Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1836-06-28

NJ N - T. R ~.

conduct predicate "a opposition to the chartsrsng
Of another.
! shall not, however. take the cousss % Opposite
TO that which hope have followed through he.
but all give you my sentiments clessly and fsily.
not oaly IN regard to the future conduct Of the
Government, tho subject Of national baah. but
IN relation to the operations Of that which 10 now
deiunct.
Twas not in Congress when tho late bank was
but was member Of the 18th Congress.
ahsr the IRE, session. when the conduct ofihs Bank
In its incipieo, mossorss.was examined into and
believing from the result Of tho investigation that
tho charter had been violated, voted for the jodi-
c,al invest CATION with Wow Of snnullng tie char.
ter. The resolution for that purpose. however,
failed: and shortly sner, the Management OF i.s
s6aifs was committed to the talents and Integrity
Of Mr. Cheves. From that period to lie snsl disso-
LUTON, (slthough must eonfsss am not . vs,y
competent judge Of eueh unstiers.) ! have no idss
that On institution could have been conducted with
more ability, integrity and Public advantage. than
il he's been.
Under these impressions. agree With General
Jackson IN the opinion expressed In Of his tnss.
sagcs to Congress from which make the follow
ing extracts: THAT Bank Of The y. s., CON-
petent 10 aH the dutie, ehoa may be required BY he
Government nigh, be so organized as NOT to irti"gt
on our delegated porers. or the reresed righs efAs
States, do not entertain donbt."' Bot tho peri
cd for recbartering the old institutions has passed
Pennsylvania has wisely taken care TO sppropri.
ate to herself the benefits Of its large capitol.
The question then, for me 10 ans .er, 10 whe,h.
er under the circumstances you state, If elected TO
the office of President. would sgn an act to char.
ter another bank. ] answer, I would If IL was
clearly osotainrd that the pablo interest IN rela
ton to the collection and disbursement Of tho TO-
venue would materially suffer without ono, and
there were unequivocsl manifestations Of public
opinion in its favor. ! think, however, the sxpsr-
linen, should be fsiry tried. to ascertain whether
the fnauciul operations Of the Government cannot
be as wei! carried on without the aid Of q nationai
bank. II it is not necessary for that purpose, II
does not appear to me that cen cons,itutionslly
be chartered. There is no construction which l
give the Constitution which would authorise II
on the ground Of afor6ng facilities TO commerce.
The measure, If adopted, must have for its object
the carrying into effect facilitating Al least the ex-
ercise off, some one ofthe powers positively grant.
ed to the General Government. If others flow
from it. producing equsl or greater advantages to
the nation, much the better; but these cannot
be made the ground Of justifying a recourse to IL.
The excitement which has been produced By
the Bank question, the number and respectab,iity
of those who deny the right to Congress to Char.
suggested.
9th. distinctly apswsr to this question, tia,
in my opnion, neither Houses Of Congress can cou.
additionally expunge the Record of their proceed.
Ings. Tho power to rescind certainly belongs to
Them; and is, for every public legitimate purpose
all that is necessary. The attempt to expunRe q
part Of their Journal, now making in the Senate Of
the u. s.. en- satisfied could never have been
madebut in period Of the highest party excite
meni. when the voice Of reason and generous feel
log is sfed by long pro,ractcd and bitter contro.
versy.
In relation TO the exercises Of the veto power by
the President there is think an important d fer
ence 10 opinion between the present chief magis-
trate and myself express this opinion with less
diiidence, because believe mine is in strict accord.
ance with those of al the prsgOps Presidents to
Gen. Jackson.
The veto power, or the control Of the Execu-
tive the enactment Of laws by the legislative
body, was not unknown in the United States pre-
yiously to the formation Of the present Federal
Constitution. 1t does not appear however, to have
been 10 much favor The principle to be found
in but three Of the State Constitutions and 10 but
one Of them (Massacbusttts.) was the Executive
power lodged in the hands offs single Chief Msgis-
trste. One other State (Souh Cardinal had, in.
deed not only adopted this principle, bot had given
i,s single Executive Magistrate an absolute mega
tive upon the acts Of the Legislature. In oil other
instances i has been qualified negative, like that
Of the United States. The people Of South Caro-
lima seem, however not to have been long pleased
with this investment Of power in their Governor,
and II lasted bot Two years; having been adopted
10 1916 aud repealed 10 l77S; from which time tho
acts Of the Legislature Of that State have been en-
lireIy freed from Exeeutige coG:rol Since the -
doplion Of the Constitution ofthe United States the
veto principle has been adopted by several other
States and umil very lately. /, seemed to be rapid
ly growing into ipvor.
Before We can form correct opinion Of the man.
ner IN wbch this power should be exercised. It is
proper to understand the ressons which have iDdu-
ceJ lis adoption. 10 ts theory II Is msniiestly an
innovation upon the first principles Of Republican
Goyernmenl--,bat the majority should rule. Why
should single Individual control the xl Of that
msjouty !, will not be said that there is more
probability OF hndug greater wisdom in the Exeeu-
tive chair than the bslls Of The Legislature. Nor
can It possibly be supposed that individual real
ding in The centre ~ on extensive country can be