The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-04-06

cipies, and such deep peeuniary interests Il feel
that cannot, in justice to the parties interested.
TOO soon present 1t TO the consideration of the Le-
glsiature and the people. Both the constitution
AMY and the expcdiency Of the law creating this
BANK are 'reH questioned by large portion Of our
fenop ciftzens; aud il must be admitted by all
that II has failed in the great end OF establishing
uniform ana sound currency"
| "Under these circumstances. il such an irsti
niion Is deemed essential 10 the fiscal operations
oi The Government, submit 10 The tcisdor Of The
Legislature, whether ia iona one, founded upon
the etedu Of The Government and its repenues,
might not be devised, which would avoid all con.
siitutlonal difficulties, and, al the same time Sc.
cure all the advantages TO the Government ard
the country that were expected TO result from the
present bank"
! This was the first open declaration of that i'm.
placable war agsinsi the late Bank OF the United
States which was afterwards vageo with so mach
terociiy. IL was the sound Of the distant bngle 10
collect together the dispersed and scattered orces,
and prepare for BATH J The country saw with
surprise the sialeIHeHt mat the consiiu ionaly
and eSpcdleney Of the law creating this bank are
well questioned bp a large portion OF our fellow
citizens" when, in roth and tact, il il well kuwn
that but few then doubted the consliuiionall,y,
land none the expediency OF il. And the assertion
admitted by all that il has failed in the great end
Of establishing uniform sound currency
In this messasge, Too, y biist DOUBT is nlimaed
ss 10 the utility Of such an Institutions President
Jackson clearly frsl distloses his etSec, esiab-
ish naionaj one, founded upon Vi, credit Of The
Gorer5rleHt and us rereHHrs, H. LHguage l.
perfectly plain and unequlyoe-i Such bank,
founded upon the credit OF the GuyeT-Im and It's
revenues. would secure all The advantages to the
Government and tue country, he tells US, that
were expected 10 result from The present bank.
IL his anpual message Of the ensuing year, the
late President says.
The Importance of the principles involved in
the inquiry whether II will be proper 10 techaItcr
the Bank OF the Unned Safes, requires that
should again call The attention Of Congress 20 the
subject. Nothing has occurred 10 lessen IN any
degree, the dangers " hich many of our ciiizefs
appfehended from that institution, at present or
ganiked. In the spirt Of improvement and com
promise which distinguishes our country and It's
Institutions. 1t b, cones us 10 inquire obether BE-
not possible 10 secure the GGpoHtoges 9oyded by
he present. bark, hrOEgh the agency d Bank Of
the Uhiied States, so modified M us principles as
10 obSIate Constitutional and other otltcu0ns
1t l. thought practicable 10 organic such
bank with The necessary Ulcers, as traHch Of
tho Trashy Department, sed on the public aud
Individual depaIles, without po~ er TO make loans,
or purchase property, which shall fenl the funds
q. Government ard the e. ptIse OF EhIch may be
and, il thought advisable by SHOWING It's officers
10 sell bills Of exchange 70 PRIV ata individuals, al
a moderate pfeu,ium. Not beng a corporate boz
~. having no stockholders, dtbtars, and property,
ana but few ctfcer., i, would not be obnoxious 10
he constitutional directions which are urged u
sainst the present baus aud having no means to
operate the hopes, tears, or interests, OF large
masses Of the community, II would be shorn OF the
Influence hich makes that bank formidable
H. this message. President jackson, alter again
advtrtlng 10 The imaginary ngeIs OF Bank OF
aa United Slates, recurs to his tayorte PROJECT
md inquiries whether II be not possible TO secure
he advantages afforded BY the pttsent bank,
through the sgeuoy oil Bank ottht United States,
50 modified in lis principles and structure as TO
obviate constitutional and other objections" And
10 dspe all doubts Of the tmld, and 10 confirm he
Nsverlng, he declares that II is thought practical
Die TO organize such a bank, With the necessary
fiicers as sfanch of the Treasury Department
As branch Of The Treasury Department. The
sery scheme now under consideration. And, 10
iefray the expenses OF such an anomalous ustitu-
itrn he suggests that the officers OF the Iaeasury
Department may turn bankers and brokers', and
sell bills Of exchange 10 private individuals a, a
Moderate premium
In bis annual message Of the year 1851, upon
ms subject, he brief and someW hat covered
N his expressions But the fixed purpose which
he entertained is sufficiently disclosed to the atten
i've reader. He announces that. entertaining
The opinions heretofore expressed in relation to the
Bank Of the United States, as at present organised,
ielt it my duty, in NY former messages, hank-
" 10 disose them. in order that the attention OF
he Legislature and the people should be season.
ably directed to that important subject and that
it might be considered. and finally disposed OF, IT.
a manner best calculated 10 promote the ends OF
he constitution, and subserve the pubic inter
osls." Whist were The opinions heretofore" e&-
pressed We have clearl, seen. They were adverse
10 the Bank OF the United 5 ates, 1T present
gdHissd, that is 10 say, al organization with an
independent corporal, Government; and IN favor
OF national bank which should be so constituted
as to be subject TO exclusive executive control.
At the session o. ls3l-'S2, the question of the
recharter OF the Bank The United States came
NJ; and although the attention Of Congress and
the country had been repeatedly aud deliberately
before invited to the consideration of D, Presi-
dent Jackson himself, the agitation Of it was
declared by him and his partisans TO be preeipi-
tate and premature. Nevertheless, the county
aud Congress, conscious OF the value of a safe and
sound uniform currency, conscious that such
currency had been eminen,ly supplied by the Bank
Of the United States, and unmovod by all the ont.
cry raised against that admirable institution, the
recharler conn anded large majorlies IN both
Houses Of Congress. Fatally for the interests OF
this country the stern selt.wi of General Jack !
son prompted him 10 risk every thing upon It's /
overthrow. On the 10th of July, 1882, the bill .
was returned with his veto; from which the fol. /
lowing extract is submttted TO the attentive con-
sderhtiun of the Senate.
"A Bank Of the United States is, IN many re.
spects, convenient for the Government and useful
10 the people. Entertaining this opinion, and deep
" impressed with the belief that some of the pow
b.. lhn nxistinrr hnnL