Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-01


notes under twenty dollars, and thus metallic cur
rency be ensured for all the common purposes of
life, while the use of Bank notes Will be confined
to those engaged in commerce.
The same Delegate having inquired when he pro-
posed put this plan in execution, the answer was
not immediatcly-not until the expiration of the
charter the Bank of the United Suites. Go home,
gentlemen, (said he, and tell the Bank of the IT, 5.
toelieve the country, by increasing it's business Let
the United States Bank make no run upon the State
banks, and will take care thut the State Banks
make no run upon her. Let the war between the
Banks cease, and all will be well i'm forty EIGHT
hours. Tie Bank of tho United States is trying to
crush the State Banks. Tell the State Banks that
VIII protect tiiem and that the power oil the w. D
Bank Is nearly gone and that It will bo compelled To
cease its present course. Here of the Delegates
observed to the Presdcnwe are, many of us, sir,
connected with State Banks, and yet we know of no
such warfare between them and the Bank of the
United States, rs you speak of 1t does exist in
the city of Plode.h There is, on the contrary
the utmost good will and harmony between the Il.
states Bank and tile other Banks of our city, and
nearly all the latter in favor of re charter To
which the President quickly replied, 1 know all
about II, sir; know that some of your Banks have
combined in favor of the Bank of the United States.
have examined the whole suhject, and understand
IT better than any you. have looked impartial
~ at both sides of the question, and have the best
Information the subject, from Maine to New Or
leans, from the most undoubted sources. learn
this morning FEB. lily from New York, that stocks
are ris'ng, aod that money is becoming abunant.-
Let the Directors of the Bank pursue their business
principles of Christian benc Violence aud all will I've
We'll Let them wind up the business of the Bank,
without attempting to break down the government, or
lorce rc-charter and it will die with the blessings of
thousands; otherwise it will have the of mil
Mons, have read The the Scriptures, gentlemen; and
find THAR when Moses assembled the mountain the
children of Israel rebelled, aud made golden calf
amd worshipped IT. and it brought curse upon them.
ihs Bank will be greater curse. have no hos
unity 10 the Bank; am willing it should expire in
| ,tn
verhincnt, have measure in contemplation which
will destroy itat once and which resolved to APP
ply, he the consequences to individuals what they
may. The Bank has in circulation ten millions of
checks, which l have no doubt are illegal, and
which will direct the State Banks to refuse i'm paw
ment of the public revenue. These checks must
then be returned upon the Bank, and will drain her
of the specie she is boarding. This measure will
apply, unless the Bauk desists from its course.
Here the Chairman remarked that the Bank was
perfectly aware of the design of the Executive i'm
reference to the checks, and gave il reason for
not extending its discounts and for retaining so large
an amount of specie OIL hand; that daily and hourly
applications for relief were made by our citizens 10
The Bank, without effect that the Directors of that
institution felt bound to husband their resources.
and stand Ola the defensive while so serious n wen
pom is i'm the hands of the Executive. Well sir re-
piled the PRESIDENT let them do right, and will not
nJure them; but If they persist in measures which
deem oppressive and UNJUST, they must expect to
| feel my power.
|
ana certainly not exaggerated sketch has been nj,
tempted by your delegates, the President very fire.
qenily used the expression that lie was deternin
ell 10 place and TO leave HIS Government where
the saScs who framed the Constitution found md
lett H. and also TO place the currency and revenue
oil the country where the sages found and left it, Ii
occurred to several of the delegates to ask for an
explanation OF phrases which conveyed 10 distinct
or tangible meaning TO their minds. Their histori
cal reading had taught them, that tile trainers of
the Constitution found the Government i'm anarchy
and left 1T in order; that they found the curren-
cy and revenue in ruins, and left both i'm a state of
exalted prosperity; and that of the instruments
by which this change had been effected was n Ma
tional Bank, bearing almost equal date with the Con-
stitution itsclf-a bank of the same kind which tIe
President had stigmatizcd us conriyance
above and against both thc Constitution and the
law Feari"g, however, that it might lead TO con-
roVersy about facts and history, and unwilling to
contend WIN one whose opportunities at Ieas; had
Deen better fhan their own, they absiained from i'll
quIrcs winch their curiosity strongly urged, but
which promised 10 lead TO useful result
The interview had now lasted about an hour and
dur'ng that period, 1t had been impossible for the
delegates, without unpardonable rudeness towards
The Chle Magistrate Of the nation, explain to him
their business and their wishes. II had become OH
vious, moreover, that hs mind was prc-o cuped bv
view OF the subject, which would neuiraze the
eHects OF facts or reasonng that he regarded the
"Hole question as u contest between the Bnuk on
the one hand, and him and HIS Government on the
other; contest in which the people had no con-
Germ, except they might array themselves ms par
tZalIs of either; I. AT he considered his own mower
and the stability of HIS Government siaked upop
the issue; and, consequently, that the arguments of
those who dsclaimed connection with either marry
and owned no allegiance but TO truth and Justice
and the common veal, would either be rejected
without hearing, Or if heard would he utterly dis
regarded
The delegates, therefore, as soon as this pnnf;,l
and las free citizens, they must add) humiliatino
CONVICTION was forced upon their minds, take
leave. One of their number seized the opportunity
OF parting word to say, with emphasis that to the
PRESIDENT and TO his conduct i'll removing the pub-
lie deposl,es, tue citizens of Philadelphia attributed
tho distress under which they lubor. His replv In
ihIs remark was but repetition of assertion preyj-
ously made, and the delegates retired with no couse
OF compliant as 10 their personal treatment but in
dignant that the voice of more than ten thousand ci
tIzcns could be deemed by tie President unworthy
his attention, and with sad conviction that the bpl
places of power, in a land Boosting of its freedom.
were closed and barred against unpaatable trutl,.
This report is signed by Elhu Chauncey Henry
Troth, Mordecai ID. Lewis, Merit Canby. John :
Warner, Fisher Leaning, Joseph H. Dulles. Jsnnc
Macauy, Joseph McIIvaine, Joseph Smith. Thomas
Fassltt, James Martin, John Sruthers Samuel Com,
~, Caleb Cope, Thomas Fletcher, Gideon Scull
Bella Badger, Robert Il. Potts, BENJAMIN Naglec.
THE GIRARD BANK
Some days ago we announced that the "Reien of Ter
ror III Philadelphia had compelled the Directors of the
Grard and Western Banks 10 memordlZe Conpress-tle
former Tor The r,-charter OF the Bank United States
anu e lder Tor restoration OF the deposites The me-