The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-09-09

!, parlmenl II the GosesnmehI should asi
!. up.n lls oEn responsibility. independent
ly Of tbs nihsr; and that | presen'ed the
!. modification II the branching Pnsef be-
cause Il wss necessary 20 ensuIe lh- pas
sage Of ihe bill in The SenaIe. having as
ceTiained that The yals would stand 20
against IN 20 25. If the form al that power
which hsd been repeatedly he COMMITTEE
were persisted in. Bul Ineyerlhriessdid
entertain ihe most een6deaihapcs andex-
\ psciaiions that Ihe bill would Teeeise the
sanciion of the President; and this mo-
Use. alshoagh not The immediate one. had
! grrai weight 10 the introduction and al.
dopIion nf the eamprOmlss clause. l
knew that our friends who would not
vote far the bill - repaired we're ariu.-
ted. - they avowrd. BY considerations
of uniun aud hsrmany. growing oUI OF sup.
posed views Of the President. and pre-
sumed that he would not fail Ia feel aud
appreciate their sacrifices. Butt deeply
regret that we were mistaken. Nntwlih-
staining all our concessions. made in =
genuine and sIncere spirit Of consultation.
The sanction Of the President could not
be pb,ained. and me bill has been return
ed BY hisa viii his objections.
II And | shall NV praceed 10 consider
J hose objeclions. with IS much bresi,y as
possible. but with The most perfect res
! pec,. Official and personal, UPWARDS The
Chief Magistrate. J
II After stating ihatthe power Of Congress
10 establish National Bank, 60 operate.
per Sc. has been conirnsered quesi,nn
( from the origin Of The Government. the
|, President re,bsrks: /. Men mos, justly
and slescrsedly esteemed for their high
! insrlleciaal endo9menss. lhsm virtue and
Their rstriolism. have. IN regard 20 II. enter
|. aimed different and conflicting Opinions.
: Goagrssses have differed. The sppro.
: vi OF one Presidrn, has been iollosed
sfby The sanpprassl u snoiher."
! From mi. statement uf The case II may
! be inferred that The President considers
1 the wAighi Of authority. pro and con, IA
be equal and balanced. 30, il he lntrn'
dol 10 mske an array ~ tiff he inien
! Jed 10 say Thai u was 10 equilibrium -
, must respectfully. bot most decidedly.
dis,enl from him. | think the conioinI
!. testimony Of history. madiuon. and the
knowledge nf living witnesses prase the
4 contrary. How sands The question a,
E 10 The opinion Of Cnngresse.! Tie Con
gress af 1871. the Congress Of Isl3-l4
> The Congress OF 1880. the Of Con
9 sress of ls3l-32. and finally. the present
). CongTes., have al respectively aud unc,
J. qairacal.y, silirmed Tie existence Of !
ri power IN Congress 10 establish Nauoua
= Bank to opets,s per &C. wcbehold, then
G lhe concurrent oppinon Of five dIGersa
/ C0ngrasses on one lido. And " bat Cos
! ereys il abcle on The opposite sidei III,
i Cunsfes afisll. Iwss member % III,
D Senate in ,ha, year, when !, decided, b,
: lhe casting vote OF The Vice President
|. against the renewal oil the charter Of lhs
: old Bank ~ ihe unitrd States. Aud
D now here. nmy place, add 70 The ,es,i
nony already before tue Public. by da-
/ claring that IL within my certain know.
: ledge, that ,ha. decision OF the SenSie did
no, proceed from a disbelief Of majority
1 OF the Senate in The power of CangIess
j 10 establish 4 National Bank, but from
] combined considerations Of expsdiency
and eons.i.u,ianslay. A majority Of the
4 Senate, onile contrary, as l know. en-
/, RETAINED NJ doubt ~ 20 The pnwer Of
/. Congress. Thu. The acrouni, - 10 Con-
} etesses. stands five for and:noi one. or al
> nosi. no, more Than one. ag a,nsiihs pow
er. -
} Let ms nov look into HE state OF al &.
! ihoray .Isuvable from The opiniuns Of
Presidents Of ihs Uaiied States. PRESS
dent Washington believed in tho power
n Of Congress, and approved stbauk BILL
President Jefferson approved acts TO ex-
4 tend branches into other parts of,he Uni,
ted STATES, and 10 punish coun'erfeuers
I Of the uoles ofihe bank--ac,s whichwe
, devoid Of all Justification whatever upon
J, The assumption Of the uncons,imlionalily
al the bank. For how could branches
I, he extended or punishment be lawfully in
:, flicled upon the ccun,ertsl,ers OF The pa
prr oi corporation which came into ex.
islence without any au,hori.ys and in siu.
/ la,ion Of the Constitution of the land!
j James Madison, notwithstanding ihuse
early srruples whieh he had entertained.
and. which he probably stu cherished,
sanctioned aud sigued bill,o charter the
late Bank Of the Uniled States. II is
perfectly well known tina. Mr.. Monroe
1 never did enlertainany scruples or doubts
il regard 10 The power OF Congress.
] Here. then, are four Presidents Of the
i United States who have directly or culla-
,etally borue oiIicisl testimony To the ex.
I.islence Of the bank power IN Congress.
j And what President is there tina, ever
bore unequivccally opposite testimony
! lha, disapproyed bank charter in the
J, sense intended by Presiden, Tyler! Gen,
!! Jackson. although he d,d apply the veto
power 10 The bill for rechar'erine the late
Bank Of The United States in 1892. il IL
within the periect recollection Of us all