Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-10-02

relieve the county, You then said, Cannot
| my Cabinet see that this is brought about? You
must stand by me in this emergency. Cannot
you see that bill passes Congress such as | can
approve without inconsistency? | declared
again my belief that such a bill might be passed.
| And you then said 10 me, what do you under.
stand TO be my opinions? State them, so that
may see that there is no Misrepresentation about
Them
then said understood you TO be Of the opin.
ion that Congress might charter bank in the Dis.
trct Of Columbia giving it its location here
To this you sssened. That they might author.
ize such bank TO establish Offices 0! discount
and depose in the several States with the assent
Of the States. To this you replied, Don't name
discounts: they have been the source Of the most
abominable corruptions, and are wholly unneces.
sary to enable the the bank 10 discharge its duties
to the country and the Government
| observed in reply that was proposing no.
thing, but simply endeavoring TO state what had
understood 10 be your opinion as 10 the powers
which Congress might constutionaly confer on
a bank; that on that point stood corrected.
then proceeded to say that understood you TO be
Of opinion that Congress might authorize such
bank 10 establish agencies in the several States,
with power to deal in bills Of exchange, without
the assent af the States, to which you replied,
Yes, If they be foreign bills, or bills drawn in
one State and payable in another. This is all
the power necessary for transmitting the public
funds and regulating exchanges and the curren.
cy.'
Mr.. WEBSTER then expressed, in strong terms,
his opinion that such charter would answer all
just purposes OF Government and he satisfactory
to the People; and declared his preference Tor it
over any which had been proposed, especially as
it dispensed with the assent OF the States to the
creation Of an institution necessary for carrying
on the fiscal operations of Government. He ex.
amined it at some length, both as to its constitu
,ionaly and influence on the currency and ex
changes, in all which views you expressed your
concurrence desired that such bill should be
introduced, and especially that it should go into
the hands Of some of your friends. To my n.
quiry whether Mr.. Sergeant would he agreeable to
you. you replied that he would. You especially
requested Mr.. Webster and myself TO commu.
nicate with MeSsrs. Berripn and Sergeant on the
subject, to whom you said you had promised to
address note, but you doubted not that this per.
sonal communication would be equally satslac
tory. You desired us, also. in communicating
x
ally, lest this being recognised as your measure,
it might be made subject of comparison to
your prejudice in The course Of discussion. You
and Mr.. Webster then conversed about the par
tculnr wording of the 10th fundamental article,
containing the giant Of power to deal in exchan
ges. and OF the connexinn in which that grant
should be introduced; you also spoke of the
name Of The institution desiring that that should
be changed. To this objected, as it would
probably be made a iect OF lidicue, but you
insisted that there was much in name, and this
institution ought not 10 he called bank. Mr.
Webster undertook to adapt it in this particular
10 your wishes Mr.. Bell then observed to Mr.
Webster and myself that we had no time 10 lose:
that If this were not Immediately attended 10,
another bill, less acceptable, might be got up
and reported. We replied that we should lose
no time. Mr.. Webster accordingly called on
Messrs. Berrien and Sergeant Immediately. and
| waited on then, by his appointment at five
o'clock on the same day, and agreed upon the
| expressed wishes. And am apprsed OF the
fact, though it did not occur in my presence, that
after the bill was drawn up, and before it was
reported it was seen and examined BY YOURSELF
that your attention was specially called to the
ton you concurred in its provisions: that at the
same time its name was so modified as 10 NEE!
your appreciation: and the bill was reported and
passed, in all essential particulars, as it was
when it came through your hands
You asked Mr.. Webster and myself to
prepare and present you an argument
touching the constitutionalty of the bill;
and before those arguments could be pre-
pared and read by you, you declared, as ]
heard and believed, to gentlemen, members
of the House, that you would cut off your
right hand rather than approve it. After
this new resolution was taken, you asked
and earnestly urged the members of your
Cabinet to postpone the bill; but you would
neither give yourself. nor suffer them to
give, any assurance Of your future course.
in case of such postponement. By some
of US, and myself was one, the effort
was made to crafty your wishes in the on
ly way in which it could be done with
propriety: that is, by obtaining the general
concurrence Of the two Wing members of
the Houses in The postpunement. 1t failed
as have reason to believe, because you
would give no assurance that the delay was
not sought as means and occasion for hos
tile movements. Daring this season OF
deep feeling and earnest eXertion upon our
part, while we were zealously devoting ouI
!, talents and influence to serve and to sustain
you, the very secrets of our Cabinet coun.
ellis made their appearance in an infamou;
: paper printed in neighborlng city, the
columns of which were daily charged witt
&,