The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-04-30
PRESIDENT TYLER AND A u. STATES
BANK.

BANK.
The position Of Mr.. Tyler, in reference
10 ! National Bank, which was 10 have been
the leading financial measure Of Gen. Har
rison's administration, becomes highly inn
portant now that the Presidency has devolv-
ed upon the former. tits very remarkable
fact. that democratic committee, in Vir-
einia. anticipating the very contingency that
has happened, drew out Mr.. Tyler's opin-
ions on this subject, previous to his election
to the Vice Presidency. In a letter dated
Henrico. Oct 8, 1910, the committee after
promising as follows:
.sShouId General Harrison be elected
President almost at the age Of three-score
and ten wears; there is no extravaganza in
supposing that the four years. term to which
he has been pledged by himself and friends,
may be anticipated By the course of nature,
and the executive power be thereby deyOl-
we'd on you. In contemplation Of such
casualty and yielding to sincere anxiety to
preserve our liberty and happiness, we take
leave to request of you, prompt and explicit
answers to the following inquires:"-
put to him among other questions, the fol-
lowing:
18TH. Do you believe the Congress of
the u. s. to be vested with power by the
Constitution, to charter National Bank?
Would you consider such an incorporation,
though warranted by the Constitution, as
mischievous in its effects upon the pursuits
and habits Of our people; and from the in
fluence it would be capable of exerting, up
on the independence Of our elections?
Would you UetO bill chartering National
Bank?n
To this question Mr.. Tyler returned the
following answer:
rs. In reply to the first branch of your
inquiry, quote and adopt the language of
Gen. Harrison in his speech delivered al
Dayton; "There is not in the Constitution,
any express grant of power for such purpose,
and it could never be constitutional to exer-
else that power, Sdre in the eDent the pOsD
ers granted to Congress could not be car
RED into effect without resorting to such an
institution" The latter brach Of your In
quiry is fully answered by my answer to the
first part. The Constitution confers on Con-
gress in express terms, call powers which
are necessary and proper'' to carry into effect
the granted powers. Now, if "the power
granted could not be carried into effect
without Incorporating Bank, then it be-
comes necessary and proper" and of course
expedient-a conclusion which, presume
no one would deny who desired to see the
existence Of the Government preserved, and
kept benefcially in operation. Whether |
would or would not exert the UetO, it will be
time enough for me to say when am either
candidate for, or an expeetant of the Pre-
sidential office-neither Of which | expect
ever to be. If your question had been so
varied as to have enquiFed ofme what course
| would pursue if elevated 10 the Vice.Pre-
sidency, and should be called upon to vote
upon bin for the incorporation of a Bank,
you should of had direct and emphatic
answer. As it is, have only to refer You
to my speech delivered in the House Of Re-
personalities Of the United States in 1919,
on the question of scire facias against the
Bank, and my vote given in the Senate of
the United States in 1882, on the question
of re-chartering the late Bank"
We regard this answer as full indication
that if the exigencies of the country require
National Bank, no constitutional scruples
will prevent Mr.. Tyler from sanctioning its
charter-nay, that he will readily yield TO
the great and suffering interests of the
country, in this matter, and restore to it a
sound and uniform currency. For our part,
we hold that the recent wing victory will be
incomplete, unless it is consumated and
crowned by the charter Of National Bank.
Failing in this, we fear, it will fall, in great
yaoosuro IN roali7o tie hloee;nnS -, fle l,,,,,,
Charleston COar.