Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-11-21

consideration which, as Il could nowise be put aside
ought never TO be overlooked our calculation of
9ences ~ tcas hGeW to conceive ho,c THIS nation could
"a"g together, la Ms present state OF political and
commercial eiauons without neral uniform ency
O some kind oiher-he believed. the indispensable
necessity Of such currency universally admit.
ted difficult Ia conceire how the State Banks
could iu' nish such # for no other
reason even surprising their ced solid yet ow ing 10 the
multitude oil them would be possible Tor people in
distant Parts 10 be informed OF the state ii their credit or
be able to Judge OF the ssnun,ness their notes. But their
paper would supply the local cuieury trds difficult
Ia cncsire any means uifhn the CONNIE.
fehcy 81 me FtdeId G0perf,wtnf by Which ,h. State
n'"k ;, stem could be suppressed The OF b,
The States presented-or any cons iiu,oial means b
Which even their small could drawn out OF local
circulation; Tor. as TO the scheme which had sug
ges'ed oi suppressng them by the imposition Of federal
stamp duty. il could have been " n con, ed 4,
was plainly unconstitutional; il wss a pervrrsion of
power given Ora prescribed purpose. another holly
hh'ient pnipos~, which would lie found In p,actcs
the n'os SWEEP ing and dangerous Of all the systems OF
construction that had yst been Invented" "And so long
a. ie Stale Bank stem should continue aud the Stat,
Banks should remain ia any iosrable OF credit he
could not see how II possible to ies'ore hard ouey
enreIcy such measures as the Geld Bi.l and Others
which t'e Federal Government was compreu 10 adopt
might have the ell CT of hiusrg Larger portion of spe
Gle la the general his opinion ,e nor.
the brci-hu' the result OF his H. elton ON the subject
"a- thai Tie elect oil such would very par-
iial aud limited indeed" things considered The in
stiiuion OF siional Bark woul present. stU as The
easiest m'fh0d at least, Of propidg gene, al umi|o,
currency lor ,e Whole unun; ami ould therefore be
fesorei to 10y those who thought such sii,u ion con.
'u"' ons as wen as eSpedcn AMI adopted, II they had
me m"J1tty And then, those who il
ilona aud dangerous. take that scheme o. National
Bank, which IN their opinUn would be capable OF
good, aud least capable oi mischief And thus il was
that il would happen, that the question ultimately 10
be decided-ihe question should have % consi.
der at last, spite OF our icetl-w ouid he no, wh,
'her there should be National Bank or not; but mha,
sort OF Bank? Bank With capital &c $40 ONO 600,
4" $50 900 ooo--or S25 100000 500, coo Bank
SUI red 10 the absolute control cIinn OF the Ex
eeul'e %, one placed under the qualified control aud d.
recliun OF the Sock hnl,er. ?"
isi possible that any p1ginion or any Republican,
can doubt as TO the Mr. Leigh prepared to pur
sue, alter reading these ex.rarts He keeps cut of view
the employment OF The State Banks AS deposit ries: he
regulates his system OF cas- many Treasures as may
be found convenien - aud he insists that SHE ou.so,
ultimately to be dercd" is. whether there should be
National Bank. but what sort OF Bsnk'-"a Bank sub
-c ed To the absolute control and con OF the Execu
1--WE! or one placed under the quLheJ control and direc.
ton OF the slockhoIer.! Aud he saws one ,ronud o,
opposition to him H. that lac is opposed Bank controlled
by the Executive.
Now, what Other inference he drawn fl ON all these
declarations, than that MIR Leigh looks to- the renewal OF
the present Banks charter the of another
like u, the only OF aurdng ne ran, nt depo.
'oiy Tor the public moneys is ready TO sunport il himself
aud Is Iaborng 10 reconcile Virginia to that result This
inference l. strengthened by various collateral consitrra
lions lie says, lit difficult conc, i've how this ma
ton could hang together. ''wihout a general uniform
currency oil Kind ohei that s'ie INDISPENSABLE
necessity OF such currency was universally admitted"
that "n was difficult 10 conceive how the State Banks
could furnish such currency; that ''it difficult TO
conceive any means within the constitutional co,npeien
cy OF the Federal Government by which the State Bank
system could be suppressed, the extension OF it by
the States Prevented-or any constitutional means Nv
which their small notes could be drawn out nj IocI
circulation tha"so long the State Bank system should
eonn"e and The ate Banks should any tolera
bic state ol credi, lie could not how was possible
TO restore hard money currency" aud that ali thing,
considered, the institution Of National Bank would pre
sent itself ie easiest method at least OF providing
general unorm currency for tie whole Uniopp Now
when the honorable Senator tells general curren.
cy IL necessary to Preserre the Union. that the State
BdnkS cannot furnish IL, that IT cannot be furnished in
bL m R0DE
IN ichich The nation shall hOld the stock Who can oub,
that lie is ready preserve e Union a. ia bIss.ngs
ny Restoring 10 The EASIEST Way" and rOflne for
BANK organised on Me same principles as the pyesenf3
bui IRE de"g ne Jacts upon which a. Leigh declares
ai virginia VIII be driven the dire necessity of so
ch0ice M rDS IL true that 10 ,ionsI
h"nk "i constitutional grounds aud had avs been
eonn"'n 70 'ms,S ard lew, very few, other States
oI the linton Such objections " have always con-
iu'ed leading article IN the creed OF Democracy
hroug Of" every State in the Union true that many
political men OF that patty, through o lie
principles AID power OF National Bank or the vhes az
The People they Ieprestn med, have been led To give
temporary support But whef the lien Of Drmac.
racy has bcn ouSed, s voire has always b, :, oni,sf
su'h an ms luton, the ground ol uncon-tiui oral
~ as wen Us in'xpcdiency. Aud d, al has Mr.. Leigh
been TO the voice which has been heard above tI.
'oarhg oil e storm, his associsies ia the Senate ere.
~ted last winter, IL lac has learnt that the nm.
consiiiuiionay OF the Bauk one Of The war.cric,
VI winch the armies oi Demorracy rushed 10 the
charge at The Late elections, from Maine 10 louisiana
lh'Te are none so deaf those 10 will moi hear" Air
Leigh seems 10 hink thai hc su stands i'm the Senate
ionsr among his associate cOncocIes OF pani, raising
Tie "hri"ind, HAT they might haten upon he ruins Of
TIE tempest tie IL mistaken. The clouds oil panic and
uesl"n nave passed away In the su;i,ne of ruth the
rs"P'e osn We dressings with which they surround
eh anu are beginning To visl the ccnpaloIs against the
puChe prosperity with meTited pnn, hment I III and
frehhshnySt n have seaiy their DOOM The sen.
ienre OF SPragnc and oindexler ready 10 be reeis
tered That Southland Moore aud Black are 10,
consigned 10 Tie same die, is hecause our CONSTRUCTION
"des mem ln 'ne TO lid delsnce 20 The ill OF their
constituents Let Mr. L,gh recollec, himself and look
events which have passed. Let him realize that the
power oil the Bank and its Senators il gone
aud pre-, are to bow 10 the will Vire;Us who ne, er
compromises the Constitution or considers av .asrn,
yves sufficient reason 10 vote Tor its violation.
we nave something 10 say OF the gIoss and If NOT will
u' most uharcouhIabie misrepresentation OF the claims
81 power advanced by he President, now again formally
Sc forth 10y ibis hunalIe Senator
lFiom iIn Pennsy vaniun OF November II
NATIONAL CQNVEN1tpN-