Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-08-05

! p. Where any State asscnts. 81. Where Tbs
| htst session OF the legislature after the passage o
this act shall have expired without lie declaring IN
eenditonaly ns assent ot lis dissent. Aud, 4ih
Ia any State whatever. whether II has dssrntsd o.
not, wilbln whose lau. II may be necessary and
proper establish branch. carry into effect any
OF Tho powers granted by thu Constitution and Con-
efess shall require II 10 be ssabl shed. 1t may be
SAID that this fourth ease asserts tho power "nd re
cognlses the uehi IN Congress To establish branches
whenever II thinks proper 10 accomplish the putpo-
SO, oi amy al lhs granted powers OF the CONSTITUTION,
aud 81 II does but II asserts the power IN ia Ian.
guagc Of tho Constitution. II the CONSTITUTION Ia,
granted tho p"wef, asssfls the power; II 1t has
DENIED the power, II does moi assert the power. We
Hunk II han granted the power a nd ~ using lis
language, We mean distinctly 10 assert the pomef--
Rnl those who do not ,hink It gtanls tho power,
may nevertheless we'll consent T.. use the language
employed. II proposes no immediate exercise oil
tbg powet 10 ESTABLISH branches fhT ,s bot now
necessary. II provides Ion 1t cnnnng'nty and,
when the question oi esabll,hng "tccs actually All
srs IN Congress, every one may interpret the CLAUSE
IN The amendnt according to his consatenons
convictions. Without the insertion OF the provision
III the chatter recognising the pu"rf Of Congress 10
establish branches, ia State ds,en,ed, Gonere"
could not epotce on tho h,nh Tho establishment Of
branch within the hunts oil the dissenting STATE,
however urgent tho necessary, without an express
reservation OF such right. since. after g,Rniug =
charter. Congress could not add aud onrtous
conditions Ia II.
Whit will be Tho rtlclcal operation oil tho u
menduent The bank cannot be olg ,nlznd. 80 an
TO commence business, before the hrsl ui January
nrNl. After II Is organized, n will require some Two
or thee months 10 make tie necessary preliminary
preparations, 10 put the branches lntn opetaiioU.--
Many, # nui most, ol The State Ley slalutes begin
then next Sessions the first Monday Ia December
next. The sessions ui the greater number Of these
wall have terminated bcio,e the bank ready To To-
btanehrs Most Of the STATE Legislatures Ill
ptubaby readily aud uuenudiinnnlly assent To the
establishment OF branches within ,hr,, respective
limits. Few, II any, OF those who do not expressly
assent, viii dissent; So that by the tune that he
bank Is prepared 10 plant lis branches. mos OF the
States will uttHrl have expressly aescnted 10 ,hru
establishment, o. by then srnco have authur zed
implied assent. II there sho old be soma hdi =
dozen States that expressly d,ssen, ,ha, fact Will
al all impair the utility oil this pa'onal lnsiilu-
ton For II, IN the large commercial capitals OF The
Atlantic States and ia' Cln,,nnan aud Louisville.
o. Lexington, IN the Interior branches ba rs alb
Ilshed, all The national purposes OF HE institution
ma, DO iully accomplished.
Thus, Nh President, mHy this indsl cnsablc Ma.
tional ngent be put into complete operation by
March April, at the n,lhesL Whereas nr be
not established NJ tins session, and can be al the
neai. IT would probably BIZ next lall i~tlyemon,h
before the nation realize the benefits autIcipa
ed from Bank Of the Uniied States.
These are the views sir, tssid M. c. which he
had Rken OF this deeply increasing question. lie
believed lie shared Them with lhoso trends who
lAd hitherto acted with him. We CONSIDER that We
Layr made great sacrifice Of our own WISHES aud
preferences IN conserving In the proposed modIhta
non ot The branching power But II has been made
tat our country aud Trends. Aud he ardent,
hoped that there would he Jnsl appreciation Of
thc concession. and The spun o to couCes,lon nov
proposed; thai IT woud be mt here AID elsewhere
hy corresponding i,Iend. spnl; and that The wlole
might Jolee N having once NOR restored 10
d Y,
regulated exchanges. revived business, aud restored
prosperity.