Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-08-27
Richmond, Tuesday, August a..
THE UNITED .ST.qT,E.S' B.4.N.K. :


writer in the Philadelphia IT, s. Gazette whc
assumes the signature of CATO has reached his Izth
No. He winds up with the following compliment
What win the eonators, Rchio, and Kendall ma shs
and ruin
MIR. Jefferson in writing TO MIR. Eppes about the
then at about two for one." This was ON the f;ti,
Nov. lSI3-in the midst of an expensive war; IL
VIII he recoected, that many of the Banks had sus
pended specie payments, and had multiplied the is
sues OF their paper to great extent. Does Cato be-
ieve, that Bank of the United States could have
avoided o suspension of specie payments, any mora
than the Bank of England was able to do or, that
1t could have controlled the depreciation of the cir
culatng mediums? AT all events, is it fair to ados,t
such state of things, with war raging around
us and without Congress having made the Necessary
arrangements TO levy the necessary taxes to obtain
tho best loans, orto revise the issues of the Banks
as aiar criterion OF the general Banking operations
Of the country?
In another part of his letter. Mr.. j. expresses the
opnIon that on proper representations of the sub
Ject, great proportion of these Legislatures would
cede to Congress their power of establishing BANKS
saving the charter rights already granted" This
we repeat, was uttered during all the pressure of a
foreign war, and amid all the panic of depreciat-
ed currency. And yet what does Mr. Jefferson fur
Their say, in this very letter TO MIR. Eppes?
"Aiter the solemn decision OF Congress spsnst thu
OF the charter OF the bank of the United States and
the grounds OF that decisions (the want Of
po,cer) had imagined that question at rest and that
no more applications would be made to them for the in
corporation of banks"
And, why does Cato also pretermit the following
sentiments expressed by Mr.. Jefferson i'm his letter
to MIR. Gallatin of Dec 1903
"From passage in the letter Of the President. OBJ.
serve an idea Establishing branch bank Of United
States in New Orleans. This institution is one of the ost
deadly hostility existing against the principles and form of
our Constitution The nation is this time so strong and
united In its sentiments that il cannot be shaken AT This
moment But suPpose series OF ard events shouj
occur sufficient TO bring into doubt the competence of
government to meet crisis Of great danger or
| fha 81 a.. u
iunc'ondries an institution like this, bv ia
branches every part OF the Union acting by MI
IN pna'anx, may, IN critical moment upset the govern
meh' deem no government safe which is under the
vassaage OF any selfconstued authorities or any other
authority than that OF the nation its regular functional
res what an obstruction could this bank of the u
STATES with all its branch banks be in fine of war, n
might dictate TO us the peace should or with
draw its aids Ought we then to give further prs IN n an
institution so powerful hose9 That il is SO ho stile
Know from knowledge OF the principles the persons
composing the body OF directors in every bank prnci-
pal or branch; and those OF of the Stockholders
from their opposition TO the and pncpIes of
the government and 10 the election Of those friendly 10
mem ana from The sentiments Of the newspapers they
support NOW while strong, il is gre test d,i-
" we owe to The safety of constitution 10 bring this
enemy TO perfect subordnaon under its autho-
ries The hrst measure would be reduce them 10 an
equal footing only with other banks to the fayos Of the
government But, in order be able TO meet general
combination oil the banks against in critical emer-
gency could we not make beginning tow ards an indie.
pendent use OF our money, towards holding our owl
bank in all the deposites where il is received and letting
al any
particular place, which, in well conducted
ought TO have much credit as any private dra or
no'e or bl and would give us the facilities which
we derive rom the banks! pray you turn this sub
ect In your mind and TO give the benefit of your know
edge oil details whereas have only very general views
OF the subject" 800
i We do not ask who this modern Cato is. who On
srenuously yields his pen in favor of a National
Bank, and IN opposition to the State Institutions
we DO not ask, whether he would disgrace the name
of the stern and vrtuous old Roman The oncen,
| a. IL
est But the modern reverses the maxim and is for
saving this monsrous institution We do not asl,
by what motive he is impelled to devote himself to
lis unhallowed altar-whether he is one of tho non
sonaries ofthe Secret Serpice Fund of S6O 600 which
IS said TO have been put at the command of Mr. Bid
dle-and how mucll this wretched scribbler has re-
ceved as his stipend for ,criting IN favor Of the Bank
From such anonymous mercenaries we can hear n
be stigmalsed a" Conspirator" leaving to him all
the profit of the punder, and content TO share with
the rest OF our fellow citizens the glory of saving the
Constitution Of Our CcH4iRttEy. -
But tie cause of the Bank is not TO be reserved
Ior the hands OF anonymous writer's. The National
lDelligencer has again taken the field with alI inc
columns d'SPtayed and it has already discharged
two fires at the President and his friends 1t threat
ems 10 carry on the war with vigor, perhaps to the
very end OF the campaign. We know NOT with
what grace the Intellgencer can charge pon ofbere
the waging of this " hot war upon the Bank" for
the mercenary calculation of considering politics
only as the means of making their personal for
I ''iHi O'tn HHH III can aSCrlDe the OUpOSt-
taon TO the alleged attempt "to tamper with the
Bank concerning It's Branch in New Hampshire, . and
to the government of the Bank" refusing to ac-
cept the favor of this Cabal as The price of corrp
ton" 1t can scarcely be necessary to enquire It's
matter of public record, that the President had
avowed has opposition to the Bank before the New
Hampshire scenes had occurred. And we under
stand 1t from private but unquestonabe authority
that so strong was his opposition to this dangerous
institution, that "his first declaration against the
Bank IN his first Message tcas not fapored bv sim
gle indiuidum near him, but Mr.. Fan Buren,
But this LIST No. ofthe N. Intelgencer is sounding
another note, which is to be repeated and reechoed
IN all the Bank papers of the country. The nulli-
lying papers began it and our worthy friends at
washington are not ashamed to repeat il after them
Ii declares in positive terms that the " plan now in
progress The grand project is, to obtain an influence
over the State Banks 10 give to the Federal Exc
cutlye such a controlling influence over the State
politics, as may enable him to name his successor in
ohce or in other words, TO secure the election of
him whom the President is known 10 prefer.o Here
is the aSSertionj now where's The proof? Not title
IS produced-and we defy it., and all its aiders and
abet0rs TO produce any. Swift recommends it TO
all dealers VI fable, to- snake their whales szeable."
But can any man believe this supendous invention
Does any one suppose, that Andrew Jackson is so
weak ana ntatuated-or, that Martin Van Buren, is
not only such knaue but such fool as to damn all
Their reputation by so bungng, so daring, and so
dangerous a device? If the thing, however, is only
to resolve itself into mere abstract calculations who
could hesitate as to the comparative dangers Of the
two schemes; between large, consolidated machine