Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-09-11

mat could increase or diminish the value Of proper
~, and affect the social elements OF prosper,,y. bu,
| an Institution that would benefit the government
whole country.
Here then was a bank which, while il 90, rid
| OF the dIseounIlng power which was not a ncccssa
element OF the hScal power OF the government yet
dealt IN what was an auxiliary clement The nur-
| chase Of bills OF sale and exchange. Whatever
might DO the evils OF the banking system
was now Incorporated in our system and
rom II we could not escape Il We would. Did IL
follow because Bank was liable TO abuse Tint
| the'e should be no bankl Was that an argument
tor statesmen to uSo7 In the present bill there wa.
every guarantee Tor faithful performance OF duty
every motive 10 evil was taken away. Was il
10 be asserted that the government of the United
States was TO have a bank unl IL could make n
SeItdtim contract with the States for permiSsion9
Was that doctrine to be sustained As well con.
tend, he said, that the human body should not ex-
erclse the riS with which nature endowed il until
obtained PERMISSION from subordinate pov.,I
Was the government TO wait until a convocation of
states WAS calle67 Twenty five states misLt ms
sem, and little Delaware refuse II; and after two
or three years say 1--WE permit you to 20 on" and
IN twenty hours afterwards Withhold assent, by
winch the whole action OF the government, would he
suspended. What sort OF government would that
Del hspPeared to him super absurdify.
The people had said We will not have the reye.
nue. OF the country placed 10 the hands of diyidu,s
where there is no security. What security is ,hereI
The sub-Treasurer gave bonds for 100000. and
now easy was It To possess himself OF millions and
pay the oblisots the amount of their liza bity
The sub Treasury and the state bank sys,e,,
were alike repudated, and sill we were not al Iib
erty TO exercise the power OF the Government in
keeping and disbursing the public revenue until pc
states shall have decided that the JIoyernmsn mich,
establish banks of exchange within their linits TO-
It's own purposes. IL appeared TO him that the,.
could oe no fair discussion on the merits of any ne
cullar measure, because mems minds were warned
and votes were always given under the SWAY of mar
Inc q. -
state ct thlngsl Either that they must have N mil
olooded national bank with power 10 oyerrul, tbs
Government itself, and all the elements of social
prosperity, or they must have the revenue kept NJ
inc disposal OF individuals, and that by the act
OF a single man.
lie desired to steer between party extremes. If
one party did not succeed the other would. Either
thcy were TO have the obnox Sub Treasure on
the one hand, on the other full Bank Of Tho m ,
States, either Of which would be ausht with incal
cuiaoIe evils to the country. Now was the time
when neither party was IN the sscondancy TO tnke
this middle course which propi ious heaven had
seemed to mark out for the express purnos. of b,I
Ing the breach. He denied that they could 90 Ia
the people with either OF these measures. The bill
ueio.c them was said to be framed to meet the &C.
ccp'Rncc OF the President; but was sand he would
veto it, as he would all others OF the kind I'm,
Constitution hal given him the power tn do So on
his own sense of duty, aud although he (Mr Al .,
m :h; depore yet he never would be the man TO re.
hukc. u had been asked what would the whis.
10 1t President Tyler vetoed this blll3 lie could
answer that they would be in the vcry best possible
position, aud this would he the aspect OF af,rs; the
resident ID only the o'her day signed the r,pclI
d the Sub Tteasury and the doposIte act and il
would be IN fact 10 say, "l'il keep the revenue in
NY own hanGs, although from every stump i'm Wiz. ,
;inii | have spoken agains, such u SYSTEM What ,
hen is the situation Of the whigsl They have pre-
ented all tue means, and the President has refused
~ and were the Wings 10 be inu,ed 10y thisl lie
would say they had been thwurted Iy one man thew
lad put in place, but the response to them eve
where would be, swell done good and faithful ser.
"nts' Nat. Int.