Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-08-10
From the Albany Evening Journal
THE BANK AND THE PRESIDENT


THE BANK AND THE PRESIDENT.
The opposition Press continues to assert, and with
strengthened confidence, lha, the President will re-
fuse his assent to the bill from the Senate authoriz
ing the establishment of Bank of The u. States
We are not without apprehension that such NAV be
the result. But 4 movement 50 disastrous to the
interests and welfare OF the country ought If posi-
Die, to be avoided.
We do not know the precise nature Of the Presi-
dents objections. They ought TO be ascertained
ahd Il Po,sio'e' opVa'ei. The action of the ETscu-
tive and Congressional Departments Of the Goyern-
meni should not conflict. As great political fam.
ny, with common interests and common duties the
splrii Of concession and harmony should be cuItva-
ted--FHcndS should bear and ioroear lfthe Pre-
sIdent, entertaining peculiar sentiments upon this
subject, IS embarrassed by the former avowal Of
those sentiments, Congress should endeavor To meet
him upon some middle ground. Ii in the bill asst
came from the Senate, the "eomprom seq is not broad
enough, hope the House VI Representative. will
make It 50. The surrender Of the Branching Pow
er, IN our judgment, is no real sacrifice. Such a
concession may very properly and safely be m ide
to State pride It not TO State rights. And there IS
as much OF wisdom as Of propriety in this conces-
sion All the practical advantages Of a Bank Of the
United States will be obtained 10 thatwny without
haz1rdlng any public interest. Let the establish
mert OF Branch depend upon the consent Of the
Stats-and that consent vii. he Obtained. But AT.
ter an issue has been made # you establish a Bank
AGAINST the consent OF State It will either he drIv.
en- out or rendered obnoxious and useless For ex-
ample: u Naloral Bank should now be chartered
with the power 10 establish Branches only In Stoies
whose Legislatures gave their assent, Louisiana
MIssIsslpp!, &c. would Immediately invite the es.
adjustment Of Bnnchcs. Missouri on the Other
hand, would rs promptly reject the Bcauch The
citizens Of the former States, therefore would find
themselves m the enjoyment Of advantages which
were denied 10 the citizens Of the latter State There
IS principle IN human nature which invariably
leads us TO desire whatever is placed beyond oir
reach. When the citizens Of Missouri should find
themselves deprived Of advantages enjoyed by their
neignUors, this principle would he called into action
Co.. Benton and his Ds5Tuclives would axe
ground against and the Wh.Es IN favor Of admitting
Branch; and We venture TO prcdr, that upon this
ssue, even Missouri would nc rcyOlutIOnZsd In two
years
The same remark is applicable to the question IN
l's general bearings. The Destructive party Of the
Union is arraygd against the Bank. Calhoun Ben.
ton, wright luEefsoII, &C. IN Congress, sustained by
tue Globe, Enquirer, Argus, &c. have already de-
c.lfsd war against IL. The moment the charter is
obtained, The opposition commence their "lgitntion"
Tor IT'S "Rcpca" The only popular element upon
Which the dgstrueIyts ran rely, rs in the brpnrhfp
feature. TI,d that power fully and we dis,rrp oyr
enemies. Let the People Of the several States elect
20 accept NJ REJECT Branch and OIL pre'e1t flr "api
inlon' sat on end. The states otter tho question
has been passed upon by 'fc People will admit the
Benches, and thencciJrth Loco F0c0ism has lost ne
potent power TO DO evil.
n, therefore, iho frank and flIl surrender Of the
Bnurhing Power would oDvilte the Presijenrs ub.
I.cuDus fv me Li', we submit o. our friends in Con
src.7 whether 90 Is MOI cmnenty their duty 10 meet
Dos yeEsf Tie Bank question 10 by M me ns
tree from difficulties. With the experience Of tLs
Hs few yrsr, pfcsijcl, may well require That
Bill should cOr'1u the highest guarantee for the
protection yi tho public welfare before giving IL bI4
npp'ova. We DO not wonder th1t the President
s.gud pause On vcw Of tho bsro bones Of the
"M0ustEr" That miserable she'. Is as frfghiCII ne
tls urkcning. But the country should not bs de-.
prvgd no a1 indispensable Institution becauge Mr.
b.1fe destroyed thnt over which ho presided. Il
would hs as wise 10 repudlte Steam Boats because
Their boilers occasionally explode, % abandon the
Mails bgcaJ'a they ore sometimes robbed, or 10
close our Custom. Houses because some Collector
sloil our money, rs The refuse 20 Charter a Bank
because Gen. Jlck.on md Mr. Blddle, ~ % van.
Ton aHl proHga'e warfare plunged both The Coun.
tfy and The Bank n.D inl1my and ruin.
The hEi fruits 81 long, orduous ard finally
triumphant struggle Tor the supremacy Of Wing
principles, ought not 70 be lost 10 the country by
collisions Of opinion among tho Representatives Of
the People. We cannot 1fJrd N lose advantages
purchased SO tc1ry. Thsre will be- differences of
opini0n even among iuends Such differences have
alNaya existed. The Wings II the {eyoI ution whom
m council, after their Independence was achieved
iDund Their views In relation 10 the form Of Govern
mcnt % DO established, widely variant Bot hey
were WINGS Iatro's-Stutosmcn, 6nd they "com
pr0misc1' ihsF differences. a middle ground was
selected upon which oil could stand. And this
should be tho course Of their Wing descendants -
The members Of Congress should go ~ iar as they
can TO meet the views Of the President On tho
other hand the President should reooleet and real.
zs hat he IS not only the successor Of JAMES MA
OLSON, but that be is about 70 be paced IN posi-
ton Of responsibility which once tried the p1tr'ot.
ism and proved The wisdom Of that iIlusuious
Statesman. The friends IT President Tyler only
ask that IN reference u thIsrosponsJle duty-upon
lhe rightiul discharge Of which the aseendancy Of
| Wing principles and the welfare and honor Of the
Republic mutually depend, he will initiate the ex-
| annie Of the sa0e II Montnflier