Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1844-06-20

y = 20 Oh 81 te IMP ffidui ana cOn1plcsteuO uCn u tt
teasuiy department i the management of our landed Ns-
TEN. The sales have, in some years, amounted 10 upwards
of a half million Il dlIals-sIe generally made upon cred
1t and yet no bank whatever Is made use of to facilitate
the collection. After II i made, the am unit in sone inStan-
oss ha> teen deposited with tanks, and, according 10 he
SecietaTy's report. which have before adver;od TO, the
amount % deposited was. IN January, upwards OF three hun
died thousand dalar>. not one cent Of Which was ~ The
vaults Of the Bank Of The Unifed States. o. in any OF rs
branches. tut in tie Rank of Pa. lis branch at rilts5ursh,
the Marietta Bank, and The Kentucky Bank. u on the p'in,of
responsibility, cannot subscribe To the opinion ct the Sec
reiaIy OF tie Treasury, if II is meant that the ability TO pay
The amount Il any deposits which the government may
make, under any exIgency. / greater than that oil The Slate
Bank. That the accountability Of a rAmihed ln>trution,
whose affairs are maoag d by a Si"glr head iesp,' sioie iof
all its memteIs, l. more simple han that OF a number 81 M
dependent and unconnectcd establishments | shall not deny;
tut with legad 10 safety. | am strongly inclined TO THINK 1t
Is on the side Of the cal tanks.
The corruption or misconduct of the parent or any OF its
branches, may bankrupt OF destroy The whole system, aud
the los If the government in that event. Will be of the de-
Iosiics male with each, whe. cas-, IL the failure oil one >ta'e
Bank. the los will be confined to the deposit in the vault of
that bank. II i >ad t., have been a par; OF Bnrrs plan II
seize On The B,anoh Bunk at New Otleans. A. that peIIc
large sums, imported from La VeIa Cruz are alleged t have
teen deposited wth il. and # the traitor hld accomplished
the des. gu, the Bank Of the United States, If no, actually
bankrupt. might have been consii aimed t, stop payment.
1t Is urged BY the gentleman f'om Mas achu>ett>, (lr.
Lloyd hat as this nation advances IN commerce, wealth,
and population, rev energies Will be unfoli'd, new wants
and ,Aigencie> will arse. and hence he iniers 'h't pwers
must be implied fl m he constitution. But slF- The que
ton l., shall we >tIotch the in>tunent TO 'mbIaoe oa-e> not
fairly within its scope, or shall we resort t. that remedy, ty
amendment which the cons tuition %plescrlbe>
Gentlemen contend hat The CONJUNCTION which they give
TO the cousiituti u has teen acquiesced IN hy all pa ties, and
under all adninsIatiD sand they rely particularly on an
act passed in 1904. for extending a branch to New orlc.ns-
and another act of 1907, fr Furnishing ii>e who shouh
forge OF utter forged paper Of the bauk. With regard 10 the
frt law. pissed no doubt upon the icconmeni ,lion OF the
TIca>uiy Department., l would remark that 1t was the eA-
tension of a branch t. a territory over which Congress pos
ses>es the power Of legislation almost Uncontrolled. and
where. " iihaut any coa>iitu ionai l~mpeciment, charters 81
corporation may be granted. rs 10 the other act, 1t was
ras..d no les Tor t e benefit of the community than the
hank-to p.oteci the Ignorant and u"w'rN tom me eon"'ei-
fcii paper puipoIiing 10 have been emitted by he baik
When geutl' men are claiming the advantage supposed L be
teiucibe from acque>cence, lei me inquire what I ey would
have those { d, whO believed The Establishment OF a bank
an encIoachm, Mt upon State Right, , Wee they t. have tie
sisted and Ia " By Grce Upon the change Of pattieS
in 1900, It must he well ieeoHcciei The gieae,t calami'ie>
were predicted a. The con>oquetcts Of that event. lnt'n-
lions were a>ciitci to the III occupants Of ioweT oil v'"li-
ting the Public faith. and pIo>tiaun5 national credit. Under
such ca cumS;ancos that they shou d act with great ciIchm-
>tecfIoI, was quite natural. They saw IN ful operation" a
bank. ehaltced hy a Congress whph,d as much ri-ht 10 JuiSe
Of their consti "a lonal I"wef> as their successors iai 'neS
revoked the laN which gave IT cXI>tence The l"stru' loh
would. in all probability, have continued 10 Transact ou'i-
ne>s Notwithstanding. The JUDICIARY woutl nave Dee" az
lealed t.. and from the known Opinions and predictions oil
the judge, then comp SIM IT. thes would have p'on'uhc'd
the act OF ire'ffoiation. a ~ the nature u a cVh'i'C'' "
,ond lie repeating power of any succeeding legislature
And, Ill, what a sceie Of confusion would such a state "i
things have presented an act Of Congress, which was law
IN The statute book. aud a Dulliy On The Judicial lecoIi>
WAS it mol the wi-c>t 10 wai; The ma uili dis -olniion 4 The
cr. osai ion rather than accelerate The event ~ ieqeaiH ; a
law involving 50 many dchca'e conI le1all0ns
ne" e asn,n a'S 81 :, mr. do 10 rhrv for,et ihat we
are ht IL Nt>lfnll>let III III N"i " J''NN wv
utility OF unii.m decision e1'ct' 'i me Jni-e = ,a.,n
-~.----i-i.ea.i n Of his pci oessor. Ia tue iH'e'p's'a"""
cr. and without l.. every tnirg depending upon the caprice q
the lulsc, We >h,Hld have TO >ecu'iy Tor Quf dene>t lights
1t is fr oihcr~i-c when applied to the source ct legislation
lieie 40 rule .Xi>t> but The constitution ana IL l'Il>iA'e up
pm The slourd that our predecessors thought themselves Au'
thouzei urdei similar circnn>t ,ncc> 10 legi>iale, Is TO sane
: thy error and pcfpetnate u~Sufpa'l"h- but IL We dc . y
sutj eted I, the tram mel OF precedent, claim o" The o'h''
!. hand, tie benefit Of the restrictions under which me hte'H'
gent judge cautiously receives them. II l an e',ro'.>hs'
,ule that to give to a previous ADJUDICATION any eii'ct' 'ht
mind Of the jli.e who pronounced II must have been a"aR'
ened Ia the subject. and it must have been a deliberate op'n'
ion fo,mcd after full argur eni. In technical lar u'se, IL nn
not have been SUI siientio. Now the &C "i ioo' ana 49,
relied up ~ n a pledge fr rccharteriag ihi> company, pa>se'
not ONLY without aty di cus>ion of The cOn>lttIio'al powe
of Constess TO establish : bank, bui | ventnte to say wlth'n
;, a single member having hal hi attention drawn To TINS qu's
r ton. had The honor Of a seat IN the senate when 'hr Ia'
4 ter lw la->'d, probably voted t'r It' am d'c''.e WIN ="
: utm - sincerity that never once thought II that l"i"'' ~
!. | apieai confidently t. every honorable member whe wa
4, then picSt Mt To- >sy # tn was not hi> situation.
: Thi. dot ire Il prcccdcnt>. applied to the legislature, ap
n pears 10 me to be Taught with he most mi'ehievou> co'se
. quouce,. The gieat advantage of our system oi govern
m. MT over all o hets. i, that we have a written CONSTITUTE
= defining IL limit. and prescribing Ms authorities; anu iha'
> however. 10. A time. fiction may convul>e The nation at
{, la,,iou and panty ptejuirct sway it, tunciiona i>, the sta'o'
> of 1 lecfi II will tecuf. When calmly Ietaciug hen deed'
: all alterations from fundamental principle MI be co Directed
But ~ e sub fItuie practice for pIIncialr-thc exposition "
the constitution for The Xxi Of the constitution, and ~ van
. shall We look for The instrument IN the instrument f'eli
: |, will be difu,ed AID intangible 4 : The pretended oon-titn
4 twn Of En.ta,d and must be sought III the statute 300"
in fugitive uluals Of Congress and in repnts Of The Secfe
tary af the Treasury What Won q be our condu n II W
p" were L. take the Intciptet'il'n> gwen 10 WA ".''u W.
II which i or ought IL lie. the criterion OF oui Lain. ioi VI
- book Itself We should find the Holy Bible hui"d he"eal
> the interpretations, glp<>cS. and comment, OF coni CHS. syn
OILS, and leartc ed dNines- which have produced VAIN u ="
tolerant and fun us Nct>, ~paltaktng less Of The mildnc>s ar
) m,ektc>s t then origin. than a vlud"tve >iHt OF h">tli
~ towald> each q her They ought 10 eii"id us a >oi'm" WIN
: rg t. make ihaI constitution which We have worn 10 'ui
poIt our INV atlahlc -ulde.
70 conceive. Their. th,t we are not emp'"eicd 10y Inc !
20 siitutl n. roi bound BY any pfactre under It 10 renew IN
chatter OF this bank. and might he's rest The "lsn"'h
But a iheic are -trlrg objections T." the 'ene"'i {" '"e q
IL dissolution Of The bank. have been greatly exaggerated.
- will VI indulgence ia a few II omeniS longer In
:" : unc ten. oIav ncnnNtniereew VII are, Shai .' u.hN
- bu INST gtout dl,>>ly have thc Itcttt ill"'e> II N'N "a.
"a loon ,ttIauf.d 10 tn dIscon tnuauce of fht> Ba X ~ We
:" nithf you lcahc to hit cause he iatule> OF An>leida
=" AID Hamburg. Of Loni,n and Liverpool lie eWtar1>
- mcut Il commercials ,'Gn'>l''io"> 10 r'''' '"e =
ui>h capfU s>-Ia o. e the bcht-etc"t c.lcl> are ~ y
~ .ou,ee> At these failures Ihsi. immediate cause - The q
~ iu4n oi bills upn London. drawn q o" Inc i.h 81 u"P'
= daciiyc 90 uHiI ltat'e shl. meni>. le>. >lf, ue ",N
tie uoti Ic> II Laudi", not those oi New lo.h' "A'' "a
occa-i ned these oanktupicis>.
II, The poNes Of a nation l. sail to consist N the swotd a
"A the pure. Peshaps. at la>i, al power i ie>'lN"Oie hIo ia
4 Of the purse. for wttn II y"u nay e.Hhhn1 a'hi'' ~
= ,>umaitd ~ some o'lsui4t).s at en- mi'io"s d u'''',' 81
am # Il tie TO IN IL. one moleiy l. IN the vaults ct L > Dat
nj Nav not the time alIIse when he concentrate" 81 -"0h
~ v.>t y rtu,n Of the cncaatlns medium u he { uh'' d"
- 80 I an, coitolauUn. vi be dtu-eiou> t. Gus i'eIile'
49, Bx whom i ih> Euneusr pD~ci NJ Ntd ~ a O"iN VI
-, Al, a,u,saI u ct TIE g4c4f pIHcIs lc ui all our m>lltui"l
a responsibility 10 te ie"ile, : an'na"'e ON "a -
-, ba.ff>-4ni hes chiclN IJitIInei>- >upf"se an al'"' |
.,hy.it tI> .Osctnmont-w aui h'tte traitor IA tn
ar ftcc ot colruplun 20 acfpAe the teasde d u> o'""u'
he Io kai Il "a another a>ieeL. >c'en iehth> i - ''''t
A.. Ia The haud> Oi g. ,i-uei>, AID these itItLiets 'ht'H' IL
IN subjects. We a4e possibly Oh the eve al rupture "
- tina uatfau. should such a" event occur 90 You 'p't''
he ,i4t a. rn-i>h 4lemleI would eNle lence any diihcHis
-. ottnrtn- the entie coutol IT thi> n>ututaim , i''puo'
4o rf ..a.r r. vpfrmrut~. uu-nf ia 81 >tiiJu>N l -Nd