Holly Springs gazette., 1844-04-27

inabSpIclouS, or for any other reason affect.
ing the question OF expediency. But we
repeat 10 man could give his vote honestly
FOR that resolution no was not emphali-
cally bank man.
Upon The authority of this vote then We
point with pride to JOHN G. CALHOUN
ALBERT CUTHBERT. JOHN FOR
SYTH, CHARLES J. INGERSOIL.
Il SAM. ID INGHAM, WM II KING.
y WM. LOWNDES, < JOHN McLAEN.
Of Ohio, as the early friends of the Bank
not Of this or that particular form ofa Bank,
but OF the.Bank with all the features of ma
;lonality about il. and the power to establish
/ bfanches IN the several States.
The resolution having been adopted, was
referred 70 the Commrtea of ways and
means, and on the 7Jh Nov lStia bill
was reported. to incorporate Bank with
capital of Fifty millions of doilarsl This
bill after very fall discussion was rejected
4 in the House on the 2Sth Nov. by vote Of
/ I04 10 49-(Journal 1914 ?. 552)
/ x new Bill was originated aud passed bv
+ the Senate, by vote Of II 10 IA and sent
10 the House for It's concurrence. On the
2nd Ian'y. 1915. the question was taken
upon It's passage, and decided in the neaa-
tive, by the casting vote OF the Speaker,
journal p. 63SIS) On the next dav this
vote was reconsidered-aves I07-noes 81,
The leading republicans voting tor i zud the
tederalists Breckenridge, Shelly, Castor,
Pickering, Webster, against il (JouF p. 6Il
The bill was then recommitged 10 Sc
lect committee which. on the 9th Jan, 1915,
reported the bill with amendments, the
most important of which reduced the Capt.
tai from FIFTY To THIRTY millions of
dollars. In this form the bill passed by
vote OF l20 to 3S-Journal 1915, p 655-Gl
The leading Republicans voting for lt.
This bill was then sent 10 President Mad
ison for his sanction. but on the 30th Janu-
ary 1915, he returned il with bis objections.
related exclusively to the particular features
ottae bill, and not to the Constitutional
power OF Congress to pass l. On the con-
trary. Mr. Madison took that occasion TO de
clare his opinion that the Constitutional
question had been settled, and was no long
or open for has considgIatlon His lsa-
guage IS this ''WaIVing the question olthe
eonstnuuonai authority OF the Legislature 10
establish IN incorporated Bank, as being
precloded IL my judgment by repeated re-
cognHions under varied circumstances, OF
the validity OF such an institution. In acts of
the Legislative. Executive and judicial
| branches of the Government, accompanied
by indications, in didefent modes, oi the
concurrent viii Of the nation the proposed
Bank does not appear to be calculated to an
swer the purpose of reviying the public
credit, Of providing a national medium Of
circulation, and Of aiding he Treasury, by
facilitating the indispensable antcipaiions
ofthe revenue and by afiordIng TO the pub
/ lie more durable loansn
| THIS bill having originated In the Senate,
was returned to that body with the PreSi-
dents objections The Senate in compli-
ance wnh the provisions of the Constitution,
ia such cases, proceeded TO reconsider i,
and on :he 2nd February 1915, the vote
VAS taken on ITS passage, and resulted IN
the negative-Ayes -, Noes 70.
We wish here to call the especial atten-
ton OF the People of Virginia to the fact
that, on this occasion, WILLIAM B. GILES
and ARMIsTEAD T. Mason, the two Vir-
cinia Senators, VOTED. FOR THE
BANK We make this reference in no
invidous spirit On the contrary, we wish
to hold up he fact of Mr.. Giles vote, as one
of the most striking evidences OF his patriot
ism and true moral courage He was
member ofCongress in 1871 and 1911. and
on both occasions he had made most able
arguments against the Constitutional power
TO pass Bank Bill But the severe school
ing which the country experienced during
this War, satisfied Mr. Giles that a Bank
was a necessary and proper means for the
administration of the National finances, and
be came forward like Patriot and surTen-
dered bis objections on the altar of his coun-
try We heard from him no contemplate
winnings about his consistency He
looked to bis country, and in contemplation
OF what was necessary for her happiness,
and prosperity. and glory. he never indulg-
ed n thought of himself. or his interests or
consistency. Ifthere be any one trait of
character about Statesman, which we ad-
mire aboveall others, it Is this noble disre-
gard OF self When we hear man pfating
about4his consistency, we are always sure
TO suspect he is looking to The effect which
his course is to have, not on his country
but on himselfi Give Us the man of that
high moral bravery which dares 10 do what
is right under all circumstancesl l-one who
does not think il a sufficient apology for an
error, that he has committed one before -
one who has The Independence of spirit 10
renornce any opinion or any line of policy.
when he sees that it does not rest on the sol
id basis OF truth One such man is worth.
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