Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-25

may have entered into the CONTEXT, no candid mind can
doubt. that the stAait would have been disi had
majority OF the people really desired coninusnce Of the
Bank AT the Termination OF the contest, when the ptin
cpes upon which had turned were fresh in the minds Of
ALL Il was universally regarded clear une onivoca
and hos condemnation OF the Bank the United States
by the People OF the United >istes End the great nouv
was, will the Bank submit 10 the dersion will il eodca
'or to deiea, II ny ts immense moneyed rowcrl
THAT the Bank had come TO the ists not 10 saw criminal
deci'on, not to submit either TO the eoasuiionahy ex
pressed will OF the government the people. but in the
pen'nde OF i's power 10 uample upon BOTH was made
strongly probable before the meeting OF Congress i'm De-
renber, 1882 and too pslpably confirmed by the conduct
OF It's suppofers during the subsequent session To admit
the possibility Of doubt The high and de;r.,s LII.
thrown upon the President in this emergency were duly
"pprs ciaed by him. and cannoi we trust be uisnnde,
sood by you lie would have been found as lie has ne
yer yet been found rccresn his duty II he Ind omit
ted to exercise ell his iighui authority TO sustain Tho
vcrnment aud the people, In controversy lcb had now
oecone national and mich Involved. to the greatest
ten" me character OF The country aud the liberties of the
people From Congress which had passed hill n rs
charter the Bank, AID not to be expected i'm resisting
the designs OF that institution and the I'VE Conr
not TO meet Tor many months The obg aicn Of the pre-
sdeni, IN the interim, DO all in his power TO
e operation open or covert Of .he Bank greatly in
creased by the fact that between the months nj In
1881. and May 1882 The institution had extended IN. ,c
c"mnoha ions 10 the enormous snount Of more Than
eight millions Of dollars it, whce deb, at the frst
date being $i2 2.23f and al the last $40 l2S 600
l, would be difficult, il not impossible 10 find am in
enee III Inc history OF any commercial nation, OF pro
por'ionate extension OF Loans private individuals and
companies, in The short space Of one wear tn.
openly manifested by the Bank in The then spproaehng
Presidential election and the influence ch so
credit was calculated to give it, In that contest loub
less constituted part Of the tor this extraordinary
proceeding. Still this nos, the time regarded nv
"e'"hs Pe,s hs, as an adequate induccment To this
course oi pohcy: aud subsequent development Ina,
clearly shown, that The great i've lay much ,eeper 4,
is now quite manifest, that the giant OF this uneoual,d
SUBSIDY TO the customers OF the Bank had for ia Mil
mate object to TO that institution hold upon n, a
business AMI business Of the whole cosntv and 4,
enahie 10 bring within its absolute control our entire
Rxrhs
Tue following results were doubt expected: ls Tina,
The people aud the State banks would he brought so
pe'ey Within the power OF this single institution bv Tho
me OF 's expiration OF its charter, compel the for.
mer TO favor its continuance and eecualy 10 deter IN.
rom undertaking The fiscal agency of the govern
meht III ITS stead; I'd That the Treasury department
would be left dependent upon the Bank for IN. perforn
ance oil that agency, aud thus many re sous be
10 assent TO The continuance OF the charter who womb I
regard the measure evil and but Tor this
nary necessity, would be zeaously opposed TO il: and a
mat as the expiration OF the charter would take p,rs i'm
'hs very crisis OF the next Presidential canvass the Rant
ishi count upon the united i, uence OF the
pressure II was thus enabled produce and the exc,e
menis and combinations nseparabe frun pr,siden, =,
election. e""s'
The propriety OF the removal of the public depoes
when eonsideled IN reference TO its arngs uoon his
plan OF operations, will be readily perceived
The opinion very generally entertained as 10 the
posed necessity oil tue Bank as fiscal agent NJ ,a ~
yerhmen coh only be dsspaied by actual experience
re"Ger 'his demonstration OF any value il was neces
sary that should lie made before the aurs,on or -,
charer came on and sufficient time before tina, ne,iod
i'm lie s,E., TT.
mel,"'ea coercion oi the people and the State Banks
could only he met by drawing this giant n.,u,ion IA
question: before Its measures had become fully ma,urcJ
ana us preparations completely by making the
arrangrmens with requisite number of the State R,nL
before the power OF the Bank of the United States 40
upon them; by putting them in situation IN nee,
power "heh should come and by separaiiny The ne
rod OF public dsr and pecuuiary pressure Known n
nc relied upon as the great lever OF Bank from the
residential canvass thereby drprivDg nf the uccor il
hoped 10 derive from that fruitful source of asi,sT
these great objects, the successful accomnIisbmsn,
OF Which, was indispensabiy necessary TO enable The
PRESIDENT 10 carry cut the decision OF the peo 10
could be accomplished, and il, the opinion nj do
f'esluen', could aouc he accomplished by the reno
val CT the deposites Having Fl It satisfied himseC i
he report oil the government directors that his worst
prehensions as TO the corrupt and eoruptng opero,
me BANK aud more especially in rega,d TO the pub,c
press, were founded, he determined upon the RENO
vel OF The public moneys from the institution. ami ,he
adjustment OF new zeal agents for the government The
ep "'s 'aNen anu has been crowned with degree of
success equal to his sapguine expecta,ions tn
Bank has been brought into the field before its Train Of
Vaccinations sgains, the supremacy The popular viii
hed oeen perfected the selected State Banks have he
susain-d-,he praccaby OF conducDp the bu.iness -,
The government without the of The B.nk of te in;,
States, las been made manifest. The main question of
BANK OR No BANK, has been brought on bv itself .od
under such circumstances, that tie public mind NAV re
gam Tvs composure before the rendition OF hat
verdict by which, a 6rmiy believe die nrosrrs;o :,
The Bank will be FINAL aud complete.
Judge ye, then, fellow -cizens whether or mn, ,,
edeni has acted wisely but before YOU decide against
nn' that was TO carry into eiTec, the will Of
he People OF tue United States, previously and cle.ri,
expressed, tina, this step was taken
lew words as TO MOTIVES by which Tho p..s;
deht was acuated IN this measure. That he couIJ ou
nave been prompted 10 this exercise of The nouD.rs 90
museu 70 Ills department, by solemn conviction OF nun
Tic duty no candid man who duly weighs the at,enlino
circumstances can Tor moment doubt The arduous la
Oours oil his bret term Of service had been crowned
unprecedented success; and though his orieina onno
hehts, IN conjunction with the enemies whom lie nsr
sona' Integrity or his public policy had created hal co
Ohed 10 prevent his reelection the ate had onIy
90 10 Illustrate Win new force, the sovereignty and yiruo
OF me people, aud TO overwhelm, with confusion and die
may, the lacIiobists who made it, Simultaneously ;
nus contest There had also been going on in the State nj
. |Arona succession OF proceedings which
oi season. 10 bring upon The Executive the siernes, m
an uplrs'hai OF maintaining by the sword the supren,a
cy oil the Constitution. How veil and how wisely ,;,,
What Pirotism energy and successtbe duties and dsn
gers 'ha emergency, were met by Andrew Jacksoo IL
" heedIess Tor US TO say, for American can foroe, IL
he achievement was greater aud more useful Than
me uelehce OF New Orleans for this was bloodess
unPn ahu u saved not merely single city from rsp,e
ana slaughter, but whole land from the curse of ,.s
une STRIFE and the approach Of that difest of ali
caahiues-a civil var In the view of these ssry;co.
NE MOI oy enjoyed the honest qualification which snri
rom Tue success Of weneaDt efforts The public eauss.
Ou' me Tbuie oil grateful veneraon rendered IN hin, ~
eISon ny 'nous'nes oil our people, including many who
had previously bern ranked aInongt his most yioIen,
Opponents, had filled TO oveflowing the n,essurs If
MS lame Under these circumstances nv mara ;na.
non ia respect 10 the Bank OF the UpfeJ SITE
ne could have secured, Tor the residue of HE n,e,e
'eH", greater degree of personal repose and oe.
"eF HPPfoOauon ihan was enjoy ed by any nj bis
predecessors On tie other hand il was enusllv
shu 10 no one more obvious than himself ibabv ,ski
rom ne bank lie use OF the public moneys tle peel;
1tn' would inevitably draw dow upon his head ,e mall
uCohs OF us numerous ADD powerful supporters aud
ue remnant OF his public life would be embtered he ,t
uaulu al coIi IL