Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-08-21

limits would do much TO eradicate former preJ!-
dces and place the institution, not only upon the
basis Of national sovereignty, but, upon me liffn
md secure basis Of State sovereignty. ihey
say, also that it would strengthen the bank a.
ganst the powerful assaults always made upon
such an institution, and which the signs OF INC
times Indicate will be made upon tho one we are
now engaged in maturing. They con'eho ti''
since tho veto Of the late bank, tha' ms fueo'o"
of asking the assent Of the States has mot the
approbation II majority Of the people; ano,
tha, almost all the leading Wings have concurfed
in the opinion that 1t necessary IN tho cstao!sh
ment of such Institution to consult 6rcn me
Drrjudicss OF the people. They cite you TO Mr
Claws speech in 1899, when he even proposes to
say that Foreigners shall no, hold stock III the
bank he proposed. This was certainly yielding
10 pre- ludices They say that IT you were prePET-
cd to yield that point, why not yIeid to consti'u =
,ional scruples the small boon We ask? Why not
Yield some thing which, without destroying Inc
usefulness Of the institution, Will render popi-
lar, its stability, and thereby increase is
efficacy for the purposes for which II 10 establish
ed? ], sir, am willing 10 acceed to the request OF
tho minority and to eYinco my respect Tor lhelr
constitutional scruples But a majority OF my
friends seem determined not to yield. IT may De
that they are right and that am wrong, but
know that my motives are correct. want q
bank and fear that this uncomproniIsiDg spirit
may be the of failure to establish the insti-
tuition Whatever may be my individual opin'
ions, | regret TO hear such language uttered IN
such a tono that used by the gentleman from
Pennsylvania, Mr.. Sargeant,) and the gentleman
from Virginia, (Mr. Bo,is,) for both Of whom
have most profound respect and feel sncese
friendship. They tell the House and the minori-
" of our friends that they havo no righ. 10 ar
que tho consiitutiOnalIty of this measure. That
the question hos been decided. That th.y arc
esstopped from debating tha, question By the de-
cision of the Supreme Court-by MIR. Madison's
of the charter OF the bank, &C. taGE
complain Of this constant denial Of what they
deem decisions. | wish that the question was ia
ken as settled. | could wish for the peace of the
country, that unanitnty of sentiment prevailed.
But, sir, We ough, not thus uncharI.ab'y 10 cen
sure tho minority of our friends, or eysn harshiy
10 Judge the conduct Of our political opponents,
If they differ from the gentlemen. We must roc
ol!ect that many OF tho most prominent men OF
the Wing party have declared opinion ad.erso
TO the constilutIonallty Of the lato bank, even
SINCE the decision Of the Supreme Court. Gen
ornl Harrison, the selected hosd OF tho Wing par
~, expressed such opinion in letser address
SGD to his constituents, and published IN tho "CIn
clnnati Expos,er" in 1922
Again, he says in his letter to the Hon. Sher-
rod Williams:
81 was Congress bank chartered
momber of the thirteenth Congress, after hr.
session. when conduct the bank in its incipicnt
sures, examined into and, believing,
salt the nvestaton that the charter had been violated
voted for the Judicial investigation, with view OF snnu
ling its charter
In another part of the same letter, Gen. IIar-
rIson more fully states his views. an extract from
wnlch will read to tho committee:
sThe question, them for is whether. under
you state if elected the Office OF Pres
idsnt, would sign an act to charter another bank an
swer, would, clearly Gscert2te2 that hs public
interest, relation the collection and disbursement of
revenue, would materially suffer without and there
unequivoca Manifestations Of public opinion in its
think, however, the experiment should be fairly
tried, ascertain whether the financial operations of the
Government be well carried on without the aid of
National Bank. IL is not necessary for that purpose
it does appear that one can be constituonaly
chartered There is construction which can give tho
Constitution which would autofzs IT, OH the ground of at
fordng facilities The measure if adopted
must have for its the carrying into elicit facilitating
least the exercise o of the positively
gansod to tbs General Government If Others flow from
IL producing equal or greater advantages 10 tbs nation so
much the better but these cannot be made tho ground
justilying recourse to it.
s.Tho excitement which produced by In.
Question: the number and respcctabty of those who deny
the right Congress charter strongly recommend the
course above suggested"
This letter was written when General H.rri-
sion was candidate for the Presidency in 1886
and long after the decision of tho Supreme Court,
But, sir, to show the committee that no change
had taken place in his opinion in 1910. when 10
was again a candidate. the chico, sir, OF you, nd
J. and the gentleman from nnsylvania, md the
gentleman from Virginia and lauded the true
personfca,ion of Wing principles, give you Gil
extract from his speech made al Day,on Septem-
Der 10, 1910:
"My opinion OF the power of Congress Charter Ma
tonal Bank remains unchanged There the Con-
sttu,on of power for such purpose and
could be constitutional power
IN the event the granted Congress could bo
carried into effect without resong such
Mr. Madison signed the law creating National Bank be-
cause he thought that the of the could
be collected disbused the best advantage, without
interpolation OF such establishment. said my let
Ter 70 Sherrod W iam that If plain that the
OF the Union could only be collected and discussed
the most efectual way, by of bank, and if
clearly of opinion that the majority people
states desired such institution then. aud then onrg
fcoua sis1l a biz going 10 charter bank
You perceive Mr.. Chairman that our late la
mented President did not icons idsr the question
ne settled; "thes and then only, irould I sign a
bill going to charter bank is his language
Did these honorable gentlemen who expires. so
much dissatisfaction at the perversensss of these
of our friends who do no. consider the question
setiled-did they, sir, dissent from General Har-
IIson cXnrsssixa Of ihsir surnrisa his snsak.r: