Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1841-10-15

Wings would be bringing forward a..
mendments engra(ling this power upon
any charter he might now approve
and appealed 10 his Cabinet 10 know if
they would stand by him, and use their
influence in preventing any such move.
ments while his administration lasted
Mr.. Webster and others give him all
proper assurances upon this point.
The President thought a capital OF
fifteen millions Of dollars would be suffi.
cient.
A name. he said, was important
What should it be2 Fiscal Institute
would do. 1t was objected TO, and the
name of Fscm Bank preferred by
member Of the Cabinet. He replied
that there was a great deal in a name,
and he did not wish the word bank 10
appear in the bill.
The President then inquired If he
was understood He said there must
be no misunderstanding of what he pro.
posed to do. He ;hsn addressed him
self to Mr. Ewing, and asked him if
he thought he understood his
views fully. Mr.. Ewing undertook 10
recapituIate. He understood the Pres.
dent to have no objection 10 a bank in
the District Of Columbia with Offices OF
discount and deposits in The States, with
their assent. The President interrup
ted him very abrublly. by saying
he did not understand him at all: he
was not willing to sanction any such
bank ] understood his objection 10 be
to the power Of local discount. sup
pose Mr.. Ewing intended to say that he
understood The President had no consti
tutionaI objections whatever 10 such
bank, Mr.. Ewing, however, without
explaining, went on 10 say that he now
understood the President to have no OBJ
lection TO a bank at the District OF CO.
Umbla, with the power to issue its
own notes, receive moneys on deposite,
with Offices or agencies in the States
having the privilege, without their as
sent, Of dealing in bills of exchange
drawn in one State or Territory and
made payable in another State or Ter.
ritory Of the Union, and in bills between
lhe United States and foreign States or
Nations
The President said he was then un.
derstood. He requested Mr.. Webster
particularly 10 communicate with The
gentlemen who had waited upon him
that morning, and to let them know
the conclusions TO which he had come.
He also requested Mr.. Ewing to aid in
getting the subject properly before
Congress He requested thai they
would take care moi to commit him by
what they said 10 members of Congress
to any intention to dictate TO Congress.
They might express their confidence
and belief that such a bill as had just
been agreed upon would receive his
sanction; hut it should be as matter Of
inference from his Veto Message and
his general views. He thought he
might request that the measure shontd
be put into the bands of some friend Of
his own upon whom he could rely Mr.
Sergeant was named and he expressed
himself fully satisfied that he should
have charge Of it. He a so expressed a
wish TO see The bill before it was pre-
sented TO the House, il it could be so
managed.
then said, addressing myse to Mes
srs. Webster and Ewing, that no time
was to be lost in communicating with
Congress; that there was danger that
Mr.. Ewing's bill would be taken up and
reported TO the House immediately after
the bill sent back to lhe Senate with the
Presidents objections was disposed OF.
AS The members Of the Cabinet rose
10 depart, or just before, rbe President
requested Messrs Webster and Ewing,
as they had turned their attention more
particularly to the subject, to furnish him
with written arguments upon the points
they had been discussing He wanted
them 10 fOrli(y his own opinion, and 10
lay up for future reference.
JOHN BELL.
Washington, Sept 90, l84l.