The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-08-26
From the Globoger August I6.
THE VETO.

now presented IN our columns. we mink mai
il decides the question of Bank in eny form
for the present Presidential term, and that the
fuends of the Constitution may celebrate this
veto as they did that oi General Jackt on, az a
great dehversnce from that fatal system OF
corruption which in the course Of l,me could
not fail 10 make dollars. s0d hot votes, sOVer-
eign in this country
The message, it will be seen confines the
functions Of an CNcal aEeal which may be es"
taSlshcd, 10 tie Legitimate purppsas for " Inch
alone Congress has right to provide in coa-
noction with the Treasury lor the collecting,
cafe keeping aud DISTURBING tho public reven~
ue. The President epcrks volume in this:
81 piN sag that in looking to the pOwcrs Of the
Government to collect, S0Jeiy keep, and disdwse
the pubhc rcoeauc, aud Incidentally t0 regulate
COmmcrcs and erchauges hare not been ale
to satisfy myseLf that hs establishment By tbs
GOUermment et a dank gf discount IN the oyd!'
nary accsptltion NJ hat ierm i2as q necessary
means, or one demanaed by proprie'y, 10 c1e-
cute these po'Oers." We uudar> and the 'nci-
dental regulation Of commerce and cGchG"gts
by the operations of the Iroasur,, Ns mean
ing only that which necessarily follows tho &C.
ton Of tho Government in porformlng the IN
djspensabIc duty Of the Itcasu,y department.
IN relation 10 the revenue, which ought, N ev-
cry way, TO he accommodated 10 nil the public
Interests IN every p0ini on which II touches
them, The message evidently would c0nf"e
the faculties ofstte fiscal agent Of the Govern
mont TO tho dIoet objects Of the Departments
Of the Government of which il formed "a part,
and would not confer OIL il any additional sub
etantlYa pow er to regulate commerce and ex-
changes, but would mako the Government a.
Eency, employed IN lls o~u specific duty, op~
crate as adysntageousy As possi 'le on those
interests of The communi most illmately ell
lied with ii, viz: the commerce aud exchanges
Of the Unlon.
In this the President directly rcverses the
Federal scheme. A National Bank of dis
count has for its principal object the creation
nnd the Icrd'ng Of national 'rency, by
whtch ii would ~uperecde the currency Of the
c"nN tu'Ion And ins'cad of making the col
h ciIng, saic keeping and disbursing the publ
ic reveuue the main scope Of IT. action, the
taIalng Of revenue for lie Stockholders out Of
the public revenue ss well as its own capital,
would (apatt from Poltics) be lle great (unc-
ton. Tho collecting, safe keeping, ard dis
buFe"ment Of tho public money would be
mere incident, or rather the mere means on
which 1t " 0nld operate end divert from ils le-
climate objects, to compare its own. Ina
word, in making National Bank to do the
simple tus'ncss Of counting iu and counting
cut The pubic money, and Then surreudering
TO ii the power cf taxation, the faculty of flend-
ing, and Of making the money Of the nation
by lls issues, the nation in effect surrenders its
sovereignty 10 have very trivial function per-
formed for it-and that taken out Of the hands
Of On ordinary individual agent, every wheIo
found in oil ages ard countries perfectly com.
potent 10 il. Federalism ful6Is the old saw
about extraShgVnce in this, as in other thIDgs
it kills an OK to make sauce for pig.
Thea is another great point gained in tho
scope 10 Wbich President Tyler limits any fs-
cal agency which may be established, by con-
Gdlng it 10 the execution of legitimate Govern
mont functions. He destroys the possibility
of perpctua.ng any system which may be
adopted by Congress under the pretext Of
"rfstedrights. When an agency iS employed,
merely 10 collect, keep, end dIsburse the pub
lie money, il cannot be pretended that Com
grea cannot change, modify, or repeal at plea
suro sSch fiscal machine, as crcumatan ces
may vaFy, end experience provo TO be neces~
ssry. We shall hear no mare Of tho Govern
ment, being contracted away to q corporation,
and bouDc to submit to the abuses of suCh
"ehdrtercd HbGtinc," for twenty, or thirty, or
fifty years, Is those in power for the time be-
ing may choosetO barrier il, for The ouo or the
Olher Of these terms.
Bcsdes the political blessing, this veto
brings u h il moral, which We hope is preg-
nant with blessings for the future. j. puEIsh-
cs hcmG The most siTocous fraud ever sIemP'
ted upon rs,op. General HARRISON and Mr..
Tyler were selected Gs the candidates of the
bank party, because they wero tho solemDiy
pledged oppOnenis Of national Bank Oh Con-
siituiional grounds. They were known 10 be
so the whole Federal party, end were 90 pres
scented, for the votea of those opposed to The
establishment Of Bank, and when they had
attained power in part by theisuArugcs OF those
opposed 10 bank, i, is made manIleslby Mr..
Ciuy's Bill, that tho whClo representative body
Of Federalism in Congress, contemplated tie
monstrOus Outrage Of inducing the chief Ma
gistlale 10 violate bis conscience - his pledges
his oait--to establish an institution, against
which he was committed from bis first appear
0uce in public life, 10 his last, as candidate
for the second Office Of the Government. The
Federal party have lubored, might and main,
to make the man on whom they .have lsboted