The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-09-16

fore our readers another Veto Message
from President r. Ter, which we are ena-
bled to do from the Greeasborough Patr;-
1T There is very lille doubt Of the exis-
tence Of a CaJul at Washington whose OBJ
jet is to break up the Wing party. But
to the Wings Of North Carolina, we say
be united--alhough We have been wound
ed By friend, "set united VIC stand, d.
yidcd We fall
MESSAGE
From the presiden, Of the United States, retn-a-
I ing, with his objections, the bin 40 provide
for the better collection, satekeoping, aud dis
! bursemeot Of the public revenue by means of
eorpor.tion, 10 be lsd the Fiscal Corpora
ton Of the United States"
( 10 fae Hoase If Regresentatirecoftae y. States.
/ Il with extreme regret that feel myself
constrained, BY my duty faithfully to execute
the ofcs Of President of the United States
ard to the best Of my ability to preserve protect
aad de!tud the Constitution Of the United States
( 10 return to that House 10 which It originated
/ lilo bill ito provide for the better collection.
sstnAeeping, aud disbursement OF tlie public reye
uue. by means Of a corporation 10 be STYLED the
Fiscal Corporation Of Ia, Uaitcd States" with
my written objections.
In uy message sent 10 tie Senate on the iG,h
Day Of August last, returning the bill 10 incor-
pora,c the Subscribers 10 tho Fiscal Banl Of tie
! United States | distinctly declared that NV
oan opinion Mad been uniformly proclaimed 10
Be against the exercise Of the power Of Congress
I 10 create National Bank to operate PER Sc over
Z tho Union :" and entertaining that opinion, my
/ main objection 10 that bill was based upon the
highest moral and religious objections Of con
selcnco and the Constitution. | readily admit:
I that whilsi the qualified rcio with which tho Chief
Z Magistrate is invested should be regarded, and
was intended by the wise men who made il part
of the Constitution, Gs great Conservative pyin
ciple VI oar system without the exercise Of which
On important occasions, q mere representative ma
joIity might urge the Government in its legisa-
t.on beyond the limiis fixed by It's trainers. or
might exert It's Just powers too hastily or oppres-
alFoyi yet il IS power which ought 10 be most
cautiously czerisd md perhaps never, except ia
ease mHEenty iavolyIug the public interest,
( GO one ia which the oath Of The President, acting
under his convictions, both mental aud moral,
mper.ously requires It's exercise. In such q case
( no has no alternative lie must either exert the
negative power entrusted 10 him BY the Consi,u-
ton chiefly for lis own preservation, protection
and de.ence, OF commit an act Of gross moral tur
p.tudc. More regard to the will Of minority
must not. IA ) Constitutional Republic ike ours,
control tbs sacred and solemn duty OF a sworn
officer. The Constitution itself. | regard aud
cherish IS the embodied and written will Of the
whole people Of the United States. /, IS Their
Fixed and fundamental law. which they unapl-
moCsly prescribe TO tue public tunctionarlos, their
mere trustees aud servants. This, thor viii, and
the law which they have given US as the rule Of
our action, has no guard, no guarantee Of pres
cFyauou, protection, and defence, but the oaths
which it p;escribes 10 the public officers the sane
l,y with which they 81 ll rel giousy observe their
olths. and tie patriotism Rtth which the people
shall shield it b. their own sovereign VIII, which
has mads the Constitution supreme. 1t mast BE
cNer,cd against the Will OF a more representatives
maiotiiy, OF not at lll. Il is alone in pursuance
d. that VIII that any measure can ever roach Tho
President; and 70 say that because majority n
Congress have passed bill, the President shalt
therefore sanction Il, Is 10 abfugate the power al
together, and 10 render its insertion IN the Con
s.tlu,ion work OF absolute >upereroga;ion. The
daty IS o guard The fundamental VIII Of the poo
pit themselves from 81 t!.s case, ! admit, unIn-
teHu1na! change or lnlractIaa Jy 4 majority m
Congress Aud in that light alone, do | regard
tic Constitutional duty which now most Tcluc.
family discharge.
Is this bill now presented for NY approval OF
disapproyal, such a BIZ as | have already teclaF
Cd could not receive my sanction Is ii such
BIZ. as calls for tho exercise Of the negative pow
81 under the Constitution Does it violate the
Constitution, by creating National Bank, to
operate prr =, over the Union lis title, IN the
first place. describes its general character. II is
An act TO provide for the better collection, safe
keeping, and disbursement of the gg,'ic revenue
b. means OF corporation, to be styled the ItSeat
rorpergff0a ef he United Staicsn Ia style,
then. Il is plainly nationa ia It's character, Its
powers, functions, and duties, are those which .
pertain to the collecting, keeping, and diSbM%fng
The pa5lic revenue. The means by which these (
are TO be eNcrted is corporation 10 be styled tho
Fiscal Corporation Of The United States u IS {
a corporation created By the Congress OF the Uni
ted States, 10 the character Of National Legis-
latrrc for the whole Union, TO perform the fiscal
rilrposcs, meet the fiscal wants and oXigencies,
supply tie fiscal uses, aud exert the fiscal agen-
clcs o. the Treasury of the United States. Such
is is own description of itself Do lis provisions
contradict iis title They 60 not II is true
that BY It's first section it provides that 1t shall
be established in the District Of Columbia; but
the amount Of its capital the manner IN which r.
lis stock is to be subscribed for and held-thc
persons, bodies corporate and polite, by whom
its stock msy be held--the appointment OF lis
directors, and their powers and dntios-its fun
damental articles, especially that to establish
agencies in any part Of the union-tho corpor-
ale powers and business of such agences--tho
prohibition Of Congress 10 establish any other
corporation with similar powers for twenty years,
" i,h express reservation III the same clause to
modify or create any bank for the District OF Co
lumbia. so that the aggregate capital shall not ;
exceed five millions-without enumeratng other
features which are equally distinctive and char
show that 1t cannot be regard
ed as other than a Bank of the United States,
with powers seemingly more limited than have
been granted TO such an institution
It operates per Sc over the Union, by virtue OF
he unaled, and, in my view, assumed authority
Of Congress as National Legislature, as dlsiln-
punishable from bank created by Congress Tor
Ihe District of Columbia, as the local Leglsla- {
iure of tho District. Every United States BANK
created has had power to deal IN oilis
Of exchange, as well as in local discounts Both