Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-08-28

Bank in 1871, was defeated by the casting
vote of George Clinton. The remarks adj
dressed to the Senate by him on that occa-
sion were prepared, it is said, by distln-
guished member of the present Senate, who
took prominent part against the bill in
the debates at that time Mr. Clinton said
among other things, 'In the course of a
long life, have found that Government is
not to be strengthened by an assumption
of doubtful powers, but by a wise and en-
ergetic execution of those which are in
contestible."
The charter of the Bank Of 1915 passed
Congress on the Goth of January, and was
uetoed by President Madison on the Both of
the same month.
The charter of the Bank of 1916 passed
Congress on the 9Th of April, and was APP
proved by the President on the 10th of the
same month.
The bill to renew the charter of the same
Bank was presented to President Jackson
on the 4th of July, 1882, and was uetoed by
him on the 10th of the same month.
While the charter of 1901 was before
President Washington for consideration, he
required the opinions in writing of his At
torney General, Mr.. Rannolph; of the Sc
cretary of State, Mr.. Jefferson; and both
reporting the act to be unconstitutional,
the President called for the opinion of the
Secretary of the Treasury, Mr.. Hamilton.
| This was adverse to the first two, and con-
tributed to induce the President to sign the
bill.
Mr.. Jetfersons opinion was concluded
with the following paragraphs relative to
the veto power:
1.-The negative of the President is the shield
provided by the Constitution TO protect against
the invasion of the LEGISLATURE 1st. The rights
of the executive g or the Judiciary. Sd.
OF the States and State Legislatures. The pre-.
sent is the case Of right remaining exclusively
with the State, and is consequently, one Of those
intended by the Constitution to be placed under
his protection.
at must be added however, that unless the
Presidents mind on a view OF every thing,
which is urged for and against this bill, is tolera.
bly, clear that it is unauthorized by the Constitu.
ton; if the pro and the con hang so even as 10
balance his judgment, just respect for the wis
dom of the Legislature, would naturally decide
the balance in favor Of their opinion; it is chief
: y for cases, where they are clearly misled by
error, ambition, or interest, that the Constitution
has placed check in the negative Of the Pres
!, ident,"
The charter of the Fiscal Bank which
passed Congress on the 9Th inst. was pre-
sented to President Tyler on Saturday, the
18th, at about l o'clock p. M.
The latest expressions of Mr.. Tyler's
views in regard 10 a National Bank, are
contained in letter written last October
in reply to interrogatories put him by sun
dry voters Of Henrico, Virginia, during
the canvass for Electors of President and
Vice President of the U. S. The portion
of the letter we allude to was as follows:
"In reply to the first branch of your inquiry
n quote and adopt the language of Gen. Harrison
in the speech at Dayton: There is not in the
Constitution any express grant Of power for such
purpose and it could never be constitutional to
exercise that power, save in the event the pow
ers granted to Congress could not be carried into
effect without resorting to such an institution. -
The latter branch Of your inquiry is fully an
swered by my answer to the first part. The
Constitution conlers on Congress in express
terms, 'all powers which are necessary and prop
err to carry into effect the granted powers. Now
| if the powers granted could not be carried into
effect without Incorporating Bank, then it be.
comes necessary and proper, and of course ex,
pedient-a conclusion which presume no one
would deny who desired TO see the existence OF
the Government preserved, and kept benfcially
in operation. Whether | would or would not
exert the rcto, it will be time enough for me to
say when am either a candidate for, or an ex.
pecant Of the Presidential offce-neither Of
which expect ever to be. If your question had
been so varied as to have inquired Of me what
course would pursue if elevated to the Vice
Presidency, and should be called upon TO vote
upon bill for the incorporation Of Bank, you
should have had direct and emphatic answer.
As it is, have only to refer you to my speech de-
livered in the House of Representatives of the
United States in 1919, on the question Of issuing
a scire Gacas against the Bank, and my vote
given in the Senate Of the United States in 1882
on the question of re-chartering the late Bank. "
The speech of 1919, referred to in the
above extract, may be found in the Nation
al Inteligencer of the 9th Of April of that
year. The following is specimen of it:
"For, sir, nasmuch as believe the creation oil
this corporation to be unconstitutional, | cannot,
without violation Of my oath, hesitate to repair
the breach thus made in the Constitution, when
an opportunity presents itself Of doing SO with
out violating the public faith.
The vote in the Senate, alluded to, was
was given by Mr.. Tyler in opposition to
the proposed renewal of the charter of the
late Bank of the United States.
President Tyler, in his message to Con.