True American. [volume] (New Orleans [La.]) 1835-18??, 1839-03-21

The LEGISLATURE of Louisiana adjourned this morn
ing, after one o'clock, sine die The absence of menu
bets alone prevented the passage Of the Exchange Ban
and Nashville Rail Road Bill. The Clinton and Pot
Hudson Bill was passed over the veto.
The EXCHANGE BANK AND NASHVILLE RAIL ROAD
BlLL.-'Ihis Important measure, doubtless the most
important which the Legislature has passed at its pre-
sent SESSION. regret say fail, in consequence of
the dsapprobation of Gov. Roman. We cannot imagine
what hulucinaton has seized upon the mind of or
ecuve, that lie should feel it ncumben, on him to OPP
pose his veto to the expressed will of such large
Jory of tho Legislature sustained This and other bills
where that ,ower has been interposed At any time,
the use of the veto privilege should be employed with
great caution, aud guardedIy not to be degraded
int, a'use. A udicous Limitation of that branch of
executive paroguve, has been len ling principle in
the Wing creed Its constant employment by General
Jackson twart the popular will and check legislative
action only meritcd but received the universal con-
demna.on of the opposition and of the honest portion
Of his own party. BY some strange faulty, Gov. Ro-
nun fancy he example, and at the heel of the
session, when is too late to gather together the
tered members the General Assembly, he iuerposes
his veoes without stint, although the Legislature
f'lI, constitutional majority would be found to sustain
! tour-iitths and more against him.
OF these we look upon the Nashville ia,l Road Bill
as the most important. This he has had in hand seve.
raj days, and only retoed the very of adjourn
men,. He must have had ample opportunity while the
bill was pending, to make up his mind on the subject
al lea to have examined it, as TO he prepared to
assent or dissent without the delay which did occur
We are mortified and chogrncd that no better reasons
! bo .,,I for
powcr,-wn say unexpected, because it of the
NEST advantageous measures 10 the State, which ha:
been proposed. BY the veto, the State loses tn
actual amount of 1850" 200 which WIS required as
bonus from, the Exchange Bank-the Rail Road Com
ranys credit is materially njured-eir great under
taking mist idle and their loss Of interest accu
mulatc, whilst they receive no squivacnt-the commu
nifty is deprived of s6,00oG(o, and of active CAPT
tai which wouId have greatly relieved the pressure
now existng-tnc Exchange Bank is crippled in its
energies, when it would have been pleased to nv
placed its in position to aid an advance the inter
ests Of the community.
The Governor has taken narrow and purtia view
ofhc subject and has not examined it with the ennrg
ed and thorough understanding of II statesman. W,
shall take occasion to dip into this message and shoy
the shallowness of Gov Romans reasoning. There il
but shadow of real for objection to be found
in the message and that is the fact named, that the I'm
provement Bank had bought i'll its stock, thercb,
reducing the capital one fifth in violation of its charter
We canno, be the apologis of any institution that has
acted in violation of its charter, but it TO us thu
this objection Of Gov Roman is ofnuch force whe
it is considered that almost every bank in tho Stat
stands affected in the way-hat is, has nfrng
the provisions of Its charter We shall resume thi
subject.