The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-10-02
FOR The MADIsoNIAN.

IT,. ..,t.Gs r-F Az FOR THE rMADISoNIAN.
.ai.aa3 d Mr.. EWING'S LETTER. n fl,atc
In my preceding communication, clearly demon
strated by Mr. Ewings own letter that President Ty-
Ter never sanctioned the first BILL either expressly or
implisdly". And Mr.. Ewing himself thus confirms
it: ... ...s., .....g,. Z .--..- ...-:.- IT, +
Your Veto to the first bill you rested on constitu-
onal gaound and the high convictions of conscience
and no man, in my opinion, had right to question
your sincerity" Ef#W aSn4t b. W IF9Isf g7@t +
at will now proceed to show by the same authority
that the President did not sanction The second BILL
And that when Mr.. Ewing, speaking of the second
bill says this bill framed and fashioned accord
ing to your o1On suggestions" he asserts that which
he must have known to have been untounded and
untrue; and which will prone by his o,on admissions
in the following extracts (
Mr.. Badger said that, on inquiry, he was happy
TO find that the best temper prevailed in the two
Houses He believed they were perfectly ready to
take up the bill reported by the Secretary Of the Irea
sury, and pass il at once. You replied Talk not to me
of Mr.. Ewings bill it contains that odious feature of
local discounts, which have repudiated in my Mes
sage ..,,rr, ,.s..r,"f.r 'J..s..,, .. ',.,, /
Here is Mr. Ewing's own admission that the Presi-
dent rejected his bill. And why Because it sane
toned "local discounts" But the President, anx-
ious that he might be clearly comprehended, desired
Mr. Ewing to define what he supposed or understood
his views TO be, and says: 4, H. ...,
"What do you understand to be my opinions Z
State them, SO that may that there is misap
prehension about them" g gvlsE at M@,F ~
Il then said that understood you to be of opinion
that Congress might charter Bank in the District OF
Columbia giving 1t its location here. To this you
scented, That they might authorize such bank to es-
tablish offices Of discount and deposit in the several
States, with the assent of the States. To this you
replied, Don't name discounts; they hare been the
source Of the most abominable corruptions and are
wholly unnecessary 10 enable the Bank to discharge
it's duties to the country and the Government
Would any suppose, then, after this, that upon
the request Of the President that 4 bill might be pre-
sented such he could approve without nconsisten-
cyl this Mr.. Ewing would have again introduced a
bill with the odious discount feature z Yet such is
the fact and that after his own admission that the
President thought it I" the source Of the most abo-
nabie corrupfions"
81 then proceeded to say that understood you to
be Of opinion that Congress might authorize such
Bank TO establish agencies in the several States with
power to deal in bills of exchange without the assent
Of the States to which you replied, Yes if they be
foreign bills, bills drawn in one State, and payable
in onother That is all the power necessary for trans
hitting the public funds and regulating exchanges
and the currency." taa t a|
Now admitting that dealing" in bills Of exchange
in its usual accepation, discounting" would
any one assert the Presidents meaning to have
BEEN after the above condemnation of Bank of dis
count twice in the conversation Certainly not.
And the man who could so construe il unless an
idiot, must be a knops. Nothing to an honest mind
can be more clear and comprehensive. But what does
the President by dealing in exchanges il it is
not discounting1 Why selling its bills, drawn
on its various branches or agencies, and thus re
gnlating the exchanges and the currency, by fur
nishing a uniform and safe remittance at the
least possible rate of exchange to wit the cost only
which Is all the Government needs or the people de-
sire But my purpose this time u.s. to show that the
President nepr sanctioned the second bill ! there
fore proceed with Mr.. Ewings extracts. He says