Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-10-01
RICHMOND, Tuesday, OctOber I.
BANK OF THE u. STATES.

L DAMN Or HE u.
The author OF c. has at length unmasked himself
and, as we suspected, he out to be the noto-
rious Judge Thomas Cooper. Mark his consistency
This singular politician has written Book in favor
OF strict construction Of the Constitution. He has
carried his proessed attachment to the Rights of the
States, to the Of Nullication-and 10 Presto
change! here we find him openly recommending
the re-chartering ofan Institution-which is direct
~ contrary to the Constitution-and the prototype
OF which gave the first great blow to the principle
OF limited federal Government. 1t was the first
measure, which contributed to lay the foundation of
the two great parties, which have divided the coun-
try into Republicans and Federalists; those who
originally adhered to strict construction Of the In
strument, and those who were interpreting il ibe-
rally. Mr.. Marshall in his life of Washington. af.
ter sPeaking of the arguments which had been urged
IN favor OF and against the Establishment of the first
Bank in 1871, uses this language: "Ths measure
made deep impression on many members of the
Legislature, and contributed not inconsderaby to
the complete organization Of those distinct and vs-
ole parties which in their long and dubious conflict
for power, have since shaken the United States to
their centre"
Let us hear Mr.. Cooper, however, himself He
has re-published in pamphlet form the series of
Numbers, which originally appeared in the Column
bia Times, under the signature of C.-and sends il
forth with the following Preface-to which, we have
taken the Liberty of attaching few notes, by way
Of comment:
"PREFACE
Ihis Series oil Essays originated in my full conviction
that the present Administration have formed deliberate
plan to Perpeuate their power and govern this coun
try by Of monied arisiocracy Every day since
began them added facts in continuation of nv opnion
trial was first made TO exercise political control over
the present Bank Of the United States which the Presi.
dent and Direction honestly and wisely resisted II be-
came necessary the views Of Cen Jackson his cabi-
net therefore, TO rid Of the present Bank
stituie In lieu Of 1t, either
"Anoher United States Bank of more moderate CAPT.
tai. so as to pass more easily with the public ~
or to erect another more pow erful Bank such the
i,"C) ''' ~
cor. to effect the by a managed distribution Of
and contracts among the private and
THE constitutional objection will be laid aside by the
Cabinet should be necessary to do il has been
TO carry this main design do the to couneract
them;5) and in firm belief Also that the great BODY of
the merchants and traders regarding bank of control alb
will pass the indeible faint OF i7j
Issues
"The present Administrations aided by the old Federal
party and the monoposs of the North have actually and
completely succeeded in converting this miscalled Repub
tic oil Confederaed States, into consolidated despoisrn
They have effected this by adopting putting in prac
nce the ultra politics Of the old federal party yiz the
promacy OF the federal the State
the municipal character Of these last OF
Congress majority: the paramount obligation OF the ge
neral we'iare;(9 the plastic character OF Constitution
which Congress claims the right to mould pleasure and
con'rue as exgencies requires the regarding sedous
heresy that the Congress is the agent Of confederaed
States with powers what the Constitution plainly
gives Q0) All this is to he made the permanent cons
tuhonai law by establishing control the moned in
suuions throughout the Union, command by that
means, In addition TO places. jobs and contracts nu
ence over the leading politicians every State This de-
sgn is so far advanced in actual and successful practice
that nothing but adoption of OF the
pans ABOVE suggested, Is wanting to secure success
beleve the 35 million Bank will he adopted; and the con-
sunional objection disregarded;QD for have testimony
satisfactory 10 myself for saying, that
:" The objection of Gen Jackson and his .4dnnisra
tion is NOT to Bank Of the U States but to the pre-
sent ersting Bank; NOT to Bank, but THE Bank U2)
Mr. Keud M tlon
Banks. is not likely succeed will meet with the
support because il does not provide for the of The
mercantile interest; viz: an efficient check to paper uc
tua,ion.
20" this pan the greater the amount OF taxation, the
stronger is the administration The more exiravagan the
government the more rous. the attached, the
more influential their parisans. On this plan, the
importer, the middle merchant, the retailer and the
taiers Debtors are contemplated TO form government
Phaanx. On this plan, who hesitate for a motHent
IN eo"iess'ng that Libery is no more?QS)
rs u any wonder that with all this full in my view,
join Mr. McDufie and John Randolph Of Roanoke,
and acknowledge with whatever reuciance) that the
constitutional objection must yield the greater and
pressing danger?Q4)
The cabinet hostility to the present Bank Of the United
States, has arisen from the wisdom and honesty which
the Directors Of that institution have shewnii5) Had
they consented TO have become the tools ofte
be- they would have received all manner support from
those who rule the nation.
al engaged in this unsugxes,ed voluntary defence Of
the present Bank and its p,etensioDs most unwingly
for the argument of unconstiiuonsliy will remain, ill
the States confer the required authority (I6) But after
III.
OF Mr. Cambreeng, OF the minority Of Mr.. Verplsncks
Committee, ard twenty thirty fugitive essays against
that institution having made myself with the
defeDces circulated in Mr. Waishs paper those by Mr.
Gaaiin, VIZ. McDufe, M. Adsms, and Mr. Verplanck's
mmce, with the previous report OF Mr.. Tolsnd, I
have bren compelled TO ledge that upon the whole
the present Rank has been faithfully conduc for The
terest OF the Stockholders bene6 Tor the
interest OF the community, usefuy for he fiscal rsnsac-
tons OF the government and honestly wisely, and indie
penenily toward the pnbic(i7) ii it be sacrificed il
will be so to crafty tho hostility Of poll icans who would
gladly make IL chief engine OF despoe power and the
punishment Of It's tall will be nf3cied lis honesty De-
soy ", and shall have all around competition OF
paper money manufacture, and banking producing
over-iradng must submit TO the careless emission OF
bills and notes tor The accommodation OF government
tavagance; and 10 al ernaions and
In the currency with their destructive results ueut uda
supeTuenn INDIAN follows wave, till system OF
forced paper will he tie result
"Hr Bidle has been blamed for mourning expense in
laying before the public the delences Of the InsriIu ion
over which he presides IN reply TO the Dces'ant attacks
maue "ponii. lie would have been much imbe
cile President Of that Institution as traitor TO his trust
he nd omitted hi, part Of his duty and lett the cause
oil TIE Bank TO the mercy OF his enemies with objections
unanswered and cslvones unepeed (IS) ~ he did mol
pay the presses that gave circua ion 10 hi. he
ought to have paid bem they subsist on such r,nue
ration, and are honestly emitted IT, I9 Persons who
judge Of others by themselves may suggest that als,
In the pay OF the rsnk BIZ, Nj Biddc has TOO much
respect for himself and Tor and have much
for myself aud Tor him. afford ground directly or io
reciIy Tor such suggestion to the value Of sheet
paper l now wife upon. (20)
NOTES
uD Mr.Cooperisthe President Of the Columbis College