Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-05-09
AHichmond. Va, FRIDAY. NAV ..
Inc NuHlfer vs. 1he Sfate Banky

's as,o..1a.o.ao, va, Friday. May ..
The .vtttifsr ps 1'he Sfste 8ooI,, -"
I'VE bsve that Virginia IS still Anti bank. snhoush
there is addressing perception Of the necessity Of SOM
hstn'ton TIM ~ rtenlstc the currency better Than 4,
can be done bye s!sjsssa.s IN M, Ia ~
jec'ion stands il ffcr way Her
dreaded the coniY which lSovernn,ru ia a. 49,
h"nk eonstutd as is The Bank Of ,bc ,1'9 u,,aes
Time alone can ascertain whether fhe
,ne eagae Of Executive pets under Exccu,;v roll or
LAX, "'n proper moalisauon'. - r. s. Teicstph.
State Banks when used as Gsfiscal 81 So
ment, every guard and restriction viii, " 'ie Gove-
n,' s LSseuys w'' Is not TIN an afer ,"', .
possible 10 make any arrangements 'oogt
State Banks, or an association OF State k"ng the
OF TIE Government Tor ths purpose which agents
BILE to much greater objections Than IN vho' De ia
aganstth Bank Of the Unifd Sises, WA ~" urged
er 10 create an associations State bspks b., we pow.
create Bank OF the United States dcnTi v WYE to
such association be Bank ethe United 81 ,'ln not
Gent more corrupt aud NOR Dangerous. n, ~, sss si
the couniry!"-D. ""e -
These are the omino,r Sims ne ,h, ~. - - -.
pops, was .ne nIs irsf}of Stale Reats ho went
10 constitutional State Bal siSIr fsai,,t - NJ,
Infer, goes for rc-chartt of The N,;I,.I a. g.
twelve ycars-And, lerele hive tha,rl IL, ~ ~
: . Iel,l leaning to sop institution N N.,s,NJ -
,Np F" iesulae tne prrency better th,n il can
10 "one 10y the STATE BokS"-and in anodler oni
,' 'o'u,y con'ehdihg, TIT the u. 5. Go,ernnent
's JUST hs same PotceF create Bank Of the r.
=. as 10 create an associfon of State Bunks.n as
mo is pleased TO call i;:rr, in other wss;sr ~ e,
p'oy the State Banks as already estass Inv The
state Legislatures as The fiscal ogen,s II ~ r.
'ei"''en..-lbs is The plain question ip,be case
a anu IL we therefore understand the peleqranb
S ,. "s aoeuo's arighi we may look otrfor new
u,"hersets-7By the next session we .xpoc, tc
ma most OF the Nuiiers fyour SINE Rbh,s non
Po' c1cetgcel the friends of the Nutionnl' Rant IN
Preierencs to the State Insttntionsl ''N' "
Outo's metamorphosis indecdl-and cur;ous ;s
nro,t' snnuy wnich 1t is to be excused.-Tte Tele-
tn
we Po'G 10 create Banks-but what tben3 wiz
Iio' nc United States has no mower IN s,,,Io,'
as its fiscal agents. WHY not3 Where =
pc CONSTITUTIONAL obJection?-Wil the Telegrnpb
t'ess It's own argument further; and is ;,3tan,Ied
p contend, that the United States! Inn TS ~,
p,wer 70 create roads and canals MS Il; hi 90 the
orua roads ana canals for the transportX& ofits
mars And by this process of logic are VA isoto
eve ease national system Of Internal ,Impro,C Il.
>-S.ss up9n us?-Thel argument is as Ala, \ 81,
would be dangerous.
LIE States have tho power TO charter r.. - y
Those Institutions therefore cone,i,u.:s
they can be used by The U. States as the deposio-
res for ITS funds, just in the same manner as char
tered companies private inividuals may use them
they have always been so treated by tho most
1astidious consructionists of the Constitution.
what says MIR. Madison in his celebrated speecb
IN l|9l, IN which he demonstrates the unconstitu
uonality OF the oldhssnnk of The United Stotes2
nut The proposed tank could not even be called me-
esry 70 the governtenl; at most II could be bn conve
its uses 10 hfEovernment could be supplied Ly
Ne"ns me iaxes litfe IN advanceby loans rom n,.
uSs-oy The other oanks, over which the government
''a nave equal cop tnd nay greater as may gram,
eu'e 10 hese The pHvilege, made free and rrevoc,
u - VIC propose oank, oil using their in the
What says Mr.. Jefferson in his Cabinet o,;,;on .,
~,ie SEINE time? r'' ''
ihe ers,ng Banks will, without doubt, enter into ar
t.,Hv"N iof ienhng heir agency, and the more syora
Ne as there will be arompeiiiion among tbe,s for !,
1880. nus ui'i delivers us up bound the National
lrPaf In nl,.s. Ill
own TERMS aud The pubic not free on such =, 10
~ ny p pspK ihst OF Philadelphia, believe now
business by Their post notes, which, by an arr
"ft"r" "ihipe re7rury, paid by any State eoliec
Tor kwhom they Presented. This ,xyedient aone
,"L % prevent the existence Of that necessity which
mas uily InSn of non enumerated noxer az
"e'ns'ior carrying i'm effect enumerated one The
.nng may be done. 81, has been DONE and well done.
w'nIu. hl''ssump'ion therefore, it does not stand on
Wa. oegfee "a necessity which honestly Justify II =
~ may ne 81 that Blink whose bills would have ,r
The States, would be more convenient ,ban
one whoso'tFehcy sliaited to single State So i,
would be 81 more convenient that there slould he
Bank whoseiils should have currency all ovsr ,ha
world But does not follow from this superior eonve
me,'cy thsvieFc exists auy where power TO establish
u.p pan, wat the world may not go on very well
~. The SobRauks, therefore, are consistent with
<cnstlD ~ The National directly violates 4.
This is anS<A image beyond Prce-for, If we once
suffer the pic isare TO run through the Constiui-
how many csLS f'ises rnay not be introduced az
the same time NJ the 2d place, these institutions
may he selected d the repositories of the public
iunds-and seleciR and guarded, both by Congress
and the State LegVpures, by such restrictions as
may prevent ExeAlive abuses The system bas
also Diner decided advantages. 1t is always within
The compass of the legislatures, which chartered
mem, TO put them DOWN whereas Bank of s.
UOO,OOO can never be extingushed, wtbout ipyoly-
ing lie country in great embarrassment and distress
ana nguD--the Stae Banks have less power i'm other
respects. They less dangerous to our Liberties
iban one gigantic system, which stretches IFS arms
10 every State in the Union; regulating the excbano
es ana the markets. affecting the press and the Elec
lions; adding unduy to tie strength orthe Govern
nent when it combines with il, or checking its pro-
per acton whenit opposesk No stronger evidence
could he exhibited OF It's enormous aecendapcy than
mo few strokes with which Mr.. Walsh accompanies
he official statement ofits present condition (p Ibis
day Is paper:I W. '''''
% fe',sre the RESULT The Bank mas risen above sIi
lhsf eiofis and now, pursuing its own course win, m.
Gam and fearless strength, hears only to eonfeu The
H"'0'"ss Of the disappointed Cahal and ter PsfIlzsns
TIE VICTORY IN HANOVER.
mr.. hoane has some consolation in the midst Of
- deieat Well may he he proud, when his oppo-
Ffs mink linn OF so much consequence as 10 re-
&C nj it'-The Washington Correspondent of the
FCbarIeston Courier writes on the 26th dit
here has been good deal OF excjtetn,nt here 4,
consequence OF the defeat OF Mr. Roane the Jackson
Candidate for the Legislature 81 Virginia IN Hsno,er
county There was wine. drinking 10 consequence lsst
night, al which most OF the opposition nicmbefs ol.dne
no" were present Some ten Solve dozen of wine wal
consumed IN honor OF Ibis victory, which seems I, have
pren equally unexpected on both sidcs Mr. Clay made