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

ID
People cannot be blind upon this subject. n The People
had not put such power OF their hands, would
There have been such contest with II an i'm
mense powers capital OF S35 0O0,0 00 instead OF being
distributed through the country in State Banks and else
where had not been concentrated in The hands OF few
bankers, could these bankers have made such stand
against majority OF the people, And whnt did these
BANKERS desire? They desired have the monopo-
~ power for another 20 yearsthey desired in order
make per cent upon their capital. This is the great
cause oil the orerradng, first OF the Bank then the
whole country. The Bank ought have regulated and
confronted the Stale Banks, but IL did not. The Bank
wanted to make per CENT this could only done by
lending more nouey than ought TO have been lent The
temptation was TOO great the Bank did resist ~ the Bank
has been the greatest overrader tho Bank has led tho
country into the distress. The Bank has make
per cent at this hazard to the country, this per
cent above what great capitals in the cities have been
worth inhc United States Tor some years past il we ex
cepiih late period Of panic and distress This per
cent, the Bank has right to, much clear de-
duciOn from the general profits oil the country put
the pockets OF n few individuals.
Here is Beak with capital OF $4,000 600. which in
contest ior its existence, brings upon the Co
nment, upon The State Banks, upon all the pccuniary
concerns Of the country, which, they depc nd upon co
hdence, are OF all things liable TO be DgedThere is
now cause enough Tor panic suddenly il is out that
every body has ed much they must paw
Why did not the great national institution prevent his
why did iey not Keep the State Banks in check why did
they not control the trading community and reuse TO erd
so much money? Why, plainly because they vaned TO
make the per eent--Ihe State Banks want 10 do the
same thing, and now have the panic and distress
Gentlemen, is idle 10 talk about robbers and thieves
having RON away with the Constitution, aud having ihus
ono at least OF the great OF distress. There having
been too much paper money, there pressurt the poor
pressed HARDEST in all such pessure the rich being
first seized with the panic Withdraw their money rom
circulAon old business is suspended; business not
cnder'aSen and OF course aboures thrown Of
poyment.
will not pursue this part OF the subject here any fur.
ter; the Bank cannot be re-chareFed and insli.
tuition will ever again see the light u the United States
As monopoly, cannot be re-charteed The true idea
OF monopoly that OF privilege granted some and
denied to other Such is Bank privilege, and this can
no ,t,,a tIt
discuss our Bank SYSTEM but il is plain that il
Diego great changes and stand monopoly; this
would he to subyer fist principles These changes, ii
wen considered and adopted not IN heat ana passion but
with moderation and wisdom, cannot but prove SOLITARY
Ms Chairman, tAerc is another for The derange-
men OF our aars-lhe dsgaceIu distuI Dances that we
have had; the DISTRESS the panc and for the d. euess
lame naion also IN the mind Of every considerable man
IL ~ that suddenly the HEADERS in the United States Sc
nate and through them large body OF respectable peo-
pie seiDed with political phrenzy. These Scna-
tors IN the most disorderly leave their seats and
run about nom city 10 city, ProclaimDg The alarm! They
declare that The people robbed Of tcir treasure that
they duped, anl cheated Of their liberties that
they are already at the heels OF military usurpcE Mr.
Chairihni lei ns be moderate, and beware that in OPP
posing this phrenZy, do catch the split of H.
Ibis is the language used by that distinguished man
who is tho leader oil the Opposition in these Northern
States =" That unless efficient measures be-
adopted before we separate, have such summer and
fall befose us, country has not expeienced In
sense this has literally become true lor iner gum
and fall for work and crops we certainly have
not had for long while. But Ibis is not that was lore
",
season. u s the gloomy, dstrusil mind in regard TO
public Affairs and The gloomy politics. az the mt
has 50 often shown Ia' has again and again disturbed bis
mind aud led him into false prophecies. What evils do not
men aFpreheud when they give up generous trust i'm
those Whose designs are as good as htr own; when they
lose all confidence in the geat multitude oil their fellow
citizens and their hearts think that all viz
ie aud Intelligence is confined TO their own parya
Instead OF there being dsre's, instead Of such
disastrous the country had the Using of
Congress like Tie clearing up Of great thunder
Storm; and still the stolen restored ami no
hing has been done 10 ge back the Constitution and
re-esihbllsh the a"s!! What lesson to political vic.
lcncr
MIR. Chairman, this, in my mind, is subject compared
win which The Sank sinks INTO insigniGcance. mean,
sir, that confidence in u'e and intelligence of Tho
people is gone This Is loudly proclaimed, and made
secret Of The Tariff the lndsn difficulties The I'm.
tcrnal Improvement question Nullifcaion have all
ia few years been poiued The rocks upon which
the Constitution was 10 split Some Of these questions
are aifeady disposed OIL nearly 10 tie satisfaction OF The
whole country What d rcbuke to this Bank yiofe nee
Each OF these subjects has had its day. and served The
purposes o. party strife Tor Il is impossible for
fellow citizens, who have private views or long
cherished preludices, not in the Bank question tho
same Wild spirit OF exaggeratOD the political here
sics That have been often manifested within the t4-
siX years. III is said that the country is governed by
man, who has the heaat and Hiad 81 an usurper, who
has shameully til. Laws aud Constitution nj defiance
and ia such way necessarily lead despolisn and
the destruction OF their gov cfnmenI IL is said that the
people cheated out OF their hbeie' that they have
not The virtue and Intelligence 10 support these free ns-
'"''o"s 70 hos''o"s ihat many OF The leaders OF this
party speak OF experiment having failed and that
many OF Tie most distinguished IN their tho
subject ia this light. Here is difficulty very differ ent
from that Of lie Bank liat will pass away and be-
though it had been-but Ibis ~ III endure
! lear iOr long whsle This is poison that will long run
cDunys veins; II is disorder Of long Standing il
OLD error, il has been the Of good men sc-
knowledge, bat II ~ which experience should long
since have corrected. lie show you that an not in an
| error in these slatcnsns, will refer to the proof
We have bsen told, that the President in the remov N
of ihe Deposes, had mhled the purse and the sw ord
The gentleman Who unfortunate candidate for tho
President place, said, tn letter 10 Phade phia Com
initee, ab0U the Of lie last session of
Congress, shat the line had when il is 10 be
decided whether shoald should submit 10 mill
aty usurper Is another the Committees that went 10
being le foot OF dc throne, unpSanis driven back
II said 'hA tie President had TUNED his arms ap3inst
the Senate. that The Republic IN danger" That he
spoks iie sy Of The Imperial Caesars The degrading
Senate Rome. Tia, wasuecessafy get back he de
pestgs IN order 10 the Constitution ard heal the
wounds that hai beeu inflicted "Tha, il the Administfa-
ton should 20 obey have gone on shall see ne "
America; tive map whore the q. states Stood, we shall
be hold county which shall be strange Us. In other
wOds IL Tie Dcpositcs restored free America
would be no moio. Why do these uunpcts send foi
.heir pcais OF wer iIOm tic bailemenhi Why, j ask
w,s Because 'he PRESIDENT aud Scuaie dier in llic
leg. construction Of tie lew measure the re-
moyal OF thu DrpOsiios. because whole Slater law.
yers Judges, aud lhe great mass OF people differ
upon ti,e subject pass by The opinions TO tie
ptotes tor they have been misnef prcted
misunderstood, every thing there Is but matter
ouinou between the Restdcbt and lho Senate. III, re
j. nothing that know, that las been, Is 10 be scet
upon bacause then the Depostes have been cause,
a., / 10 bc removed "thst We are 70 have America,
aud lt 10 hc vexauon Of plteus ard the confusion
p,pils ue maps, aud systems Of geography
be imposed npon schools. Aud that children WHO ia