Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1841-08-31

PRESIDENTS VETo.-The suspense of
the public mind in relation 10 the action Of
President Tyler on the Bank Bill, has at
length been removed. The supposed views
Of President Tyler have been the subject
Of newspaper discussion and Of specula-
ton, among politicians ever since his as
cendancy to the Presidential chair. AL
though the official conduct of Mr. TYLER,
previous to his election to the office Of Vice
President, was in the main unequiyocally
hostile to q United States Bank, still the
friends Of such an institution fattcred
themselves, that since he was elected to
the second office in the gift Of the people
by popular majority, that he would yield
his former opinions. The inaugural ad-
dress Of President Tyler, as we'll as his
message to Congress, gave no definite
clue by which either party could form any
other than conjectura opinions, as to his
probable course on the Bank question:
Under these circumstances many Of the
most ardent advocates for National Bank
had arrived to what they supposed the ir-
resstable conclusion, that the Presiden,
would give his official sanction to such an
institution. To such the veto message
comes like peal Of thunder in bright SUM-
shine. To those who regard the establish
ment of national bank, in an interested
or only superficial point of view, the We
to imparts feeling Of modification. They
had pictured to their imaginatons, the chan
ncs Of trade and commerce, expanded and
OVERWHELMINGLY plenty in every mans
pocket, and the requirement Of wealth COM
paritively matter Of ease. 1t is therefore
extremely unpleasant for such to be dis
turbed in their dreams of ideal wealth.
With respect to the bill which passed both
houses Of Congress- is extremely doubtful
whether it would have met the wishes and
expectations Of the party in power. Ger
tain we are, that its provisions were not
such as met the approval of large num-
Der of the Wing party throughout the coun-
try. A majority of the people are no doubt
prepared to say, that SO far as the bill in
question is concerned, it is we'll the Prcsi-
dent exercised the veto prerogative.-Whe-
Their Mr.. Tyler would decline to sanction
any bank whatever, is not indicated in the
veto message. He distinctly makes but
but two points in his objections to the bill,
and "waves all other considerations grow
ing out Of tits other provisions" Rumor
will be rife with speculations and prophe-
cies, until the result is fully known which
the veto will have with the Cabinet and
Congress. Some predict resignation Of
the present cabinet, and total disorgani-
cation Of the Wing party. Others affirm
that Mr. Clay and his friends will take it
coolly, and act deliberately on the premi-
ses; and that in the spirit Of compromise
a new Bank Bill will be devised-such an
one as Mr.. Tyler can approve. Neither
Of these predictions contemplate imposs-
bllitleS, but neither Of them are wholly pro.
bable. From all the evidences before US,
we deem it safe to conclude, that there will
be no United States Bank with the ordina-
ry privileges Of discountng chartered du-
ring the present session of Congress, nor
during the administration of President Ty-
Ter. That an institution having for its pri-
mary object the facilitating of exchanges
will, be chartered during the present Sc
sion, our latest accounts from Washington
seem TO indicate as probable,