Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1818-10-16

RICHMOND, OCTOBER I6.
FOR THE ENQUIRER.
THE UNITED ST1iTES' BANK.

VI tut 10 TIE utSUtSt possible tCil. 'l1s
as suddenly lcvelled them 10 ic ground. The
shock has been as severe rs il was uuexpect ted.
| Many OF those who were clamorous in favor of
us establishment, are now astonislcd II the
| spectacle il exhibits.
The difficult, wh; CHI government perienrod
| in procuring the necessary uC ans OF carving
ON the late war wits yiCor and spirit, induced
| many of its friends TO be soiiciious for the es-
| adjustment of n National Bank from which,
| IN case OF emergency, a sufficient fund might
| be drawn upon loan, for all The purposes Of war.
| like operation.
Nor this, the ouly argument set up in Is
| favor. Taking advantage of the deprecated
| state of the large quantity of Bank paper then
| In circulation, every dollar Of which was more
or less subject 10 a discount, its friends advo-
Gated its adoption, as the only sure corrective
for so monsirous and growing AN evil TO 80
cieiy. II, said they, you would rid yourselves
OF the disadvantages you labor under, give
! your voices in favor of National Bnai;. ];
VIII be every thiD:. TO YOU, that you reqnirc...
! it"ii' scatter lis branches through the country
! rcmeraIiy; and those branches will be supplied
| WIN capital, ronne nsurate to the dignity Of
| lhe uofher. from " HON ii,ey derive their BIRTH
| These will te LIBERAL in their discounts. Tie
merciiant, the farmer and The mechanic, AL
| viii T" share and share alike"
ExcellcntiJed Most torciblc reasoning! IL
| went AT oGce 10 The heart of the unthiatias
lie was convinced, becau.c he WAS told, that
| he was To prom .it. His empty purse was 10
be made full. Ii was a national concern, ard
4 w NOhiNS ~ oil tilV CNEsnse OF tlic tla-
ton. 10 him, il was a matter of no reflection.
whether II WAS To b. filled hy the rgiR OF sin.
gle individual, or that CT The nation. These
were things fut the ms rSi-aiion OF the puliti-
| cian and Statesman, arl in which I've tonk no
| part--howevcr deeply concerned in their ul,i-
| maic bearing.
! The bait thus thrown out was greediiy swal
| lowed. TIE simple aud The wise we're equal,
The d"pes of then own folly. AL but the most
scfnphiouS interpreters OF the constitution,
were ANXIOUS for The success of the National
i'ank III was scarce allowed the usual time
iof coming 10 ma tuilty l was raised Into being
a'inosi as II by magic. IN a few shCtt months
from inc passage al the law by CongI ess, grant.
| InS ITS Charter, the people were graitied with
| the pleasing spectacle OF Branch in almost
| rVerytown of co0nlercidii1portaace throughout
1 the nation,
| Thus was this tTemenduous engine f" rot NM
| by the nation tor the purpose Of national con-
| vehience; but the people have been convinced
OF their error from tn. measures il has learnt
10 play 81 hpon them, at period s0 early "If
4 these things are done in the green tree vhat
| will not be done III the dry" What, then NAV
not be appreheRded from it, when il shallh have
attained 10 the wears of maturity, and shot
| forth IT'S branches into every section of or
country Let those answer the question: who
| arc competent TO unroil the parchment upon
| which are inscribed the events OF tuturityl
| Facts are stubborn things" though il is not
| always wise and prudent to speak them 1t is
my intention, however, to use no Disguise /
III
| freely and above board. am then. hostile TO
the National Bank, in every si,ape and form.
am bold TO avow this hostility because, were I
even so inclined, az, too poor ever to profit by
1t, or any of ITS branches. And if were not too
poor, am too much of a Virginian, to accept
IA favor frea an institution, which look upon
| as dangerous to the liberties of my countrv...
Let " not, however, be inferred. that am at
all .nfnenced IN my feelings towards it, from
motives of interest, as being in the slightest
| degree connected with any other. I am oppos-
| ell to the banking system alto ether; hut more
| especially so, TO the United States Bank
ISL. Because believe lis chaIter 10 he vio-
| latIOn of the constitution.
I'd. That it is dangerous and i,n,olitic and
ulrectiy at variance with the genius aud spirit
| OF republican form of government
" III be asked, IN what WAY il is dangerous
ahd impolitic? answer; LIST. In raisiu. IN in
| the bosom OF our country, such All enormous
| false capiial--asd placing that capital subject
10 The direction and disposal OF fweRtyf fire ndi-
vidna's. 2d. u is impoiHic. inssmnch as it is a
| precedent for future lnroads upon the consti-
| tuition
| Every man in the community. has felt. more
| or less. the influence of wouey in the control
| on nis aciiOns. It's advances arc so gradual as
| AT hrst Ia escape the eve. nv degrees hove
yer. m grows nnen us, from iitte to Hftle. until
! nj length. we become intoxicated by lis iunr-
7 ence, and indulge in all it, vices imsensibIe 10
| our rial situation
| Such will be the ultimate destiny of this
| gisan''cins'iiu'iop. Like the candle in dark
| summers night. II viii draw ahOnt its blaze All
| those insects Of svaricp and beetles of a.nbj
| ton, that are pternallyon the hue for some new
| ahveDtnre-some change of fortune or situa.
| non. Many will lie the wings that will be
sinaed; aud fortunate NAV he account himself
who escapes with his liberty and his reputa.
| ton.
The magnitude aud sp.endor of the insti,n
! tIon' ans the immediate advantages which
we're anticipated from its establishments have
| 10 ttau. yaI
| Golden Calf AN idOl-bctnre whom they
| must continue TO GOr and wOrShip, so lonr as il
| remains among them.
am not one OF those that delight in comm
| ring up Imaginary evils; such calculated
| TO frIgh,en " old women and children" and
| deserve only 10 he laughed at blythe res, of
mankind. But should he wanting in candor.
| were not TO declare, that took upon this
| institution with feelings of the deepest alarm
| What, though our government be Jo1c the most
| yiifnous /" tie world-and surely no man can
confide IN il more implicitly Than do-does n
| follow ol cOnr'e that il will prove equally vir.
| tnonS an hundred years to come ?-Is there q
| probability HAT America cherisles within her
| bosom no ungrdtFfui son-ro corrupt politciau
no Burr--no man Whose, disappointed views
OF dist'nctiou. may gOad him to raise his
sacTneg'ous arm against bis own. his native
| iand suppose Tor moment. such an one
| elevated to the chief masistracy-w what would
I've the prospect;
The United States Bank is furnished Tor
supposed 10 he tnrnishetD with q soiM capital
OF thirty fire millions. Upon the faith ofihat
capital, they are privileged TO Issue notes 10
tie amount of one bHnGrpd aud fire millions -
What will be The amount in snbscrrieneg. which
suclI distribution of farers as will flow from
it's calculated to scatter among the people ,
How many frCuHen will il onervate and en-.
slave How many pLoughs will it threaten to
stOps How maRy bdrkrHpfs will il threaten 10
produce People oHVrgiuia. (for il is to YOU.
more particularly, that would address m y.
self they will be comparatively as numerous
as the locusts Of Egypt. Like Naples, al the
moment write, they will swarm your cities.
the "beggdrly evidences of nations shame >"
They will he ready and ripe for any thing
Changs c.snot icord iheHI-Hy it, they have