The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-06-21

/ s.
ny different parts of the constitution. Now,
Mr.. President. have never before under.
stood that capacity to derive title from
| several different sources gives you less title
| than II derived from one source alone 7
derive the power from the whole c,ntexr
or the constitution. although gentlemen seem
! TO think that the title is invalid ated in pro-.
portion to the number of sections in the
constitution from whence we derive it, In
order to avoid confusion of argument in
examining this question, will derive It
from only one source at present, though I
believe others equally give it by necessa-
ry construction. At the time the constitu-
ton came into existence. believe there were
put three banks in the II. S-none south Of
Philadelphia and all of very limited capi-
tai. Ihe constitution OF the u. S. gives
the power to; levy and collect taxes. Is ir
possible to imagine any sys EN- so convent
eht Tor the collection of this revenue and
sehuing II TO the seat of government as that
of the agency OF banks / am not enoui.
ring whether the state banks can doit; but
say that the trainers of he, constitution
must nave had under consideration the
state OF things at the time when thu COM.
stllution came into existence. AT that time
there was not one bank south of Philadel-.
Phia' and the banks which existed were
very limited in their capital and their pa
per OF limited circulation. Congress in such
state OF things, then, has the power Of
ieVying and collecting taxes conferred on
IT, ana yet Congress has not the power to
create banks To aid in the collection of its
taxes, Notwithstanding a clause to make all
laws necessary and, proper for that pur.
pose is contained in the constitution. No
gentleman will say that the agency of banks
is NOT necessary in some way ur other in
correcting the revenue. i admit withoue
them you could have carried on our fiscal
arrange ments in an awkward and cumbrous
iorm' out was that the intention of the con.
sti'utioh When the power to collect tax
es was gwen It was intended to give all the
means necessary to carry This power into
execution 1t was not toexeCute this bows
eP IN cumbrouS form, but with The great.
estl acl'ity with which the power is ssscrp.
tiole OF being welded.
NOW is II possible that the constitution
contemplated that the revenue should be
Collected and transmitted here subJect ID
all the risks and accidents and ibconvenj.
ences that attend the transporta lion of spe.
c'es It's impossible. Bat all this doubt
mas arisen from its being a separate and in
dependent power, although il Is no more of
that Character than any other law passed
10 execute the enumerated powers of Com
gress.
In a word, MIR President. it is admitted
oy all who have spoken on this questions.
ct ration. hat the agency of a bank or or
BANKS affords the greatest facility and St Gu
r''Y OF an plan that can be devised for tie
correction OF a revenue, and for its transmits.
sion to your treasury.
IL is admitted that no bank or banks of a
caPitai or OF sufficient circulating papef
throughout the u ). adequate to this OBJ
Iecl' ulo exist when the constitutions waa
hrst formed, promulgated or adopted II i.
Tn pd
one OF the enumerated powers OF Con-
gress' 1t is admitted that Congress hay
all power necessary and convenient To
carry It's enumerated powers into execu-
lion
It's admitted there is no express clause in
the constitution prohibiting the establish:,,
bent OF a national bank.
ii these principles and facts are admit
tea, does IL not demonstrate, beyond tirs
possibility OF douot, this unquestionable re.
suit, TO Wit; that as Congress is to lew
ana collect revenue that as the apency
OF banks afk rds the most Ger ain, speedy
ana. convenient means by which a revenue
Can be collected tina, as neither, at the
PERIOD when the constitution was made.
promulgated or adopted, banks of sufficient
capital, or with paper OF sufficient c,rcuIa
ton existed tor the collection of the reve
nue., and its Transmission To your treasurv-
tnat as there was 10 positive claus prohi
biting national bank in the constitution
that as congress was to- have all power me-
cessary to carry its enumerated powers in-
20 execution that as the convention who
framed and the people who adopted the
constitution, must have had in view onr
then existing institutions, and the then 0e.
neral state OF society, it was the intention
OF the convention who formed the sons;i,u.
ton and The people who adopted it, to give
90 congress the power of establishing ma.
tIonal bank. II at the time OF ADOPTING th..
Constitution, 1t was necessary and proner
that Congress should possess it. for the ex..
ercisc of any OF ITS enumerated bowers ;e
the foregoing result IS unbeatable, and tb,nk
IT is. would nterrogate, ii Congress ar,
the adoption OF the constitution Dc ssessed a
power to establish national bank wbatbas
since deprived that body OF the power =
Mr.. President, can discover nothing wbich
has. Que argument, much confided IN h,
gentlemen who have opposed the present
bill, is, not that banks are not nere.s,,,.
to the collection oil The revenue, bui tn,
state banks will answer. In rttur,. I,ns'ss
that no state banks Gid exist when the 80
stitution was first formed; therefore, ,hy,
power to create national bank il oece.ss.
rily given in the power to levy and collie.
taxes. 10 this IL is replied, that TO cteate
nat. onal bank is to legIslate by imnl;ca,;