Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-08-14
ay defeat the biIl--rather than at clear

may defeat the bill--rather than at ciear
and steady light.
The Compromise Of the Senate
"And the said directors may also establish
one or more competent offices Of discount and
deposite in any territory or district OF the United
States, ard in any State, Nth the assent of such
Staie and when established, the said office or OF.
fees shall not be removed or withdrawn by the
said Directors prior to the expiration of the
charter, without the previous assent Of Congress:
Provided, in respect to any State which shall not,
at-the first session OF the Legislature thereof, held
after the passage of this act, by resolution or
other usual legislative proceeding, uncondltion.
ally assent or dissent to the establishment OF such
office or offices within it, the assent Of the said
State shall thereafter be presumed; and, provided,
nevertheless, that when it shall become necessa
ry and proper for carrying into execution any Of
the powers granted in the Constitution, to estab.
ish an Office or Offices in any Of the States what.
ever, and the establishment whereof shall be d.
rected by law, it shall be the duty Of the said
directors to establish such Office or offices &C.
cordingly."
AS to the practical Interpretation of the
first proviso, we think the commentary of
Mr.. Clay, that 1T was contemplated to
give each of the twenty-six States the pow
err to dissent, and not to force bank upon
any State" was fair one; and the more
particularly SO, as that construction is sus-
tanned and enforced by the previous pro.
visions and subsequent proviso Of the
compromise, both Of which we have shown
already were in substantial unison with the
cnactments ofthe bill from the Treasury.
already quoted. We regret, nevertheless
that any ambiguity whatever was interwo
ven in the terms of the compromise, where
by the whole fate Of the bill may be left t
the construction ,chich preponderateS IN tn
mind of the Erecutice---but our antic
pations are strong that it will be still fur
Their modified in its passage through tn,
House of Representatives, and that it will
finally 60 to the President in shape il
which it may undoubtedly become law
In this event, and with the gratifying expe
rience before us, we have reason to hopt
that the further calm reflection of GU
contemporaries will induce them to dis
miss and retract their fears concern
ing the declension of capitalists to taxi
the Stock of the Institution, on accoun
of the assent principle rendering it mere
State concern; and that they will join witt
us in invoking the propersprt Of order ant
propriety, to prevent contentious and riot
in the competition for it.
BTTo our readers, majority of whom
have, perhaps, entertained opinions dfferin.
from ours, but not one o. whom has abandone,
us in consequence of the freedom and fair
ness wherewith we have examined thi
great public question, we acknowledge tn,
unfeigncd qualification we experience il
having to deal with community of pat
rons as liberal in spirit and independent il
thought as we profess to be ourselves; anc
while congratulating our contemporaries anc
coadjutors, in the hope and belief that Their
lies before us no ground for a similar con
test amongst ourselves, we trust, even shout,
one casually arise, we may avoid the pre-
mature denunciations of such of them as d
not see 'the outcome" themselves, and ar
hence not calculated to aduise us, much les
to measure or appreciate our "work" il
''Whg harness."