Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-09-27

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bank 10 establish agencies in the several States,
with power TO deal in bills Of exchange, without
the assent OF the States, to which you replied,
Yes, ii they be foreign bills, or bills drawn in
one State and payable in another. That is all the
power necessary for transmitting the public funds
and regulating exchanges and the currency
MI. Webster then expressed, in strong terms,
his opinion that such q charter would answer all
Just purposes OF Government and he satisfactory
to the People; aud declared his preference for it
over amy which had been proposed, especially rs
it dispensed with the assent of the Stnes to the
creation of All institution necessary for carrying
on the fiscal operations of Government. lie ex-
anlined it AT some length, both as to its constu-
lonnlity aud its influence on The currency and OK
changes, in oil which views you expressed your
concurrence, desired that such n bill should be in
ttoduced. and especially that it should go into the
hands of some OF your friends. To my inquiry
whether Nr. Sergeant would be agreeable to you
you replied That he would. You especially re-
qnested Mr.. Webster and myself to communicate
with MesSrs I}errien aud Sergeant on the subject,
to whom you said you had promisefito address a
note, but You doubted not that this personal cum
mnnlcaiion would be equally satisfactory. You
desired us, also, in communicating with those
gentemen not To commit personally, lest, this
being recognised your measure, it might lie
made subject of comparison to your prejudice
IN the course OF discussion. Yon and Mr. W eb-
ster then rouversed about the particular wording
ct the 10Th fundamental article, containing The
grant of power to deal in exchanges, and OF The
connexion in which TINT grant should he lnlrodu-
red; You also spoke of The name OF The institn-
ton desiring thai that should be changed. To
this Objected as it would probably be made Il
subject OF rdcule; but you insisted that there
was much in IA NAME and this institution omghl
not To be called bnnk. Mr. Webster undertook
to adapt it III this particular to your wishes. Mr.
Bell then observed TO Mr.. Webster aud myself
xUn h,I To-, tl,,a
Immediately attended to, another bib less accept
able, might he got up aud reported. We replied
that we would lose time. Mr. Webster ac
lcordingy called on Messrs Berren and sergeant
Immediately. and waited on them 10y his appoint
'neh at . o'clock on The sane day, and agreed
upon the principles of the bill in accordance with
your expires 'ed wishes. And | am apprised of
the inci, though it did not occur in my presence,
that after the bill WINS drawn up, and before it was
reported, IL was seen and examined by yourself
iha your attention specially called 10 the 10th
fundamental article: that on full examination you
concUrred III lis provisions: that at the same time
It's name VAS modified to meet your appro.
baton: and the bill was reported and passed, in
ell essential particulars, it was when it came
through your hands.
| You asked Mr.. Webster and myself each to
prepare aud present you an argument touching
the conslitulionality Of the bill I; and before those
arguments could he prepared aud read Ivy you,
yoh US llPuTu HUu DeIleVe, 10 Beffte-
men, nenhers of the House, that you would cut
off your rgh, hand rather than approve it. AZ
ter this new resolution was taken, you asked and
earnestly urged the members OF your Cabinet TO
postpone the bill; bat you would neither give
yourself, nor suffer them TO give, any assurance
OF your future course, in case of such postpone
| meat. Ky some OF US, and was myself one, the
effort was made crafty your wishes, in the on
ly way in which it could he done with propriety /;
That u, 10y obtaining the general concurrence of
the Wing members nf The TWO Houses in the post
ponenlent. IL failed, ms have reason to believe,
because you would give no assurance that the de-
lay was not sought means and occasion for
hostile movements. Turing This season Of deep
feeling and earnest erertion upon part, tohiie
zee oere 2enfously deroiing talents and influence
10 Serre and 10 sustain you the uery secrets Of our
Cabinet councils made their appearance in an inta
nous paper printed in neighbm ing city The col
umns Of ,rhich ,oere diiy charged teh .fattery of
go"se!f and foul abuse Of your Cabinet All this
bore; for felt that my services, so long as they
could avail! were due tn The nation to that great
and nlagnaunous People whose suffiagos elevat-
Ell your Predecessor 10 the station which you now
I'LL, and wluse united voices approved his act
when he summoned us around him, TO be his
councillors: and felt that what was due TO his
memory, to the injnnclions which he left US in his
last d ing wOr,ls, aud TO the people, whose
ants we were, hal not all been performed until
every means was tried, and every hope had fail.
of carrying out the truc principles upon which
the mighty movement was founded that elevated
nm aud you To power
THIS biz. framed aud fashioned according 10 your
oUn Suggestions, in The Initiation OF iohich nnd
| other members of your Cabinet pere made by you
HE agents and he uegofiators, oas passed By large
mGjoriiics through the ttoo Houses Of Congress, ana
sent 10 you. and you rejected H. Important as ads
The pat tohi,h Ihad taken, al your request, an the
'rigination of his bill, and detpty as Was com
nitted far your action upon II, you neuer consulted
ne on The subject ot the Peio message. You dia
MT refar 10 il in Conversation AMI The first
lice had OF lis conten tcas derived from rumor,
And toiue, nj least, you have done noihiug
wipe away The personal lndigniy arising out OF
he act gathered, il is true, from your CONVEX
sation shortly after tn. hill had passed the House
that you had strong purpose 10 reject 1t bui
nothing was said like soieniDg or apology to me
either IN reference TO myself or to those with
whom had communicated at your request, AMI
who had acted themselves and induced the iva
Houses to ac upon the luiIh CT THAI rornrnunira
ton. And strange rs it may seem, the Veto mes
-nge attacks in an especial manner the very pro-
visions which were inserted al your request and
even the name of the corporation, which was no,
only agreed To Ivy you, but especially changed To
meet your expressed wishes, is made the sul,jecl
of your criticism. Different men might view this
ansacion in different points Of light, but, under
these circumstances, as matter Of personal hon
or il would be hard for to remain of your
counsel, To seu my lips and leave unexplained aud
nndscOsed where lies in this transaction the de
parture fion straight iorwarness and candor.
So far indeed from admitting the encouragement
which you gave TO this bill in it's inception, and
explaining and exrusing your sudden and yiolen
hostility towards it, You throw into your Veto
message an nterrogatory, equivalent 10 an asse.
lion, that ii was such bill as you had already de-
clared could not receive your sanc,ion. Such is
effect o( the fir
on the second page Ii has all The force of an as
sertion without its open fairness. have met and
reluted this, the necessary inference from your
language, m my preceding statement, the correct
ness of which you, AIN sure, will not call in
question.
Your veto of the first bill you rested on the
constitutional ground aud the high convictions Of
l.ala