Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-10-21

vau''s ton o. twelve millions Of specsc which must be
least moiey OF the (speeie) circulating medium OF
'he Union. 'WedHh ~ Po,cer. and. under whatso.
ever FORM " exists, its proprietor WILL HAVE A
rRoPoRrioNArE INrLyxNcE.' Arc we, then will.
ing 10 see 'ths immense power only concentrated
10 Je,o soekhotders-but those stockholders left free
70 exert u as their avarice ambition may dictate,
Can We consent that sorp,rs iou-a ed "a,
Of men and half Of them for sue,ha
90 Ieu a. liberty to e''sblish Branch Bank 10 every
vege In ens sonfederssy that will support s-,hus
20 monophse the banking business, control our eee.
lions, add toieid our national dssuies. Shall cor
sPeodid association OF favored individuals,
Aksn nom the mace Of society. and invested with ex-
smpueps snd surrounded by ties and prvileges
De perm'ea to duss itself hrous bout sosiety aud
% az the great operations OF credit, eireula
uoo. sommerse,' and poliiissl The Bank 10 he off,
sPfng Of sonsl rusve power. Shall Il continue 10 he
e'ohed, 10 effect, with legislative power-ws me su
os power 10 ssao'h Baok, in the shape Of branshss
wnenever snd wherever Il may caoose! While amos
na 'ne patton eonests tho right OF Con gree 10 essb
nn oAnkoK company, 10 u expected that the present
:ns. n. sS psrp.'Iasd; IN IL; exciting pos:
oues Of Prosres,on-ths power to create subordinate
banks without Limitation.
That feature Of the charter OF the Bank of the United
S"es whish confsrs on the orpora,on tho power 10
estatii'h subordinate Institutions or b. nj p,es.
sure sanno fail TO strike the American peope a. odom
spo h'ghfy dangerous. 10 effect, il places thu power
81 ihs purse OF the nation 10 The hands Of fe sosi.
ousr'-a splendid assosia,on Of tcih
.ne purse. MIR; Clay srsr', you may command smos,
sp'eudd central government, and wi ldps III. now.r
OF the purse Il the us,n, may they moi, by the e..
aoishmeni OF branch Banks, with a view 10 cor, rol
,ne C'ng.e'.on"l eleeon', command devotion to their
views and obediepee to their uandates! "IVedlth is
rowER." This emphaIis declaration should never be
forgotten willie we arc engaged in discussing the
ore. the privileges end immuuities OF a monisd sorpo
ration. r~
All bank charters are mora and li,iesl evils They
arc TOO oIPrinS Of partial aud fraudulent lesislaon-
ana are therefore only tolerated by intelligent men, ss
nsce'ary evils. Education and habi, have rendered
oanks nsce.'ary 10 the commercial operations Of The
country For this rea'on must have banks-but Il
doss not follow, that we must establish or perp.uate
'ucn Institutions, principles that will place our bsr
10 their keeping. AecovdDg TO the decisions Of IN.
euerai judiciary, ebarer, granted or renewed, be.
comes vested right. Will il not, then, be solemn
iuy, on tho part OF Congress, when The Bank shall an.
ply Tor renewal Of its charter, to deprive IL Of every
privilege that may 1ot be essential ts cafe aud he
iui oPeraon-io dves il Of every power save tho..
whish may DO indispensable TO enable /, L.
shange, and participate TO limited extent In The bank.
ing business Of Tho counTyi
Othsr ohesions TO the eharier 'n ito existing form
viii hereafter be noticed. The discussion has been
oreed on Us, and We must necessarily proceed with H.
10 m Progres however, shall urge no irv oous OBJ
eehons 70 The institution, nor shall we advocate any
principle 81 war with cial interests or e.
pouso any project calculated, L. carried into effect 10
lorotuee an nn,onnd surrepey. TLouispiIie .adp