Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-31

70 the breach and calling upon his troops TO follow him.
This was the reason, SIR He has done the deed. Aud
the mpudent preext that the calamity OF the country
produced by the Bank pressing that he dared not
wait. Dared not wait. sir! lie had only to say, the
President will not act Till Congress meet aud all embar
ras.ment would have been an end But no, SIR The
Executive thrust himself forward, and placed things
in such posture that he hoped would be cut
oil from exercising its own free agency. why sir what
have we already heard! gentleman from New York,
Mr. Beardsley) ssyshc is alarmed that the idea should
even be mentioned OF having the depositcs restoed he
says is impossible; the country is can
stand IL. The deposiies gone, they never
go back WELL sir is true that their restoration might
produce some difficulty, and Tor this made my
solution perspective in its form. For though would be
than strict justice TO compel the restoration Of
what has been unawully and progressively taken away,
had rather indemnify the Bank Than distress the country
know shall be told that the pic;ure Of the public
distress is exaggerated Indeed, gentleman from New
House tina, II is " all HUMBvo." Sir IL is melancholy
humbug. | ask, Is there any noto (whatever might
have been the the other day0 is there here who
will noo say that the alarm is untoundeje Or will any
man in his senses to me- and 10 this People, that il s
not the removal Of the Depostes which has caused that
distress! presume there is one here who will have
the audaciy Sir had conception OF what the mise
rablc tamperng Of the Government had produced have
been astonshed reading my letters to discover the
tent OF the alarm. and tho misery II Is producing II 10
not confined TO the merchants. 1t cannot be confined 10
them What touches them must ultimately touch all II
wave that, once raised, will not sabside till 1t has
flowed over the entire face OF the community.
mr. Med. here alluded 10 facts in the reduction Of the
price of cotton aud argued show that it had been pro-
duced by the scarcity Of money consequent upon the de-
| rangementof the currency]
SO much sir, Tor an interest which personally under
stand And readily conceive, il such is the effect
on the planters what IL must those whose property lies
in stocks. Tile here alluded TO the fall in the Grard
Bank stock, from 20 TO 81 per. cent?
Sir, cried Mr. Med, in what is this 10 end What is Ia
be the contamination! do not profess TO know exactly
what is the object; but can tell you what the end
certainly bethe sacrifice Of the honest and the ndus
to make princes OF brokers' and
bers. That will be the end. And not called or
by solemn, by every weghy consideration Of duty
| to the country, TO interpose and prevent il?
In conclusion have only to observe, that, IL you
ton this deed Of the Executives you will add to all the
private and personal distress has already Produced the
great public evil OF having created system that
will be destructive Of the public liberty. Before
again. this system of banking, permitted to succeed will
have extended itself the whole length and breadth
the land, and the State Banks will have become so per
ecy. so firmly linked together, and associated with
the political purposes Of the Government that human
power from the hand that wields the whole
The man who controls Bank, controls all who in
debed to that Bank and thus, by sanc,oning the
rcious union Of money with power, you deliver up YOU
country into chains, which nothing but Divine inferno
son can ever break or dissolve.
MIR. McDuffie, about hall past o'clock, having sus
pended his remarks
| The House adjourned.