Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-09-18


paramount authority. L
The President seems TO have regarded {
as Objectionable that provision in the clause
which declares that a branch being once
established, it should not afterwards be
Withdrawn or removed without the pre-
vious consent Of Congress. That provision
was intended to operate both upon the
| bank and the States. And, considering
| the changes and fluctuations in public SEN
timent in some of the States within the
! last few years, was the security against
them to be found in that provision unreal
sonable? One Legislature might invite
branch, which the next might attempt, by |
penal or other legislation, to drive away |
We have had such examples heretofore;
and ] cannot think that it was unwisc to
profit by experience. Besides. an exactly |
similar provision was contained in the
scheme of bank which was reported by !
the Secretary of the Treasury, and TO
which it was understood the President
had given his assent. But if understand
this message, that scheme could rot have
obtained his sanction if Congress had
passed it without any alteration whatever.
1t authorized what is termed bV the presi-
dent local discounts, and he does not be-
ievc the Constitution coulcrs on Congress
power to establish bank having that IA
cility. He says. indeed Il regard the bill
"as asserting fer Congress the right to in
corporate L. S. Bank with power and
fright to establish offices of discount and
"dcpo5itc in the several States of this
Union, with or without their consent; a
"principle to which | have always hereto
: "fore been opposed, and which can never
"obtain my sanction" pass with pleasure
from this painful theme; deeply rcgretting
that | have been constrained so long to
dwell on it,
But what further shall we do? Never
since | have enjoyed the honor of partic-
pating in the public councils of the ma
tion-a period now of near thirty-five
: years-have | met Congress under more
+ happy or more favorable auspices. Never
e have | seen q House of Representatives
e animated by more patriotic dispositions
e more united, more determined, more bust
e ncss-likc. Not even that House which de-
. clarcd war in 1912; not that which in
t lSl5-16 laid broad and deep foundations
Of national prosperity. in adequate pro-
: visions for a sound currency, by the es-
t adjustment of Bank of the United
+ States. for the payment of the national debt
and for the protection of American indus
try. This House has solved the problem
Of the competency of a large dclibcrative
body to transact the public business. If
f happily there had existed a concurrence
of opinion and cordial corporation be-
; tween the different departments of the
Government and all members of the party,
, we should have carried every measure con-
: templatCd at the extra session which the
People had a right TO expect from our
: pledges, and should have been. by this time,
at our respective homes. We are dsap-
pointed in the one, and an important one
of that series Of measures; but shall we
therefore despair? Shall we abandon our
selves to unworthy feelings and senti-
ments! Shall we allow ourselves to be
transported by rash and Incorporate pas
sions and counses? Shall we adjourn and
90 home in disgust! No! No! No! A
higher, noblcr, and more patriotic career
lies before us. Let us here, at the east
end of the Pennsylvania avenue, do our
duty, our whole duty, and nothing short of
or duty. towards our common country.
= We have repealed the sub-Trcasury. We
have passed Bankrupt law, beneticent
measure Of substantial and extensive re-
lief. Lctus now pass the bill for the dis,
tribution Of the proceeds Of the public
5 lands; the Revenue bill, and the bill for
the benefit of the oppressed people Of this
/ District. Let us do alI--lct us do every
; thing we can for the public good. If we
are finally to be disappointed in our hopes
Of giving to the country a Bank which
will once more supply it with a sound cur
: rcncy, still let US go home and tell our con-
: stituen,s that we did all that we could
under the actual circumstances: and that
il we did not carry every measure for
: their relief 1t was only because to 90 50
. was impossible.
If nothing can be done at this extra scs-
sion to put upon more stable and salts
= factory basis the currency and exchanges
= Of the country, let us hope that hereafter
! some way will be found to accomplish that
: most desirable object, either by an amend
, mcnt of the Constitution limiting and
: qualifying the enormous Executive power.
, and especially the veto, or by incScascd
maorities in the two houses of Congress
competent to the passage Of wise and salu-
tary laws, the Presidents objections not
withslandiA@.
This seems to ME to be the course now
incumbent upon rs to pursue; and. by con-
, forming to il. whatever may be the result
| Of laudabie cndcayors now in progress or
r in contemplation in relation to new al
tempt to establish a Bank, we shall go