The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-09-05

right 70 demand Of him hoy il has come tn pafs that
the power of its enemy has been nearly doubled.
while its own has undergone poftve dminution.
All this and much more it has right demand of
him the demand it viii make too, and will be
aniwered by ovation, or chldiih Rory about the
extraordinary difficulties he has had contend with ;
about the dreadful danger of the French revolution,
the troardneis OF tho people OF this country that
volution it his phce to foIeiee, and to prevent
profit fro and tothe temper Of the people, let it
never be forgotten that during his administration they
patiently frbuutted TO income-tax of per CEN
tum and to even years fuipenion of the habeas
pus act. In hort he had the nation, all its property
and all its perions, but particularly its pecunary
fources 1t his abfone command for the lait twenty
years, fix eight months, mott excepted and, dur
ing hat time mcclure contrary his fyitem was
adopted. Responsibility refs, therefore on him and
only on him; and this is fatt that fhoud never be
Ion fight Of.
BANK DoLLARs-Therc is bill now before parl-
ament for extending the again countereiting
King coin the counterfeittng of the dollars Iued
and be iued by the banks of England and Ireland
The bill hands for third reading this day. There
ieems be neceifty for palng law OF this fort,
unlefs the dollars be called in, cried down ; for
thoufands and hundreds of thouiands will otherwiie
foon be made of bale metal But this bill, whenever
it becomes law, will put the ieal to the copartner-
flip between the bank and the government and will
indirectly confer upon the former the joint power of
coming money, which has awayshitherto been regard
ed as an attribute of fovereignty. From the firt
efabliihment of the bank of England to the admin
iration of MIR. Pitt, the Parliamen, appears always
have been extremely Jealous of any coe connexiou
between the bank and the exchequer. Till the year
1893, the bank was prohibited by law, and under
heavy penalties from advancing money the govern
ment except on the credit of Parliament but in that
year Mr.. Pitt obtained from the Parliament an ACT
to do away the penalties, and OF courie the reraint
The consequences have been fuch naturally TO
be expected iuch as were foreieen By thpie who un-
deriood the fcience Of political arithmetic iuch as we
feel, and fuch as we fhal by and by feel much
grievouny. The mniller borrowed nenle umsfrom
the bank the bank, in coniequence thereof oon op-
ped its payment in pecie the ninilter procured law
protect the bank III this breach of contract the
abuie has been continued during peace well war;
leaving no check upon the bank as to the quantity
of its Iues the paper has accordingly deprecated
and the evil has extended Ireland heightened
degree, and with aggravated circumstances at lat,
fupply he place Of the coin of the country, driven
out by deprecated paper, the banks permitted
to ue dollars at an advanced nominal value, and in
order give thefe pieces air OF reipecability
and authority the head of his n,aeAy is ftamped on
fde, while the arms of the bank graces the other
thus proclainng to the world, that, in this fr and
always hitherto undivided attribute of overegty, the
bank participates with the monarch-This mea-
fure, this deed of partnership, had however, yet
received the fanior Of the council only the bill now
before Parliament gives it the fanction of the leg
ature. Hence forward the government and the bank
matters of credit, the fame: the bank paper
is the government paper and, as no government
paper did, cam long retain any value at
Ill, 70 mutt that of its original rags,
eGs things be rsftored the tae in which they
were i'll I79s.-Ensiih bank paper will bear up long
er than any other government paper ever has done,
becaufe though it sin fact the paper of the govern
nent though the government has neither the pow
the right to force the bank to make good its
engagements without firf enabling it 70 to do of
the treafury, yet men have 70 long been accuGomed
to regard the bank as infitution having ample
ources totally independent of government, that it will
require time, though circumstances may render that
time very hort to convince them of their The
longer however the cribs is deferred if it is finally to
come, the dangerous will be the conlequences