Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-09-13

ion unreasonable One Legislature might invite |
Il branch, which the next might attempt, by penal
or other legislation, to drive away. We have had
such examples heretofore and | cannot think
that it was unwise to profit by experience. Be
sides, an exactly similar provision was contained
| ia the scheme of n bank which was reported by
the Secretary OF the Treasury, and to which it
was understood the President had given his
assent But IT understand this message, that
scheme could not have Obtained his sanction, u
Congress had passed it without any alteration
whatever. 1t authorized what is termed by the
President local discounts and lie does not believe
the Constitution confers OH Congress power to es
tablsh bank having tho faculty. lie says, in
deed, 81 regard the bill asserting for Congress
the right to incorporate n United States Bank,
with power and right TO establish offices of dis
count and deposito in the several States of this
Union, ioith or ,cthom their consent principle TO
tchich II haze Arrays heretofore been opposed, and
tohtch can nrrer obtain my sanction" pass with
pleasure rom this painful theme; deeply regret
ting thut have been constrained 50 long to dwell
on it.
On former occasion stated that, in the event
of an unfortunate difference of opinion between
the Legislative and Executive Departments the
point OF difference might be developed, and it
would be then seen whether they could TIC brought
TO coincide in any measure corresponding with
the public hopes and expectations. | regret that
the IRE sdent has NOT in this message, favored us
with more clear and explicit exhibition of his
views. 1t IS sufficiently manifest that lac is deci-
dcdly opposed to the establishment of new Bank
OF the United States formed after the two old mod
els think is fairly to beinlerred that the plan
OF the Secretary Of the Treasury could not have
received ms sanction. lie is opposed to the pas
sage OF the bill which he has returned but wheih-
er ne would give his appreciation 10 any bank,
ana, u any, what sort of II bank, is not absolutely
clear. think it may be collected from the mes
sage, with the aid of information derived through
other sources, that the Presd ent would concur in
the establishment o. bank whose operations
should be limited to dealing in bills OF exchange,
TO deposltes and to the supply ola circulation, ex-
GUIDING the power of dlscountiug promissory
notes. And J understand that some OF our friends
are now considering the practicubilty OF arranging
anu passing bill in conformity with the views OF
President Tyler, Whilst rgret that | can take
no hctNo part IN such an experiment, and must
reserve 10 myself the right of dett rmnng whelh-
er can or cannot vote for such bill alter | see
| II III lis matIIred form, | assure my friends that
ihey shall ind no obstacle or impeachment in me-
On the contrary, say TO them, go on God speed
you IN any measure which will serve the country
ahd preserve or restore harmony and concert be-
tween The Departments of Government. An Elk
ecutivc Veto of Bank of the United States, after
The sad experience of late years. is al event wh ich
was not anticipated by the political friends of the
President; certainly not by me- But il has come
I upon us with tremendous weight, and amidst the
greatest excitement within and without the me
tropolis. The question now is, What shall he
uohe! What, under this most embarrassing and
unexpected state OF things will our constituents
expect OF us! What 10 required by Ike duty and
\ 'he uIghty OF Congress? 1 repeat that it, after a
careful examination OF the Executive message II
bailk can be devised which will afford any RENE
dy to existing evils, and secure the Presidents np-
prooatloll, let the project OF such bank be pre-
scented. 1t shall encounter no oppositiou if il
should receive no support, from me
But what further shall we DO? Never since |
nave enjoyed the honor Of participating in the
pubic councils Of the nation II period now of
near thrly- i've years-haye net Congress under
more happy or more favorable auspices Never
nave Seen n House of Representatives animated
by more polrotic dispositions united, more
determined, more business like Not even that
Rouse winch declared war in 1912; nor that
which in 1915 Is laid broad and deep foundations
OF national prosperity, in adequate provisions for
n sound currency by the establishment of Bank
OF the United States, for the payment of the ma
! tlonaldebl, and for the protection Of American
industry. This House has solved the problem Of
the competency OF a large deliberatiye body to
transact the public business. If happily ,here
mad existed concurrence Of opinion and cordial
cooperation between the dfirren! departments OF
the Government, and all the members of the par
ly, we should have carried every measure conten-
plated at the extra session, which the People had
arlght to expect from our pledges, and should
have been, by this time, at our respective homes.
We are disappointed in one and an important one,
OF that series OF measures; but shall we therefore
despair? Shall we abandon ourselves to unwor-
thy feelings and sentiments? Shall we allow our
selves 10 be transported by rash aud lntenperne
passions and counsels? Shall adjourn and
60 home in disgust? No No No! A higher,
nobler, and more patriotic career lies before us.
| Let US here, at the east end of Pennsy vania av-
enne, do our duty, our whole duty, and nothing
short of our duty, towards common country
We have repealed the sub Treasury. We have
} passed a Bankrupt law, bencfcent measure OF
substantial and extensive relief. Let Us now pass
the bill for the distribution of the proceeds OF the
; public lands the Revenue bill, and tie bill for
the benefit OF nle oppressed people Of this District
Let us do all-et lis de every thing we can 10:
, the public good. If we are finally to be disap-
pointed in our hopes OF giving 10 the country d
Bank which will once more supply It with sound
currency, still let us go home and tell our coRst
uents that we did all thut could under actua
circumstances; and that, If we did not carry eve
ny measure for their relief it only because to
= do so was impossible. If nothing he done II
this extra session TO put upon IL more stable ant
J, satisfactory basis the currency and exchanges o
the country, let It's hope that hereafter some way
: will he found to accomplish that most desirable
i object, erhe by nm amendment OF the COnstilu
n ZION LINKING and qualifying the enormous Execu
o tive power, and especially the veto, or ny increas
d ed maiorlties in the two Houses of Congress com
peient to the passage OF wise and salutary laws
n the Presidents objections Notwithstanding.
4 This seems to me 10 be the course now iucum
v. bent upon us 10 pursue; and, by conforming to il
= whatever may he The result Of laudable crdeayor
70 now in progress or in contemplation in relation Il
is u new attempt to establish Bank, we shall g
home bearing no self-reproaches for me- lccted 0
is abandoned duty.
D. EDnM WA CuINHTnN