Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-08-21


on the suffice, Of bank by a committee Of Henri
co county, Virginia and he, in reply, SAID he en-
dorsed The opinions Of General Harrison, as ex-
pressed IN his Dayton speech, and which haVo
jGsi quoted: and ho further says, that II they
havo ye, n doubt remaining, he refers Them 10
his recorded opinions, and particularly IN ms
speech in the Senate Of the United States, IN
1919, on the question II issuing scire iacias
against the late United States Bank. will give
you, sir, short extract from that speech:
For sr inasmuch as believe the creation of ths cor
noration to be Unconstitutional! cannot without viola
ton my hesitate repair the breach made 40
Constitution, when opportunity pe.ent. itss Of DO
ing itaout violating the public faith.'
SIR, tho President aud Vice President, latoly
elected by the people, agreed in opinion on the
subject G! a bank; and am astoni.het 10 hear
gentlemen express SO much surprise al The recor-
deJ opinions Of Iheir tavorI,e candidates, or az
the expression Of similar sentiments by the wing
party 10 Congress.
/ have before me, sir, speech made by the
Hon William c. Rises, of Virginia, during the
late Presidential canvass, and which speech con
tains about the same sentiments, and was widely
circulated, not only IN the South, but 10 the North
aud West.
| have aIso before me, a letter addressed By
tho Hon. J nes Garland, Of Virginia. to his con
s;ituen,., few months before the election. we
all know, love, und honor the writer, and ackno" +
edge the value Of his services in the late election
| will read short extinct. After citing the let
ter Of General Harrison TO the Hon. SherEod vii!
lams, he says:
From thi. extract entirely manifest shat General
Harrison upon constitutional grounds, opposed Ma
on,l Bank; and if, President the L States,
he should yield his srupes, and approve an act TO
IL tcoulf BE- from Ge Actual necessities Of tie
Ire1sttry relation 10 The receipt and disbursement u tie
public and the uneq4sUocaL naotstGtoHs y pup
lie opinion an us f9T07."
Sir allow 10 name one other gentleman OF
tho Wing patty who took the same ground as to
General IIafri50n's opinions md, sir, one OF tho
most talented and eiiciest advocates Of his cleo
,ion-the Hon. George f. Badger, Of Norih Caro-
Ina, tho present Secretary OF tho Navy. The
speech delivered by Mr.. Badger of the
most eloquent and mastery productions OF the
canvass, and have understood that fifty thou
sand copies published fer distribution, iy
order Of the Wing C,utE.l Committee Of North
Carolina.
could natno many other prominent Wings
who, at the late election took the view Of
tho opinions Of General Harrison and Mr.. Ty Ter,
bu, | deem il unnecessary. | have, think.
proved TIM, many of tho Wing party considered
II on open question: md that 40 precise form 81 u
bank agreed upon
Now, sir, the ground which | assume s, that
tho opinions of the distinguished men which
have Just quoted involve no Inconsistency. That
the support by the whole Wing party, of Gen.
Harrison and Nh. Tyler, with the.e asowed SEN
timents, was perfectly in ACCORDING. with Wing
principles, even It the question had been HIhde
solely on the subject Of bank. All these gen
tlornen agree upon the proPrlety Of establishing
Eleeal Aser e"itoc' "ni dtsudfse ne i'u"iic
revenues, and tho only difficulty, as understand,
now existing, is differences Of opinion to de-
tnils-,he branching power, and the privileges
and general powers 10 be granted to the usti,u-
ton.
On tho power to establish branches will say
n word. The Secretary Of the Treasury in
formed Us, a. tho opening of this session, that he
was prepared with a plan Of Fiscal Agent Of
tho Government, which, avoiding all constitution
al objections heretofore urged agans, bank,
would still ensure to the Government oil the ben
efis Of such institution IN the collection and
disbursement Of lis funds; Congress called upon
the Secretary for the plan; i, was furnished; and,
sir would call your attention TO the clause rela-
live to the power to establish branches:
'Sec. That said corporation shall establish
competent office of discount and dsposite any State
the of the of such State, whenever the
Director. think TT do: and when established the
Office shall not be Withdrawn without the assent OF Con
,7es.." &c.
This section requires tho asSen. of the States
to tho establishment; Of branches. IL lcos q Cab
met measure. Ii was doubtless drawn IN a spirit
Of compromise, and with sincere desire TO a.
void collisions of opinion among the advocates Of
the proposed institution, This section, sir, has
been rejected. What my poor opinion on the pro-
prIefy or improperly of the section jus. quoted
may be, is matter Of no consequence; | shall
, therefore not occupy the tine of the committee
in giving tina, opinion but will say that, consd
aring that II was Cabinet ,ncaSurc-a matter
of compromise drawn with sincere desire to
harmonic conflicting oPinions--I regret that it
has been rejected. fear tina, evil consequen-
ces will grow on, of this rejection. But, lie, the
result, be what ii may, | feel tina, have dis
charged my duty. by my un,irng attempts to
reconcile the differences CT opinion which I'M
happily exist.
will. Mr.. Chairman, call the attention Of the
committee to the clause of the bill now before
US, which is inserted substitute for the sec
ton emanating from tho Treasury Department,
| will read it:
And the said directors establish more COM
peten Offices Of discount and deposit Territory
Dst7tct OF The United States and in
of such Stale: and when established the sad office
or oess shall be only Withdrawn removed by the said
directors prior the expiration This charter with the
previous assent of Congess orde1, respect 10 any
State which shall Legislature
The of nv