Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-03-29

solution Of lsl6 Will 10 that and will effect tue resu-
iation without destroying one hand, and without
raising up now power, above regulation, the o,her.
Besides, there 10 mistake In this phrase currency.
The word in the eonsttu'ion IL coin. II Is the value
OF coin which Congress 10 to regulate; aud TO include
bank notes under that term IL to sssume power not
OF copstruchon-for constr ton can DO wild and
tonndle" enough to eons,rue coin that is to say,
taic money melted, east and pedint notes
printed and written-bu Il 10 TO assume power of life
and death over the constitution; a pow or 10 dethroue
and murder one OF s true and lawful words, and to
set up bastard preender in lie place. invoke the
spirit OF America upon the daring attempt! 6. 70
equdliEe exchanges and sell bis Of exchange for hs
haD Of one per cent" This 10 brokers argument;
very NJ and proper 10 determine question OF broker
age; bu, very insufficient to determine question OF
great national policy State Of utonal diff
Guilty, OF grevous taxation, and Of public aud private
subJugaiion to the beck and not OF greas we'd
ogarehy. T. "d bonus Of q million and hdy OF dol
lars" This, Mr. PREsIDENr,is Esau's view of the
subject very seductive view 70 an improvideni young
man, who is willing 10 give the remainder OF his life
to chains and poverty, provided he be solaced for
tbe present with momentary aud nsgri6c ant graft.
heaiion. But wha, is |. to the United Sa,es!ie the
United Safes OF 1886! without shilling of debt ard
ma My occupied with the reduction OF taxes! Still
this bonus is the only consideration that be
of.red ard surely it 10 the last that ought be
copied. We do not want the money; and, il we did,
the recourse to bonus would be the most execrabie
form in which could raise IL. What is a bonus?
Why, in monarchies, il is price paid to the King
for the privilege Of ex,orting money out OF his SUBJ
Jects; with US, II Is price paid to ourselves for
the privilege OF extorting money out Of ourselves
The more OF the worse for II all has to be paid back
TO the extoron.rs, with great ioteret upon II. 1t is
related by the English historian Ciar endon, who cam
not be suspected OF oversang any fac, to the prejude
oil the Stuart Kings, that for 500 advanced TO Charles
the Firsin bonuss less than E200 900 were extort
ed from his SUBJECTS being at the of El33 taken
from the subject for El advanced TO the King
Wha, the Bauk Of the United States will have made
out OF The people of the United States, in twenty
years, in return for its bonus of Sl500OOO (Which,
must repeat, has been advanced {, US out of
money! has been shown to be about sixtysix millions
Of dollars. What 1t would make in the next iweDty
years, when secure of the renswed charter
should fres the Institution from every restraint and
leave 1t al full liberty to pursue the money, goods and
lands OF the people in every ecion, cannot be
tanned. Enough can be ascer tanned, however to show
hat II must be indefinitely beyond what il has been
There are some data upon which some partial and inn
perfect calculations be made and let essay
In the bret place, the rise OF the stock, which
be less than that Of the Bauk OF England its flourish
ing days, (probsby MORE as all Europe lie seeking
investments here0 may reach $50 per GEN., $50
bove par. This, upon capital oil 30 millions, would
give profit OF $42o00 900; pretty sum 10 be cleared
by operation Of law Ito be added to he fortune OF some
individuals aliens as we'll as citizens, by the pas
ags OF an act OF Congress In the next place, the
regular dividends, assuming them equal those Of
the Bank OF England in its meridian, would be te per
cent per annum This would give So 500 900 for the
annual dividend; and $40 000 900 for aggregate ef
twenty years Ia the third place, the direct expenses
Of the Institution, less than 900 per annun
would, under the ard magnihc mt expansion which
half a million per annum cay $lo,000,000 for The
whole term. Putting these three items together, which
s far data IN the hand will enable calculate
and have l22 500, 900 OF profits made out of the
people,, equal a tax of SO 900 900 per annum. How
much more may follow, Is wholly unascertainable and
would depend upon the moderation the Justice, the
clemency the mercy and clearance, Of the Supreme
Central Directory, who, sitting their tripods, and sha
king their ridents the moned ocean, able
raise ,ana repress, the golden peaure whob
ing chief purchasers of real e,tae may take in towns
a one ho
bsng sole lenders of money, may take usury, only
at 46, but at AGO per eeot who being masters of all
other banks and OF the Federal Government ITSELF may
compel these tributary establishments TO their
serve exsences with the heavy, and repeated exac.
tons Of Algerine cupidity.-The gains OF such an in
stituton defy calculation. There is DO example on
earth TO which TO compare il. The Bank OF Ene land
in its proudest days, would afford but dequa,e
and imperfect exemplar; for the power of that Bank
counter poised, and its exacions limited, by the
wealth OF the landed arstocracy, and the princey
nues of great merchants and private bankers. But
with US, there would be counterpoise, limit no
boundary the extent of lAlI would
upon the will OF the Supreme Central Directory
The nearest approach to the value OF this terrific stock
which MY reading has suggested. would be found in
the history of the famous SJuth Sea Company of the
last century, whose shares in leaps from 90 $780,
and from 500 10 1000 per cent; but with this mmea-
sureabe and lamentdbIe difference that, that tcas
DUBBLE this, REALITY!-And who would be the
owners of this imperial sock' Widows, and orphans
hnk you as osentaously set forth in the report Of
last session? No, Sir, lew great capitalists; aliens
enZens, DaturaZed SUBJECTS; and some native
already the richest OF the land and, who would avail
themselves OF their nelligences and their mean, 10
buy the small stockholders the eve of the re-
newal. These would be the owners. And where
would all this pcw.r and money centre? In the great
cities TO the North Eat, which have been Tor forty
years, and that by force OF iegisaon the Lions
den Of Southern and Western money;--,hat den into
which all The tracks point inward; from which The
urning track OF solitary dollar has never yet been
seen Aud, this is the Institution for which rene wed
existence is sougbtor which the OF the peoples
rel resenatives, claimed! But, me- Impossble
cannot be! The bank is DONE The argumentso OF 1915
will no longer apply. Times have changed; aud the
policy oil the Republic changes with the times. The
made the Bank; peace will unmake it. The bale.
full planet OF fire and blood, and every human woe,
did bring that pestilence upon U.S. the benignant star
peace shall chase II away
HARDWARE AND CUTLERY AT AUCTION.
II a Will be sold on Monday the 18Th April, at the
sign OF the Golden Anvil, opposite the Merchants
Coffee House, general assortment Of Hardware and
Cutlery, comprising the usual varieties of a wholesale
and retail Store. The articles have been selected with