New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-12-06
charter similar institution Va. arrested BY the rs,c


o. President Tyler.
" Msdson. ir 7isiiing h. Signature 70 the charter
Of -if I'D upon The ground n TIE respect due -
prec-deufs ant a. he .lrsf-1u-nty declared tire
Bank 0f the Uritfi states though. m he original qles
tou. held to Dol rrcou-tlrusi received the Executive
sign
iris protsas that neither thr BACK I'd 1921 n1r that,
OF would lave been chartered r.t fr frs 1rsr-
rs..rrerfs Of me government in rs finances the d.
rsr cement 20 tho currency ant me peculrry pressure
which zsr.d The rr-f fre cons. icnce o The ri
t1e revelation ard f0e rt fre c0.se1arnce li t'e
war fr-.L H.fr urrf rrer--. 9. .- tre irius-ra
bore thar they would re-t- public credit AID s1 %
reefio t6e govern ms-t and io m bushes. of tle
country
Tnose rf orr public rler Fr1 opposed ire V-l'e
American sy-'rr1 at 20 commencement sr- through
r-. r. 1- r-..- -ess< ard pred --ef rr-r it VS.
fr-usar ut- rr--rs1- m-ct ai-. and must resu.t in
.ars Do l-v % Tho best interests of t-c lrrrv Fdr
-e-ies M years their eise -clrs = eer~ unheecrt
nd tho system uas estsh.fcf T. Vas soon apparent
that its practical operation -s rcqu-. and ur 10 ulnl
1eranf portions ri the country sli cpNn trr peol e
engaged .n i.--reut plrs-its Al were equally enii-
tied o. the favor and protection % the government %
fos,ered and elevated the money power. and enriched
the favored ev b7 taxing iaD1r and ~ he expense ~
the many Ia eject US q MAKE ~ rich richer sud
he r0nr poorer If- tendency was O. create rl--'n-
tlns in society based rr wealth. and On -re t' the 10
r-ef el-.ses u1dla control end sway .n our govern
r1ent % was an Organized MONEY power. Rl.ch re-
ssted fie rnrus~ wiz sni sought o. shape and coltro
r5ia-f-s ee--.e..us u-rx.r-. NJ This combined .vs
TEN af measures the crlrry witnessed alternate sea
sore 1t temporary apparent pro'p s-y oi sudden and
disastrous Commercial reT-.i.'ls 10 unpreceieltei
furfus-n 90 prices and depression o f1e great '-tsr
81. VI flre. navigation. snf commerce % gem
e-sl uocuriarv suffering and oi -nA bankruptcy Of
.h0rfanfs fitrr severe struggle 10 more tnsn r.
quarter of q century fhs ysfsu Wls orrrtfr1
Tho bank tas hffr surreefed ty prarfirs. systCm
of fn4nce conducted and coutr0 "a solely By iae
e-nment The constitutional currency nas been -estor
I'd The public credit maintained un.mpsirei even 10
q. .a Hn
come ssfsed tnst banks nsri ms. or state. not
cessary fscsl agents of the government Revenue du
ties have taken the place oi the protective tsri1 The
dis-rhulu Of the money derived from TIE sao of the
public lands has beer abandoned and the carrgp,in-
system of lntsraa Improvements 2 81 hopcd has been
crectusf check g.
ltsnot doubted that fthls whole train 90 measures
designed 90 take wealth from tra many and hest0T 10
upon The few were o. prevail. The effect would BE- O.
change the entire character ~ our Government One
only danger rcirsls lts the llruu 0i that branch
of our syste which consists LOO internal Improvements
holding out L does inducements o. me people 10
particular sections and localities 90 embark t1r govern
nent n them without stopping @ calcllae ile ire't
able c0nseC lences This branch OF frc system - so
nirstely cont aed and linked with the others that "a
surely he 40 effect 4 produced rs an adequate cause
i % be- resuscated and revived. aud nrmy established
10 requires OBJ ssEaclfy % uresee That t VIII necessarily
and speedily draw after 10 the ree-ts1'ishmsnt NJ ma
t1ns bank the reVivs of protective tsrit The disi
button OF the land money and uof only the postpone
eu o. me distant future ol the paym 10 rs TIE pres
enf nafi0ua. debt. hli ts annual Increase
entertain toe solemn c1nlc 'Ion. that 70 the inter
nal improvement branch of toe American system oe
not firmly resisted al his time. the whole series %
measures cOnpo-in. 10 will 1c speedily ret-tsJlished
and the country bs thrown back from the present high
state 0f prosperity which the existing policy has pro
duced and he destined sg-in o. witness ai the efis
commercial resuslons depressionoi prices, -nf pecl
mary endorsements through which we have passed
during the isst twenty nse years.
To guard against consf quencc- go runous. Is 40 0u
ect of high national importance. involving fn my iudg
ment the continued prosperity of The government
have ielt 10 % be- On imperative Obligation 10 with
hold my constitutional sanction from t~0 bills which
had passed ihe two houses of Congress, involving the
principle of ine internal improvement branch OF the
American y.tefn aud c0ntlcting n their provisions
" Oh toe Jews here oppressed
This power conferred upon the President by the con
st.'uton have ou three occasion, during my admin.
strstion OF the executive department 90 the govern
menf deemed n my duty % exercise and on this last
occasion of making 90 Congress Al annual cOmmu
ncauon Of the state OF the Union, il Is not deemed
inappropriate % review the principles and cousidera-
tons which have governed my action. deem this the
more necessary because aiter the lapse OF nearly -Nt
years since the adoption ui the constitution thr pro-
pretty of e oi his urd0uhtet crl-tu luns pow
sr hy he President has iI the bret time been drawn o.
uOlslyln question By portion VI mg i-Io" ci-z-ns
ma. ..fgfsr rr.v.irs fhs. every oil which -hsl
have passed Oboe 'ls- OF keprcs Ani he senate
-. Iafi-, ID become aw us presculel io ihe Pr--1rn.
of he United States be- approve. h- shall -.en o. bat %
nof De shall return DO ~ih hs oI ecuou- OBJ mai mouse a
which % snail have ors.nairl VINO snh.l enter .- o,c
lions al their rnal aud proceed io recon- o.
n n' w., 49,, r,,y H. /. t-sirs h, nj .cb,rre he,
dufv AZ whatever hazsrd of mourning he d-pea-lre Of
DO se who may differ win him n opinion. lie is bound
% -chsrge 30. - well by hs obligations 10 ne people
who have clothed him win Do Ted uus' ~ Dy h- os
Of Office which be- msy disregard nor are the oolga
lions " the President any degree iessened by the preva
M co.gre- n Is lo one assy and incon.,dersr- ees
anon that he j. required o. cheek tut 70 a. any ume Con
res, shall sfer apparently fgu deberaion, resolve on
measures which bee deems subversve Of the constitution
orc the interests % the county u Is me solemn duty
aN. d than
The President bound t0 approve, or c-apprOve every
hi which passes Congress aud presented % him for BIZ
siguature The constitution makes this his cufy and be-
c4nno. escape % u me- Woul. re ilNs M eu.L1i y
deciding upon any bill presented % him be ml-i eNefc-e
bis own Judgment II he cannot cpprov- the COOS ia
ton commands return The h % ne House 10 winch
Il or ginsied with m. objections aud II he ia % DO ihl'
without hi- signature Right wrong, he may be over
ruled by A vote of wOhiIds Of each House. aod IN ha
event the h becomes aw without his sanction
II bis objections n- mol mus oFrIrnlrd ne
postponed and l. ref red % the States and me people o
heir consideration and decision The Presidents po"ei
j. negative merciy ana mol AnrmhuFe hr csn euat u'
lsv The only effect therefore az hs witiho ing ne hp
prova Of bin passed by Congress Is 10 suffer NE eal'ln
laws % remain unchanged and me lesy . o"y
thst REQUIRED % enable he States snd The people 20 con
slider and upon the subject ~ The election OF pupn'
agents who viii carry out their wishes and rsifucuons
ANY attempt % coerce the President wed hs sanction
10 measures which he cannot approve, would De Foauot
OF the spirit OF the constitution plpa l= and fsgran sni
n srre..fr would break down the independence Of he
q, erve department, acd make The President rected uy
Inc rrope nnd clothed by the consultation with power O
defend heir rights. Die mere instrument - majority Of
Congress. surrender. his paft, Of The powers y N
which the constitution hss invested hs Office would efec
practical alteration Of that instrument without rc-0ftns
! 10 The prescribed proces. OF amendment
Win the motives or considerations which may induce
Congress 20 ptss any bl the President hsye ronn-
Oh DO he must presume them .u De az pure a. ns o"
and oOk only e practical eject n their nra slrs -"
| compared with iAe constitution or tle pubic good
But hl been urged by those who object lO me rA-f =
u his d0u1fes constitutional power tat assalls l'
representative principle an Ire capacity Of ue people {.
govern themselves that there j. greai-r safety M gunner
Gus represent body thar 10 The single EHrcul'c eea
led hy The Constitution and that the ENrculFe veto .
one man power" lesp0rc n - character TO expose
he fascy % his objection, % only necessary % corsie
he frame and True afsrter N our system ours noi
consolidated empire hll cOnfsderaied non lie >a--
before he adoption u the Constitution, were coo0fans-
cosqus and separate independent s0v-reigntes Hni 1y
IL adoption thy Cd nlt lose ilal character They co leo
the federal government Win cerlsiu powers and reserve
all others irc gdllc teif owl sovrf- Euurs 20 -r- -
Th-v guarded their rghs "a States and s gn- on
people hy f very n ston. which hey lncuf pfal-u l
h. e-erA constitution, whereby the flrrfeni depsi el
OF tie general government were checks ufoa eac cef
Thai lie ma ioriy should govern il genera prncp con
rover-d hy n0ne bat hey mus govern aecofdns 70 h'
CONSTITUTION and according io ~ undrnned Au lhir
strained secretion whereby hey may o9prrss nc unor "
The people OF the United States not bind % me iac
that they nav temporarily misec and nat lneli repre-
.-ntalV-s legislative and executive m,y De ilsAA- o
influenced 80 their scuon by improper motives Iry nave
therefore uterpOsed between themselves sni ne A"'
ch may be- passed by i-if public aseni', Fao' repre-
sariauuns such assemblies s-nae- and governors l
4garal House % hrpf~-e liklf-ss >rl1 r