Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1821-01-04

| District With respcc, 20 lie Bsnk Of
The Uniied States. NJ. NJ said il had no.
Thing tn Ito with III : question. Whence
ver that sulij"c, shout properly present
Itself 10 The house, ht should take the OPP
pnriunty 10 oi!er somc lew remarks OH
The impolicy ~, atiofding further ad,an-
'ages Ia tho airrad, powerful institution.
Mr.. Botdcin said he Was uuai llirg &c
any 'ime 1" oppose Il proposition having
lar l'srbl.ct AN enqony INTO The eSpedi-
rhcy III any measure. Bnt thi. MAS ara
exception. 1t was III beginning 81 4
system of lcgisld,iou Which locke tn.
wards an interference with The Stat Banks.
The nest step migli be, 10 propose that
no notes at State banks .' nld be rccriv-
cd IN payments to the United States
ihc same principle as Is found in The
proposition suggested IN this resolution.
would equally justify that l,glsiaiiom
winch lie had Just mentioned. Ii Ia best
To stop, said Mr.. b. before we begin this
course. What we have already doue has
led To- a question Of the rights of sisies
To lay taxes IN regard TO Which some
think the Judicial decision has been too
much agaius; the states. The Secretary
Of HE Treasury, Mr.. 4. said, had a.rea-
uy discretionary poser OH tins subject.
WHY then should his house take the
matter up, when the propositions suhniie.
ted was Al least of questionable .Iarac-
ter! de knew oi no motive which could
induce HIM u!Iima' ~ la sanction The
proposition nj before he would even
rnic Tor an enquiry into II, he mus, have
much stronger reasons IN lis favor than
had set hceu assigned.
Mr. IrimJie sad !e well recolleciea
The pro, 'b which the gentleman lad
quoted "a linn. TIE example OF multi
p'Sirg bat.~, h@UCvcr. " a-S set by the
Cungtrs>, aud ii'r people OF krhiut Ky
hui owc'! II r.: and that example hat d
powerful effect. Whatever nigh, he
Thought OF Congress immediately around
the seal 81 Government, al Il greater DIS
ia"rc very high opiui, n Was cntcliain-
ed OF them; and Wien they established
the twrlitii bank within this District, The
people al d distance ihomghi II :. wonder
tuliy wise mea>Ure-and the good peo-
pie 81 Kentucky tullonrd the example
which Cougre>> lad sci them. Congress,
Mr.. !. sari, llad sci a ptrIIirious exams
PIE Ia this respect, and ought ~ he prompt
IN acknowledges < their trro, aud tracts
Ing II - lar a. prarIicnil-. Tbc adop-
ll"p ot tbis resolution " uhld bc one step
onarIis doing so.
Mr.. Mercer sad, il The snhipct had
been The policy ~ multiplying banks, Le
the 'rovr,b hc Had brought 10 lis aid.
Eni iIir question was of the absence at
~prclc, "ccasioHe, ny The clrcuidiion Of
small notos; and Mr.. N. SAID, th al he
believed IN ihr state IN whicH The gentle
man from X niuchy resided, there is not
specie pd!rg bain, Wrist there is not
one IN operation IN tsis D.st ict which
does not pay SPECIE. Mr. NJ. made some
turi!'er remarks, In defence ahd support
ni state banks, against he Bank oi the
Y. States. lie VAS opposed Ia one hank
III country, rs ic was to one head in II
monarchy, dc. and MAS a. much oppus-
ell rs any one 10 suitjec;iue the State
Banks To the sway OF the great Banking
instItu ION of The country.
Mr.. Dmrfon said il appeared 10 him
that lhr gentleman trnm Pennsy lvania
(Nr. BALDWIN, hal Ilaccd this subject on
power 10 interfere with The Giro ulaiion Of
Onc DoVar Notes Of The State Banks, ii
et'iainiy had ne same power in regard
I" III ihc Notes ~ STATE Banks. MIR. Is.
was cpposrti 30 the r.s.iuilOn. The sub.
siliulion OF specie Tor small noirs was
matter 10 be regUlIiPa by public opinion.
when spccir vanished, some wears ago.
lie issue OF small Loica Was indisprnsa-
biz: op the o'hrr hand, when SIP, Gle be-
ame Iirn,liul IN The CHI s. public opn.
4 there corrected ihr evil. live adopt
tie resolution, sad MI u. we at once
commence an attack on The state hanks.
and iicr" Is 40 knowing mere il " i'll end
Mr. Liee'mQre said, for his part, AT
he construed II improper 10 attempt in.
directly sIPasnfe which could not be
directly apprracl.>d. Such, he said would
he the 'ficct OF the adoIiiur al Tie re-
solve now proposed. Every state IN the
Unlon had authority 10 do. by direct L..
gIs'aiIop, what !, was HnW proposed 10 do
indirectly ..... MIR. l.. was therefore for
iraviug tins matter wholly Ia lie state
J. gislaiurcS. IN PcnnsS lvauia Law lad
been passed prohibiting Tie circulation cf
notes for less han five dollars. IN other
states tie same had been done. In New
Hampshire, though attempts Had been
made 10 eject tins object, The laws tad
been afterwards repealed. Let zach state,
sad Mr.. l.. regulate this matter iOI tscn
II WAS not pretended, lac SAID, HAT The
proposed ~ assure Was necessary IN AID
~ HE collection OF lie revenue. On the
eihrr baud, II II became necessary to re.
sort 10 internal taxation, i, would be u>
dispcDsabe To have small bills in tjrCnla
| ton, without wlici tie revenue could
not be collected. Silver and .oid. Sir.
J.. said, would forever centre IN TIE ciii
they would not remain ~ the remote
| pats OF tie coHntry, and, IN their alb
! seGce, small b!iIs ~ete iGdspcns
| He hoped, therefore, hal The ronniry
| banks would uOt be prevented from ISSUE
| ing hem.
| MI Gait was surprised a. Tic nature Of
! the objections 10 His resolution, which
proposed TO establish no principle, bat
merely 10 mike All c0Qnity. What Vas