Mississippi Democrat., 1845-10-22

mar - or was al the helm TO refer the
measure to the people. And here. in dis
missing the topic of the banking system,
we may say all that may be requisite a
bout the veto power. Every sound de-
mocrat can perceive the vast difference
between the power of one man, upon his
mere will, to dictate this or that measure,
this or that oppression, and the power with
whlcS the President is invested to say this
or that bill shall not be law, unless re.
passed by two-thirds of both houses of the
Legislature, and thus IN effect TO submit the
conslituiionalty as well as policy OF the
measure 10 the consideration of the peO-
pie. 1t has never yet happened that anv
prevalent mania had cast two thirds of the
legislature in It's favor. The veto clause
in the constitution therefore, vests only a
protective and conservative power It's
exertion has twice saved the country
Let it be perpetuated.
The next subject in Importance to which
the principle of strict construction should
he applied, Is the taxing power. a tariff
for revenue only, adopting honestly the
lowest rates required to raise the adequate
amount for a safe and economical admin
istralion Of the government-and which
will bear with the utmost attainable equal
ity on every section Of this extended re-
public, is such as would conform to the
constitutional grant and requisition. Such
is not the tariff now eXacted. Ii is a nOyel
thing to hear Il protective ;arif-mnch
less the enormity of lS42--advocated in
Mississippi. Heretofore there had been
no jar in the sentiment among Us on this
matter. In regard to it we had but one
party; and the only difficulty was to re-
press the universal adherence, indigna-
ton and resentment of our people: but al
though il has recently hal its advocates
even here, We are not authorised in truth
to say that they have produced any change
of opinion, or done more than excite as
.onishment at their fatuityi
A revenue, however, must be collected:
it necessarily mus: be large in amount:
and the government must have and ought
to haYe the safest depository that the un-
corrupted judgment of the national legis-
lature can devise. A MACHINE TO MAKE
MONEY, is NOT WANTED, NOR Is 1T TO ne
ENDURED. The executive and the Cor
gress are not TO be transformed into bank
ers and brokers. That would be the very
last thing to be suffered. To deposit the
public treasure in the local banks is but TO
sustain those inherent and intolerable
frauds-those cancers upon the pody poll
tic. If then those treasures cannot be
otherwise safely kept for disbursement, as
required by the government, there can be
no valid objection 10 treasury system
and we may be justified in saying that the
democracy of Mississippi, will be satisfied
with the plan which the chief magistrate
of their choice may frame and propose 70
the congress.
Bearing in mind the imperious nccesSi-
ty of so constituting and so acting under the
compact of the States as that the national
government shall not exert any poweE
whatever, but such as is plainly conceded.
it must, we think, strike every citizen OF
good sense and practical honesty, that the
federal government cannot authorize any
scheme of local benefit or effect on the
mere verbal assumption that it is one OF
National advantage; but that to be justi-
fed il must be essentially necessary to the
National defence and safety, or clearly for
the common benefit Of all the States: that
it cannot make appropriation Of the Ma.
tional Treasure to pay debts contracted,
or claimed TO be contracted by the States
in their separate capacities: and that, If al
any time, on the legitimate operation ol
the Federal government, there be a sur
plus of It's revenue, not required for pre-
sent lawful expenditure, that surplus can.
not be distributed among the States in any
mode, or any pretext, bat ought to be re
tanned either TO lessen future collection
of revenue, or TO meet National contin
gencies, and that nothing but a grea
emergency, such as waI or some calamity
can justify or extenuate a resort to foreigr
loans and consequent National debt.
such a prohigaie course be allowed, lh,
revenue must be increased; a high ans
discriminating tariff must be perpe,uated
and National bank be resusciiated: AM
in respect of the National debts Of mi
and other countries, they viii be repre-
sented by the incorporated companies o
the globe! If the good people shall b
found willing-in the view of past disclO
sures-to commit their annual earning
and substance into such vortices-let then
do it-for il was for their benefit govern
ment was imagined and constitutions or
dained to regulate and restrain them; hu
when they shall have lost liberty, securi;,
and property, their admiration of spleR
did central gssernmeHt viii be a poo
equivalent!
But whatever may have been AID ma
still be the differences Of opinion among
the people Of Mississippi in regard TO Is