Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-09-25


~ proclaimed, and were borne on the most
familiar records of the national history, in
Cured an unqualified obligation to sign a
bill for Bank of the United States in the
contingency which has made him, in the
place of the lauented Harrison. President
of the United States.
| am firmly impressed with the belief,
| Mr. President, that if General Harrison
were now living, and in the same circum-
stances that surround President TYLER, he
would, like him, never yield his sanction
to the establishment of branches of such
a corporation as this bill proposes within
the limits Of the several States, without
their free and unshackled assent. In his
letter to Sherrod Williams he SAYS adopt
ing the language of General Jackson on a
similar occasion) that he believed Bank
of the United States, competent to fill all
the duties which may he required by the
Government, might be so organized as not
to infringe on our delegated powers or the
reserved rights of the St0ieS;' and if after
the example Of the honorable Senator from
Kentucky, may be permitted to alludc to
a passage Of the secret political history Of
the times, I will state that have been in
|
branches within their limits was favoritc
and fundamental idea with him in the or
ganzation of such an Institution. This
information, at least has been communi-
Gated to me by gentlemen who stood in re-
lations of the most intimate confidence
with General Harrison, one Of whom was
a member of the Committee who came to
this city to perform the melancholy duty
of attending the remains of the deceased
President to their final resting place at
North Bend.
think it abundantly demonstrated that
! there was no such issue as bank no bank
i presented to the nation in the late Prcs-
dental election. And even if it was 9TH
erwise, the well known opinions of Mr.. Ty-
Ter as candidate for the Vice Presidency
being not only unrcCanted, but, on the con-
trarv, reatfirmed, he at least was not pledg-
ed express or implied, to give his sanction
to an Institution which he believed to be
unconstitutional. The question has been
raised here whether he will sanction any
organization in the name of bank to con-
duct the fiscal affairs of the Government,
| have no means of information on this
sub iect which are not common to other gen.
tlemen. From the terms of the Executive
message | recollect that. if some fiscal
agency can be organized which. while its
, primary object is to conduct the financial
, operations of the Government. would Incl
dentally aid in regulating the exchanges
and currency of the country, without in
trlngng on the soverei gnty and reserved
rights of the States, he would deem such
an institution legitimate and constitutional.
, Such an institution. infer from the mes
sage, would, in his view. be different
thing from the former money lending, ira
! ding, specializing, stock jobbing Bank Of the
, United States. ruling and riding over inst-
tutionS and sovereignty of States.
Mr.. Clay said he must here again inter-
pose. He felt very sure the honorable Sen
:. otor did not intend to mls-state anything he
had said. He did not say what the Pres-
dent would or would not do with regard TO
a bank limited to the mere power of deal
ing in exchange. He had thought that. in
: respect to such bank. he would not have
required the previous assent of the States,
as the Senator now said he would. But
, what he had said was. that it must be man
itest from the message that the President
: would have vetoed such bank as was re-
ported by the Secretary of the Treasury
; Mr.. r. resumed | am not authorized
to say what the President would or would
not have done in ahypothetca case, which
has not occurred. and is not likely to occur.
), conclude with the language Of the mes
sage, that, whether in reference 10 an en-
change bank or bank of discount, if it
. were intended to be pushed beyond mere
: fiscal agency, and was to deal in exchanges
, generally by an extended operation.
through branches in the States, he would
hope the assent of the States to be ncces-
sary. wish it, however, To be distinctly
understood that do not say this by au-
: thority of the President. 1t is not
necessary at this time to discuss the ques-
ton what would or would not satisfy him.
But the Senator from Kentucky, by way
/, of pcturing 10 us, in holder relief, the re-
belious contumacy of the President says
that his We TO of this bank bill is against the
general sense Of the country, against the
will of Congress, and against the uhanl-
= nous consent Of the Cabinet.
Mr.. Clay | am the last person to sup
= pose the President purposes to misreprc-
sent me: but he will recnllcct that in speak
ing on that subject, used the most guarded
0 language. Thrice or four times repeated
n that spoke only according to the voice Of
t, rumor, when | stated that the veto was
r against the unanimous opinion of the Cab
h met.
n Mr.. X. The Senator most certainly did
n refer to the unanimous opinion of the Pres
III