Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-01
TO THE EDITORS OF TIE ENQUIRER.
IHE ELECIlON- AND TlE RANK

I'll.
The great interest and importance attached the en-
crossing and agang topic Of the pecuary pressure at
present existing In the country, must be my apology for
troubling with few jesuory reflections OIL the sub.
jec-t is urged aud asserted by many that the panic and
pressure have been caused Ivy The Executive act of
moving the Pub &c Deposiies from the United States
Bank But how far is this assertion corroboraied by facs
The amount Of money Withdrawn from the Bank is too
small liz had been into the ocean, produce the ef
ecs ascbed TO this measures but far from being buried
In the sea Or withheld from circulation the money has
been only taken from agent vnd placed in The hands
oil many; wherefore would appear s the facilities of
circulation had been increased ra.er than diminished
The removal OF the Depo-cs has, however afforded an
APOLOGY to the Bank 10 commence systematic course of
oPpression aud SO far aud no rb has that any
zion with the existing paoc pressure as is
called How, then, has all this I'll ged embarrassment
and distress been brought abou? believe that il il I~pi.
mately the Offspring OF the asures of the Bank and
that these would hive been adopted had
there been no doubts OF Tears entertained about the char
eriDg OF that institution which known 10 be regard
Ell by the Executive and very large portion OF The peo-
pie, as monopoly pregnant with danger The Liberty,
Tor which our ialris fought and bed aud CHI
under The strongest obligations cherish and preserve
Think furthermore that this pre- has maniiesty been
greatly aggravated aud exagge fated by the speeches Of
certain members Of Congress- particularly Of the Senate;
and ibat these speeches. many of them have been made
with view 10 render the Administration unpopular aud
thereby TO advance the popularity Of those Who mi
mical to the Preden and procure the of
such petitions aud memorials teenne into the
Houses OF Congress III the Object had been TO de.
eide promptly upon the Seer etarys the reno
val, that might have been hong done; for have no
hesitation in venturng the assertion, that there is not
in either House Of Co gress, whose opinion has not
long been made up FL My to be changed by The pow
ers Of oraory oil Mr. Webster the abusive language Of
Mr. Clay the arguments Of any other man in Congress.
have 40 doubt this debe has been protracled by those
very men, who were appareny anxious that something
shouldbe done Tor the relief Of the country in order that
they might hold UP the Executive act Of usurpaion
(a' they call ) as great bug bear TO irigben the
people into an abandonment Of their principles aud
acqIiescence IN the re-chanering of The Bank But
hope the people wil neither he gulied by Senators
Ivy Bank DTecfOrs, oy Capitalists, Brokers' Usurers
Shavers ner .uerchonfs, toho trading upon Dor.
TOIoed capital, belief that the Bank is neces
sdry, Bank which has powers, the inevitable ten.
dehcy Of wbi:h H. 20 sap the very foundation OF Re
publican Liberty; and which has Afforded in lis late
measures, the srong proof llat will exercise its pow
Tor the promotion q lis views, without the re-
gard 70 The Interests rights, liberties Of the peope-a
Bank, which tresding with giant strides in the footsteps
O the Bank OF Enga1d, which has long since reduced tie
English Government TO bankruptcy, aud the eope 10 an
abjeci state Of vas.aIge VIII The rree the enIig ened,
the Repubican Poo lie OF the United States sanction the
re-chartering Of sue, Bdnh trust they will pause
before they DO and reflect upon the danger monisd
monopoly Of exclu i've privileges and almost unlimited
powers and that ihey will conclude, IN the language OF
whose is identified with the love Of liberty,
"Tbs day. hour, Of viriuous liberty Is worth whole
eternity OF bondage" II is the object Of Repub.
lean Institutions, 10 preserve the tights and liberties