Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-14

| The nOfau
anu drafts, and TO incur such expenses from time IN
| sary.' " "seeS'
The expenses incurred. as stated in the expen.. ar
court IN executing these resolutions, from December
io<y ''een the first assault made on the Bank by
ne years 1929, 1880, 1884, 1882, and 1858, amount
10 pos 700 o. making average the last four years
OF Sl4,5S3 76 year.
During that period the total expenses under IN. had
o 81 p,ln,,ng and stationery, amounted TO SI06O57 20
~. " men me proportion for the defence of
And for the miscellaneou, ex-
Pehscs oil books and stationery, 46 1872 60
No that The general result TO- that within four
past the Bank has been obliged incur an expense Of
Sos ooo TO defend itself against injurious msrepytsenfa.
has been done with regret that i, should he psces
aty nut with the strongest conviction OF It's propretv
conceal it. On the contrary the Bank assets ~; vi 10
right to defend itself equally sgsnst those who ereuiofe
raise statements, and those who circulate Gajse ,ots.
Its sole object in either case is SER deTrnce II cnno,
suher Itself TO be eaiunided do,cn and the Interests
eonhded to its care sacrificed by fdisehoods A war
BANK The institution defends ITSELF Its assailants are
what are called politicians and when Statements which
cannon answer are presented TO the country thew re.
proach the Bank with int riering in noI;,cs g.
TOO are made at the period public elections the
OF me Bank must of course follow at the same
"he and thus because these politicians assa The R,nL
on Tue eve OF elections, unless institution stands mute
charged with interfering in politics. and influencing
eiecnons The Bank has inte In Tho
degree in politics, and never need mr. souoh, 20 ~;
nuepce eiectons; but will not be deferred by the me.
m IS or eiaor. OF politicians. from executing its du-
ih defending ITSELF OF the time and manner and de
gree and expense connected with this service the Board
U directors claim to be the sole exclusive Judges
heher the defence Is too costly, is for stockholders
whose INTERESTS are sustained by it, de ciie but GER
siniy, the assalans themselves have no right to com
pam oil tue expenses they have occasioned Their own
duty in the full proportion which NAV he nssdsJ g. ~
,eno'ng Inc institution entrusted them the Board of
directors VIII cheeriuly and zeaously perform.
Alter reading the extracts, Mr.. b. made an excJam,
that ,,ine 5,.r
0Tife book! and added he has written iii and sen, i.
mere an out OF this book death and sorrow 10 The
writer III would examine the defence, thus officially
YET up oy the Bank for ITSELF under three aspects
Hst, the RIGHT Of il; secondly, the TRUTH of IL:
h'rdiy, the MANNER oth
As to the right of the defence He NJ - .,,,
Inc BANK as corporation, any right TO spend s mo-
ey OF me corporation and especially the money of bs
St'es' as part Of that corporation which was
oeHhoder III 1t to the OF millions of dollars
governing influencing the action OF me
20 I.s future continuance. The Bank was created for
'e convenience Oh government, thing necessary 10
80 60 einmeht, ana not Tor The beDef, Of ITSELF The
eneht, which might result the stockholders were in
o a subordinate, and could be part OF the OBJ
&c e' we government in creating the Bank IL was
OF It's own convenience alone that the charter was
anu upon that argumsat Alone worked nm 10 The
uea VI necessity could the charter be renewed The
overnment then was The judge of the convenience AMI
me necessity, which should induce re- cLarte, and
nd ' NseIl had no right 10 demand it, much less
sPeha me governments money 10 obtain H. Az in5
ockholders, and deIraying ,r.>.g--.y - M
ruden and economical adnni,trso OF its affairs 1t
ad been chartered Tor twenty years. has enjoyed egh
ZEN years OF its exclusive privileges, and would enjoy
remainder unless died under the OF the law
violation OF its charter In either event, will have
ad its contrac will have had all its rights in full To
euse to be discondnued.-to demand re-char,er,-
nj to use its money TO obtain it,, just as outra
,eous.and unusiable il the regiment of dragons
aed last winter aud TO be enlisted for three years. should
eiuse 10 he disbanded at the end OF the time, and
heir swords and pistols upon Congress TO force enlist
nent. There would be difference in the nature Of the
ence difference in the oil the right; the dra-
,oons would their appropriate weapon, the sword; the
n the weapons ia the right OF using il, the
nature OF the offence in using IT, was difference IN
he power OF the two weapons as TO which was most for
ndabe and dangerous had been said this floor, that
II power resided in the sword and purse, and that in fact
III power resolved itself into that OF The purses for, without
he aid OF the purse, the sword could not be drawn Ii
sage remark, and IL also old
bove that OF the sword. Philip Macedon found il to be
and so, and proclaimed 10 be when capturing the
titles and destroying the liberties Of the Grecian Republics
His aphorism bret and emphatic that loaded
Nth gold could find its oay through the gates of the
strongest city So the Bank the u s. Its purse would
be infinitely potent than the swords oil the dragons
the respective renewals OF charters enlist
ments. lie (Mr. BY considered the Bank OF the
United States in the position of army raised for tho
war, aud refusing to be disbanded at the Of
The Bank was created for crIsis,or Of embar
EASEMENT Id the moneyed system-ior season OF public
iebi great revenue, and deraged curency that
has passed by Every urged at that time for the
creation oil the Bank has passed away; all necessity for IT,
If any existed, has passed away the time has
Ter the rights OF the Bank 10 expire upon their mi
tdtoD; but she refuses TO let them expire; she demands
renewed existence, and money obtain il, and bold
ly declares that she will be the sole Judge OF the pro-
priety OF the use, and the amount TO be used. The
Bank according 10 The decision OF the Government has
become as unnecessary as an army in time OF peace but
like army that refuses be dsbsnded in time OF peace
she revols against the Government sets up her will above
that OF the Government and her appropriate
money TO prolong aad perpetuate her existence
We hear much, said MIR. b., OF the danger OF armies
much OF the dangers OF military despoism and insubord
naoD but where is the example OF army in the history
OF our existence refusing be disbaBded, and demanding
re
there example in The world, Ell her ancient
derD in which army reyoled against the CIVIL auiho
ties until those authorities first made themselves odous
and contemplate TO the people. civil government
be first detes,ed and despsed by the people before
armed force overturn 1t. Not with a noneyed
power. works by corrupiien II ssps the foundations
OF governments II destroys governments by rendering
them oJous, and not because they odous. IL pre-.
pares the m Tor the oil the military usurper II this
government shall ever be overthrown ty military chief
tain IL will be al the iud. geDce in course OF conduct
that shall deprive il Of The confidence and Of The
people The moneyed power-,he loaded with gold
- hen so much the dangerous than army, asst can
more formidable weapon and attack ibe govern
meDt before iii corrup and by corUptng IT, t II Tor over
throw by the military Here, then sa great moneyed
power, welding lie tens Of millions, holding hall the spec
Gle OF the in it's vaults D open nsurrecton against
the government OF The country, coDtendDg against
poer and pre. eninence, aud boldly declaring paper
furnished by itself 10 the members OF Congress, that will
be the exclusive Judge OF the amount OF money, and the
lime and manner Of using H. which IL will choose TO ex.
neud in This Such is the declaration of Directors
no themselves have no real interest 10 the bank,
cep the profitable business OF managing il who holding
their one two, i've and ten shares, arrogsnty WELD
the seventy thousand shares Of the government against
itself Mr.. y. said, this was crisis which the prophetic
I.trfu