The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-11-17

Steoiis " pr0siuing national medium OF
circulation, and Of aiding the treasury by
iaeIllIsllng The indispensable snllcipaIions
oi revenue. and by aiTarding 10 The public
more durable loans" &c.,
To al lhe considerations upon which
he then relied, in treating il a. q settled
question. are now 20 be added two dis
i.aci and distant subsequent expressions
al The deliberate opinion Of Republican
Congress. Two solemn decisions Of the
Supreme Coan OF tie United States,
twenty years Of successful experience.
and disastrous consequence quickly fol-
lowing the diseOnlnusnee Of the bank.
have been present, a. . member Of
Congress. on the occasion Of The ieTmina-
ton OF the charters Of both the Banks OF
the United States; loek part in the dis
cussIon 10 which they gave rise. and had
an opportunity Of extensively knowing
the opinions Of members: and I declare
my deliberate cOnEiclion thai, upon uei-
lher was there one third Of the members
IN either House who entertained the OPT
mon thai Congress did mol possess The
constitutional power to charter bsnk.
but 1t u eonlended that. however in
/ dispensable Bsnkiof the United States
may he 10 the restarsrion OF the prospe-
nIy OI the Country, the Presidents OPT
3 nInn against u opposes an Insupersble OBJ
sIacle 10 The establishment ol such an in
stliuIinn. IL will indeed be unfortunate
II the only measure which can bring re-
lief 10 The people should be prevented by
{ the Magistrate, whose elevated station
should render him the most anxious man
in the nation 10 redress existing griesan-
ces.
, The opinion Of the President which 10
relied upon u that contained IN his eele-
! hrsled lelIeE 10 the Hon. =. Williams, and
that winch ~ expressed in the Message
before "a. must say, with all proper
Difference. that no man, prior 10 or alter
his election TO the Chief Magislrscy, has
right tn say, IN advance. that he would
moi approve 0f particular bull, if u we're
passed by Congress. An annunciauon
Of such q purpose IL premature. aud con-
rary 10 the spirit, # not the express pro-
vision Of the constitution. According 10
tina, instrument, the participation Of the
President in the Legislative power--hls
right To pass upon bills subsequent,
aud not previous IN the deliberations Of
Congress. The constitutional provision
is that. when bill shall have passed both
Houses, IL shall be presented To the Pre-
sldent for his approval or rejection. His
right Ia pass upon II results from The pre-
seniation OF the bill, and is not acquired
until il is presented What would be
thought of the Judge who. before rause
- brought before the court. should ait
nounce his intention In decide in favor vi
a named party! Or Of the Senate, which
shares the appointing power. II u should,
before a nomination Of a particular lndI.
vidual is made inr an office, pass a reso-
uuon that II would not approve the no.
mlnall0n oil that individual!
| II is clear tha, the President places his
repugnance to Bank Of the United
States mainly upon the ground that the
popular will has been twice - soleinnly
and unequlvocally expressed" against il.
In this | think the President is mistaken.
The two occasions To which he is under
stood to refer. are the election of General
Andrew Jackson in 1882, and 20 his own
election in 1895. Now, as TO the first,
there was not, before il took place, any
unequivocal expression ofthe opinion Of
the late President againt National Bank.
There was, ~ fact. contrary expression.
In the veto message, Presiden, Jackson
admitted the public convenience Of bank,
stated that he did not ind in the renew
| ed charter such notifications as could
secure his appreciation, aud added that,
il he had been applied to, he could have
! furnished the model Of bank that would
answer the purposes Of such an instItu-
ton. In supporting his reelection. there.
fnre. the people did not intend. by the
exercise Of their suffrage, to deprive them
selves Of National Bank. On the con-
,rary, il is within my own knowledge,
that many voted for him who believed in
the necessity Of bank quite as much as
| do. Aud | am perfectly persuaded that
thousands and tens of thousands sustain
ed his reelection under the full expecta-
lion that National Bank would be esta-
bIished during his second term.
Nor. sir. can | think tina. the election
of the present Chief Magistrate ough. to
be taken as evidence that The People are
against bank. The mos. that fairly can
be asserted is, that he was elected, the
expression Of his opinion in the letter
10 Mr.. Williams notwithstanding. The
question Of the election Of Chief Magis-
,rale is complex question, and one Of CON-
pensstions and comparison. All his OPT
Mons. all his qualifications are taken into
consideration, and compared with those
| of his councillors, And nothing more