The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-08-24
From the National Intelligencer.
THE VETO

The Suspense in which both city and country
has.been kept for some days as In the fate Of
The Bank Bill, which passed both Houses of
Congress more than a week ago, is at last ended.
The President yesterday returned il To The Sen
ale, in which branch il originated, with his OBJ
jections. A copy of The Message containing
them will he found in The preceding columns.
We regret exceedingly that such should have
been the fate oil ,heBank Bill: not that We had
any Partially for its particular form ur structure
or had such confidence 10 its winning The neces-
sary confidence of capitalists. But we approved
the;principle of the bill. and calculated upon a.
mendments being made 10 it by a supplementary
act which would have obviated the principle OBJ
~jections 10 it.
We confess ourselves also 10 be disappointed
BIZ this result. We had supposed The measure
ni a National Bank to te as clearly indicated, by
the popular sufffaGes in November last, as The
repeal of the sub Treasury, or any other Wing
priacipe supposed 10 be sanctioned by that
vote.
We knew, it is true, that the President had in
times past, in both branches OF Congress. bv his
Speeches and Votes declared his personal CON-
viction of the uncnnstiiutionaliiy ola National
Bank. But we hattered ourselves that he would
draw the distinction, which we thought we pre-
| ceived, between the Legislative and the Exccu-
tive character, which would allow oThis signing
an act in the one capacity, which he would vute
against on the Other. Our impression, in this
particulaf, was strengthened BY a passage in his
Address TO the People oil the United States,
VIII ch we construed into an intimation that lie
would follow the example of Mr.. Mahisun, aud
considered the power TO establish a Bank as
settled by adjudication and acquiescence.
We therefore feel justified in predicting to
our readers, with some confidence, that we should
have a Bank For the momenr, at least. that
prediction has signally failed Of accomplishment.
The President mas refused Ia sign the bill, for
re: sons Which we feel bound to respect. The
freedom OF conscience is with US too sacred 10 be
pIoiancd and we cannot deny IT, the President
the rivilege which we shall always claim for
ourselves.
" hat Is now 10 be dong? Is The question
which naturally presents itself.
We are nst of the temper of those, who,
after experiencing a disappointment in one
thing, would fold our arms and ATTEMPT
nothing more. "The plough goes on after
a barren year; and, while the ashes are
yet warm. we raise a new house upon the
ruins of a former" Such is the course
which if IL c~ounsels could weigh with
our friends in Congress, would now pre-
vail. There are among them, we know
proud hearts aid exciteable minds, who
might, on the impulse of the moment, de-
eide upon a different course. OF such, we
would ask, what good can be expected TO
result from vehemence and outbreak! So
far from effccting any good. such a course
would weaken, disuni;e, and finally per-
haps destroy the power of the Wing party
and with it thu best hopes of the country.
Shall such a catastrophe as this be allowed
to follow the Veto? Would such be the
suitable remedy for the pain of the mo-
ment?
The Bank or Fiscal Agent, is a question
of great interest, ii is true but there are
questions ofgreater Importance than that
depending in Congress. which the People
confidently expect the Wings TO carry out,
and in which there is no doubt of the
cordial cooperation of the President. He
is not less convinced we feel assured, than
the Wings in Congress, that nothing else
can restore the prosperity of the country.
We may gather, indeed, from the Veto
Message itself, that the President is now
ready to sanction a Bank, such as, though
of what we should PREFER shall.adapt
itself TO essential wants OF the suutry.
We trast therefore. that ealaness. CON !