Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-08-09

The Boston Radicals are very seriously annoy
ed ut the late disclosures of Mr.. JefIerson's CON
viciions--jhe result of his experience in the nd
mnistration of the Government-of the necessi-
~ OF nn,ionnl Bank so long as there exist State
Banks. We are not surprised that these Radicals
take this admission of Mr.. Jefferson unkndy, for
the name of that eminent man is about the only
stay left To them in the present shattered condition
OF their party When he fails them, their case is
desperate.
The Boston Pest is, we observe, at great pains
TO prove that Mr.. Jefferson's abstract opinion was
adverse TO National Bank, bsth unconstu-
tonal and nexpedient Such undoubtedly
his doctrine on the subject aud his doclriue on
any subject which he had well studied wus enti-
tied TO great weight But, had Mr.. jefferson well
considered the question when he first committed
himself ny the expression Of an opinion upon it
which his pride of consistency became interested
IN afterwards maintaining? Mr.. Jefferson was
not member of the Convention he was in Flu
rope when the Constitution was adopted. Nor
was lie in the United States at any time during
the discussion of it, He could not therefore know
SO well the purposes of the Constitution rs those
who framed it. His original opinion against the
constltutionaity of U. 5. Bank could not stand,
therefore, 'agalnst the opinion of the members Of
the Convention who were living in 1891. OF
these, ftoenty were Members of Congress at the
time the nc; establishing the Bank passed;
Str only OF whom voted against it, viz. in the SEN
Representatives, Mr.. Baldwin, Mr.. Daniel Carroll,
Mr.. Madison, and Mr.. Williamson. In the de-
bate upon the passage of the act Elbridge Gerry,
whose opinions every man in Massachusetts who
pretends to be Democrat ought to respect-who
had been member o. the Convention, and who
was as capable of judging, and had hundred
times more than Mr.. Jefferson the means of know
ing, what the Constitution manufactured, in his
Speech in the House of Representatives, that he
thought Congress tcere as competent 10 .abiish
National Bank as either House ,pas 10 adjourn
from day 10 day."
But, let the'opinion of Mr. Jefferson in 1901 be
rated at what value 1t may, Mr.. Jefferson had not
been long Mt the helm Of the General Government
before he discovered the value of he existing
Bank as fiscal agent, aud not only consented to,
but by his signature approved, the extension of
branches of the institution into the newly acquired
territories of the United States, TO which terrific
rles he stood in the relation ofa peculiarly respon-
sible and deeply attached guardian and protector.
Subsequently, when, during the last year of his
Administration, j, was recommended by the Sec
rotary OF the Treasury that the Charter OF The
Bank OF 1871 should be renewed, Ia recommen-
daton which unhappily faed oil It's due cffect,)
MIR. Jefferson, who had unlimited confidence in
Mr.. Gallatn, then Secretary had determined, il
the question had presented itself 10 him before
the expiration ofhis term of service, to be at least
passive in regard 10 it. If he lai not signed any
bill that passed for the renewal of the Charter, he
would not have vetoed it.-Naiional Inteiigencer.