Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-01-12
TO THE EDITORS OF THE ENQUIRER.
Mr.. RIISl,S REPORI- M

l..
Gentlemen variety oil engagements have hi
therto prevented me from giving 10 the Report of
the Secretary OF the Treasury, that attention which
rs due to an important Official document COMING,
from an un,ried functionary OF high character
The rircums aDces under which MIR. Rush comes
before The public as member OF new admins
traiion possessing 10 very limited extent the con-
hdence OF the people, and far as it has already
proceeded, establishing no claims to that con-
idsnce, make proper that his conduct be observ-
ed with attention, and that his views and doctrines
be brought 10 the test OF ieason and of sound con-
siliuiional principles. Utterly devoid OF any pre-
Jndices against MIR. Rush ndividually, and even
disposed to give to every act of the administration
oil which he IS member, the iairest colouring that
on an impartial review, IL may to admit, am
yet unable 20 refrain from the expression of my re-
gret that he should have far fors often the pecu
liar principles by which our institutions are distin-
gulshcd, from any that have ever existed, as TO
claim for the general government, lowers which
unlimited despotisms alone have assumed, and which
even they have never been able fully to exercise
FIT Husii had long been resident near ST. James's
cd participated IN the splcndours OF the Palace.
ana was per APPS no undstinguisned favorite from
'he iioeray OF his sentiments IN relation 10 British
poiicy.-Whe lie no doub; exerted his best iudg-
ment In securing the interests OF his own country
as lar as theJc3niy have become subjects of diploma
cy, yetreceivpns his instructions from Mr.. Adams.
"a gentleman nurtured in the lap of British prepos-
sessions) and loaded with the civiiiies of a court
liaI knew well where to beslow them, it is not i'm
probable that Mr. Rush. less frequently considered
the Anuted character of our GOV eminent and the
division OF power incident TO the OF our fede-
Taftre system, and insensiby led 10 view every
question OF governmental policy, through the medi-
um oil the British Constitution. Il pretend not 10
ascribe 10 Mr.. Rush any peculiar duclIty / be-
lieve the circumstances In which lie was placed,
PerHous 10 Ills republican principles, and regret
HIg has tat..
ne was not proof against the danger II is lamen-
table to perceive, that while the nations of Europe
are looking TO US Tor lessons OF wisdom on political
ECONOMY; that while the friends oil well regulated
freedom throughout the world are pouring out their
admiration OF the simplicity and moral beauty of
our system, there should be found among u.s. men
nigh IN authority, who still so en.aptuTed with
the pomp and pageantry of unlimited pow err as to
Wish TO throw US back upon tie splendid ollies of
less enlightened Tunes, foIes too, which the intel
IlSence and wisdom OF every liberal political oeeo
noniist OF Europe, has long since shone upon. aud
wihefed propose TO give short review of some
OF the prominent principles contained in Mr. Rusl's
Report, from which, think it will appear that he
yields not 10 MIR. Adams himself, in his exalted
notions oil the omnipotence Of the general govern
ment
The first Objectionable feature of this Report is
1ne "ecreta,J suggestion TO Congress TO place the
Tour anu half per stock ollers under the act
VI '"e 0u HdTch last, on The same footing with those
VINO may become holders of five per cent stock
under an act which Mr.. Rush now recommends TO
he passed The circumstances on which this sus-
gestion Is founded, are these--An act was pss.ed
on the ID March 1926, auiborising an exchange
OF stock TO the amount OF twelve millions of dol
lars, at four anda half per cent redeemable in equal
parts III 1871 and 1880, for stock Of like amount,
a. SIX per cent. The operation OF exchange took
ehect only TO the amount of 8 1856, IsS So. The
loan authorized under tire law failed altogether
wal not go with the honorable Secretary into an ex
animation OF the Causes Of this failure though am
inclined 70 believe, should find the causes where
me honorable Secretary does not seem willing to
search Tor them. The Tsriffby a forced and u1na-
turai excitement, diverted at once the whole capi
tai OF the country, into the channel of manufse-
lures and with the means thus fortunately provided
Of realizing from % TO 90 per CENT il was NOT lie,
~ that the gentlemen of the north should be 40
anund'n'y patriotic, ss 10 vest pro publice bono,