Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1839-10-19


should make treaty with France 70 US
| in force fer ten years. when ne ss.1srs-t "a
the power 70 do According - re iosse =
President Jackson, one Presidents A=s a. a--'1sA
power 70 make treaties a. azotAer- ana = g
this az exerv session Of the senazes aa~-
therefore. inusEnuch As lass treaty would axe
4 from succeeding Presidents fof ten years the
power Of altering II Or making new sre IN
consistent Herewith. with0ur tbs ecnsear ?.
France. il would Re unconstitutional sz1 zas
binding upon the United States
President Jackson shonld have -seo1eessd
that there IL a very material dlEie-enee s%s~een
IGrr, which Is rule PRESCRIBED b Ehe Govern
ment to regulate tie conduct Of the PeaPae
who live under Il. and eor-traef whlca nav
exist in the shape OF treaty or a bsstk eszFtzr
Every Congress s-at every session hz- th~
power, most unsaestiona5iy. 70 reFsal q issr
enacted BY preceding ones buf = cannot r.
peal contract, because there nuss be a. least
two parties to every contract, and the eonzens
of both Is necessary 70 rs abrOgari0n- In the
granting of a bank charter, a vel a. n he
formation of a treaty, the action &C the Gov
eminent Is induced b. public necessity ard
intended to conduee TO the public coed tie
bank as affordine a sound Uniform and eaave-
nient currency, a. equaIisiug exchanges, -
6scal agent of the Government, and the rrsa-
ty, TO regulate our intercourse wirh foreign
nations. This objection Is. then. sufficiently
ensw cred BY reducing It to an abzurditv-
The next objection Is as follows .sThe sevs-
raj States reserved the power At the formation
OF the constitution, TO regulate aud c5nfraui.
titles and transfers Of real property, and most.
if not al of them, have laws disquzIifySux
aliens from acquiring or holding lands within
their limits. But this act, IN disregard of the
undoubted night of the States % prescribe such
disqualification, gives to aliens, STOCKHOLDERS
in this bank, an interest and title, as members
of the corporation, TO al the r-aI property e
may acquire within any Of the States OF the
Union. This privilege granted to alters : rot
''Iaeeessary" TO enable the bank 70 perform is
public duties, nor in any sense a.Fr9oer,- be-
cause it is vitality subversive Of rhe rigE1s Of
the States.''
Now Il appears to me very strange, 5adeed,
that objections are made 20 .-alIens7a holding
stock IN a United States Bank, when it Is
fact well known that ne arly al the States
since the commencement Of Gen Jackson's
experiment. have Incorporated banks vaish
have gone into operation upon money borrow
ed from 't4hens-'' Nay, they have eoae 50 far
some of them, as TO pledge their faith for the
return of The money. These State banks based
upon the capital Of ssaliens,rr Likewise acquire
san interest and title'' to real estate. and no
fuss is made about IT, 1 doubs very much
whether there Is State in the Union which
has prohibited ssaliens'' from holding stoek IN
her Banks. They are on the contrary glad 20
get such stockholders, as they BRING eapi al
into the country. All these banks aequire
real estate: and # 50, the alien st1elz-hoIasrs-
as such must acquire an interest IN i, % tie
subversior Of State rights, as the Gen. would
say. But even admitting this objection well
founded, it is BY no means an uuanswerable
one to the establishment Of q National Bank
for such an institution can be created ifhour
sssliens'' holding stock The capitalists Of the
United States would seek such an inves-mcas
with the greatest avidity, when they would
not look al the stock Of State Bank Many
a rusty dollar, which has slept quietly IN the
chests of misers since the sAwar uPon the eur
rency," upon credit, and upon public cont
dence commenced, would Ike Lazarus eoue
forth and contribute to the completion Of iss
capital. Industry and enterprise would Iook
forward with confidence to their reward, asd
the cheering of prosperity once mere shine
upon the blighted fortunes and crippled ener-
gies of great people.
Another objection the ball Is IN the fol-
lowing language: 'sThe Government Of The
United States have no constitutional power %
purchase lands within the States, except afor
the erection of forts, magazines, arsenals. dock
yards. and other needfuI buildings" and even
for these objects only '.by the consent Of the Z
legislature of the State IN which the same
shall be.'' By making themselves stoek-hol-
ders in the bank, and granting 10 the eorpora-
ton the power TO purchase lands for other Pur-
poses, they assume power not granted IN the I.
and grant to Others what they 90 4
not themselves possess
The yearly practice of the Governments IN
der every administration from Washington .
down, sufficiently refutes this reasoning The
position is, that the United States cannot pur-
chase lands within the limits Of any Of the
States without the consent of the Legislature
hereof, and even then not 4 foot can be OBJ
aimed except ''for the erection of forts, maya
zines. arsenals, doek-yards, and other needfaI
buildings" l cannot perceive the difference
20 far as the constitution Is concerned between
aoldIng lands within the States without the
consent Of the Legislatures thereof, and sVtlr-
'hasing" the same without such consent. And
t Is well known that the Federal Governments
las held, II II does not now hold, lands IN al
he States OF the Uni save the original thir-
cen; and the constitutional power 70 do 50
With or without the consent of the Legislatures
las never been questioned, even when the OBJ
ect OF holding was, not TO erect forts Sc
lPon, but TO sell or otherwise dispose Of them
or the public welfare. Moreover, the Federal
government has in many instances s.p.srcsa-sdnr
ands within the States from the Indian tribes.
without the consent OF the legislatures. ana
his with the avcwed intention-aot 10 busId
orts, &C., upon them, (for il would take all
he money the sub-treasurers could steal in
thousand years to erect forts upon ali the thou
ands and thousands more OF the Governuep. !
ands bought within the States1-but to sell Z
gain Madison county and the counties !
Qf frI IL