Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1842-10-07

1t because it embraces that same provision,
which i'll his opinion will break the Consti-
tuition, by enabling the Executive to tyran-
nlze over the people. Just as Il boatman, in
the midst of currents, rocks and whrlpoos,
will not pull stroke for his own safety, lest
he should break his oar. And we, it seems,
must wait for the time when returning CON
fidence will enable us to establish bank on
private capital, before we must endcavor
to improve our condition! When will that
time come Not till treasured prosperity
shall have rendered the bank wholly unneces-
sary. 1t is as though the crew of vessel
in momentary peril of shipwaeck, should de-
lay every effort for the security, till the chan
ccs of the winds and waves had landed them
scathelesss upon the shore He must be
much more sangulne than | am, who imag-
ines he sees the time when the Wings will
have more power to work out the good of
the country than is in their hands now-at
this very moment. In my apprehension, the
approaching session of Congress calls upon
them in the loudest voice of patriotism, not
to put off action, but to make the most of the
existing opportunity. Here is measure
proposed by the President, and to which he
is pledged If it fail in action, his is the
responsibility, and let him bear it. Why
not try it AT least If you will not, propose
something better. (Applause.)
l ought here TO say, and will say, be-
cause it ought to be known-and if not known
already, it shall be-that no man of my age
(and | am not young) has spoken more a.
gainst the indlscreet use of abuse of the
veto power than I. My opinions still remain
unchanged, ard it is universally known that
| advised against the exercise Of the veto
power iii each aud every case where it has
been exercised by the President. (Tre-
mendons cheering) But while have done
that, have not been willing to join with
those whose object appeared to be rather to
make out a case against the President, than
to seek how to serve the country, the vetoes
notwithstanding. (Renewed cheers)
AT the close of the extra session it seemed
to be the received doctrine of the great
Wing party TO attempt nothing till they
could get rid of the veto power. Now that
is my opinon-and | speak it with all res
pect--is a mockery of the hopes of the
Wings. Even if we were now reforming
the Constitution, we should probably have
no idea Of striking it out altogether-and
D.
sentiment. What have we Just seen in New
York but that in the Legislature two-thirds
of the House of Assembl, have been adding
new force to the veto provision i'll their Con-
stitution. And the House of Representa-
tives in Congress has imposed similar re-
strctions upon itself-the rules there cannot
be suspended except by two-thirds, and the
veto clause in the Constitution is just the
same restraint, and the same only, in one
respect, as their own rules are in another
But after all, the greatest objection to delay
on this ground, is that the proposed attempt
is perfectly hopeless Who expects to live
to see the day when the veto power shall be
abrogated. To put Off action for that isl
: will not say trillng-but it is certainly treat
ing the emergencies of the country with far
too little regard.
say therefore, that now is the time
: CHEERS for until we do act, there can be
no restoration of prosperity And the plan
produced last year will restore prosperity
know it. Why, if mechanic makes a
tool which he requires for his business-an
, axe, plane, a saw-and sees that the ma
terias are perfect, the temper proper, the
workmanship good-he knows it will an
swer his purpose know this Exchequer
: will answer the purpose of the country.
There is one other subject of the utmost
5 Importance. ! mean the Notifying state OF
the public credit. | cannot help thinking
that if the statesmen of former days were
= among us-f Washington were here-ii
r John Adams were here-if Hamilton were
here-lf Madison were here-they would
! be deeply concerned and soberly thoughtful
e about the state Of the public credit. l hold
a situation in which | am obliged to read
communications from our agents abroad
] and it is really distressing to perceive tho
e distress they feel at the scorn and contumely
! with which American character are trcatec
! in Europe We have national stock which
: ought to command one hundred and TWEEN
= ty-fve per cent-can dollar of it be sold
And this Commonwealth, is not even shC
: embarrassed in her operations, and made tC
t feel the blightIng influence of DEGRADED
!, public credit? And is nobody to make am
), movement? Is there no mind large enough
# comprehensive enough, to show that it cal
= quit party contest, and devote itself to re
i building our national credit-to the re-es
= adjustment OF national faith and, may say
q character for honor and morals! Some ar,
indiscreet enough to talk of reputation
l. Does reputation cancel debt? Is a stat
S not always bound by her debts, notwithstand
e ing a declaration that she repudiaes them
v No, neutrality-suspicious. can do nothin!
c but add disrepute to an acknowledgment
l. of inability to pay, 1t is our duty to arous
a the public mind to this subject.
l. People say that the Europeans ought t.
n make distinction between the States an,
l. the general Government Very true 81