Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-11

a." VINO oppose The bank. Is not this giving Up tho
whole dispute! Is not fearful ground b, the BANK
and as true FEARFUL and presump,ios as true, Anv
cizen who will escape from the shackles Of The bank
place himself ia position look at it, as incon,estble
iacs really warrant and then bearkeD to the dictates of
ng"' nugmen'' may see enough toappal him. Such
e ehee, o. these cts upon me, who had formerly been
'he banks iiisnd, such their irresistible effect.
we hear OF the responsibility and purity of The drec-
tors, as guarantee against danger. wonder such an
Mey give into 1t. IL marks iorgelfulness OF all safe
principles in putlic affairs It marks orge,iuness we
may nope, oil The true character OF the American people,
~ Is IKE The banks plea OF sede/ence for going to war
win The government IL is sperious will not bear an
instsn's examination. II goes the cloud OF errer
tha seems TO have darkened all sides of This
when The country put its reprohaiion on the seduD law
was It's doom sveried by the peronsl characters Of those
ao,y out IL any higher claim TO be them, Than
Tor the Bayards the Ruledges the Harpers the Trseeys
the sedgwieks OF that day /! Lord North. who would
aiso as minister, scattered argeses all about him. as of
unbeinished rectitude well as eminent acconpsb
mems 10 private HE. Look at the present " hg asoc.
rdcy, VINO "Ieid The government OF Eng land How many
mem are OF exalted personal but would e, of
'' republic adopt their opinions and practices-,heir
pension iist-their church
their red book, and all else The argument requires
but to be stated, TO be exploded II not The UNDER
standings OF Peo lie accustomed to right msyms in go-
'erhmeh'' shouId not Tor close nou this,
or repfess their authorized indignation Itis yine from
Tue pomt TO exeaim that we dare charge the direc-
tors win wanting private honor or honesty. We
have no such charge 10 make. But we will make any
that duty requires should d. bic be dive red
Dy what seems designed TO carry
t"g rom The precise and only question. That question
is had The directors in their corpoi ate capacity power to
vote The corporate funds for the purposes mentioned in
heir resolutions; tie funds belonging part the
ton, and TO vote them without the least limitation!
pronounce il high handed abuse OF aurhorty without tho
slightest pretext OF right or .emhIance of ion
-'ui OF danger as wen as unawulness. | have
gwen my reasons The more carefully examine them the
more trace them up TO first elements the more force
DO ihey acquire IN my mind. The merit OF holiness the
oluons certainly have, and muck candor but n IN
he tolerated. TO be fleet at the will of the
Dank sns think The sources OF public liberty among u.s.
poisoned Tor ever That institution will become, that
sii'uon must become, the power in the state NO
demonstration in PHI, sics apolhegm in morals ever
Ieseu on foundations more immutahle than will this truth
III politics. And are an intelligent people, a people
wa'chiul over public liberty, be driven from Them
by dogmas and sophisms? Never: they viii exercse
their rights. longer than the bank exercise s usur-
paons AS another excuse is said that the
latter did not alter ALL succeed the last eecon as if
ths proves any thing than that fifty thousand dollars
were not enough! But who gay what million NAV
achieve on future OCCASIONS more f more be reoui
REQ me Undivided profits OF the Bank, its
TO pay "iIb' have sometimes been more than a million,
much more; the whole, OF which, by its own unwarrsnt.
able CLAIM " may expend upon the press, besides its
other means OF influenced
Gentlemen, must hope for your excuse in maL,o an
not called Tor, admit, by your resolutions but
potion oil my fellow countrymen in Vermont | am adj
dressing myself You have, in that State, large il not
preuoninahng number OF citizens whom hold in the
highest respect from the knowledge have had OF others
here, entertaining the principles mean anti
nasons The belief they had. which shared with them
press, was among the primary inducements their po-
hucal association. Nov, l declare, on The fullest at
ienon have been able TO give both subjects, that
L MINK The Bank, under the tenets il avows, foe
more dangerous TO the press than the lodges o! tho
whole Union put together. If the coassoeiates of The
former its central head and five and twenty ont posts
be not connected by oabs they more than make ND
Tor This, by money; agent steady, more active
more efficient by far when the supply abundant.
any other conceivable agency, in Withdrawing presses
on their independence. The machinery of this money!
cd institution, over The great space that sweeps may be
moved 10y equal unity OF impulse and design, and with
ten fold power. leave this topic, resoTed 10 Simply for
this ustra ion. and with it, leave this branch of your in
quiry.
II do not go into further reasons for not re charernr
the bank, than those given by yourselves, as 1 have
brought them under review il because deem these
enough think that there Others and decided ones
furnished by lis own manifesto Alike clear am l. that
The treatment OF the government dis ectos made known
IN their memorial is destructive OF fundamental obi
Tue charter III 20 no. enter upon development Of
tins asserton, II is not that il would in my Judgment
bear u, and strong one; but because would overload
my letter, and may this day be dispensed with Bot
cannot avoid passing allusion TO that vital error in the
bank, springing iom the spirit OF usurpaton have aimed
at unfolding, which would view the government directors
~ no other light than the ordinary directors repre-
sent the pecuniary interest Of the stockholders So
thought not IN Statesmen best fitted TO instruct ne on the
pc NJ; the Hamions, the Dsllases the Madisons So
would not have thought the bank the DAYS of lis origin
or weakness. Nor would its defenders in those dave
have yentured 10 term The representatives. Of the collec-
i've people OF the Union at its board of direction spes
for doing what has lately earned This title Their phrase
ology would have been more guarded
IL How for the bank has caused the pressure In Tho
money markeis question not resting grounds so pal
pable rs tie one have been considering Perhaps ii is
premature to attempt any TO il al present the
House Representatives having by its late resolution,
charged the committee of investigation 10 ascertain il this
can be done, whether the bank "Ias had any agency
through lis management money, IN producing the ex.
Sine pressure The incipeni port OF thai committee
It's mission unexpectedly terminated, its object contuma-
ciously bafiied, is before the nafion. There I
lea II Tor consideration. II an image Of the true
majesty OF the nation is any where be seem il il
where lie assembled Representatives. sit To them I
leave The high duty OF passing upon the Report :
OF vndicaiing heir own and the nations auhory their
own and HE ma ions dignity, they may think each has
been newly innged. Nor have ~ hand the latest stste.
mems ifoH The bank. On this account also, am less
able 70 meet your second inquiry. The removal of the
deposes was Dobieg than Transferring the money
of The Government from the Bank OF the Uni ed States
aud Tie branches, where it had been kept before TO State
Banks where 1t is 10 be kept u future The country was
not deprived Of single bank note. a single silver
dollar, by Ills step In point Of fact, IL fell out, from
The stale OF foreign exchange that silver dollars were
imported Of about 'his epoch that Of hard money
bed more, within few months after the deposites
were removed, and OF paper money less 1t
seems difficult ri hrs 10 believe, under This state OF things
bring about, l1fkng here. On the suppos ion OF
such pan, uolhing easier than s accomplishment by
those working the money springs Of he country.
have before me, letter recently received from Lon.
don correspondent, perfectly acquainted with the operation
OF the stock snd money markets Of tat great world In
the OF IT, lie remarks upon he swondefuly small
amount Of capital withdrawn added, that will be su
ccn 10 make money plenty oil country"
give lis words, and they W q have the alio
better informed capable Of Judging, that IT mo-
meuf al tWpeuding ecarrify in our couufrv In I925