Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-05-20
Mckuaniesf

at the modern designations, SO modestly applied by
the friends of the Bank:
% s c h , Bank . ., tho G"sS . ss,
s' ~, s
amount Of IL 1: hSa the bank and Tho & o il. ,pee
the mouth piece. and ofhe hank sxcseas
agents, brokers' Il. debtor. who pay
.ad 'Spposs The ",s. o. that
."s & clay b.: % II. % Sy
q. Il calls .s .y the old Bank aiming to deceive tho
MIR. Clay is now absurd enough to call this po,cer-
FL Institution of 80 millions the "Hhig Bank %
But wllat did this Wing argue in 1871 against
the old Bank of only 10 millions?
al felt myself bound, by the drfyng manner OF the
arguments advanced in support Of THE renewal obey The
paramount DUTIES OWE TO MY COUNTRY ITs
avert the passage OF what appears 10 me UN-
JUsrIrIABLE LAW"
" The po,cer charter companies is not specified in
me grant, and contend IS V nature not transferable
6y mere Implication Ii Is Of the eraifed affr
bufes Of sovereignty In the exercise OF this GIGANTIC
POWER, have seen an East India Company created
which, has carried dismay desoaon and DEATH through.
out one OF the largest portions Of the inhabited wod-A
company ,chieh is, ia ITSELF sopereignfy-which has
sun'ered empires, and set up dynastesanj has
only male war, but war against its legitimate sovereign.
hat Is corporation, such as the bill contempistes!
" Is SPLENDID ASSOCIATION OF FAVORED IHDivI-
pUALs taken from the mass OF society aud vested with
exemptions an shrroun led by mmuuitics aud privileges
IVY here Ia the limitation upon this power up cor
porsIi,-! You establish in the heart OF Stale the
basis oil whose capital is money You may erect others
whose capital shall consist OF land slaves estates
and thus the tchoe property cifhin the jurisdiction of
STATE might DC absorbed by these political bodies The
existing bank contends that il beyond the powers OF the
State totsx it, and This prer nson be wei founded il Is
IN 'ne power oil Congress by chsrt-rng companies dry
up all the sources OF the State revenue"
"Ihs doctrine OF precedents, applied the Leeisla.
lure. appears 10 me 10 be frsugh, with the most mis-
chierous consequences. The great advantage OF our
sys EN- OF government all others, IT, that we have
written Constitution defining its limits, and pre sc ribing
It's authorities; and that however, Tor time, faction
mn he .,YIf,.
dice sway its fuDc oares the season Of reflection will
recur, when calmly reracng their Deeds all aberra.
mons from fundamental principles will be corrected. But
once substitute practice for the Constitutions aud in rain
shall 're look for the instrument Itself! II will he as
d.Gmsed and intangible he pretended Constitution
of Engidnd."
'.The power of nation is said TO consist in the
sword and purse. Perhaps, last all pocer resooea
ole INTO that Of The purse for toifh IL you may com,
mana almost every thing else. The specie circulation o.
the United States, Is estimated by cAcuatos
millions OF dollsrs, aud il he more one noiey il i'm
the vaults oil this bank May not the time arrive when
me oil such vast portion OF the circulating
medium oil the country in the hands OF any
will be dangerous 10 our iberties7 BY whom is this
immenc power welded! BY body no. la deroe alton
OF The great principle OF all institutions responsibility
TO the people is anenabe only to lew stockholders aud
they chicfiy foreigners"
IL has often been stated and although do not know
that II Is susceptible Of strict proof believe il 10 be
aci that this bank exercised is influence support OF
Jays treaty. aud may not have contributed blunt the
public sentiment para,ze the efforts Of this nation
against British aggr ss oa'
But, most wonderful mefamorphosis! equal at
least, the conversion of Hartford Convention
lists Into Whgs.-Mr. Clay now calls Bank, three
and II half times more gigantic, dangerous and we
believe corrupt, than the old Bank, a"Whig Bank rs
Another Northern paper carries out this modern
designation of Wings and Tories, into the following
applications
MI Clay awhe Mr.. Webster whig his
,s,hes was ono; Mr. .nhenn is wng me's MeDufe PIes,On
iyh iss aud F'S eli are ws ce David csek
ory Tory; old Nat asssn o'y ' Gos
.yh DIayon and Lansdoa Cheye' Tories and Mr. Jefferson
n %" esp ME- M G's
S Inc Mew fSs and Dwight Of The Daily Adyoe
tod States have adopted the Of the the
THE BANK OF THE UNITED STATES.
The opposition to the Bunk must increase with
the experience, which is furnished Of its influence
and lis abuses.-Tbe more we feel its power, the
more we ought to fear it. An engine which can
shock whole continent, and defy the people them
selves, and their constituted authorities 10 put il
down, is as dangerous 10 The Liberties of Rrpub-
lie, as il is incompatible with the express provisions
of The Constitution. If the public distress makes il
more difficult TO put it down, the power of produce
ing the distress shows the absolute necessity of do
ing so. We cannot be safe so long as such an enc
my remains in the very citadel of our Republic.
Its abuses furnish another irresistible reason for its
suppression. These abuses have become so gross
that the Bank is now obliged to fly'to the extreme
abuse of refusing to lay open its proceedings TO the
Committee ofthe III. of R.It thus violates It's char
ter-and shows to what audacious lengths tile Bank
is prepared to go, 10 screen the of It's friends
and the abuses of its own officers
The COMMITTEES were expected to make their Re-
port yesterday-but in the absence of other infor-
NATION, we lay the statement of the Albany Argus
before our readers. IL this be true, what are we 10
think Of the conduct of the Bank? The Committee
had right to ask for the Correspondence of the
members Of Congress. They were instructed by
the resolutions, under which they are appointed "to
visit the principal Bank, ony of its Branches for
{" the purpose of inspecting the books, correspond
encs accounts, aud other papers connected with its
" management or business" In acting upon this
resolution, they have pursued the same principle on
which the former Committee of Investigation acted.
Ii looked into the accounts of members of Con-
gress, Editors, &c. The Bank then assented. II
thus gave its own meaning TO the words of the char
ter-and why does il now change its key, and re-
fuse the Investigation? The thing is most suspi-
cous the face Of il. It's "deeds are dark" and
strives to hide them; and is this the Institutions
which free and enlightened People will consent TO
abide and rule among them? We copy some views
upon this subject from the last New York Evening
Post. They strikingiy exprcssed-and in the
proper spirit of Indignation:
Day alter day, anu every day, receive demon
s,raons that the contest going OF, one between
concentrated money power, and the constituted authorities
OF the People OF The Unedl States. Not coniehted with
openly aud wilfuy violating sod ranscendng s charter
ed privileges, aud setting itself up the interpreter Of
the constitution and laws wi opposing the
exercise Of constitutional power vested IN the President
OF the Lnied >tstesj not content with cofupDg he
With the very money belonging to the Saie aud oppree
ring the People by the exercise OF sriul system Of y
rsnny, il has at lergh openly placed i6e in attitude