Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-03-24

ought 10 be- approached with more than or
binary circuinSpeCuOn. In states the best
qualified To attempt the change, II is ENVIRON
ed with doubts which eau only lac dispelled
by the light vi experiment. In the United
States these doubts are greatly increased by
the complex form OF the government. In the
division of ROVER, between the federal and
state governments. the line of separation is
not sufficiently distinct TO prevent collisions,
which may distuI the harmony of the sy stem.
Collisions have already arisen, aud. in the
course of human events, may be reasonably
expected to arise, until the linc Oi separation
by which taeIr relative powers ahd duties are
determined, shall be distiactly defined by
practice, or by explanatory amendments Of
the CONSTITUTIONS, effected according, TO the
forms pres, iibru in tadt IHStrument. Upon
no question w,il collision mole likely arise
than That cSnte inpiatcd by the resolution un.
dey which this report is submitted. No at
tempt To make ihe change has succeeded.
The measure, when stripped OF eAsaUeOuS
difficulties, nusi be Admitted To be Oi doubt
'ut tendency. Under the most auSpIcions
circumstances il may prove abortive. Under
circumstances IN duN degree adverse, i must
inevitably fail. Any obstacle opposed 10 It's
execution, by one Or more OF THE state go
veInIIcnts. would be aeCi-i OF its iate
Their simple aciluieScence IA The measure
woa'd ROT he Sufficient TO secure 10 IL that
issue, 10 Whlch the principles upon which Il
might lac established, would necessarily cad.
Their active co-Operauon would bt tndiSpen-
" from the state governments ale generally
sounG 10y their charters To discharge thtir
nStes ia speCIe on demand from thus Ublisa.
non II would BIZ necessary To tie system TO
iehe'e them. HE oDiIr alton 10 dsch2Ige
their uoteS upon demand, ia the national
currency, should lie substituted lur HAT OF
paying them Ia specie.
Ii these Obstacles should be removed, that
connected with the pubic debt which has
been suggested IN apre,iOu> part of tile rport,
would still remain. After the ub>tilu,iJn of
Tue national CGrIeHcS. gold and silver wond
bG imported vDly In the quantity required Tor
manufactures ana TOR the prosecution of those
b'ahCntS Ui trade Ia WATCH they are primary
Articles OF commerce. FOR these. purpuSe>,
ihe lmportal;onS w0nid be Sufficient aud al Il
reasonable price, tor the payment ot the aiiuu-
al interest vi tner public debt. Bnt, alter the
near lS2i, when the -unl OF $40 U1D. 900 would
Annually BE- expended by the commissioners
~ The Sinking Fund. II is prObabe that the
premium which would be paId upon Il would
ot considerable, untilthe de bt was eN;insuiSh-
ed y compromise, as la, aiready been SUE
geStCd, with the public creditors, would seem
10 be a measure preliminary to any attempt To
establish paper cnrrcacy. IL is more ihau
probable that the attempt would not only he
unsuccessful, but that ii would injutiOusly
affect the public credit.
IT may also be proper 10 observe. that those
SECTIONS OF The onioD where ii measure Ut this
k'na would b. most likely TO he acceptable,
would probably derive iIom il the least beue-
IL
plants OF a deficient currency have been
most distinctly heard. In The latter these
complaints are OF a'Tecent date, La both they
proceed III greater degree from the dis-
Dnisehent or the public revenue than from
any other cause. The great mass OF public
expenditure rs made to the east of this city
ihe revenue accruing from imports though
principally collected in the middle and cas-
teihSiates,i Is PAID by the great mass OF con-
| SINNERS throughout the Uuited States. That
which is paid Tor The public lands, although
III some deStee drawn from every part of the
Ohlon. is principally paid by The citizens of
ile west and Ut the south The greatest part
oil the revenue accruing from the public Land,
as well as that collected in Tie southern
states, upon imports. has been transferred To
the middle and eastern states to be- expended
ihe necessity oil making this transfer, aiises
from Tie circumstance that the .r,.,it mass
OF the public debt is held IN those states nr
by foreigners, whose agents reside iu them
aud from the establishment OF dock ward, and
naval stations IN their psiDcIaal parts. Ihis
| transfer Will continue TO I've necessarv mill
Ihe phOIlc deDt siiAii be eNiinpuShed aud uil.
! III ths Other expenditures OF ihe goverumeE n
cdh, consistently win the public Interest be
more equally distributed.
IL national currency should be esta blishrd
lHe uelildhu Tor III IN lie sOUtilSIu and Weattril
st@iGs, iOT tht purpose OF ttdnSIniss.ou would.
De incesSdDt whilst IT'S IetaIu by tue ordinary
coarse oi trade, especially III The latIer Nould
De 80" and Ia @one degree uncertain. The
> ~
The government, would, tor the uuI,use al
itmiIiance I've IHOre frequently demanded in
'hat stctiOn tIIdb Spt Gle, Tor the S,nt reason
ihat the notes Ui the baL oftle United stat s
ana a. OHctS command there, IL tliIs time d
premium IN specie. As tile Transfer, nf tue
FuDhc money are mod, 10y Tie. bank OF The
UDited states. the excitement produced Inv
thS demand tOT specie, funds that can be r..
Ihitt6d consequent upon such transfers has
0ttd dIfected against thht Institution An the
eiIIS " htCu The community go,
OF the country, has suffered from tie sutdeu
decrease OF the cu1frDCY, as well as tom il,
appreciation. have baen asCrlbed 10 the Bank
OF HE United states. which III Transferring
the pnbhc innds, mas been passive agent
10 the baud, OF the government
ii Is then believed that tue evils which are
teli ~ those sections OF the Union where the
distress Is most general, will moi he eXtei,>
SI'eiy relieved by the establishment Of "A ma.
tioHai currency. The sutferingS which have
bteu produced by tie Efforts that have beP
made 10 resume aud 10 continue tie specie
payments, have been -Tsdt they are moi
le'Dl 'ated, dnd must continue until the vaiut,
OF property and the pIice OF labor Shall az
sumo 'hat TtIaiI0h 10 tue precious metal,
which our wealth aud udEStrN cOmp.red ,rlth
those OF other states shall enable US 10 retain.
Uniil thus shall lie effected, an d bOrtNe attempt
oythe Substitution of paper currency to arrest
ihGeHIis We are suffering, wall produce the
most dIStTe Ssi,ig coHss queHCes. The sutirTinrs
That are past, will ia such AN event recur
with additional violence, aUd the nation " i'll
again fad itself ~ the situation when il held
al tie inomeEt wheH specie payments we've
resumed.
bave the honor to be your most obedieu,
servant, WIN r. CRAMFD3D
The Honorable the Sycokrr
oi Tie House " Representatives.
BURNING MOUNTAIN.
PifrsgUEoH, (penn March IA brilliant spceia
igT ma