenient for tho government rc i v0 thn justice nr policy of this course h c i useful to the people riitortairiti t our government must'scll monopolies h !,- pinion and deeply impressed with i t would seem to be its duty to take nolh h t li i'i u boiuo of ihe powers end i||g j egg u n n their full value nnd if grntu h pi iiii ." - .■'*"- "< ; by ii existing bnnk jij mmug * |... ,,, , , , fiftc or iwen i at • i in , ■" i by the ionstitulion buh , v v ,. ilrs \,._ t j on1 „ ,. i |, 0 stowc i n thc i torsive of iho rights ,,!' tho slates and b *„ ijjoeta of a forei n c i n-nincnt hor up i as to the liberties of tho people i oa a designatod or favn i r-laiis and men in h f.l it my tlulv nt an early pcriud ot my , m11 . ,,„.„' coun i n .. it i i j ,. ,,.-,- and 1 mlmitiistration t.i call th attention of g 00l ) p v . l ' s f ttf as tho nature of the h cmgr-is to the prneticnbilitj '•'' '"""''-'• ' ,'.,.,. % n admit lo conliuo nur t ., t , ■ing a instituli ui combiuing till its a ivan mf r , vv t ;.||,, w citizens and let each in i i and obviating these objection ' i turn enjoy an oppurtuoitj ... piurii i i n ly regret that in thu act before me , i|!r •■,,.„„,,." i n a bearings of tho act h i ,-. ,. pircnive n niaol those in idlfications f : .._. „, p ,',,„ :: , loe a points 1 find umnlch of.he bank charier which ; ': ' i 1 '"' 1 '- n ' v - 1 rtl . ,„„ u ;.\ it should not bnconio a law i ,„ ,.... epini ,„, to make it co.n,mtible with , m , .„ u . ■jast.ee with sound policy or with lho v . r ,,,* ,.,.,,,.,,,,.,■.,_, ,,,.. pr ,. , ... ■-..,-„:„■c . million ofour country in its loan will produce great n-l th present corporate irty fenomtn : -• i ;| „ ,,„, ■,.... ,',.. „| ,,,, d.rect us and < o.npanj - , j ■. ; , ban ot the i u.tod slates w.l have , i ir . „ ... ■, .. la ho time thn ... i '» tended to «" j i h ,,;.., cflfcet twenty year ii c.nj.>s .... . ■• „,;„,,,:„.,..„.,,,;■, , ,,. privilege o banking under he . v . , , „ ! j , u . :| ■; . ,. ilt ,„ ihe gencraiam-ernmflil,a p , ing , ■,!,„., .,,_, 0 f favor and aupport and as ( which has br o obvi-l i ,„,:,.. ary couacqi aiee almost a mon .* - r ;„ , ,,,. 1 1 ' 1 ' 1 '' 1 '';^^^ ti i'i wlu-u.l'i m -.,-.. willbolcspn fb powers priyilcgea and lavors bestow .,-„,„.;.„„,-,.,!, ,„ force is to ail , " ' "'" ll j "': , ; l " : ' c 7 1 ''; ''• ,.,,, lhe bank ought to be perpetual nnd greasing ho value of the slock far a » l . .- , , k i-ii'.-l y i-^i.^i-o , irf , „„:.., iw , 10ri ll their righte tut 0.uia tmuiuod to thu stuckuouiei • m . k it . . .- i,.,!i .. nt .: w in r a apolog nay be . nd lor the faduro ; '^ ,, ,., u:,:'!.,i,..il ilr utl,'..e.*n-..l . , 1;ni ,,,.. j bll . ''.'" ! " the e^ect of the original c un their connection with i f non raralion c nl i not bj certnitil "."" - ' , : , ; ,. utthetimoofit a the government aci u-roromepropo.cs another gratuity ... the modilieationa ol lho ex • ng char ;*,. i jcr ofthe -.. ck and in man ter proposed b this ncl are not eunh in iu tho amu men of at least icvoi my view asmnko it coumstont w.tlj he . h re this di lion fiuds no right f the state or lho l.borl i the ■, in nrry uncertain ns to the effocl people hie qualification of the right ol ,, f bl t on 1 i.-i -" -.:-. conceded the bank to hold rea estate the limitation .■'.., its - •" williucr i atli lattwen f ita powor to t labl i bi - id lie ly or thirlv per cent more lhc mnrkcl power rcearved lo congrca to lorbid the ' ; :-. ubjocl t thopayinem circulation ol imali note an i tm tion eiftlic amiuitvorwoo,000 per year eecu-t mpartively of little iportanee red bv the aci ; thus adding in a momonl all lho objectionable pr.n iples of lho ex irtls i . par value it ianol our isting corporation nnd it ■ofil odiour ,,..... .,„.!'. wh loroceivothe feature aro rola 1 wit.iniit alleviation i efour gi-vernment uore than the lourth section provides hat th c i mill f the ..'!. eflhi bank tc er bill of.he aid enrp - i.t al a •'■!,:!! l.s i 1 ,-- „ ". i thiaacl th - «"» "' : ,' ' "" ' " ; ' at rir-an republic proposes virtuallj to r ipoelive lv n "■it one place , ■,„,-,, ',:■-,,,.- million 1 only hali itcwrthelos be received bj . ... l*ur those gratuitio to foreign ,,:,",,...,,:,,,> ol ... own opulent cili of tl ' ; ! - - " ;" ' ■ore uival nl whal thereof if ten.icrod in hnu pay : , gainsof.he menl of any balance o balauee duo to ," „., . pa , under the op ration id corporation or to wch offi fdi . • altar ii tall ell """ and dop ? te from any olher incor t ■, ,„„,-!:,'!,',„„.. poratod bank ii ,, i,„,ii„,k.lv,n id nil oxclu*ive priv thi provision wcuroa to ' w btate in ■•,... .!.'■.! .. i tbo expon i'th lainka n lo'ziil pnvih.gc in the biuik or the i lio-rsl'lto receive n fair co,uiva united state winch .* withheld from nji ! tho many million which thia acl private citizen if a stato bank in phil loboatott ihe rtockbolder of ,,:,'„.. owo tne bank ol lho united i k must co.he rfirectlj ... slate nnd have note issued by tlie st , u | .:', ," . : s„i'ii..'a .• louis braucb.il ra pay tho icanp '■ii i i lu thora,then t i l 1 if a m rchant.m cho if.lii'ir i i.-r ml oil ; ter private citizen bo in like ciiiri . jvil «, lhal t . ' incc ho ennn-.t bylaw pay hi t ..,'. ii ■■-.. lh ihow note but it ell tin at a an ■.,„,,,!.-!. the raluooftlii unt or aend them to st l.hii lobe , ihi cum may hi ecll ,,-:,- i hii bopn cot tdod to ik .,,..,. i tlie twenty eight btato banka though uoi unjust to tl k would probabh be at an advance m o.t orliou ; because il doe not n*«a orintv ,,, rent ai.d < i il in market outemial juatico to tho hi hand the low atk-aa i t.v mini n i "'■the rich md tlie poor ro the exit i ijecttn the payment of tho present bonua ,.. practical eflbct it ia a bond of unioa iv ii yaluo of the monr.p-.ly there among the banking mtoblialunent ■< in i venteen millioo of dollars und iwtirmiotrecling thorn into an taterest a«p i lb the act prop ii for three mil aratn from ihnt ofihe p.»oplo : an.l it ao . • . ,- t u ■the i ih i t . l ' .' ' *'-' " "• tu,a "■"■sli ' t '' l '* l " kj ' '"' ire which may l*o thought con clioit fdirontorsi etirtailetl .'. reme judges wliftvit may be brought in another point of view tins urovi lo thair common interest inl ird of t p stock in tin i'oro i for juincinl decision fhe sion w a palpablo attempt lo araenrrthi tho niii.li s-'rii.-n of i'm net roco not ited in i ■■■■• ,-. — opinion nfthe judge hus no more euthnri constitution by un jet of legi i tin ., ..,.'. .,.,'-. ... than tin i iti it ly p. |