The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1833-10-02

icy shall as far as possible be entirely
separated from the political power of
the country, as well as wrested from
an institution which has already at
tempted to subject the Government to
ITS VIII. In his opinion the notion OF the
General Government on this subject,
ought not to extend beyond the grant
OF the Constitution, which only author
lzes Congress "to coin money and regu-
late the value thereof - all else belonys
TO the States and the people, and must
he regulated by public opinion and the
interests of trade.
In conclusion, the President must be
permitted to remark that he looks upon
the pending question as ofhigher consid-
GRAFTON than the mere transfer of money
from one Bank to an other. Its decision
may affect the character Of our Govern
ment for ages to come. Should the
Bank be suffered longer to use the public
moneys, in the accomplishment Of IFS
purposes, with the proofs Of its faithless-
ness and corruption before our eyes, the
patriotic among our citizens will despair
Of success in struggling against its
power and we shall be responsible for
entailing it upon our. country forever.
VIewing>it it as n question of transc cendent
Importance, both in the principles and
consequences it involves, the President
could not, in justice to the responsibility
which he owes to the country, refrain
fss2a pressing upon the Secretary of the
Treasury his view Of the considerations
which impel to immediate action. Up
on him has been devolved by the Con-
stitution and the suffrages Of the Ameri-
can people, the duty of experimenting
the operation Of the Executive Depart
ments of the Government, and seeing
that the laws are faithfully executed. In
the performance of this high trust it is
his undoubtted right to express 20 those
whom the laws and his own choice have
made his associates in the administration
of the Government his opinion of their
dities under circumstances as they arise.
1t is this right which he now exercises.
Far be il from him TO expect or require
that any member Of the Cabinet should,
at his request, order or dictati0n, do any
act which he believes unlawful, or in his
from his fellow citizens in general, he
desires only TINT aid and support which
their reason approves and their reason
approves and :heir conscience sanction.
In the remarks he ha, made OIL this impor-
tant question, he trusts the Secretary of the
Treasury will see only the frank and respect
ful declaration OF the opinions which the
President has formed on measure ofgreat
national interest, deeply affecting the char
acter and usefulness Of his administration
and not spirit Of dictation, which the Pres
ident would be rs careful to avoid, as ready.
Happy will he be, ifthe facts now disclosed
produce uniformity of opinion and unity Of
action among the members Of the admins
tration.
The President ngsin repeats that lac
begs his Cabinet 10 consider the proposed
measure as bis own in the support of which
he shall require no one to make a sacrifice
Of opinion or principle. Its responsibility
has been assumed, after the most mature
deliberation and reflection, as necessary 10
preserve the morals of the people, the free
dom of the press, and the ptfity of the
elective franchise, without ell will unite
in saying that thel blood and treasure ex-
pended by our forefathers in the establish
ment of our happy system of Government
will have been vain and iuitless. Under
these convictions, he feels that a measure 90
important to the American people cannot
be comm encod too soon and he therefore
names the first day of October next as a
period proper for the change of the depostes,
or sooner, provided the necessary arrange
ments with the State Banks can be made.
ANDREW JACKSON.