Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1844-02-06

POIteu ny special interests, ana rem uBTeC
Independent Ofany other will than its owl
and irresponsible to the people. Add Il
these the abolition of the presidential We
to, as conferred by the constitution
and their scheme is perfected, and al
tPOwsr vested in congressional majOri'
~.
The democratic party, on the contra Ty
contend for 4 strict construction, and
deny that there exists anywhere the righl
to SO construe it as,by implication,t to con-
fer upon the government, or any DEPART
meRt Of it, powers no where found in
that constitution, believing that il besl
fuIfls the true spirit and design OF the
constitution, and conduces most to the
happiness and welfare of the people, when
it least encrOoches upon the prescribed
limits of State authority-and least in
terferes, with the individual citizens OF
the several States, except TO protect him
in his rights and defend him from wrong
where the SIeto governments are inef'
fcient for the purpose. They are, there.
fore, opposed TO the whole scheme of
federal whig policy, consisting of ma.
tional bank high protective tariff, distri.
button OF the proceeds of sales of public
lands among the States, the abolition of
the constitutional veto of the President,
and the assumption ofthe debts of the
several States by the federal government,
THE DEMOCRACY ARE OPPOSED
TO "A NATIONAL BANK: ,
lst. Because the government of the
United States is one Of specific and linz
tied powers, enumerated in the consltu.
tloD; and can exercise no powers not
therein granted; or Unnecessary and prop.
arr 10 carry into effect such as are gran.
ted. And the authority tU charter bank
is no where conferred by that instrument,
nor is bank"necessary and proper" TO ef-
fact any of the granted powers. 1t is
not necessary" because every power
granted can be carried into effect with
out the instTumeniality OFT bank. Suchan
an instrumen:aIity of bank. Such an
institution is not necessary to the regu.
lation Of cOmmerce-to the coming of
money, or The regulation Of the value
thereof; nor to provide for the "cOmmon
defence and general welfare. :" All the
important functions Of the government
have beeu successfully and happily ex-
ercised and fulfilled without the aid Of a
bank, nor is it necessary to the "colleC-
tion, safe keeping and disbursement of
the public revenue" There is no power
in the government whose successful ex-
ecution requires the agency of bank
1t is not 'proper,' because, as it is not
necessary within the intention of the
constitution, it cannot be constitutional,
because such an institution lis variant
from the true spirit and genius of our
free Institutions, because it is inconss-
tent with and dangerous to the rights of
the States, because it is destructive OF
that equality Of rights and privileges
that pertains to a free government, be.
cause it tends to deprecate the value of
the higher intellectual and moral quail.
Ties, which are the basis upon which de
p7nds the stability of our government
depjiving its authority from the popular
will, by attaching TO an employment de-
manding none of tho higher viltues or
intellectual attainments, too large por-
ton Of the honors, distinctions and emo-
luments of life.
2. Because, as the 10th Art. Of the
Amendments to the Constitution de-
clares that, 'The powers not delegated
10 the Uuited States by The Constitution,
nor prohibited by it, 10 the States are re-
served to the States respectively or TO
the people, and as the power to incor.
pOrate Bank was not ''delegated'' to
the UOled States by the Constitu-
ton, il is therefore reserved to the States
respectively or TO the people. .'and the in
corporation Of Bank by The Govern
ment, would be Vi lation7 of the ire
served rights Of the States by the peo-
pie.
The establishment by the Government
Of the United Stetes, Of Bank with BRAN
ches or agencies in the several States, is
not only assumption If power beyond its
constitutional fghs, and a. consequent
violation Di Tho reserved abstract rights
Of the States, hut it is an actual practical
infringement upon the territorial sover-
eighty Of fths States: and the circulation
of notes within the limits of State, op-
crates as Gan unconstitutional restriction
uponthe rights OF taxation reserved 10 the
States. The States reserved to them,
selves all power Of taxation except the
Ia vino of du(iaa and imnosts unoD i'm
ports or exports" They have therefore
the absolute right 70 tax among other
things, the paper circulation within their
territorial limits. But they are denied
the right to tax the paper Of a bank char.
tered by the general government, which
may entirely displace their own circula
ting medium and thus divest the States
Of all power over this subject of taxa.
tion.
g. Because it was designed by the fra
mers Of the Constitution, to deny the