Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-23

The Raak in
po'ucsi instrument, there has been wsged against II
the most ssng hostility, no where has the bubble
press since that period been vehement i'm lie
Siatons OF the srstocratc "monser AZ has been
tusIly called than la this State. The declared opoions Of
the General Assembly have often referred that
even many members Of this House we're persu.Jsd m
the present Bank had been declared nv
resolutions soiemnly adopted by this body.
inns question 10 important. because presidents have
wonueu nnuence over the minds Of mem at least Sir
OAR o:en Precedenfs have. Solemn legislative acts an
aud sanctioned by every President OF the United
st'uonal by the enlightened judicial tribunal In the
world, aud fortified by the appreciation of an
majority OF the people, are all to pass Tor nothing; but sn
Isolated resolution adopted twenty years on in
This body to bind the conscences and the iugnsu,. NJ
elr successors Ia Office forever That held 1p ss The
ruc standard oil republican orthodoxy, aud he who
sdamned Sir. tst proceed. MT were now In force shoIJ
respectful just 80 lar the upon which n IN iou
@ the assent Of my ,nnd and no farther
" the trouble oil resisting the force OF this sun.
Poseu authority against appeal the decision of ,h
Legislature OF lSil their In office from, ,i.,
Peo. 70 the present day, any Assembly of whom .
Just the same right with themselves to rxpound s Con-
,on Of the United States: aud again repeat that the
o. .: subject proves with the
":rA"on' uat virginia did abandon her
ocjec!ons so lar as the General Assembly was concern
60. i" 1911 the question Of -chateng the old Bank
peSdins in Congress; Virgins being then
,n the Senate OF the United States, by VIM n f:;Is .I
fsichard Brent. The preamble to the resoioo. ,.,.
.s, our , 20 vote against the charter recites
s"' "e aueWpC was viewed "with tlls ,,ost .,o,,,
concern Both the Senators denied The rh, 81 ; ssou'
aos GILES made an ingenious and plausible argument for
MAD in oho
s''ce to his Instructions Brent made an .bs. .rs, =;
avor OF the uohaly aud expe.ency of be RAM
so!ea Tor Its re-eharer. in open defiance OF his orders
81 me Legislature reprinanied their Senators for
their dsobedence but before the ink with which - w
written. was fairly dry, Mr. Dallas then Secretary of the
treasury. came forward will, distinct propos;,ion -,
incorporate national bank, with capital of v u,iIon.
Of dollars bill passed in the Senate by vote of
20 , 49, ana ~ the House by vote Of 100 TO 81 At
vic "ne VI us hnai passage through the Senate Virginia
was represented by James Barbour (yho AZ S,s.tsr 81
Me nou'e OF Delegates. in 1911. had signed the rsso
and Armstead T. Mason. both Of whom voted s~ain., ~
me sen'ineis In the Legislature during all tits time
Az Ms.a,, Not whisper Of dsapproba,on heard
tu,ioual objeciion.t w eo"'"'
But may be answered, that this bill passed under IL.
pressure OF the necessity produced by the war in which
!ne nation was engaged This osclion mus. fail: for in
.n, year after the had ceased. Presi-
T d au'soh himself brought the subject Of National
Bank again to the attention OF Congress in his Annual
Message e.. new bill passed through the Senate, by
so!e OF ~ 10 IL and the House Of REPRESENTATIVE Nv
vote oil 81 to 81. and was approved bv The PresJ.;;
mus was the present bank the same Sens
'o's rom virginia again voting in favor aud the Legs
AZURE WIN perfect ledge Of all the facts remain
ca as client as death Nay, more sr-James B,rbo.r i
nus place. on the floor Of the Senate that s.p,b
from euerv mart o ,S s"aoiy aud distinctly expressed
the executive authority, in favor of the I
no remained uneonradcted by hose who in 1911
u viewed the attempt 10 charter the old bank ..,vi,h
serious alarm From that day to the present time ,h
sever mas been on the part OF the General Assembly the
"aps }" .. solitary opinion against the
po9r VI congress 10 incorporate NAonal Bank so far
Know, aud II there has been any such ernre,.on .,
OPINION 's, the menber from Spoyvania produce The
record lie has affirmed fact In his re solution svh;.
ae"y' anu the burhen OF proof rests OH him.
90 not charge political inconsistency ,pon those who
conf, ~ .he transactions OF that period On the
-. ~ ree'y admit that was honest change of
1pnon anu they had the candor avow il by their
pue' ne practical experience of the five years which
.aPseu oeween 1911 and 1876 had dissipated their
heories aud demonstrated the fact which Mr. Jea.rson
81 Nv y, mad denied in l79inamely that Bank
in the rs Is was necessary and proper
VIC ae sense OF The Constitution, of enabling the go
ers.t r'J s'""'eo pow
There has been another assertion freouen,Iv made in
e'a'ion 70 tins Bank, which is without any foundation in
800; anu w"ich mas created prejudice against il in Vir.
ose knew paI hsss sn ind
The organs OF the Republican party by whose votes il was
es'aGsned 1t was ably advocated by Crawford. GalA
same political creed and finally approved by Mr. Madison
The vote IN the House OF Representatives on the final
,Aon OF the charge. New England gave thirteen votes
ior aud twenty 'one against 1.-THE Middle States twenty.
Two votes Tor, and twenty four against it--whe the
southern States and Ohio Kentucky and Tenne gave
iorty -iour votes Tor, and twenty six against il.
leave the House TO judge from these ndeniabe facts
how much oil rnth justice there is In the Glamour about
party which has prejudiced minds Of men against the
exercise by Congress, Of the power Of ang
National Bank In fact, sir il there two Pc
great public less Influenced by party spirit
'nan al any others, they precisely those which the
VIZ D""a anu the existing Bank were established. In |
i9 parties as they afterwards formed had exsence
snu IN 1870 they made truce between themselves a
Ter lhe war with the common enemy
~ any TACT was ever demonstrated by experience IT,
mat Bank is an agent necessary and proper enable
the Government Of the United States carry into execu
'ion ITS expressly granted powers, aud that Bank a
peans has natural relation TO the end which the govern
Inen may lawfully attain. This has been conceded by
every administration since the adoption of the Consiiu
iIon and by none more fully and empatcay than the pre-
cent The President has avowed his hostility only the
Bank OF the United s. but the whole system banking;
yet, at the very instant of Withdrawing the Depostes
from The vaults Of the United States Bank he was COM
Peiicd ny Tie orce OF circumstances too mperous
controlled, to select other Banks fiscal agents Of the
Treasury, and thus tacy 10 admit, that the
over winch lie presdes dependent for the exercise Of its
legitimate powers, upon agents which il CONTROL
and whose services it command Ii he could com.
mand their services and control them will, system
more fatal to the "reedom Of the press and the "morais
Of me people,, could scarcely be conceived, uniets in
deed II be the notable and economical scheme Of "Na-
uonal Bank, founded upon the credit Of the Cove
aud IFS resources, the expenses Of which, paid
ny The profits arising from the purchase Of Bills OF Ex
changes or in other words, by converting its officers
stock jobbers and shavers We have seen sre ady SIR
how THIS new system is TO operate and what is expect
ed at the hands of those who have been msde the reel.
pIents OF the peoples money in defiance of the peoples
laws The Secretary Of the Treasury told the President
oil the Bank OF Virginia, that the deposifes would enable
them TO Afford increased facilities to the commercial and
other classes OF the community, and the department
hcipdfed from them the adoption Of such course
speeding their accommodations would prove acceptable
10 the people aud safe to The government This command
oil the Presidents suiaiten Tor such il designed
be- was treated by The stockholders of that institution In
the mode II richly mered and entities them TO the thanks
of the whole community Thew ans cred him prompt