The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-08-07
From The Albany Epening Jurnai
THE pANH AVN THE ppElInENT

The opposition Press continues TO assert, and with
strengthened confidence that the President Will refuse
his assent TO the bill from the Senate authorizing The
establishment Of Bank of the United Staes We
without apprehension that such may be the re-
suit.
We do not know the precise nature OF The Presl-
dents opinions They ought be ascertan ned, and
it possible, obylaied. The action Of the Executive
and Congressional Departments of the Government
should not conflict As great political family, win
common interests and common duties the spit OF con
cession and harmony should be cultivated --Fnends
should bear and forbea Ii the President, entertaining
peculiar sentiments upon this subject Is embarrassed b
the former avowa ofhose sentiments Congfe should
endeavor to meet him upon some middle ground IL ~
the bill, II came from the Senate the compromise
is not broad enough, we hope the House of RePesen-
taiiyes will make so. The surrender of the Bnnch
ing power IN our Judgment Is no real sacrifice. Such
concession may very properly and safely be made 10
State pride If not to State rights And there is much
of riSdom as OF proprey IN this concession All the
practical advantages of Bank of the United States
will be obtained IN that way, without hnzardig any
public interest Let the establishment of Branch de
pend upon the consent of the Sale-dnd that consent
teiH be obt1tned Bat after issue has been made
you establish bank, against the of Safe
will either be dnNen out rendered obnoxious and
useless. For example II National Bank should
be chartered with the power establish Branches
only in States whose Legislatures gave their assent
LOUISIANA, MISSISSIPPI, &c would Immediately invite
the establishment OF Branches. Missouri on the
other hand would as promptly reject the Banch
The citizens OF the former States, therefore, would
find themselves in the enjoyment Of advantages which
denied TO the citizens of the latter State There
is principle in human nature which invariably leads
US to desire whatever is placed beyond our reach
When the citizens OF Missouri should fnd themselves
deprived OF advantages enjoyed by tier neghbors This
principle would be called into action Col. Benton
and his Destrucves would take ground against and
the w hgs in faror Of admitting Branch; and We
predict that upon the issue Missouri
would be Tevolutonized in two years.
The remark is applicable to the question in It's
general bearings The Destructive party OF the
Union is arIayed against the Bank Calhoun, Ben
ton Wright, Ingersoll &c in Congress sustained by
the Globe, Enquirer Argus &c. have already decar-
ed against il. The moment the charter Is OBJ
tanned, the opposition commence their agitation fol
its Repeal" The only popular element upon which
the Destructivcs rely is in the Branching feature
Yield that power fully and we disarm our enemies
Let the people Of the several States elect accept
rcec, Branch and all the pretex for agitation" is !,
end The States after the question had been pass,
ed upon by the People, will admit the Branches, ami
thencefonh Loco Focoism has lost its potent power lo
do evil.
If therefore the frank and full surrender of tie
Branching Power would obyiate the Presidents obec
tons the bill submit to friends in Congress
whether it snot cmnently their duty TO meet his views
The Bank question is by free from Difficult
ties. With The experience of the last few years
President may well require that Bill should contain
the highest guarantees for the protection Of the pub
lie welfare before giving it his approval We do moi
wonder that the President should pa view of the
bare bones Of the monster. 1 hat miserable shell
is as frightfu as it is ,sckening. But the country
should not be deprived of an indispensable Institution
because Mr. Biddlcdestroyed that over which he pres
ded