Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1841-03-25
A BANK OF THE H. S.

The following letter will he read with interest at this
time, when much is said Of National Bank 1t
comes from Southern man, Georgian and gentle
man-of eight years experience at the Head OF the Fl
nance Department of the General Government.
WOodld,Cn, Dec. 1910.
Dear Sir-Your friendly letter, the subject of the
United States Bank, has been received by due course
OF mail. The opinion which ] formed of the United
States Bank when | was a member of the Senate, was
the result OF careful examination of the Constitution
of the United States made without preconccived opn-
ions. That opinion is recorded in two speeches which
made in the Senate, in the year 1911 Since that
time, have had no occasion of reviewing the ques
ton My opinion remains undifered,
was Secretary Of the Treasury more than eight
years, and during that time had ample evidence Of
the great utility of the Bank OF the United States in
managing the fiscal concerns of the Union. am per-
suaded that no man, whatever his preconceived opn
ion may be, can preside over the Treasury year.
without being deeply impressed with the expedency
OF the United States Bank in conducting the finances
Of the Union.
The provision Of the Constitution which gives Con-
gress the power To pass all laws which may be
sary and proper to carry into effect the enumerated
powers, gives Congress the right to pass the Bank
Bill. unless law pro per carry into effect the
power to collect and distribute the revenue should be
excluded by that provision
The opponents of the coustitutionality of the Bank
place great stress upon the word necessary contained
in the grant Of power, and insist that no law be
necessary but such, that without which tho power
could not be carried into effect Now this construc
ton appears to IN he ndefensible II does seem
to me- that the words necessary and proper, cannot
exclude law that is most proper to carry the power
into effect. Yet the uncOnstituonaty of the Bank
+ can be pronounced only upon that construction
| II appears IN me that the trainers Of our Consu-
ton never could have intended 10 exclude the passage
OF law most proper IN into effect, because IL
might be carried mpetiectly into effect by another law
My construction Of the grant power pass all laws
which may be necessary to carry the enumerated pow
ers into effect, include the poerto pass all laws which
are necessary and proper carry the enumerated pow
ers into effect m lie most perfect and complete man
her, and not in incomplete and imperfect manner
have seen complete developemcni Of the Pres-
dents plan Of bank II IL not impossible that 10y his
plan. the transmission Of the may be effected,
but the safety of tho public deposes be effect
ed by the Presidents plan. The advantage Of this
cury To the public is inc1lcuablc II ought not 10
be relinquished unless il be substantially proved
that the BanF of the u. States is UNCONSTITUTIONAL
This, think, cannot be satisfactorily shown Ny
speeches are recorded, and can be- repubshed II ne
cessary They contain the result oC the best inves-
CATION was able TO give the subject am persuaded
that could not improve upon how, m had the
oflnyes,igating the subject, vyhch have not
am, sir, your friend &c,
(Signed) WA H. CRAWFORD
! e. J. Ingersol, Esq.