against the Bankers by an action, still he has such
confidence in their integrity and honor that he is willing to incur any
risk, and take their paper freely, and without fear.
"His confidence does not weaken my argument, the
validity of Bank notes must not depend on such a frail foundation. I want
not the honor of any man, or any body of men pledged to me for such
purposes. I will trust to the honor of no one, for it is not right that I
should be referred to this, where I can better support my claims on legal
rights, and legal abilities.
"Of the individuals who compose the Company I may
probably be willing to speak in as high terms as that Honorable gentleman.
With all of them I am sufficiently acquainted— at least to know the high
character they possess—I shall certainly say nothing of any one which it
would be unfit that he should hear. I would speak but of their conduct as
bankers, and of the character of their paper and proceedings which are now
subjects in which the public is concerned. I shall speak my sentiments
with the boldness, and freedom which becomes a Member of this House, nor
think an apology necessary. I am aware of their power, and influence,
though I may not know the whole extent of them, and it is this very
circumstance that makes it more necessary that this house should guard
against their abuse. To leave with them the uncontrolled power of issuing
such paper I consider to be highly dangerous. They may be above all
suspicion, and be numbered among the honorable of the land, but cases may
arise with respect to their notes in which even they may avail themselves
of their exemption from a legal liability to pay them in any manner
whatever."
He concludes—"In this as in other matters we may
all lie under the influence of immediate interest, or personal
friendships, or be swayed by some other indirect, and perhaps unknown
views. I may be equally liable to this suspicion, but in a measure in
which the public interests are concerned, I think we should all form an
opinion without regard to private considerations and with a desire to
promote the public good."