The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1844-05-25

did England receive the notes Of the old
bsnk as her portion Of The dividend profts'
Did shat institution give ue q healthy circu
llaung mediuml DID evety branch Of indu.
try flourish curing the life OF the old bank
with mote vigor Than ,hey did before; OF
have done sincel The answer is no.
During the administration Of John Quincy
Adams W. hen the old United States Bank
was in it's highest state Of health and pros.
perty, the farmer realized less for his pro
duce lhln he has done from the establish.
ment Of The government, down until this day
1t any doubt this statement let the N search
authentic records and they will find that il
is even so; that both before and since the
adnins,raion of the younger Adams pro
duce Of all kinds has commanded a better
price then il did then. And ii mus, be sell
evident 70 every rejecting mind that bank
Of the Uuiied States then canuo, aid the
farmer, mechanic or lsborer. And it is fur.
lher shown, that since the bank was vetoed
in 1892, the revenue of the government has
been collected with as mucheesse as it was
before. And that al The efforts Of the old
bank could not bring the second sober lho'l
of the people, TO sanction the swindling op-
eralions Of an institution, that was yearly
drawing large quantities of the precious
metals from circulation; and placing in ts
stead worthless paper circulation. A
high tariff, a national bank, a national debt,
e. profigaIe bankrupt law ARE four ihirg rs
that are 50 closely united, that it will be
with the utmost difficulty TO establish the
two first and no, have the others also. And
who does not recollecl the doctrine OF MI
I Clay in 1882 and 3, on this point? Tha,
II was better for a nation, a stale or an in.
dividual, TO be in debt than To be clear OF
debt; and acting upon tina, high authority,
the coons since they came in power, have
exlravagandy run the ration in deb, eight
cen millions, in about Two years; and now
have the eifrontery to say that the exirava
gance Of the present administration belongs
not TO them. To whom then does it be.
long! Are we prepared 10 have the nation
al debt increased, at the rate il has been 10
,creasing for the las, three years. so that I
national bank, and another bankrup. Law
shalt be enacted, 10 help large swindlers
and STOCKHOLDERS to wipe off their debts at
blew!
But we must no, dwell upon these point.
; lbut hasten 10 the consideration of the veto
, power. The trainers Of The constitution
nave wisely placed in the hands of the
resident the veto power; wnicn is nothing
aoIe nor less than a conservative pswer.-
The President, the Senate and the house Of
Representatives constitute the Legislative
boty of The nation. And il is necessary
, I,b, a.. d.,
power al certain times. Destroy or curtai
That power, and you al one blow destroy tn,
constitution upon which is bull, all oul
dd ttf'tSicsn ia.,iai&loasss & SEX s eesSief
ner slone,upOn which the whole supersiruc
lure is built. Take away from them III,
veto power, and you have what! Yo,
J have only the name, The mere shadow, IN,
substance is gone. Instead OF a republi,
you have an aristocracy. May it no, be a,
Sed Why was this power given the Presi
dent If he is never TO use III
In republican government like that O.
The United States, the veto power is as es
senila! as the balance wheel in The machine
ny oil a watch; and the veto power as i
now stands, holds the same p ace or posi-
J tIon in Legislative operations, as a vel
poiSed balance whsel in steady and cor
rect time keeping watch. And when W,
Iconscer The nice adjustments, in The law
making power Of the nation; ihsl the assen
lot the Presidea. is necessary to any &C, ,t
Igve II full force and effect, that the msior
Ity OF the Senate and house Of Representa-
lnves must also give IL their eanctlon; ,ha
IN case OF non n.concurrence of opinion ir
lshe Senate. the House and Presiden. car
make no law, or # the same happens with
The House, the President and Senate car
make no law. Why should the veto powe,
he destroyed so as 10 set aside the 10 wer o.
The President? 1t never has ye, been abused
I5y any OF our Presidents. and used only
when The good OF the country has demand
Ied Ihc power 10 be 5rough, IN requisition
and whenever any of lhe Presidents of the
lUniied States has used the veto power, h,
hes universally been sustained by The peo
Ip'e' The exercise of ,he veto has enabled
ibe people q, large, and their representa-.
n'es to ieconsiGer Tie bill which had beer
vetoed; and every veto by any one Of oui
Presidents has thus been sustained and ,hi.
conslderalIOn alone should lead men 10 deer
reflection, before lpey attempt 10 destroy
mat power which has now been leld ant
sustained by the American nation for more
han half century. Once lay the axe O
Iexorcism upon the constitution, and Gu
away a single root or branch and tho whole
wIll soon be mulllaled. Innovation having
IonCe stalled we have no 0narartea th,. /