FOR THE NORTH CAROLINA STANDARD.
MR.. HAYWOOD,S CIRCULAR.
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FOR THE NORTH CAROLINA STANDARD.
MR.. HAYWOOD'S CIRCULAR.
In the outset Mr.. HAYWOOD declares that ever
since he was able to form an opinion ON political
he has adhered to the principles of the Re-
publican party, as laid down in the Virginia and
Kentucky resolutions of 179S-'99. Every reading
man knows that those resolutions were called forth
by the many infractions of the Constitution, and
are unwarranted assumptions of power, by the fed
eral party, which was then in power, having JOHN
ADAMS, the President, at their head. These reso-
lutions not only condemned the expediency, but
denied the constitutionaty of Alien and Sedition
laws, which united in the President the offices of
Judge, Jury, and Executoner; and, in the language
of Mr.. HAYWOOD, they supported a strict construc-
ton of the Constitution and condemned the gene
raj a1elfare doctrine. Thus, taking these resolu-
tions as correct rules by which to interpret the
Constitution, it is obvious that power is vested
in the General Government, either to engage in
internal improvement, to impose high tariffs for the
avowed purpose of fostering manufactures, nor the
least shadow of authority to establish National
Bank for the purpose of regulating the currency
for the power to do all this be derived only by
implication and latitudinous construction OF the
Constitution. Mr.. HAYwooD's avowal, then, does
so far undoubtedly entitle him to the name of Re-
publican. But has he done any thing since the
publication Of his circular letter to induce to be-
lieve that he has forfeited that good name. In
that letter he stands non-committed in his choice
for the Presidency, but in a late number of the
sHilIsborough Recorder" it is announced, that Mr..
HAYWOOD has declared himself for HENRY CLAY,
who has been of the great leaders of the Fede-
raj party ever since the great bargain was made
between himself and JOHN @. ADAMS. Mr.. CLAY's
principles and rules for interpreting the Consttu-
ton are the very antipodes of those embodied In
the Virginia and Kentucky resolutions of 1798-99.
Mr.. CLAY has been the avowed champion OF the
internal improvement system by the National Go
vernment-he it that labored and toiled TO
keep up high tariffs, the direct tendency OF which
was to enrich the North, that band of Aboltioniss,
with the hard earnings Of the South, and now he
is the father of the Fifty Million Bank which is yet
in embryo. Can Mr.. HAYWOOD support Mr.. CLAY
without supporting his measures also? Common
sense answers No. What then has induced Mr..
HAYWOOD to forsake suddenly the principles
which he so early imbibed, and to which he has so
long adhered? Have any changes in the prosper
itY Of the country taken place. is there any sign
porteudng sinful things, that were not before the
writing of his circular? No, the very same state
of affairs exist now as did then. Mr.. HAYWOOD
was brought out by particular party, whose doc
trnes he obliged to espouse, in order to obtain
their votes. This is the only reason which made
him declare his preference for CLAY.


"Governed by these principles" (the resolutions
of 1799-'99,) says Mr. HAYWOOD, ~ am unable tc
discover any clause in the Constitution for the a.
doption of such plan" Submitting ourselves te
the guidance of these resolutions, we can lind nc
authority in the Constitution for the establishment
of Banks, much less for placing the public monte:
in them for safe keeping; for these resolutions blnc
rs to a strict construction OF that instrument
What then shall we do with the public money e
Let the Constitution answer the question. we
find in the 9th article of the 9th section, "That nc
money shall be drawn from the TREASURY" &C.
No mention is made Of Banks to aid IN collecting
the revenue or disbursing it and no man OF com
mon sense can ever be thumped into the belief tina
this clause has the least tendency to warrant Con
gress in placing the public money in the Banks
A Treasury then is the proper place for the safe
| keeping of the public money. What is a Treasury
It is place where public money is deposited AM
kent by the authority Of the Constitution or law
And what is a Sub Treasury 1t nothing NOR
nor less than Treasury; the proposition y"
was prefixed by the Bank WhigS, who. aware O
the influence of bad names, made this odlous add
ton in order TO degrade the only constitutional mod
of keeping the public money. The assertion, there
fore, of Mr. HAYWOOD "that there is strong deslr
on the face of the Constitution guard against tn
tendency of the Sub Treasury" shows that ne
either ignorant of the Constitution OF that he be
lieving in the popular Whig doctrine, that the pee
ple are dim-sighted and grossly ignorant, has thu
attempted to dupe the people into the belief that tn


Constitutional Treasury, or Ito call it Oy its WIN
name) the Sub Treasury, is unconstitutional.


AVOTER.
THE FEDERALIsTs AND BANK WHIG