Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-31
LEIGHTON
PROCEEDINGS IN ctMs eGlEin n Nc

cTING Iinn OI
Cumberland, the 81 day OF October 1891 tia, being
their Court day, notice publicly given ha, Com.
m,tlee would le formed for the purpose OF preparing sn
Address TO the People Of Cumberland, AID Letter
sru ons Allen Wilson. requiring hun to eive his vote
against H. W. Leigh, as Senator the u. Saies-Han
doiph Harrison called TO the h.ir 10y Major Fuqus
aud Samuel Iiobson appointed 5. creiary. Whcrrupon,
Col N P-nick, Cot jas. Isbel DIR. r. Henderson, JOS
jenkins Jnhu Holman, VIM. Montague, ir, Dr. H. Tally
SPENCE, brown' aud JOS F"pnaweie appointed Commit
tee ana asoth Secretary AID Chairman, motion,
added TO this Committee, Who after due OH the
occasion, made the following Report:
The Committee, to whom referred the subject OF in
sruc'irg Aleu- Wilson, Delegate elect nom Cumber.
isnd, beg l.ave TO report the following Address the
People oil the county, together wih the Resolutions aud
Letter oil Instructions appended:
ADDRESS.
FeiioD- CHizens In order 10 explain motives IL,
recommending the sui joined Resolution snl Letter OF In
.'rucuons, aud the p'opriey OF adopting them, ask
leave 70 give very bril- history the origin ami progress
the Bank OF the u States, and outline OF Legislative
action upon IL. We will nske concise as possible
hen the Constitution OF the United States was framed
IN l1SS. there was party, with Alexander Hamilton at
their head, who were OF opinion, that the people were
Capable oil governing themselves, aud that oug lat To
have monarchy Others were in favor OF President
ana Senate elected Tor lie: in other words Give mo
hareh' nu House OF Lords They were overrued, how
ever, and the present Constitution made and submit
ted TO the States la 1891, the Bank the United States
was chartered by the Efforts OF this patty, with Ha-
milton al their head; and by ls management, the value
OF gold WAS underraed Ivy act OF Congress- make
II an article OF profitable expectation, aud thereby give
greater currency TO the notes Of The u. $. Bank.
The Opposition ten srraJ ed sgains this Bank par
", who were then called Federslisis now sellnaned
Wings by the Republican party. (now called Tores!)
The Republicans, with Jefferson and NJ allison (lc Toes)
as iheir leader, wagcd an ntrrmnable political warfare
against this Bank and paryand in l79S the great baic
was fought bsIwecn t,e Republicans and the Federalss
men u was alter the passage OF the Alien and Selion
Law, Vhat olons and tyranicai OF John Adams Al
minis'raUon) that tile great aud good James Madison
penned the Resolutions OF '9S which will be handed
down To postrry the Textbook OF American Liberty
in these United States In 90 they were supported in the
Virginia legislature ty The same mAser- wOrkmsn--nn
imPeiisisble monuu' nj Of his lame The ended in the
complete overthrow OF the Federal party, and the expul
son OF John Adams from the Presidential chair The
death oil the Bank followed as consequence, at the
mina'on oil us charter IN 1911 The next year, the
WITH Giea Britain as declared. The expenses of this
together with the heavy burben of debt contracted dur
Ing the Res olulionaiy struggle, (amouni;ng to about
$iOO,OO0OOO) caused great embarrassment Govern
men' so " Jung and inexperienced in lnancieng. Aud
having been .crusomed 10 other fiscal agent than the
Bank OF the United StAies, in 1911 now charter was
voted 10y the TWO houses of Congress But President
alison refused his sanction In 1916 il was again voted
by the two House,. MIR. Madison gave way nolwh-
ssn"'ng his constitutional ohjecon and signed hill
rms unfortunate step had i,s effect upon the
party, AMI bio ghi many OF them into habit of view
ns il as necessary machine the financial opera.
lions OF HE Government The Bank, after this triumph
operated with less OF that saluta,y res rain, " brb
'"i heen imposed upon il by the contest during the
existence oil the iirst charter 1t now assumed holder
chsraerr aud a' gone ON since step 10y step. extending
tS niincnrc and rainPlng upon the tights and liberties
81 ne people; m at eng H., il has thrown oil the mask
puiSt all HE letters That wore inened 10 be fastened
Oh IT, by lis charter; isr gared ali lis wen
yer they stood in the way OF it's pecunary a
ambi ous design; bid defiance TO tie ,n
driven from IFS doors, with naughty contempt commit
tee, who went under the authority OF the House of Rcpre
sebtaves, with the charter in their hands ask the pr-
vileg", which secured them in the grant of in
speeding their books aud examining into their proce edngs
here was then nothing LETT Tor the committee to do but
10 go back ohose who sent them, and Tell the sad tale
her Impotence The acts OF aggression which prompted
the House OF Representatives send s committee ere
numerous The recital OF few OF them will be- sufficient
for purpose:
Of Inc RoarJ of "A
President OF the Bank, authority prepare and circulate
-hri documents ana paprrs AS may communicate 10 the
people Information IN regard 10 its operaions; and the
unlimited use oil The funds OF the Bank. (onc-Glll OF
which belongs 10 the people) for the employment of a.
many Editors a. lac may uk proper: Thus subsid zing
the press with our own money support the Bank agasi
the People Take example: We are informed Ly the
public prints (And believe the fact has not bscn die
ned That in the year 1881 an Editor cnnculcI bs a,
picalisn for $l5 00O thus " The time will come wien
we will requie the servcer" The sum was.pran,ed-
aud te tine did come. That paper, which lad been the
opponent OF the Bank, became its zeainus al, a
CONTINUES so to this dayAnd il il known, from Off ciA
documents that the Editors had eceve by way Of
accommodation and loaD from The IIank, S52 900 in all
Upon the eve OF The last Presidential election the Bank
increased s loans 2S 005 1866 in the short spsce of bir
teen months, viz from l., March, 1891 TO tie Il al
April 1892 Having failed in its effort to prevent ack.
sons election II reduced its loans $lS 666 s2 in The
space oil fourteen months, viz from Ist August 1891 ia
If October, 1884. 3D. CONTRARY TO the express provi.ions
OF us chater which requires Directors 10 10 business
me president OF The Bank appointed The Exchange Com.
mittee consisting Of three mefnbers-nspl hor Chair
man, with authority 10 loan M funds any amount, with
out reporting to the general board (s has been scknow-
iedged by TIE President upon his oath Aud he himself
has bCcu IN tile habit OF leudng large sums itour NV
board Al these are loans Of lsvoUrisn aud not being
reported, are rot sntert to the general curse bir
u levied 10y the Board Of Drcforsl The FIVE Dire r.
tors, appointed by the Pr deni and Senate 10
tint portion Of The stock. which belongs te peoplr re.
ported TO Congress at lis last seson hat ne,ilef OF
had oytf been pat upon ihe exchange ropnee and in
deed, hat the secret operations OF The Bank had besn
kept out OF their view For H. aud parts al their
report ~ which ih'y exposed tho conduct of the Bank
ey were called spies tic floor Of tie Senate and
turned out OF Office 10y dat holy, who rejected their no.
Mutation AndFso was The Secretary OF the TIessuty for
aking the public money Of the rusody ol The ank
short bcfe every sspect that tic nst,,,.
lion u corrupt 10 te and that bane poison s in
lnsed into ali aks Of citizens our hody polite
And What else could becx cctcd ON corporate comma
n.y. scatrd in The heart oi country beyond the fesr
OF ihe people; circulating even, hy the terms Of Ueir
charter. go 900 900 suonr ~ 900 nO0 a ptopi. All a.
and Tie safety of it, nnds shall prompt d. Eeioyine
The exclusive advantage II paying all tie revenues of lie
Union aud a dues 60 Tie Government in lie own nofee
50 hat " were 10 stop payment every collector OF ,e
public moneys would Zee Onmd receive ii. pronissov
notes 10 payment, I'LL Congress should meet pass re-
pedng law, sud pion'ugre w. 81. 10 hold real estate
TO receive rents IN any psf Of o Union IN spite NJ te
authority Of many, perhaps all Of fie Ststes brt Tor.
bids 0icignef 10 hold real rstse; aud under dis
TIE Bank o tis une 10 possession Oi lanIs lnis And
houses 10 M immense amount There. and many ofIef
privileges, are secured 10 this corporate company e
pllg VI tie public ii grant tie ike oficiisors n
no other company during its existence
Thus wo have seen, tat the paper restrictions irosed
npou The Bsnk by he charter like an acinpt 10 con
hac awless bull, With pair Of loading lines Our ise
aud patriotic Chief Msgistraic seeing All these niue.
nas ''ks" bn by ,he horns and msniully Rfepped viii