The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-09-13
From the Prouidence Herald.

| We lay this document before our readers
to-day, with feelings of pride and gratifi-
cation which we have not words to express
We have carefully persued il, as we hope
every other American citizen will do. and
consider it, in our humble estimation to be
all that could be wished. No public docu.
ment could have been penned in better
spirit, nor yet could language be more ex-
plicit, or more decisve.-The positions
taken in it are purely democratic, and the
arguments advanced to establish them,
sound and unanswerabc
The President has fully met the most SAN
guine expectations Of those who elevated
him to office-he has fully sustained his
profession ct democracy, aud exhibited a
manly frmness under the most exciting
circumstances, and perfect consistency
with his former course, which are desery-
ing of all praise.
No document has ever issued from the
Presidential chair, of a more purely nation
al character. 1t is confined entirely to
questions of national policy, while it leaves
all other matters ana things entirely with
the states and individuals, under the Fed
eral and State constitutions. 1t aims no
blow at the state banking institutions, on.y
as far as the violation of their obligations
to the public, and particularly to the Gov
ernmeni, has laid them open to reproach
lie plainly shows that government cannot,
and ought not if i, couLI
create a National Bank-that such institu-
tons have proved themselves altogether in
adequate to the purposes for which they
have been created, and, iu the very nature
of things, ever must do so; that his former
opinion on this subject has been strength
ened, and that he shall redeem hls former
pledge, and have no hand in creating one.
In short, the opinion explicitly stated in this
Message, is, that the Government ought
not to be made in the least degree depend
ent on bank, and that no bank, oug ght 10
have any dependence on, or connexon with
the government. lie points out no special
mode for the regulation of the public funds
but leaves that with Congress, referring
them to plan to be submitted by the Sec
retary Of the Treasury,
The President considers Congress under
no obligation to regulate exchanges in mer-
camille affairs, any more than to transport
He says they must be left
to be regulated by the laws of trade. We
are also gratltied TO see, that he recommends
farther indulgence to merchants, indebted
to the Government.
Let no one fail TO puruss this docume mt.
IL Is ose highly honorable to its author, and
the doctrines of which will be condemned
by none but the most decided monopoly
nristocrats.-Tbeir condemnation ought TO
satisfy all others Of Its correctness.
With the following remarks of the wash
ngton Globe we fully coincide:
This important documen, is the bold
est aud highest stand ever taken by Chief
Magistrate in defence Of the rights of the
,eople. We consider it second declara-
ion of independence. If maintained by
he people, it will deliver them from the
paramount moueyed power Of Great Brit
an. IL its principles are surrendered, our
'olitical institutions must sooner or latter
ink under the sordid influence which alone
las conquered, in smother hemisphere, the
rec spirit Of the Anglo-Saxou race from
which We sprung. Whatever may be the