The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-06-22

BANK-THE ABUSE OF THE PRES-
DENT-THE NEGLECT OF CONGRESS
TO DO WHAT THEY PROGRESSED 10
BE NECESSARY
The mention of an intention to establish another
U 5, Bank when they should attain to power, was
seldom or ever made by the Wing leaders except in
whispers during the continuance of the canvass, and
although II was carefully kept from being made u
leading question of policy for the people to pass upon
by their votes yet the moment they felt themselves
|,iully fieshed with power, they commenced furious
| crusade not only against the iufdel Saladin OF a
Sub Treasury but in favor Of that Christian instu
ton, National Bank, and all the armies of advoca
cy OF such sacred establishment, Immediately
set in notion 10 effect the victorious rescue of the
country from the ravages of destructive Sub Treasu
ry, and to place in the holy care and keeping and
TO subject tito the benelcent control of such bank
10 accomplish this Congress summoned to no
an extra session. at the instance OF others, but by
order of the Chief Magistrate who was then seated
on the throne of Presidential power; but before the
convention of that body the President had departed
to sleep with his fathers and the sceptre had passed
into the hands Of our present Chief Magistrate,
disciple of the old Republican party, pupil Of
the ancient Virginia school. His message TO Con-
giess on the subject OF the sub Treasury
presslve OF an opinion that II had been dsapproved Of
10y the people but at the same time he forebore to
Commit himself in favor If National Bank such as
previously had existed in the country, and gave no
assurance whatever that he would ever sanction the
charter Of such Bank by his signature of approval
as it WAS the wish ofthe Wing leaders to fasen upon
the people.
1t was well known that the President had been, be-
tore his elevation opposed to such institution, and
1t was hoped for by those who knew him BEST and
conhded in his integrity and consistency of opinion
and conduct that he would never consent to approve
any act for the re-estabishment of any such bank
OF the United States had formerly tettered the
ton. Nor were their hopes defeated or expectations
disappointed by the event For although he had ex
pressed Willingness to sanction law for the esta-
bllshment OF such fiscal agent for the regulation
OF the exchanges as would possess the virtues
of bank and Sub-Treasury united, without inn
bodying the Objectionable features of either,
yet il was determined by the Wing leaders, with Mr..
Clay at their head, to frame and pass such bank
bill as would satisfy the clamors of the more ultra
bank men of their party, and to compel the Presi-
dent to approve of it, or to render himself the OBJ
ject of dislike and dstrust Of his pretended Wing
friends by his rejection and dsapprova of the mea-
sure.
An act was accordingly passed, not in conformity
with the wishes of the President, but in accordance
with those entertained by Mr. Clay and his Congress
sional coadutors-which act embracing as it did
most of the odous features and extraordinary powers
OF the old United States Bank, the President deemed
1t his duty to defeat by his Veto This at once ex-
cited strong current of opposition against the Presi-
dent, amongst those who had before professed be
his friends and abuse was lavished upon him without
stint or mercy; and another fiscal agent, somewhat
softened IN feature, was prepared and passed, which
also, because of the Objectionable provisions it
taned received the Presidential Veto. This second
discontinue of their tavorte project and consequent
defeat of sher cherished hopes, the signal for
general prescription Of the Chief Magistrate by most
of the leaders Of the Whgs-more especially of that
portion OF them who were marshalled under the BAN
ner of Henry Clay, and the President branded
a traitor by those whose purposes were thwared by
his nt1eXbe integrity and hi, consistent adherence
to his original principles AT the session of Congress
that commenced in December, the plan of a fiscal
agent, such as the President would approve, was
submitted To both Houses of Congress, through the
Department OF che Treasury, and 1t confidently
expected that the bill for the establishment of
National Exchequer, such as would relieve the anx-
ietles of large portion Of the people, would be
taken up at an early day, considered, perfected and
passed. Such, however, was not the case, and more
than six months of this protracted session. have been
permitted to waste itself in wordy debate other |
and generally inferior measures to national i'm
portance, while the bill for the Exchequer for the
gudinn of the exchanges of the county, has lain |
neg ected and unnotced and is still permitted to sleep
10 undisiurbed repose the files Of Congress -
The soIictude that formet ly expressed by the
Wing leaders it appears BY this, has entirely subsd-
eds aud the country can now, ii seems, get along we'll
enough without any National regulator of the eI-
changes, since heWhgproect ola -rea National Bank
rannot be hopefully entertained And yet some edi-
ors and Others who have sworn fealty to Henry
Clay ate furious against the President, because there
8 no Fiscal agent, National instrument for the
regulation OF the exchanges-when Congress, in the
llenlude of lis pat otsm in thwarting the views and
lrttating the wishes of the President, have them
selves prevented the establishment of such regua-
or as they protested camorousy to require
Watcher or not the county needs dstressingly
such regulator, we leave to others to Judge but
me thing is obvious, which is, that the Wing mem
'ers OF Congress were either not quite so sincere in
her rmcr clamors on this subject as they procssed
be- or their opinions in regard to its inevitable he
essi have uud, Igone most wonderful change -
they have the magnify To do what they please in the
way OF legislation, and have N ne, themselves to
blame for any neglect or want of in the adop-
ion of such measures they please What insupe-
able folly is it then in them and heir echoes The
dtors, who participate theif sympathics, to war so
utiously AGAINST the Executive head and to denounce
he Democracy for the non-enactment of measures
Which Their own folly and perverscness alone have
reverted The minority III Congress not the au-
hors of any deficiency the legislation of the coun-
ry, and all attcmp to charge hong upon them the
egccts or the wrong dongs of q factious maory
aust recoil with mcrlted reprobation upon their own
eade
The TARIFF Upon examination and reflection
ie satisfied that the idea is wholly erroneous
hat duties will be collccable under the Compromise
arf act without further legislation That act pro-
ides that duties shall be assessed and would be
cry violent assumption 10 say because the mode Of
sscssing and the regulations are LETT to subsequent
that without such legislation imported :
GODS must be admitted free of duty IN direct viola
ion of the plain intent meaning and letter OF the law
here NAV be some difficulty and Inconvenience IN
arriving the law into operation without established
equation, Tor tie purposes but yet it will be the
uty of the Executive and the Treasury Department
sec that it is carried into effect in the best manner
nat can be devised and as far practicable under
xsting rcgulations--.E Y Sun
SrRAwBERRlEs.-Th Cincinnati Republican states
rat one cutvator Of Strawberries in the vicinity of
lat city has sent to market during the present season
RON two acres ofground four hundred bushels Of this