New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-07-01

department, -lltuluf Iot wv
90. /, embraced | am not exclusively welded 70
q Rank OF the United States, nor do desire IL
.ce ON. established against the will and withou.
the consent of the people But all my observation
and reflection have served to strengthen and con-
firm NV conviction, tina, such an institution, ems-
mating from the authority Of the General Govern
meni. properly restricted and guarded with such
improvements as experience has pointed out, can
alonc supply a reliable currency.
Accordingly at the Extra Session, bill passed
both Houses OF Congress, which, IN my OPINION
contained an excellent charter, with one or TWO
slight defects, which IT was intended to cure by a
supplemental bill, if the Veto had not been exef-
ci.ed That charter contained two new and !
think admirable features; one was TO separate the
o,era,ios of issuing circulation from that oi
banking. conGdlng these faculties to diferen,
board. and the other was to limit the dividends
of the bank. bringing the excess, beyond the pre-
scribed amount, into the public treasury la the
preparation OF the charter, every sacrifice was made
that could be made 10 accommodate IT. especially
in regard to the branching power to the rePuted
opinions Of the President. But instead oil meeting
u. in mutual spirit Of Cancellation, he hred a.
was aptly said by Vir. inia editor, ul'oH the nag
of truce sent from the capitol
Congress. anxious to fulfil the expectations OF
conformity with the plan of Bank sketched by
the acting President ia his Veto measure, after
nrev;ous consultation between him and some as
i;oouisbed members Of Congress, and two leading
members of his Cabinet The bill was shaped IN
precise conformity TO his views, as communicated
by those members Of the Cabinet, and commu-
picated 10 others. and was submitted to his in
spection after it was prepared; and he gave
assurances that he would approve such bill. /
was no party to the transaction, but do not en-
tertan a doubt Of what ! state. The bill passed
both Houses of Congress without any alteration or
amendment whatever, and the Veto was again en-
ployed.
1t is painful for me TO advert to grave occur
renee, marked by such dshonor and bad faith.
Although the President. through his recognized
organ, defidcs and dsnounces the Wings, and dis
owns being one; although he administers the
Executive branch of the Government in contempt
of their feelings and in violation of their princ-
pies; and although all whom he chooses to have
denominated as ultra Wings, that is to say the
great body of the Wing party, have come under
his ban and these of them in office are threatened
with his expulsion. | wish no, to say of him ope
word that is not due to truth and to the country.
| WILL however, say that, in my opinion, the
Wings cannot be justly held responsible fer bis
administration of the Executive department, for
the measures ne may recommend or his failure 10
recommend others, nor especially for the manner
in which he distributes the public patronage.
They will do their duty, l hope, towards the cOun-
try, aud render all good and proper support to
Government; but they ought not to be held nc
coun,abIe for his conduct They elected him. 1t
is true, but for another office, and he came into
the present one by a ameniable visitation Of
Providence There had been such instance
o,.urr;no ,pd.r tho (,ovcrnmPut If the Wings
were bound TO .crutinize his opinions in reference
10 an effce which no enc ever anticipated he
would FILL lac was bound in honor and good faitn
to decline the Harrsburgh nomination, ii hr
could not conscientousy cooperate with them
in sustaining the principles that brought him INTO
Office Had the President who was elected lived.
had that honest and good man. on whose face, III
that picture, we now gaze, besn spared, ieel
perfectly confident that all the measures which the
principles of the Wings authorized the country to
expect, including a Bank of the United States,
would have been carried.
But it may be said that Il sound currency, such
as have described, is Anstlanable during the adj
minisiration of Mr.. Tyler. 1t will be, IT II can
only be obtained through the iustrnmentaty OF
Bank of the United States, NJ less he changes his
opinion, as he has done IN regard to the land bill.
Unfortunately, our Chief Magistrate possesses
more power, il some respects, than a King or
Queen of England. The crowns never separated
from the nation, but is obliged to conform to Ms
will Ii the Ministry holds opinions adverse Ia
the nation and is thrown into the minority IN the
Hous of Commons, the crown is constrained to
dismiss the Ministry, and appoint one whose opln-
ions coincide with the nation. This Queen VIC
,oria has recently been obliged to do ahi not
merely to change the Ministry, but to dismiss the
official attendants upon her person. But here, !:
the Presidcn, holds opinions adverse to that OF
Congress and the nation upon important pubic
measures there Is no remedy but upon the perlodl-
cal return Of the rights OF the ballot box
Another remedy powerfully demanded by the
necessities of the times, and requisite 10 mann
tanning the currency IN sound state, Is - iarli,
which will lessen importations from abroad, and
tend TO increase supplies at home from domestic
industry | have often expressed my views
on this subject and SO recently in the Senate OF
the United States, that do not think there is any
occasion for my enargng upon 1t at this time.
do not think that high ,arif is necessary, but
one that shall insure an adequate revenue and rea
sonable protection; and it SO happens that the In
tcrests of the Treasury and the wants ct the Peo-
nile now perfectly soincidc Union is our highest
and greatest interest No one can look beyond
it's dissolution without horror and dismay. HaI-
mony is essential to the preservation OF the Union
Il was the leading. although not the only motive,
in proposing the compromise act. to preserve that
harmony. The power of protecting the interests
OF our own country never be surrendered to
foreign nations. without q culpsbe dereliction OF
duty Of this truth. all parts OF the nation are
every day becoming more aud more sensible: In
the meantime, this Indispensable power should be
exercised with discretion and moderation and
in form least calculated revive prejudices or to
check the progress OF reform now going on inPubIc
opinion.
In connection with system OF remedial mea-