The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-02-07
mo. s.

H..
s. tuiions upon he m st ample security to-
transfer the public revenue upon terms e.
quaiiy advantageous tn the u States A.
"ong The several states commercial utter.
Course is great, and daily incr, asing the
constant traffic which the different portions
OF the country maintain with one another
VIII give facility To the opera ions of the
government; & obviate the obstacles which
are anticipated--the very commerce which
enables the Treasury TO remi; with ease iT-
menSe sums @ every part o: Eui Ope is tive
result IT this interchange among the stats.
ana insures equal facility at home--wherts
then IS he ueCeSsity for tbs bank, The CO
comnod't of the bank the government,
IN times OF emergency. and the use Of its re-
sources to support public credit have been
urg"d as mo'ves for its establishment how
Tar such consi0 erations " cakrn ccostitu ion.
al objecti l-, I is needless to state. l.. r..
the bank becomes source nf supDiy to hsA
government to an adequate ex ent, it Ceases
! TO be one to the merchants. 1t Tive efore
Cannot answer in both Capacities. Tn. anne
necessity which throws the govero entnp-
on the Charity of the banks rend'rs il inca-
pable Of discha'gin he obligation, s while
the funds of the institution are Licked ND
IN the government its commercial furct ms
must cease. The relief which sudden nd
temporary embarrassmrnts REQUIRE can az
n =
and therefore, SUPERB edes the necessity of
arc from the bank. Whenever by d sasters
| the ordinary sources OF supply are cxhaus
ted, or The unavoidable objects of exuenai
ture exceed the revenue a more copicrs
an" permanent alment will be fond in the
wealth and capital of the citizen, thar; by
Us fr'm b INKS. Ius cad Of divcr'ing q
! &C I've and productive capital from us. full
channels, the sluggish ind inert mass will
be draw fort IA N aid
credit and cherish private enterprise But.
/ is t Pruden /" rely upon al institut. on hat
may refuse you assistance What will h, the
influence OF such an institution on the gov
eminent, and the Country at largel 1t caH-.
nov escape your recolle ction, that the esta-
o''Nh"en' OF the bank of the States was
tht orlgn OF a system which assumed as its
oas's he enlargement OF the national juris-
dic'i"n. Whether the principles of exurdvs
cncy to which it owes its birth be REGARDED
or me overweaning influence it established
over ne monIed institutions and merchants
OF the safes, the charge, to say the least IS
plausible.
ne close and intimate connection bet weef,
the government and bank the depend. zee
| OF the former for loans, and the .ter tor
poohc deposits have given the Executive.
orahch us tuil share "t i.fuence and dunn,
shews hcontcstIbly it WAS Gre ted "a, ues,
ment the power OF the general govern nt
and the Executive in particular Ycs str.
l. was the commencemcnt OF those poli,i &
am ''osl les hlcs' have poisoned the snnrcess
vi sociai INT recourse il was the rien Of
that doctrine Of cons ructive D. wtr VIII n
ao' es the 'ocstitu,ion and nuilif the
'rcu imposed upo Corgress. - =.
az u eAiN 5, IN body polite will ex .e rie,.ye
the agtat ohs and convulsive thr es of veil
grounded jealousy in the states.
OIL, IN the administration of t,;s - ,,.
men' two things alone are necessary to en-.
sure ITS durabit y. You must first ayoin es
very measure wnich will produc une.. j.
ness among the states, or second that ,yin
eX end the jurisdiction of tie u. S. ec}y,., n.
me"t 20 sdbJtc's purely local. ! do M, mean
On - the 'igh'tul authority "i Congress. V to
"g aoaho"hed tor tar If giving offence hur
heheVer called on t, axe a sep wuic. wi,
P'p"Gce - easinese, you h u.t b.. her/cctHj
sa'ished the letter and sprit of the constr =,
ton bear YOU out. Do rot gentlemen rrr-
ceive he tendency of this measure 10 in.
TG''e u WIN the state upon delicate po'n )
rids not the U STATES Bank produce s.r;
GUS alarm! WIZ not the alar IN be increass
ca ny us Continuance AT this ti7,.rp Yes
SIR, some OF The states have alread, I red
TINS INSTITUTION others have waited urde,,
ne expectation we. shall render a co Isl n
NJ II ceSsary. Suppose the charter he re-
I've" ed and the stockholders should be t,x,-
| 60 IN such manner as to destroy virtua Iv
the privileges you have guar teed To hem,
Are you t. leave hem unprotected. .r win
jou draw he sword III their behaIfI While
you nave tImey avoid situa,ion no Sc
Pt'hous than the most selious foreign var.
| since the establishments of the bank he stateoa
nave created bank s--ther people h ave lccuJ
muiated capital, and they will nor tamrIv
"intSS the perpetuAtion of an irs.iiution
"h'se strength Can at any mon,en W.
t''ro" whatev state b nix they 81 atrnar ~
est ucflon. However paradoxica = .,ay
appear, consider tile general p ii etn,r..1t
heightened by narrowing rs imIis,'ic NJ.
/ l. VIII produce disunion wheneve the, me
'efe with local conc, rms The HABITS lrsl
interests and passions - this roun,rc varv
and no one is a Competent iudg, If VIZ
will SUI the ceilings Of the slate on If whick
ne lives. Bat, sir, there are general prin-
cip'es 10 which our feelings and into r STE re
/ ideniihsd these are subjects uDau Which,
we NAV safely act, and rd,t to he en- 80
ration Of every man and state in tho uu;on
Does me bank affect the people iocalh -,
ne answer is obvious il not onIv c;hdar
takes tn tx the amount of capital but in,,r.
feres with the tights of property mos, &c
senuaily--lt may change the flndamert.1
principles OF state law as to the liability of
property for debts and the mode of rec,yer.
ing them. Let me. caution you against the
renewal Of the charter; it 10 nreVn,o. -