Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-11
Twcnty-third Congrcss:--Est Scss
IN sENATE.-TuesdGy, .April 5.


BOSTON RESOLUTIONS
MT nSn'oh rose 10 present the Resolutions adopted by
the friends OF the Administration, and opponents of the u
States Bank, at their grea, meeting, in Faneu Hall nm
the Eth Of March last He said that in the erca, null;
t .uue Oh petitions, memorials and resolutions which had
Deen presented TO The Senate few if any, ever came for
ward with more imposing claims respectful consiJs
ration OF the Senate. They from city great in H.
sell, and greater still in the commerce which nrices IL
the arts and literature which adon it-and the hsori
recollec;ons which illustrate it, They come from ,r,o
Poruoh oil he popuson OF that eminent ci,y5oG0 being
computed TO be within the walls and 20U0 yi,bou, .
making mass OF 1000 citizens, whose voices were unit
ed and embodied in these resolutions They were ,Jon,
cd on spot sacred TO American history and memorabIe
Tor scenes OF patriotic impulson-n that Faneuu UaU
whose name alone iinparts interest every thing
which emanates from it,
These resolutions, said Mr. b. are tyeuv. =, r.,
Der lhey embrace all the points whicl, have grown
cut oil the question which has occupied and
me public attention since the meeting of Congress-. and
are iul and explicit in approving the conduct of Tho pc
siden and Secretary of the Treasury and i'm conIs,nn
g the conduct OF the United States Bank. Concur,inp
- he heartily did, in the sentiments expressed bv The
resolutions, he ieit particular qualification in being
me organ oil their communication to the Senate
'hey would be read, and would speak for themselves.
"nd would show that any attempt on his part 10 adj ~
'ieir point and power, would be and nugaorv He
slould not make the atiemp;-he should pretend to
- over ground so fully occupied so ablv exporeJ
It he would take leave make few remarks on some
Ins mentioned IN the resolutions either of more gen
cal application or oil not to be sufcientlv ill.,
Il ited IN Tie limited scope OF a resolution
Mr.. b. remarked upon the identity of the scene which
is now presented, with the one which witnessed at
in
IL, when there was removal OF depos 10 be ch,ra
= with the distresses OF the country All the macbincTv
al ALARM and distress, in full activity AT liza, t;ns
- at present, and with the identical effects Town
memoriais-resolu ions-deputaions 10 Con-
ass-aiarming speeches in Congress The price of all
operty was shown 10 be depressed IIemp sunk in PHI
elphia from $3.50 $3.50 per ton; flour snk from 81,
barrel 10 81 34 all real estate fell 80 per cent Zoo
uses were suspended in their erection the rent of mo.
;y rose 10 IL per month the best paper Confidence
"estroyed-manu aciocs stopped-worknen disrDissed
'a me run oil ,he country confidently predicted. This
as the scene then; aud or what object? Purely and
S'nPiy 10 OBTAIN re-charer OF the Bank! Purely and
imply TO force charter from the alarm and distress m
country ior there was no removal of deposies then
- be complained Of and 10 be made the of
idied aud premeditaed attempt operate upon Con
ess through the alarms of the people aud the destruction
a. their property-Therc WAS not even cu,t,Insn, NJ
'iscounls then. The whole fictitious: hut IL
"'s case in which fiction does the mischief of truth A
Use alarm III the money market, produces the effects
OF real dangers aud thus, as much distress proclaimed
III Congress in ISlI-a much distress was proved n ev
-, and really did exist,then now; without single
use 10 be alleged then, which aIleg red now But the
Iwer and organization OF the Bank made the alarm then.
~ power and organization make. now; and fictitious on
18th occasions and men ruined them as now bv the
over oil Imaginary danger, which, in the world
las all the ruinous effects OF real danger No denosi,cs
rere removed them and the reason was as ASSIGNED h
Mr. GalIan TO Congress- that the Government b,J hoy
lowed more than The amount of the deposes from the
dnk and this loan would enable her TO protect her
st in every contingency. The open object of the Bank
'"en was re charter The knights entered The list with
eir ylzors o-no war in disguise then tor the renewal
e" charter, under the ing and jousing OF masquerade
scuIlIe Tor recovery oil depUstes.
That the real object of all this alarm, in tho cor,
all this pressure upon parts countrv-for The
section south OF the Potomac had enjoyed remarLabc
cxemplion,-he permitted to believe was IN sacnro
the re-charter OF the Bank. Such must haze hso H.,
design OF the Bank; and te manner in which The bill for
the e-char'er was brought forward, then laid over
certainly favored the idea. Ii was broupLt Eoryard
der an organizing cry Of Distress vehement
Tor immediate relief from actual, nsuIerable distress
was then laid down that might not interfere with ann
her deoa,e lha other debate came close two days;
then the bill, which fixed for the first of NAV vas
taken up to be liked again for the 2ls April; and he
lore the Zl5t oil April came important
will take place in the great States of New York and
Virginia. Thus, after working the machinery of alarm
for three months, and filling the Union Win cJos c a.,
restoration OF the depoes, the bank suddenly presents
demand Tor echarer and then adoutas that demand
urgent as it might be, until certain important elections
over!
Mr.. b. remarked upon the political character of t
BANK lie SAID II was born political institution and wa,
me hrst measure oil the Government 10 deVelope the line
winch so long, and so distinctly marked the political par
ties OF this country The creation of this bsnk ,yent -,
the origin OF party 1t went TO the source where parties
should be ormed,to principles to great and ,ndinani
principles in the administration of The Government +,
involved the question of constructive and of ganfeJ
ers; and was tile entering wedge all the implied pow era
afterwards assumed by Congress. Prohibtory tariffs :
local internal improvemen-and the whole American s,o
tenn. He said the Bank was the head of fba A,na.iS
system; ana u u was e'chariefed, it would establish
md system 10 greater power and glory than il ever nos.
sessed That IL would do was proved he said bv .bs
II was now doing struggling for those depostes which
were The lruit OF the high tariff pocy-sttgelng f, mo-
Dey, which many gentlemen held to have been 9nco,
tutionay levied and therefore, not levied at ALL bn, "a.
ken ,oruously. lie warned gentlemen who were oppos
ed to the American System not now to re.essbibP r.
eldest and strongest member Of that system; and b If
re-esabshed, would certainly set uo the whole t;,
again. especially that high tariff which furnished her viii
those surPuses Of revenue Tor the Keeping Of which Che
now shows such an inyincibIe inclination ' WV
Mr. b. remarked upon the resolution which qroke IF a.,
exclusion OF the Government Directors from a knooa,,
and participation 10 the affairs Of the Bank for the pur
reminding the American People that there ,yere 80
government Directors al this time in the Bank The ia
tu'uuon, 10 is management was now mere private ni
f, governed by the Directors Of the individual stock
hodersj welding, and using the money the name the
chTacer, ana the influence Of the u States precseJv
ihey pleased The immense power which the Govern
"rt had put INTO the hands Of the Bank was now nsed
tPenuehuy Of 'ne Government; and in the absence nj
Hcetos u became matter OF the highest moment IN The
cPie 70 have thorough investigation into the afai,s ~
WI bank TO see how Ear its Tremendous powers b,d 49,
"" Tor good' or Tor evil; for favor sGecton for Inc
,,'', or oppression OF the American People Until tIat
'lnauon was made and especially in the absence snd
zion Of ne Government Directors it was cersnlv an
~ v I'd and demand ro.chsrer " o"'e
'"' equ'iy Of The State Banks with The branches Of