Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-10-21


y aod ~iseiy de-ssoed for TIA, purpose; I;
aud IN The ftluserSous man whom they
made President, surrounding himself
promptly as he did with u Cabinet Of no
ble and apptovet men; aud IN tile strong
Whig majority elected by them To- the
two Houses Of Congress, they gave 10
the country a sure guaranty their pledge
would be faithfully redeemed
At the late extraordinary Session Of
Congress which had become indispensa-
bie on account OF the cuudilion in which
the affairs of the Government and the
Treasury were- ten byihe late Admins.
wa'ion, The Wing Members Of Congress
proceeded To perform the duty expected
of,hem by the country. They accom-
plished oil they undertook, aud all that
ought then to have been undertaken, with
the exception Of one most vital and impor-
tant measure, in which they were driea.
ted by occurrences that had bee -unex-
rected and were To them unavoidable.
They passed a Loan bill, by which a
portion Of the debt of the late Admins
traiion was provided for, aud necessary
means supplied 10 Il failing Treasury II
Revenue bill, by which additional sup
plies will be obtained, chiefly from lux
uriesj a bill giving 10 the poor pei
manent pre-emptive privilege in the pub
lie lands, and distributing the proceeds Of
those lands among ihe several States; n
bill repeating Tie Sub-Treasury scheme !;
bills for improving our neglected nation
al defences, by sea and by land; and
bill, Indispensable in highly CONNER
cial country, making uniform provisions
for security to creditors and relief to deb
tors in cases of insolvency. These con-
slitute a body Of Wing measures, which,
ms an Offering of first fruits, cannot fail to
be acceptable and satisfactory TO the
country.
But while we rejoice in what, has been
accomplished, we are constrained to ex-
press our deep disappointment and regret,
that the President, providenially in place
as such, by the Ceath Of the elected
President has not been able To CO. O perate
with the CO. OF dinate branches ofthe Gov
ernnient in the measures proposed by
them for the ad ustment ofthe great un-
settled questions respecting the manage
ment ot the public revenue, and concer-
ming Currency and the Exchanges; and
on this subject, we propose to give utter
ance to our honest sentiments, as be-
comes freemen, maintaining towards the
Chief Magistrate Of the Republic the
most respectful language and department
II stood among the very first and high
est articles in the creed OF the Wings,
that the Constitution and the governmen nj
were not safe with the public treasury ia
Presidential hands; aud that the country
never could he truly prosperous, without
National Currency and equal Exchang.
es and we condemned. therefore, une-
Guivocally the whole course of action and
policy, on the part of both the preceding
Administrations, touching and affecting
these sub;ects In this very point it was
that Dir. Van Buren fell, and the Wings
triumphed, and there was nothing in
which they were pledged To the country
Tor reform, If not in this. To establish
better fiscal system, and To restore II
national currency. were duties. required
more than any others, promised oiiener
and more s0ieiDDly, than any Others; and
81 II was universally undersi O0d. When
the wings sought office and power il was
this very reform, ard they expected to
accomplish il, of course. by some appro-
pirate measure to he devised, and through
the insti ntalny of those whom they
should elevate To places OF trust and au.
thority. Ii was explicitly understood
that their object or rather these two OBJ
Jects, the proper management of the
treasure, and the restoration Of n sound
currency, was TO be effected through
some other agency than such as had
been proposed and employed under The
two administrations of Gen. Jackson
and Mr.. Van Buren,, and the general ex.
pectaiion and belief was, among all par
ties and in all quarters, that resort would
be had once more, ms the only alterna-
tive, to an institution in the shape of II
National Bank, enacted by the authority
Of Congress. If such an Institution
should be found necessary, in the Judge
mcnt Of Congress, to The due execution
Of the power granted by the national
charter, as il was almost universally sup
posed it would be, then such an lnsiiiu-
lion was TO be created; and so common
was this expectation and belief, that it is
hardly conceivable how any person in
any quarter, should have accepted a
nominuiion from the Wings for any high
Office, in which his voice or his action
might be required on this subject, without
having considered himself virtually pied.
ged to make his course harmoDize with
that OF his party on matter so vital TO
the country, and to the faith which that
party had pledged to the country.
When Congress came together in May
last, It was understood that there was an o.
pinion and conviction nearly unanimous a.
mong the Wings Of both Houses, that an In.
sthu,ion Of the sort just referred to was in.
dispensIble. This opinion and resolution,
once cast into The form ol a uw, should, IN
our judgment, have been conclusive with Mr..
Tyler. He was understood to have express
ed himself IN answer to intenogativcs before
his election to the Vice Presidency, in favor
Of the Consti,uiionolny aud expedIency of a
National Bank, oiwitbstandlng his former
opinions, provided only the condition Of nc
ccssliy should appear. We think this neccs.
siiy referred itself exclusively to the judi