Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-07-27

FOWVT ptTSc
manded that of the s,eordand would he both
the hands Ul loregners All the lessons OF history, said
MIR. B, admcnSh to keep clear OF foreign influence.
The dangerous influence from foreigners is through
money. The corruption Of orators and statesmen, the
ready way TO poison the councils and to beray the inter
est OF a country. Foreigners fourth OF this
Bank; THEY MAY THE WHOLE OF IN What a |
temptation to them engage IN our elections BY carry
ing President and majority of Congress o suit them
selves, they only become masters OF the moned pow
CT, but also of the political power OF this republic. And
can il be supposed that the British stockholders in
dihorcut the issue of this eection that they, and
their agents, with Indifference, the elton of
man who may disappoint their hopes OF fortune, aud
whose achievement at New Orleans is continued
mento OF the most signal defeat the arms of England
sustained?
The President in his message, had characterized the
exclusive privilege OF the bank as "a monopoly" To
this MIR. WEBSTER had taken exception, assembled TO
the Greek root OF the word 10 demonstrate sgni
cation, and the incorrecteSs OF the Presidents applca
ton. Mr. b. defended the Presidents of the term
and said that he would give authority too, but Greek
authority lie would ascend, the Greek root, but
TO the English test of the word and show that WING Ba-
rOnct had applied the 10 the bank OF England with still
more Offensive ephes than any the President had used
Mr. b. thea read, and commented upon several passages
OF aspeech oil Sir M PULTENEY in the British House
OF Commons, against renewing the charter OF the Bank of
Piled TO that bank, and other terms display its danger
Gus aud odous charter In Of the passages the Wing
Baronet said THE bank has been supported, and is still
supported, Jy the FEAR and TERROR tohieh by the
means Of ITS MONOPOLY It has had H- otcer to IN
spre" In another, he said; "Ieonsder the po,cer gven
6y he MONOPOLY TO be Of The nature IF all other
DESPOTiC POWER ,chich C0RRUPTS The DESPOT
as much as IL CORRUPrS the SLAVEr' In a third
passage he said; "WhGterer language The pirate bank.
erS may feel themselves BOUND TO HOLD, he could
not Leiiere they had any satisfaction IN remaining sab
ject to po,cer tcticf might DESTROY them at ann
moment" In a fourth: ".Vo ia France tods heard
to complain Of the BAsrILE tohe ersied; yet tche
tJH, Il came dotcn amidst the universal deeidniations
Of the nGtiOnP'
Here, continued Mr. b. is authority English authority
for calling the British Bank in England a MONOPOLY;
aud the British Bank in .fericd is copied from it, Sir
VIM. PULTENY goes further than President jackson
He says, that the Bank of England rules by fear and
terror lie calls 1t deSpOt, and corrupt deSpot. lie
speaks OF the SdreS corrupted by the Bank by whom he
doubtless the nominal debtors who have received
oseYsbe loans real dOuceursnever TO be repaid except
IN dshonord6c services He considers the praises of the
country bankers the unwilling homage OF the weak
and helpless TO the corrupt and powerful lie assimates
me Bank oil England 10y The terroS which il inspires TO
the old BASllLE in France, and anticipates the same
burst OF emancipaied JOY on the fall of the Bank which
was heard in France the fall OF the BASTILE And
is he not rghR And may every word of his invcc-
tive be applied to the British Bank in America, and find
facts here? Well has he nkcncd it to the Bastile
well will the term apply in country. Great
is the fear and terror inspired by this Bank
Silent millions of tongues under its tcrrors which are
impatient for the downfall of the of despotism
that they may break forth into joy and Thanksgiving The
real BASTiLE terrible TO all France the igurave
BASTlLE is terrible to all America; but above all TO the
West where the duplicate Senators of Kentucy and Mas
sachuscts, have pointed the reign terror that is an
preaching and drawn up the victims for anticipated
notation. But exclaimed Mr.. b., this is the month of
! July month suspicious TO liberty, and fatal BIAS
TILES Our Independence OF the crown OF Great Britain
ceased in the month OF July; the BASTILE in France
fell in the month OF July; Charles Y. chased from
France by the three glorious days OF July and the veto
message which the Declaration Independence against
the British Bank originated the Fourth of july and is
the signal Tor the downfall of the American nj STII n
and the end of despoism. The time is auspcous she
work will go on; down with the British Bank down with
the Bastle; away with the tyran will be the patriotic
! cry of Americans; and down it will 60.
! The duplicate Senators, said Mr. b. have OCCUPIED
themselves with criicisng the Presidents idea of the OBJ
legation OF his oath in constituting the Constitution him
self They think that the President ought be bound
the Congress ought be bound the constitution
which the Supreme Court may deal them! If So
why take an oath: The oath TO bind the not
to enghten the head. Every officer takes the oath for
himself The President took the oath himself admin
istered on the Chief Justice not to the Chief Justice
He bound himself to observe the Constitution not the
Chief Justices Interpretation of the Constitutions and his
message conformity to his oath This is The oath of
duty and fright 1t is the path of JEFFERSON also,
who has laid down in his writings, each Depart-
ment Judges The Constitution for Itself that the Pre-
sden is as independent OF the Supreme Court as the Su
preme Court is of the President.
| The Senators from Kentucky and Massachusetts have
dence III constituting the Constitution, the
ton he has put upon in reference this Bank They
deny its correctness and into arguments to dsprove
H. ana nave even quoted authorities which may be quoted
on both sides One OF the Senator'S the gentleman from
kentucky, might have spared his objection TO the Pres-
gent on ms point lie happened to think the way
once himsesand while all will accord TO him the right Of
changing for himself few will allow him the privilege of
rebuking others for bookkeeping with him in the gaoon
dance OF changeable opinions.
The President is assaied for showing the drain upon
the resources OF the West, which is made by this Bank
u
error? No! not at all! such document exists The
President right and the fact goes far greater extent
than Is stated in his message. He took the dividend pro-
fits of the Bankhe nett and the gross profits; the
latter is the of the burthen upon the people
The annual drain for nett dividends from the West is
L Sl,OOOOCO. This Is enormous tax. But the pross
profits still larger. Then there is the specie drain
which now exceeds three millions of dollars per annum
Then there is tile annual mortgage of the growing crop TO
redeem the fictitious and usurious bills change which
are now substituted for ordinary loans, which sweep
oil the staple products OF the South and TO the North
eastern ciles.-lhe West is ravaged by this Bank
New Orleans, especially, is TavOgcd by it, and i'm her
Impoverished, the whole West suffers for she is
thereby disabled from giving adequate prices for West
ern produce. Mr.. Benton declared that this British
pecunary damage to New Orleans than the British
army would have done if they had conquered i'm 1916
He verified this opinion by referring the immense Cvi
dend, upwards OF half million year, drawn from the
branch there; the immense amounts of specie drawn from
il; the produce carried off TO the domestic hill
OF exchanges and The and IL millions of debt exis
ing there, of which millions were created i'm the
last two years to answer electoneefng purposes and
the collection OF which must parayze, for years the
growth OF the city. From further damage TO New
Orleans the veto message would save that great ci
ty. jackson would be her saviour second time
He would her from the British Bank as he
bad done from the British .aTmy and if any Federal
Bank must be there, let it be independent one; sepa-
rate and distinct Bank which would save to that CITY and
to the Valley Of the Mississippi of which il was the
great and cherished emporium the command of their own
monied SYSTEM the regulation of their own commerce and
finances, and the accommodation of their own citizens
Mr. b. addressed himself to the jackson bank men, pre-
an hoy mill .fcnr,f - 4