Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-10-12
From Ne y. Y. Eren.ng Post.
MIR. TYLER AND HIS CABINET.

VIZ. 1 IEh AND HIS CABlNEI L
II II not our business to defend Mr.. Tyler He is
wing grain, was elected a. such, has surround
ed himself by wing cabinet, has removed thous-
ands of democrats from office, aud has approved Of
the repeal OF the sub-treasury. lie has therefore,
no claims upon But ln regard 10 a national
bank, he has acted with much more honesty and
frmness than those who surround him. and appears
much fairer 10 view, than those who now aSsail
hun, that it Is ordinary justice to assist in laying
the whole case before the public.
Ewing. Bell, and Badger. give as their reasons
for resigung, effect, that he had promised to ap-
prove a bank, confined To the business OF exchanges
and that he had Induced two OF those persons 10
their influence with members of Congress II pro-
cure the passage OF such bill, and then, without
further notice to them sent back with his object ons
aud thus defeated the very oil winch they had, at
MS instigation. been instrumental in getting up.
Now, these gentlemen, lose sight-whetaer pur-
po~ely or not, Is not noteual-of very important
consideration, VIZ that SIR. Tyler uniformly avow-
cd ms hostoly 10 bank Oi discounts. and that the
bill winch me Is denounced for defeating, actually
though covertiy. did allow Of discounts.
Mr. Ewing says that the President exclaimed.
Don't name u me bank OF discounts Mr. Bell
declares he understood hs objection TO BE to the
power Of local discount Such, too, l. Mr. Bad
gers version OF the story All this was in the same
conversation Ia which Mr.. Tyler avowed his will
hngness To approve bank, dealing IN exchanges
only. Now, the PLAIN English of the " hole, was
this Il desire a fiscal agent, whichs shall have
power TO transfer money from one part OF the coun-
try 10 the other, by means Of buying anu selling
bills Of exchange but shall not have the power of
lending money. under pretence" II j. very eyi-
dent that flr. Tyler believed thatthe bin introduced
by Mr.. Sergeant precisely the lac wanted IL
is equally evident that the Pres dent was not very
converSant with financial operations and any one
who will carefully read the accounts given by
lIessrs. Ewing and Bel, Of the conversation, Will
bo - I'D
vantage of tins ignorance. and entrsp the President
mo approving something more than he had desir-
ell. At ali events. the Fiscal Corporation" pro-
posed 10y Mr.. Sergeant bi was not limited to the
transmission of money by dealing in exchanges,
but had power TO lend on bills Of exchange bank.
IN fact, TO all inteus and purposes, with power to
lend on tills OF exchange, but not on promlssory
notes-a difference IN name, but not IN fact the
proposed bank therefore, Instead OF being what VI r.
/ Tyler recommended won possess the very pow
er TO which he had SO sireuuousy objected. This
must have been well known 70 Messrs. Bell, Ew-
ing and Sergeant, yet is very probable, from the
lnexperencc of the President IN such matters, that
/ he did not suspec tins until the appearance OF Mr..
Botss letter. That doubtless put him on his guard,
and As soon a he began to examine, he must have
seen at once tie trek that was intended to be play
ed off upon him.
lie had explained his views with care, had re-
posed confidence in his cabinet, had solicited and
received assurances of their aid carrying out those
views, and hal rested easy under the belief that all
was right. He was suddenly awakened TO the i'm
position practIsed upon him, and adopted such mea-
sures any man but fool would have adopted IN
the emergency. And then they, who had cheated
the people to get into power, and endeavored "a
cheat him in the exercise of that power became
suddenly, outrageously vrtuous, we're shocked that
he would not farther trust those who had deceived
him once, and were lmpelled by their honor, tc
dissolve all connection with one whom they had be-
trayed.
Tins Is a common sense view of the whole mat
ter; and while il shows that men so high IN place
I as the Secretaries of the Treasury, War and Navy
departments, were willing to lend themselves to
dshonorabe manRuvre, 1t tells us that The Pres-
dent OF the United States, who had for years beer
waging war agains, a democratic administration lo
improper action upon the currency ignorant o
the simplest principles Of finance, to an extent tina
would shame the youngest clerk in dry goods
store in Chatham street. The whole picture Is to,
humiliatIng to dwell upon.