Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-01

years experience, sanctioned by all successive Admins
trstons aud by Congress all mes, aud called for.
verify believe, at this very moment by majoiity OF
the people, hat ground do resist the remedy OF
aonal Bank IL is painful. sir, most painful, to al
Jude to the extraordinary position OF the ercnt branch
es Il the Government hu, is necessary to aude TO it,
This House has passed bill for charter tn.
present Bank the other House has also passed it, hut II
has been nsgau~ed by the President; aud IL is under
stool th s'roug eAist with the Executive 10
any Bank, Incorporated be incorporated by Con-
gress
Sir, think tho country calls, aud Ia. rpht to call on
me Executive, to consider these If they do
exist Pereinptory objections all Banks created by
congress, have not yet bees formally announced. hope
'ney WIZ not be- think the country calls tor revision
oi any Opinions which may have been formed this
YER anu demands in its own namc aud Tor the sake OF!
We suuet'ng people, that one mars opinion how
elevated may not stand against the general Judgment,
No man, in this county, should say ia 4io,. to sub
iect oil such immense interest," that my will shall stand Tor
law.
itdocs not become any man, in like this 10
stand proudly Oh his opinion, whole rouny
sh not believe, until shall be proved thai the
cntive viii so stand. Tie has, himself more Than once
recommended the subject the consideration OF The pco
Pe SUBJECT to be discussed, and decided
hnd me puohc will. manifested through its regular
ors"n' the Houses Of Congress shall demand char.
"r' 'or longer or shorter time, With notifications
remove reasonable and even plausible objections am moi
prepared 10 believe that the OF the Houses Thus
acting In conformity 10 the known will OF the people,
meet FIAT negative. shall credit hat III see H.
certainly shall propose, ere long, il no CHANGE or M
other acceptable proposition be made TO make the
AS see no other prac ca mole OF relief am Tor putting
W "o 'os' iuc urSt tnlng To be done,
or d''pprove the Secreiarys reasons Let US come TO
the vote and dispose OF these reasons In the mean time
Puo,c opinion is maniiesng iscllit appears 10 me to
grow daily stronger and strong r. The moment n,us,
shoy come wlenit will be fbe
general public opinion docs call for re charter of Tho
oohh. when that moment comes, ! am for passing the
measure and shall propose it, believe il will Pass this
ousei Deilevc II canuo be, and will be- ted
IN The other, unless relief appear other iorm
Public opinion will have its way. in the Houses of le
g'sia'on and else where the People are sovereign and
whatever they determine obtain must be welded To
.nem' ms Is my belief, and this is my hope. 1 am
10. oank, as measure OF expcdiency, and, under
our present circumstances, a measure OF necessity.
yieia 10 no new-ianged opinions, fsnssfcaf ex-
Perimen's stand by the tried policy ofthe country
Tor me security oil the currency Aud, Tor the alton
OF all these great ends, for a Bank and as the
Romm mos nksiy 10 succeed am for continuing this
o. ms Is The measure which shall propose, aud OH
'n question refer myself, without hesitation to the de-
cision oil the Country.
Mr. Forsyth next addressed the Senate Tho oen,,
man from Massachusetts, he said, seemed to think hc
spoke by authority. He did not, lie smoke only his
oP'ohs, formed not from knowledge of the opinions
w 'ne administration, but from careful OF
Things around him. With regard TO the of fe
Executive seemed TO him could be no mistake as
10 the result; IL the OF the State Banks for the
Ieposte OF the public revenue instead of the Bank Of M
United Sates and this all that could be said of II
% ne ASKED was II not prevailing opinion tlroug hout
dangerous institution Have we not heard from bonora
ole gentlemen, that although they are opposed 10 the
hc"suies vi inc Executive regard the Ran ,h.,
wound strain evsy thing rather than have il
rave we not heard two three honorable pentIeu,en
"ey are pledged to do every thing in their power to
bring about a hard money currency? The honorable
Senator from Massachusetts said that National Rant
was necessary; that must have one with some mod
ncaion'; But suppose that experiment, ais, what then
10 DC uohe! WIN the gentlemen prolo'e some other,
He had also said, that the people of the United states
would not permit the funds OF the country TO couso
datci IN the hand, Of the Execui i've. Mr. F. denied
that this could be- the case; he denied Ib
the Executive or the Secretary of the Treasury Gould
nave any control over the national funds other than that
provided by the Constitution and the laws If any more
guards were necessary for the security of the pubc ea
sure, he, Mr.. +. would cheeriuly and adIv o fo 81
as ever pretended that the President and Secretary
"a any power over The finances other than that iio
ed oy law! or that tey would dare to exercise the pow
or pever any legislative action of Congress ia regard
the Executive had done what he had moi: ,,at Lo ht
grasped at powers which he never a,emptsd to eye,c
ms sentiments MIR. Forsyth said, we'll known; he
honght mat the recharter Of the Bank with proper
dhcaons would be highly beneficial 10 the corDtrv. but
ssii ne MS not for us to decdc The proper time las ROT
arr'e ed Tor The decision OF that question: and the peon NJ
The United States have already decided by isror ma,
Jorty, that the Bank shall go down. But gentle say
mat scene oil distress prevails throughout the country
aud the time has arrived when relief should bc aari.J
instead OF trying an experiment Sir this experimcni
must be endured, institutions i'll cease to exi.,
"" nat Is me uu'y oil statesmen Ills 10 prevent, by all
Tue means In the'r power the approach evil and when
they see that the by which they propose TO
IT. cannot be pursued, either by the oil constitution;
al majority OF Congress- the sanction of The Executive
Ut is also their duty acquesce and propo,e som. o,h.
Although he did not believe that the experiment. Of The
Executive would be productive OF evil lie had no oub,
OF It's result Although the expermtn ut had been com,
menced against his Wishes he believed the country wo,
live through it, and so and prosper The Bank Of the
United States was chartered in 1916 end every body re-
collected the condition oil the country at tina, tire All
the Banks had stopped payments the country was noode
WIN the paper OF the State Bauk they Laughed AT rbe
Government when demands were made by il, and the
Government Was obliged TO take their no in payment
OF the revenue. He (Mr T. listened 10 the qenieman
IRON Massachusetts, then without conviction though The
evils now complained Of nothing COMPARED wi n those
existing at the time: he said Bank of the United states
could not relieve The country from the evils of erapgaJ
currency. IN speech made by the honorable geu,le-
man when the charter OF the Bank was pending one po
sion lie assumed was, that gold silver was the cur
rency oil the world; that a Bank OF the United State.
was not necessary thai the Government could by il, col
iecons, coool the currency; and that Bank ought to
be regarded, not as the recIiiy the currsncv
but as the agent Of the Government ne u,oyebf in re
ference to the affairs Of 1916 that il The interests of the
country sustained no injury, from the of National
Bank, we could do without now. We can control the
slate Banks now as well as them and have all the
power now we men had While he agreed with the gen.
temsn that charter of the Bank Of the United State.
Win proper notifications would be useful he locke for
ward without alarm TO the result Of the recent
oil Tie Administration aud believed that the country
would continue TO prosper He respected the opinion, Of
hose " no attributed the present embarrassed ste nj ~
currency 10 the measures OF The Administrations but he
Deheved that tile loudes complaints OF distress and cen
sures oil the Executive made with a view 10 JUS
NY the renewal OF the charter of the Bk The geoue
man from Maryland, (Mr. Chambars) said he had rgb,
10 expect plan of the President of the United S,as, %
reiieVe The distressed condition of the country bu, no
thought one ought rather 10 he expected iron, h. co.
ueihan himse and those who acted with him: for lie
'eSuenl hau already given plan which the gentleman
a,u n1' approve ne, Mr. F. said had references 10
Of the eiIcs L.