Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-08-05


II well known thai the friends OF the President did not
desire him to bring the subject Of the Bank his Mes
sags but deeply he Impressed with its importance
that lac thought his duty array before Con-
gress aud the country The following l. the paragraph in
the Message which disclosed his views in relation TO tina,
institution, viz:
The charter OF the Bank OF the United States expires
in 1896 and its stockholders will most probably apply o
renewal OF their privileges la avoid evils
arising from precihancy in measure involving such inn
por,snt principles. aud such deep pecunaIy Interests
ieel that cduuo In justice TO the parties cs,e
present il to the deb rate f the pgis.
lAue aud the People. Both the consi,uionsiy aud
pedieucy OF the law creating this Bank weiquesiionsd
by large portion OF our siow citizens aud mus be adj
mi,ted 10y that has tailed in the great end esa-
Dli,bng uniform and sound currency
The United States Telegraph Immediately commenced
ne discussion OF the subject la the weekly paper OF
ith December. 1929, in editorial article commenting
on tue corrupung influences Mr. Clay had relied upon to
secure his advancement. aud proceeding follows ,iz
LET no suppose that part, will suhsite. The Bank
OF the United States, rHE NOBILITY THIS coUN.
TRY, VIII not permit iepose III operates unseen, but II
will be felt ia every corner OF the country Snd in
place more sensbly than the floor OF Congress We
thank all-wse Providence ho has thero prot, ccd
u.s. thai our Chief Magistrate this Bank nothing We
believe that lis millions will lie avshed Oh members OF
Co1gess aud their constituents, purchase eehste
snd mat when that Is obaiued shall longer be ee
People IL had its exis,e"ce ia ed Hostility bro
kers IL has become the prince OF brokers Il char
tered 10 aid the Government; has existed upon the Go
vernmen Patronage-and caunot subs,t ihout il.
10 tins Bank, then, may we expect that 'he defeated
coalition viii retreat ani he Who suiposes that its funds
viii not be expended Tor the purpose omenng discord
ia the Republican party, is Ignorant OF HE infgues OF ul
prlnoipled ambiliUn," &c.
This prophetic article thus concludes, viz:
Admonishedh by the past, prepared TO the
influence OF the Bank acting sosne
before Congress tor tie purpose Of producing dsco,d in
The Republican Party. WhaEthst ques don may be- will
depend spon contingencies; aud whe,hc, the Efforts
Bank are to snbver, the fundamentals upon which
our Government ,w depend upon the vigilance OF
the People and the fidelity OF their public agents.
So much Of the Presidents Message related TO the
Bark OF the Unlied states. referred to the Comm
oil Ways and Means in the House OF Representatives. oil
which George McDutfe was Chairman.
The Opposition presses throughout the county imme-
diaeiy assaulted the President in thesnost violent terms
account, Of the lew words iFhs Message relative
to The Bank, aud endea,ored 10 make the country believe,
ata oss oil about So 100 900 had been Incurred by the
coasequ. mt depreciation Of the stock.
This month Stephen Simpson published, under his
name plan Tor anonal exehequer aud proceeded, in
series oil essays published in the Telegraph contest
both The cons'i'uronsi'y and expedency OF Bank OF
the United States.
The Morusng Herald, at New York, now began to in
dcae 'hs hna reliance OF the Bank OF the United States
on the Senate, by the following article relation to the
appointments Judge Of the Supreme Court then about
| TO be made, viz:
"Let the friends Of this institution The Bank1 see TO IT,
that the person nominated TO I'LL the vacancy enerans
right views this subject; aud should one OF different
notions be presented TO the Senate the nomination oug
| IN our minds, 10 be rejected"
On the Sob OF this month, resolution adopted in
the senate directing the Committee onFinance to inquire
into The expectancy Of establishing uniform national
currency.
Tho expenses of the Bank. printing and stationary for
the last hall OF this year. were Ss 765 In prior years
etp' 1917, when the Bank went into operation the
penses OF prlnng had never exceeded S67 10
aud had been as low 5 % and. 8 G5 90
1899 January The loans and bills $40 663 sos
In the weekly Telegraph Of the 25th OF this month, the
editor com media fomal discussion OF the Bank question:
in an arIcle headed, Bank Of the United States
viz:
"lf be true that the press is The great palladium o
lberty- the ension OF knowledge and freedom Of
opinion are essential TO tho pepetuy of republican
lotln OF GoverDmen;it is equally tue, that those
would revouiionze subven this Government must first
purchase in or num date the press. The Bank Of the
can penetrate every village or hamlet at will, aud will
spare no expense TO accomplish its Obj cI'
February. The loans aud bills were $4,000, 1914
--tf0rch. do. AZ 35I no
In the weekly Telegraph of the 2eih OF this month
an ar ice OF ~hch he following is extract, viz:
Bul Why does Mr.. Walsh " ish 10 sustain Mr Bavard
at the expense oi Mr. Jeersons Is not the answer to be
oundin the fact, that The Bank Of the United States is
n,iog. s National Gazette and Daniel w ebster for The
purpose OF notwithstanding the politics Of the counry?
On Rhe 29Ih OF this month"; Gen. Samuel Smith, hon,
the Commit ee OH Finance in The Senate, male report
national currency, in which the Committee speak in the
highest terms OF The Bank of the United steies and
oo'ahsnd i's continuance. Appended 10 the report
certain question put TO Nicholas Bde. President Of The
Bank some of which are as iollows, VIZ:
Q"eSfion Has the Bank at any time oppressed any
the State Banks?
".anS,cer. Never. There few banks fIia might
lot have been destroyed by exerion OF the power Of
the Bank. None have ever been Injured Msuy haze
been saved And more have been aud constantly
Ieved, when is found that they are solvent, but are sui
fering under temporary difficulty
sale OF bills OF exchange has the varied il so,
what EXTENT
"dns,cT. The operations OF the Bank in exchanges
has had HE effect OF preventing the great ucus
which they were previously liable"
The experience OF the country tells another tale
9PTH The loans aud domestic bills S42 6l5 I53
On The l3ih.oi this month, MIR McDuaie, from the
Committee Of Ways and Means ia the House OF Repre-
sen'ayes made eabors port upon so much OF The
Presidents Message related tIe Banks in which the
Committee Gingred entirely from President and advo
Gated uneqniyOcay The nusnce OF tai institution a.
at present gained Tie report makes loriy-fwo
IN The public documents. On the day. the anniyet
sary birth day Of Thomas JeiIeron celebrated nv
public dinner at Washington, at which Charles H. Jpick-
life, then Representative from Kentucky gave the fol-
lowing toast, Viz
The United States; They need not the aid Of any
private monqyed cofporalon as necessary means TO
III was on This occasion that President Jackson tho
celebrated i0dst-'POUR FEDERAL UNION: il must be
preserved
Two suorg reports in favor of the Bank had now been
ELECTED ia reply TO the few words in the Presidents Mes
sage; one from the Senate, aud the other Io the House
oil Representatives bch printed 10 large numbers by
oidef OF The two Houses and distributed the MEMBER
while the same documents were widely circulated hrou
the voluntary agency OF tie press some of the Bank
presses expressed hope that unicr these circumstances
opposition to The Bank would CEASE; but Thomas Cbio,
Kentucky having by gambling prolg cy involved
himself Ia debt, obtained loan from The BrSnch OF he
Unied States Bank this city, and about hi. time went
over 10 the Opposition.
h9y The loan. and b Is were sls zoe, 6o4
la the weekly Telegraph OF The 81 Of this month is on.
ained an article n reply to The Bsuk presses om bch
the following is extract, viz: