Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-06-26
THE BANK QUESTION.


While all eyes are directed toward
Washington, watching the action of Con-
gress in reference to the great questions of
the currency and finances, it may not be
Improbable to turn away moment from
the mere political press, by which it will
be seen the views we expressed of the
message of the President are strengthened
by what is assumed land we have no doubt
JUSTIFY of the views and purposes of the
Secretary Of the Treasury We do not
profess to be much wiser than our cotem-
poraries hereabouts--bu as they will have
candour enough to admit that we were
right during the canvass, in assuring the
country that there would be no danger of
mammoth bank under Harrison and Tyler.
we only now ask credence for the assurance
that such an institution, and such an one
only, as shall be Invested of the Constitu-
tional and other reasonable objections
which were taken to the late bank, can
possibly become LAW. Such an institu-
ton, it is hoped, will unite at least the
great body of the people-perhaps, also, the
politicians.
The following is from the correspondence
of the New York Herald. We are not to
be understood as adopting its tone, but as
concurring in its most prominent conclu-
sions.
f.. WASHINGTON, June 5.
Fiscal Agent. Position Of the Notwithstanding
Committee Of the House--Mr. Sergeant.
| There is good deal of curiosity manifested here
concerning the plan Of the Secretary Of the Treas
ury for fiscal agent for the Government 1t can
not now be communicated to Congress before Tues
day. Mr.. Wise offered a resolution on Thursday
to call upon the Secretary for it; but owing to the
jealousy entertained in the House Of him, and the
disorder and confusion which prevailed nearly all
day, the resolution was not acted upon and the call
cannot be made before Monday,
| The spectators various and contradictory
as to the character and details of the scheme. The
better opinion is that Mr.. Ewing has sketched out
plan of fiscal agent, which will steer clear of
all constitutional difficulties combine safety and
efficiency in keeping and Disturbing the public mo-
ney, and assist, far any action of the govern
ment is capable of DOING in equalzing exchanges
and in giving stability and uniformity to the cur
rency. 1t is highly probable that scheme whose
features shall oe such as to promise these beneficial
results, will eventually receive the appreciation
have the of the President, distinctly giveI
in the message, that he will give his sanction to thu
measure. 1t is presumed that the location, or a
: least the control will be here, and that branche
will not be established in TIE States, against thu
expressed dissent of the legislatures Of thes
S States.
It seems to be conceded that no big bank, for tn
accommodation Of the borrowers-no mammot
a institution; capable of passing into the hands o
O spectators, or liable in any way to the abuse G
corrupt officers aud directors, can be established.
t Whatever may be the action Of Congress-hou
e strong and secure the influence brought by tn
specializing classes to bear upon that body the pee
u pie have q representation in the President, VIII
i viii not hesitate to veto any bill that shall in hi
opinion, conflict with the Constitution or in an
way endanger the prosperity Of the country. II
% pledges himself to do in his message.
. The financial cques in Wall street and the
associates of every kith and kin, are doomed to
l. egregiousy disappointed in their expectations
he plumber from National Bank. The country is
be cursed with no such engine Of corruption TIL
a which has been in operation in Philadelphia subs
r. dizing the press bribing members of Congress,
ri wasting the substance Of the widow and orphan.
Vi President Tyler occupies position of perfe
IN independence. He owes his present elevation
!, the people, and the Providence of God Neith
" the public press, the politicians had any instr
mt mentality in procuring his sion to the
70 tive chair. He selected by the direct represe
tatiyes of the people at Harrisburg, not because
ut WINS identified with this or that sentiment par
MI interest, but because he was known prou
gallant independent man, an experienced state
man. of commanding intellect, and patriotic ve'
nd purposes. He had srenuously resisted t
aft corrupt principles and practices Of the Van Bur
" dynasty and tina: was enough for the honest a
yc, intelligent men who placed him on the ticket WI
tx General Harrison He came into power, fetter
vn, by no pledges, mixed up with no scheming poll
j. cians responsible to the people alone, and prepaI
~ .iEl H.. iafsn and