The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1842-08-02

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reelection laye served 10 strengthen and confirm
INV conviction, lhpt such nm institution, emanating
from "a 0 authority OF the General Governmsh',
properly restricted aud guarded with such improve
supply reliable currency.
Accordingly, at the Extra Session, bill passed
both Houses Of Congress- which, in my opinion,
contained an excellent charter, with one two
slight defects, which it was intended 10 cure by
supplements bill If the Veto had not been exercis
ed. That charter con tanned two new, and think,
admirable features QUO was 20 separate the ope-
ration Of issuing circulation from that OF banking,
combining these faculties TO different boards and
the other was TO limit the dividends Of The bank,
bringing the excess hey ond the prescribed amount
into the treasury. In the preparation OF the chhr
ter, every sacrifice nude that could be made,
10 accommodate it, especially in regard TO me
branching power, 10 the repuied opinions oil The
President. But instead Of ting us IN the muiu
al spirit Of Cancellation, he fired, as was apty said
by Virginia Editor,upon the flag Of truce sent
ff ON The Capitol.
Congress, anxious to fulfill the expectations Of
the people, another bank bill was prepared IN con
formiiy with the plan of a Bank skeiched by Inc
acting President in his Veto messages after previ
Gus consultation between him and some distln-
guished 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 HE Cabinet, and com
municated TO others, and was submitted to his IN
spection after it was so prepared and he gave as.
surances that he would approve OF such nill.
was no putty 10 the transaction, but do not enter
tain u doubt of what state. The bill passed hoih
Houses of Congress without any alteration or
amendment whatever, and the Veto was neverthe'
less again employed.
II is painful to me to avert 10 a grave occurrence
marked with such dishonor and bad faith Altho
the President, through his recognised organ derdes
and denounces the Wings, and disowns being one;
although he administers the Executive branch OF
the Government IN contempt OF their feelings and
in violation OF their principles; and although all
whom no chooses TO have denominated utraWhigs,
that IS TO say The great body of the Wing party,
have come under his ban, and those OF them in Of
fee threatened with his expulsion, wish not
10 say of him one word that is BOT due To truth o.
10 the country. l will, however, say that, in my
opinion, the Wings cannot be justly help reAponsi
bic for his administration of the Executive Depart
ment, for the measures he may recommend or his
failure TO recommend others, nor especially for the
manner which he distributes the public pa,ro.
mage. They will do their duty, | hope towards
the country, and render all good and proper sup
port TO Government; but they ought not 10 be
held accountable for his conduct They elected
him, it true, but for another Office, and he came
into the present one by the amentable visitation OF
Providence. There had been no such instance DC
curing under the Government. II tbs Wings
bound TO scruiinze his opinions, in reference
10 an office no one ever anticipated he would fill,
lie was bound in honor and good faith to decline
the Harrisburg nomination il he could not conscien
tiously operate with the principles that brough,
him into office Had tho President who was cleo
ted lived, had that honest aud good man,on whose
face in that picture, we now gaze, been spared,
feel perfectly confident that all The
which the principles Of the Wings authorized The
country 10 expect, including Bank OF the United
D States, would been carried.
But ii may be said that sound currency such
have described, Is unattanahle during the admin
istration Of MIR Tyler. 1t will be, if it only be
obtained through the fundamentally Of n Bank Of
the United States, unless he changes his opinion
Us he has done in regard to the land bull
Unfortunately, our Chief Magistrate possesses
more powers, in some respects than King or
Queen of England. The crown is never separated
from the Nation, but is obliged conform to its
will. If the ministry holds opinions adverse to the
nation, and is thrown into the minority in the
House OF Commons, the crown is constrained to
dismiss the ministry, and appoint ono whose opIn
ions coincide with the nation. This Queen Victoria
has recently been obliged 10 do and not merely
TO change her ministry, but to dismiss the official
attendants upon her person. But here, if the Pres
ident holds opinion adverse to that Of Congress
and ihe nation upon important public measures,
there 10 remedy but upon the periodical return
of the rights of the ballot box.
Another remedy, powerfully demanded by the
necessities of the times, and requisite 10 MAINTAIN
ing the currency in sound state, is Tariff, which
will lesson i'm porta,ions from abroad aud tend to
incl supplies at home from domestic industry.
have often expressed my views on This sub ject
and recently in the Senate of the United States,
that do not think there is any occasion for my
largipg upon it at this time do not think that
cxorbitant very high Tariff it necessary; but
one that shall ensure an adequate revenue and
reasonable protection; and 1t sn happens that the
interests of the Treasury and the wants Of the peo
pie now perfectly coincide. Union is highest
and greatest interest. No one can look beyond its
dissolution without horror ana dlsfDay. Harmony
is essential to the preservation of the Union. 1t
was leading, although not the only motive, in
proposing the compromise act, to preserve that har
mony. The power Of protecting the interests of
country, never be abandoned or surrender
ed to foreign nations, without culpable dereic
ton of duty. or this ruth. all parts of the nation
are every day becoming more and more sensible
In.the meantime, this indispensable power should
DO exercised with discretion aud moderation, and
in form least calculated to revive prejudlces, or
to check the progress ofrefor now gring Oh in
public opinion.
In connection with a system of remedial meas
ures Il shall only ailude without stopping to dwell
the distribution bill to that just and equitable
tlement of a great national question: which sprung
up during the Revolutionary War, which has seri
ously agated the country, and which 1t is deeply
to be regretted had not been settled ten years ago
then proposed. independent of all other consid
erations, the huctuation of the receipts from sales
of the public lands is great and constant, that il
Is a resource on which the General Government
ought not TO rely for revenue. 1t is far better that
the advice of Democratic land committee of the