Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-31

10
tenbled, 10 the Number Oi hun,l ed i've, Pitts
field, Berkshire, on the 10Th lust a committee was ap.
pointed TO wait Oh THEopoRE $EnowTcx, Esq, candi-
date Tor Congress fron tina, Dscl, express him ''te
wish OF the Convention that he would their delbe-
rdhons, and, II enirnt, express lis upon
the prominent subjects which aeps,c The public
NINA. Alter spirited address and resolutions had been
read and adopted, MIR Sspewicx was n,sodmce by the
President, Nathaniel G. Waterman, Esq OF Cheshire aud
addressed the Convention iolows alt impossible"
says the PsDeld san, describe the enthusiastic atni.
Ecening Post.
MIR SEDGwICK'S ADDRESS,
BEFORE THE yoUNe MEMS CONVENTION.
MIR. Chslrmsn-in appearing heiore you candidate
whose nominations You have thought proper to approve
will rsl make observation. which peronal had
not the least exper this hono never asked or il
or sought H. nor did expect IT, Lcan nnnaber
than lilly years aud lhaYe ught Tor Office
any except that have represented The Stock
bridge Ia The Legislature. Not individual Of those ho
made the nomin.,ion,- which you have confirmed,
ever gave Inc the slightest ina'ion Of their designs
THIS honor there fore ich have thus received in heug
your candidate for Congress, is Tree gilt and asst
unsolicited DO receive II very highly testimony Of
the regard and confidence oimy cilnw citizens.
1t Is proper that should proceed without loss Of
lime, Ia The SUI ject which engro-ses all others rHB
BANK OF THE UNITED STATES IL has been said very
lately by those who opposed TO that the Bank is
given up that il no longer ground for contention If
this be then is Indeed very happy circumstances for
the occasion OF disturbances has ended There
thing else to qmaTrcA abouihce is practical question
bclure the country but this There nnthing Tor our
public servants TO de undo, which is subject of
plant The grievance complained OF, has bern, that the
THIS the woun! that hns been inflicted upon the Consi
tniion But TO restore the DepoSitts Bank that
every body has abandoned heal the wounds which
me CoIsln'o has received no ought 10 desire
futile so inconsistent thing. IL would only tend sill
greater derAngemeH TO replace the public monies in
Institution which is soon TO expire But this cannot
be-the Bank and be gwen up; there would
tie the grosses Inconsistency aud dignity in Civ
ing up the Bank, alter such violent eas have be en-
made TO recharier H. The reasons Tor such insiu-
ton remain the same they have been These reasons
that the Bank essential 10 the trade and exchange
OF the country that the State Banks cannot safely be
trusted with the publ land; that such institution is
requI ed check upon the Banks, and Tor The
purpose oil regulating the currency of the country. II
these reasons we're ever good they COOL now they
are az stong they we-; il this institution be
abandoned, there be preface for any other like IL
and il this be ii is melancholy comment upon all that
we have experienced the last year. The eminent leader
oi the friends o. tie Bank in these Northern States at
day in the hast session. brought forward In. uroposi
ton Tor renewal OF the charter iO six years,
National Bank to be constitutional and indispensable
The United S'Ass Bank is institution no doubt
was III ITS origin and subsequently, haas useful This
country IL easy TO see "ho"I entering into The
stuii nal question, that such when we
poor before es'h was established, and when the United
States were struggling with difficulties every kind
might prove salurary. II purchase of advantages
Tor grant OF privileges like neatly all monopolies ii had
its origin in the poverty OF the people the Bank gave
great privileges IA the capitalists they ~ their turn by
tins employment, ot their money became useful TO the
country. any rate this was The opuion Oh Tho ncone
who have for than 10 years approved institution
with The exception OF the years which elapsed after the
expiration OF the chsrer oil the old Bank in the year
1870 The circumstances that called the Bank into
encc, that induced the people grant ssch
that is their poverty their oil credit hcr feeble ne
--now that The people rich and strong have credit
shows in- II Is no longer wanted The people anied a
monopoly because they poor, and thought hat they
received an equivalents the equivalent they now have x
the immense power oil the populations and great riches dit
fused over this wonderful country.
The great objection the ing OF this Bank is
that The giving away great power when given
away, like all Banks thai OF The GoveInen
aud in any way sonnecled with the eue,
great power ~ the hands o. political men, Me hand.
nj mai anil cal
when once gvcH remains long While of the hands oil
the people IS in its nature, the 4, power Oh earth
the power OF weAS the greatest power TO do good il
rightly used, and the greatest power do evil, il abused
But freedom hOis abuse such monopoly impossible
and against all experience. When such power
gwen 'hTe arises OF course prodgiouspArODage flowing
from those who have granted H. Hund' eds aud hoasand
OF Presidents Coshiersy Clerks, Solicitors Alto Mes s. c
created, all OF whoa dvyive their nce lIoa, .
power and nINsl exist, when this power i.
Withdrawn; ard This is TOO plainly Ie great the
pre,en disg rarsluh disturbances in the country
But there is something llan ese hundreds am
thousands OF officers that cfcaed 10y Ibis Bank Mono
poly There is something for these officers TO do S35
100000 are TO he employed, 10y these oiCsrs and gents
lor he benefit Oh the' principals and themselves. list,
be employed all money employed making NOR,
money III doug what done Ivy oer great BANKERS
aadeis-"Hh thus dilicescc, however that other grea
BANKERS and traders have exclusive privileges the,
have right to shut out Others trading as they do
Others have With The government: tiey Il,
not derive their power 10 make none from political me %
political party make destroy their tunes with
out doing he same hing TO other; hey get property b.
their own skill snd industry as iarmeIs, me chacs ant
| other labOicIs get it. which IS Tie way
There is anOtheF pIOdig9gs power belonging TO Ihi
Bank, which ~ tie greatest and most dangerous pOwe
that can belong any Institutions and that is the rresyon
sibie monopoly power OF making paper money. By IN
sp0nSibe mean the not being iespOHSHe own i
diyduaI character ont property Tor Conduct powe
which cannot but be abUscJ wbieh has been abuse
by ibis Bank aud 10 every country in which such powo
I has existed
this great aon0poly irresponsible pow or of maxim
paper money that IS dangerous, aud which ail as
have said, be- abUse of ier there is no compe
t0n with il, there be cOnO over it, u las pfov
cd o! the greatest OF all every country
which has exscd,and ospeciahy the poor II ha
heeJ said, that great national in iniion was wsnieJ
contract The power OF The Sls'c Banks, and proven
tlem from making too much paper money IL H. IN Eng
land that tbey bdYe Of these great national in.tlu
tions, which intended 10 danse salu,,ry control
In 40 there have been in that c0iuy three pefD
| O destructive and vide spread bankruptcy OF cOunr
bankers ahd other tie like IS which general aud
Tun0us, hos been experienced here IL we exccf
the period Of continental money in tie Yeas 1902
100 Country Banks stopped pSyncnt, and 80 total
destroyed 60 fe years 1871, 10 rnn iG tie same di,
lressing acted again. ln iie year 1872
there repetition OF the same sunsdngs only l.,
heightened degfee, which overwhelmed With ruin hale
ners, mechanics, and many opt OF every cass and lro
which ia country has not yet recovered. This IL ti
Bank q England which reinsined bankrupt ssis relui
ing psy gold and silver for itg bills,
& years.
What IS ibis poWer osIhe Bank Is il aoi lhe power
saying, ~ lgast loi time hOW utb nOnt lhere shall b.
eud OF how much there shall bcw ho tho.
ha in difficulty shall be bankrupt sad WHO si,aii
solvent, when tsc labsufing people shall it, powo
and when shah be removeds TIN. IS dsh SIS powe
with vengeance. y bc endured il snctt an al
controlled Influence thc currency the money al