Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1841-09-30

mat purpose, ask small space in the National
Intelll1enceL --s---.--------s-- "a
"cHt the Cabinet meeting held on the 18th of Au-5
gust last, Che Attorney General and the Post
master General being absent,) the subject of an
Exchange Bank, or institution, was brought for
ward by the Presidenthimself, and was fuIly con-
sldered. Into the particulars of what passed |
40 not propose now TO enter. 1t will be suii-
Client TO say that 1t was then distinctly stated and
understood that such an institution met the an
probation of the President, and was deemed by
hlm Tree OF constitutional objections; that he de-
sired Ol Congress should deem il necessary TO
act upon the subject during the SESSION. that such
an institution should be adopted BY that BODY,
and that the members of his Cabinet should aid
In bringing about that result; and Messrs. Web
ster and Ewing were specially requested by the
president to have communication upon the sub
Ject with certain members of Congress. The in.
sttutlon then spoken of was to be located i'm the
District of Columbia; to be authorized To estab
lish agencies in the States and Territories with
power to deal in bills of exchange between the
United States and foreign countries and in bills of
exchange drawn In State or Territory and
payable In another State or Territory and the
exercise of this power not to depend Oh any
assent, expressed or implied, of the States with
in which such agencies might be established.
In consequence OF what passed at this meeting,
lsfsv-s friends III Congress as l deemed it
proper to approach, and urged upon them the pas
Ii,
suing them that did not doubt il would receive
the appreciation of the President.
The bill was passed, tie Public know, and
was met AGiuiRe NetnaDN ow, if the President,
>ast.e-sne hoBS Of the 18th August, had chang
ed his mind as to the constitutional power OF
Congress, and had come to doubt or deny what
he had admitted in that meeting, (Which is the
most favorable Interpretation that can be put up.
on his conduct,) it was, in my opinion, a par
duty on his part TO have made known TO the gen
tielnen concerned, this change of sentiment-tc
nave offered them an apology for the unpleasant
SITUATION In which they were placed by his agen
cy--or, at least. to have soliened by full expla
nation OF his motives, his intended Veto of ;
measure In promoting the success of which they
at his request, had rendered their assistance. Bu
this the President did not do. Never from tht
moment OF my leaving his House on the 18th
| oid ne open his lips tome on the subject. 1t was
| only from the newspapers, from rUmor, from
/ hearsay, learned that he had denied the cOnsti
| tutionaiity of the proposed Institution, and haC
made the most solemn asseverations thathe woulC
never approve measure which knew was sue
! gestod by himself, and which had been, at hi,
/ own instance, introduced into Congress. twas
still IN the Presidents power, by proper state
| ment In the message containing his objections {,
the bill, to have supplied these omissions, and il
some degree at least TO have repaired his forme
| neglect butwhen that paper came to be read
was found that SO far from saying frankly that h
/ once favored and had been willing to sanction tn
BILL but had been led (if such was the fact) b