Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-14

cease there win be no more creditors TO pay. 2 "Ts
transfer the public moneys" That viii be o,hny: for
alter the Payment OF the putc debt We shall have no mo-
ncys u usiser Tue twelve millions OF dolAfs which are
no" transferred annually 10 the Norhca 20 psv IA, pub
nc cediors will ben in the of HE peone
anu The reduced expenditures Of the Government will
made where the money is collected The amy spd tho
navy alter The extinction oil the debt will be the chief OBJ
lees Of expenditure aud they wi eque the money Ell
'ne ohuets' convenient 10 the lana Offices, he
ses-eoard convenient TO the Gu tou- Thus will
u"nse,s OF revenue become unnecessary. ITO nuke
sV"'s 20 We fede!M C0ceTHneAf." That IL NOTHING.
Tor the Federal Governnen will " ant no loans in inns %,
peace not OF ia own deposites and The prospec
OF war rather too DISSENT present. 10 make new a,ns
on Mat account. L. 10 paV the Pensioners, rb.,
- something now admit. When the pensioners s,e snl
,'oVo, anu he PAL meats exceed million per snuuu
But what will il be after 1896, When the hand of dealt,
aud the scye OF time, shall have committed i've wear.
more oil ra,age in their sene ranks The mass of these
hcrolcsi monuments are tie Of the Revolution They
are Tar suvanced upon haisllegorcs bridge beautiful
~ described In the vision Of Mira They have p,.sed
INC seventy arches which sound and entire, and arc
nov itesdng the broken ones where the bride. 1,
u'l oil holes and tire clouds and darkness setting i'm
every step some suinbes and falls through and is
lost IN the benea h. la few stems NOR, IA, H.,
viii be Surely cannot be necessary 10 kes, mn
Tor TWEEN years. the establishment of the Federal
ank TO pay the brief .iipends of these ee,ue shadows
give 'hcn--and 10 il for tue iine time that ren,ins
WIN no other regret than that the grateful task is 10
cease so soon To regulate. The CURRENCY I an
sWer; The Joint resolu ion OF 1916 win do that and will
enec The regulation without destroying on one hand and
without rang M new power, above regulation on the
other Besjes there Is mistake in this pbrase cur.
Tency The word in the Constitution is COIN IL /. the
vaue oil coin which Congress Is TO regulate and 10 in.
eiude bank notes under that term is 10 assume mover
no VI eonsuuctou-for no construction DO Wild and
boundless enough TO con that is to saw metallic
money melted cast aud stamped, Into paper notes Print.
co ad written but IL is 10 ASSUME pow er OF life and
death over the Constitutions pow CIR 10 etbrone and nm
aer one OF its true and lawful words, and up ba..
fu p.siender ini's place invoke the spirit Of America
upon The daring atempi g. sT'o equaiize frchnnres
ana sen 6s Of exchange for the ha of one per cent
ms Is brokers argument veiy fit and proper deter
mine question OF brokerage; but very Insufficient 10
de'ermine question oil great national policy of State
fgh's oil constitutional difficulty OF gTevous taxation
sna o, puehc aud private subjugaiion 10 tho beck
snI noi oil great moneyed oligarchy. 4. 81 bonus of
milton and a half If dollars" This Mr. PnEsrDrYr.
ESau view OF the subject very seductive view 10 an
improvement young man, who is willing give I'D the re-
manner OF ms HE TO chains and poverty, provided he
De olsced Tor The present with nome ntry and Insight
meant gtathcaiion. But what is il the United Staes?
10 ihe United States OF 1886! without shilling OF debt
spd mainy occupied with the reduction OF taxed S,ili
b's 00hus The only considers that can now be of.
ered aud surely ii Is the last one that ought to be accept
CO. We DO not want the money; and, ii We did, the re-
course 10 bonus would be the most execrahie form in
which we could raise it, What is bonus? Why in mo.
nachles Is price paid 10 the King Tor tho privilege
OF e1oftins money out OF his subjects: with us il i.
price paid to ourselves for the privilege of extone mo-
hey out oil ourselves The OF IL the worse for il
s mas 10 DO paid back TO the extoroners with great
interest upon IT, Ii is related by the English historian
oLAFtNpoN' who canuot be suspected OF oyerstaung
any sct 10 the prejudice of the Stuart Kings, that Tor
tooU advanced TO Charles the FIRST in bonuses no Ie.,
nah zoouOo were extor,ed FROM his subjects being at
the rate Of &l33 taken from the subject for CT advanced
10 the King What the Bank OF the United St,es Lii
have made out Of the People oil the United States. in
twenty years in return for its bonus Of 500 coo dollar.
(Which must repeat has been advanced TO va cut of orr
own money! has been shown 10 be about x,y.six mil.
hons OF dollars. What would make In t. ne ~ 90 rcar.
when secure possession OF the charter shoud free
"e INSTITUTION rom every restraint, and leave at full L.
perry 10 pursue the money goods lsnds OF the Peone
IN every direction, cannot be asceaned Eoough can be
ascerained, however show that il must be inlineiv he.
yond whatu has been There are some data unon which
some partial aud imperfect calculations can be
us assay them. Ia tie rs place the rise of lilo ,o.L
winch cannot be es than that of the Bank Of England
IN rs tlanrishng days, probably more all Enron. ia
now seeking investments here may $50 per cent
OF 100 aoove par Ihs upon capital OF 35 millions would
give profit OF 500 coo; very pretty sum TO he La
ed by operation oi iswto be added 10 the fortunes of
some 'nuSiuuAs ,hsns as wsI as citizens, by the
passage OF an act oil Congress- In the place Tie re-
gAr dividends, assuming them equal those OF lie Bans
oil hngsnd in It's meridian would be per reu per an
mum his would eve So 500 900 Tor annual dividend:
and $40 COO or the aggregate OF twenty years I'm
e tiid place the direct expenses institution now
less than i0O 0O0 per annuni would under te AMI
magnihcent expansion which The operations of te Rant
would take, probably exceed hsa million per anoum saw
Sio,0OO.OoO Tor the whole eiia. Putting these three
Hens together which as far data hand will eua
bic us to calculate, and have I22 500 600 of oro6.
maio oui OF the People, equal tax Of Sc coo 600 mel
snnam no@ mvrh more may follow, WHOLLY unascer-
aiAsne AMI would depend upon the moderatcn the irs
nee the clemeney, the mercy, and orbearancs of the
supreme Central Directory, who, sitting eir tripods
ana shaking ihclr Nident, the uoneyed ocean are
able 20 raise, and repres the COLLEEN waves AZ ntasurs
Who being chief purchasers of real estate NAV lat. ~
towns and cities aud The hole country round Al one fell
swoor; who, being sole lenders OF Inoeey NAV take
nsuy not only at 10, but u 400 per ccnt-wIo heinz
masters Of all her bank, and OF the Federal Govern
nen' se'i, may compel these tributary estabme nts N
ransom their sef'i!e evidences with the heavy and re
Peaied eAaeions OF Agcriue cupdiy The gains of such
an institution defy calculation There il no exsnofe
on earn 10 which TO compare it, The Bank Of Eng
land ~ s pfoudest days would afford but On
and imperfect eXempsr; Tor the power OF that Bank WA
coun'epoise aud liz exscions limited, by the esh of
NJ
merchants and private bankers. But with us there ,qaui
be no oounterpose limit boundary 10 the extent Of
ex@ctcns All would de upon the viii Of the Snntoone
Cthu| Dfee ory The nearest approach tle value OF
mIs 'eIIihc shock, which my reading has surgesioS
~ou' be iound IN Tie history Of the famous South Sea
company oil The last century; whose shares rose a leans
from 100 to 800 and from 500 10 1000 per cents but wild,
BUDBLE! his pEALITxl-And nho would no ibe
owners OF dis imperial s'ocki Widows and ornbops tnL
yon! as Internationally set forth IN ,e report Of Lat seson
NO, SIR! few great capitalist; Aliens dcuzcns nat,r,
nled SUBJECTS, aud some native ciizens, already the
richest Of Tie land; and, who would avail themselves NJ
heIf intelligence, aud their TO buy out the small
sloekhojrfs on The eve OF the These would e
me owners Ana where would all is power and rnonsy
centre In Tie great cities Of the Northeast Which have
been Tor ofiy yeaf, and hat by force of federal eesia
uor ibs Lone den OF Southern and Western money.
That den into which al the tracks point inv srdo. ,o,
nhch TOE returning track 81 solitary dollar has never vol
Oech seem Ana ihe Is the institution Tor Which tepev
en- tNt'ence is sonGh-or which. The votes Of tho Pee
pes Nepfefentafes,sfe claimed But no. impossible
" cannot De The Bank il done. The arguments Of
1916 viii % longer apply Times have cl.nord oup I
policy OF the Republic changes with The times The war
made tue Bank peace will Unnske IT, The baeI pl.ne
Oi IRE, aud blood and every human wo d3 LriDs, ,,