The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-09-09

which declares that a branch, being once
established, il should not afterwards be
or removed without the previous
of Congress. That provision was
intended to operate both upon the bank
and the States. And, considering the
changes and fluctuations in public sentl-
ment in some of the States within the last
few years, was the security against them
to be found in that provision unreasonable
One Legislature might invite branch,
which tue next might attempt, by penal or
other legislation to drive away. We have
had such examples heretofore and can
not think that it was unwise to profit by
experience. Besides, an exactly similar
provision was continued in the scheme of
a bank which was reported by the Secre-
tary Of the Treasury and to which It was
understood the President had given his as
sent. But il | understand this message,
that scheme could not have obtained his
sanction, If Congress had passed II without
any alteration whatever Ii authorized
what is termed by the President local dis
counts, and he does not believe that the
Constitution confers OH Congress power TO
establish br 1k having that faculty. lie
saws, indeed, S regard the bill as assert
ing for Congress the right to incorporate
a United States Bank, with power and
right TO establish offices of Discount and
deposite in the several States Of this Union,
uith or rifhout their consent q principle
to ,rhich Laps ailsoys heretofore been op.
posed, and iekieh can Heper obtain my sane.
ton" pass with pleasure from this pain
full theme; deeply regret,ing that have
been constrained 50 long 10 dwell on II.
On former occasion | stated that, IN
the eyeal OF an unfortunate difference Of
opinion between the Legislative and Exec
atiye Departments, the point of difference
might be developed, and il would be then
seen whether they ceuld be brought 10
coincide in any measure corresponding
with the public hopes and expectatlons.--
regret that the President has not, in this
message, favored Us with "a more clear
and explicit exhibition OF bis views. IL
is sufficiently manifest that he Is decidedly
opposed to the establishment, CT a new Bank
OF the United States formed after the two
old models. ] think il is fairly 10 be IN
ferred that the plan of the Secretary Of the
Treasury could not have received has sane
ton. lie is opposed TO the passage Of the
b.ll which he has returned; but whether
be would give ms appreciation 10 any bank,
and, If any, what sort OF bank, Is not ab-
solutely clear. think il may be collect.
cd from tho message, with The aid of IN
formation derived from other sources, that
the President would concur 10 the esiab-
men; Of bank whose operations SHOULD
be limited to dealing in balls ct exchange,
10 deposiies, and 10 tho supply Of a cIrcu-
la,ion, excluding the power OF discouutlng
promissory notes. Nod understand that
scme of our friends are now considering
the praclicability of arranging and passing
bill in conformity with the views Of Pre-
siden, Tyler. Whils, | regret that can
take no active part in SUCK 40 experiment,
aud MUS, reserve to myself the right 81
determining whether | can or caHaut vote
for such a bill after scc il in It's malured
forL,, | assure my friends that they shall
find no obstacle or impeachment IN tue, Ga
the contrary, | say to them, 20 on God
speed YOU in any measure WHICH will serve
the country, and preserve or restore har-
mony and coacer, batwcen the Depart
meDis Of Government. An Executive Veto
Of Bank OF the United Slatrs, after tho
sad experience Of late years, is an event
which was not Anticipated b. thc political
friends Of the President certainly not By
I INC. Bot II has come upon Us with ire.
mcndous weight, and amidst the CREATES;
excitement within and without the metrop.
oils. The question now IS, VIVA, sbaIl be
1 done What under this most cnbarFass.
ing and unexpected state Of things, will
our constituents expect Of us What is
required BY the duty and the dignity ol
( Congress | repeat that il, after care.
iul examination Of the Executive message,
bank can be devised which will afford
any remedy TO existing evils, and secure
the Presidents appreciation, let the project
Of such a bank be presented. II shall en-.
counter no opposition, if il should receive
no support, from me.
But what further shall We do Never
since | have enjoyed the honor Of partici.
Eating in the public councils Of the nation
"a period now of near thiTiy-fve years
have | met Congress under more happy or
more favorable auspices. Never have
seen House Of Representatives animated
by more patriotic dispos,tlons--more uni.
! ted, more determined, more busluess.lk
/ Not even that House which declared war
IN 1872; nor that which IN l9l5-l6 laid
broad and deep foundations Of national
I prosperity, in adequate provisions for q
sound currency, by the establishment of d
Bank Of tho United States, for the pay.
ment Of the national debt, and for the pro.
lection Of American industry. This House
has solved the problem Of the competency
! Of large deliberaiive body to transact the
public business. lfhappiy there had ex.
lsted concurrence Of opinion and cordial
cooperation between the different DEPART.
ments Of the Government, and all the mem.
bers of the party, we shoulerhayo carried
every measure contemplated at the extra