Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-05-30

eu,l the Post Office down the
mails AT one time with ceAIy public aud at
another, iup the cry OF i,fceicies aud abuses roug
The very members Of Congress wo themselves
mental in producing ,iem. Fsc,s befoe show. that
the iins are sbundsn and that they used with lit
lie scruple as are the irauks Of members OF Congress
THE .aLT,ER.N:qITYE.
Mr.. Vinton of Ohio is right i'm his cacula-
tons. On Monday last, he moved to re-com-
init the Bill directing The public funds to be de-
posted in the State Banks under special guards
and restrictions, TO the Commttee with instructions
TO report a bill directing the deposite of the money
of the u. s. TO be hereafter made the Bank of he
u States. and for e renetcdi Of The charter Of said
Bank, with such notifications thereof as they may
deem expedien" Yes-t is to this complexion
that we must come at last. We nre 10 choose be-
tween the State Banks the places of Deposite,
and The u. s. Bank, with proiongdiion of its charter
We thank Mr.. Vinton for dealing so frankly by
us--ond Tor letting us see at once the whole game
which is in contemplation. The Deposites are to be
restored and the Bank is to be re-cJiartered. This
is The design of those, who go for National Bank.
On the other hand, the friends of the Consti,,-
ton go for the State Banks, with such strict lna-
TONS may grurd The public funds against abuses
hy the Executive Department. We are to choose
between the two.-What friend of State Rights can
hesitate in the choice he is to make
TO restore the deposites NOW, without chartering
the Bank is little calculated to relieve the present
pressure. The Bank has just declared, through the
lips of one of its n Y. organs the $50, 900 Noah y
follows:
The Bank has nothing to fear from any which
the Kitchen Cabinet may devise aud prose gainst
The directors OF that Institution have stood upon their
rights the guardians Of the OF its stockholders
and they will steadily pursue even tenor of their
way, by gradually ualng their business, and making
such other arrangements they may deem necessary for
the winding up OF The institution. Its business is
tended tcenty millions g/ dollars be You'd its capital which
will no doubt be gradually called in during the present
year, when its future may be regulated by the
election of the oath Congress" (.fdrk this -
The Bank organ here declares, by way of me-
nace that the Bank will curtui in order TO prepare
for 'Oindg mp the Institution 1t does not, them want
the Deposites on which TO operate, and lend our
and relieve the pressure. Ifit were to lend out on
the faith of the deposites, il would prevent itself
from winding up by the end of its charter. We are,
therefore, to understand, that unless its charter be
also renewed the restoration ofthe Deposites would
not enable IT 10 extend its accommodations. In fact,
il would not want them for this purpose. 1t has
abundant specie on hand TO Justify its lending
freely upon IT'S own resources-and no can
rousy believe that the Deposites would avail it
all, unless It's charter were elongated. This is the
true state of the CASE let the friends of the Bank or
the opponents of the Administration now Glamour
as much ns they niay about restoring the Deposes
There is no moral obligation to restore them-
There is no violated by their renewals: and
the only question is, what is now due to the public
interests? If the Bank is be re-chartered; it.
on tile contrary, the Constitution is he purged of
this deadly sin; then of the great points is
which mode is the best calculated effect the oh
jeci? Will not the restoration be the most powerful
means of renewing the charter !? Have we not al
ready partly fought the battle with the Bank? If
we now restore, shall we not have 10 fight il over
againIin 1886? In fact, will the Bank accept the re-
storaton, without assurance, or n prospect of a
re-charter?
If, then, we do not intend to re-charter the Bank
we ought 10 pass the State Bank Deposte Bill If
we do not mean 10 restore the Deposiies, every man
who desires 10 take the custody of The public mo-
ney out of the hands of the Executives should place
ii in the State Banks, under proper restrictions.
We must do of three things:
We must return il To- the u. $. Bank;-wbich can
not now effectualIy relieve The public distresses
without yielding re-charter or without its con
tribuiing 10 produce it,
On, we may leave the money as it is, in the State
Banks, without those restrictions which may be ne
cessary.
Or, since the money has been Withdrawn from
the U. 5. Banks, by the Secretary of the Treasury,
under the 10th section Of The charter, and Congress
has not found fault with the reasons for The reno
val, il becomes their duty to supply the previous
omissions in the Laws, and designate the State
Banks, with adequate restrictions, the public depo
siiaries, until otherwise ordered
This, of course, becomes the duty of every
member, who is against renewing the charter or
against placing the monies, in the hands of the
Executive, without adequate control from the Re.
representatives. of the People. Let The removal of The
Dcposlies have been expedient or not-and we were
among those, who disapproved of the manner and
the time-yet we pleased TO see the Presi-
dent asking for the passage of the Bill. As Mr..
Forsyth says, he calls upon Congress to control the
powers which are given to the Executives call
which no other President hns yet nade-an orns-
sion, which no other Congress has been called upon
10 supply.
VIII the III. Of r. then sur over this Bill Thai
IS, VIII they restore and reacarer the Bank No;
Mr. Viron may be assured that he will fail in his
complicated object.-WilI they leave it to usage only
to designate the State Banks, instead of specially
designating them, by law, with full guards against
abuse? We triIstnor. But they will pass this Bill
And then the responsibility will upon the Senate
We car It's there. The Cabnl which reigns in
that body, is actuated by feelings which ought not TO
predominant ia the Senate oftbc u. s. The Bank has
too many friends there-Ambon has too many yo-
taries-Ihe common object of pulling down the Adj
tninlsraon, aud then sbarlng the spos, is strong
Some Of us members drfying tie instructions
of their own constltuents-and others are pItced Inv
the six years tenure Of office, TOO far ndependeni
of their Sfates.-We dread the effects of these
united considerations, upon tic fate of the Bill rs
we have already seen them too strongly marked i'm the
history Of this session. But If the Bill should be III
tnately rejected, then they will hive 10 account to
/ tie PcOple-By Whatever other motive they may
have been actiated, it will scarcely do for any OF
them 10 say; 81 am ngainst tie T. $. Bank, and yet
/ | voted against employing or own State Banks-I
! have lelt tic public money in your Presidents
hands, where zoe have all along commended it is ra-
her than guard It directly aud efficiently by this
! Bill. have left every thing at sea, according to
! my own showlDg-nnd il is for you TO determine
whether have done my duty by you and by the Con
sttutionP
] The Loan BW-The Albany Argus states, fbai Il MAY
not be necessary carry This Into ehect-th