The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-10-05

Below will be found letter from Mr.. Badg
or, late Secretary of the Navy, showing the
motives OF his resignation of that office.
National InteUgencer.
MEssRs. GALES & SEAToN-I deem it prop
err TO offer public explanation of sone Of the
reasons which led 10 my resis nation. on the
llth instant, of the office of Secretary OF the
Navy. and for that purpose ask small space
in the National Inteligenccr.
AT Cabinet meeting held on the 18th Aug.
las, (lhe Attorney General and the Postmas-
ter General being absent) the subject of an
Exchange Bank, or institution, was Brought
forward by the President himself, and was full
y considered. Into the particulars Of what
passed do not propose now to enter. 1t will
be sufficient 10 say that 1t was then distinctly
stated and understood, that such an institution
met the appreciation of the President. and was
deemed by him free of constitutional objections:
that he desired IF Congress should deemed it
necessary TO act upon the subject during the
SESSION. that such an institution should be a
dopted by that body, and that the members of
his cabinet should aid in bringing about that
result and Messrs Webster and Ewing we're
specially requested by the President 10 have
communication on the subject with certain
members of Congress. The institution then
spoken Of was TO be located in the District of
Columbia to be authorized to establish agen-
cies in the States aud Territories with power
to deal in bills of exchange between The United
States and Foreign countries, and in bills of
exchange drawn in one state or territory and
PAYABLE il another state or territory; and the
exercise of this power was not 10 depend on
any assent, expressed or implied. of the states
within which such agencies might be establish
ed.
In consequence of what passed al this meet
ing saw such friends in Congress as deemed
it proper to approach, and urged upon them the
passage Of bill 10 establish such an ins,tu-
ton, assuring them that did not doubt it would
receive the appreciation of the President.
The bill passed, as the public know, and was
me, by the Veto. Now. if the President, at
the meeting of the 18Th of August, had changed
his mind as TO the constitutional power of Con-
cress and had come TO doubt or deny what he
had admitted in that meeting (Which is the most
favorable CONSTRUCTION thai can be put upon his
conducI it was, in my opinion aPlan duty on
his part to have made known 10 the genile-
men concerned this change of seniiment-to
have offered them an apology tor inc unPleas
ant situation in which they were placed by his
agency or at least to have softened, by full
exclamation of his motives, his intended Veto
of q measure, in promoting the success ofwhich
they, at his request, had rendered their assist
ance.
But this the President did not do. Never,
from the moment of my leaving his house on
the 18th, did he open his lips 10 ME on the sub
iect Ii was only from newspapers, from ru
NOR, from hearsay, learned that he had deni-
ed the constitutionality of the proposed instiiu.
ton, and had made The most solemn asse-va-
lions that he would never approve measure
which knew had been suggested BY himself,
and which had been at his own instance, intro.
duced into Congress. 1t was still 10 the Pres.
idenl's power, by proper statement in the