Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-10-20


/ OIL tire Executive branch uf this arw Government.
at Oaec SLEEVES tel upon HIM, Wbu lsd IN var, snd
presided over the drbCTa ious oi that nss uby that
had ioimcd Tie Constitution, GeaCrsl Washington
was called Ia tie helm; AMI s. Il an C!ot Ntie
! m1da m bHy the hstchet rsiScd IN the Convention,
thc W0u9rch.St Ill Jahu Adams WsS made Wee
Prcsirst al. accomplished without uppt5 tam. TIE
Ptv>alcnt IA tormlng hIs cabinet we m'lsenc,d 10y
those worthy. patriotic, aud compromising, feelings
wbch mcr,cj Q lar he,irr cumTsu,s tuu, than they
realized; hc conferred ohce ak, ou sH Psrtes, tie
/ better 10 ensure u sl amer TIMES, raiy OF al,
aroand the tree oi Liberty and tlesF ccaaify cause,
as much aS 10 SAY thus GuveTumcat, s tie Govern
| meGt ol hc whole Nedpr, apJ not The GovernRvni
/ ~ Triumphant party. Hamilton vas called "a the
! Treasury Department. Jefferson in 1871 vas APP
pointed creiary OF State aud Randolph, Attorney
General The two last named ndivduss being Of
| the Republican party. whilst the aImcf was u the
| Federal stamp, and their Acknowledged olampon.
| Nav, then, III $50 lhis Treasury scheme you
nov hear called SUI Treasury, Nus IN substance
established and approved by tfns'ai Washing.
ton, though YOU uoN call Tan ,kpcnn,eu,. Thus
law existed, though construed away BY liamiltuH
until the year 1916 Il wss' however IA 1874
! that the Secretary Of The Treasury, MI Hamilton
! first commenced his work Of Construeuun, upon
! the constitution of has country lhIs Adams and
/
confines Of our simple republican form Of Gov
eminent; they thought they saw plan by which
| they could ubta u that which had been denied
| them IN the late Convention. Mr. Hamilton be-
| ing as before stated At the head Of thu Treasury
! Department appeaiS with a plan md rrcom
mcndllion OF United States Bank, making
ja.t rs clssrly constitutional from an othSr clause
va The Constitution, us dues the ge tIemun on my
| left, from the commercial clause. for he too, was
a man Of a mos, prolific imagination, aud as To-
! ltS utility, Why, he was u simpetun whn could hot
or would not see II; so PLAIN II VAS. HIS new ~.
suiuilon WAS 10 have nominal capital oil ten
millions, but ~ fact 10 have but two md II haIl
millions Of capital npar nom Gn,enmcut credit.
and It was Ia be able ia krcp N circulation 2,
| or 81 millions OF lnuro aud Il was N effect 30
| relieve the Government Of seven and hal mill
| IONS OF is debts, thai amount the ua ded debt
being metamuIphosed INTO bank capital IA the
! place Of specie, aud thus the debt Of Govern.
men was transformed into available funds.
| That II was useful thus ur, and in Other res.
| pecls too cannot now be denied but all his
did not make IT Constitutional. Congress how
ever, passed his bank bill, bul not Without spu
| cG opposition, The republicans were not Nii
asleep, # some were; II pissed however by
maouty 0l 10 votes nnd II WAS nov, TINT the
| President was called upon TO sanction no act OF
the peoples representatives. or use the dreaded
veto power power much dreaded by the rcpub.
leans OF that day, that beng an aIslocrOiIc lea
iufe IN our Iorn 81 Gnyerumenl, that "a lbe ~
'cnt the republican members Of ,ha conycn.
uon that formed he Constitution, were compel
cd to grant IN sprli ot compromise, thus lal
l,b tho, Al ii
through ihclr representatives IL Compress. Then
is it TO bt wondered at that Republican Prcs.
dent should shrink from the execution o this
high executive pIerogall,e lie did however
hesitate and demanded the opinion ID his cabinet
10 Writing. Mr. Jefferson Secretary Of State, con
sldcred The bill paIpabe violation Of the { on
slitution So did hkense MIR Randolph the At
'oucy General But the great col,t,ucuonlsL
! Hamilton utst 81 course hnye h. weight 81 unu-
cncc with inc President. lie like The Bank mtn
ol this day found constitution for his Bank IA
almost every clause. The President being con.
wheel of It's utility, md seeing mnonly oi
Congress had voted for the Bank. leilaued non.
he use Of that dreaded veto power, known thai
! II 1t was an nrlCon OF the Constitution, tie
peoples own representatives. IN Congress wee
responsible 10 Their constituents To- tic luiacuur,
and besides at that early day 1t was not possible
for IA man 10 see to what extent thls system u
! construction upon The constitution would be Cnt.
red 50 much for General Nashugon's tecoem.
ton Of the Constlunnaliy nl Bank Who
now will pretend thai this soi Of precedent on he
part Of Washington, IS excuse to make another
Bank
The argument used that il as much as Mr..
! La oh, \
tabsh branches Of ibis institution IN The Ierrllo.
ues he, thereby, recognized The constitutional tx.
IstsnGe Of the institution, and II was tautamouul
10 the sanction Of tho mother institution IN the
first instance, - in my opinion lhr weakest arpn-
ment ever heard. Mathew Gary to The coEla.
~ notwithstanding Mr. JctTct.ops written opn.
ions to General Washington o. bt, snhIecl 10
| 1871 ought TO have sliehced gentlemen from quo.
! rlng him as authority 10 cstnblIsba United States
Bank. The TACT IS that Mr.. Jefferson would
equally hayo recognized tho Constitutional eXis-
| tepco # the mother institution, to have sanction
ed bll 70 repeal IFS charters, aud Who claims The
monstruu, doctrine that Congress cannot rep, al
an unconstitutional law without recognizing H.
constitutional existence, and Hereby make pre-
cedcn, Ia violate IA iiko manner og3nu II there
@iay 10 get rid Of unconstitutional laws, With
1Sul making precedent Of them, ojher lh0l -
the application Of the sllken cords oi nullrhca-
ton | lblnk there -. Those cords | Will on.
" apply pnol to revolution or scccsspu
nov, Mr. President propose TO exannr, and
see if Mr.. Madison, auihonzes The re-eslabli,h.
nlent Of National Bank upon Constitutional
grounds And sir, wall examine but one reason
al his time, Why be should not be quoted as au-
honty, as examined others on aprevlous ocra.
sion, and did mol this, and 1 design moreover to
be as bllci rs possible
thu. have already stated that the Govern.
men, did IN The year 1850 establish IN substance
nhal now Mnni, and what Is now ahusiYeIY de.