The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-08-22

OF me Exchanges between all paris OF the county
answer the inquiry. Has the day ever been, when
the currency sounder or the rates OF Exchange
lOweri You sought once more TO put the mechan-
ica arts III active operation, and to relieve ccm-
merce from the blight which had fallen upon II.
The first has revived, and the last has unurled lis
sails, which now whiten almost every sea. The
paray sis which had fallen on public credit. TO an
extent So great that the poor sum CT So,OOUOOO OF
Cover INT Stock was offered to European ard
American capitalists without our beng able 10 hnd
for il purchaser, has passed away, and Wen
supplied Exchequer gives evidence not oniy OF me
expansion Of 'rade, but Of the stable basis on winch
rests the public credit. The very stock iof
which no bidders could at one time be found,
now readily commands in the market an, ad-
vance Of fifteen or twenty dollars in the hundred
Ia the mean time submit il to you 10 say, whether
the principles of The Republican party have not
been closely observed IN all that has been done -
Did those principles require that we should recon-.
mence new cycle oftweDty years, The predecessor
Of which Bank OF the United States had iu.hlfd
in 1886? Beginning by increasing the derange,,
ments Ct business for years, attended In It's ma
career with comparative prosperity, then resoriiig
10 efforts by all lis large means To force rechater,
and ending IT'S existence amid the crrsts aud de-
nuncailons Of the many II had ruined Most oi
you had, like myself, through al tune, pronounced
the Bank to be unconstitutional Had your Opinions
on tins subject undergone change IN lo4o, and
did you contemplate that General Harrison and
myself--who during the whole contest avowed
our opinions to be unchanged in that respect, IN
numerous addresses 10 the public,- would be de-
serving of denunciatlon either OF us should refuse
to perure ourselves by sanctioning Bank charter,
which believing Il 10 Dc Sncoasu,ioSa rs, our or
veto Tell me, moreover, brother Republicans OF
194O hai you then brought yourselves to the con-
cluslon that, even admitting possible abuse OF me
Veto power, il was proper TO erase from the Con-
sttution that great barrier and check 70 unconsti
tutional and highly nexpedent legislation, thereby
making the will OF Congress supreme and installing
the majority of that body in the iull pc session OF
all the powers Of Government? Or did you, or
do you now still cling To the opinion IN which the
qualified Veto originated. that Government with
out checks and balances is the worst form OF Oigar
public liberty, cannot be thrown over It's different
departments? II, indeed, you are advocates OF a
change vita! that proposed, then may not only
Ioice, but shout should ascend from the Abolition
Convention "of the whole world" at the tact
that our Federal system had gwen way
before the power OF a consolidated govern
ment, whose will uttered forth by sectional ma
jorltes absolute, admitting OF no check or re-
sistance from any quarter whatever. II, indeed,
these be your opinions, then have most gIievousy
connection with my election and my, adminlstra-
ton. / must nevertheless, most solemnly aver
that had been aware that such would have been
expected and required OF me-lf could have be-
lieved that you, whose candidate was peculiarly
considered, and to concliate whom was noml-
mated tor the Vice Presidency, would have requlr-
ed Of me in the contingency which unhapplly 0c
cured, that should commence my administration
with act of perjury, and sanctioned measures
abhoreni to every principle OF my past life and at
war with the prosperity OF the country and the
continuance OF liberty, would not have suffered
my name, humble as it was, to have been breathed
in the canvass. No, claim therproud privilege q
an American citizen, to think for myself on all
subjects, and to act pursuance OF my own convlc
tions-and IL would require total change oil my
nature in order to convert me into mere instru-
ment of party, or OF party dlctatIOn. "a
would appeal not only 10 yourselves but to all
my countrymen TO say, whether IN the matters ap,
fnra f1ul he a nj
more success in the adjustment OF difficulties, and
in the formation of highly important Treaties ihan
il has been my province to cause to be negotiated
Long standing difficulties have been asJusted-dif
ficulties which threatened most seriously The peace
oil the country. Nor has any opportunity been lost
tor enlarglng the commerce OF the country, and
giving new markets to our agricultural and manu-
featured products Ii the country has not reaped
full iruton of benefit from all the Treaties thus
egoated, it surely has not been the fault OF the
administration. The loss of two of those Treaties
through the action Of the Senate, cannot but, be
deplored by me as great public cslamiues; BY the
Treaty with the German States, we had opened
the way TO more extended commerce with ~.
Co., 600 Of people, In our cotton, tobacco, rice and
duced and with stipulation Tor the free admis-
sion OF cotton while we had agreed 10 receive at
somewhat reduced duties articles from those States
| which entered into the most limited competition,
| if at all, with few similar articles of American
| product. The Treaty was particularly Interesting
from the fact that for the first time, after repeated
struggles the part Of my predecessors to accom-
/ plish a reduction OF duty on tobacco, the Govern
ment had succeeded in doing so. II was nego-
4 tiated under resolutions originating with the to-
bacco States, and with the presumed sanction OF
| Congress, who had raised, as 1t is believed, the
mission 10 Vienna, from second 10 a FIRST rate
mission, with direct reference TO the tobacco
interest, and had also appropriated sum OF money,
some years ago, to enable the Executive to EN-
| ploy an agent IN Germany to acquire information
| as to the tobacco trade, the services OF which
agent had only ceased short time PRIOR 10 the
negotiation of the Treaty My hope still however
| Is, that the benefits Of the Treaty and the Treaty
| itself may not be lost TO the country. think It
proper to add that there was no design TO deprive
| the House Of Representatives Of any righiiul and
| constitutional action over the subject, which It
| might properly exercise. II was, on the contrary,
my intention to have submitted tine treaty, and all
papers calculated to- elucdate 1t, 10 The House OF
Representatives., if it had been ratified by the SEN
ate, tor such action as they might have deemed It
proper to adoFt-a course pursued IN all cases IN
which the action Of The House is required TO vote
supplies of money, fulfil any other object falling
within the scope Of their power.
Texas, which was rejected by the Senate, motives
have been ascribed TO the Administration which
had no place in it's mind or heart. One gentleman,
occupying prominent place in The Democratic
party, whether tor good or evil II does not become
me to say, has assigned in address recently de-
| livered in Missouri, two promlne nj motives for its
negotiation LIST, Personal ambition, and, IDLY, a
purpose TO dissolve the Union. Mr.. Clay also, in
recent letter written TO the editor OF newspaper
| in Alabama, has called the Treaty infamous, and
ascribed to it, In its origin, sinister objects.
Iepel both their assaults upon the Treaty and its
| negotiators What object Of mere personal am
| bion in any way connected with office could
have influenced the Administration in negotiating
the Treaty1 The public archives furnished the
strongest reasons TO believe that The Treaty would
have met the unqualified approval Of both Mr..
Clay and Mr.. Van Buren,. While the was
Secretary OF State to Mr.. Adams, and the other TO
General Jackson, each in his turn attempted to
obtain the annexation of Texas. Mr. Clay's
negotiation was carried on with Mexico
in the third year of her revolutionary strug.
gle, while Spain regarded her as revoted
Province, and her armies were in possession OF
many OF the s,rongholds of the country. What
reason then, could have had for supposing for an
instant that Treaty with Texas, after eight years