New-York daily tribune., 1842-10-03


my own op'n'en, as in the tiippan, paragraph of
newspaper, or the hasty ebuilition of deba,er.-
And take the responsibility Of saving, thar the
measure then submitted to Congress was In. best
and the only measure for the adoption of Congress
and for trial BY the People. am ready to stake nv
repuration-and it is all have to s,ake-upon it:
asd thar if the Wing Congress viii take the msa-
sure and give it fair trial, within three years il
will be admitted by the whole American People
to have proved the mos, beneficial institution ever
established, the constitutional loan only excepted
Understand me, take il as i, is-as it came from
the consideration of the Cabinet, no, as il was
| after Congress had begun to work upon it. For
when they struck out the power Of governing
| changes il was not worth rush-not worth the
parchment on which the law would have been en-
crossed. The great desire, the urgent necessity
If this country is i carrency-tacility of exchange
You work for the people of Alabama-they plan,
Tor YOU and you want a common medium, to
cou.lize debt and credit witk the sans velocity as
steam transports men md nachisery. You have
not GOT t--ycu can't get it but by the authority
and permission of Governmens-never, never. You
wan, large and liberal provision for exchange,
and without this you cannot reach the goal at
which YOU aim How will YOU do it need
not say BY a Bank Of the Uaited States, based
upon private subscription: for that is out OF the
question. The man who pursueS that follows an
obs ole,e idea. Suppose law should establish
Bank, with capital of fifty millions; who will
ssbscribe To il, what will YOU give for sharesl 1t
rs entirely out OF the question Take it, then, Tor
purposes of local discoun-say in State-strcst: do
you want this untaxed capital 10 make your dis
counts
Well, what shall we ever havcl for | repeat it,
many gentlemen propose TO do nothing--but to
postpone every thing till the incoming OF the Jews.
l. nothing 10 be attempted When tho Ex-
cheauer was presented to Congress it was assailed
from all quarters. | believe one gentleman did
get courage to say in its favor that ne did not
know bat after all by some possibility some good
might come of it. But it had many different
classes of opponents. Some said that 1t would be-
a lieless machine-is would not move at all;
others said it would have by far too much life it
wsuld answer the purpose of its creatlon-and
that was to increase Executive power. One found
il King Leg and the other King Serpent. One
indicated it a. a terrific giant of enormous magni-
,ude, striding over and crushing the liberties OF
the country; il would therefore, break the Con-
stitu,ion and therefore they would oppose it.
These opposing arguments contradctcd, II they did
NOT rcfute each other and convinced me that the
plan could not be adopted or even temperately
considered One was afraid to do enc thing lest
be should break the Constitution, and another was
afraid to do another lest he should break 1t; and
so they did nothing. One man would not vote Tor
a bank which had not the power to establish
branches, lest he should break the Constitution;
and another would not vote for one which had lest
that should break it. They acted like aboatman,
who in the midst of rocks and shoals, aud whi1l-
pools, should refuse pull one stroke for his safe.
ty, lest ne should break his oar. But they stood
looking forward to the time when restored conh-
dence should enable the bank to so into operation.
When vii! this be! When prosperity returns to
the country That is, when the emergency 10
over. Meantime they intend to do nothing to save
the ship from sinking ill the chances OF wind and
wave shall Dive her safely on tho shore That's
the policy
He is moro sangaine than am, who can see any
time when the Waigs of the country will have
more power to work, to effect the grand object
restoration of the currency-than now. This very
| rnomcnt-at the approaching Session, the country
calls in the loudest voice upon the patriot not To
put otf-not to postpone, bat to make the best use
of the means in his hands. Here is measure to
which the President is pledged and which his advl-
sers approve. Why not try it, and if it fails let the
Administration bear it, If you will not try It, pro-
pose something else.
In the events which have happened l ought to
say, and | will say, because since have begun
will make free communication, as man TO MS fel-
low man, of my opinions, that no one OF my age
(and am NOT amens the youngest,) has written
and spoken more against the indiscrminate use of
the Veto power than l {; and no mans opinion on
that subject is more unchanged than mine. 1t is
universally known | suppose-and If not 1t should
and shall be-that adcised against the Veto IN
all and ecery case in nhtcA - has been e1ercsse6
by the President Repeated cheers.
But while | have done this am not willing TO
give up this great object for the sake OF making up
case against the President. cannot sympathize
with those Wings who in full possession OF power
for certain objects, attempt nothing and Will at
tempt nothing until they can constitutlsnally get
rid of tie Veto. 1t seems like mockery OF the
expectations of the Wigs of the Country
There is no probability that the Veto power will
ever be struck out of the Constitution altogether.
There must be- some such restraint in this as IN
other cases The people OF New-York nave de-
termined that certain acts shall net become laws
without vote of twe-thlrds and nave thas I'M
posed upon themselves similar restriction. lhs
rules of the House can only be suspended by vote
OF two-thirds The veto tnen g no greater re-
streint than they lay upon themselves.
After. all the great objections to this course re-
commended by some of my Wing brethren is that
it is utterly hopeless. Who expects to see tho day
when this restriction of the Veto shall be brought
about Before restoring prosperity to the country
they must wait for an amendment TO the Constitu-
ton will not say that this is trifiingIbut 1t Is
treating the interests of the country with Tar TOO
little regard. ,,,
repeat that now is tho time, and the Wings IN
conpress are the men to accomplish the great OBJ
iects for which the people, the Wing people have
,trven for the last ten years; and Till this is doae
there can be no restoration Of former prosper