Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-03-26

may add my belief for Ihsvs the consolation 10 believe
that the event viii not deceive my hopes.
am willing the charter expire, wi bout pro-
vidng any substitute for tho present Bsak am wi
ing to see the currency ofhe Federal Governsn lett
TO the hard money mentioned aud intended in the Con-
stitutiop: am willing 10 have a bard money govern
men, as tina, OF France has been since tn. ms Of the
dssgndts and manddts Every species Of paper nigh,
be lett to the Sale hori,ies, nrecognzed by the
Federal Government. and oily touNhed by IL for its
own convenience when equivaiento gold aud silver
Such currency filled F,auce with the precious me-
tails when En-, lind, with her ov.rgrown bank, was
prey TO all the evils OF unconveriole paper Ii fur
nished money enough for the Imperial Government
when thu population Of the Empire was three times
more numerous, md the expenses oil government
twelve times greater than the population and expense
Of the United S,aie.; and when France possessed 10
mines Of gold silver, AMI deti,ute Of the OK.
ports which command the specie Of other countries.
N. United Saes possess gold mines, now yielding
half million per spnum, wi II prospect Of equal
ling those OF Peru But his is the best Dependence
We have what IL superior to nnes;, the exports
which command the money Of the world; that Is to
say the food which 'ustains lite, aud the materials
which sustain manufactures God and silver 10 the
b"st currency for a Republic lit suits the n Of mid
lie property and the working people best; and il
going TO essbli-h working mans party, IL shouli
no on the ba'is Ct hard money; hard moa-y party
gsDst paper parry.
would prefer to see the charter expire without any
substitutes but am willing to vote for the subsli,ute
recommended by the President, stripped il 10 OF all
power I, make loans and discounts. Dvesed Of tina,
power IL loses the essential fea ure, aud had we'll
SO the name, OF a Bank. 1t becomes an office in the
Treasury. limited to tho issue CT a species If Exche-
qier B IL, differing from the English bills of III
IN u vital particular OF prompt and univer al con-
vertibi,y into COIN Such bills would be in FACT as
well as in name, the promissory noes Of the United
States OF America. They would be payable at every
land office, custom house. and post oice and by every
collector OF public moneys. in the Union. Pay able
very where, they would be at par every where
Equal 10 gold aud silver ,ho spot they would be gu
perior to il for travelling and This is not
opinion. but history. Our country, this Federal
Government, has proved il; and that a s,ae sui-
ciea,y large to test its operation, aud recent enough
to be remembered by every citizen. I aude to the
Mississippi scrip, issued from the Treasury some fifteen
years ago. This scrip was way equal to the propos
ed Exchequer bile; Tor ts reception was limited 10
single branch Of the revenue, namely, lands and to
small part OF them; and the quantity OF scrip, Ave mil
lions OF dollars, was excessive compared the fund for
its redemption yet as tho land offices of Alaba
ma and Mississippi opened, the scrip was at pa; and
currently exchanged for gold aud silver dollar for dol
lar Such, and better would be the proposed Bills
10 the amount OF the revenues, they would be fould
ed on silver. This amount, after the payment of the
public debt (post office iacuded may be about fifteen
millions OF dollars. They would supply the place OF
the United States notes as they retired and, issuing
from the Treasury only in payments, exchange for
hard money all room for favori.,ism, undue 10
would be completely cut off. II the Federal Govern
ment Is TO recognize any paper, let it be this Let be
its own.
he Il A.