Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1831-12-26

iuportout question, connected with the ccononnra
policy OF the country, is that OF tho BANK. lhis
great and beneficial Institution, ny iaoiu,a'"E
exchanges between different parts oil inc Cn,oa,
and maintaining sound ample, and heaithy s'"'o
of tho CURRENCY may be said To supply tho oouy |
polite economically viewed, with con'i"ua.
stream of life. blood, without which 1t must now
| tahly anguish, and sink into oSht"s''u"" ~ va"
first conceived and organized by the poWStii Hht"N
| of Hamilton. After having been temporarily sha-
ken by the honest though groundicSs scruPieS Oh
other statesmen it has boon recalled TO oNlslohco
by the general consent of all parties, ana with the
universal approbation of the people Oader tho
ablcxt and most faithful management IL mas Oeoh
for many years past pursuing course OF stcauy
and constantly increasing influence Such Is inc
institution which tho President has gone out oil ms
way in several successive messages, without pre-
tence of nccessity plausible motive, III the hrst
instance six years before his suggestion could with
any propricty be acted upon, to dcnounee to Con-
gross 4 sort OF nuisance, and eonsgn, as las AZ
his influence extends, to immediate destruction.
For this donunciaton pretext OF any adequate
motive is assigned. At time when the institution
is known to all to DO in tho most efficient and
prosperous state-to DO doing all that any Bank
ever did or can do, briefly told in ten words,
that it has not effected tho objects for which 1T was
| instituted, and must DO abolished. Another insti
tuition is recommended a substitute, which, so
far the description given of il can be understood,
would be no better that machine in the hands of
! the Government for fabrcating and issuing paper
money without cheek responsibility. In his
recent message to Congrcs, the President declares,
for the third time, his opinion these subjects IN
the concise ind authoritative style before,
and intimstes that no shall consider his election
as an expression of the opinion OF tho people that
they ought 10 be acted on. III, therefore, the Pre-
| sidsnt be reelected, it may be considered
certain that tho Bank will be abolished, and the
| institution which he has recommended, or rome
| thing like it. substituted in its Pioce.
| Are the People of the Uaitcd States prepared
for ths7 Arc thoy ready 10 destroy ono of their
uDno ahl to
of Chief Magistrate, who reasons and advises
npon subject, with tho details ct which he is evil
IDENTIFY unacquainted, in direct contradiction to the
opinion OF his own cfhcis counsellorsl Are the
enterprising liberal, hgh-mindod, and intelligent
MERCHANTS OF tho Union willing to countenance
such mea,urcl Are the cultivators of the West,
who find in the Bank of the United States never
failing of that CAPITAL which is essential
to thoir prosperity, and which they get no
whcro else, prepared TO lend their aid i'll drying up
the fountain of their own prosperity? Is there any
class of the People section of the Union so lost
to every sentiment of common prudence, regard,
less ofall the principles of republican government
as to place in the hands of the Executive Depart
ment tho means of all irresponsible and unlimited
isSue of paper money-in other words, the means
of corruption without check or bounds? If such
be, in fact the wishes of the People, they will act
with consistency and propriety in voting for Gen.
Jackson, President of tho United States; for, by
his reelection all these disastrous effects will
tainly be prodIccd. He is fully and three times
over pledged to the People to negative any bill that
: may be passed for re-chartering the Bank, and
there is little doubt that tho additional influence
which he would acquire by a reelection, would be
employed TO carry through Congress the oxtraordi-
nary substitute which he has repeatedly proposed
1t may be said, indeed, that the Presidents coun-
oillors do not agree with him on this subject, and
may perhaps oYer-rule his opinion before the time
OF action shall arrive. In his recent to Con
gross, the Secretary of the Treasury has. in fact
undertaken apology for the Bank, which, com
ing from him, can be viewed in no other light than
as formal defence of that institution against the
attack made upon 1T by the President, although he
concludes with the intGnaton, that his views NAV be
modified IN compliance with those of the Ezecu-
two; as if no not himself the head of the
| financial branch of that Department. 1t is one of
the slngu!srltios of present political situation
that while are told on tho one hand, by tho Pre-
sidontS Parti5ans, that his acknowledged incapa.
city may and will be remoded, by tho eynpio yment
of an able Cabinet, now told on the other
hand, by this 'ab!o Cabinet, that they cannot con-
troll the Presidents conduct and that their sounder
notions must be modified to meet the views
! Of the Executive. In what we arc apt enough to
consider as the corrupt and scrvilo Courts of Ed
| rope, Cabinet Minister " no cannot prevail upon
the Executive" frora WHORE no holds his comma
SION to adopt his views, resigns his commission
lie deems it improper to modify his opinions in or
der to suit them TO the views Of tho Executive
| IN olhor words, to make himself responsible for
scheme of policy which lie does not approve But
supPosing that tho present Secretary of tho Troa-
sury, Ii continued in place, would DO able
when the time OF action should arrive, to ovcrruc
| the Presidents opinion, substitute his own views
Tor those of the executive and stay this great mis-
chiet-what security the country feel that he
will be continued? Who can assure us that
some explosion resulting from causes too frivolous
| TO be evon made, with Propriety, tho subject Of
distinct allusion in serious political document
will not scatter the present Cabinet like the last
| TO the four winds of Heavon, and Introduce into
the councils of the nation of advisers still
moro ready than those who now occupy that place
to accommodate their opinions to the Vows Of the
EAooutive1 The only security which the country
Gun have for the proper discharge of the duties Of
the Executive, as of every other branch of tho Go
vcrnmont, is the capacity, fidelity, and industry Of
the individual who 10 by law responsible for that
Separtment-that is, the President; and experience
has amply shown, that individual who in unfit
for tho Office himself is equally unfit TO select those
who are to assume his responsibility and be virtu
ally Presidents under him.
The judiciary Department, IA institution still
more important than any can be that merely
affects tho economical interests of the Union
scomS so to DO seriously threatened by tho per
worse policy OF tho present Administrations The
great improvement made by the adoption of the
present constitution in the political system of tho
oid Confederation, was the extension of the pow
or OF the Union over the persons Of the individual
citizens, through the action of tho Federal Courls
including, as necessary Ingredient a right of an
peal to these Courts from the decisions Of tho.o
tho States The adoption Of this einglo salutarv
provision raised us from the situation of cluster of
poor, imbecile, and, for all substantial purposes
mutually dependent States, oppressed with debts
disturbed by Instructions and the verge of alb !
soluis anarchy, into our subsequent condition oil
one great, powerful, prosperous, glorious free |
and independent Federal Republic. The rejection !
OF TINS wholesome principle would bring N back |