Speech of the Hon. Henry Clay, On the Subject of the Removal of the Deposites, Delivered in the Senate of the United States, December 26, 30, 1833

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Now^ we all j know that a large and highly respectable I number of the people of the United States j have always entertained an opinion adverse to the bank on b;>(h grounds. ^ The Presi- dent continues: "^ such an institution is deejned essential to the fiscal operations of the Government, I submit to the wisdom of the Legislature whether a national one^ I founded upon the credit of the Government and its resources, might not be devised.'' : Here again the President, so far from ex- ' pressing ...an explicit opinion against all na- ' tionai banks, makes a hypothetical admis- sion of the utility of a bank, and distinctly . intimates the.practicability of devising (me on the basis of the credit and resources of I the Government.
! In his message of 1830, speaking of the [ bank, the President says: " Nothing has ss MR. CLAY'S SPEECH ON occurred to lessen, in any degiee, the dangers which many of our ciliiizens ap- preliend from that institution, as at pre- sent organized. In the spirit of iniprove- ment and compromise which distinguishes our country and its institutions, it becomes us to inquire wlieiher it be not possible to secure the advantages aftbrded by the pre- sent bank through the agency of a Bank of the United States, so modified in its princi- ples and structure as to obviate constitu- tional and other objections." Here, again, the President recites the apprehensions of '' many of our citizens," ratherlhan avows his opinion.


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