United States -- History -- 1815-1861; United States -- Politics and government -- 1815-1861
Mr. Clay did not leave the House long in doubt {7} concerning his
views. He quickly revealed and avowed that noted change of opinion
upon this subject, which has been commonly accounted one of his
greatest inconsistencies, but which may be very properly considered as
simply manifesting that growth in patriotism and national spirit
experienced by almost all the leading men of the country, outside of
New England, in consequence of the vicissitudes of the period of war
under which the nation suffered between the dates of Mr. Clay's two
utterances. He frankly confessed that he had changed his opinion, and
explained the change by saying that the power of Congress in respect
to the matter was contained in the clause of the Constitution which
conferred upon Congress the authority to make all laws necessary and
proper for carrying the powers of the Government into operation; that,
in the interpretation of the words "necessary and proper," reference
must always be had to existing circumstances; that, when conditions
change, the interpretation must be so modified as to meet and satisfy
such change; and that the conditions obtaining in the country in 1816
were so changed from those obtaining in 1811 as to require the
enlarged interpretation of the powers of Congress under this clause
upon the subject of the monetary system of the country.
[Sidenote: Passage of the Bank Bill by the House of Representatives.]
The eloquence and the influence of Mr. Clay counted heavily in favor
of the measure, and it was passed by a substantial majority of votes.
In fact, the privileges of the proposed Bank had been increased by
amendment during the progress of the bill through the House. The Bank
and its branches were made the depositories of the funds of the
Government. This great advantage was, at least, a substantial offset
to the other modifications of the original bill, whereby the clauses
requiring that the president of {8} the Bank should always be chosen
from among the Government directors, and reserving to Congress the
power to permit a temporary suspension of specie payment by the Bank,
were stricken out.
[Sidenote: The passage of the Bank Bill through the Senate.]
During the passage of the bill through the Senate only a single
Senator expressed any doubts of its constitutionality, Mr. Wells, of
Delaware. Mr. Wells did not deny the power of Congress to charter a
national bank, but simply contended that the particular Bank proposed
in the bill exceeded what was "necessary and proper" for carrying into
effect the powers of Congress, and was therefore unconstitutional. On
the other hand, Senators Barbour, of Virginia, Taylor, of South
Carolina, and Bibb, of Georgia, supported the measure, both in
principle and in details, and carried it with a larger relative
majority through the Senate than it had received in the House.
[Sidenote: The United States Bank of 1816 a Southern measure.]
Public-domain text, read in full here on John Shaqi.
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