Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1838-12-12
December IL, 1888.

definite measure will be adopted at the
T, will NOT. am sure, be deemed out
Sc n,oco for me here to remark, that the /
declaration of my views in opposition to
she nolicy Of employing banks as deposit
,or;es of the Government funds, cannot
,s,Iv be construed as indictive hostility, [
Zficial or personal, to those institutions;
4 TO repeat, in this form, and 10 connec- I
lion with this subject, opinions which
have uniformly entertained, and on all
proper occasions expressed. Though al
ways opposed to their creation in the form
ol exclusive privileges, and, as State
magistrate, aiming by appropriate legisla-
hon 10 secure the community against the
Consequences Of their occasional mlsman-
arement, have yet ever wished to see
hem protected in the exercise of rights
conferred by law, and have never doubted
heir utility, when properly managed, In
nromoting the interests of trade, and, thro'
ihat channel, the other interests Of the
Community. To the General Govern
Yfent they present themselves merel y as
state institutions, having no necessary
connection with lis legislation or its ad-
ninistration. Like other State establish
nents, they may be used or not in con-
dnctino the affairs of the Government, as
pnblic policy and the general interests Of
he Union may seem 10 require. The
6hIy safe or proper principle upon which
heir intercourse with the Government
can be regulated, is that which regulates
Intercourse with the private citizen; the
eoaterring of mutual benefits when the
government can accomplish a financial
liberation better with the aid Of the banks
ban without, it should be at liberty to
EEK that aid as it would the services of a
brivat- banker, or other capitalists or
agents, giving the preference to those
uho will serve it on the bess terms. Nor
can there ever exist an interest in the Of
iicers ofthe General Government, as such,
inducing them to embarrass or annoy the
tate banks anv more than to incur the
hostility OF any other class OF State ins!i-
fblions, or Of private tzens. 1t is not in
he nature OF things that Hostility to those
ibs.,ta;ioaa can So ing from this source,
u any opposition TO their course Of bust
less, except when they themselves depart
trcn the objects Of their creation, and at
mp. TO usurp powers not conferred upon
1hem, or to snbve.t the standard Of value
Established by the constitution. While
IMPOSITION to their regular operations can-
not exist in this quarter, resistance 10 any
a,lempt to make the Government depen-
dent upon the successful administration O
nublic affairs, is a matter of duty, as
rust It ever will be of inclination, no mat
III from what motive or consideration the
at;empt may originate.
II is no more than just to the banks tt
say, that, in the late emergency, most
them firmly resisted the strongest tempta
lions TO extent their paper issues, wher
apparently sustained in suspension g
spetie payments by public opinion, eve1
1housh in some cases invited by legis,s
Nc en- lctmen,s. Tothis honorable course
aided bv the resistance of the Genera
&overnment, acting in obedience to tn
Constitution and laws ofthe United State
y the introduction Of an irredeemable p'
ber medium, may be attributed, IN gre
1egree, the speedy restoration OF cur Gu
fency 10 a sound state, and the business
ihe country to its wonted prosperity.
The banks have but 10 continue in Il
same safe course, and be content In the
a,spropriate sphere, TO avoid all intcrft
lee from the General Government, a
10 derive from it all the protection a
#benefits which it bestows on other 81
Establishments, on the people fthe Stat
md on the States themselves In th
heir true position, they cannot but sect
he confidence and good Will Of the p'
he and the Government, which they {
1hly lose when leaping from their. .e2
fhate sphere. they attempt to control
egislation of the country and pervert>
operations of the Government TO their o
purposes.
Jurisprudence under the act passes
he last session, to grant preemption re
10 settlers on the public lands, has as
been too limited to enable US to pronou
with safety upon the efficacy of its !
Visions to carry out the wise and lib
policy of the Governmental that resi-
There is, however, the best reason to
pale laVoraOle tesults i'ohi ITO W
Ion. The recommendations form
submitted to you, in respect 10 era
lion of the price Of the public lands
main to be finally acted upon. Ha
found no reason to change the views
expressed, your attention 10 them is q
respectfully requested.
Every proper exerton has been 4
mud will be continued, to carry on
wishes Of Congress in relation Ioti
bacco trade, as indicated in the Sc
resolutions of the House of Repre'
lives and the legislationof the two br
cs. A favorable impression has, |