Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-12-21

THE PRESIDENTS MESSAGE.


the u s ates. i, was viewed generally by those
who well wishers to that Institution, 90 an
ofic;ous and unjusiiia5e interference with matters
extraneous to his constitutional Duties His term OF
office expires ie33-the charter of the Bank not
till 1864 period years beyond the date of his
first Message! Was the time selected by him for ex-
pressing his hostility, the proper TIME, Was this
early ntmation of his opinions rendered necessary
by his duty, by the circumstances Of the country or
Of the Bank-by any thing it had done, or not done
by any popular demonstrations financial occurrcu-
ces which made it incumbent upon him. to constitute
the BsnEand its concerns, topic Of the Message.
No man will pretend to say The introduction of
the subject was wholly grauous uncalIcd for by any
public consideration, and foreign from the duties i'm
posed upon the President by law or Constitution.
That part OF the Message however, was treated
with the respect due the Chief Magistrate by both
branches Of Congress. II referred to he appro-
pirate Committees, and drew from their Chairmeu
Messrs Smith of Nd. and McDufic Reports memo
table for their ability and conclusivcness and which
attracted in America and England an almost unpre-
cedentcd degree of attention and commendatiou In
those Reports in answer to the allegation in the Pre-
sdcnts Message. that sit must be admitted by ALL
that the Bank has failed in the great end of esab
fishing uniform md sound currency"-thesc propo-
s'ons arc unanswerably, demonstrated:
BY Mr.. McDuffie 1.-THE Bank has ectualIy fi,rn
lshed circulating medium more uniform than specie.
by Mr. Smth.-"The United States are IN tho
enjoyment of a uniform national CURRENCY not only
sound and uniform in ITSELF and perfectly o, ed to
all the purposes Of Government, and the community
but more sound and uniform than that possessed by
eny other country. IL ia not easy imagine il ia
scarcely necessary to desire, any currency better than
this :"
These propositions as we have said Joining issue
III the fullest and most explicit manner with the Pre-.
s!dents allegation we're not merely sustained, but
demonstrated, in The clearest manner That was
proved. which At 6-~' :Jo atIou, appears par adox-
cal-that the currency furnished by the Bank of the
u States, was actually more uniform than gold and
silver Reconsideration whereas sacrifice of fro per
cent was necessary to transfer gold and silver from
Dew Orleans to Philadelphia, a sacrifice OF but one
per cent was required to transfer SO much money
since the introduction of the currency furnished bv
the Bank. This is degree Of perfection, exceeding
ideal perfection. 1t is the ne plus ultra, which it is
impossible to surpsss
In the face Of these able and unanswerabls Re.
ports of the Committees of the Senate and House of
notwithstanding from Committees, the
majority of whom we're the political friends of the
President-the Chairmen who drafted them. hrs
warm supportersin the face Of the profound conyic-
ton wrought on the public mind, by tho facts and
reasoning which inevitably and Irrcsstiby, led 10 the
conclusion, that the Bank had answered the great
end bits insttuon-the President to the astonish-
meat of all not in the secret. has in bis second mes
sage, reiterated the blow aimed the Bank in his
hrst, and with some notifications, introduced sec
ond time, Mr. Van Bnren's deformed and monstrous
conception OF a Government Bank. Be it remcmbor
Gu, this Message is addressed to the same Congress-
tothe same men, to whom the last was addre ssed-
were It new Congress, come from the body Of the
People, since his first Message. less surprise would
be created by his pertnacity. But it is precisely,
with a few individual exceptions, the same BODY Of
men, who have already ncgatived bis opinions on the
Bank and nailed to The counter. bis prcet of Gov.
crnmen! Bank. We desire the reader to hen, this
in mind as illustrative circumstance, which ,Se
shall presently use in attempt to get at the bottom
Of this matter.
There being no shndow of necessity for the cxpres
sion of the Presidents hostility to the Bank or for
pressing at this tme charter has vet six years
10 run, the consideration Of the quest ion whether
ought to be recharcred, the interests Of individuals
and the Government ITSELF ought to have restrained
him from course INJECTING on those interests the
dependent, on tho rechartoring Of the Bonk-tbou.
sands have their oil vested its stock-and To take
course unnecessarily. grstuitousIy the necessary
tendency Of which is to knock down its value is wan
ton and tyrannca injustice. It Injuries individuals
without any corresponding benefit to tho State
Such, and so remarkable, from the time and tho
circumstances, has been President Jacksorrs course
towards the Bank ofthe U. Sta,cs-Every man mus,
see and feel, that there must be some extraordpa,
and untold motive, for course SO unprecedented, So
oostna ely persisted in. so undemanded by the state
OF pnblic affairs. What are those motives, WIN
did the President attack the Bank in his first
when the question OF extending its charter neither
was nor could be, before hm-and why, under the
transportation Of Congress tho last session. has m
reen ut to renew that attack in his recent messaecs
why has I've done So knotoing that it would inAc,
rorious injury upon individuals and knoiny that Con
mn "A Uiv ,.n.