The Arkansas advocate., 1832-09-19

Eborhood, and in return bring them in a 1good price in cash. We have no doubt the variation iii the advertisement viii be highly acceptable to many of our entcr- prlsing farmers, as the field Of speculation Is enlarged before them.
 In letter received by the last mail. we are requested by friend warmly en. gagged in the cause of Henry Clay, to state distinctly, if it is our intention to be un- derstood as having declared onr hostility 10 the present administration in general, or as having only expressed our disappro- bation of the veto to tic Bank bill. In reply, we say explicitly, that we have done neither. Never las an express sion escaped us, that could lead 10 an in ference of hostility towards the present administration. 0nthe contrary, we have ever approved its general course: we still do so, and intend to give it our feeble sup port, so far as we possess the ability. We further deny, that we have in any manner expressed our disapnrobaton of the veto to the Bank bill. Ne have called it a high-handed measure, and have justified ourselves in so pronouncing upon it; but we have net expressed our opinion as to the measure itself We will how state our'views Of the veto as a measure of na. tional policy.
 To the general system of banking, we have ever been opposed. Still we admit, that as great commercial nation, the fa- eilities of commerce require that such in- stitutions should exist, and the existence ofa national bank affords greater facilities to the commercial community than could be derived from the multitndes of state banks. It is therefore necessary, in our view, that such an institution should exist to an extent equivalent to the emergency for which it's existence is required. The query is, how extensive capital will be sufficient to answer the desired object that can be ascertained, it should be the utimatum of capital that ought to be granted.
 Money is power; and in Republics, too much power ought not to be trusted in the hands of few indiyiduals tbere is dan ger in 1t. In a country so extensively commercial as onrs, mammoth banking institution, with an unnecessarily large capital, gives to the managers of the in- stituion an unboHnded sway over the great mass of those who have partaken of its accommodations, making them little i less than machines in the hands of the mo- neyed aristocrscy, to be wielded at their pleasure, and compelled to pursue whatey- CT course may be dictated to them.
 Such being the degree of power posses sed by all overgrown monied institutions, II IS the duty ofthose having controlling l power, to exercise that power whenever Tn their optnion tho exigencies of the case i require 1t should be used
 The President has made use of that con- trolling power at time when he deemed il to be loudly called for, and he did rirl,t to act c2nseientionsis iii that particular case and particular occasion.
 It was not the veto as an act to which we objected; it was 10 certain doctrines embraced in the message which excited our aninladyersons as being anti-repnbli. can aud of dangerous tendency. We arc not yet so far sunk in vassalage as not te see that the present Chief Magistrate ma, let fall sentiment which, if fully acted out, might have tendency far different from any in contemplation al the time the sentiment was uttered. Our support of his administration does not obige us to sup pose him to be so perfect, that all he says is free from imperfection that would he