Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-09-28


it in the several ) iates, with the assent
ofthe States. To this you REPLIED" Don't
n anne discounts: they have been the
source of the most abomnable corrUpiiOns
and are wholly unnecessary 10 enable the
bank to discharge lis duties to the couu-
try and the Government"
observed in reply that I was propos-
ing nothing, but simply endeavoring 10
state what had understood 10 be your
opinion as TO the powers which CongIess
might constitutionally confer on bank ;
that on that point | stood corrected. ]
then proceeded TO say that | understood
you TO be Ofopinion that Congress might
authorize such bank to establish agencies
in the several States, with power 10 deal
in bills orexchange, without the assent
Of the States, TO which you replied,
Yes, if they he foreign bills, or bills
drawn in one State and payable in an
other. That is all the power necessary
for transmitting the public funds and
regulating exchanges and the currency"
Mr.. Webster then expressed, in strong
terms. his opinion that such a charter
would answer all Just purposes Of Gov
eminent and be satisfactory TO the Peo-
pie; and declared his preference for it
over any which had been proposed, es-
peCially as it dispensed with the assent
Of the States to the creation Of an instilu-
ton necessary for carrying on the fiscal
operations of Government. He examin-
ed it at some length, both as to lis con-
stitutiouality and it's influence on the cur
rency and exchanges, in all which views
you expressed your concurrence, desired
that such bill should be introduced, and
especially that it should 60 into the hands
Of some ofyour friends. Tomy inquiry
whether Mr.. Sergeant would be agreea-
BILE 10 you, you replied that lie would.
You especially requested Mr.. Webster
and myself 10 communicate with Messrs.
Berrien and Sergeant on The subject, TO
whom you said you had promised 10 adj.
dress note, but you doubted not that
this personal communication would be
equally satisfactory. You desired US, al.
so, in communicating with those gentle
men, not 10 commit you personally, lest,
this being recognized as your measure, il
might be made d sub ect Of comparison to
your prejudice in the course Of discussion,
You ana Mr.. Webster then conveIsed
about the puricular wording Of The 10Th
fundamental article, containing the grant
of power 10 deal in exchanges, and of
the connexiOn in which that grant should
be introduced; you also spoke of the
name of the institution, desiring that that
should be changed. TO this | objected,
as it would probably bo made subject
of ridicuie, but yoa insisted that there
was much in name, and this institution
ought not TO be called bank. Mr.. Web
sler undertook 10 adapt it in this partic.
ular 10 your wishes. Mr. Bell then OBJ
served to Mr.. Webster and myself thai
we had no time 10 lose; that il this woie
not Immediately attended 10, another
bill, less acceptable might be got up and
reported, We replied that we would lose
no time. Mr.. Webster accordingly call.
ed on MesSrs Berrien aHd Sergeant in.
medately, and waited on them by his
at 5 o'clock on the same
day, and agreed upon the principles OF
the bill in accordance with your express
ed wishes. And am apprlzed OF The
fact, though it did not occur in my pre-
sence, that after the bill was drawn up,
and before it was reported, it was seen
and examined by yourself: that your al
tenlion was specially called 10 the 18th
fundamental article: that ON full ex m
inalOn you concurred in its provisions:
that at lhe same lime lis name was so
modified as TO meet your appreciation ;and
the bill was reported aud passed, in all
essential PARTICULARS, as 1t was when il
came through your hands.
You asked MIR. Webster and myself
each 10 prepare aud present YOU an ar.
gument touching The conslIlulonallly oil
the bill; and before those arguments
could be prepared and read by you, you
declared, as ! heard and believe, to yen.
llemen, members of The House, that you
would cut of your light hand rather
than approve it. After This new resolu.
tlon was taken, you asked, and earnestly
urged the members OF your cabinet 10
postpone tho bill; but you would neither
glv0 yourself, nor suffer them TO give any
assurance OF your future course, in case
Of such pustponemenl. BY some of Us,
and was myself one, the effort was made
TO gIatity your wishes, in the only way
~ which ii could be done with proprlety;
that is, by obtaining the general concur
renee OF lhe whlg members Of the TWO
liohsesln tie postpone nent It laiIed'
as nave reason to believe, because you
would give no assurance that the delay
was not sought as means and occasion
tor hostile movements Daring this sea
son Of deep feeling and earnest exer'ion
upon our part, while we were zeaIonsly
deVOtiDu oIr talents and lriluence 10