Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-16

ng. Is the Secretary II the Treasury. What viii the
people ,hk OF the honorable Sen,'or ~h~n they lean
that this Is sheer rnon, aud without the shadow o
Qni dauon. The pal"ent at ihe pStsions oil Which he
speaks under tie control OF The Seere OF the
Treasury, bat OF dih ram department. al the Govern
mem; aud Mr.. SoI'hri. lawy ai >enaor, mus,
h. r.. .umeL to hav- known it, n he III know it.
h. l. but poorly qualified, We should hLk Tor the place
d lids 81 be.
TuA PuDLIc DGposirhs-Nir Al, D.iT. la. al
need an,her ortnion. wh,h il the oriy bale ,liso
do not. will immo' sliz him an AGATE observer aud
proiouud hnsncier aud stA,esman. The Naions intel
sr"c"r state. !" the tepor, OF this g-ncm-ns SPEECH ga
the pu"hc d.pos,,c-, that, at particular point of TIT
-pe"ch Mr. McD"ii- "auIed to fart- ia the reduction
81 the p'ce OF cotton and argued 10 show that II had been
noiured 10y the scarcity of money consequent upon ia.
i"rahgc u,eht ot the currency.
VII H. in our LAT PAPER we stated that TO the removal
ot M public L.pU-irs rUui not he a-r,ibe,i the rls
II the price Of co''n IN the io,egn aud domestic max
e., hi no ie that PROPOSE absurd and Wild
wo,id have bee" al, anced, 10y any IL in.
,-g-nr", anl iSu"h less, by vi the in iirst al
VIZ. cDuih-. The decline in the price 81 60 ton is
wing 'o The removal o. the epo .- t.ior- the nio
on uii have react al Live puo and HAVE, toti
h d b-eun To decnr ia those ma k.s. AID the
"'ov"i "t the pub ic d-po-i;-s tom lie Bank oi the u
tel >tae produced lie, line in the L. We. pool aud ta,r-
III het-, AMI ''l iced the Euop' manuac 10 s,s.
peni their pure e al raw na.ria 10 the removal
OF the ~ pocs had o, been effected. cotton would still
b- in e".nd AT 10. 49, aud IL cehi, And il the dcpo
sizes restored to the Bank Of the y. ars,
would medisely rise TO those prices, not~i Ia andug
the ,.c"e i" the Liverpool and t'svre market !!
We live in an aye Of woners, and wonderful things in
happen: the srru eut Of Mr.. McDufie is VI those
w"ndvr-.-.9"gmsta Con,tfufionoiist
The s"ljoinei letter is most Distinguish.
ed literary men oil the United States 1t is addressed to
member oi Congress, whom We return our thank, for
The privilege oil publishing II:
New York. 23L Dec, 1883
Dear Sir: Allow me 10 thank you sincerely Tor the
prool Ut recolicciiot in s-ng copies OF various
documents for Congress during the present session
You are likely to have turbulent time OF it this winter;
bu your House continues firm, the Senate 10
much Oh have the people with you and their support
-q'ne suhcen.
reports oil the sc"rciy OF money aoa by the Organs
ani ages OF the u. s. Bank Tor the purpose Of creating
panic which will extend 10 Congress. and force them
into aij"ct submission 10 the great Putus The
object is to weaken the conf Ience Ut the community ia
the State Banks, and thus cuttal their
the effects vi the wanton oppression Of the ~ suioh
and secondly weaken the confidence Of the indy
in each other. These two will once produce the
state o things a, which the u. $. Bank aiming They
Will destroy that confidence which i. the only alton
OF proper currency Then, through the medium of
public distress created by ITSELF will appeal to Congress
To restoration o, the drposites, that scarcity
oi money which will result nom it, tyranny.
AZ present this ciciiy il much exaggeraied but Ibis
very ex,.ser.ien will materially all in producing wha,
il aiec1 10 d-pore IL will n,akc people xious
obtain Ans, and deter people from lending Indeed the
whole system III credits being Funded OH the coii,ence
men have in each other, when that is weakened or
destroyed, there must be end OF borrow ing Lending
Only make the world believe money is scarce aud the Ell
iec' Of such belief will infalIbIy produce scarcity
Whatever degree of scarcity of money NAV exist al
present is, feel confident the result scheme. OF
the Bank oi the Uned States for forcing the ernent
To terms that Is TO say to abect submission. Ii hopes
sbtain IFS own terms by showing, its pow to do COOL
but ~v not hy appealing TO the reason but the Tears
the people, and pcisuadng them that the only way to get
rid OF The curse Of yran Bank, is render il per-
peiuA.
As yet failures has taken place here of anv con.e
quenoe Aud the demand for money il grea err than
have observed occurs every few years ia
OF regular system OF trading our capitals and in
creasng loans. until all the banks be come
alarmed ~ the extent Of their iaons and sud.
denly begin To cutail their discounts Here the re action
brcon,es scarce-people anticipate
still greater scarcy-ools ACKNOWLEDGEMENTS take
ADVANTAGE Of the panic, aud the evil continues ill men
come To their senses again. There at this moment
more buildings putting up in the city than have almost
ever known-pIoperiy, has only made aPproxn,a ton
from its speculative to its real vameevery species Of
pense is just as much INDUCED in ever and H. 10
outward appearanre least OF distress in the community
hope and trust therefore, that Congress will be firm
10 the last in sustaining the brave old General in his at
tempt to put down institution anti its ua-
ture questionable IN Ills origin and which, possessing
Hunted power 10 do good, is almost porn, for evil
IL live 10 the Of the Unied States
Frustrated at the feet oil ouied archy, intend to rx
psiriate myself NJ will live ia cosntry 90.
veIned by sciip- nobility Globe.