Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-09-07
fss~ ns B.iiims,s CArsnisl..

instiSstioa OF Mr.. Bell, that he wa. ia favor of
Nsno"si Bank. u the following statement:
regret to hear that Mr.. Campbell
mas charged me with being favorable 10
United States Bank, aud that | have
advocated tbs constitutionality Of such
an institution. have always been
opposed TO the United States Bank on
constitutional grounds. There is no
sueh grant OF power 10 Congress, IN the
CooItitution-and before Congress can
eoastisu'lonally exercise such power.
'ne people must make the grant
Acknowledgment can, as it did before
tne formation Of the Constitution, pro-
VIDE by law that the revenue shall be
deposited with the Collector, or any
other agent it may choose to appoint,
LOT US sale keeping, and application to
tne use for which the revenue was
raised-but has no power to establish
or incorporate bank Of issues or stock
holders"
II write in much pain, and rcgre,
'hn young Mr.. Campbell has done me
90 much injustice as to ascribe 10 me
such principles. and he can produce NV
plan OF bank. # ever made one 10
Congress--it must have been accompa.
MED by my message TO that body-but
expect he has never seen sucb-be
takes the ipse dixit Of Mr.. Bell for the
iaet-l suppose--call for the inforrna.
ton OF my plan"
ine innrmiiy OF memory. rs Judge White
hints, with which the Old Hero is afflicted ha,
Se Tear, destroyed his sense entirely. for The
papers IN different parts Of the country have
undsrtaken TO coutToyert the truth Of hi. Jeni.
A. ana have produced The subIsiued extract.
from ma Message to Congress, ;" which look
sooaedui!y like Bank Of the United State,
osing constitutional.
10 D." met message. ls29, he ssy,:
10 the spirit Of improvement and
compromise which distinguishes our
country and its institutions, il become,
US 70 inquire whether it be not possible
to'eeure the advantages afforded by the
present bank through the agency Of the
Bank OF the United States so MopryIrn
an Its principles and structure a. To oh.
tons"
1T Is thought practicable, :" he con.
unues' Ito organise such a bank" and
ne goes ON TO show how it may done.
adding that 1.-The States would he
strengthened by having in their hands
the means Of furnishing the local pa.
fEh CURRENCY through their own
banks. while THE BANK OF THE
UNITED STATES, though issuing no
paper. would check the issues of the
state banks" SC.
10 me opening Of the veto message, Ia. idea
suggested in the preceding quotation wa, car.
ried oat 10 the following terms:
"A Bank Of tie United States" saws
me- Us " many respects Convenient for
Ms gortrnment. and Usttulto Tie peopLe.
Entertaining this opinion. and aeepIv
Impressed with the belief that some Of
the powers and privileges possessed by
existing banks are unauthorized by the
constitution, sgbversive OF the rights of
the States, and dangerous TO the liber.
ues OF the people. ] felt it my duty. at
sn early period OF my administration.
70 eall the attention Of Congress 10 the
Pracheabllity Of organizing an ins,i,u.
non combining all its advantage. and
oovlstlng these objections. / SIN.
CERELY REGRET that, in the ac,
before me, | cannot perceive any of
those notifications Of THE Bank char.
ter which are necessary, in nv opinion
70 make It compatible with justice. with
SOUND policy. or With the con.titut,on
Of our county"
nh oeaiAI OF being 30 favor Ola Z. 6. Rank
AAvios been thus rebut,ed, We quote from IN.
Vs eve Message the following distinct admi,,ion
81 lie eonstitulioBality:-
a Bank is Constitutional, but il !,
tue province Of the Legislature to de. |
'sfnins whether this or that particular
power, privilege or exemption, is,ne. |
esssary and proper TO en- able the Bank |
70 discharge its duties 10 the Govern.
meat, and from their decision there i,
no appeal"
10 addition 70 this conclusive evidence Of
hn sers Gen. Jaekson's opinions " hist he /
rs Fressdsni, the editor of the New York /
ComtsefeiAl Advertiser says that he hs, .ean
aSd red letter ia General jackson, o,-o
bend writing. addressed " a.. Pr.s,Jsnt az
ne BANK % The United States, a.kinR that IN.
Pensacola ~
y sanoo, BE- gratifying 70 any one 10 30 thu.
ofSsd 70 Lay before the public the certain
,vioeoees 81 the fetal lOss - his mind bv =
eaa vho has filled The high oGics Of Pre.,dsn,
. zoe UHitsd States, OF, what u much NOR. AZ
= regretted, bis total abandonment Of truth
hs ssa p % on the head Of those who hays
isssged lhn old mas before the public IN his
-" character u letter writer.
mO
NNraamr~sn n T..