Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1823-05-23

ne Is no longer canuluate iDr tne Cnair-
and the suiTrages of this most patriotic
state" are unequivocally for w. III. G.
To the Editors Of The Enquirer.
Since my last communication, ! have ac-
cidentally met with an extract from ii speech
delivered by w. II. Crawford in the United
States Senate in relation TO the proposed re-
newal Of the charter of the old national bank !;
| il is as follows.
" 1t is SAID that the states have reserved To
. themselves the exclusive right of erecting
g banks. That the states have exercised the
right of establishing banks, is fact not tn
he denied but that they have this right uu-
der the constitution is extremely question:
bic. Had these great states VINO have I'M
derlaken by their Instructions to influence
Sc the decision of this question by Congress,
contencd themselves with the exercise of
this right to establish banks, ] should not up
ON this occasion enter into an Investigation of
. that right. But these great states not con-
tent with the exercise ofan usurped autho-
rlty, are by usurpatiOn attempting 10 legis-
late for congress.
Aud sir, what is the inducement with
these great states TO put down the bank of
the United States Their avarice COM
bined with the love of domination. They
have erected banks in many of which they
hold stock to a considerable amount, and
they wish to compel the United States To-
50 us their banks as PLACES of deposit for their
" public monies, b. which they expect 10 in
crease their dividends. And in the banks
10 which they hold no stock, many fthe in
" divldnal members of their legislatures are
" Stockholders, and doubt were InAuenc
" ed To give Instructions by motives of sheer
aVarIce. The love of power no doubt has
: had some influence in producing these in
: s'rnctIons. Every person who is not Who'll
~ ignorant of the history Of this govern
ment knows something of the influence of
these great states upon the councils of the
nation. Have we not heard il said that af.
g ter three of the great states had instructed
Their members TO vote against the bank, ii
was a matter of too great delicacy for Con
gress to think of acting upon the subject /?
had thought that the right of the states
We're equal that fthe rights ofthree ofthe
" little states were violated or affected in any
manner, that it was subject of AS much de-
llcacy as if the rights of three great states
had been affected. Sir, if this doctrine be
comes fashionable 1.-two or three great states
can nPon all occasions, through the agency
OF their legislatures, control the deliberations
ot Congress, you will compel the smaller
" states by the most direful Necessity TO a
dopt the principle of one consolidated go
vernment. Which of the states are to be
principally benefited by the dissolution of
| inc oank 1hose states IN which the prin-
"clpal part of your revenue is To he collected
The great commercial states are To mono
police the benefits which are 10 arise from
the deposits ofyour public money The
suppression ofthis hank will benefit none of
the interior or smaller states, in which there
is little or no revenue collected. AS the
wnole benefit IS 10 be cngrnssed by three or
" four of the great Atlantic states, so the
whole of the power which the dissolution of
- TINS bank viii take from the national govern.
ment VIII he exclusively monopolizpd by
The same states. Is it desirable to increas..
the influence of these great states, which is
already too great, at the expense of The u
=" nited States Does not the history of these
great states admonish us in the most impress.
sNe terms, 10 beware of placing this go
Ftrnment IN state Of dependence upon
: them Sir, the time has been and it will
" certainly arrive again, when some one or
p" more ut these great states will be- found i'm
state oil hostility to the national government {;
ana with this knowledge you are about to
place the management nf ynur public mo-
Z" ney in The bands of the state banks who are
: dependent, for their legal existence, upon the
state governments"
This speech was delivered in the wear 1911,
! at which time expect Mr.. era ford had not
his eyes So steadily fixed on the presidential
CHAR, as they appear tn have been since that
tIme tie appears to have been Off his guard !;
| ana 1t IS IN such situation that mans real
/ character is developed. Mr. C.. reminds me
oi Lazy labOtEer, who, when his master has
gone from home, will stroll about and frolick
as he pleases, but when he thinks it time for
MN To be returning, sets about his work and
becomes very busy. But let US examine his
| speech little. Ia the first place Mr. Craw-
! Inrd thinks that the federal government have
right and an exclusive right To- erect banks
ana that 1t is usurpation in the state govern
ments to exercise this right.-Iere be and
the people of Virginia differ most widely -
they think That the states alone have a right
To erect banks, and that the federal govern
'nent 10 exercising this right have been guilty
! 't usurpatiOn. But not content with pro-
nouncInS the state governments guilty Of IT,
surpaton, he goes farther and accuses three
OF "nr largest states Virginia among them) Of
being governed by motives of avarice and
| hove Of dOninaton THIS declaration vac
/ bOih unnecessary and ifnproJer il cot,ld