The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-09-11
PIIOCION
MR.. VAN BUREN'S OPINION OF THE
VETO.
GENTLEMEN
KlNpERHooK. Sent. 4. IS4I

kiNDERHooK. Sent. a. lS4l.
have received with much satisfaction your letter
communicating to me, by the direction of Democra-
tic convention held in the OH Ward of the city of
New York Copy of its proceedings, in which the
conduct of Mr. Tyler, in placing his veto the Fis-
cal Bank BILL highly approved, and the repeal ofthe
Independent Treasury system decidedly condemned.
The compliment paid to Mr. Tyler by the Conven-
ton for what he has already done was well deserved
| and it. there to be good reason to hope, he
shall complete the work wisely begun, by dsap-
proving the bill for the creation of Fiscal Corpora
ton he will be entitled to the thanks of the county
No one can fail to that the provisions of the
charter not only in all respects objectiona
Bile as those of the former but have in addition been
made to assume a form infinitely more offensive to
sincere States Rights man. That the institution pro
pos d to be established by the first bill would have
been a corporation, much that embraced in
the second is certain. Why, then it may be asked,
the name changed from . Fiscal Bank to
g Fiscal Corporation if it not TO meet the Con-
sttutiona question fully in the face, and to
in broader and less equvocal terms the general
authority of Congress to establish corporations with
power To operate IN the States
grant of power to Congress to establish Corpora
TONS was well known, in express terms refused
by the Convention and the absence of such power
distinctly urged by Mr.. Jefferson the prom
ncnt ground of his opposition TO the establishment OF
the first bank. To meet the otherwise unanswerable
argument founded upon the recorded fact OF the retu
sal OF the Convention grant this power IT was urged
by the Federal school that in constituting the Constr
tuition they not to be controlled 10y the intention
of the Convention which framed and the people who
adopted it, but were full liberty to put upon il any
Interpretation which the words of the instrument
would in their opinion, justify. A better device to
strengthen this hcresy anti republican in Its cha
raceT and so destructive of the just rights of the peo
pie, could not well have been conceived than that
which be found in the phraseology of the second
bill
1t would doubtless have been eminently advantage
the there had also been concurrence
of sentiment between the Chief Magistrate and your
Convention in respect to the Independent Treasury,
and other important measures which have been acted
upon by the two Houses at the present session But
Fin expressing their appreciation of the good which he
has done, and in regarding with indulgence his CON
duct upon p-nts in relation 10 which the Convention
differs from him. its members have only given effect to
the principles by which the Democracy of the United
States have ever been governed Every public ser
want whose intentions pure can always rely upon
receiving at their hands respect for his motives and
lust credit for his acts whatever may he the character
of their political relations with him. and however
much they may differ from him in other respects
| For the avowal of APPRECIATION, Iespeci and regard
which you have communicated TO me in behalf oil the
Convention, return my sincere Acknowledgements,
and am gentlemen, with unfeigned thanks tor the
friendly spirit in W hch in which you have discharged
the duty assigned YOU very sincerely your friend and
obedient servant
M. VAN buren,.
D.. l.rt AL EDtt u n