Newspapers / The Oxford Mercury, and … / Sept. 16, 1841, edition 1 / Page 2
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I SL1 - i i J! a -v . ' V ! if ' ii subject engage the ittention of the en lightened editor of the Mercury and trust that it will not be dropped until public attention is awakened to its ira portam?e.. Objects of a joeal charac ter, though yltaUf important, are fpt to bo overlooked 'amid the din of Fed- era! politics; and if any ting should arm an e learsQitne menus 01 oiaio Rights, it is the oblivious forgetfulness is thrown HI. lf : ate puc. into which every thine which merely concerns S ' ' -1 ; ! Yours, &e. , ; . .. ";' ' -- FR A NKLIN. Louisburg, Aug. 27th, 18il. I The Veto Message. l!i!'-.: . . The President of the U. Slates 'transmitted to the House of Represen tatives on Thursday last the folllow ing message, containing his objections to the fiscal Corporation bill: r To te Home of Representative 6 the V. & ' It is with extreme regret that I fee Myself constrained, by the duty faith fully 4e execute the office !f of Presi dent of the United States.' and to the I . ... . . 'hit i pest of , my ability to preserve, protect, and defend the Constitution tf the United States," to return to the House, an ' -which it originated, 14 the bill, to provide for Ilia better collection, safe-keeping. 1 and dis bursement of the piblic iky means of a corporation I cd the iFiscal Corporation o ted States," with myj-wri 4ions. i : ' I ! In my message sent to the Senate on the 16th day of August; last, re- litaMI lr am I A W ill at a. M AMWMMk 4 a lU a subscribers to the fiscal Bank of the United'. States" I distinctly declared that my own opinion had been uni formly proclaimed to be against the C ongress intentional) change or infraction by a majority in Congress. . And in that ight alone co 1 regard the -constttu- ional duty which I now most reluc antly discharge., j , ; 1 Is this bill, now presented for my approval or disapproval, such o bill as I have already declared could hot receive my sanction? Is it such a bill as calls for the exerctse bf the nega tive power under the Constitution? Does it violate ; the Constitution by revenue, to be sty I I the Uni ten objec so, in turn, the acceptor may become t distinguished themselves at this ex- a) drawer, upoiva mutual understand traordinary session; by the perform dlng. . It may, it the same time, in- ance of an immense mass of labor, J at uuigo lu iHcrc lutai uiscuunis unu?r; a season very uuiayoraoie ooin no the name of bills of exchange. t A$ health and. action, 1 and have passed bill drawn at Philadelphia on Cam- many .Jaws which1 1 trust will prove den; Kew Jersey ; at New York on all highly beneficial to the interest of the ooruer iuwh iii ncwi jersey; ai um-i; couniryr ana miiv answer us iiisi ex- cinnati on Newport in Kentucky;'; pectations. "It has : been my gobd notto multiply other exam pies, might,V fortune and pleasure to . concur with for any thing in this bill to restrain it,' them in all measures, except this: become a mere matter of locil :accom-J and why should bur difiference on t thai his message Itself.; rtcommende ihesort of Bank which- would meet with his approbation. For one, how ever, we thoughl, and su we declared, thai the first part of his message clearly evinced hostile feeling towards every sort of, United States Bank, and second veto opinion. the truth of the this The reader will see that the it " ' . - r - 4 . j t .... President respectfully, begs time for, consideration, and promises, at the meeting of the pext Congress to pro pose his plan. How closely he follows in ' the footsteps! of General Jackson !. He alao said . he could devise a plan which would be fcntireh constitutional and Tyler uses almost the same words. If it were not attended wi& such seri- creating a National Bank to operate I modalion. Cities thus relatively sit-1 this alone be pushed to -extremes? It per se over the - Union? Its title,1 in mated would' possess advantages over I is my. anxious desire that, it should the first place, describes its general cities otherwise situated, of so deci- not be. I, too,1 have been burdened character. It is "anj act to provide ded a character, as most justly, to' ex with extraordinary labors of late, and for the better collection, safe-keeping, cite dissatisfaction. ' '. I sincerely desire time for deep and and dirbursement of the public rev-1 i Second. -There is no limit prescribe deliberate reflection on this, the great enue, by means of a corporation to be eu to the premium, m the purchase ofj est difficulty of my administration .- styled the Fiscal Corporation of the I bills of exchange; thereby correcting! May we not how pause until a more United Stalesri In style, then, it is ndne of the evils under which the j favorable time; whehJ with the ; most 1 plainly national in its character. : Its community now labors, and operating anxious hope that the Executive powers, functions, ' and duties are most injuriously upon the agricuUu- Congress may cordially unite, s those which pertain to the collecting, ral States, m which the irregularities measure of-finance roav be dehber-1 Keeping, anu, uisoursing ine puouc 111 ine rates 01 exenange are mosi se ;aieiy jaaopoiea, promotive -, 01 me U1C" as viajfjiiiuug, revenue. The means by which these verely felt. Nor are f these the only good of our common country? ) j Sergeant, Applet on,'- Gallitin, tht he;' are to be exerted is a corporation, to consequences. . A resumption of spe- j ; I will take this occasion to declar4kney more1 aboiit finance than all of be styled the Fiscal Corporation of the cie payments by the banks of those that the conclusions Uo which. I ha Ve ;theai)ut together That they cannot United States. It is- a corporation States would be , liable to indefinite ; brought myself arejhose of a settled devise a scheme that is either practica created by the Congress of the United postponement; for as the operatiorTof iconvicUon, founded! in my opiniortL ., .- f' , , .t 4V , " States, in its character of a National the agencies of the interior would Ion ajust viewlof the ConstituiiorS; lor y111?1 andhal a oei Legislature for the whote Union; to chiefly consist in selling bills of ex- that, in arriving at Sit, I have been , 18 lhe maIf wheislupendous intellect , perform the fiscal purposes, meet the change, and the purchases-could only actuated by no-other motive or desire can elaborate a financial project which r nscai wants anu exigencies, isuppiy oq maae in specie, or line notes pi rtnan tp upnoia line institutions ot the v nau restore tne currency oi ttie United . frrli lqdjceVouj o heitr sneK ai man as John xyier teiiing ine.peopie oi ine united the fiscal a uses, and exert tde fiscal ! banks would either have tOi continue licountry as they have come down to States to iu oristlne soundness! How ' . m .' ! i. . ' t .1 . I . I 1 1 . 1 . ... ' . .In f . .... ' I . . . , . !' , - agencies ottne i reasury oi me uni- ivun meir. aoors ciosea, or, exist t us irom tne nanus ot our goc-IiKe.an;.Wonderfully the picsidenlial office must tcu oiaxeiu pucu is lis own ucscrip- i mc uicicy u una uauwuai hiuuuuui y isescors; aaa mai; 1 " siiau sicem my : i, j ilftn ftf itupl-f. Tin its mrnviiinne inn 1 ofi hrnlcerar. fTMnr caft it- b nasspd iflfnrf In cnctfiin , 1 Vm oven (Kmtnt t . i s trrlint c ;ih Th.tTft Mft Ti ; nJop wliKont rpmkpk thif iwhiUt til III nlA urtAki , 1 .;k has. increased hi arrogance ! How u a & - akiaf . mrn. - a a w . a . a b mm m m w mab mm m v a,u a i m . iii iii k . a a a a a a a a a am a. a ii. an a a i i j i a a a . v iruc iiiai, oy us urev secnon, ii pro- i itsuiut ui , wuiuiuuia a mauc u sea i;5ine applause oi men oy a saennce o vides that it shall be j established ml ol the principal bank, its citizens are my duty and my conscience '.ne aisinct ot .uoiumpia; out me a- exciuaea irom au.pariicipation in any p ! ; 3 t ; - JUliJN ,1 iJLKK. mount of its capital -the manner, in benefit it might, anord, bya positive ; Washington, Sept. 9, 1841. which its stock is to le subscribed for prohibition on the baqk from all dis- h : : ' - - - ! . . . . . I . i ' - a ' . a a a la - . . ' 'a C ' I i? " ' 1 ; and held the nersons and bodies, countiasr within the District. i i omTinsTta mmmTWm a v v" aa w m i - ra ) r as a ii wwm . m w a m : i u ac u n sa ai;a aa - ar a a aa a a a a u n a a a as i 1841. -the prohibition of Congress to es tablish any other corporation witi similar powers for twehty years, with founded on the exercise "of the power of : lo create a National Bank to operate per se over the Union;" ; arid, enter i tainirig that opinion, my main objec 1 tion to that bill was based Jupon the highest moral and religious obliga tions of conscience and pe constitu tion. ' I readily admit, that Whilst the qualified veto with which the Chief Magistrate is invested should be re : girded, and intended by pe l wise men who made jit a part of the Con- siuution, as a great conservative prin ciple of our system, without! the ex ercise of which on important occa- sioaiaXHiera representative majority mizht urse the Government in its framers, pr powers too hasti arol U ii n nnwpp TVla i via wai ay mt w w most cautiously exerieu, ana perhaps , never,' except in case eminently in volving lhe public interest, br one in which the oath of the. President, ac ting under his convections, both men! al and mnral. trrmwlmnlif " 'iniiJr r ' ' . a ; i..r l . .1 i .. . . I n its exercise, lntsuch a case he has ' as local discounts. Both were tra stock may be held the appointment I wichl prominently exist ajgairist the THURSDAY, SEPT. 16, of its directors, arid their riowers and I details of the bill; others 'might be t ' duties its lundamentalt articles, es- urged, of much force, but it would 8: Mr- Editor take thia method of announ alas I has it inspired him. with a dicta- 1 torial consequence. . ? ' - - "Man, vain man clothed with a little brief aa CoU such fantastic capers before hih HcaTen,' As makes the anjiela vyeep!" ' t ; - . ! i c ijstc neunr time nor space tor further comments Ithis week 5-. i The following eentlemen have been" Is- a.' .i r i I . i i ' w j1 pecially that to establish agencies in be Unprofitable todwell ! upon them: SiSeSS5 sSauhcSSf nominafed h7 Tylf and approved for any part of the Union the corporate suffice it to add, that this character is to be held in August next, 1842. I would not his new Cabinet : fsWalter Forward, of powers and busines. otl such agencies designed; to continue ;:lbr N'twenW Sclret.ry of the me.4 """"" I r -----i .... - i , : -a. - ' t ... ' - - t ... ; - .. . . .- i iiul iur i uuumuwH years, Wimout a competitor; that the impressmKnthe mind- of Ae citizens.of thii' sarv, John McLean, of Ohio. Seere- w i i a i .l. !!.. .f I. ! !.".; i . ; . . u " - 7 . . I tabtish any other corporation with J ueiects to wnicn 1 nave aituueci, oeing cfmnty, that 1 had abandoned the idea or being a;; , w p . ; ij f v j oecreiary oi tne xxavy, Unas. A. Wick- express reservation in the same clause the Corporation, are. irrevocable; and to modify or create any j bank for the that, if; the objections be well (bun District of Columbia, so that the -ag- de, it would beijover-hazardous to tie Secretary of the r Treasu ry, as a depository of the public funds. .--23 ; : i I 1 ' . i - i - gregate capital shall not exceed five pass the bill into a law. million; without enLmerating other in conclusion, 1 take leave most features which are equally distinctive respectfully to say, that I have felt anqicnaracieristic, clearly snow that mej most anxious sonciiuae 10, meet Congress adjourned on Monday, the ii cannot oe regaruea as ether than a inejwisnes oi congress in ine aaopiion 3m' jnsj i ; : Bank of the UnUed States, with pow- of Fiscal agent, which, avoiding all 1 1 ' 1 " ; '- l ers seemingly more limited than have Constitutional objections,.should j har- I nLt .;n J.K-t1- .i:- u-..r.-r,ir ...... . "L: .-ii:: a La ' Qur readers will see that a most dis- I The " Bank of the; Metrqpolis iii. liff, of Kentucky, ifbst Master General, Vashingtdn City has heen selected by. Hugh S.' Legarei jbf Bouth Carolina, us . Jiereioiuie oceu eranicu 10 sucn an iuuiiiicjvuciic uuuuuus. jiewa thn limits' HTAd hv inciitntinn. It nnratp i nt . avpp tedibv this feeliusr. 11 have been, read xt 1 P mieht exert Us lust the Union, bv virtue ofi the unaided, to Vield much, liv a spirit ot concilia- Hf ' - Jilt .. i aaT I i - , m af i . m -- , i t . I ly or oppressively ; and, in my view, assumed authority tiori, to thle opinions of others; and it whirh oiltrht t n Yit I rif Hnnffrpci a a IVJatmrtal 1(xlc1otiiro lis a 1 w -a waW WW aa w M A ?., iWliiyUI Vrf Attorney General. .': The nomination of Edward Everett as Minister to England 1 was also confirmed u About two months ago we heard at gentleman who ha4- been to Washing, ton, declare that Tyler was under the influenceof Calhoun; thaihe (Calhoun raceful affray took place in the House nepreseniatives on me itn insiant. was working in himfa dangerous chanfre lhata ap c roust it ha e en for ! of opinions, and! late develonements wun great pain mat l now leel tne roonarcnicai representatives oi iu-i hnw Ti rih f Uhm ...i;n ti,a as ditinguishable from a bank created con)pelled to difler from Congress a ropean Governments i As the .affray I new Cabinet are nirt of the trreat nul hv f!nnrrp fnr th Tliatrt nf fVL second time in the same session. At i : i. '..Ly. u . . :. , 6 " wV w.w..0.ww -w. ...w .w...w. w. . -ww- . - - e T." w I ta-e place, nowevewe wish oiauiy lumbia, as the locaKLesislature of I -he 'commencement of this session, the District. Every United States inclined from choice to defer to the 15a no alternative. He must either exert lhe negative power entrusted to him by thcConstitutlon chiefly for; its own preservation, protection, and defence, -or commit an act of gross moral tur pitude. Mere regard to the I will of . . 1 . ... . i a majority must not, in a constitution! al republic like durs, control his sa , cred and solemn duty of a sworn of ' iicf r. The Conititutioa itself I re- gard and cherish as tbe embodied and written will of the whole People of the United Statesl It is their fixed and, fundamental! law, which they unanimously prescribe to the public functionaries their it ere trustees and servants. This, .their will, and the law which they have given us as tlw rule! of our action ;has no guard, no 'guarantee ot preservation, protection, and defence, but the oaths which it prescribes to the t public ofheers, the security with which they shall rdN gioujly observe those oaths, and: the patriotism witH ' which v. the 1 jpeople shall shield it by their own sovereign win, wnicn nas. maue me vonsuiu tion supreme. It must be exerted against, the will of a mere representa tive majority, or not at all.) It is a- lone in pursuance of that ;. win that any measure can reach the President; and to sap that because a majority in Congress have passed a bill the presi dent should 1 therefore sanction I it. is its abrogate the nd wer altogether', and to render its inserticsv' in the. Const, tulion a work of absolute, superroga tion. The duty s' to guard the fun dimenlkf will of, Hhe Peoptelmem nk heretofore created has had pow- Legislative will, I submitted to Con to deal in bills of exchange, as well gres the propriety of adopting a Fis cal Agent which,- without violatm had given the Virginia Humbug a sound tqrafhing. , . ; . ; Is lifiers tail ; jreal worshippers of the S., C. Humbug. Suchfjat least are Upshur and McLean. ECf Several interesting articles are ' we I si - expectediv last nights1 privileges conferred, and both the Constitution, would seperate the e3fc,uded from this week s paper by the brought news of a most interesting exercised, by. Virtue of the pubjlic money from the Executive IfS of others which we were anx- painful character Vpm Washing ding were aforesaid power of. Congress over the control, and perform the operations of Udus to publish. ; The communication whole Union. The question of pow thelreasury, without being burden- which fills our first page, we could wish er remains unchanged, without refer- some to me reopic . or inconvenient ence to I the extent of; privilege or expensive to the Government. It granted, jlf this proposed Corpora is deeply to be regretted that this tion is to he regarded as a local bank Department of the Government can of the District of Columbia, invested not,1 upon constitutional and, other bv Consress with eeneral powers to grounds, concur with the the Leeis operate over the Union, jitis obnox- latiVe Department io this last meas- wre shorter, but long as it is, our rea ders will find it well worth an attentive perusal. i! I I. ions to still stronger obiections It .ssumes tha Congress may invest a local Institution with general or ha tional powers. With the same pro priety that it may.do: this in regard to a bank of the District of Columbia, it may as to a State bank. Yet who can indulge the idea that this! Gov ernment can rightly, by . making a btate bank its fiscal azenti invest it with j the i absolute" and unqualified fowers conferred by this bill? When -come to look at the details of the bill, tliey do not recommend it strong ly td my adoption. A brief notice of some of its provisions will gufJfice.f First. It may justify., substantially a system of discounts of, the most ob jectionable character. It is to deal in bills of exchange drawn in one Slate and payable in another, without anv restraint. The bill of exchange may have an unlimited time to run, and its renewability t no where guarded a gainst. iye mvite the attention of wheat growers to the communication from ure (proposed to attain1 these desirable Att- JWyche. The -t increase of i wild objects. 0 vying to the brief space be onions has been of late years, a cauae iween me penoci ot me deam ol my ollalarm evety where ; land when they mail and Washington. The following members of that bright" cuusiejiauon ui patriots ana statesmen which Harrison ha gathered arband him, to reflect the eoncen trated of their Brilliant minds over the U shave resigned thei& Btalion, to jCrittenden, EwingJ Badger, and Bell : and it is also supposed . that Granger will follow their example ; Webster light nion, wit : elves from. (in this ease I admit tin U may, in fact, ' assume the most objectionable form of accommo dation paper. .. It is not required to rest on any actual, real, or substatitial Avnftan'oro rioaTc a rl rate n In trio rttiA bccomei the acceptor in anctlier, andl lamented predecessor and my own in stallation into office, I was, in fact, not left time to prepare and' submit a definitive recommendation of my own in mv resuiar messare: and, since. my mind has been wholly occupied discovery therefore, which may be ef in a most anxious auem pi to comlorm ucuciuua muesiruying uns ny-ura-weea my aciiuu iu uie jegisiauve win. 1 wouiu ceriainiy oe a grea puouc gooa. In this communication, 1 am confined, alone remains.; Th last Intelligencer ' ktontaina the lettp.r Af Ftwinor nf! Prti-: oiifce take root it has seeded impossible jen(Jen to ple8-Jin, and Wet Ojjexterpate them.-. V?. hare known UeeeJingly: that e.hhof firia Uffie ' large fields to be ent.rely,ru.ned by one Lnd .pace for them tiaii webkVpaper. v onjon and.ng.ta way mto them: any L leUer 0r Mr. Ein. fc.W' it a: nd unfolds a train of falsehood, trea-- chery, deceit, vanity, and insolence in - he conduct of John; Tyler, , that must make verv ' American citizen .blush : with shame for theiriChief Magistrate. We confess, hard aai was oer opinion m . ' . 1 ' .. ' ' V. " ... w ' A by the Constitution, to my objections Our readers will see that President simply to this bill, but the period of Tyler has again interposed his veto in the regular session Will SOOn arrive, arrest of the nubile wUL I He returned . ; . mi 1 1 ' . ''-- . . .1 r.s-- i wne,n i1 y y oj- tolhe House of Representatives, on ofTyler. w. were not prepared to bear ciuaw v. .w vutiiiuiiuu, "iu give i tA5.,J- ik 0.1. :-w .kU teu.--'-.- to Cdnsress information of the state 1,f 8 - a 44 Fiscal Corporation of the United o f such miserable j tergevit ation I and deceit : we felt mortified, abased, that V. r . r. S ' - - 1 I w w ' w . . Stites, wUhhis obje our rresiaent, aoa we.. When the first veto message came, we f ould that the curtain; of oblivion might . indulged in some severe remarks to- forfe'yer'iiide U;' wards John Tyler, for which some of But it has noty gone forth to the world; om-best and most intelligent whig il is proclairned by a,an whose word ; friends gently chid us, and endeavored none u auB,,,oneu ewpza w to make us believe that ITyler wouldl anucvenawung iniaui.iuusi.wuvcr.uuu sarfction a Bank of. Exclange. They yIcr- wing asserts mat tne reM- theuffht4 the whiff tiressc nhouhl not dent declared to his; Cabinet, that he The two Houses of Congress have' abase him, till he was falrlyiied,andV0UWsuc of the Union, and recommend to their consideration such measures as 1 shall judge necessary , and expedient.' And 1 most 'respectfully submit, in a spirit of harmony, ' whether the pre sent differanees of opinion should be pressed further v. at this : time, and whether the- peculiarity of my situa- tion does not entitle me to a postpone ment ot this subject to a mere auspi- cious perioa ior aeiiDeraiion ir s
The Oxford Mercury, and District Telegraph (Oxford, N.C.)
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Sept. 16, 1841, edition 1
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