Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-07-15

Il
should think that not the slightest doubt Of Its
ETY. could be encr aimed. The molnsn mt such m am
nom Institution can lay Its hands upon the Press ior
ne purpose OF affecting public opinion, there is set
ting bounds TO its influence. From Extras, il nigh,
proceed to the establishment new papers or the pur-
chase OF old onesit might interfere in our
suppose the con nuance OF is charter rested upon
single vote In Congress; there no danger that this
zeal in the use OF the Press might proceed to more in
sidious forms oil Intervention" The only way Is to
stop at he ouiset-to keep It from wandering beyond
It's legitimate sphcre-and TO frown down every thing
mat looks like tampering with the Press or controlling
the public sentiment. Do not fear that the Bank will
not have fair chance OF trial before the public tribu
nal-it has friends well as enemies. II has men
Interested in % millions Of its stock other ways
selves or employ others to DO it, Congress too has Civ
en- every opportunity to be heard-IO, 900 copies oil
MGDuuies Report were printed and circulated at tn,
puohe Srpence.-What protest against, however is
the suffering of this large moned institution coming
out in its corporate capacity and EMPLOYING IL. enor.
nous funds In any way it may deem expedient for
% .ne OPP, IONS oil free people II the Insti-
luton Is worthy oil support 1t will sand-Ii it is no., il
| deserves to TALL.
IT is not our intention to 20 present into the merits
oil this lnsutution-Many who oppose tho renewal Of
is charter do so, upon the broad ground that il was
originally contrary to the that no usur-
patton can consecrae ITSELF We are of those who
dept this fah-and when the time comes we shall be
prepared TO make rally in favor Of the Constitution
the States choose 10 amend that instrument and give
the power. why be i, so-If the friends Of the Bank
viii appeal to the amendaory power its
nave no manner OF objecon--and several Of them may
even be converted into friends when the grea, stumbling
block has been removedBut until this is done itiis too
much TO ask OF PERSONS who believe IL be an infrac
non oil the Constitution TO abandon all opposition, and
go against their conscience Eve beg pardon for using
this word after MIR: ClayD-In the time, those who
arc in search Of the constitutional argument will 40
well to read Mr. Madisons celebrated speech against
The first Bank Of the U. States and Mr. Jcersons Ca
6net opinion, published in his Memors and Correspon-
aence; we might appe, also to MIR. Clay's first,
second opinion upon the BaDkfor In the one he oppos
es It upon the ground Of and in the
o'ner' lie vindicates 1t against any such obiectionl
We have been told, indeed that Mr.. Madson's speech
has been nvalidated by hmsef-that he signed the CO.
csnd Bank BILL and abandoned his constitutional scru.
pies ON account oil the precedents which had been es-
Sonshed ana recognized by all the Departments Of the
government But upon the same ground, any abuse OF
the constitution might sanctfy itse--The Sedon Law
itself woul be justified, because had been recognized
by every department at time or another
The opinion Of Mr. JefIerso has also been as,aileJ
and upon the extraordinary ground, that "Mr Jefferson
practical statesman truly great man. signed as Pre-
ana and thus the only of the great en of Vr
gnia, of whom doubt in this respect could be sur.
gested stands recorded with all the res" So saws the
american sentinel-Now what is the facn The &C,
18TH March, lS04-Does this act prove that Mr. had
changed his opinion about the Bank' Far from it-For
dressed the following letter to MIR. Gallatin:
letter Of Thomas Jefferson to Mr. pallafiu,
Tho Atoinsy General having con .idersd aud dcci.
dod ba, the prescription ia The law Tor establishing
count and depoie, rhaii ba appointed on the s,mo
t,rm' and in IN. same msncner pfactissd In tho
principal NIX, does not extend IL 'ham III. priu-
eirie OF rotation, established by tbs Legislature
n The body OF directors in The principal bsnk; II
follows hat the extension OF that principle ba, be-
merely voluntary and prudential act of the prin-
,hnk we ex'ensien was wise and proper he. part
o'caufe the iegtAture having de emed rotation
a ne prnsira' bank constituted by hem, there would
oe me fame reascn for in the bank, 10 be
established hy the principal breaks in upon the rs,
pT't du corps so apt 10 prevail ia boz il
gives chanre for The public eye penetrating In o the
sane uary oil those proce and }ractce which the
ayafee oil the directors introduce for hsr person
al emoumsn', add which the resentenis Of eluded
decor' or the honesty OF those daily ADM tad might
oersy 10 Inc pnbc;-and II eives opportunity Al The
enc OF the ysa., or at other period' Of correcting
choice which, on trial proves TO havs
an evli oil which themselves complain in their distant
INSTITUTIONS whether, however, they have q power
to alter this, OF not tbs executive ha. no right 10 de,
ene' ana he'r consultation with you has been sroiy
an &C, OF compliance, or from desire 10 shield 50
important an innovation under the cover of exc uy.
sanction Bat ought to volunteer cur sanction In
such eass! Ought we TO disarm Ourselves of any lair
right OF amin rsior, whenever that institution
DO legitimate sutset Of consideration? cwn think
the most proper answer would be, that do not think
ourselves authorised TO give opinion on the cues
ton. -
From passage in the letter of the Pre- .idsnt ob
'erve an idea OF eHahl'bng a branch bank of In. Unit
ed States in New O:leans-This institution is one Of
The most deadly hostility existing, sgsinst The prin,
pies and form Of constitution. The nation is a,
f time, so strong and united in its sentiments ba, il
cabno, be shaken at This moment. But suppose a So.
RES q untowaTd events should oscur, sufficient to
bring into coab, the csmPetsncy CT a republican
S0yernmebt 10 meet a crisis Of great danger, or TO
unhinge The e'nhdence of the people In the pub
he iuneionarie.; an institution like ihi', ptne-
irating by it's branches every part of ths Union
acting by command and 10 phalanx, may, in critical
moment unset the government deem no govern.
ment safe which is under the rassaIage of anu self
constituted authority. any other authority than
nat OF the nation or its regular Jtanctionaries
What an obstruction soud not ,h bank OF the United
States, with all Its branch bauks he in time OF war |,
itmgh' dis'a's to us the peace we should accept or
withdraw lis aids.-Orght we then 4. give fnr,her
growth to an institution 50 powerful, 20 hostile J
That II Is 70 hostile know, |. from kn W.
ledge oil 'hs principles OF the persons eomposiDg
the body Of directors in every bank, principal or
branch; and those OF mast ef The Stakeholder, Q
rom their opposition TO The and principles Of
the government, and 10 the election Of those friendly
to them and g. rom Tho sentiments Of the nc
they sunpor'. Now, while we are strong /, is the
gr'a'es' duty TO the safsiy Of our eons,i,uon
to bring ih' powerful enemy TO perfect
und'r its authorities. The first M asurs would b, IN
reduce hsm TO an .qna footing only with other bsDk,
be able to meet general combination Of The banks
against u', in critical emergency, could we not max.
beginning towards an ind tndsnt use OF our own
money, towards holding own bark in all IN. demo
si's where II trecevsd and letting the Trea,urer gys
his drat or note, for pay meDt at any particular place
which in well scnducied sovefnmt Mt 10 bsys a,
much srsdh a'sDy private draft or bark Doie, or bill
and would give fhe ssme facilities which ". d.,v.
from the batk' I pray YOU 10 iutn this subi,e in
your mind, and 10 give the b.pt m Of your
OF Details whereas bsve only very general views of
The 'uej's. Adeson,is saIuia1ens.
TIL. JEFFERSON.
WARRINGTON, December Is, 1903
Towards the close OF this letter, ne prsb.blv find
ne origin OF that suggestion Of Gen. Jackson about
ifeaSry bask, which has excited much observation
ard such fevere eri,iesm
III authority IL 90 much to be reled nm In III. .o