Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-04-24
LFrom The Bnn.mare RennhIlc,nl
JOHN TYLER, OF VIRGINIA.

Tyler IN very elevated poslllon-one which will
cause not only the people of this counlry, TO look
to HIM with the deepest interest, but the ewes Of
the whole world will be fixed upon his every
movement lie Is now the ChlkExecutIve of
tins Coniedetacy' and Euch Of the policy oi the
Government, during the next four years must be
influenced by his opinions. II becomes, there
ioie, matter Of some interest TO know what
those opmIons are upon prominent and interest,"
lng questions.
There IS no question Of more Importance at
this tIme than that which relates to the establish.
ment OF National Banks and believing that 1t
would be acceptable 10 nany individuals TO Know
the opnlens OF The President on that subject, we
annex some extracts from speech delivered by
hun IN the House of Representatives. IN Februa-
~, 1919, as reported IN the supplement to the
10Th vol, OF Niles Register, page l20, &c.
Upon The motion OF the Hon. j. c. Spencer,
OF New York, committee had been appointed to
investigate the affairs Of the United States Bank
This committee made report, which produced
very general discussion. Among others, MI
1 yler participated IN the debate. lie sad;
"The question whether II would be proper to
direct u sclre jaeIds against the Bank divides IT,
sell INTO Two heads Of enquiry. FIRST, whether
| the charter has been so violated as 10 assure a
forfeiture! And II so, is It expcdlent TO exact tho
odeIlurei The decision OF the fist would pre-
clude me from an enquiry nto the second. For
sit, uasmuch as believe the creation Of this cor
poraton unconstitutional cannot, wllhou, a vi
olatlon OF my oath, hesitate TO repair he breach
thus made N the Constitution, t1J- When an OPP
pouunily presents Itself Of dong SO! without VIC.
laung tho public faith But believing also, that
it's eXpe lent 10 put II down, aud other geAte.
men feeling themselves AT liberty to follow up
that enquiry propose TO express 10 you my
views on that subject
al lhluk that The incorporation Of the United
Sta es Bank, was calculated TO delay The rssump.
ton Of specie payments on the part Of the SIate
| Banks
=" Mr.. Chairman, look to more efficient
cause for the resumption of specie payments: |
look TO the resolutions Of the State Legislatures,
to The resolution Of Congress, requiring the pay.
ment Of all dues 10 the Government 10 lie made
N specie, OF the notes Of Banks paying specie,
alter lbe ooh February, 1917, as the great cause
Of This assumptions am disposed 70 ascibe
more energy to the arm ct the Government, Than
to any uonIed institution"
"For one, enel NY protest against the Bank
ng system as conducted III this county; a sys.
ZEN not to be supported by any correct principle
Of political sconomy. gross deIusion--Iho
dream Of ayslunay--a systerl that has done
more to colmpt ke molals Of society Than any
hing else which has introduced Struggle for
aealth, instead Of The honorable struggle which
governs the actions Of II paltoi, and makes ambl'
non virtue Which has made tie husbandman
.purn his cottage, ard introduced a sPlnt Of luau
AT variance with the simplicity Of our lnslltu'
tons"
4" call upon the warm advocates OF banking
now 10 surrender then errors. Shall take them
by The hand aud lead them through our cliies!-
bankruptcy meets us nj every step; rum slares US
very where IN the face. Shall be told oil the
: benefits ansing to commerce from The concenta-
non Of capital Away with the deusion. tJJ-Ex-
perience has exposed IT'S falacy.-I,l True, lora
b moment, II has operated as a stimulus; but, Ike
ardent spirits, 1t has produced ACTIVITY and ener.
~ for moment, relaxation has followed, ans
me lorpor Of death has ensued"
" he revenues amount to upwards OF 500
d 100000 annually. Require but fourth or hlIh
part to be paid IN gold Of silver; what would be
The effect The merchants would collect the
notes Of Banks and demand specie Tor them, sand
thus test would be adopted, by means Of which
to ascertain The solyency Of each institution. The
demand (ot specie thus produced, would have the
beneficial effect OF introducing Of 1t into the
country, for money is like every other article, and
will hud its way TO the market where il is most
wanting. The system niaht be enlarged gradu-
ally uni. your WISHES could be cossumma.
ted"
u protest against tie idea that he Govern
meui cannot do without tins Bank. We are not
dependent on this corporation Wretrhed indeed
would be our situation If such was the case"
Mr.. Tyler was member, of The Senate of the
United States IN 1892, when The bill TO rechaner
The Bank was before that body. See NilesARe-
gister, vol. AZ, page 294 The question being
on the passage Of The bill "lo modify and contin-
ue the act 10 incorporate the subscribers to the
Bank Of the United States;', those who voted a.
saInsl The bill were, "Alessrs. Benton, Bib.
Bio%n' DIckelson, Dudley, Ellis. Forsyth. Grun'
dy, Haynes, Hill, Kane, King, Mangum, Marcy,
Miller Moore, Tazewe Troup, TYLER, aHd
White"
coon REsoLuTtoEs-Are ike soda valeri n 'hey
stand any length OF lime before they ste aeyu upon
they lose their strength and bece'i'e s'aC, nat and
Improbable