Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-08-21
WHEELING.
eAruRDAY MORNING. AUGUST 81. 1871
THE + t MESSAGE.

1HE VETO MESSAGE.
We received, on Thursday morning. not long az
ter our paper was circulated. = copy Of tho message
ofNir. Tyler. returning the ball passed by both hous-
es of Congress, To incorporate the subscribers TO the
Eiscal Bank Of tho United Suites, with his objectSons.
TO say we received that message with much SUI
puso will but poorly portray our feeling when
IL was announced to us. We have expressed. as
we candidly entertained, no apprehension that this
bill would meet with the fate it has met. because
we believed MIR. Tyler would ooneede tho points
in question for harmony but while we felt that de
gree Of surprise, we Gun candrdly say 'ha' we -"
none of that Indignation which seems TO have ouih-
ed in the breasts Of many Of our wing Trends we
set il down as 81 much lost, and tho only proper sub
icct of consideration now was, how bosi the loss
could be repaired.
We admire the beautiful and unnamed siced That
chafes and paws the earth aud caracoles under the
bin and kicks at the sound Of an angry voice; but
we would not purchase such an one for domestic use.
nor hrc him for u drive. The comparison may be
pronounced odious but it must be remembered that
with the nobler purposes, higher aims, enlarged
views, and broader field Of action in nan. response
bdiiy Of action proporlionably increases nnd the me-
cessity becomes more ~polpable Of acting from the
Indications Of n calm reason and a sOunn judgment.
unmoved by any of those freaks Of passion too often
exiolled and almost habitually urged by a portion Of
the public prcss.
1t is true that the bank bill has failed IN becoming
n law in the form 1t passed Congress; but because
that is lost. all Is not necessarily lust-ihere are I'M
portlnt acts that have now become laws ofIhe land
the repeal of the sub-treasury, the funding the
public debt. and many great measures will probably
succeed which arc now before Congress, provided
the members Of the two houses besiow that patriotic
and energetic labor 10 them that they deserve
These measures are important, they are all i'm
rroriant and the existence of some agent is necessary
TO The management of the fiscal affairs OF the go
vemmeni. Il manifesily. therefore, becomes the
duty of the members Of Congress who have the guod
Of their country al heart. to devise, if practicable.
some bill Of the kind which may become a law.
The leading objections Of the Pesident TO the bill
grew out Of the grant Of power 10 discount local
paper. and the 10Th section Of The bill which pro
vides that unless q St1to rejects n bfsnch Of thC
bank al the first session after it's passage. the banl
shall have power TO establish one within its borders
We have never entertained u doubt Of the powe
aud right Of Congress 10 place It's agents of whatey
ct character. in any of the States it saw proper
but We do no, consider the waving The exercise q
that right rs yielding IL, Its exercise is at best
trus, Of difficulty and perhaps danger. Its exercise
in the present instance. will make enemies 10 tr'
party that labor for the c~ouniry's veal. sud car
make no friends its exercise. now discussion is =
general aud feeling 81 much excited must Great,
abundant sensations, which 10 heal were wise
Avn, tkoo mas, No, r,,-.~.. ...;,o H.. -o.o- ~.
evidently possesses. for The time being. aud retain i
for such occasion as its use may become absolutely
necessary. IL is evident that the only legitimal,
purpose OF a fiscal ngency is. to keep and transmit
the government funds. furnish q currency of uniform
value throughout The Union, and TO collect debts IN
oil parts Of it al moderate cost. The power To issue
notes and To discount local paper is OILY required OF
regarded us incidental and considered necessary oRly
70 produce the above desired effects. The fIsi is
unquestIonably necessary of the necessity or ex-
Iediency Of the latter there is doubt IN the minds
OF many. For ourselves. we acknowledge. feel, and
have ever felt the evils and dangers that may be
found attendant uPoa the power TO discount local
Paper, but while we have felt them, we have looked
upon them as far less serious, far less to be dreaded
than The evils Of being without a fiscal agent. n re-
guiator Of the currency, md n medium fr The col
lection Of debts. In other words, were we sure
that the stock could be taken aud uh1rd to lis owners
unreasonable dividend. 81 as 10 make it desirable,
we would prefer a bank without power to discount
local paper; but We have feared thol such a charter
might become a dead letter. by capitalists refusing
To invest ~ II. We hoped and trusted that Mr. "
Ter took VIC same view, entertained similar fears,
aid looking upon She constitution rs an instrument
designed 10 promote the greatest happiness Of the
people. not 10 hang theories upon, would give the
bill ms cordial sanction. As he has thought other
wise and evidently does notdoubt that another fiscal
agent may be got into operation, 1t becomes nccessa
~ 10 revert 10 the other e~Kpcdieni, AMI try the Ope
ration of the charter itho cabinet proposes. We
earnestly hope that ell tho wings will now engage
their whole energies IN tie work Of passing a bill.
1ud The best bill that will meet with The executive.
sanction. together with all tho other necessary and
e~rpedient adjourn aud wait the result. Moth
mg can DO gained by any other course every hing
may be lost. There never was a time when the
Ininotic action Of Congress was ~ much demand
ed there never ives a line when union end har-
.mony were ., urgently called 6r-thore never wa
a time when temper. siubbomnos and adherence O.
particular Opinions md contention ir spociul low
q" were 80 criminal az now.
We sec no announcement Of The resignation Of
'ho cabinet as was expected by some. aud We hop,
ihey VIII not take uHy such step. We hope Il, 90,
2em and and Congress do He oors,,y al The oo,
"'y "a" aHd wait for q favorable opportunity 10 dc
more.