The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-10-12
FOR THE MADIsoNIAN.
BANK OR NO BANK.

Mr. Clay and his followers assert that the question
of Bank or no Bank was the issue in the late Pres-
Dental election. have paper published during the
late canvass in which, in reply to correspondent,
the editor says: "Gen. Harrison Bank
man, and then refers TO his letter to Sherrod vii
liams, which he says was reairmed in his letter ac-
cepting his nomination, in his speech al Columbus
and in his letter TO Mr., Lyons, OF Richmond. The
editor then proceeds 10 quote from the letter 10 Sher
rod Williams as follows:
81 think however this experiment should be fairly
tried, ascertain whether the financial operations Of
the Government cannot be as well carried without
the aid Of National Bank. If il is necessary for
that purpose, does not appear 10 me that b.
constitulionaIy chartered. There is construction
irhich Team gire the Constitution rhich mould autio
rise il, The ground Of cfording taciities 10 CONF
merce The measure il adopted, must have for its
object the carrying into effect facilitating at least the
exercise OF some one of the powers granted to the
General Government. If Others flow iiom it produc-
ing equal advantages 10 the nation, much the bet
ter bu, these be made the ground for Justify
ing a recourse to It,.
BY referring to General Harrison's letter to Mr.
Owen, of North Carolina, the Chairman of the Com.
mittee appointed by the Harrisburg Convention 10 ap-
prize him Of his nomination, it will be found that
if in anticipation of this very objection, he says
at may, perhaps, be expected that should en-
brace this occasion to declare the principles upon
which the administration will be conducted if the eff
forts of my friends TO place in the Presidential
chair should prove successful. But having in letter
to the hon Harmer Denny and in another the honor
able Sherrod Williams, both of which have been made
public, given my views at some length Of the charac-
ter and extent Of the powers vested by The Cons,tu-
ton in the President consider it unnecessary re-
peat them here"
Thus il will be seen that in the yery letter accern
the nomination, by referring to, and reafiirming this
letter to Sherrod Williams Gen Harrison said that he
thought the experiment Of carrying on the operations
Of the Government Without National Bank should be
fairly tesedtha ifthese could be carried on without
Bank, one could not be constitutionaly chartered
for says he; "Ihere is construction 1chich can
gipe the Constitution rhch could authorize it, on The
ground Of cfording facilities to commerce"
Such was the issue which General Harrison him
self made and such were his known opinions
Now is there any one who, after reading these ex-
tracts, will pretend to say that Mr.. Tyler has
been uniathu to his party in refusing approve The
Bank bills presented TO him He was willing, il is
believed, to approve Bank having power to establish
agencies with the right to transfer the public moneys
but he did not believe that Congress had the right to
establish agencies with the right to discount bills Of
exchange Without the consent of the States He was
willing that the States should give the right of local
discount, but believing with Gen Harrison that the
power Of Congress did authorize The creation Of
Bank for the purpose Of giving facilities to commerce
be was compelled to limit the branches and agencies
''ereated against the consent Of the States, to the
transfer ofthe public money, and to that alone
A True WING.