II For the Prcsidenp- Veto Messase' see f"'
Page. u,dye
For another capital Chapter of Barnaby h"'se
Last Page.
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see Last Page.


3 Look out for Foreign News this morning by Steam
ship al Boston. We expect an Extra PFln'e' i0 " -"
ton but if not We shall issue speedilE.


r p,e.,nyy7's vyro-We should have been far better


,sed with the Presidents Veto Message had he chosen
70 ,ecooozs directly and frankly instead OF crcuiious and
;e-n,;,lly the benefits which the Country has derived
through series Of years fron the existence OF Naona
Bank These benefits and undeniabe-thcy stand
on, upon the Nations History and ought have been fully
admitted in document like this Mr. Tyler has hitherto
stated that while he deemed National Bank
AL he regarded useful and easuraby necessary in
stitution and would heartily support if the Constitution
al difficulty obviateJ If ne had repeated
in this Message urged the establishment Of Bank d
the power Of local Discount he would have saved
the feelings Of his friends and the powder of his adresre
Perhaps, however the occasion not deemed fitting for
any suggestions beyond his simple for returning the
bill before him. We have from reliable
That the President unhesitangy favorable Bank Of
Exchanges and Issues. We will be established at
the Session of Congress farhest


We cannot concur with those who maintain that, mat
ter now strong Mr. Tyer personal convictions thai
such Bank was unauthorized BY the Constitution he ought
nevertheless ts have signed tie bill passed by Congress-
This doctrine utterly conuscs and destroys the important
distinction between the President acting integral por
ton Of the Legislative power and simple Executive Off
As the Executive, he is bound every law faith
fully executed unless the Supreme Court ponounccs
constitutional he make and unmahc laws pleasure
But when required as branch of the Legislative power,
approve object bills passed by Congress- he has
substitute understandings and for his
The that the House, the Senate and the President
had united pronouncing Bank necessary 1916
held by the Supreme Court cvince concusive thai
such Bank necessary, and therefore Constitutional
existing circumstances Of the Country and of the Gov
ernment But does this establish that a similar u differ
Bank necessary in l84 peremp,ory that the Pre-
sdent is liberty consider the question We think
necessary and thence Constitutional but because
the judicial decision twenty odd years ago But the doc
tne which makes the Presidents approval of bills which
have passed Congress of course whenever similar
acts have at any former period been pronounced by the
Courts CONSTITUTIONAL however just itself convenient in
its application is to our mind clearly with the
Constitution.


The gist of the Presidents objection is this Admitting
National Bank is necessary the proper conduct OF
the fiscal operations of the Government and the
of Uniform Currency it still by follows that the
investing of such Bank with the power of ordinary Discounts
either necessary the Bank Gas it certainly the
Covernment beneficial the People. Mr. Tyler thinks
not, decidedly; and thinking, ne ap
prove bill establishing Bank with such power. The in
irresistible that Bank divested of this power
would receive his


While do not perceive any thing strkingy original
forcibc Mr. Tylers argument the general question
say that the compromise section absolutely anhiat
ed by him There fragment Of it left There will
be danger of deadly rivalry in claiming the authorship OF
that notable conrvance We know it not Mr. Cny's,
but reluctantly accepted by him the last minute
as the eay of carrying the bill through the Senate
After brief and troubled life, reposes sleep that will
be everlasting.