Thirty Years' View (Vol. 2 of 2): or, A History of the Working of the American Government for Thirty Years, from 1820 to 1850Benton, Thomas Hart
History
Thirty Years' View (Vol. 2 of 2): or, A History of the Working of the American Government for Thirty Years, from 1820 to 1850
Benton, Thomas Hart
United States -- Politics and government -- 1815-1861
"There are three questions, as is agreed by all, involved in the
present issue: Shall we separate the government from the banks, or
shall we revive the league of State banks, or create a national
bank? My opinion and course in reference to each are well known.
I prefer the separation to either of the others; and, as between
the other two, I regard a national bank as a more efficient, and
a less corrupting fiscal agent than a league of State banks. It
is also well known that I have expressed myself on the present
occasion hostile to the banking system, as it exists; and against
the constitutional power of making a bank, unless on the assumption
that we have the right to receive and treat bank-notes as cash in
our fiscal operations, which I, for the first time, have denied on
the present occasion. Now, I entertained and expressed all these
opinions, on a different occasion, four years ago, except the right
of receiving bank-notes, in regard to which I then reserved my
opinion; and if all this should be fully and clearly established
by the record, from speeches delivered and published at the time,
the charge of the senator must, in the opinion of all, however
prejudiced, sink to the ground. I am now prepared to introduce, and
have the record read. I delivered two speeches in the session of
1833-'34, one on the removal of the deposits, and the other on the
question of the renewal of the charter of the late bank. I ask the
secretary to turn to the volume lying before him, and read the three
paragraphs marked in my speech on the deposits. I will thank him
to raise his voice, and read slowly, so that he may be distinctly
heard; and I must ask you, senators, to give your attentive hearing;
for on the coincidence between my opinions then and my course now,
my vindication against this unprovoked and groundless charge rests.
"[The secretary of the Senate read as requested.]
Public-domain text, read in full here on John Shaqi.
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