Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-04-20

saved from distress aud poverty cirea, mischic(s 10
society, always rssul from sudden aud great fuc,ua-
ons an tue caiive v1lun az the currency, to other
ibngs, Int the su,al,n and cxcessive uciuation
produced Ivy the establishment OF the -resS.ot Bank
o the 3. and the resumption Of syeco pay
mens by the state banks certainly caused more pc.
neral msciefs thaa 'exierienL rd IN this
country on any other occasion. These ,mpO, crshcd
and comnseraud sufferers, ran unrrringly, and
eel"gly point then Gngers 10 these des'ruttve ef.
ecis OF the bnuking schemes, the prolific sour
ces OF " hard times" The Bank uf the U. 5. itself
would have derived considerable advantage from this
operation. The gold aud silver all the solvent
state banks, although little enough, woud probably
nave been sufficient 10 have enabled the y. S Bank
~ nave commenced its operations, without tesoiing
10 rninous loans IN London Tor har purpose Prov,
ueu Tie gold and silver had bren placed under the
direction Of one head have hastily sketrhcd this
outline view Of The e,anged currency Of the com
ny, arising from the distracted schenrs of banking
!" tie hope oi drawing the attention of the rrrctins
men OF all parties to this deeply interesting subject
aud TO show to the people of the u. S. tie heavy
'ien's which must be carried the credit OF " hard
times under the rnimous system of banking -
bni heiore designate Tie heavy the score
OF money, let short sketch be made Of its heavy in
huence on moas. IL disrespecs Labor and thus les
temptations 10 ALL 10 get money by their wits, instead
oi getting money by their Labor. Il holds OUT rmpa-
i,ons TO coune, letting. 10 bank and mail robberies
10 breaches Of trust innun,erabe. In shot, to the
| commission oil almost all soris OF crimes. II thus
greatly tends TO demoralize sorieiy. Its demands
upon The pecuniary OF society for its own
emolumen's are I,uy heavy aud es.en,ially conrr,-
butte TO the " hard tunes" They may be generals
ed under the following items.
Amour, Of dividends, paid 10y the contributors to
the stockholders Costs of banking hosses and Other
banking machinery. Wages of officers. Estimating
these at ten to each bark, they would amount 10
about four thousand. believe nearly equal 10 two
\ ihnds OF The military establishment. These hands
are Ken too from productive aud put unpi o,uc-
live employment. Can The people OF the u. States
doubt of the of " hard times where they see
these things Ifnoi, then why suffer them The
| . I,.I
IN principle, as much government of the favored
lew, over the oppressed many, as, is any govern
ment in Europe.
The difference consists, not in the principle, hun
in its limited duration, and extent. This hm,,a-
ton, however, as To ts extent relates only To- the
iuntI'ng System. In The banking sy,teni, The u. s
have already oustrppcd in numhcrs, all the govern
mertS OF Europe put tnge thel. Whatever nay Ice
The rms or professions, of government, il IN It's
ra"tca adm instr Il shall aduut 1isrrignsni
system of funding bottomed upon permanent tlro-
ti0n hnd - psIitn1et system OF banking, pronounce
It q" GeSp0iiSrt. II t. these two permanent sNs-
TENS IT shall add permanent system, OF manufs, tur-
ing monopoies, the desputi'm assumes ,t more
aggravated form, aud effect The mere Iurms of
government, can afford no protection against ei
iect. Of its practical administration and II info, tu
n'tely, the present fanatcal Of political sche
mers should continue long, shall all lie convinced
disregard"e FORMS that 1.-THE government that's best
administered is best"
| WIN. B. GILES.
March III, 1924. Wigpam, .3nnetia county, Ia.
Previous to the adjournment of the n. Y.
Legislature, the minority Of the Republican
members Opposed TO the nomination of
Messrs. Crawford and Young, held meeting
on the 9TH inst.-and agreed TO an address re-
commencing to the Republican citizens of this
state, friendly To the passage of the electoral
law, 10 meet by their delegates al Utica on
the 2lst day of September next Whcre the
meeting was held and hy whom it Was com
posed, does not appear from their Proceed
ings
An adjourned meeting Of The republican
members of the Legislature" who nominated
Nessrs. Young and Root) convened at i,e as
sembly chamber on the 9Th; they unanimous
ly adopted an address, which was signed by
LOG members-ta decided majority Of all the
members Of the Lrgisaiurr.) They say, &" we
do not intend to express an opinion for or
against either ofthe distinguished individuals
now before the public candidates for the
presidential chair but when it shall BECOME
our duty To act on that subject, we will use
our best eKertiuns To give such direction 10
the electoral votes, as shall accord with the
views and unite and sustain the great rrpuh-
llcan family, OF the state and of the union"
But they do not expressly name the candi-
date whom they prefer, yet II is impossible TO
mistake him. They say with these views,
permit us Ia cXhOrt you 10 exercise the ut
most watchfuncss and circumspeclien-to di-
rect your attention 10 principles rather than
| To men-to cultivate spnit of harmony and
mutual iorbearancp-top preserve, unbrukrn, the
system Of regular nominations, rs the ONLY
meaas demonstrating public opinion.''
A report had circulated in Cincinnati Z" that
Mr.. Clay will decline the Presidential con
test" This was founded on letter from
Washington az late rs tie 9Th March. The
Editor Ofthe Cincinnati a Advertiser prOnounces
u TO be "a gross misrepresentation" and asserts
That he has the authority of Gen. Harrison
for stating his receipt Of letter from Mr..
Clay dated two days later, oppressive of .ifr.
Cfay's cOnuictiOn Of his prospects bighitning
erery day"
The citizens of Wayne and Adams cniIn-
ties, IN the state of Ohio, have held meetings.
which adopted resolutions recommending Gen.
jackson as President of the u. S. The Adams
county meeting carried its resolutions by 1885,
to abour 80 or 10.
The Lexington Gazette (Rockfidge coun-
ty. IN this state,) expresses its opinion thai
West OF the Ridge the Crawford ticket viii
be voted almost unanimously"
OHIO ELECTORS.
The Columbus Gazette Of tile %. II uli publishes
list Of Electors formed " on due detberation' Of
republican cifizens :" from diffcicn parts ri the
STATE Ten. Harrison beads The list lis sad tia,
they are the friends Of Mr.. CIdy hut (savs the Gin
cnnAIi Nat Rcpuhlican)'' loo mary nf trsc rlecio.
raj Candidates are dres in the lvefy of tho Cnueus
Junto, &c.--and besides, with Dir Clay Withdrawn
irons the conrst, u is possible he may he this 10
J",t6Io'ded uiorongh going Crowfoyd ticket. In
Subsequent No. OF tie same papct TIC Etti.or tr,s
explains himself " The idea intended IN he con