Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-07-09

which all others prove sbortive or ineaectda Is
currency, of uniform value Union, aud
redesmaoe in specie the demand al the holder
of but mode which Una, object be accom-
phed and that has stood the test Of time and practical
Ii other be devised than DahA OF
United States which should he safe and certain ANA
free from The influence Of Gogenment, and especially hot
Executive department., should inf
one, gladly it embraced am not exclusively welded
10 Bank United States, do desire TO sec one
Will and without the OF the
people Bot all obserYa and reflection have served
and confirm conviction, that s al Inst
from the authority Of the sfnefsl oVe-
ment properly restricted and guarded, with such improve
experience has pointed OUT can alone supply re-
Accordingly, at Tho Extra Session, bill pass
ed both Houses Of Congress, which, IN my opIn>
ion con ned excellent charter, with one or
two slight defects, which II vas intended TO cure
by a supplemental BILL II tho Veto had not been
exercised. That charter contained two new and
! think admirable feGtures one was TO separate
the operation Of ISSUING circulation from 'ha; OF
banking, conf ling these faculties 10 different
boards and the other was TO l:iDt the dividends
Of the bank, bringing the excess beyond the pre-
scrbed amount, into the public treasury In the
preparation of the charter, every sacrh,o was
made hat could be made, To accommodate 1t, es-
peciai!y ia regard to the branching power, to the
reputed opinions Of the President. But instead
of meeting Us in mutual sprit ct conciia!on,
he fired, as apply said by a Virginia Editor,
upon the flag Of truce sent from the capitol.
Congress, anxious 10 fulfil Tho expectations OF
the people, another bank bill prepared, IN con
formiy with the plan skefched by tho actlHg
Presideu, IN his Veto message, after presio
consultation between HIM and some distinguished
members Of Congress, and two leading members
OF his Cabinet. The bIl! was shaped IN precise
conformity to his Vows AS communicated by those
members of the Cabinet. and as communicated to
others, and was submitted TO his inspection after
il was prepared; and he gave assurance that
he would approve such a bill. | was party to
tho transaction, but ] do not entertain doubt Gt
what state. The bill passed both Houses OF
Congress without any alteration or amendment
whatever. aud the Veto was nevertheless again
employed
Ii is painful for mo to advert to n grave occur
ronce marked by such dl,honor and bad faith
Although the President, through his recognised
organ ,derdes and denounces the Wings, and dis
being one; although he administers the EX-
ecutivc branch of IN. Government in contempt OF
their feelings and IN violation Of their psinciples
and although all whom he chooses TO nave demon
mated ultra Wings, that Is TO say, the great
body Of the Wing party, havo come under his ban,
aud those of them IN Office are threatened with
his expulsion. | wish not to say of hun one word
that is not due to truth and To the country wall,
however say that, in my opinion, the Wings can
not be Justly respou slbe for his administration OF
tho Executive department, for the measures no
may recommend, or his failure to recommend 9th
ers, nor especially for the manner IN which he
distributes tho public patronage. They will do
their duty, hope, towards the country, and rem
der all good and proper support 10 government;
but they ought not 10 be held accountable tor his
conduct. They elected him, il is true, but for an
other o4fico, and he came into the present one by
n lameutable visitation of Providence. Iherc
had been no such instance occurring under the
Government. If the Wings ale bound to scrutt>
Mise his opinions IN reference to an otlce when
no ever anticipated he would Nil, he was
bound IN honor and good faith TO decline the liar
rsburg ion, # he could not nitousIy
cooperate With the principles that brought hun
into office. Had tho President who was elected
lv ed, had that honest and good man, on whose
face IN that picture, now gaze, have been spa
red, feel perfectly confident that all the measures
which the principles of the Wings authorised the
country to expect, including a Bank OF the Unied
States would have been carried.
But it NAV be said that a sound currency, such
as have described. Is unaitaInabe during the
administration Of Me. Tyler. 1t will be, # IL can
only he obtained through the fundamentally ct a
Bank of the United States, unless he changes his
opinion. as he has done IN regard To the land btl
Unfortunately our Chief Magistrate possesses
moro powers, in some respects, than Il king OF
Queen of England. The crown Is never sePara
ted from tho nation, but Is obliged 10 conform to
its wilt lf the ministry holds opinions adverse
TO tho nation, and is thrown into The minority II
the House of Commons, the crown Is CONSTRAINED
10 dismiss the ministry, and appoint one whose
opinions coincide with the nation. lhIs Cleor
Victoria has recently been obliged to do; and ne
merely TO change her ministry, but 10 dtsniss the
official attendants upon her person. but here /
the President holds oponion adverse 10 TIM, o
Congress and the nation upon important public
measures there is remedy but upon the PERI
odical return Of the rights of the ballot box
Another remedy, powerfully demanded by The
necessities of the times, and requisite TO main
tanning the currency In sound state is a Tariff
which will lessen inportaiIous from abroad, an'
tend 10 increase supplies at home from domestic
industry. have so often expressed my views OF
this subject, and S recently III the Senate OF tht
United States, that do not think there is any oc
cason for my eniargng upon 1t at this time.
do not think that exhorbitapt or very high Ia
riff is necessary; but that shall insure an ad
equa,e revenue and reasonable protection; and /
so happens that the interests Of The Treasury ant
the wants of The peonle now perfectly coincide
n