Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-10-09

IcoUld &c more easy than Il pass u bill while
would answer all necessary purposes; that
could be done in three DAYS. The next day, hay
ing occasion To see the President again, he RI
Hqueslcd furnish hIrn with such inf3rma 10
As The War Dcpaftm afforded Of the rnIbaI
rassmenfs attending the transfer and disburs,
inent of the public revenue u distant points o
the frontier, IL Forid1, &c. He 1T The sam
tune requested me TO draw up brief statemen
Of my views npon the sal act, Sb0" my the prtt
e tica advantages and necessifv Of such fiscal II
I stitntiou rs he had thought Of proposing. Sue
Information rs could hastily collect from tn
, heads % the principal discussing bureaus If tn
= Department handed to him the evening a
the same day, knowing that tiIae vas Of the ut
most Importance in the state in which the qIcs
ton then was. He received the statements
gave him with manifest inc lfference, aud aIarmet
me by remarking that he began TO doubt wheih
er he would give his assent (as | understood him
to any bank.
The next day "Wednesday, 18Th ANGUISH wa;
the stated time for the weekly meeting Of tho
CtbInet With the President. Mr. Webster, Mr
Ewing, and myself, went at ten oIcioci, in tho
morning. and were Informed that the President
was engaged with Messrs. BeTrIcn. Sergeant, and
| think, Mr. Dawson, Of Georgia. We waited
until they retired, and the President made his p
prarance about three quarters Of an hour after
wards. Mr.. Badger came in soon after the Pcs
ident joined lis. Messrs. Crtendeu and Gran-
ger dd not attend. The conference which en-
sued was long one-lastlng two hours at lea ST.
according TO my recollection. ! cannot pretend
TO detail all that said; neither can under
take to give the language employed by the Pres
idcnt upon every point nor Of the members of
The Cabinet. | can only state the substance Of
what was said upon those points hich most at
trar:cd attention.
The Presi Lent commenced b. stating that he
had been waited upon that morning by n com.
mutee If Members of Congress- who desired to
know his views upon the suneci of ii ba,k-such
a one nc could sanction. He had gwen them
no satisfaction upon that jet, but b,d inform
ed them thst he wonId first consult wish his con
siltuIiouaI advlsers-his Cabinet-throuuh whom
he thought II most regular that his views should
be communicated He nskeG the opinion of his
Cabinet upon the correctness Of the ground he
had taken; remlrking at the same time; thar the
habit OF expressing his views 10 Member. Of Com
gress upon the subj ects of 50 much interest SUBJ
Jecied him To great embarrassment and much mis-
representation. That question being disposed of
The Prcslden advertt briefly, but without much
tn Ba uE question. and his disposition to 90
far he could To comply with the wishes Of his
friends. lie spoke ot the relation tbat existed
between HIM aud his Cabinet, and how accessory
it was that Inc should have their support. Would
they stand by him? He much preferred that the
whole suhisc, should be postponed until the next
session; but II 1t was necessary To act now. he
though; plan might be devised which, with their
cooperation. might be carried through He won
dared Why the Senate continued to postpone act
ing upon his Veto Message, which was yet to be
disposed OF He Supposed il might DC 10 hold il
as rod over his head; and had some doubts
whether il proper that he should consider
further upon the subject until the Senate had de-
ciied what they would do with the AIi then before
them. Sumo one present assured him that the
Postponcment OF the question pending tn the
Senate intended 70 give time for election,
F7f 4
Tao President then gave HE ontne Of such
banb OF fiscal institution as he though; he could
sanction. II TO hc In tho District Of Co!um-
bla, to have the priv ege of issuing own notes
receive moneys On deposite, and 10 deal in bills
1T exchange between the States and between the
U0itcd States aud foreign States. Bat he wish
ed 10 have the opinion oil his Cabinet upon tt
His own consistency and rcputation must ne look
ed 10. He considered his friends, who must stand
by and defend whateveg he did upon the subject.
He appealed particularly to Sir. Webster fer his
opinion upon the Po,Ht Of consistency; and vhcth-
or there was not clear distinction between the
I'D Bunk Of the Uniied States--a 6,lHt Of dis
count ard deposjt--and the one he uow thought OF
proposing; aud whether The constitutional ques-
toa was not different. lie reminded ihai in
ali his former speeches and reports, he had taken
the ground that Congress had ~ constitutional
power 10 charter bark which had the power of
local discount. Mr. Webster pointed out the dis
iinctIon between the two plans IN manner
which appeared tn be satisfactory TO him. The
Substance of what he said was. as understood
him. follows: He has decided preference for
a bauk upoa the plan then proposed over either
Of those which had been previously spoken Of
He reminded the President that he had expressed
his preference for bank which should be rcstric-
ted in its dealings to bills Of exchange, when
certain gentlemen from the city of New York
we're present: several weeks before. lie then
thought, he did now, tina, it would answer all
useful purposes. Oae ground of this preference
was, and it had great weight with him, that the
plan did not contemplate the consent Of the
States as, in any way or at any time, Decess ary
10 ITS existence or efficiency. He thought the
plan proposed al the commencement Of the SOS
SION, generally known as a!r. Ewlng's till, - in
cougruous and objectionable on this ground. Ills
geneIAI conlsa Of THINKING On snhiacls led Inn 10