Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1836-06-17

But The period for re chsrlerlnS the
old institution has passed, as PennsyI.
vanis has wisely taken care TO sppro-
pirate 10 herself The benefits Of its
large capital.
The question, then, for me 10 an
ewer, is, whether, under the circum
stances you state, if elected to The of
fee Of President, would sign an act
10 charter another bank. ! answer, ]
would, if il were clearly aS"ertained
that the public interest 10 relation 10
the collection and disbursement Of the
revenue would materially suffer with.
out one, and there were unequivocal
manifestation of public opinion in its
favor. uhink, however, the expert.
menl should be fairly tried, TO ascer
tain whether the financial operations
of the Government cannot be as well!
carried on without the aid Of a nation
al bank. Ifit is not necessary for that
purpose, it does tot appear TO me that
one can be consilutionally chartered.
There is no construction which | can
give the Constitution which would
authorize il, on The ground Ofsfording
facilities 10 commerce. The measure.
If fadopled, mus have for its object the
carrying into effect facilitating al
least the exercise of some one of The
powers positively granted 10 the Gen
pral Government. II othsr. how
from it, producing tq1al or greater
sdVsnrag. 10 the nation, so much the
b',ttr; hut these cannot be made The
ground f r justiiog recourse 10 it.
The excitement which has ben pro
duced by The Back question, The nun
ber and re. e.pec'abllny OF those who de
ny the right 10 Congress 10 charter
one, strongly recommend the course
above sUgg esled,
5h distinctly ahs~er 10 this
question, thai, in my opinion, nei'h-
er House of Congress can constitu
lionaIIy expunge the Record Of the
proceedings oilheir predecessors. The
power 10 rescnd certainly belongs TO
them, and is, Tor every public legill.
mate purpose, all That is necessary
The attempt 10 expuuge part oflheir
Journal, now making in the Senate of
the United States, | am SATISFIED couii
never have been made but in period
of the highest party excitement, when
he voice Of reason and generous feel.
ing is slified by loGg protracted and
bitter controversy.
In relation 10 the exercise Ct the
veto power by the President, there IS.
think, an important difference in
opinion between the present Chief
Msgis rare and myself. express
this opinion with less dlffidence, be
cause | believe mine is in strict accor
dance with those Of all the previous
Presidents 10 Gen. Jackson.
The veto power, or the control OF
the Executive over the enactment of
laws by the legislative body, was not
unknown in the United States previ
ousIy TO The formation ofthe present
Federal ConstItu ion. 1t does not sp
pear, however 10 have been in much
favor. The principle was 10 be found
in but three of The State Constitutions;
and in but one Of them Massac chuseIts)
was the Executive power lodged in
The hands OF a single Chief Magistrate.
One other Slate (Soulh Carolina had,
indeed, not only adopted This priDci,
pie, bul had given its single Execu
tive Magistrate an absolute negative
upon the acts of The Legislature
In all other instances it has been a
qualified negative, like that ofthe Uni
led States. The People of south Car
olina seem, however, not 10 have been
long pleased with this investment ut
power in their Governor, as il lasted
but Two years; having beeu adopted in
l776, and repealed IN IT'S, from
winch time The acts Of The Legisla,
lure of thsI Slate have been entirely
freed from Execullye control. Since
the adoption of The ( OnsIl'ulion of the
Unltd SAFE, The veto principle has
be n adopted by several other States,
and, until very lately, II seemed TO be
rapidly growing in'O iavor
Before we can form u correct opin'
ion uf The manner IN when this pow
er should be exercised, II Is proper IL
understand Ihe reasoOs which have in
duced It's adoption. lu It's theory. II
is nianllesIIy an innovation upOn The
first principle Of itepubIcan Govern
menl--lhsl The majority should rule.
Why shouIC single individual con
troll the will Of that majorltys ltwllI
moi be said that there Is more proba'