The Massachusetts spy. [volume] (Worcester [Mass.]) 1831-1858, 1832-10-24

cOunenanced
may fix his rate any where from five twelve percent
per On the other hand if the introduction oil foreign
capital he counlenanced and encouraged its effect is keep
down the rate of interest," and 10 bring the value OF money In
the United States much the ioits value IN older and
richer countries Every dollar brought from abroad and put
into the of active capital at home by much diminish
the rate OF Interests and by MUCH therefore, benefits all
the active and trading classes OF society at the expense OF
the American capitalist Yet the Presidents invention for
such deserves 10 be caedtha which 10 secure Us
gansl the possibility OF beng oppressed by moed aris-
tocracy 10 shut the door and bar safely against all intro
duclion of foreign capital!
Mr. President,-NVhat is it, tina, has made England
general banker for The civilized world Why IS II, that
capital from all quarters of the globe accumulaes al the
of her empire and thence again distributed? Doubt
less is because she Invites it, and socts IT, She
the advantage of this. She maness weak or pretended
jealousy of foreign influence by of the reest inter-
with the commercial world and British minister
ever yet did thing SO rash so nconsiderate SO starving
exhibit goundless feeling of dissatisfaction al the
duction employment OF foreign capital.
Sir Of all the classes of society," the larger stockholders Of
the Bank are among those least likely to Suffer from its dis
continuance. There arc indeed the list of stockholders
many charitable institutions, many widows and orphans
holding small amounts. 70 these and other proprieto of
like character the breaking Of the Bank WILL doubt be
seriously ncony cnent But the capitalist he who has
ed money in the Bank merely fo the sake Of the security
and the interest, has nothing fear The refusal renew
the charter will It's rue diminish the value OF The stock but
them the refusal will create scarcity for money; and
this in time, will reduce the price of all other stocks that
the stockholders in the Bank, receiving dissolution he
portion respectively of its capital will have opportunities
new and cheap investment.
ING rum Is, SIT, e great loss me sore emDSrrassmen' he
c and especially the active and industrious portion
ofthe public twill inevitably scarcity for money
~ 'T os'eI SAWS I'll; VIII ms. ,atclidy uePreSS ie va
price of domestic exchanges ii threatens every where, uc-
@ M e VI @ nv " ~ ~ Sc,se on ou
a e oiefd.0i VI G H. u out oI 'nelr agets
constitutional scruple which respect for the opinion oo1-
~ no 10 no ue'eh esdIG
All n,a;J G f lp nos h ] t
;i ,'i i % M ] b al
Of at bf cnni Iose and a; tb I
al i CO.,, ~ g1I ,; aJ "r1 "sc ~
d a,,. ;, w. ,L t urI 81 1 co. =,
-. Fl -, - H. = I'l-asail a., IL &c - -
", Ia 81 "a ~ " ms VI e ir
,,;a.s,. r ~; 80, ~. - ~ H., -, L II. =,
o,,d32I ;,; III ~ -; 80 f - :; L,;'d g, a,
III IN - y:t' II -: -, = ~ -
IL i '' mi = :. n - ~ vi - 20 - I:
, %t H ts n,%y F;j very US
H. pos; Vi 'e na a 81 100 ,b
oaIlad ~ ,,r' r. $3.50 -, a. ,,';at ~ ~, ID :;
H., 100, W. VI ooi 20 ~ ", ~; sI M' -
H., Az, vs. Ves' mi eI a., 10 ~ ' r, , IL VI
,s W Wt iu t' ne s;m ie ny az
NO, ~, H. l 800 VI I' H., " W L. 80, ~ y,
% " uea9 9ohu 'ha. ioineni is useh III i'"'Un %
same ionic aoan in ali his subsequent annual MESSAGES
vet when COMPRESS did ACT upon IT, and on the fourth
univ rIcHTr9N uUynRrn sXn THIRTv-Tyyo did conc
him Hill he returned Il with his obec,ions and amonc
these obiecons he rot onlv conained Thai The Frety
lras not Consulted on the prn, 6f ,rqse1t action bn affirm
ed also in so many words tof present action ros deemed
premature bytle Erccaire Dcnorfaeat
ct me ask Mr. President i il he nossble that the sam,
President the same Chief Magistrate the same mind coue
have comnosed these two Mcsaoes9 Certainly ,hev ncl
more resemble the noducou of ro minds holdno ON thi
poin precisely onposte opinions The MESSAGE of Decem
Der 1890 asserts ba The fine had then come for CONGRESS-
consider the Bank subject the Message of 1882 declares
that eyen then o Lion Of CONGRESS on the same snhiec
,ss eat ,,' , and both ,Is Ws@es vere sni to 2on
orcsS bv The President Of The United States Sir leav
these two Mcssao o he con,narcd and considered bv ,h
peonlc of the limited states
Mr. Prasdani II viii ber, tako notice Of but one otbe
succession of the President relative TO the time and name
d.
Of HE contr, has hitherto becn observed bv all who have
had occasion hold oc;al intercourse with il and espccal
N h, al othor hr,n,os Of tt- Covarnnent The n,,rv n
the motives in regard to any measure has neve
bren assaiIad from any res5sc,aIc Gnarer I'm, in fin
Veto Message there is one EXPRESSION which as seems
me no American can road without some feeling There
an exnresson evidently NOT casual or accidental hui insert
ed with design and connosed with care which does carry
direct impuation of the nossbiv of the effect of @ in
teresf and n,roe 1G9ce on tho deliberations Of The ty
Houses of Congress- onoe The MASSAGE and shall leay
it without snge remark Whatever interest or influence
whether public or private has pven birth 10 this act can
not be found either in The wishes or necessities of the Fxe
cuye Department by which present action is deemed pe
mature y
Arono tho 900, ;,o, H. ,v... Ar, DID.
tbara =; a. 10 nv ~. -. VI III, ~ h9' .',I t a
Inc ooo,Ia 81 ,h 80 r, liz NV - ',,;; L.
oa,bor ri ,a -, ;,iiS ' 49, " w
80 80 ~ ~ I' P in'N' r. 49,.
Of ,b C, 'O'o % :, W. r o' " 81 .n1 i''i
,I' an" We" se Iesa?'' utmost ooToies
active nonnIai;o i; ranid ean ,eiT If aWd WE I
IT, a. Plon 10 idPI19 epiedunss iei' "iiu ii"c iee'i
J iI ci "i" u9iteo liol 'hS sop &c
nai ;,, lou ~ ~ va. lev l vi Ia
81 lace ~ L. -, h ,, i i'S'' In
ofna,i ] ~ ~ l1 oi,as sJpjee
ponnIar %oyeromnr" W. k"a in t%e of bn
ropnir & S & Niom ~ a ae b o. G'ne
,,hi; WIN "'' Wow" "'s''o '"e nave si""'u DN
p' Pbn ,a''uS M c,n, ,, l..,..o, %
d,;on ~ o 'oi VI ss ane Ia, esSG, Or ~ 'ae o. &c
-; VI lt'i " N i"e0y "ot"'0'; oi aS colt0H
Other Countries and other ,;ms has nt dnl he %
G a.; M ana onel .ies, hds Io' 1Iy oeeh diverted
l Of %sG S b & Uu d ,S oein .le
els M iI m my bo6 6 81 , su i'o 'ie puumc col
Is lH S' portion, po' Oh distraction ana corruPuon-
& ou own y s'c, oi Iel's'ens hiS great meres
, goe 1'n I E ao 81; No,ls uotI ne
81 ,i't 10 20 49, , " ai oui 'd,u y s'eii
% o'is 'iu "r, nolg nenehcaily conducted. b9' he
;, ~ 'G m III 'e Plosless vi our grown dlu
@ @ ~ IL, ~ I'M neo Essay ~ !enect, Io on
y new ioue o. sag, oi ndt can haraiy De improved ou
c"n ~ s o "r a Suen as sna De au