Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1841-09-16

:
which have ever entertained for its present
incumbent.
MESSAGE FROM THE PRESIDENT OF
THE UNITED STATES,
RETURNING, WITH HIS OBJECTIONS, THE ELL
"1o proride jor Tie better collection, safe-kccping,
and disbursement IF the public rerenue, by means
@a GRIP ration, 10 be styled the Fiscal Corporu-
tfon gfMe United Siatcs.'
SEPTEMBER ., 1871.
To the House Of Representatives ofhe U. States:
1t Is with extreme regret that | feel myselfcon-
strained by the duty faithfully TO execute the Of
hce OF President OF the United States, and to the
best OF my ability to preserve, protect and defend
the Constitution of the United States, to return to
that House In which it originated, the bill "to
provide for the better collection, safe-kee ping,
and disbursement of the public revenue, by means
OF corporation TO be styled the Fiscal Corpora
ton OF the United States," with my written OBJ
| jections
In my message sent to the Senate on the 9th
day OF August last, returning the bill "to incorpo-
rate the subscribers to the Fiscal Bank of the IT,
States" distinctly declared that my own opin-
ION had been uniformly proclaimed to be against
the exercise sol the power of Congress to create
National Bank to operate per Sc over the Union;'
and entertaining that opinion, my main objection
to that bill was based uponth highest moral and
| religious obligations of conscience and the Con-
stltutlon. readily admit, that whilst the quail
fled VETO with which the Chief Magistrate is in
Wasted, should be regar,: nd Woo inss.,teii ny
ton, as great conservative principle of our svs-
TEN, without the exercise of which, on importJnt
occasions, mere representative majority miull
| urge the Government in its Legislation beyond
the limits fixed by its framers or might exert its
just powers too hastily oppressively; YET, it is
power whlcho ought to be most cautouslyexerted
nNf
involving the public interest, or one in which the
oath OF The President, acting under his oonvc-
lions, both mental and moral, imperiousy requires
It's exercise. In such case he has no atenna-
tive.
ne must either exert the negative power intrus-
tea TO him by the ConatitGtion chiefly for its own
preservation, protection, and defence, or commit
an act OF gross moral turpilude. Mere regard TO
INC VIII OF majority mot in constitutional
republic like ours, control this sacred and solemn
duty OF a sworn officer. The Constitution itself,
regard and cherish, as the embodied and writ
ten will ofthe whole People of the United States.
us their fixed and fundamental law. which thew
unanimously prescribe to the public functionlrics
Their mere trustees and servants. This, their
VIII, and the law which they have given us as
the rule OF our action. has guard, no guarantee
OF preservation, protection, and defence, but the
oalhs Whch 1t prescribes to the public officers,
the sancliy with which they shall relioiDusJv
observe those oaths, and the patriotism with
winch the people shall shield it by their own
sovereign Will which has made the Constitution
supreme 1t must be exerted against the will of
mere representative majority, or not at all. 1t
is alone In pursuance of that will that any meas
ufe can ever reach the President; and to saw that
because majority in Congress have passed a
OIL the President should therefore sanction it, is
10 aorogate the power altogether, and to render
us insertion In the Constitution work of abso-
lutte ente supererogation. The duty is to guard the
fundamental ~ VIII OF the people themselves from
I'm this case | admit unintentional) chance or
lntracton by majority in Congress. And in
mat light alone, do regard the constitutional du
W which now most reluctantly discharge.
. is this bill, now presented for my approval or
disapPfova!, such bill as l have already declar-
ca "a, could no; receive my sanction Is it such a |
Dill as calls for the exercise of the negative mower
under the Constitution! Does it violate tho |
Consultation, by creating national bank. TO on |
crate per Sc over the Union? Its title in the first
place, describes its general character 1t is San
act TO provide FOR the better collection, safekeep-
ing, and disbursement of the public revenue by
means OF corporations, to be STYLED the Eyscoy
Corporation of the United States Its style. then
is plainly national in its character. Its powers
functions, and duties, are those which pertain To
'he collecting, keeping, and disJursing the n,.JEc
'evenue.-The means by which these are to he
,,xertcd Is corporation, to be styled the Fiscal
corporation OF tie Unifcd States. 1t is corpora
n the character of National Legislature for the
Whole Union, to perform the fScai purposes, meet
he fscaf wants and exigencies, supply the fscui !
scs, and exert the fscai agencies of the Treasury
I the United States. Such is its own description
I Itself. Do its provisions contradict its title
hey 90 not. 1T is true, that by its first section.
provides that it shall be established i'm the Dis
1ct OF Columbia, but the amount of its capital {
10 manner in which its stock is TO be subscribed
n and hcld-the persons, bodies corporate and
'litlc, by whom its stock may be held--the APP
'intmentof its directors, and their powers and
'ueS1-its fundamental articles, especially that \
establish agencies in any part OF the Union Il
e corporate powers and business of such apep- d
es-the prohibition of Congress to establish a
y other corporation with similar powers for d
'enty years. with express reservation in the
me clause, to modify or create any bank for the Il
suct OF Columbia, so thatthe aggregate CAPT
shall not exceed five millions /; without emu r
'raung other features which are equally de- al
nctive and characteristic, clearly show that it Il