Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-05-18
POHITY9AMs
BAN X

Mr.. EDITOR I'm Mr.. McDufIic's very able Report
TIE Bank OF the United States, he has endeavoured
to shew.
LIT. That it is constitutional. Inasmuch az i, re.
ceived the sanction of General Washington of the Po
hucisns near to the time when our Constitution was
framed OF all succeeding Legislatures: anil in repeat
ell co lateral instances Of the Supreme Court
Dad That such Bank is highly expedent if ro' alb.
soutsiy necessary "a an instrument to carry the -
cal business OF tie General Government.
3rd. That such Bank is engine too vast and pow
erfil TO he committed TO the con.roul Of the General
Government.
Indeed it is manifest that the GenerI Gov,rnmcn.
ought TO have to do with such bank than is
absolutely necessary to give authority examine in
to its eding. and to enable Congress check i'm
proper abuses Of the powers given under the charter
1t must be conceded, that Banking Establishment
on large scale which the Government can apply to
for The purpose OF Transferring in the best and cheapest
manner it, ordinary business AMI for all il any ezra
ordinary rgency, il expedent that il may well
he sad 10 he necessary. Mr.. Maiison FUND so and
hence he was reluctantly compelled to abandon his
objections 10 the Cons'itulionality of such Bank
The Constiuonality of any Ought he sup
ported grounds very different from mere authority
The necessities iore'een by Col. Hamilton, or expert.
enced by Mr.. Madison rea'ons for applying the
People for specific authority this point, but
reasons for assuming and usurping IT, in utter d:re
of the constitutional provi,ijns where there il Con.
stiintional doubt and dific ulty.
AZ to Gen. Washington, those who know the histo.
ry Of the TIM, know that he signed the act esablh
ing the Bank; after keeping it by him for several days
reluctantly, and against his convictions OF its
u
net and his friends
Mr.. Mad, on and Mr.. Dallas, went in part upon the
ground, that after so long acquescence by the Ie-
esatureafter repeated decision. in the Supreme Court
implying the Coastitu;ionay Of this measure un e.
sisted and acqniesced n-no property would be safe
if the great mass Of property held under the Bunk Law
could at that time BE- eopardzed by doubts OF its Con-
sttutionaly But the real, the efficient, the moving
in which Madison, Dallas and their friends were
forced 10 acquiesce The financial difficulties of the
country at That particular period.
My opinion is, that law Of incorpo-a ion Ell
Their by Congress by Safe Legislature can be con
st;uionil which coners exclusive rights and desira
bile privileges set and class OF Citizens 81 which
the rest OF the community cannot partake Every such
Law, is Law made for the few and for the many
The first Bank Of the United States was scheme ia
enrich the spectators in continental money, and SOL
dier's certificates II fraud the People, and
ought never TO be considered as a prece lent.
The decisions of the Supreme Court, amount 10 no
authority at all. At ih. day, know that holy too
well, not 10 know that Government has more hold up
the opinions and the actions of the Judges than is
consistent with the safety Of the People.
AZ to the authority Of the Legislature we know Too
first incorporated that Bank, and so continued till the
people turned that party out Of power.
To these who the Constitution, the clear
and plin would be, IN submit to The people the
reasons why Congress ought {, have the power Of this
Incorporation, and ask that power OF them Ii Is no
right and just to il usurp il, while such
doubts about its COnstuiionality exist
But The fashion adays il, to regard the people
nothing and to take the shortest way 10 work. and
| it was in the beginning so il will he. c.
TCo'u,nbi a Telesc0pe