Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1841-09-21

"a. There is no limit prescribed to the premium
in the purchase Of bdis OF exchange thereby cor
rcctinv none of me evils under which tie communi
- noe lab8rs, and operating most nJuFlcEsy upon
the agricultural states, which tie inequality IN
tic rates OF exchange are most severely felt. Nor
.rs these tie only consequences. resumption OF
specie payments by th- banks OF The States, would
be liable TO udcfn p stponement for Is the opera
tion OF tho agencies o! the ntercF would chiefly con
s.st in settling bills Of exchange and the purchases
could only be made specie, or IN notes OF banks
paying specie, the State banks would either have to
continue with their doors closed, or exist az the
mercy Of this national monopoly Of brokerage.
Nor can il be passed over without remark, that
whit tie District 4 Columbia Is made the seat Of
the principal bank lis CIT excluded FROM ali
participation n any benefit it might afford by pos
itive prohibition oi the bank from ali discountug
within the District.
These are some Of the objections which prominently
against the details Of The h others might be uTg
Cd Of much force but II would be Improbable t. dwell
upon them suffice add that tins charter j. designed
u continue for twenty years. without compeuor' that
the defects 10 which have alluded beng founded IN tie
fundamental law of the Corporation, are reN ocahie; and
that n objections be well founded, would be haz
ardous TO pass tic bin INTO law.
H. cone lusion take leave most respectfully 70 SAY,
that savc tel, tie most anxious soicudc 10 met the
wishes Of Congress The adoption Of Fiscal Agent
which, avoiding al constitutional objections should mar
monte conflicting opinions Actuated by tins feeling,
hay been ready weld much splrt OF Cancellation,
now feel compelled % differ from Congress second inie
m The session. 1T the commencement Of tins sos-
son. inclined from choice 10 defer To the legislative VIII,
| submitted 20 Congress Tie rfopuciy q adopting q
Fiscal Agent which, without violating the Constitution,
woald separate the public moneys from the Executive
control perform the operations Of the Treasury without
being bu cusomc 10 the People, or cHcu or cN-
pensVe 10 the Government u IS deeply TO be regretted
that this department Of to Government cannot, upon
constitutional and other grounds with the Legis-
ajse Department this last measure proposed 10 attain
these desirable objects.
Owing the brief space between the period Of the death
Of M, amen,ed predecessor and my lnsiament into
office was, fact Left Time prepare and submit
dcnltye commsudatlOn oml own IN my regular mes
sage aud since my mind has been wholly occupied m
attenP; conform action to the lessla
will la tins conmgnicatonl am confined by the Con
stiuon 10 my objections simply this bill but the pc
rod o the sular Session viii arrive, when II viii
be my duiy under another clause Of the CONSTITUTIONS 10
gvc 20 Congress information of the state Of the mon
and recommend To- their consideration such measures ~
/ shall Judge necessary and eXPedIent And most
respectfully submit ia spirit of harmony, whether the
present differences opinion should hc pressed further Al
tins time and whether the peculiarly Of my situation
does not cnte me To posponement Of this subject TO
more auspcious period for deliberation.
The two Houses of Congress have dist lnguished
themselves nj this extraordinary session, by the per-
formancc of al immense mass Of labor at season
very unav0rable both to health and action, and have
passed many laws which trust viii prove highly
bcncica the interest Of the country and fully
swer its just expeditions. II has been my gooC
fortune md pleasure TO concur with them IN al
measures, except tins, aa4 why should our differ
ence on this alone be pushed to extremes 1t is my
anxious desire that they should not be- |, toe
: have been burdcned with extraordinary; labors o
late and ! sincerely desire time for deep and delib
crate reflection hs, the greatest difficulty o. IN
administration. May not now pause, until
more favorable time. when with the most anXiou
hope that the Executive and Congress may cordial
" unite, some measure Of finance may be deliberate
> iy adopted, promotive of the good of our co.nmo
country.
Will take this occasion TO declare that the con
, illusions To which have brought myself are thos
u of settled conviction founded in my opinion, o
Just view OF the Constitution that, IN arriving IA
it. have been ac.uated by no other motive or dc
sire than to uphold the institutions Of the counir
as they have come down to from the hands OF on
godlikc ancestors; and that shall esteem my ei
i forts 10 sustain them, even though ! perish, NOR
y honorable than TO the applause OF men, by ga
., crIiice of my duty and my conscience
q JOHN TYLER.
: Washington, Sept O, 1911.