The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-04-13
NOMINATION. OF
Henry Clay and John Tyler,

SlDENCY, BY o I'll CAROLINA.
[From the Raleigh, Nc. Register, Ertra.1
The Report and Resolutions unanimously
adopted In a Convention of the VIII,
Party, asse ut Raleigh, April A
ls42.
Soon after the adjournment Of the Convention, hell
in this Mace, in October 1910, the stiorts OF the WIFI
Party were crowned with success. William Hen
ry Harrison was elected TO the Chief Msgistrac,
by an overwhelming majority o. the People. He entere,
upon the duties Of his HIGH office, with q solemn and de
vout appeal to Heaven, Tor the sincerity ana zeal witt
which he proposed to devote himself to the great busi
ness of rei0rmirg the Government. and giving relief I
the people; and selected a cabinet believed by the pull
lie 10th wiling and able to assist bim IN the accom-
pin ,i.h%enso Of his ars sd ,bs csu rarP0iSs being urgent. he sum
moned Congress to meet him in an Extra Session. Az
the whole nation h oked forward with JOY, END assured
hope, to a certain restoration, both OF public and PR
the sudden death Of Harrison covered the Natior
with gloon, sni seemed for a moment, to extinguish II
every patriotic heart this expectation; But Wings by
the r very principles, are forbidden to despair Of the tie
public. And when the first shock was. ever Light seemed
sgsin to glow, and hope to spring up before them. Mr.
TYLER had been nominated as a WEig-had accepted his
nomination as q Whig-had ptoiesseA himself Q wing
and had been elected as the associate Of HARRISON
| That he " ould prove recreaat to the great Party, and
regardless Of the great principles TO which he owed his
elevation, even Suspicious and disingenuousm minds could
scarcely anticipate, and to noble and generousones, such
an event could appear little less than impossible. His
address to the People of the United SITTER, his retention
of the Cabinet Of Harrison, accompanied with ex-
pressions of respect and confidence. gave assurance to
our hopes. And Congress assembled at the late Extra
Session, in the confident expectation, that the work OF
reforming the Government and relieving the People,
would be commenced and prosecuted, with the sincere
and thorough co operation OF the President. Their hrst
examination into The state of public affairs, sho wed that
Instrumentation which had Just been drivenurom pow.
err by the PeoI lie, had left behind them, a deb,,sxceeding
by many millions, all the usual resources OF the Trea'
sury, tor it's liquidation. This debt had been carefully
concealed from public observation, by the arfifice Of
Treasury notes, issued from time TO time, to cover def.
shet Adm iniTuya 10Y '" In p orarE TO- meet ne this defss' me q.
sures were Immediately set on foot, and among others
a hill was prepared and passed, authorising a loan Of
$ls,0 600, 900. A bill was also passed, and received tho up.
probation of the President, directing the distIiN ution Of
the proceeds Of the Public Lanes among the States
a measure of Justice to the States. which had been often
and in. frsctually sought of the former Administrative,
and which the Wings seized the first moment OF coming
into power to accomplish.
II then became necessary to provide for the safe keep
ing and disbursement OF TIE revenue, without danger Of
loss BY faithless or Incompetent officers, and without
charge to the people. For this purpose a bill was pre-
! ar, d and passed ly beth Houses Of Congress, establish
ing a National Institution entitled a Fiscal Bank Of the
United States, and in order to guard efectually agsinst
the intrusion Of its Branches into sny State against its
will, it was expressly provided that no such Branch
should be established in any State whose Legislature, in
the time and manner specified in the act, should declare
its opposition thereto. This'Bill was vetoed by the Pre-.
sident. Congress Immediately prepared another, sup
posed upon sufficient grounds TO meet exactly the Presi-
dents views Of the constitutionslity and expcdiency Of
such q measure. This Bill proposed 10 create q Fiscal
~lnstitu,io whose operation should be confined to the
safe keeping and transfer Of the Public Fands, and the
collateral operation ofdealing in bills OF exchange be
tween the United States and Foreign Countries, and be.
tween differ ent States, without Tia. power of making
LEGAL dscount in any State without its express as
sent. This measure, nicely adjusted to meet the Presi
dents declared opinions, and to avoid the remotest cen
fict with his conscientious %scruples, was nevertheless
rejected by him, as being totally at variance with the
Constitution; and it b. came then apparent that no mea.
sure would receive his appreciation from which there
was a reasonable expectation o. restoring q sound cur.
rency-insuring to the people the just reward Of their ID
Dor, AID preserving the Public Treasure from the pecu.
lation of dishonest agents, and OF separating the power
of the purse from the control which the President by the
Com has over the military force of the Country
1t was this made manifest that the President, ii a Wing
in profession, ives not one IN principle-that If he re-
earded in profession the will of the people, expressed
through their representative, after full and careful con.
sideration, yet in practice he condemned i.-and that
nothing less would satisfy him than an absolute dicta.
ton to the Representatives OF the states and the people
Of the substance and even the very foIm OF laws-and
that his own opinions otto day could not be relied upon
to guide his conductor satisfy his conscience tomorrow.
After such an exhibition Of weakness and presumption,
what could be expected but what followed The Har.
rison Cabinet was broken up and dispersed, andthe whig
members Of Congress, faithful to the duty which they
owes to themselves and to their constituents, assembled
end issued an address, in which they declared, in terms
firm, yet tenn crate, indignant, yet not wantonly disre.
spectful, their sense Of the Presidents conduct, and the
condition Of that great psrty whose principles he was
sent Session have removed all doubts, il any such before
existed, ofthe ~propriety and necessity Of this action on
the part OF the Whigs Of Congress; we now see the
President urging upon Congress, under tina dictation Of
his veto power, the establishment of an Exchequer
Board, calculated not to relieve public distress, but to
enlarge Executive power, which already threatens the
liberties of the ~peeplc-a measure, the tendency Of
which is TO withdraw from circulation and from the use
ofthe people all the specie Of the country to conhnei it
10 The vaults Of the Treasury, or accumulate il in the
great commercial cities, while it supplies no adequate
substitute in its room-to build up the interest and in.
crease the wealth Of those cities at the expense Of
the great body Of the p~eople-and by Withdrawing
from our sound banking insiitu ions the basis on which
their transactions are founded, and the only means
by which they can ever resume cash payments, to com
pel them, however reluctantly, to cali IN suddenly the
debt due them from the people, and thus to overwhelm
the debtor class and persons of moderate property in
hopalese ruin To cOmDlete the DrOOf of the Presidents
fixed resolution to prevent, or undo every thing which
the Wings desire or have accomplished, he has just re.
commended to Congress the repeal OF the law pas ed
with his own approval for distributing the proceeds OF
the Public Lands-a law demanded by the p~eoPle-guar.
anteed by all the professions and promises Of the Wng
Caroline, by repeated declarations Of her Legislature,
has approved, snd claimed as a right, and which at this
time, by furnishing to the States a considerable amount
offunds, would enable them, besides accomplishing pur-
poses Of permanent utility, to supply, in some degree at
least, the present deficiency o. 2 SOUND cdGeu,aa . n
prsgrts Is, the President has been distributing the patron
age o ,hoGovernment-not with aview TO the public ser
yice-not to maintain the ascendancy OF any great party
or leading principles of the country, but to the selfish
end of procuring retoiDers to himself, and oil securing,
which he cannot seek to produce, without disregarding
the svowej principles Of the Wing party nd ms own
solemn professions-a result, the accomplishment OF
which, happily for the country, is as impossible as its
pursuit is indeiensible. Your Committee are therefore
Of opinion, that the Whig party are in no sense justly
responsible for the present state OF affairs. They found
The country cumbered with debt, disgraced by defaI-
cations, infested by corrupt and incompetent office hold.
ers, and its energies pressed down by the weight Of I'M
wise legislation, and oppressive Executive usurpations,
the fruits OF twelve vests misrule. under selfish and pro-
digate administrations. Their Representatives in Con.
gress set themselves to work with steady diligence end
hearty devotion, to redress these evils, and restore the
country. But this labor required both time and energy.
The dilspidations which so many years had produced
could not in a moment be reinstated. ard even had the
life Of the lamen,ed Harrison been spared, with his zeal.
Gus cooperation, a year would have been but @ reasona'
| BILE period 10 demand for any ehectusl advance in the
work OF renov ation but from his successor no'hing mas
been met but a cold and insincere support or open
thw erting and opposition. While, therefore, the fre'i'
dent is allowed, by his exefcise Of the veto, ina, OrE
Man POWER of cur system, to arrest the acton ana con-
troll the will Of the people, and the States, 'peaking
through their proper Rep resentativ.s, how, IN the pre-
sent posture Of affairs, can responsibility Justly rest upon
the wings in Congress1 II should ever be borne in
mind that the Wing party has been IN ,act, but enc s. OF,
efthe Government has Sot acted under the inhut nee Of
WING p,jpciplee-has even disow ned the name Of Whig
and has used and is using his constitutional power e
nreyent the action ofthe wings for the relief OF the coun
trv. In one word therefor the pubic debt, the derange
mcnt ofthe currency, ard tie distress OF the people, tn
whigs are not responsible, because they did not produe
,h.u hut found them on their accession 10 ro or. an,