The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-09-23

Kentucky mir Ciay) introduced bill for that pur-
pose Il was hurried through the Senate wnh an
ayowsi that must 60 10 the pfes'den, ana receive
n. SANCTION on the fourth day Of luly-the very day
on which the bill 10 be repealed received The signature
Of the late Executive. II came 10 this House, ana
was referred To the Committee Of Ways and Means
bot on the next day II was perceived that fiuhasi
had been committed and the bill was sent 70 the r.
nance Committee. There sir, Il remained iof weeks
the Pourth Of July passed, but not word was sad
about the bill. sudden change had taken place 20
opinions There runor thai the Bank Din OF inc
Senator from XIV. woCld not receive the Executive
.pnr,ysl The managers went 10 work, and shortly
Afterwards We informed that the repeal 81 the
Sub-Tfeasury bill was 10 be tackled on TO the Bank
bill 90 as TO send boih 10 the President al once and
force him to veto both together This, SIR was poll
teal move Despising subiertuge and unfarness an
do SIR and as have always done, and scorning IN
diIecl legislation called upon the chairman OF Inc
Finance Committee, on Of least dozen different oc-
casions for his for Withholding the bill nc
public press commenced commenting on the UNFAIR
ness Of the procedure and at last il made reluctant
appearance 10 tAe House but laid upon me taD,e
Stll the fate Of the Bank bill was undeeiied, ~
BANKRUPT bill was taken up and dscussso e.".'y
10 a diatory manner as giving time 10 oPf'e, olon
other measures. One morning you deeiuen nA.
would be very improper take out Of Commute -
the Whole the nett day at -four O'Clock. ~.
morning, at ten, you decided ina, u "ou'a ~
10 end The discussion four o'clock OF that Gay nv
half pa,t eleven YOU again decided that u wouu NC
imp,oper 10 take the bill out VI committee ~ ioo'
O'Clock Suddenly motion was made 70 postpone
The consideration Of the Bankrupt bii ano 'ase "
The bin repeating the Sub Tnasury law. The PIE,
yious auestionD was speedily called, the bill passed.
under IL OPERATION and then we heard The e1uiung
cry I'VE have the President fastened now he can
not veto the Bank bill and slgn the repeal Of the ov
Treasury that will leave the Iuble MONEY uhoef Ms
control and will charge bin with hanhg Ia we"
that object" Well, sir, The Bank ball has been We
toed and III result - as anticipated You now 'sik
abou, union Of purse and sword, decsia sDou
snd the President OF being
ihe cause n state Of things which your legislation
produced, and purposely aimed a..
Think YOU sir, that this shallow barlequiosde THIS
political wire working, will deceive ibe PePe -
Think you that their good sense can be nIoseo upon
by such Juggling snifce7 No, siri your pfe'iy az
fsctaiion Of fear Of power, your wslset deesmaup,
your tinsei talk about pure and SWORD an WI ia''
yon before the keen eye Of an intelligent consoehey
SO much for this charge and really, ST. am iaeu.o
with following the DIiuOus maze Of iDconsisirhe'hh
which gentlemen involve themselves by Their attempts
10 .,reiudice The public mind by allegations and m
situations and presumItiobs against me Exec u,Ns.
have, i brheSe answered me prominent enaise.
made ~ the gentleman from Virginia. shsH MOI
notice lis remarks shout the conversations he mas mao
with the PrerideDt on steamboats, ard al private w
teryews / could make many important de.eloPnens
if would repeat what have h,nld out Of ihis iiouse
But sir ! never refer 10 private CONVERSATIONS.
conrider il improper tending To lower The character
of public debates,
On former occasion, sir, ! took Aone pains
10 portray correctly The principles OF the Wing party
as ayowsd previous 10 the late election Traced ihe
opinions Of General Harrison the subject OF bank
from 1922 10 November, 1888; and ] gave extracts
from his letters circulars and speeches, all gong TO
prove that he considered the question Of the eonsiu-
iionalny 81 a National Bank ss an open question !;
that his convictions were that the establishment
Of bank nsiiutional, unless u was Beces-
sary 10 the collection salek,epng and disbursement
OF The public money y and viii again quote shor,
passage OF his letter TO sbenod Williams, when
speaking Of .. bank
nTbe question then, for me 10 answer H. whether
under the state II elected to the Of
fee Of Presided, would sign act 10 charter ano
thcr bank. answer, would, II it were clearly as
eertansd that the public interest in relation 10 the
collection and disbursement Of the revenue, would
materially suffer without one and there were uncqu
veal manifestations Of public opinion in its favor.
think however, the experiment should he fairly tried
to ascertain whether the financial operations Of the
Government cannot he az well carried on without The
aid Of q National Bank. " il ~ not necessary for
that purpose does not appear to me that one can be
constitutionsily chartered There Is conjunction
qrie can gre The Constitution uiic 1rolid aufho-
rize "a, on ne s-ound Of cGording facilities 10 eon,-
1nerce Tb n.asure, If adopted, must have for it's
object the carrying into effect facilitating, at least,
the exercise of Of the powers positively
granted to the General Government. II others flow
from it, producing equal greater advantages 10 the
nation 40 much the better; but these cannot be made
he ground Jor J ntifying recourse 10 H.
3" The excitement which had been produced by the
bank question the number and responsibility ofhose
who deny the right 10 Congress to charter one strong
ly recommend the course above suggested"
Again, sir. in his Dayton speech, made September
10 1910, he said
My opinion Of the power Of Congress to charter
National Bank remains unchanged. There is not
in the Constitution any express grant Of power for
such purpose and Il could be constitutional TO
exercise that power save IN the event the powers
granted TO Congress could not be carried into effect
without resorting 10 such institution. Mr.. Madi-
son signed the law creating National Bank because
he thought that the OF the country could not
be collected dsbursed TO the best Advantage with
out the nerpositIon Of such cstab lsbmci said
in my letter 10 Sherrod Williams that if il plain
that the ofthe Union could only be collected
and dsbursed in the most effecual way by means Of
bank, and il clearly Of opinion that the majority
of the people Of the United States desired such in
stitution then, and then only ponid sign a bill go
ing 10 charter a bank"
ask SIR the excuse Of the House for again citing
them to these opinions but really there such an
evident attempt to mystify and mIscad the public
mind that think i proper TO place the declarations d
Gen. Harrison, under which he was elected, proml.
nently before the People.
alluded also TO the same expression OF opinion az
having been made hy very many prominent and dis
unguisheJ gentlemen Of the Wing party during the
late contest Since them other evidence has come
10 light, and will give you letter written by Mr.
Ewing, the present Secretary Of the Treasury, and
published previous TO the elerton II goes to prove
that even he did not wish make The question of
bank open issue al the late canvass.
From he Marietta IateHgencer (Hhig) Of July 80
1910.
LANCASTER, July lS, 1910.
My Dear Sir: On my return from Columbus this
evening received your letter informing me that II
asserted at public meeting in w ashington
~ that, in speech at Philadelphia, had said the
true question between the parties Bank OF the
United States, and that you from knowledge of the
real question and OF me, had conladicied the
ton, la tbs, OF course, you were perfectly safe