The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-08-31

shxu President Tyler Be condemned Tor vetoing bHi
rhieh has ma even the apsobaiion Of majority q
uusi have shown thai there Is no ground Tor -
p1faf0n or complaint against the President IN N
high constitutional duty he has performed nc %.
from Kentucky thinks the President iockea ,oo
much into has heart in this case bui snefe
| can honest and considerations man iook ioI 49,
ance IN the discharge ofduty. Thai good 4na
Being in whose name be assumed the solemn fsstoi
sibiIites Of his Office having given him 'n1' =.
monitor for has guidance, what osnef ~ ~ re-
suit The President, under deep sense o. nis re-
spoa.iby 10 the country ia all her great interest.
and hoors-con stiiuiiooaI, Poiificai moral, eooo
eal-has preferred 10 act Painiui sha '...'',:as
part rather than 60 betray his duty 70 'he
which be had sworn TO "Pfesese, pro'eca, anu y.
fend Never were the motives Of pubic servant
- INV humble Judgment more worthy OF indulgence
and respect With this consictioa rooted IN my mnp
for one can never consent 10 hear his conduct I'M
pryned without raising my poor voice IN ms defence
fhe Senator from Keniucky--with small dra-
matte eHset-appying the language Of the President
in relation 10 his case the dissmilai one OF
Mr. Madison, asked, il James Madison, by signing
the bank bill Of 1916, bad forfeited the respect Of all
yirtuous men Il is sufficient To say, a. have al
ready shown, that the circumstances under which Mr.
Madison acted, whether reference be had TO his perso
nal opinions or the public opnsn Of the times, were
entirely dferent and the language OF the President
therefore, quoted by the Senator from Kentucky can
not, by any violence Of implication, be considered as
yene rated name
beg leave 10 be INDUCED with word or two to
the course il deyolves upon Is TO take The Be
nator from Kentucky says he hopes we shall 90 on
and perfect new bank bill. While asow myself
willing, If such bill shall be presented as my judg-
ment approve, 10 give il my support, J must be
permitted say that, in my opinion we shall better
consult duty TO the country and the subject We
do not attempt second bill at this time. II 10 great,
difficult a complex question. II ID a question on
which the country is more divided probably than on
any other; especially as TO the form which q pank
shall assume. may concede, II you please tnat ineie
Is orty in the country IN favor Of hscai ins-
tuition Of some kind and which shall render some IN
cdenal assistance 10 the currency and the exchanges
of the country yet to the form Of he institution
its powers capital and all its details, men are more
divided in opinion than about any thing else NO
project has yet received the support OF majority
either Of Congress or Of the People. The presses
even which support the honorable Senator DO them
selves now say Of his hill that would have been IN
operative and its loss il calamity TO the cosntry:
Shall we, then. when we are all worn out, IN MIND
and body by unnatural abors in these dog days,
be called upon make yet another disastrous expert
mentl say to this side of the House, and would
say 10 the other sde f could BIO permitted to do so
without treason 10 pariy) shall we, at this moment
with all the evidences Of extensive dissdence as 70
such measure before US, rush bliDdfold, and IN
triple haste seek get up another crude scheme LOT
the finances of the country l would respectfully
saw no II prudence is to have any thing to do in
guiding our councils, would say again, no. Mr.
Gallatn in his late admirable pamphlet on the cur.
rency, says most truly, that Bank OF the United
States from its intrinsic unpopulari,y and liability to
abuse, is a subject which, above all others, ought 10
be acted on with great caution and due de-
liberation" Mr.. Appleton, too, than whom no
man has evinced greater acquaintance win Inc
whole SUBJECT, tells us that the establishment
Of Bank Of tie United States is the last thing
to be done in haste, mere party measure
never will agree to act upon any measure touching
the great and vital interest of the currency as party
measure. We are enttle TO the joint wisdom OF the
whole People, and every part of them, in adjusting
this great interest Let US, then for the pre-
sent, pass the subject by One bill has been rejected
by the President and has failed To command the appro
baton OF majority Of either House Of Congress
Many Wings are, to my certain knowledge,at this
moment heartily rejoicing in the defeat OF that mea-
sure. have in my pocket letter from eminent
Wing fnancier congratulatiDg the country on the
loss Of the bill We have done much in repeating The
sub Treasury. We have thus taken an obstacle out
Of the way Of the resumption Of specie payments oI
il has been truly said that that system wreakcd
its vengeance only on specie-paying banks while to
those which did not pay specie its requirement OF bull
lion was a matter Of indifference. Where is the gen
tleman who will not admit that the incorporation of
National Bank will, for the time, operate obsta-
Gle TO resumption On that point refer gentlemen
again to the able pamphlet of Mr. Appleton. would
prefer indeed that some temporary act be passed IL
hitting the discretion novoleft the Executive in rela
ton to the custody and management OF the revenue
But if we cannot agree that let the question
be adjourned--Iet US take time for deberatIon-for
for comparison of views. Let Us call IN
he aid of practical Let US not attempt TO ar
range in haste the details Of such institution on
mere theoretical party principles; but let US build
up, with cautious delberaton, system which shall
stand the test Of scrutiny and time, be worthy OF
the Administration and the country. All previous
systems have been rejected and conference.-the sub
Treasury-the pet banks-an old fashioned Bank OF
the United States-a new-fashioned fiscal agent
We have before complete tdbuia rasa--appealing
emphntieally all parties to lay down far this
question concerned, former prepossessons the al
Of the country, and to unite in honest and pa
triotic effort TO build up permanen, system for the
common good
From The Neto York Journal Of Commerce.