Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-08-06

tNf0iUeb f-ouO
agent, to whom we were attached IT, p. Andrewsl
while the then friends Of MIR. Calhoun were either
active against the State of Georgia. or isess i'm her
cause, we stood by her to the best of our humble
abilities.
Shall we cite the whole course Of Internal I'M
provcments--o r is there danger from that usurp-
ed power? Let the Improvement be momentotis or
nconsi,lerahc; be it designed for distant State or
let the golden shower he promised to Virginia. we
have stood by the Constitution of our country We
opposed the Dismal Swamp appropriation; and we
would oppose it again. When the Common Coun-
Gil of Petersburg proposed TO promote the grand
New Orleans Road--or the Common Council of
Richmond besouglIt an appropriation for the open
ing of the James River we never shrank from do
ing what we thought our duty.
When Mr.. Monroe presented his able and elo-
Guent memoir to Congress, in favor of the right to
appropriate monies in the Treasury to objects of the
general welfare, Mr.. Calhouns famous and alarm
ing hobby we opposed it.
When Mr.. Adams sent forth that celebrated mes
sage, which, like the flaming sword, threatened tn
sweep every vestige OF State Rights before it, we
did not hesitate one moment TO dcnounce il in the
most decisive terms. On the very next morning af-
from that moment determined upon opposing his re-
election. We forthwith struck new edition of Ma
disons Report, with preface suitable the crisis
which we afterwards sent 10 Charleston TO he re-
printed, for the benefit of the citizens of South Ca
rona. Miller of Charleston printed an edition. with
the Richmond preface to il.
But none of these were times of tlanger-perhaps!
The cause OF State Rights WAS perhaps i'm no dan
ger, when the principles of Virginia wcro almost
secuted in every other State--Whcn they were
laughed at by such men rs Correa and Clay-and
when nothing was more common than to hear poll
tcians say of Vrgmian, with sneer, Gay! there
goes State Rights man'
But enough for to-day. We throw ourselves I'm
on the berality of readers for troubling them
with these matters touching ourselves. Nothing
could draw such statements from us but in sef-de-
fence. We will reserve further remarks for
another opportunity.
BANK DEPOSITES.
We are ut some loss to know, from the following
paragraph in the last "Pennsylvanian," and others
which had previously appeared in the same paper,
whether the Secretary of the Treasury designs inn
mediately to withdraw the Public Deposites from
the Bank OF the U. s., whether he is collecting in
formation TO assist in carving out such new ar
engagements to take effect on the expiration of
IFS charter. IL the former, we should doubt ey-
tremely the policy of the But, if the lat
ter, we should cordially concur in the idea. We
have no doubt that the Bank of the u. S.. if left to
ITSELF will go down at the expiration of its charter
MS it ought 10 go down. The Constitution requires
the sacrificc-and forbids the adoption of any ma
tional substitute, as has been suggested But il also
becomes the duty of the Treasury TO look about
among the State Institutions for some means of dis
posing of the public rcsources-to be carried into
effect so soon as the charter 10 require them
to be deposited in the present Bank.
From the Pennsvipdnidn1
United States Bdnk-1he Deposifes.- Amo. K endall,
Esq, the Agent OF the Treasury for winding up the Unit
ed States Bank leaves Baltimore to-day and will most
probably reach the city this HI has spent the
week in hearing the terms proposed by the State Banks
Baltimore in relation 10 the removal of the deposits in an
icpaton of the winding mp Of the existing Institution.
| We learn further, that the Baltimore banks have
come forward with the most liberal and efficient
terms, calculated TO render the close OF the United
States Bank in the change of the paper circulation
aud the government TRANSACTIONS very easy anil
comfortable operation to The stockholders merchants and
the pubic generally interested in these important mea.
Every Ecility give by the Baltimore B.nks
and generally BY tho independent Of business
city. --.-"cs.sof' f '"a'
We hsahe ssie Bank, in hi. city will now
prepare themselves with their best ocr'thcir Sc
curtyand difficulty interpose in carrying The in
ten'ons Of the Hero of New Orleans rapid
The Agents Of the Bank are attempting to defeat
tins scheme They are putting forth statements TO
show, that this Bank is Indispensable to the safe
keeping of the public monies-and that tile State
Banks cannot be trusted. AS one decisive arg,,-
ment in favor of their position, they present the fol-
lowing statement-in an article in the Philadelphia
papers signed in the name of the "PEoPLE::"
Tint n., ni M all the evils
determine at once TO lay aside hi,
fu influences by sustaining hs could
~ '"s Ill rS ws of The The
survey ,e existing state of afsiIs .hs
happy And % Of our and view Of
taken from tho numerea State institutions and their
OF doa Let the people well consider no
femcn of the bnin has existed and from
First OF ALL lack ltte-it ia well known that from
1911 to 1916 had Bank of the United
Of Depos, for the public fuDdwbat
made by the Secretary of the Treasury compliance
Ing amount OF losses sus,ane the uug
Rod"
The total of The losses in these five years is
stated by The Secretary the Treasury at 800 7O7
-whish is now called unavailable funds"
But let us on the other hand call to mind the fol-
lowing facts:
LIST. These fue years were among the most critical
periods which this country has ever experienced.
Never was our circulation exposed TO so much
period Of actual war. Most of the State Banks
stopped specie payments--and there is every rea-
son to believe, from the experiments of the Bank of
England, and the then condition of our monetary
system, that the United States Bank itself could not
have weathered the Storm. The currency of the
country was nearly doubled. The expenditure of
the Government, too, during this period uncom-
monty large. Besides, its funds were scattered all
over the country, to pay the troops, furnish raons
and to meet all the expences of the war; Ii is ut
tery unfair, therefore, the losses of these
years the data Of permanent or Just calcu-
lation.
In the I'd place, we presume that no adequate ar
raDgemeDts were made beforehand, to supply the
place of the u. s. Bank. Sufficient checks were not
then adopted, as the experience of that memorable
period proves to be necessary. But the Treasury will
now take time by the forelock-the condition, pro-
positions, &c. of the State Banks, will be laid
before CoDgress-and they will assist in devising the
proper means beforehand for preventing u waste of
the public funds.
Pint 0dIv This Statep,epf ovarIooto Tho otbar