The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-05

country demanded another thing especially from MS
Wing friends and that was, that they should not oo-
y act, but act uniledy. He might be permitted too
press the hope that this measure would receive ia
h denuncaiory discussion at the hands OF his Tispds
thus pematurely Out of time and place That the
oiect might be able TO achieve any thing, he hal
great doubts, but he for giving il fair trial ADD
in his belief, the country would sustain them II they
obtained what they could under the surrounding or
cumstancos. 1.-THE plan should fail in OF liz o >
ecs the lights of experience would suggest The pro
per notifications and they could then improve It. lie
was not content to put all at hazard upon bank oi
discount, especially after the experience of the last
three ouI years; upon the Sub Treasury, WIN
the contingency of having nothing IN case either oi
those should fail and his belief was thai the fate Of
/ the Wing party depended upon the course when
they pursued as to the measure under consideration
for he was Of the opinion that if they did what they
could for the purpose of accomplishing something tde
people would ain them; if they did not, the po-
| pie would cast them out. These his views, be
they right or wrong and, without intending TO 90 m
to discussion of the plan "a reply to his friends he
had arisen for the purpose Of expressing his views for
| the consideration OF the Senate and having done 90
he had accomplished his object
Mr. BARROW said that il was easy matter TO
frame system Of finance for a nation like this, so d..
yerslied IN It's interests and its resources The subject
he was aware was surrounded by many difficulties,
but he was of those oldiashoned persons though
he was not very od) who, when he found the coun-
try IN distress, trade parayzed the currency deranged
|
form correct opinion by referring TO the past history
OF the country To what was done by their ances-
tors men whose names were consecrated IN the pages
of history for their virtue and patriotism What did
those advocates of lreedoml Why, they consulted
but one physician and adopted but one remedy and
that was, Bank of the United States and, there
| fore he opposed 10 consulting any fathers but
those Of the Republican Church. and would not listen
TO n0yitintes others, who not entitled to that
| name. He tired of experiments, and belie' ell
i NJ he afnia tipf.. l..ath CIYNR
the seizure OF the public money by Gen Jackson they
had had nothing but experimcnts-the pet bank sys
TEN and the Sub-TIcasury And was it expected that
after this latter bad been condemned by the
people in the election Of General Harrison, all they
had contended for in that contest change
OF mem No. All parties expected change of
measures well of men, and no fragment Of either
party ever anticipated any thing else than that they
would have a National Bank. With regard to the
sentiments contained in the Report of the Secretary
well the provisions in the bill, he held the Pre-
sident of the United States responsible for the sen
ments and arguments therein contained 1t would
not do for his organs to get up here and say that the
President was not particularly attached to this BILL
and was willing to modify and to change it for the
Secretary of the Treasury told them, in many
words, that he had communicated the views and the
arguments and the reasons of the President, for
commenting this project to Congress. He was des-
rous when he first took up the report of giving to it
his support without exhibiting the regeneration of
which some Senators guilty. but before
he had finished its perusal, his cheek burned with
shame and he threw it down, for the Secretary
told them that, even if the President had had no
constitutional scruples, he would not have recon-
mended Bank of the United States. In rela-
ton to the of the President he must say that
he always had misgivlngs when he heard officer
appealing to moral or religious obligations, for doing
or not doing particular act. The law and the Con-
sttuton only should be his Bible, so far his official
duties were concerned He was told at the time that
he art from nd
he had endorsed for his honesty but was not the
first time that he had suffered by endorsement. 1t
had, however, been rule of his life that when he
endorsed BILL and ii was suffered to be dshonored
he would not endorse for the individual again. And
so would il be with regard to the President 1t was
understood last that after the lapse of three
months the President would give them something, at
this session, TO operate per the Union +; and
nov that the project was presented, it nothing
more than the Sub Treasury for if the States would
not permit the agencies to deal in bills of exchange
that feature in the plan would be nullity, and they
would then have the Sub Treasury per Sc over
the Union. How any one who repudiated the
| Bank of the United States could advocate the
! project now presented, was to him indeed surprs-
ing. No Federalist in bygone days, ever had the
hardhood to recommend such an Institution. Hamil
| ton never dared or consented TO propose such a
scheme but, it was left to from strict State
| Rights construction Executive Even Sir Rober,
Peel in high tory times and living under a
| chy would not dare to recommend to the BIRTHS y
Parliament measure of this character comforting as
It did, such immense power If he were the public
Indignation would be strong to compel the Mi.
nlsers TO resign and he thought that the American
| Cabinet ought 10 resign-he did not include the
President and he's for one, would be willing Il,
take them back into the Wing party, provided they
resigned within the time allowed for the drawing Of
bill ofexchange and that was just thirty DAY
But the plan before them bestowed upon the Govern
meut powers inconsistent with the public liberty EIe
would not say that the President Of the Urcd
| States would be disposed to abuse this power, fnl
he spoke in general terms but would be abused by
any President, or any party, he did not care
what might he the political complexo IL
this plan should become law, the credit and pros
perity Of all men engaged in trade of any kind would
be at the mercy of the head of the dominant party
and, if gentlemen thought that this power would not
be exercised they had higher notions of the purity of
law it would be death blow to their liberties and
from this day forward he would recognise the Presi
dent of the United States longer at the head of
the Wing party, let others do as they might There
was already separaton---a rincuIo northumberland
he hoped that there would soon be CT thora.
He could say to the Executive that, whatever might
be the decision of the nation his motives and rca-
sons Tor his two yetoes Gin Of which he said that
to approve would ject him to the rdicue and
of all honorable men, after having vetoed these bills
for the given, if he certain of any thing
the President surely has subjected himself to the rld
Guile of the Democratic party and the scorn of the
Wing party
He concluded his remarks (of which the above is
skeich) by expressing the hope that the Wing Sc
majors would vote against the reference To commit
tee, ofthe plan of the Secretary of the Treasury it
would be death to touch it and he trusted that this
mongre scheme Of Northern Federalism and Virginia
Ahstracions would be strangled in its BIRTH
The Senate then went into an Executive session
and, after some time spent therein, the doors were
opened and
The Senate adjourned