Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-10-09

,Ion to see the President again. no requested M
ID furnish h,m with such information as the War
Department afforded of the embSrraSsmcnts at.
lending the transfer and Disbursements VI The /
public icVenue 10 dl.,ant points on tho frontier. l
ia Florida, &c lie a; the same time requested
me to draw up a brief statement OF my views .
upon The subject, showing the practical advan,a
ges aud necessity of such fiscal Institution as
he had thought ofpropo,iug. Sucn Attenuation |
a. could hastily collect from the heads of the \
prncips dlsbur,ing bureaus Of the Department, |
| handed 10 han on the evening OF >umc day, !
knowing that ,ime Wa a lie mos imporlauee |
Ia the state IN which the question hon was. lie
received he statements gave HIM with manifest
indifference, and alarmed me 10y remarkng Iha;
be began to doubt Nheiher he would give his as
sent as understood hml to any 5aak.
The next day "Wednesday. 18th August was
tho slated timo for the weekly meS,luI of tho
Cabinet with tho PresidonL Mr. Webster Mr..
Ewing, and myself, went At ten &C ock ~ The
morning aud were lnfTm,d that the Presdenl
Vas engaged with Messrs Berrien. Sergeant aud
think, Mr.. Dawson Of Georgia. We waited
until they retired and the Presdcn, made hls ap'
pearauco abou, three quarters OF an hour Otlcr'
wards, Mr. Badger, came IN soon aler the
President loued Us, Messrs Crit eodgn and
Changer id not attend. The conlertne which
cnsucd Was long one-Ias,iug Two ho1rs
~ least, according ,n my recollection. cannot
pretend 10 detail ali taa, was sand, uet e. can
uudert'hc to give the language employed by The
President upon every point nor o. TIA, members Ut
the tabmct. can only state The substance Of
what was said apon those points wbtea most at
trcted my attention..
The President commenced by stating that he
had been waited upon thu morning by commit
tee Of Members Of Congress, who desired 10
know his views on the subject OF bank such u
one as he could sanction. He had gwen them
no satisfaction upon that Sub.cct. bat had inform,
cd them that hc would frs consult with hs
constitutional advisers --hs Cabinet through
whom he thought II most regular that hs views
should be Communicated He asked the opinion
Of hs cabinet upon the correctness OF the & ound be
had token; marking at the same TINE, that tIe
/ habit OF expressing hts views To Members Con-
gress upon subjects OF - mach interest sub
d lc0led hm TO great embarrassment aud much ms
! representations lha question being disposed OF,
the Prc,Ideu, advcrted briefly, but without much
cuuncNlon, to he relation IN which he stood to
| he Bank question, sud his disposition TO - ~ lAr
a, he could To comply wh the wishes III his friends
! lie spoke Of Tie relation that existed between hu
aud his Cabinet, aud how necessary # was HAT lc
/ Should have their support " uud they stand b,
! bm. lie much pref rrcd HAT the whole subJrc
| should he postponed UNI The next SESSION, bit III
was necessary 10 act nov, he thoughl pan mlgh
be devised which. with hctr co-opcrauon might b'
| carried through. He wondered why the Donate
continued "a postpone acting upon his Veto Mes
slge, which was yet 10 be disposed M, tie sop
posed II might be TO hold 1t as rod over his head
and tad some doubts N,hclher II was proper thai h
~on,d consider further upon the subject until IL,
Senate had decided what tkry wnuld do wilh ht
bII then before them. Some one pr Sent ASSURE
hjm that lhc postpoucmcnl of the question pend
| ing IN the senate was intended to give time Tor re
ll-Ctun, aud l0preycnt debate
Tile President then gave the outline of such a
bank or fiscal institution as he thou pht he coult
SANCTION II was To be 10 the Dslr ct OF { oium
| bla to have the privilege 81 ISSUING s own notes
receive moneys un deposilc, aud 10 deal 10 bill, 0
exchange between the States and between the I'm
ted States and foreign States. But be WISHED l.
have the opinion Of his cabinet upon it, HIS eva
consistency and reputation mist be looked t". he
considered lis Cabinet his friends, who must stan,
by and defend whatever lie Did upon the SUBJECT -
He appealed particularly to Mr.. Webster tur hi
opinion upon the point Of consistency and whclhc
| there was not clear distinction between The ok
| Bank of the United SlslCs--H bank OF discount 1nt
deposltc and the onc he now thought ol proposing
and whether the constitutions question was 10
different He rem ndcd rs hat IA ali hn lurmer
speeches and reports he tad laken the ground lha
Congress has no constitutional power to charter
bank which, had tie power Of ioc. discount, Mr.
Webster ppntedout the distinction between the lw'
plans ina manner which appeared 10 be sdlisidcto
ry 10 HIM.
The substance Of what he SAID was, ms under
stood him, as follows; lie had decided prefer
encc Tor bank upon he plan then proposed owe
slher Of those when had been previously spohet
a. he reminded the President that he had *
pressed BIS preference fora bank which shoul,
be restricted IN rs dealings 20 bids Of exchange
when CERTAIN gentlemen from the city OF ~ iorE
we're present several weeks before. lie lhe'
thought, a. he did now, II al It would answer al
useful purposes. One ground 81 tbs preference
wa-, add It had great weight with hm iha' the
plan did not contemplate The consent OF the State
as IN any way o. at any time, necessary to III
c1srncc q efficiency, He thought the pIar
propo.,d 81 The cumWegcem'ut 81 me session
generally known as Nh Ewlop'~ bill, as mcon
grauu. aud objectionable on Jbr. g,ound. lie
.euea course ol thinking on such subjects Itt
him TO prefer that, whatever power 'ns Govern
rnenl asserted, OF WIS aulhauZcd 10 a,s'lt, should
be exercised independently Of STATE ouhnny
aud u the interference Of thr States. lie III Ugh
ther, could be no doubt Of the constitutional
power H. charter such bank vas tUcn pro.
posed. according 10 the Prs,.denfo own modes d
thinking upou that subject, Il be- understood them.
Certainly there was clear distinction between
.uch bank and he late Bauk Of the ,htC
States. The one low proposed vas to De lma
ed IN n- operations to .ucb obec,s a. wer,
clearly within some Of the genela provision, o.
III Constitution, OF such as we've clearly nece,.