New-York tribune., 1841-07-21

that the LoAN BILL has passed inc SENATE - 49,
only thu signature Of the President to become ia"
P,xv orysr1oy-The following letter from " a1'
ing,oo yiyes - clear and Just new OF the b
Wbig Cabinet on the Bank Question OF the
TIL .l s,,}iec, Is surrounded and Of the eA"e'-'
isara,eness. as it strikes US, Of the attack
,,.le ,,o, Nessr Webster, Granger ana LIVING 0-
,ov,ing ND their places and hurting al i''
1de, TYLER would no. instantly rcca''' a' a'''
.;io,, ,icb he has cherished and openly aE'"eS "'
- IS century, that place 1t entire before
our eadr 1t appeared originally n est evening OolA-
r,ercial. loo
Tho more &c consider this matter the more unwSe doe'
M course appear which the Cabinet censured for not
hiking. Suppose they n2d thrown up their Place'-"oud
M have yanquishe1 President Tyers objections TO an old
fashioned Bank Obviously not br ,he contrary noua
it have healed the difference Of opinion elsewhere preVang'
By no eans-it would have given it emphasis and made
= landmark of division Would it have increased ne PRO
liabilities Of obtaining an efficient Bank Mo- would have
placed such result entirely of the question In short
it would ravc done nothing but mischief and that OF the
most raornentous kind But TO the Letter:
WAsHrxcros, July l6 IL Il.
Nv Dr,p Stp-I am o,ftc willing your ques-
lions and 10 give you my opinion fully the BANK SUBJECT
Without replying your inquiries m ther ORDER the oec'
OF the whole of them may be by soInc general remarks
No doubt tiat Tue at"
was oyerhrown chiefly by feeling OF opposition 10 us o
lcy in regard Finance and Currency Ocf causes CO.
operated but this must be admitted To nave been " aI 'e
most general ana the most powerful 1t Is quite cear
therefore that thorough change OF this policy IS def,1
bv The People of the present Government and tins end De
attained the greatest purpose OF the revolution WI" Oe
defeated All this is Obvious enough
Iii true also that among those who sought, by change
of courses to effect sauar change regard TO Finance
and Currency great majority entertained the opinion that
the agency Bank Indispensable But TINS sentiment
was not unanimous Many Of the Southern opPoser OF the
policy of Jackson and Mr.. Van Buren, were not DaA
men Your memory vii Immediately supply you with long
iii of persons of this class in that quarter OF the country
and though united IN the North yet even
there exceptions existed The distinguished Senator from
your own State had after coming anew to the Senate
maintained the utionaity Of all Bank charters under
this Government. The failure of the Dcp0sitc system, IN
1887 probably increased the number of the friends OF Bank
but still there remained many persons who convinced OF
expedency did nevertheless admit the constitutions
power TO establish such institution.
Under these circumstances, the Wing Convention met at
Harrisburg December 1889 and nominated Cen Harri-
son and Mr. Tylor candidates for President and wee re-
siden Tie opinions of these gentlemen were generaiy
known on all political Subjects and those OF the latter gen.
icnan especially the Bank question, were as wen known
as the sentiments of any public any subject what
ever From 1919 the day ofnomnaon those sentiments
had been expressed and repeated all FORMS both IN ana
out of Congress The nominated both these gen.
:lemen without asking receiving pledges. and soeiy on
the ground known character and oplious, ana on
the course it, opinions frequently called Tor and ex-
pressed especially by Gen. Harrison
Now without gong into particulars, fair account OF
General Huson opinions is, that VITA strong eanings
0eatuM BACK of the United States 1t " sh"nid b'
be necessary in order to carry on the Government
successfully he would sanction It, Aud Tor The same reason
he would consent TO give the Bank such powers, and no
others as shoa be found to be dtSPenSa6y necessary
This general doctrine of his speech at Dayton and Is
in consoance with opinions expressed by Kim other coca
sons. He will there be have placed this constitu
tional power OF Congress establish Bank, upon that
clause of the Constitution which authorizes all laws
and proper for carving the OF Government
to effect This Gen. Harrisons ground and on this
ground fought the battle for him. We elected him we
him nauguratcd-wc him surround himself with
CABINET and upon his high duues-but death temina
ted his career at the end of the first month of his admins
tation The Executive power devolved the Vice Presi
ident He repaired Washington found Extra Session
Congress already summoned and requested the continued
of those Heads of Departments who had been
pointed by Gen. Harrison.
Now ,chat lcas 1t tie dty of these gentlemen 10 do
do propose this question: for several reasons
But leave for your own reflections and repeat it-'ch0
they 10 dol On the Bank queon-hat Is on the eX
of the Constitutional power OF Congess-hey differed
from the President and readily be supposed that where
there mutual respect and confidence, all pactc2os
means of approximation and agreement were honestly a'
candidv cxered Nor can bc all doubted that the
President from Difference the sentiments OF the people
who had elected Gen Harrison would far possible for
bear from disturbing thing settled by him. and that N
would also the of his powell and SO far aS his con
scienious of duty himself would allow do every h'n
to fulfil those public hopes which his election had inspired
Put he too had elected the second Office by the PEG
pie with welknown opinions this great Constitutions
matter any modification of which must be LETT 10 his own
ectons and his The power OF approvin
or disappearing Congress is power belonging III
President alone. He may advise with his Cabinet but tn
entire responsibility of the final decision rests with him.
Blu, the position of the President in regard to the BAN
question was not the only difficulty. Important Wing Mem
bes in both branches of the Legislature stood in the SAM
relation this question the President need not mann
particular senemen but there good TO believe
from the first, that Bank Charter without essentia
alterations from the old forms would get through
Congress.
Under these circumstances the Secretary of the Treasu
called on for his plan Tor Bank Two sets of opinion
exist to the manner in which he ought to have executed
this duty.
First, there those who think that regardless OF an
ether opinions, and OF the practcabiy impracticabi
of hna passase INTO law the Sece,arv ought 10 hay