Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-06-20

ed II fots itself into the power, and privileges OF an
suon incorporated by State suthoriy, aud sustained by
State policy With its enormous capital. aud numerous
branches sustained in artificial credit by the
aud not the specie redemption OF the mother bank
fuence pcnerses every village town. and county,
extensive Union reducing at will the wages OF sbour and
the profits OF capital sxcog reckless only
to beggsr and bankrupt the community.
We have this tuition thw ing the operation.
oil government in the sHr OF the claim France. and
demanding the damage Of Is l-3 pei the protest
Of the draft, when We hada amoun, in its Golfers
than that OF the whole claim on that Nation. In the 8
per cent affair." have seen IL beg indulgence, and
sncceeui IN rosponing the payment ci portion OF
tIons debt when there Than nil ions OF do
lars oil public uoDsy in its sseson liable Tor the redrmp
lion oil The per cent stock. thus proving To its foreign
stockholders It's the of the Uni ed
States 10 al is struggles Tor rr-chsrer, has expend
su considerable portion Of public mouey IN purchasing
the falsehooss OF protuted icenous press, whose
columns have eemed With virulent abuse against the chief
magistrate OF this country, and The party which
elected him 10 office. Amd the coarse and unblu shing
alsehoods which circulated by the Bank. lar and
vide IN pamphlet printed at Phadrpb i'm September
1882, aud entitled "nportsnt Facts for the People, we
Ind the President OF the United States addressed by the
rudest titles, and openly charged with ursgng bues
10 inest the Halls Of Congress- 10 the Legislation
OF the couniry-wble this low pamphlet seriously tells
the People tta"e individuals ,rbo haze most po,oer
ia Tdshingson aud tchO make this niserobe old
40 Just as they please set Of mere political gam
oilers and bdmkrtipfs"
IL has closed It's books the examination of commit
mittee oil Congress authorised by the provisions OF its
charter ami the laws Of the land and has inundated the
country with JT0nked public documents OF ex.parte
speeches IL has boldly avowed its right to oppose the
conbihed action OF Congress and the of the Presi
dent which refused 10 extend its charter. In every Of
It's history II has sbewn utter contempt tor the simple
honesty oi truth, and has abored its power by
every means which can excite The interest," awaken tue
fears sara the creduity OF the country Previous to
the las, Presidential election, IL scattered with liberal
nd, its accommodations 10 every village aud Ia the
Union, its loans IN l6 months from the 3ist OF
December 1929 TO May l. 1882 from ~ millions OF dol
lars TO than 10 millions OF dollars. Inflated Ken.
Tennessee n loan
which increased in than three millions
doars The democracy OF the land stood uncorrupt-
ed by its go mistaken by the OF sophisir
aud again called to the Presidential chair that whose
parity and rmness Of character had reflected honor
the principles OF republicauism. a engine OF
rup,cn the last resort Of the Bank The panic
gathering fearful and accelerated velocity from OPP
pressye curtmens aud excited by the false alarms OF
abandoned press.
In this eor, increase public Distress aided by
singular combination OF foriuous circumstances The
great overirading in 1881 and 1882 which proce
the excessive accommodations OF the Bsukthe failure Of
the sugar cropihe depreciation OF the foreign price of
cotton--the stagnaon OF trade which was Produced by
the choleaand the exacton Of cash duties imporis
iions-al consPIred to produce degree OF unexsmped
distress in the opeI atons oi trade aud enterprise Ii
the duty the INK have restrained the credit OF
the country TO tina, healthy action which suited it,
wants and capacities IL sought continuance Of power
from the distress which created, and offered peace only
TO submission
The panic produced the effect for which was made
Our elections afford convincing evidence of the
strength of this new agent The wealth Of the couniry
and the influence Of the TOW conspiTed ex,i,e tie
agitation and distress which pervaded the land while the
fearful cry Of ruin, which proceeded from the Halls
Congress- re-echoed FAR and wide. On the irreie
question of the removal Of The Deposes, the oppo
s'ion armed with the panic making power, in
many instances in gaining the doubtful, and confirming
the hesiiaiing. censure OF this single deed
sirued by il approval OF the Of the Bank
under the error (as many then beeve) OF this act il
ceeded in organizing a determined hostility to The whole
policy and spirit OF Gen Jackson's administration.
This panic has yielded to the slow yet steady progress
Of truth, and trade has resumed its wonied activity; the
81
shen the force OF its machinery in ugiisng the
community, Gripping the action oil representative Co
vernmenl, and opposing the majesty OF The laws The
great preseryave OF our Tree principles, is system OF
restraint dangerous powers, aud all the Of
iiulonal and legal government clearly prove The
wisdom OF this policy. The people made this Bank aud
gave IL alike the and eountenance oil the United
States They can correct the abuses aud guard the
rights from the encroachnens OF any other depart
men, bu, this institution claims in'nuniie. insult
ing the common principles OF republic auism. and
absurd than the FOLLY Of divine light. II has
measured lis strength with the peoples President.
Ia its oppression tyranncA-in its patriotism, selfish
in its action, independent OF truth aud
tanned by avarice and appealing for support the
passions Of human nature, il has bid bold defiance the
spirit and form OF our free Government. Grant il re-
charter, and obtains ieesimple oil pepetuy. Its
sumed privilege OF expeniug the public money in subj
disiDg the press and its dark catalogue and usurp
alton will be necessarily confirmed by its re charter 4,
will then have its Preside its Congress- aud its People
aud while foreign stockholders shall regulate the curren.
cy Of the country, Government may yet be forced 10
Yet we are soiemny urged TO tolerate this Bank be-
il control the trade and prise Of coun
try! We told 10 receive its false boods truth and
20 trembie at The bidcen resources of this mighty nstu
ton! Suppressng legal examination OF its stalls and
nundang the country with wilfu nfafions il
Iabors gull the people simpietons drive IN
cattle Are we 10 cit with folded, aud carel,s
Of the lights of history, prncipe and experience baseIy
yield the bold and Hnbusbing niTigues oil horde
selfish and irresponsible brokers, Are we TO witness in
silence the pensional activity OF that great lever of truth
aud error, The press-its control OF clecons-and that
oversadowing power, beneath whose Influence democ-
rsry snks aud freedom dies MOI Every feeling OF
pride aud justice, repes the degrading n.inuaio
We ndepeDdent-and sustained by PATRIOTISM, we
dare TO oppose its exiseHce and 10 risk all in defence
Of liberties against its unballowed attacks.
We have before The path Of duty, tho there is
much 10 innidate and hwart from its pursuit we
cherish abiding confidence that the people ore still on
the side OF democracy aud freedom We see already
work powerful reaction in favor of The present adj
minsiraon in its opposition TO the BankWe have been
in the midst OF revolutions aud Truth has bee happily
preserv ed from the ruin which threatened We have
been tainted with opprohrious an Insulting epiihois-
Gen. Jackson has been called su and despo and the
Bank an innocen and suffering yictimTo support him
the fearless discharge Of bis duty The people the part
slave aud sycOphaD-To find fault with all and eve.
~ of his administration is held be the part Of honor
and trutb-Whe 10 sustain the admins ion OF our
country against this corporation OF domestic and foreign
srsocracy, is sefyile aud degrading.
Its the part of good citizen lend helping hand 10
Government when honestly administered; condemn
with canour all IFS iauls; aud approve with confidence
all its viriuesio place lair reliance The legitimate
with hate ali their actions To The demagogue this
flence tells only Of slavery and submission fIis moral
deinsnJs individual advancement the wages Of
patriotism.