Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1841-09-17
lost severely felt. Nor are these the only con.

most severely felt. Nor are these the only con
sequences resumption OF specie payments by
me Banks OF those states, would be liable to in
definite pos poncment---for, as the operation OF
the agencies in the interior would chiefly con-
sist IN selling bills of exchange, and the pur-
cnaSes could only be made III specie or the notes
oil specie paying banks, the State Banks would
either have TO continue with their doors closed.
or exist at the mercy of this national monopoly
OF brokerage. Nor eau it be passed over with.
uut remark, that whilst the Dlstr ct Of Columbia
isimlde the scat tho principal bank, its Cit
zens are excluded from all participation in any
benefit 1t might aflrd, by a positive prohibition
on the Iaak from AL dlscountiny within the Dis
trct.
These are some ofthc objections which PROM
ineni'y exist agans, the details % the bill, others
! might be urged OF mach iorcc--but it would be
Improbable to dwell upon them, Sllli e it to
add, that thus charter is designed to continue
'or twenty years without coInpctltor-that the
detects 10 which have alluded, DC ny well ionn-
ded N the fundamental law of the Corporation,
are irrerocable-and It the objections be wei
lonnded, it would be over hazardous to pass the
bill into law.
In conclusion take leave most respectfully
to say, that have felt the most anxious solicit
tude to meet the wishes of Congress in the adop-
ton of FISCAL Agent, which, avoiding all co.,
etltutoual objections, should harmonize confc.
ting opinions. Actua,ed by this feeling, | have
been ready to yield much, in spirit OF
Cancellation, to the opinions OF others. And it is
with great pain that now feel compelled to DIFF.
fer from Congress second time in the same
session. At the CONNIE 1cemcnt of this session,
inclined from choice to defer to the legislative
will, submitted to Congress the proprlety of
| adopting Fiscal Agent which, without viola
ting the Constitution, would separate the public
| money rom Executive contro', perform the op-
sratons of the Treasury without being burden
some to the people, or announcement, or expen-
sve to the Government.
1t lie deeply to be regretted, that this Depart
ment OF the Government cannot, upon Constitu-
tlonaI grounds, concur with the Legislative De-
partment in this last measure proposed to attain
these desirable objects. Owing to the brie
space between the period Of the dealt, of my la.
mcnied Predecessor and my own installation in
10 office, was, in fact, not left time to prepare
and submit one ofmy own, in my regular mes
sage, and ence, my mind has been wholly occu-
pied in most anxious attempt to conform my
| action to thelegisatve will. In this commune
cation, am confined by the constitution to my
| objections, simply TO this bill, but the period
OF the regular session will soon arrive, when it
will be my duty under another clause Of the
Constitution go give to the Congress iniorma-
ton Of the state Of the Union, and Recommend
TO their consideration such measures as shall
Judge necessary and expeden.'' And ! most
| respectfully submit, in spirit Of harmony,
whether the popularity Of my situation does not
enltle me to a postponcnent of this subject to
| a more ausplclous period for deliberaton.
| The two Houses Of Congress have distin-
gushed themselves at this extraordinary session,
tl., fNnp I'll.
Dor at a season very unfavorabe, both to hea tn
and action and have passed many laws, which,
trust will prove highly beneficial to the ner-
oSts OF the country. and fully answer It's just ex-
Pecta'ions. 1t has been my good fortune and
pleasure, TO concur with them in all measures
except this. And why should our d ficrences on
this alone be pushed to extremes 1t is my
anxious desire that it should no, be. ltoo, have
been burdencd with extraordinary abors of late
and sincerely desire time for deep and deIIb.
crate reflection, on this the greatest difficulty OF
my administration May We not no pause. un.
III more favorable time, when with the most
anxious hope that the Executive and Congress
may cordially unite, some measure of finance
may be deliberately adopted promotive of the
good OF our common country.
Will take this occasion to declare that the
conclusions to which lhave brought myself, are
those OF a settled conviction, founded in my
opinion on a just view OF the Constitution
That IN arriving at IT, have been actuated by
no Other motive or desire, than to uphold the in
stI'utloAs OF the country, as they have come down
to It's from the hands OF our God.like ancestors
and that shall esteem my efforts to sustain
them even though perish, more honorable than
to win the applause OF men by a sacrifice Of my
duty and my conscience. JOHN TYLER.
Washington, Sept. Q, lSil.