The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-09-03

TIE WING q REGISTER.
Terms . in Advance.
Below will Be found the reasons Of
President Tyly, ior vetoing the Bank Bill.
Veto or the Bank Bill
The Presiden.'s Secretary, Mr.. John Tyler
lJr., now appeared, having made his way
with some difficulty through. "a crowd which
surrounded the door of the Senate Chamber,
and delivered a message from the President,
returning the Bill for The charter of a Fiscal
Bank, with his objections thereto, which was
read from the Secretary's table as follows
To Tie Senate of The United STATES:
The Bill entitled Gan act to incorporate
the subscribers to the Fiscal Bank Of the
United States, (which originated in the SEN
ate, has been considered by me, with sim
cere desire TO conform my action in regard
to it, to that of the two Houseso Congress.
/ BY the Constitution, it is made my duty
either to approve the bill by signing it, or to
return it with my objections to the House in
which it originated. cannot conscientious
! " give il my approval, and proceed to dis
stitution, to give my reasons for disapprov
ling.
The power of Congress to create Nation
al Bank. to operate per Sc over the Union has
been question of dispute from the origin
of our Government. Men most Justly and
deservedly esteemed for their high intellec-
tual endowments, their virtue, and their
patriotism, have in regerd to it, entertained
different and conflicting opinions. Congress
4 has ifered.. The approval of one president
has been followed by the disapprovai Of
another. The people at different times have
a acquiesced in decisions both for and against.
The country has been, and still is, deeply
agitated b. this unsettled question. 1t will
suffice for me to say, that my own opinion
has been uniformly proclaimed to be againsi
the exercise of any such power by this Gov.
eminent.
On all suitable occasions, during period
of twenty years, the opinion thus entertain
J ed has been unressrvedly expressed. I de-
clared it in the Legislature Of my native
State. In the House of Representatives oil
the United States it has been openly vindi-
Gated by me. In the Senate Chamber, nthe
presence and hearing of many who are at
this sine members of that body, it has been
affirmed and re-affirmed, in speeches and re-
ports there made, and by votes there record
led. In popular assemblies have unhesitat.
lingly announced it; and in the last public
declaration which made and that but short
time before the late presidential election,
referred to my previously expressed opinions
as being those then entertained by me-
With full knowledge full knowledge OF
the opinions thus entertained, and never
concealed, was elected by the people Vice
J President of the United States. By the oc-
currence Of a contingency provided for by
, the Constitution, and arising under an i'm
pressive dispensation of Providence, I sue
ceeded to the presidential Office. Before en-
tering upon the duties of that Office, took
!, an oath. that l would 'preserve, protect and
defend the Constitution of the United States
Entertaining the opinions alluded to. and
having taken this oath, the Senate and the
country. will see that l could not give my
! sanction to measure of the character des.
cribed without surrendering all claim to the
; respect of honorable meh-all confidence on
| the part of the peOple-all self-respect-al
regard for moral and religious obligations
without an observance Of which no Govern.
ment can be prosperous and no people can
O. be happy. 1t would be to commit crime
! which | would not willingly commit to gaiI
9 any earthly reward, and which would justly
: subject me to the ridecule and scorn of al
!, virtuous men.
o deem it unnecessary at this time to enter
4 upon the. reasons which have brought mn
mind to the convictions feel and entertain
on this subject. They have been over anl
? over again repeated. If some of those VIII,
: have preceded me in this high Office have
8 entertained and aVOWed different opinions,
y yield all confidence that their conviction
. were sincere. / claim only TO have the SAM
r measure meaied out 10 myself. Without go
ing further into the argument, will say that
! IN looking to the powers Of this goVernmen
!. to collect, safely keep and disbuTse the pub
lie revenue, and incidently to regulate th
. commerce and exchanges, j have not beef
able to satisfy myself that the establishment
by this government Of a bank Of disconn
3 in the ordinary accepiation Of the term, wa
a necessary means, or one demanded b
S propriety to- execute those poWefs. Wha
can the local discounts Ot lh6 bank have I
Y do with the collecting, saie-keeping and dis
= bursing Of the revenues So TAI as the ner
y discountlng0f paper Is concerned, it is quit
lInmaterial 70 this question whether The dis
Is count soblained at State Bank 81 Unite
States Bank They are both equally 0cal-
/. both beginning and both ending in 0c.
Recommendations What influence have i0c.
discounts granted by any form 81 bank
the regulaung of eurrencg and exc ranges
lei Tue history Of the lale United Siaias Ian
aid rs 90 Answering his inquiry
For several years lleI BE Establishment
that nsIi lion g deall alnost xclnsipely
TOGO. s1cuntss and during hak period lh
country loI ns most parl ppointe