Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-07-03
THE FISCAL BANK OF THE UNI
TED STATES.-LANDH O!

TED STATES.-LANDH O
We present to our readers this morning
the project of the Secretary of the Trea-
sury, in the shape of Bill for the creation
of sound, safe and constitutional Bank,
and felicitate them that so proper a
spirit of honorable compromise and re-
ciprocal Cancellation prevails amongst our
friends at Washington as seems Swallowed
forth in the articles which we subioin from
the Madisonian and Intelligencer. The
former, we assume, speaks the sentiments
Of the President and those who thought
with him in relation to the late bank, and
the ertent of the constitutional authority
respecting the creation of a new one /;
while the latter may be regarded 1--WE hope,
and have reason to beieve) as the organ
of the other great body of our friends,
who, although less scrupulous themselves
concerning the extent of the po,cer in ques-
ton, WILL NOT 1--WE infer from the exposi-
ton in the Intelligencer) attempt to force
a bank repugnant to the feelings or the
Judgment of any considerable portion of
their allies, or the people at large. We
rejoice in this--the more so, perhaps, be-
cause this paper has always vindicated
the propriety and the practicablity of
planning bank which, in the language
of President Jackson, in his better days,
should combine all the advantages, and OBJ
viate all the objections which experience
had disclosed in reference to the late one. p"
The plan of Mr.. Ewing, we perhaps owe
to ourselves to remark, is not precisely the
plan we would have preferred-but while
commencing the patriotic spirit of con-
cession and compromise which seems to
actuate our friends at Washington, it would
ill become us were we to forbear like
concession of our share.
Having exerted ourselves rather unu.
sually to bring the bill and the articles to
which we have alluded all under the eye
of our readers at once, our limits preclude
us from adding more than that they sever,
ally commend themselves to the considera.
ton of euery patriotic citizen, (of every
previous partly who wishes to see the long
vexed question of the currency and tinan
ces, placed upon just, constitutional and
prosperous grounds.
From the Madisonian, June 10.
PLAN OF A FISCAL BANK OF THE U. S.
We lay before our readers to-day plan of g
Fiscal Bank of the United States, reported by the
Secretary of the Treasury in obedience to cal
from the Senate. The Report, giving the outlines
is accompanied by Bill supplying the details The
latter is very elaborate.
This plan is substantially the same, except in
few particulars, as that Swallowed forth in this pa
per last week. We not only shave no doubt of it
having the appreciation of ma jorty Of the head
of Departments" as remarked by city contem
porary, but can confidently state that it has
in its general features, received the appreciation o
the PRESIDENT, which is the most important, sine,
his concurrence is absolutely necessary to its pas
sage
The name of the Institution, which Mr.. BentoI
desired TO be twice read, is, we think a fortuiat,
one. 1t is descriptive of the character which thu
President in his message designed the new institu
lion should possess. Else signifies public trea
sure, revenue, exchequer. Banh signifies bencl
or a counter, or a repository of money. The tern
Fiscal Bank of the U. S. therefore, signifies tn,
revenue counter or repository of the United States
in other words, the agent and repository of th
public funds. Such an institution, possessing as(
the power of supplying the country with SOUND
and uniform currency, is what is wanted Persons
may differ as to its style, location, and he manner
of putting it in operation.
Objections of detail would probably arise agains
any plan that might be proposed. None can b.
perfect, nor even satisfactory to all No grea
measure was ever carried without difficulty in thu
beginning, and concession and compromise in thu
end.
From The InteHtgencer, jane 10.