The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-08-21
Frons fAs ~ u Journal u CoRmsrcs.
THE VETO.


THE VETO.
So Al lasi ~e have the veto Of the Bank bin 10
a hat We have expected and predicted for solns osy
past Ne therefore. dissPPosnied Ana ~e
Know not Why any one should be, mo - - - !,
sisteney 10 pasiic officer; inasmoeh ~ ths 80
President Tyler are well understood 70 nei .n' -
have been from his hrsf entrance upon PoDl'. -. "
yerse u a National Bank. He = ePSsassa 70 49,
institution, not only on ne s'oeIa r. -.
~ bot or eons,iiuisonaIay. He has deciafr' hr ~
49,. ,hn.ss,s t,,ae. ia polslr and Prisaies-on
The DOR or Congress- and ess~here ne % y.
hisnssf under his signature. on INC 80 - 80
sleciIon which rased ham 70 Nc sc . Y -
.,b.~aaeoily by the death Of Gen HAfrlson, 70 ne
is,,a,,,i,bs.l station which he nos oce1paes bytne
(on.trtution which be has sworn 10 obey, u made
bis duty on the presentation, for ms signature OF any
till which he dlsaPprosez, 70 return WIN ns
lions 10 the House IN which q originated. lie has
aone 40 and il 20 that no man Who - Will
og he Psesldsi Of the United States should ACT con-
scsentiOasly, complain Of his course, hosess,
much he may regret that his CONVICTIONS OF duty snood
have rendered IL necessary. Placed a. Presoent
I4r 4. 1T thu head OF the Government, through the
agency Of men who generally 40 favor Of Naion-
N Bank il may easily be maziued how desircus ne
= 10 meet their wishes thls matter, u ne ecua
have done 50 without oretng has character of con,
sstency violating the dictates Of his Judgment and
sanciioning or permitting hat he considered an in-
f1ngetneni Of the Constitution which be had sworn
10 protect la this view of the case, seems 70 Us
that even they who most ANXIOUS of Inc establish
for this practical disqualification Of has integrity and
frsnness ia spite Of the many motives which urged
him To yield Under other circumstances, an act Of
81 much self denial for the sake Of principle, would pe
disni6ed az more than Roman virtue /" and hoAesef
violent may lie the denu6ea,ions which Will be heaPed
upon him from certain quarters we cannot doubt that
the ultimate decision Of the public will be strongly IN
his favor.
The Veto il will be seen il unqualified IN It's terms
The President disspproyes Of the bill on the broad
ground or uneonstiution0iify. be 10 OF opinion that
Congress has no power under the Const ution, TO m
corporate National Bank with authority 10 perform
the proper functions Of local Bank. lie Is Panicu-
larry opposed that provision OF the bill which con-
templates the establishment Of Branches IN any OF the
States without Their consent; a. the case may be
against their consent and says such provision can
nesef receive his sanction
The efect Of the Veto will probably be, to prevent
the incorporation Of any National Bank at the presen,
session and this know 10 in accordance with the
wishes of many of the best friends OF such an ins,iiu-
ton FoI they say wha, would be the use OF estab-
fishing National Bank, II The voice oil The people u
against the measured II could al best maintain bot
a sickly existence and would be bone OF contention
the parties the great deriment OF the com
mercal interests Their wish was, TO leave the ques
ton in abeyance, until decided national sentiment
should he developed in favor OF The measure and tnen
they ed the establishment Of Bank would be
EASY Us operation heaIihfu and its influence beneh-
cial 10 the community For our own part we 90 MOI
expect any such national sentiment to be developed IN
,entlnrnts We have alluded that without decided
expression Of the public will in favor Of the measure
the establishment Of National Bank would be tfanght
with mischief and only mischief continually Besides
il Il the opinion Of sagacious men, well qualihed 10
Judge that il the vetoed bill had become a law, the
stock would not have been taken up; and we are un
able TO perceive what benefit would result TO the
country from abortive effort to brag into existence
an unpopular institution. II Is doubtless better thai
the bill should be arrested in It's progress as il has BEEN
tina that il should become law and then fail through
a lack Of the necessary subscriptions. Bank stock,
the best Of IT, IN special favor al this day
and capitalists would be cautious, we think how they
invested their money in Bank which IN no event
could yield large profit, and which WAS likely while
il existed 10 be il the centre Of the political whrl-
wind and subjec, all the contingencies Of such
btered contests,
We ought pefhape 70 say word on the political
bearings Or the Veto What these bearing. shall be,
viii depend very much upon the manner in which the
Veto j. treated BY the Wing party. II they aequi-
in the dscls,on will, IN our Judgment, add TO
the strength Of the party and increase the chance OF
maintaining their present sscendency. II, on the
contrary they make upon the Executive and that
portion of the people who are disposed TO sustain him.
then j, IL our opinlo that their sscendancy will only
continue until the people are again called to express
their opinions through the balot-boTes. As We said
on former occasion, il is glorious opportunity for
the Whigsto come back to the broad platform upon
which they recently erected their triumphs That
platform not, and did not ayowedly include, a
National Bank Much less a National Bank
made the watch-uord Of the party, identified
with H. that opposition TO that was opposition to the
party. For ourselves, do not see Why men canno,
be allowed TO have their opinions on the subject
Of National Bank and express them, and yet be
good Wings even though they chance to deem the
measure mex pedient unconstitutional or both
The Wing parry constituted Of very diverse
tcrias ard to attempt 10 force them into exact
incidence Of opinion and action, would be TO attempt
impossibilities There must be liberation and for
bearance Wings have Justly ompI aimed heretofore
Of the slavery Of their opponents TO party dogmas let
them learn wisdom from the result Had il not been
for the obs,inacy Of the Loco Foco leaders pressing
certain measures, particularly the Sub-Treasury
scheme, they might for aught any ASSERT TO
the contrary, have been still in the ascendant. They
split on that rock the Sub Treasury; and with the
wreck before their eyes, why should the Wings split
National Bank
THE INDIANA ELECTIONS.
Cocrespondenee oE The ~ Y ELpIeas.