FREE BOOKS

Author's List




PREV.   NEXT  
|<   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129  
130   131   132   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   >>   >|  
dency, in accordance with the sentiments which he had uniformly expressed, the attention of Congress was called to the constitutionality and expediency of the renewal of the charter of the United States Bank; and Whereas the bank has transcended its chartered limits in the management of its business transactions, and has abandoned the object of its creation by engaging in political controversies, by wielding its power and influence to embarrass the Administration of the General Government, and by bringing insolvency and distress upon the commercial community; and Whereas the public security from such an institution consists less in its present pecuniary capacity to discharge its liabilities than in the fidelity with which the trusts reposed in it have been executed; and Whereas the abuse and misapplication of the powers conferred have destroyed the confidence of the public in the officers of the bank and demonstrated that such powers endanger the stability of republican institutions: Therefore, _Resolved_, That in the removal of the public deposits from the Bank of the United States, as well as in the manner of their removal, we recognize in the Administration an adherence to constitutional rights and the performance of a public duty. _Resolved_, That this legislature entertain the same opinion as heretofore expressed by preceding legislatures of this State, that the Bank of the United States ought not to be rechartered. _Resolved_, That the Senators of this State in the Congress of the United States be instructed and the Representatives be requested to oppose the restoration of the deposits and the renewal of the charter of the United States Bank. On the 11th of January, 1834, the house of assembly and council composing the legislature of the State of New Jersey passed a preamble and a series of resolutions in the following words: Whereas the present crisis in our public affairs calls for a decided expression of the voice of the people of this State; and Whereas we consider it the undoubted right of the legislatures of the several States to instruct those who represent their interests in the councils of the nation in all matters which intimately concern the public weal and may affect the happiness or well-being of the people: Therefore, 1. _Be it resolved by the council and general assembly of this State_, That while we ac
PREV.   NEXT  
|<   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129  
130   131   132   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   >>   >|  



Top keywords:

States

 

public

 

Whereas

 

United

 

Resolved

 

powers

 

people

 
Administration
 

council

 

present


assembly
 

legislature

 

Therefore

 

expressed

 
legislatures
 
Congress
 

renewal

 

charter

 

deposits

 

removal


rechartered

 

Senators

 

instructed

 

opinion

 
composing
 

preceding

 

Representatives

 
restoration
 

Jersey

 

requested


heretofore

 

January

 

oppose

 

intimately

 

concern

 

matters

 

interests

 

councils

 
nation
 

affect


happiness

 

general

 

resolved

 

represent

 

crisis

 

affairs

 

preamble

 

series

 
resolutions
 

decided