COMMERCTAL REGIsTER

MOBILE:

WEDNESDAY EVENING, AuGUsT 25, ls4I
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WEDNESDAY EVENING, AUGUST 25, ls4l.

 r#r YEro.-T'he President has conierreda Pol'- ,.sl blessng upon his country, for which we graie- tnly thank him. In forbidding the banns of real lance between the government and the money po"er in stamping reprobating and emphatic veto upon the uroiect of bartering away the functions of govern lnsnt and the rights of the people, To private bankers and stockholders, and under the perverted principle uf rested rigAas making them rrevOcable for twenty or thirty years, John Tyler, the President by the

 good Pyotgdeaos as well the act of God, has ent- tsd himself to the grateful blessings of every friend 10 his country.

 In our Extra publication put forth soon after the mail arrived yesterday, characterizedt the message as "THE UNQUALIFIED VITO" After more close and careful study of its contents, we see no cause to change opinion. The principle oi D'- sOrcs held by the Republican party worthy 10 be termed the principle of deliserance and liberty"

 eeps out of the message in more than one place, and we cannot help thinking, that but for party assoca lions for the past few years, Mir. Tyler would have heen an Independent Treasury man.

 "I will say that looking to the powers of the go

 

 public revenue, and incidentally regulate commerce and exchanges have not been able to satisfy myself that the establishment by this government of bank of discount in the ordinary acceptaon oi that term was a necessary means, one demanded by proprie- ", to execute these powers"

 These words of the President are full of meaning and death blow te all the intents and hopes of federal politicians in the establishment of bank Fbe President denies the right of congress to set up a corporate monopoly, invested with the dange- rous and secret power of contracting expanding the currency al pleasure-of instlttng paper cur reacy for that of the constitution. He is unwilling to give such an institution the power buy up cab net officers, congressman, editors, lawyers and in huential men of all classes.

 'ls power of local discount has, in fact proved to be fruitful source of fayortsm and corruption, a.

 like destructive to the public morals and the public veal"

 We understand from the message, that no national baak, as we have heretofore known such an nstitu- ton will be chartered during Mir. Tyler's Presiden- tal term. What he would have, in lieu thereof, we know not, neither do we care. The great point, we have now established as the pelcy of the admnistra ton in its fiscal afars is this that the fiscal agency of the government, whatever it may be, will be strcted to the execution of legitimate gopernmeni hseiOnS, and that the collecting, sakekeeping and dsbursing of the public money, will no longer be ssed as a pretext for engraftng dangerous moneyed monopolies and political engines upsn the constitu tion.

 Upon the whole we are more than satisfied with the message. It strikes down the vital principle of the monster, and the republicans of the land may eel ebrate the conclusive of the present nyola- bility of the constitution.

 The spirit of the veto is as good as the natter He treats with great severity and undsgused scorn the juggle of compromise with which Mir. Clay descended to render palatable an unconstitutional proposition. Indeed the President sezes upon that section of the bill furnishing al-sufcient for veto. j" waiving all other considerations. "- Mr. Clay probably convinced on reading the sage that Mr. Tyler not bird to be caught with chaf and that he treated with the contempt of vir gnia gentleman his bold attempt to humbug him out of either his sense or his honesty.

 The veto is worthy of remark in another point of view It exposes and confesses the monstrous fraud attempted to be practised upon the people by the Bank party. They told the people before the elec- tion tLat they did not mean to establish bank-both of their candidates, "Tippecanoe and Tyler too," were known to have been opponents of the Bank by such means tens of thousands voted for ''Tp and Ty" who never would have voted for Bank. They were elected, and with efrontery amazing and incredible, federal Congress immediately convened, declare that the people-the "asOnized people," have decided for Bank. But their fraud did not end here-they were not content with violating the confidence of the people. but they contemplated the project of compelling their President to ,rampe up his conscience, perjure himself, and sign bil to the principles of which, through long life, he had been firmly opposed. Thanks to MT. Tyer's manly frmness this act of political nfamy has been spared the country. Thanks to those Virginia principles those Virginia absfractions," hateful to the sell fish rag currency men, as the bulwarks of defence of the constitution, against theT sordid and unpatr otic designs. Yes! thanks to his Virginia abstrae foas," (and God bless the old mother of Presidents for bearing another worthy sonD the country is free from the curse of National Bank for years to cone-perhaps forever. We'll done, John Tyler!