The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-11-06
Communications.
ron THE MADIsoNIAs.

ron THE MADlsoNIAN.
The President has already done much, certainly
as relates to United States Bank, he can do CON
sseny with the articles Of his political faith and with
the opinions he has hitherto entertained and acted on
TO conform his Presidential conduct to the wishes OF
the larger portion Of the party that elected him. Il
Is needless here recs what he has already done on
this subject to comply with party engagements and
expectations. The reader Is familiar with the recent
events which have much distracted the public
mind, and which have shaken If not shattered, the
cords Of the late party combinations in virtue and by
the power Of which the Van Buren, dynasty was over
whelmed. II sufices here to reassert, what no one
will deny, that such fiscal agent as the President
in his Veto messages has suggested he would APP
prove, will be assened 10 and accepted by the friends
IF U. States Bank, sufficient for the purposes il
would be designed 10 accomplish. The half loaf
better than bread in sense justly applicable to
the legislation Of an enlightened people intended To
be permanent, enduring for ages, though the snted
measure would the beggar, would not satisfy
them long. The President may rest assured that il
the friends of U s. Bank shall assent to and ac
cept his scheme, at ALL it will only be secure the ba-
sis on which hereafter to engra all the powers of the
old banks. Having done much to conform his con-
duct to the wishes of the friends OF u s. Bank and
yet been unable TO sat sly them having ascertaned
and being assured by all the signs of the times that j,
is their settled opinion that his scheme of fiscal agent
will not answer-argung, as he must argue, from the
ordinary principles ofhuman conduct that the scheme
he has suggested willingness TO sanction, enacted
if enacted at ALL by the votes Of those who confess
they consider it insufficient only be accepted by
them with the fixed purpose hereafter to enlarge its
powers-haying declared that he would not sanction
bank in the forms agreed in the memorial Bile Cab
net conference Of the 18th Of August IS4I (" if he
supposed that it would be made the basis of bank
with all the powers Of the late Bank OF the United
States'is not the President at perfect freedom. with
exemption from censure nay, more is il his ire
mssible duty to review the grounds he stands upon
If on the review, he should be satisfied that he has
already gone too far towards conforming the action OF
the Executive power ofthe Government of the Union
with which he is clothed to the wishes Of the friends
of U. 5. Bank, would he not be bound by every
justly valued principle Of honor and by every senti.
ment that should influence the affections and control
the judgment of the patriot to retire from the ground
he stands on and tell the assembled
Of the people that he will sanction bank in the
form he has once ntmaed readiness to subscribe to
and approved would refresh his memory with the
sentiments, elevated, just and strong which were on
former occasion, by himself xpressed and on them
predicate an appeal to him In 1884, Mr. Tyler,
then Senator, said
We were told yesterday" "that the President
could not retrace his steps with honor What Ian
guage is this TO be held by public agent3 Honor
due regard to the solemn Obligations and duties of Of
flee, require of every public repair the mischief
which his own unwse policy may have inflicted on |
the country by rhat sort Of advisers must The Pre-
sident be surrounded ohen told that he Mould
be dshonored by giping audience to the constituent
body, and yielding to their ,oishes2 His duty re- |
CURED this of him The country must suffer because |
the Presdent must not be inconsistent Honor would
not permit him to retract i'll advised act no matter |
what may come out Of it, Mr.. Tyler ,eouid scout such
an idea Of honor and consistency"
On the same patriotic principles and ennobling SEN |
timents, the President will re,race his steps" by
reracting the opinion expressed by him that he
will sign bank bill in the form agreed upon in the
Cabinet conference, if upon or further) refec
ton he shall be convinced that such measure would
be unwise, unconstitutional and therefore, i'll |
advised and fruitful of mischief.
Seeing that it is clearly eminenlly wrong that the
country should suffer that the President may maintain
which he has suggested Willingness to sanction, is |
within the provisions of the Constitution and of sound
policy Is it which more benefcially than
any other that is constitutional, If this be so, will
give the country the blessings of sound currency
and cheap exchanges -
II is not my purpose to enter the examination of
those questions, with the discussion of which the
country is surfeited am content that they be dis
cussed by those whose duty it will more especially and
imperativey be to discuss them having authority 10
act on them when they get them before them at the
proper time and in the appointed way. My opinion is
that U. S. Bank in none of the forms suggested BY
any one, at any tme within the constitutional
competency of the Government. Such an insu lion
in some FORMS truly and clearly would be less objec.
tonabe than in some Others but in any, to my appre-
hension, il would be- nevertheless, unconstitutional
1t has been my purpose here show that the Presi
dent is not only free, but in duty bound TO take his
future course unshackled by the sickly sentiments of
precise and prim consistency.
PUBLIUS.