The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1851-03-01
The Veto Message.
Il The .Sptaker efMe

Ho No's.itetHh VI TVS sNNo curtains Tue iA'l-
lowing groyislos, to wit: Every bill which
shall have passed the senate and house Of reJne-
sentatives. shall. before it becomes law he pre-
sented TO the governor, ifhe approve lac shall sign
It, but II not lac shall return it. with hs objections.
To the house III which it originated, de- y bill
has passed the senate and house Representatives
entitled "an act 10 establish general system of
banking, aud been laid before me for my apIrov-
al, which contains provisions to which | cannot
give my consent, and therefore return it, with
my objections theroto, to the house in which il
originated.
In enumerating the objections entertain to
the bill before inc shall confine my self mainly
to these which relate To lis more prominent and
important provisions. In establishing banking
system which is designed to furnish the circulating
medlnm OF u state tho first consideration vagL,
to be, to gard against depreciation in value, aud
provide forts convertlblity into specie at all tines
If banks needed a, all, it is for the accommo.
datiOn of the people, and not for the exclusive
profits Of the banker. Aud any ssteIn Of banking
Which is defective in providing the most abundant
assurances that every dollar Of its circulation caE
and will be redeemed when required, and all it,
obligations honestly performed, contains within
itself the elements of mischief and may provea
gross fraud upon the people II has too often
been the case that the interests Of the banker Is
first preferred, by granting him special privileges
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