Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-03-17

country and Congress conscious Of the value OF .
safe and sound uniform currency, conscious that
such currency had been eminen,ly supplied ~
the Bank OF tho United States, and unmoved BY
all the cutlery raised against that admirable in
sti usion, the re-chartes commauded large 0aiori-
tics in both Houses II Congress Fatally Or The
interest of this country, the stern sclfwill Of
General jackson prempiea him to fisk eveey thiag
upon its overthrow.
On tho 10Th OF July, 1852, the bin vas rssusn.
ed with his veto; from which the following extract
is submitted 10 the attentive consideratiGo a Ne
Senate: "A Bank Of the United States 10, u M
ny respects, convenient for tho Government and
useful to the people. Entertaining this opiaioa,
and deeply Impressed with the belief that some Of
the powers and i,ilcges possessed by The exist
ing bank are authorized by the constitution, sub
versive Of the rights Of the States. and DANCE
rous to the liberties OF the people, fell it my siu-
~, at on carly period Of nv administration, ITO
call the attention Of Congress the practicabity
of organizing an institution, combining all IT. adj
vantages, and obviating all these objections. !
sincerely regrc, that, In the act before me, l can
perceive none of these notifications Of the hank
charter which necessary, in my opinion, TO
make it compatible with justice, with sound pols-
cy, or with the constitute n ot our country"
"That hank Of the United States, competent
u do all the duties which may be required ny
Government, might be so organized as not to m
fringe upon our own delegated powers, or to the
reserved rights of the States, | do not entertain
a doubt. Had the executive been called upon 70
furnish the project Of such institution, the duty
would have been chccrfu!ly performed. In tho
absence of such a CALL it is obviously proper that
he should contine himself to pointing out those
features in the act presented, which,
in his opinion, make il Incompatible with the CO"
stitu;on and sound policy"
President jackson admits, in the citation which
has Just been made, that n Bank Of the L. States
is, III many respects, conv cnient for the Govern
mcn.; and reminds Congress that he had, At IN
early period of his administration, called ats at
tcniion to the practicabiity of so organizing such
nm institution rs to secure all us ~edvshtsge:'
" i,hout the defects of the existing bank. Il -
perfectly mantcs, tina, he alludes TO his previous
tions of Governments Treasury
bank. In the same message he tells Congress,
hat if he had been called upon TO fsrnish ehe pro-
ect of such an institution, tho duty would have
been cheerfully performed. Thus it appears that
he had not only settled in his nNnd tho general
principle, buthad adjusted the details OF 10
;crnmcnt bank, to be subjected 10 executive con-
roi; and Congress- is even c!,idcd for not calling
,pon him to present them. Tho bill now under
consideration, beyond all controversy, is tho very
,roicc; which he had in view, and is to consun-
nate the work which he began. l think, Mr.
President, that Won must now concur with me IN
considering the first proposition rs fully ma'ntoi-
l
account Of their intimate connexion, will con.i-
Ter together.
2 That, with tho view of establishing n Govern
ncnt bank, it was the settled aim and intention
{ tho late administration to overthrOw the whole
auking system Of the United States, existing
n the United States when that administration
anne into power. beg inning with the Bank OF the
nitcd States and ending with the State Banks.
). That the attack was first confined, from con-
- = Al 81
;atcs; but that, after its overthrow was accom-
shed, i, was then directed, and has since been
ontinued against the State Banks.
We are not bound to inquire into tho motives
President Jackson for desiring 10 subyert tho
established monetary and financial system wbich
found in operation, and yet some examination
to those which probably influenced his mind, 10
II without utility. These are to be found 10 his
ocular constitution and character His cgotism
I'd vanity prompted him to subject every thing to
$ will to change, TO remould, and retouch every
ing. Hence the prescription which characts-
zed his administration, the universal expulsion
,,n office. AT home and abroad, of all who
Il devoted TO him,and the attempt TO render the
Iecuiiye department Of Government, 10 use
vorite oppression Of his own, complete "unit."
ence his seizure Of the public deposites in the
INK Of the United States, and his desire 20 unite
e purse with the sword. Hence his attack upon
the systems Of policy which he found in prac-
al operation: on that Of internal improvements,
d on that Of the protection Of national industry.
was animated by the same sort Of ambition
,ich induced the master-mind Of the age, Ma
loon Bonapare, TO impress his name On every
ng in Franco When | was in Paris, tho sculp-
s were busv engaged chse'ling out the "a
,us ", 50 odious TO the Bourbon line, which had
en- conspicuously carved on the palace Of the
lileries, and other public edifices and monu-
'nis in the proud capitol Of France. When, Mr..
esiden;, shall we see effaced all traces Of the
;ages committed by the administrative Of Al
wv jackson? Society has been uprooted, virtue
nished. vice rewarded, and talents and intel
,ual endowments despised; brutality, vulga-
m, and Iocofocoism upheld. cherished, and conn
.ancod Ages will rol! around before the moral
1 political ravages which have been commit
will. fear, cease 70 be discernable. General
-kson's ambition was 10 make his administra-
a an era in the history Of the Americas Govern
mt, AMI rs has accomplished that object Of his
b!ton but trust that it will be an era 70 b
:nned as sad and lamentable, and not followed
initiated as supplying sound maxims and Pfin-
.e. Of admins; ration.
have heard hostility 20 banks ascsibed TO
no collision which no had with Que Of them,
ring the late war, At the city Of New Orleans,
1 i. j. possible that NAV have had some inf1u-
co upon his mind. Tho immediate cause
ire probably, was tho refusal Of that prevssss
! unaccornodatinQ genfleman, Mex b.ddle, 10
turn on; of tho Office Of Prsesdens o. the New