The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-08-10
WHOLE NO. 6S5.

ne'hougnt that the revenues OF the country could
be collected d,sbursed 10 the best advantage with
out the inierpositlon Of such an establishment 1
said 10 my letter TO SherIod Williams that ii Il was
plain that the revenues oil the Union could only be
collected and dIsburset in The most efeciua way by
means Of bank, and II was clearly Of opinion thai
the majority Of the people Of the United States desired
such an institution, then, and Then only, irouid
sign bW going 70 charter bank"
You perceive, Mr.. Chairman that our late lament.
ed President did not CONSIDER the question settled
men, ana ihen only, ioouid I sign a OIL going 10
eharfer bank, 10 his language. Did these honora
Die gentlemen who express much dlssat lsac ion al
the perseiseness OF those of friends who do not
consider the question settled Did they sir dissent
from General HARRISON views1 Did they max 2 nown
their dissenl3 Did they address letter TO General
Harrison expressive OF their surprise at his
Of the question az though II were a new one1 No
sri they supported his election, as did Not muir.
muir escaped Their lips But noie they can scarceiy
repres ther Indignation that any one should sneak II
the matter as unsettled. Ii, As they say that ms
KIND OF bank was the only true issue before the
country surely they should have read the lecture here
uei'eeu Ia GENERAL Harrison, previous Ia the cleo
tlon IL may be that II would have called forth some
further explanations of the opinions of the late Pref
dent. General Harrison another letter on the sub.
lect OF bank, speaks of the 1propriey of moi en-
croachng on the reserped rights Of tho States sir
am nor able 10 say whether he alluded to the right
establish branches but am informed that he did az
ter hrs election decidedly concur in the propnely OF
obtaining The voluntary assent Of the States to the
establishment Of branches within their limits would
ASK gentlemen how they neglect the opinions
expressed by Mr.. Tylcr, when candidate Tor the
ace Presidency. lie was called upon for his views
on The subject of bank by committee of III, ntico
county, virginia, and he IN reply SAID he endorsed
the OPINIONS of General Harrison as EXPRESSED in his
Dayton speech, and which have just quoted and he
further says, that they have y.ta duub remaining
he refers them TO his recorded opinions and particular
~ IN his speech in the Senate of the United Stats
IN 1918 OF the question of issuing sce facias against
the late United States Bank | will give YOU, sir, a
shor, extract from that speech
For, sir inasmuch as believe the creation of this
corporation to be unconstitutional j cannot without
violation Of my OATH hesitate to repair the breach
thus made in the CONSTITUTIONS when an opportunity
presents itself OF doing SO without violating the pub
lie faith"
Sir the President, and Vice President lately elected
by the people, agreed IN opinion the subject Of
bank ana am asionlshed to hear gentlemen express
SO much surprise at the recorded opinions Of their ia
vorlc candidates at the expression of similar sentl-
ments by the Wing party in Congress
! have before me, sir, speech made by the Hon.
William c. RNes, OF Virginia during the late Presi-
dental canvass and which speech contains about the
same sentiments, and was widely circulated not only
in the South, but in the North and West
have also before me- letter addressed by the Hon.
James Garland, of Virginia, to his constituents a few
months before the election. We all know love and
honor the writer, and acknowledge the value of his
services in the late election. will read short cx-
tract, After citing the letter Of General Harrison
the Hon. Sherrod Williams, he says
From this extract it is entirely manifest that Gen.
Harrison Is, upon constitutional grounds opposed 10
d National Bank and that it, as President Of the
United States, he should yicld his own scruples and
approve act 10 charter one teoua be from The
tuat necessities Of the Treasury relation to HE re-
cetpt and disbursement Of The public rerenue and the
unequtrocdi manifestations of public opinion in lis
tdr0r."
Sir, allow me to name one other gentleman of the
Wing party who took the same ground TO General
Harrlson's opinions; and, sir Of the most talented
and efficient advocates of his eecton-the Hon.
George +. Badger, Of North Carolina, the present Sc
crelary of the Navy The speech delivered by MIR.
Badger, was one of the most eloquent and mastery
productions Of the canvass, and | have understood
that fifty thousand copies published for dstribu
ton, by order OF the Wing Central Committee Of
North Carolina
could name many other prominent Wings who, at
the late election took the New Of he opinions
of General Harrison and MIR. Tyler but | deem it
| have | think proved that many OF
the w hg parry considered il an open question, and
that precise form of bank was agreed upon
No, sir the ground which ! assume is, that the Opt
mons OF the distinguished men which ! have just
quoted involve no inconsistency That The support
Ivy the hole Wing party, of General Harrison and
Mr.. Tyler, with these avowed sentiments, was per
fec,ly accordance with Wing principles, even the
question had been made solely the subject OF
bank All these gentlemen agree upon the proprieiy
0 establishing Fiscal Agent to collect an disburse
the public revenues and the only difficulty, un-
d,rstand now existing. is difference OF opinion TO
DEF allsthe branching power, and the privileges and
general powers 10 BE- granted 10 the Institution
On the power 10 establish branches wul say a
word The Secretary OF the Treasury informed US
al the opening OF tins session. thai lie prepared
with plan OF Fiscal Agen Of the Government,
hch, avoiding all cons tutona objections heretofore
urged against bank would still 10 the Gov
ernltent all the benefits Of such an institution in the
collrctlon and disbursement Of It's funds Congress
called upon the Secretary for the plan furnish
ed and sir would call your attention the clause
relative TO the power TO establish branches
Sc IT, That the said corporation shall establish
a comp,tent office OF discount and deposit in any
STATE Ivy the assent q the Legislature OF such Safe
y hcne>cr the directors may think fit do aud
when ablI>hed the Off e shall not he Withdrawn
without the assent Of Congress-, Sc.
This section requires The assent ofhe States to the
establishment OF branches. II Cabinet measure
il was doubtless draw IN spirl of compromise, aud
with sincere desire to avoid collisions of opinion
among the advocates of the proposed institution TINS
section, sir, has been rejected What my poor oIin
ion the proprley mp' opnety oiihe section just
quoted may be, Is matter of no consequence; shall
therefore not occupy the time of the committee in
giving that opinion but will say that considering
that il a Cabinet measure n matter of compro,
mise, drawn with sincere desire Ia harnonize con
Hcting opinlonsl regret that has been rejected.
fear that evil consequences viii gro out Of this re-
lection But let the result he what II may, feel that
have discharged ny duty, by my untirIng attempts |
10 reconcile the differences oi opinion which unhapply
exist
will Mr. Chairman, call the attention Of the com
mltlee the clause Of the bill now before u.s. which i
inserted as substitute for the section cmanating from
The Treasury Department. will read II
And the said directors may also establish or
more competent Offices OF discount and deposit any
Territory or District of the United States, and in any
State, with the assent OF such State; and when es
abllshed the said office offices shall be only with
irawu removed by the said directors prior to the
plration of tins charter with the previous assent Of