Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-24

Tremendous !--Mr. McDuie admits that the Bank OF
the u s. wields tremendous power"-It is rus.-h
Is power the cir culstng medium, the exchanges
the prices the markets. the property almost every
In the community, In the hands OF twelve Phsdei-
phis welding capital Of 35 900 000 in addition the
Public Dspostes. The monster extends It's arms to
every State in the Unon-cole citing the notes Of every
State Bank, returning them to their counter, making
up balance against them, and draining them Of their
specie, the very hfe.blood Of such Institutions. BIT
does more--t thus affects only the property Of
the people, and the OF the State Banks but IL
can weld tremendous power the politics Of the
country--over the prcss-over eiectionssnd over
the great movements Of the government. IL IL should
" suberve the purposes OF the Executive" which Mr..
McDuHe affirm. wieds power still more Tremendous
than itseIfihat state OF things presents according to his
produceBu suppose should go against. not only the
Executive, but the Congress and the peopeSuppose, il
Jod fall into the hards Of political party, and the
midst OF foreign war, wsged Tor the defence OF
rights but wsged against the consent Of its this
tremendous engine should do all in its power to hwar its
call in its paper-proluce
the people, and exhaust the very sine VS. of the war H.,
SELF what should then think Of its power or its uy
EXTRACT Of Letter from an old and tried Republican
.The campaign has opened at Washington with great
spirit. and we may expect desperate conflict The tao
tics Of the Anti Party are
Mr. Clay has raised the curtain somewhat incauously,
should think, and his attacks have hitherto rather shown
his rage, than his prudence. But plain the Senate is
to be made the theatre for the deveopemen Of the plot
There the troops already organized by the election
convenient Committees, whose Reports 10 make lodg
men on the public mind. That body with celei
ty and effect. II will get the start OF the other House.
and expects to carry its by a coup de main
by throwing before the people artu and plausible
mens IL hoped that public opinion may be brought to
bear the House OF Representatives in time affect
legislation In the time, the Bank moving Hea
ven and Earth to proong its boaed existence. Printed
Instructions are sent into every doubtful District to get
signatures enough 10 alarm, and perhaps conroul the
idle rumours and nnblushng fasehoods circulated far
and wide-and every means whether fair FOUL is put
into requison, 10 victory. Under these crcum
Stances the conductors Of independent Presses have be-
fore them high and aruos duties lfhey quail relax
in their efforts LOST Nor, in my poor judgment
ought minor differences OF opinion with the President
prevent them from giving TO his leading
ghtened and proper support when depends upon
the issue which is already made up:
BE to his faults a little blind,
DO to his virtues kind,
Is now principle, not OF policy but Of duty"
PHILADELPHIA BANKs.-The "U. s. Gazette of
Friday States that the Presidents the Banks in
tho City and County OF Phladelp hia had meeting on
Thursday last Tor considering the best method of
the pressure in the money market. They reso
uon recommending that the Board of each of Banks
should memoriaze Congress in favour Of restoration Of
the public depostes TO the u :. Bank measure moro
likely than any other TO restore confidence aud produce
sautary efectIhis movement in the Philadelphia Banks
does not surprise They have been uniformly ia
vor oil the Bank OF the u 81 with the exception, we
leve, of the Grard Bank They have regarded that
enormous Institution sort OF balance wheel
culson OF the counry-Besdes, they do not participate
in the public deposes-and this is additional re ason in
favor OF the they pursuing The facts and
arguments OF all those who in favor Of the National
Bank must be received with great caution.