, 1841-06-12
THE PRESIDENTS MESSAGE.

We want tie space 10 publish this State
paper, in this weeks Journal. Ga the lnp"T-
TAM subject of a fiscal agent, in which Mr..
TYLER's view are involved in 50 much in
certainty and doubt, we give an extract.
from which the reader may possibly gather
something. We confess, lIoweve that our
optics are not keen enru. h 10 discern what
the President will do. IL the event Of the
passage Of a Bank Char,e, by Congress
lie walks up the hill, and lIien walks down
again.
Wrhin a few wears past :hrrc different
schemes have cen ieirIr Ihr r"rr'rv.
The charter ui the Biuk uf a." | = cX-
pired by it, own Limitations IN 1886: an cil"tt
was made TO renew it. which received the
sanction of the two Ilnnse< Of C"mgrc-S. but
the then President of TIE United STATES OK
erciseu his veto power. and the measure WAS
defeated. AIegaid to Truth requires me Ia
saw, that The President was fully sustained in
the course he had taken by the popular voice.
His successor 10 the Chair of State I'M
quail .fiedly pronounced his opposition 10
anv new charter of n similar institution: and
not only the popular election which bT"t
him into power, but the elections through
much of his term seemed clearly to Indicate
a concurrence with him IN sentiment on the
part Of the people.
Thus. in the short period of eight wears,
the popular voice may be regarded rs having
successfully condemned each of the three
seizures of finance 10 which nave adverted.
As 10 the first ii was introduced AZ 4 time
u8I6) when the State Banks, then COMPARE
tiveIy few in number, had been forced 10 suS
pend specie payments by reason Of the war
which had previously prevailed with Great
Britain. Whether, ifthe United States Bank
charter which expired in 1911. had been re-
newed in due season. il would have been en-
abled to continue specie payments. during
the war. and the disastrous period Ia the com
MERGE of the country which Immediately sue
ceeded, is, TO say the least, prob!ematica':
and. whether the u. States Bank OF 1916
produced a restoration Of specie payments,
or the same was accomplished through the
.instrumentalitv of other means. was a mat
ter of some difficulty at that time to deter,
nine,-ceriain it is. that for The first years OF
the operation of that bank, IFS course was as
disastrous as, for the greater part OF It's suhse-
Quent career, IL Decdfle tfflihtitll sueIcsSi"'
As inr the second. the experiment was tired
with a redundant Treasury. which continued
10 increase until it seemed to be the part OF
wisdom 10 distribute the surplus revenue
among the Srates-which, operating at The
same time with the specie circular. AID the
causes before adverted to, caused them To
suspend specie payments, and involved The
country in the greatest embarrassment. And
as to the third, if carried through all the sta
ces Of its trlnsmutarion. from paper and spe-
Gle, TO nothing but the precious metals. I"
saw nothing of the %insecurIries Of the public
moneys. its injurious effects having been an
,icipaied by the country. in its unqualified
condemnation. What is now Ia he regard
ed as the Judgment Of IKE American people
OIL this whole snbiect ] have n" accurate
means Of determining but by appealing Il"
their more immediate representatives. The
late contest. which terminated in the election
Of Gen. Harrison TO the Presidency was de-
cided on principles well known and openly