Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-08-11

OF all the great hum5ugs of the day. not even
excepting the humbng Of the bank itself, the assunp-
iion of the branching power humbug. and the vari-
ous other humbugs attached. Henry clny's +" Coni-
promise ID the greatest. The Bank Dill has pass
ed the Senate by majority Of three. one Senator
from each side bong absent, The Virginia Scpa-
tors voted against ii. Here is this grand hunibug
10 Tie form OF mn amendmen'. Strike out the pro-
vision in the Bank bill relative 10 the branching
power. and inser
"And the said directors may also establish
competent Offices Of discount, and Opposite any Tern
tory District Of the United States aud any State
with the consent Of such State. Aud when established
the said office Offices shall lie only withdrawn
moved ly the said directors por 10 the expiration IL
tins charter, with the previous Of Congress Pro-
rded in respect any Stale which shall not the first
session Of the Legislature thereof hd after the passage
Of this by other usual legislative pro-
cecdng, Internationally assent dis-cn 10 the esia
ishmcnt OF such office offices within It, such assent OF
the said state shall be thereafter presumed and provided.
nevertheless, that whenever shall become and
proper Tor carving into execution Of the powers
granted by the Constitution establish office offices
any of the states whatever and the establishment there
OF shall be directed hy law shall he the duty Of said d.
rectors to establish such Office offices accordingly
In other words, II The States say that branch
may be established within its borders. well and
good. Fit says nothing on a subject in which they
saddled with the MONSTER. Ii they should answer.
aud refuse to have branch, then shall branch be
established whenever Henry Clay and The wings
think proper.
Henry Clay must feel vastly rclic.cd alcr Icing
delivered Of such burden. And his admirers.
whore are they Following in has wake. and cx-
tolling him 10 tho skies. We not asioni.hed
that Mr.. Rivcs should accuse him Of paltcrng with
them in double sense OF keeping the premise TO
the ear while he broke il TO the sense.
We viii propose question TO MIR. Clay and his
satellites on this subject and shall be glad to hear
reply from of our wing cotemporarics in this
State who arc so camorous for a National Bans.
ARTICLE TO- Section |, OF the Constitution r. H.
diana, is a. fo-"c:
There shall not be established or incorporated.
IN his State. any Jaak JanAiag company.
moaeyed institution. for the purpose of issuing bIlls
of credit bills payable TO order bearers: Prorid
cd. that nothing herein contained shall be
strucd TO prevent the general assembly from cs
tablishing state bank, aud branches, not exceed
ing one branch for any three counties, to be estab
shcd at such place, within such counties, the
directors of the State bank may select provided
there be subscribed, and paid. in specie, the part
of Individuals equal TO thirty thousand dol
lars: Prorded aiso shat the bank at Vinccnncs,
and the Farmers and Mechanics bank Of Indiana,
at Madison. shall be considered incorporated
banks. by the legislature of the Indiana territory
Psovdcd, that nothing herein contained shall be
construed as to prevent the general assembly from
adopting either of the aforesaid banks the State
Bank And in either of them shall be adopted
the State Bank. the other may become a branch,
under the rules and regulations Lerenbeiorc pre-
scr.bed.'
According to the Constitution, it will be some
eleven years before that instrument may be amend
ed. Now will they tell u that any power earth.
much less the directors of bank, can establish a
bank in this State! i:they can do SO, Of what ef-
feet is our Constitution or our laws Would not
this in effect be long stride towards. perfect,
consolidation of powers in the General Govethmentl
This is what the federasts have always contcndcd
for and what they Will accomplish, unless our peo-
pie do their duty by coming up TO the mark and
crushing these violations Of the Constitution in their
bud. Let them see TO il.