Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-07-31

sr--s''r'~---><.-A<--.--1a-
snaohsh an once Of dscount and aepssits Ia an,
STATE without tho previous ssAenl OF it,
: out then, we think IL but right aud tea.onah +. a,
require that the State should signify its pleasure m
some specified time, and in some praeticsbl, mode
7 Accordingly, the amendment, which recosn,.e. IA,
,eht Oi the State To pcvont the introduction of
branch wthin IT, asks that this right should be eyer
cisco NJ some time during the period OF the FIST ;,
sion OF the Legislature aer the passage of this act
and requires that its dissent IL i, be oppoxed 10 tbS
introduction OF the branch. should be announced an
unequlvocal and unconditional terms ISit unius,
or improper, when, conced'ng to the State such a
power the amendment requires that il should bc ex-
ctelscu within reasonable tnie1 without such 1,
limitation, the question Of the establishment, n,
branches within the States might be an asit,,in.
question during the whole period of the twenty
years OF the existence OF the charter. With il. the
question must be dUhnitiYey settled i'm less Than !,
year from this time. Is 1t great and sui iic;cnt
CONCESSION from those who do not think thai any
Nso"t OF the St'tes Is necessary, to admit that
to'y one oil the twenty SIX States may prevent
'he introduction at a branch within IL upon two
conditions; let. That they diSScnt; and 2Ily dis
sent during the period OF the FIST session of their
respective Le:'saIuccsl Will any ono say that an,
= question should Temhin an open and disturbing
question Tor the long space ui twenty. yeaTsl Is n
at all unreasonable To require that Il should he sell
Ted within the period-which varies from Two In
SIX monthS-ot the first session OF the Lcsislauir,l
IL may he objected ia the amendment preSumes
assent, the Legislature silent, or does not
assent Internationally, or dissent. But is i, mn.
saoI 10 inler assent from S.ence2 l. Il unrc,S,no
bic to suppose that, II State Cannot bring itself 10
dissent 10 the introduction of a branch the in,,oJ,c
Ton OF n branch within its limits cannot be any
very calamtous EVENT. 10y
According To the amendment there are four c,,,s
~ wnien oihees Of discount ano deposte may be
"a L Is. where legislature, whose citi.
"here any State HsSents. Sd. Where the 6rs,
session oi the legislature after the passage of tb,s
sn,'l nave expired without it's declaring uneon-
u"Iona'iy It's assent or its dissent And III H.
any Stale Whatever whether il has di.sen,ed o.,
""hln whose limits II may be necessary mi No
p'r 10 establish branch to carry into ,fFcc ,, C
tne powers granted by the Constitution. nnJ c.
ss.;J -, iuue II to be established. IL may be
suu '"'' Shs iour'h case nsseus the power and 80
0CSh.Ses tho right IN Congress to establish h,.L
whenever 1t thinks proper TO accomplish tho ,r,,.
vi any OF The grated powers of the Cons,i,d,,o,
a"u SO " zoos; but II asserts the mower in tic H.,
suase of the Constitution. II IN. Co,s,,,,,,; I
granted the power, 1t asserts the power. n :, -
Uthled the power, II does not assert the pa,ssr w
1',.,h u mas granted the power; add in using i,s
p,nsuaSe, We mean distinctly to asser, the nv
nut ulose who do not think i, grants IN, r,,.,t -
nevertheless, well consent tn the use M III, -
sudSe employed. IL proposes no inme1;,,a -, ,''''
D,,, wy power 20 establish branches. That i mo,
~ necessary IL provides forit continpentlv. ~
"hen Tue question of ESTABLISHING otg;rc, ,,, III,
'es III congress, every one may interDr,t III
'ause IN The amendment according to his cnrs.i
us .on'I'.oh'' without the insertion of I'M,
NN 49, 81
Cohstess TO establish branches il A Stat, d,s..,,J
C1nstess could not enforce on the b nix the estnL
'Shment OF branch within the limits oC tbs IL.
"'''s S'i'e' however urgent the nece si,y WILTON,
:" cNPt'ss reseivn ION Of such right sinr. ,I,c,
'ranIng charter, Congress could no, It ,, 80
'netous conditions toIt NN ''" anu
-" nat Will 6c the practical operation of III. =,
"e"uWehN l nc bank canno. be o-yan:zed q, a.
" commence business, beUTe the Isl of I,,r,r,,
TEX. Ai;er II is organized IL Will r,o,,i,r go 'l
" 'hree mohihs % make the necessary pr.I,,r;,,,,
" Pr'u"hs, to put the branches into operat,oS
'iahy, u not most, oil the State Lrsis aturSs he,,n
ner next sessions on the first Monday in prccp,T.,
'sA'. nc session OF the greater number of tbess
VIII nave terminated before the bank i.r,,d, D., IA,
'tS us branches Most Of the State IesiSl,,u,cs
Su' probably readily ard unconi tona' Iy assent 10
80 TSs'uS"'eh' oil branches within their respec
I've UNITS Few, II any, OF those who d,, moi ~
,reSsy assent viii dissent; so that hy the lin. tho,
nc u'nk Is prepared TO plant ITS branches most Of
nc states wan either have expressly assenfed IN
uSI es'aO >hment, or by their silence have author.
HII an IMPLIED assent II there should lc so,,c
ai dozen States that expressly dissent tb,t tsc,
" Uol ~ al impair the uti lily OF this national in
''lton For If IN the large commercial NJ
nc AtanUc states, anG II at Cin,Innati and LOUIS
nue. or Lexington, IN the Interior branche. lao &C.
aoshed, al the national purposss of tbe ,os,;,,,
ION may lie fully accomplished.
mus, hr President, may this indispcrsifl, m,
ionai agent be put Inlo complete operation by Mach
" Apri', at the iurthts'. whereas II il bc rn, -.
GOlislIed a. this session, and can be nj tb, nv,
YOU'D probably be next fail twelve month befors
ne nation can realize the benefits anucipated from,
| bank of tue United States
these are the views, sir, tsaii MIR CO. which he
lad tnken OF this deeply interesting question. Uo
'e"eVed e shared them with those friends WIN
ave hitherto acted with him. We CONSIDER
mar we nave made great sacrifice OF our own
.shcs ana preferences IN conserving TO the propos
q modification Of the branching power. RI, ,b,s
'seh made Tor our country and our friends, And
lie atdenIIy hoped that there would be a lust an
'reclation OF the concession, and the spirit of tie
oIcession' now proposed; that it would be met
lere and elsewhere by a corresponding Tr;ond,,,
pir'; and that the whole nation might reioir. IN
'aV'ng once more restored to It the Inestim,bIr
'enrh.s ola sound currency, regulated excha,oe,.
eS'Ved business, aud restored prosperity.