Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-09-23

dreaded from the ilTst tie inost uishslin'H
Consequences, when the project OF compro'
mise which presented at an early dag WAS
'cjectcd.
II II Is equally matter OF justice to You ana
TO myself TO say that the bill which report
cd 10 The two Houses Of Congress ai 10"
commencement Of the session, ~ obedience
to their coll, was modified SD as TO meet your
appreciation. You may not, IL is true, have
read the bill throughout, aud exulnlned every
parl of il, but the 10Th fundamental article,
| which became the contested question Of prn
cpIr, was freely discussed between us, and
| it was understood and uncqulvocally sane
| toned by Yourself The last clause IN the
| bill. also, which contained a reservation OF
| power in Congress, was inserted on the 9th
of June, in your presence, and with your ap.
| probation; though you nj one time told m''
| that, IN giving your sanc,lsa To the bill, yon
| would accompany II With an explanation oi
your understanding OF that first clause.
II In this condition of things. though deep
Il ly regretted your veto on the bill as 1t passed
/ she two Houses of Congress, aud though ]
ioresaw the excitement and agitation which
it would produce among the People, yet, con
sdering the changes which the bill had under
gone in its passage, and It's variance from the
| one you had agreed to sanction, could not
| find IN that act enough TO disturb The conf.
| den,la relations winch existed between Us.
| was disposed to attribute this act. frangM
! with mischief as 1t was, to pure and honora
| BILE motives, and TO conscientious convic
ton on your part that the bill, IN some of lls
PROVISIONS, conhlcted with the Constitution.
| But that opinion OF your course on the bill
which has Just been returned to Congress
| with your second veto, do not and cannot
! entertain. Recur To what has passed be.
tween us with respect to il. aud you viii ai
once perceive that such opinion is impOssi
| Die.
II On the morning Of the lG,h Of August, |
| called at your chamber, and found you pre-
| pairing the first veto message, To be despatch.
| cd to the Senate. The Secretary Of War
came in also, and you read portion of the
message to US. lie observed that, though
the veto would create u great sensation IN
Congress, yet he thought the minds of our
friends better prepared for it than they were
some days ago, and he hoped it would be-
calmly received, especially as It did not shut
out all hope of bank. TO this you replied
| that you really thought there ought 10 be no
difficulty about 1t that you had sufficiently
| Indicated 10 your veto message what kind OF
a bank you would approve, and that Congress
|
three days.
The 18th being the day for our regular
Cabinet meeting, we assembled, all except
/ Messrs. CrIttenden and Granger, and YOU
| told us that you had had n long conversation
| with Messrs. Berrlcn and Sergeant, who pro.
| fessed 10 come IN behalf of the Wings Of
the two Houses To endeavor TO strike out
some measure which would be generally ac-
ceptab!e. That you had your doubts about
| the proprety Of conpersing with them your
self, aud thought It more proper that you
| should commune with them through your
| constitutional advisers. You expressed u
| wish that tho whole subject should be post.
| poned till the next session OF Congress-
You spoke of the delay in the Senate Of the
! consideration OF your veto message, and en-
! pressed anxiety as TO the tone and temper
| which the debate would assume.
II Mr.. Badger said that on inquiry he was
/ happy Ia tind that the bes, temper prevailed
! 10 the two Houses. He believed they were
| perfectly ready 10 take up the bill reported
| by the Secretary of the Treasury, and pas,
! it at once. You replied. "ralk not to me- oI
Mr.. Ewing's bill; ; II contains that odlous fta
ture of local disco unts which have repudi
ated IN my message" II then said to you
| have no doubt, sir, that tho House, hav1g
ascertalned your views, will pass a bill ia
| conformity 10 them, provided they can be-
! satisfied that 1t would answer the purposes OF
the Treasury, and relieve the country" You
| then SAID, Cannot my Cabinet sec that this
is brought about? You must stand by me in
this emergency. Cannot you see that a bill
| passes Congress snch as can approve with.
out inconsistency Z" | declared again my
belief that such bill might be- passed. And
| you then said 10 me, "What do you under
stand to be my opinions State them, ID
that may see that there Is no msapprehen.
sion about them"
\ then said that | understood you to be Of
| opinion that Congress might charter bank
Il IN The District OF Columbia, giving it lis 10
cation here. To this you assented. That
they might authorize .such bank to establish
otfces Of discount and dcpositc in the several
States, with the assent OF the States. To
this you replied Don't name discounts: they
have been the source of the most a6omlnablc
corruptions, and are wholly unnecessary to
enable the bank to discharge its duties to the
country aud the Government"
Il | observed in reply that was proposing
nothing, but simply endeavoring to state
what had understood to be your opinion as
to the powers which Congress might constl-
tutionally confer on a bank that on that
! point stood corrected. | then proceeded TO
say that understood you to be OF opinion
! that Congress might authorize such bank to
II establish agencies IN The several States. with
i power - deal in bills of exchange, without
Il the assent OF the States, to which you re-
piled, "Yes, if they be foreign bills, or bills
drawn in one State and payable III another
That is all the power necessary for transmit
ting the pubc funds and regulating eXchan
gcs and the currency"
Mr. Webster then expressed, in strong
terms, his opinion that such charter would
answer all just purposes Of Government and
be satisfactory to the People aud declared
his preference for II over any which had been
proposed, especially as it dispensed with the
n assent Of the States To the creation Of al
institution necessary for carrying on the Us
cal operations OF Government. lie Cxamln-
ed it al some length, both AS to its consttu-
H tlonalny and It's influence on the currency
aud exchanges, III all which views you ex.
pressed your concurrence, desired such bill
should be introduced, and especially that II
should go into the hands OF some Of your
Il JriG6S. To my inquiry whether Mr.. Ser.
geant would be agreeable to you you replied
that he would. You especially requested
\ Mr.. Webster md myself To communicate