The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-09-01
FISCAL CORPORATION.

FISCAL CORPORATION.
The whig majority in Congress, with aspirit ant
= pertinacity, worthy of a better cause, scsIn do
tsrmned, at all hazards, TO force upon the country
. National Bank Of some description.
Since the veto of Mr.. Glars bill by the Presi
dent, a new scheme has been introduced by Mr.
SERGEANT Of the House of Representatives, the de-
tails Of which we have not seen, and which has al
ready passed that body and been sent to the senate
and has in all likelihood been hurried through the
LATTER before this paragraph shall reach readers
Ilis framed with the view of avoiding the objec.
tions Of the President, stated in the Veto Mes.
sage, but in our opinion. it is fur from accomplish
ing this object though Mr.. TYLER may, perhaps,
think differently. True, the scheme proposed, is
not to be Bank, but only q Fiscal Corporation,
the old thing by a new name. There are to be no
branehss to the thing; agencies are simply to be To-
Gated in each State, and without their consent
All this avoids, cupitaly the objections of Prcsi.
dent T1LsR. He is only opposed to a "National
Bank to operate per Sc over the Union" This be-
ing mere Fiscal Corporation, although evidently
well calculated 10 operate per sc over the Union but
not being National Bank, of course does not
come under the reasoning of the Veto.
Mr.. TYLER too, is opposed to the establishment
of the branches of National Bank in the States
without their consent and therefore the Fiscal Cor
pcrstion, to steer clear Of this difficulty, is to have
no branehes, but to be carried on through the in.
strumentality of Ageneies. The objection of the
President being to the branching power this obec.
ton il, at once, happily set inside.
Thus il will be seen that We are to have Nation
al Bank, the opinions of President TYLER 10 the
contrary notwithstanding. HIS difficulties in ,ela.
ton to tho constitutonality of such IN institution
arc all obviated, and he can now, according to the
moral code of the great file leader of the whg par
" give his assent to the scheme. In other words
ho has been "headed" to use the significant language
of the notorious JOHN NJ. Boris, in his letter to
tho Richmond Grog Shop; at least this effort is
made with that intent, but how far it may succeed
remains yet to be seen. We are much mistaken,
however, in our estimate of the character of Mr..
T., as exhibited in his Veto Message if this trap set
'only to fasten him" according to Mr. Boris again,
shall succeed. We shall be much disappointed if le
does not look with contempt look upon this effort,
i. wcre by fraud and straagen to obtain his assent,
to what he has, in advance, pronounced unconsti.
tutional and We shall confidently expect this bill to
be treated in the manner and to meet the same
fate, which the celebrated compromise section, in
Mr.. CIAYs bill encountered.
How he can escape the eloquent and manly con.
domination to which he says he. would have been
subjected, had he signed the other Bank Bill, il
he assents to this, We cannot divine.
He says:
81 could not give my sanction to measure of the
character described, without surrendering all claim,
10 the respect Of honorable men-nll confidence on
the par: of the people-all self respect-all regard
for moral and religious obligations, without IN OBJ
servance of which no Government can be prosper
GUS, and no people can be happy. 1t would be to
commit crime which would not wilfully commit
to gain an earthly reward, and which would Justly
subject me TO the ridicule and scorn Of all vrtuous
men," f.
Tho bill which is now, or will in few days, be
before him, is as Objectionable in its princi-
nal features tho to which he refers in the above
sentence, ana Ill uo ootiiiatioH VI O. laiSo WY ~
his follow citizens he will as much violate all the
principles which he has heretofore sustained BY CIV
ing his sanction as fhe had assented to the other
How he may view the subject, it is, of course I'm.
possible to say, but if any correct opinion is to be
formed from tho history of bis past life on the Bank
question, history which is marked by as much, If
not moro, consistency that of any or all the emf.
nent politicians of the present day. we come to the
conclusion that be will arrest this bill ALSO specu
lation is however. useless on question the fate Of
which win 40 soon be decided. AZ few. days will