Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-10-02
VETO NUNBER H.

Banks, with which Federalism OF a,e has been !
teeming, having Travelled alfssdy with tao m'srF'
able a5of;.ou, A. the very moment that ONE I
MONSTERS ia the act 81 expiring, having afflicted /
the country DUNG quarter OF a ccututy-Poi- /
soung lie moral, aud politics, aud destroying /
The prosper,,, and h5pp1c,s Of the Onon, ll GER +
,aIh oynoes desperate bodne,s n tae class /
who have rIoted IN the power Of HI sreat op /
pr,ssor, TO urge the people instantly 70 bow the /
neck to receive the yoke again. but ,his extra !
ordinary session OF Bauk-rtlurued Congress, !
obtaining power by DENYING the ebcct ior which I,
It vas sought, not content with the first refusal of
the PreSdont--wbon they presented 20 The na.
ton as one who would save 1t from u National
Bank to violate hls pledges, his oath, ard HIS
con, cleuce, To compass then hitherto well DIS
cuiscd do,,gos; make a second attempt upon
mm, and ak h m to torn back The current Of his
whole public caIeef--feeoll rom every principle
. he has ever proiesstd-rtnouuce his political
faith, and give TO oil his previous acts, as states
man. the aspect of Oriul demonstrations TO Sc.
cure tie elevation which would cn,ble Lim to pull
down all that he proicssed to be his duty To
! build up. But more: IN demanding hls sigma.
tute to the new chatter, he Is required to iorswear
Q
/ Of that recent solemn act, IN which he saws he
would ioe It to be perjury 10 subscribe his name
to National Bank charter. The Argument Of the
Neto message, gwen 10 our columns, shows how
lI;lo care Federalism has thought ut to lesow IN
Disgusting the new scheme, conInvod to draw the
President into the shame OF betraylng himself, his
ayowed principles, aud the Constitution. he
letter of the late Pieslitut Van Buren,, which we
annex makes 1t still more manifest than the veto
Itself, thtt IN changing the name of The National
banking machinery proposed, to that Of "corTora
Gon,' our latter day telcrah,ts have made It
more expressly obnoxious TO the declared pur,
pose Of the convention which formed the Go.
yerumcul, than the old school Fedcralsls who
constructed the FIRST institution to eyade the Con.
stluton.
The old school Fcdciallss avoided the word
'corporahoH, because the grant Of power to ere.
ate any such National establishment had been
forbidden to Congress by the rejection Of the ap.
plcalon lor It under that phrase. Now ia,
word "BdHk' has been a. absolutely put undct
ban by The votes Of the people, and The yetocs 81
the successive Executives placed 10y thclr SUI
fmgcs at the head OF the Governments as tn,
word corporation was by the vote Of tho con
vonllon. And again the Federal party 50 bacl
10 the term corporation, which they FIRST sough
IN VAIN to inlerpoale IN the Constitution,
The tcnaclty with winch Federalism adhcres Il
: the substance OF the thing, whether called BANi
or CoRroRATIoN, results from the fact that 1t i
Of tho essence oil all their political doctrines. It
. get something to cling To ii the Government
which is out OF the reach OF the popular sui, age,
' ~ l. II H.
gu, the deliberations OF the convention. He en-
deayor,d to get Pes dent and Senate for hi
for the Union, and Governors appointed for ii
States by the central power Failing IN hs, h
abandoned the convention for some time, and q
: last returned, IN the hope Of accomplishing 1t
object by construction. OF all The Instrument
which could be conceived OF to eff ct his purpo e
that winch could be invested wtb Government
rights IN the shape OF "A corporation, which yena
Congress might make perpetual under the pre-
text Of a contract ike thai Insisted upon by Lee
gamlss. as existing between hereditary mo
narchs aud their lublrcls, was best suited to h,
purpose A Banking Corporaton--h holding pow
er over currency aud commerce, with al, III,
means Of the Treasury at omuald, aud author
Iuvlo levy an universal l1dncct tax on the people
a
IT'S hands 10 spread out the powers Of lhe Go
,cuurnt BY the false constructions Of the PEI
nodcaI Icg.lauou, wbrIr, By tie rcp1mly OF II,
own existence, it could appropriate and profit b,
them all.
, The last veto Of TIE President. we are happy ID
percrye. confirms The inference drawn BY u, lfou
the 6rs,--lhat be nII saoclon no CORPORATION
which, according to tie constitution Of the Fed.
erl patty, can aTogae supremacy over TIA,
power which gives i birth, and aJrogatr the IN
aheuabIe attribute Of legislative authority, which
Is o.. entia to MAINTAIN Tic sovereignty Of the
rcapIe, because, ~ preserving all It7 own powers
unlmpared, successive generations can ac
through it, But # one Congress can gam
privileges and incorporate jhco, and exclude sue.
ccs.ive Congresses fom ttPcalng the act. 10y
which they are conferred the result would be- dat
the peoples representatives might sltip themselves
oraIl by conlefnng unconstitutional PRIV
l.pe, on classes and bodies polite, aud, IN the
end Government would become mere con.
lederacy OF the m0uoycd classes, who would first
3 buy lhoIr preLognhNes, and then maintain them
a. vested rights.
The present veto IS a perfect guarantee, We
think, against any iJlpeaIa6ie F@caiigeni and
# we do not mistake It on this point, hen the
President has cut the gordlan knot OF Federalism,
He has escaped IT'S meshcs and all the nsldIous
ou,le with which the people have been approach.
cd that the tolls Of Bank olgarchy might be
lhrown over them, has been Pricnsed in vain
Tia, Mr.. TYLER has been the instrument % lhs
great delyerlnce Of the people mast be looked
,jDon A. has greatest good fortune, and he has al.