Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-10-15

all have 10 stake--that ii this prescn, Whig
Congress Wi! adopt II, and give il far Trial, ia
three years II viii be universally admitted to DO
the most beneficial ever estabshed--thc Con-
stltution alone excepted. Understand. gentlemen,
that mean If taken rs it came from the Cabinet,
, and not as It looked after it had passed through
the hands OF committee of Congress, for thoy
struck out the provision for dealing Ia exchange,
and then II was not worth rush; not worth tho
very parchment on which 1t would have been
crossed, had 1t passed
The urgent want, and the pressing necessity
OF THIS country, Is Il common currency and n
sound system of exchange. You work for Ala
hama and Louisiana, and they plant for you.-
You both want an equal credit throughout tho
cogntrN-yo want your money there, and they
want their money here, worth as much as at
home, save only the mere expense o! transmitting
IA draft. This equal currency you cannot get,
except through the aut horiy OF the General Co
Vernment--sou never Will have II but by its
means. gu require n large and liberal provision
for eAchange--tree eNchange--cheap exchange
exchange through which Your money to-day in
IN New Orleans can to morrow be In our pockets
herc--as millions have formerly been transferred
at from Only one quarter TO three quarters per
cent Aud TIL we have obtained that, We have
not reached the goal Of our desires.
need not say that bank Of the u. States,
with large subscription OF private capital, is QUIZ
OF the question. That is an obsolete Ijea. The
country has changed, our condition has changed
and SO changed as to put such u thing wholly
out of the question; and, for purposes Of local
banking, do not need 1t. You would not desire
foreign bank, with large capital, TO como,
untaXed, into State street, to- MORROW, and share
the 10 al business with your own banks. You do
not want the nation TO send one here; you are in-
different about lt-you would not oppose II, per-
hap-, but is not the object of your daily desires.
Bat IT to wait for the restoration of sound
currency I'LL such bank is established, say TO
you that, might as we'll wait for tho incoming
Of The Jews ftppiause0 But what then? Shall
nothing be attempted?
The ExcheGuer assalled most violently on
oil hands-though believe there one gen.
tlernan in one House Tho had The courage to say
that he really dad not know but that by possibility
some good nigh, come OF it. There were dife.
rent classes Of opinions the matter. Some
onsdered it a mere ifeess machine which could
30 nothing at ALL others thought II had altogeth-
er too much life, that il would enlarge Executive
patronage and increase Executive power-and
Executive power they were determined not to in
$1,000. o. -"a :. KS Re .ha- King
Serpent; one said it ridiculously impo,en,--
another that it would ride completely the lib
critics Of the people and the country. These OPP
pOsite arguments, which loudly contradict, il
they do not indeed satisfactorily refu,e each other
convinced me Of one thing-and that was that tho
Excheluer would not be adopted, considered
even, with any degree Of fairness; and ii was
most vehementiy attacked
Our condition, gentlemen, under this Consi.
tuition Of ours, little remarkable. One is
afraid to do thing, lest he should break the
Constitution; another will not venture upon tho
opposite thing, for fear he should break tho Con
stltnton-and SO they agree TO do nothing. Ono
VIII not vote for measure because il does not
contain a certain provision, for want Of which ii
would break the Constitution; another will not
support II because il embraces that same provIs-
ION, which, in his opinion, will break the Con
stItution by enabling the Executive 10 tyranIZe
over the people just as boatman, IN the midst
Of currents, rocks and whiripoois, will not pull
stroke for his own safety, lest ho should break
his oar. Aud we, 1t seems, must wait for tho
time when returning confidence will enable
TO establish bank on private capital, before we
must cndeayor to improve cur condition! When
viii that time come? Not till treasured prosper
ity shall have rendered the bank wholly unneces.
sary. 1t is as though the crew Of vessel in
rnomentary peril Of shipwreck, should delay every
effort for the security Of their bark, for their
safety, till the chances Of the winds and
waves had landed them sca,hcless upon the shore.
lie must be much more sanguine than am, who
magines he sees the time when the Wings will
have more power work the good Of the
country than is in their hands now-at this very
moment In my apprehension, tho Bppro aching
session of Congress calls upon them in the l0udest
voice Of patriotism, not TO put oil action, but TO
make the most OF the existing opportunity Hero
IS a measure proposed by the President, aud to
which he is pledged. fit fail in action, his is the
responsibility, aud let him bear it. Why not try
it? At least, If you will not, propose something
better.
ought here to say. and will say. because IL
ought to be known-and If not known already, il
shall be-that man of my age land am not
young) has spoke against the Indlsereet use
abuse of the veto power than L. My opionions
still remain unchanged, and it is universally
known that advised against the exercise Of the
veto power in each and every case where II has
been exercised by the President. But while l
have done that have not been willing 10 Join
with those whose Oh ject appeared 10 be rather 10
make against the President, than to
seek how 10 serve the country, the vetoes not
wlhstanding.
At the close Of the extra session il seemed to
be the received doctrine of The great Wing par.
IL TO aitemni rnthinn I'LL they could get rid of