The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-07-20
FOR THE MADIsoNiAN.


M. Clay says ia competent to Grea, Britain, if
she pleases, to admit branch Of United States Bank
within her limits. He admits it would be an analo-
gous case TO the admission of such branch by a
State" He indirectly ssseris that the emgrant
branch" might be dealt with by the Parliament as it
pleased. Gould It in good faith and common hon
esty be dealt with otherwise than conformaby to the
terms on which it had been admittedly He then ex-
tends and applies the assertion to branch admitted
into of these States, thus The branch, located
within the State by the Of the State to all in
tents and purposes would be local institution, gov
erned by the local laws" He then speaks Of uncon-
diiional and conditional admissions
Now, submit to the enlightened whether the OBJ
yious answer in defence Of the Secrearys scheme
all that, is not this The law creating the Bank, to
dwell in the place Of ts erection must in some mea
sure to extent be the law 10 govern the branches
Thu. is absolutely and unalteraby true is tina:
the limbs Of tree derive their health and vigor lhro
the trunk from its roots. Were it otherwise the in.
sttuion in the State would be the creature of the
State--the substantive emanalon Of the Legislative
power Of tho State and no, the creature Of Fedora
power-in other words, mere State Bank, and moi
the branch of Federal Bank.
The scheme of the Secretary is, that the institution
in the State is to be branch of the Bank established
by federal power in the District Of Columbia. The
law creating and defining its faculties, is to some
extent 10 be The law governing the branches admitted
into the States The exterior action Of the District Bank
by means OF its branches To the full extent of the Go
vernment of the branches, by the law creating il,
would be the result of federal power. Whether such
an institution, with branches introduced into the
States, with the of their legislatures would
be efficient The institution planting it-
branches in the States without their consent, would
depend entirely the extent TO which the State, adj
hitting the branch should by the of its admis-
sion, impair the faculties naturally resulting from the
law creating the Bank in the District Should State
in admitting branch, SO impair the faculties resulting
to II in The usual things defeat the OBJ
ect of the federal power in creating the parent Bank
it would amount refusal TO admit IT. for of course
the branch would not be planted Should the branch
be admitted terms which il could be fully eff
cent in accomplishing the object /" il would not, to all
intents and purposes"-it would to intent pur-
pose" be local institution, governed by the local
laws" 1t would be branch of the Bank created by
federal power and governed by the law creating it,
with the consent of the State
Should not Mr.. Clay and the advocates Of the in
exorable power create an old fashioned Bank do
well to consider that State will be less apt resist
the planting of branch wlthin her borders, without
her consent and against her will, than she would be
to admit one on terms that would defeat its object
If the branches may be expected to be admitted on
terms enabling them to be efficient Mr. Clay and
his friends reasonably desire or insist more
PuBLIus.