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

Of the bank. Thirty five millions of dollars. clad IN cor
poia'e armour, oughfuo under any g possible
cuisabces 10 be seen a. party begerent defending it,
sen sgains the government, or any pat Of it, What is
10 nc ihec nsequence OF such doctrine? How lsr il 10
z Let sober mind, an-w'r 10 he bank may fight the
President, II may, the ground fig ether house
OF Congress; That is, wis fees itself attacked
py either Ia ther through the report of COM
mitee, adverse resolutions, or oiLewie n n ny 6gb
any O., the public dep ,rn,. ns IL m 6yh the whale
government corjain,lv, any par, separa. ely The
plea Is utterly iadnissibl, the spectacle an ouunge-
we nave, so plunged into after upon this
sutJyci we are so stepped in Influences embedding TO
Intellect as reproarui TO pairiu ism and wounipp to
Puohe P''ne' 'na tie 'ind must rouse itself from
por 10 get back to FIRST truths The remarkable OF
ihlngs am 10 deal with under your letter never could
have happened but Tor the periIous growth OF strength
and still mere rank progress of vicious notions and
ces IN the INK; which, il not ell, cusIy checked will
brink upon This country OF political aud social de
basement not to be contemplated but with disnay and
gns' The bank has its rights; but they those of an
Official servant Now, although a may claim the
enforcement OF all his rights shiciiy master may
MS me TWO things essentially dferen,a Distinction
OF winch The Banks whole conduct has marked supreme
disregard.
The famous resolutions of its cors one of which
authorized The PREPARATION aud circuia through the
press oil "sueh documents and papers nau conm,ai
cate 10 Inc people Information regard 10 its nuf,,ye
and oaeTafO,is, hold To- have been in the highest de-
gree bold aud unlawful. The language is impe rous-
communicate Information TO the people! If speaking
from authority; H. like ordinate power ehirenched
III lie State II was about TO execute trust Of delegated
sovereignty The very ord, seemed approptiate In
coming elections. The bank for no such ends
The avowai OF them, is aIron the whole county,
IL was created, so Tar as the government con-
cerned, TO be The mere servant OF lis Treasury; the
mere agent OF its revenue officers. This was the
primary, the sole motive 10 it, creation. So far as
the stockholders concerned aud that their interests
might be eoa'erally promoted, il privileged 10 the
ordinary business OF banking In both cases was sub
yec to the many aud jealous restrictions contained the
law 10 enightep The people, through the press on the
nature ana operations OF banking The nature OF ia
own operations is among oil the powers granted TO H.
1t is devable from none by any rational or equitable i'm
titct twill
sp OF The law, no less than written guards Visible i'm so
many o'her resp"cis 1t is not ronsly in conflict with
contemporary opinions and feelings he nation Ii was
not without travail" that that law passed. Many obstacles
were TO be removed many doubts be obvafed many
doubts 10 be obviaed many anxietes TO be ranqulzed
lac iiiusrous head OF 'he government no finally gave
II his san on had ancient and heavy srTupes TO van
quish The claim suggested is perfectly new IL il des.
tute of all shadow excuse 40 dan
gefous inhe calmes mode Of alton difficult TO
say II The most prepOserous, of nsve 1.-The bank i'm.
dulgng IFS own theories OF its immunity had taken fire
ats ale papers lily enanae from one branch
OF The government; il these must be considered attacks
there defence enough in State pspers issuing ro,
other branches Each being published under public au-
monty ana mus necessarily circulated might well have
stood Tor purposes OF justice merely one against the her
he stockholders or directors also al lbelty as
other citizens print they chose in their I'M
diviua capaci les, using funds Bn if the ur
te"'iO"s 90 PFePu'r ("'a't 'i i) ~i~ssio ssJoe.-
nentS and papers, corpora acts and with the corpo
rate funds, had been set hen The charter applied
for, no does not that would met with instant
reproha'os! Whodoes not the Committee Of Ways
fatal at once to every hope OF oboinng one? Its friends
would quickly have disavowed e pre- nsion Its oppo.
nents would have secuted it, Yet, when the government
directors protested against usurpation expected
may be added wi bout undue strength of language so as
founding, what do The managers do They sso. def
ance They resolve tat II shall be follow up with re-
noya'ed vgor aud for nde finite periods Here is fem.
per sufficient II might have been supposed. 10 awaken
Tie rejecting. Never was more sgnay illustrated The
principle OF power adding 20 itself The claim hic
the bank, The lime Of It's origin or in the DAYS of its
weakness, would never have dreamed of making. 1t
knew TOO well The sen-iveness OF Congress TO any thing
ha' might have started the bare possibility OF sncb in
siuon ever going INFO the political rld ALL no matter
what the purpose provocdion. IL knew well what
bdd been said wi ether righiuy OF the old bank
the remote hazard OF exciting fears which
more Than any other cause, prevented the Of that
expired charter To be lod that local hanks spend their
money freely on contingent objects is Iii
founding all distinctions II Is like the bank lrsnseng
business with leOs than drcirs as board
cause local banks act on siuir principles The naona
bank, for national purposes lis being eeeiva.
bic every where for demands of the nation, gives them
(notling else woul,D circulation every where Hence
being, money scarce plenty through The naton in othsr
words sircs It's whole currency its whole property And
discretion should not be excrcised but by compel, nj
number Of the directors. Yet tie analoeies of State
banks IN their business. he held up guides
such an institution, against the words Of S charter aud tie
national objects lis granting IL
The defenders of The bank treat these extraordina-
~ resolutions nothing They take post upon their in.
would compare things the most uniiportant, with things
the most nonenous. Let hear in word what lbeir
ground H. They dllege that stationary, for example, must
be purchased Tor the bank; aud would there be BARN In
the bolrd passing order HAT effect, Tics oh they
not secomm' pany II with any appropriation limit of
The sum Stationary! aud H. he common sense of the
nation to lie dealt with The purchase oi paper and
account books might weI enough indeed he ordered
without limiting tile Bat no wanting in pefeep.
ton ~ not 10 hat, under tire resolutions in question
ANY THING NAY be done ia the way OF employing and
PAYING tie that line would coull be drawn
seminaled through The country, aud political batter lhat
would run into ~ that the whole country might thus be
Hooded with pa zsn publications, Of every DRIFT and hue
coding TO The temper Of the pens emplOyet3 All Ibis
eyiGcn IL is scarcely hidden "a, der he suffsce Ac.
cOrdngly lie pc se PROOF responds iiI tie inevis.
speech. ard other 'pecthts, may Wha description
OF =" documents and papers" prepared snd
circulated The resUiu'iofs an entriDg wedge,
lie. enough 10 admit every thing. Fifty thousand
dollars &C Udly expended under them, wh usbc alton
Of thcir principle, aud the admission Thai tec
to Tie appropriation for carrying them IN uf her, aud
may be added without the slightest exaggefaion hound.
less effect, Is the slaiIH0s fact that has ~
our history IL direct tendency ". 10 corrupt he Press
The nation There is getting rd OF this conclusion,
u we consult reason The more reason, the
the conclusion binds Tie PREMISES are not narrow
achieve the grea'os possible result the ysical world
h gfnppe or bold In he fret instance. So IN the moral
world so, most especially. vi fhe press; The wofkol
OF which may be made 60 tensc 90 Zug, hen once
pass is opened 10 the ght lever The bsnk armed with
the principle embedded these resolutions, IL essentially
a popular government, 10 lie own purposes what.
ever they may he. The mind must pause, 10
innate the mischief hicb here bursts ~ on H. II must
give itself up 10 reflection, 10 survey the consequences