Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-01-21
THE BANK.


Besides tho great interests at stake in his appro
wing or vetoing the bill extending the charter of
the Bank of the U. S!ates-for it is not matter
ofdoubt that such bill will be presented to him
the line of conduct which the President NAV pur
sue, has become problem not less curious than
important Hisp artizan prints arc divided among
themselves, one division Qhe Courier and Enqui-
rer OF New York and the Inquirer of Philadel
phia) urging tho necessity of re-charternq,
another (as the Enquirer of this city and the
Albany Argus) protesting against it, These
prints speculate upon the Presidents decision
according to their wishes, and their belief of the
good or evil that may result to the Jackson cause
from the rejection or approval Of the bill. Our
Enquirer for example, has deeply pledged itself,
that the President will peto; for after his two mes
sages successfully declaring the Bank unconsitu-
tioiiui' it knows that for the President to sign it.
would prove an extremely critical step in Virginia
The Pennsylvania Inquirer the other hand
not less Democratic Van Buren, Jackson than Its
Virginia namesake, but located where hostility to
the Bank would prove fatal to its interests contem-
plates the decision of the President through the
medium of its hopes, and arrives at the consolatory
conclusion that he will certainly sign it! Observe
tho following letter in its last No.
Extract to the Editor dated
WASHINGTON, Jan. 10Th, 1892
We shall have warm work in a few DAYS Mr.
Clay's resolution in the Senate, and the renewal
OF the Charter of the Bank of the United States
are fertile topics, and involve important interests
The Chief subject of conversation among the mem.
bers, is the Bank-the Bank! The observations
oil Mr. Coulter of your State, touching this insti-
tuition, are every way crditable to that gentleman
from all can learn upon the subject, the Penn
syVanla delegation will go in solid phuanx for
renewal of the Charter Several of the dele
gates, you Will perceive, voted against the refer
ence proposed by Mr.. Nc Duffic. They did SO mere
~ Tor the purpose of showing their confidence in
the institution, willing that its transactions should
DC tested In any manner by any committee.
When the question comes up-sha the Charter
pe rehewed!-they will vote unhesitatingly in the
aihrnatIve. 1t appears to be the general impress
sion here, that the directors have acted wisely and
well IN submitting this question to Congress Mt
once Now is unqucstionably the proper time for
discussion and action. The matter has been held
IN suspense ST Efficiently long, and the people the
friends OF the bank and it's opponents the friends
OF General Jackson and those adverse to his re-
election, ask for decision If the bank is pros
trated, the country will reel and totter under tbc
SHOCK, business flag travellers despond and the
currency degenerate-Ifit is re-estubshed new
impulse VIII be given to business, the confidence
OF The community will be restored under its issues
INC great nope OF the opposition DESTROYED, and
the President reelected by tremendous minority
The friends of the Bank in this quarter appear 10
entertain fears for its ga fcy indeed it strikes c
very forclby that the most ardent advocates of This
institution, may be found among the friends Of
PRESIDENT Jackson Place no reliance i'm the minors
OF an intention on the part of the Chief Magistrate
to veto the BILL should it receive tho sanction NJ
congress- lilo will unqucstionably confirm its
charter should majority the representatives, so
will it. 70 ''
We have then the authority OF this paper. known
TO be deep in tho confidence of Mi. Lewis, very
important member oftho Presidents political fami.
1--WE have the authority Of this Inquirer, not
less Jackson Van Baron than its coadutor of tho
same name in this city-for saying that the Prcsi.
dent ,cW sign tho Bill-will ''unqueslionably con-
firm its charter" Nay here is claim set I'D IN
advance, for now honors to the Hero in considcra-
ton OF his patriotism in approving necessary
measure.
Winch of the "organs" is entitled to the higher
credt, time will decide. On one thing, we con.
graduate the admirers Of "frankness" and rlain
ocailng, namely, that the President will have TO do
one thing or the other; sign the bill or refuse 10
sign it that he cannot as in a former instance bv
Ca6aIistic term, speculate with equal success.
upon the opposite feelings Of Pennsvlvania and
virginia; that he will be brought 10 n dscision
winch VIII expose to the people of one or both
'""so otates' the holIowness and treacherv of his
professions; for while he has humored the cons,;.
'uuonal scruPles Of Virginia by declaring tho Bank
unconstitutional, he has fed Pennsylvania with the
expectations avowcd in tho letter which VIC have
".o.eJ.