The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-01-28

= sal. 10. ElHl. .I "A
| desd gsntIa,,,. Ni.i. 49,, a. rJ,,,~ !. - '' "
Amer some ,smapLs ,oo intsr,,n,.diy hs.,a M,
| ,b. p,. tl, - PuY "o'u ~
| W wen, on -, - ,ssho tha, -, - i, -
| thai this r. oha,,,sr Ros,d - = 4, .,..., -
ami denonnc,ne % CoSernnsnt 49, \, - tha
| osn,IaraoH &c E.,,,aL M 60 a, , ~
| eesso.iats Aa - & - - 49, - ~ IN - -
r., w., ,''o,'aI a. 80 ~ iA "''u az VI
49, a.. 49,, ~ '"' uS'e
jam u,a' "ss .neir chie' desire hnd should IL oe
=" ~ 'lon niou'ns, 'nat lhe tAchequer
We. S Sa"h was hloi. Was no' only panh'
ou' Na'onai pahh, An out lheh was go
a.'''i 9 ounA' zen ana "ha' was inc uahei
49, ~ eoh'u'o P"i'"noe, Ue'"eeh Na,ionai p'"A
"u o'eiuuen' odnA ne "lsheu seu'Sne W
800 VS. e'"''ohS" hiS' Posi'ioni e'a' wy
uI.,' power over finance ahd the currency was o"'
I po"oi-a ~no'e Po"ei-sSo se,ee" a"" ~
PCC"D'"' po"or' Weeping tniS ~ n''u' ~"
seain' what was The distinction between Nauons,
JAM anu Government osnk-a DAM "piVh as no,
W ueai IN money iof monoy sahe' out "hoiy anu
solely Tor pubhc purposes, 70 regulate inc currency
10 make taxes uniform whlch was 10 make the Go
vefnment safe and the People safer what was the
difference
lst There was constitutional difference The
Exehequer was Tree from all The constitutional obec-
ions To money corporation created by The Federal
Government
"a IL was Tor Government purposes alone The
Bank oil the United States was created not oI public
ana government purposes alone, but Tor Individual
pu poses also; 1t was conducted conlessedly Tor the
necessarily connected with the collection OF the re-
venue, OF the supply oil UNIFORM medium oil value
Tor the country
ID But The last point OF difference, and the great
point oil ALL was this II required the assent OF states
Instead oil the assent oil lew interested individuals
VINO were they VINO objected against TINS plan De
cause ~ quued the assent oil states 10 give valid
NY "ithih state ana what did these very genue-
'"on NJ us same ume do themselves Al the very
ouem ,ey opJee,ed 10 this power oil assent ana re-
iuss w o legislatures OF sovereign states oil his
op'on' u.ey proposed 10 delegate us great hhahcai
Po"ei-'nis Wnoie' 'hs ehtIe, this 'eteigh, this
''is universal, ms tremendous power
away 'o"i u'e Government INTO the hahds OF oahR
aiio., corsis ing Oh president ana nine rectors'-
res, os 'as', irresponsible uncon'rolaole irressti-
oi PNor over ,e hha'lee ana currency oi the Whoie
.pu"u was 10 oe ueiesated 10 ooard oil nine drec-
so's " "no" .no Government had 'ne appointment
=. '',o on'y ay, 10 poaru "hich had ue power
$500, VII 'sans' .ne Government. Inc r1V-
h,.L !, - =, b W ,e. ~. uou'u . p o"v' ~
80 10 t.I;a 80, .,n., -, ""'"hs ~ 'a'ey ~
nnser no, - g. aai',,,,rs si' ~ own
,emov,hle nv ~. ponl. h, a., ~ 49, u;;anI
Jio,a Ia 80; o'a " -, p;iI nv ~
oS 80, az, assan -, "" WI" ,h, MIu 'i,' powe'
Tins 6nanc. .nd 80 o,,ra a ''' "'S 'o"0 III s''-
Ia mo-, m. ,.n,Ia,a e., E,b so ,b,
r,..,,nn,,,o,s,, o. b. "a ,,,aI =, - I;'
teacher o. ibs scbaI,r had as.''ad ~ n0,rnn, his
ns,,,,c,o ,ha os.,sn sou y" ~ =, t ",'
and had shown that he understood his own system
much better than did his arrogant pupil Mr. Web
ter admitted that whatever money power or other the
Government possessed IL wa. sovereign power in
dependent and entire and he contended that the ex
crcise Of such power instead Of being handed over
TO six men, called bank directors, should remain with
the Government where the Constitution had placed
H. When the Excheouer should be established or
even the SubTresspry All womb admit ina, lis
power was Government power: q power conferred
by the Constitution and to be executed according to
legislative Will by the Government 10 whom il he
Jonged
If gentlemen obiec ed so strenou,Iy to the nronos
ed power of az, ent and dissent which the BIN en
with the States they ought in eopss,enry tn object
to a Ma ional bank for II had the SINE
Again F.. another noint Of adherence ,yas This. A
National bank was moi only on,-thrd mower I'm, il
had ifs mower in perp.tui, il was irrsneaI,bIe d,
ring the limitation of ITS charter Goyernmen,
hank ON the contrary US .I,,.,s nd, 49, 80,
mand of IN. Goyernment. bnt n N,,ionaI hanL ~
ing n corn ration embrac.d an hot uas hsId sa.rd
ia the doctrine of vested rights During the continn
apce of is chartered existence !, VS. ntnc, nv the
Government However ob,eet,onaI migbt he i,s
course, however it, power Of assent and dissent
might be exercised, IL could not be touched till It's
charter expired. The gentleman while strenuously
urging that the power Of the Federal Government
was independent and supreme, advocated a measure
which eNtingulshed that power which quashed II
utterly and bound the Government down like
chained man.
MIR w inferred rrnm the Who'll, ,r,,,r,ent that Mr.
Websters position wa, one which reronc,cJ hi. nr.
sent princinles TO his nr.sent nos,tion Ills no.,ion
and ms prineipIes were nrccissly The same lie had
formerly contended for a great Governmental power.
which he uas no,, for caTryin, Ont mi, ,,errise =
He went for abol,hng the power of assent and dis
| sent as exercised by National bank, aud insisted
| now upon the principles he had openly ayowed in
1896. TWAS due TO the Secretary 10 say that SINCE
/ he had belonged TO The Administration, he had not
cna'seo W. pllne'P'es ihe sPe1ch a, sneul nan
wa, uG' ". N ~ on "nl,h ne hId renouheed
S pa'IA " 'ie n''eI olans' hr' w hsd peen IN
LeLs ~ io'o, ,'u Nel reie'hocreu ueose ON
Ia Ia 20 pa, "'lon Wa, a"u Suouei Pof-
. n ", - n w.. Se 'Tu'u VI pa,s sea-
NJ w. "a la lo' VA VA es,, ~ .'a' ueO'.e
w " uo,' auu s''u ua' ,o "~u'u never again az
'oea'c VI P'oPo'o WIG Pl'n vi Nauohal oahh anj