Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-09-14


and to the country, 10 sustain the fact
this was the cotemporaneous and unani-
nous judgment Of the public. Re
verting back to the period Of the pro-
mitigation Of the Address, could any
other construction have been given 10
IFS language! What is it2 81 shall
promptly give my sanction to any con-
stitutional measure which originating
~ Congress" shall have certain de-
fined objects in view. He comedies
the vital importance of sound circu-
latlng medium 10 industry and to the
public prosperity. He comedies that
its origin must be in Congress. And
TO prevent any inference from the quail
itication, which he pre6xes to the mea-
sure, being interpreted TO mean that a
United States Bank was unconstitu-
tional, he declares that in deciding on
the adaptation of the measure to the
end proposed, and its conformity to
the constitution, he will resort to the
fathers ofthe great Republican school.
And who were they? If the Fathers OF
his country are TO be excluded, are
Madison, (the Fathers of the Constilu-
ton Jefferson, Monroe, Gerry, Gal
latin, and the long list of Republicans
who acted with them not to be regard
ed as among those fathers? But Pre-
sident Tyler declares not only that he
should appeal TO ,hem for advice and
instruction, but TO the light of their
ever glorious EXAMPLE. What ex-
ample? What other meaning could
have been possibly applied to the
phrase, than that he intended TO refer
to what had been done during the adj
miuistraIions Of Jefferson, Madison, land
Monroe.
Entertaining this opinion Of the adj
dress. l came to Washington at the
commencement of the session, with
the most confident and bouyant hopes
that the Wings would be able to car
ry all their prominent measures; and
especially a Bank of the L. :. by
far that one of the greatest immediate
importance. l anticipated nothing
hui cordial cooperation between the
two departments Of Government; and
! reflected with pleasure that | should
find at the head of the Executive
branch, personal and political friend
whom had long and intimately known
aud highly esteemed. 1t will not be
my fault IL our amicable relation;
should unhappily cease, in conse'
quence Of any difference of opinion be-
tween us on this occasion. The Pre-
sident has been always perfectly ia
miliar with my opinion on this Banl
question.
Upon the opening of the session, bu
especially on the receipt OF the plan o
a national bank, as proposed by th'
Secretary Of the Treasury, fears were
excited tina! the President lad besI
misunderstood in bis Address, and
that he had not waived but adhered {,
his constitutional scruples Unde
these circumstances il was hoped tina
by the indulgence of a mutual spirit o
compromise and concession, bank
competent to fulfil the expectations an,
satisfy the wants ofthe people, might b.
established.
Under the influence of that spiri
the Senate and the House, agreed Isl
as TO the name of IN proposed bank
confess sir, that there was somethin
exceedingly outree aud revolting TO m
ears in the term "Fiscal Bank" but
thought, ''What is there in a name?
A rose, by any other name woul
D smell as sweet" Looking therefor,
rather to the utility of the substanti
g faculties than to the name Of the col
i templated institution,we consented
c that which was proposed.
e ?. As TO the place of location
the Bank. Although Washington h:
5 passed through my mind: as amor
al the cities IT might be expedient
Of place the bank, it was believed to |
" the least ilegible of some four or Fl
lie other cities. Nevertheless we conseI
SIS ed to fix it there.
H. And lastly in respect to the branC
er ing power there was not probably 9,
on itary vote given in either house
TO Congress, for the bill that did not gre
o. ly prefer the unqualified branchi
he power, as asserted in the charters
gh the two former Banks Of the Unit
IN, States, to the 10th fundamental CT
oil ditlon, as finally Incorporated in t
CT bill. 1t is perfectly manifest the
lch fore, that il was not in conform
ted with the opinion and wish of majc
hlg ties in Congress, but in friendly s
ev- rit OF concession towards the Presid
pa and his particular friends, that
clause assumed that form. So rep
) IN nant was it TO Some of the best frie
ced of national bank in the other hot
ing that they finally voted against the
Il because it contained that compron
TO Of the branching power.
or Ii is true, that in presenting
Tor compromise TO the Senate, | state
nnd was the fact, that / did not kl
ne whether it would be acceptable to
ans President or not; that according to