Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-22

western country TO the Bank OF the United Sates-let
Them reflect on the vast proportion OF fixed landed capital
compared with the active money capital OF that country
and then let them ask themselves whether any people
earth WILL can reasonably be expected abide with
patience the sale OF their property, OF their very dwell
pgs, under the hammer OF the auctoneer in order pay
debts due to the Bank OF the United States which their
direct interest as stockholders is compar avey trivial
Whether 1t be not unwse and cruel put patriotism
oil any people TO such test events rapidly approaching
may serve to shew. The love oil the Union is founded
on just sense OF its advantages ALL the loyalty OF Tree
people TO government is as il ought TO be, founded in
perception OF lis blessings and must when il be-
comes curse might look TO other parts OF the Union
which present the danger under diiercn, aspect; but
VIII not pursue the subject, which, indeed 10th TO
touch. IL the alternative shall be presented, whether The
charter oil the Bank shall not be renewed because IL
unconstitutional, the Unon and with of course, the
whole Constitution. shall be put in jeopardy, the People
VIII weigh the subject with anxious care and debera.
ton.
liz please God spare life, aud the possession ofmy
facoes, the People OF Virginia shall understand all the
alternatives likely TO be presented TO them. They mus,
decide When the question shall be, whether vital and
permanent change shall be wrought the fundamental
principles OF our Observation-Disclosures effect any thing
shall be done Quilted, the doing omission OF which
shall lead TO rcvou'onthe alton shall rest
my sole responsibilities il shall that OF the sovereign
suade opposes but in the end she'll be able discover
myself from her. follow her deslines; stand by heris
all events.
But, sir The question concerning the renewal of the
charter OF the Bank of the United States is or rather
would have been, the Bank had been permitted quietly
expire without viola Of faith or law SO com.
paravey indifferent wi me, that been with some
difficulty that have, this occasion, brought my mind
TO the consideration OF il. should have been willing
see the Institution so down-content to the
ton struggling under any degree oil inconv enience,
enduring any endurable state Of want, making any
crhce oil property but cannot consent 10 the leas,
sacrifice OF liberty. We see the President openly us.
sum ng the power TO dispose OF the public treasure at
his pleasure, and by his independent power--lending
II, through the fundamentally OF his Secretary BY
haii millions at time, without any appropriation by
law, TO favored State Banks, avowediy for the purpose
OF enabling them pay their out it, aud 10
he I'M
lend TO body corporate, why not to natural person
ihere no conceivable distinction in principle. We
INN al the same time, Through the instrumentaity OF his
Post Master General, borrowing money at six per cent.
interest, without precnce OF any authority OF law and in
contempt oil an express provision Of the Constitution
ing such power in Congress. We see him taking away
the public dcpostcs from the Bank the United States
on allegations OF MISCONDUCT nowise affecting its 6s.
cal agency, which he must know TO be matters Of Judi
cal cognzance, since he declares he would have order
ed scare tdcids against the Bank, but for the time
its charter had Our most essential liberties ar.
seized into his handsthe principal that dstn.
gus our republican system, obi by ton
OF an assumed, and hitherto unhead OF
The President procams TO the world, that neither
opinions oil the people the voice OF the Legislature shall
alter his course OF The Constitution falling
10 ruins around us Shall we sat here celebrating whe
Their the charter OF the Bank shall be renewed or uo or
what avail deliberations? would, by no mea be
wanting IN courtesy towards the gentleman from Massa-
chusets; but, Tor part shall hardly be willing even
TO consider the question Of the renewal the Bank char
ter TILL The just authority OF the Legislature and the vi
tai principles oil liberty, shall be vindica,ed and secured
against all assaults Our torehers of the Revolution re-
sisted principles which, if admitted lead 10 opprcs.
slon-they did not wait till actual oppression was ie-;he
stamp act and the duties tea enforced They
revo'ed against the assertion oil by the British Par
lament to bind the colonies in all Cases Here
me most paipaoy unconstitutional prerogat
~ Claimed by The President bat exercised persisted
in; and If he shall succeed in establishing them the pre-.
ceden will be decisive and fatal The influence OF such
precedent be estimated by the use which has been
made oil the example by Me- Crawford while the adj
minraton OF the Treasury Deparmen mt in his hands
That gentleman was not appointed succeed another
Off spln GpIfn al,,st,. Ia, a..
erection cOniided 10 him, 10 withdraw the depos,es
from The Bank oil the United States at the Presidents
bidding SO That at most, the only question which his
conduct presented was aqueson upon the construction of
the charter OF the Bank reasons for which the
Secretary nigh, withdraw the deposites. Neither did he
Withdraw any money from the Bank, which had been de-
posted there; he only omitted transfer TO il money.
which had been previously deposited some OF the Stale
Bauks-conssng Of balances OF which the Rank OF the
United States was as unwilling to receive he was
make the transerand the Transaction of so little con-
alteration in his mind, that he forgot report proceed
ing, and the reasons OF it, TO Congress-; neither was it
ever approved or sanctioned. am viking TO ac.
Wedge Mr.. CraYford's title 10 respec but must saw
that considering the circumstances neither his example
nor MS opinion on that occasion, can have OF
authority TO justify excuse the measures of the
Executive fetis preceden, has furnished the defenders
OF the Executive, their most imposing argument!
Sir the contest Is between the constitutional PRINCIPLES
OF republican government aud the principles monarchy
were unnecessary and idle 10 inquire whether Pre-.
siden designs to subyert the Constitution? Political
put into aclon often produce effects beside, beyond
contrary TO the purposes OF the actors. When Eng
consented 10 the did do
with design to make Cromwell Lord Protector
When BOndparte usurped the OF Spain did he de
sign 10 subvcIt his imperial throne? And yet was that
&C, OF all grasping ambition, that iaied buner which
reused the spirit OF resistance in the nations of Europe
that accomplished his downfall.
The recent disclosures have convinced me- that broad.
metallic basis than exists, absoluel, necessary
10 sustain our extend OF Bank credit and Bank
paper currency; and readily that this may be
partially effected by State Federal leg satoD-wise
Judicous legislation mast protest against the pow err
OF the President TO accomplish such an object however
desirable make the remark, because the President told
one oil those commit ees, that recently waited him with
memorials that lie meant 10 restore a metallic medium
circulation 10 the country and that ia order to do this
lie proposed hrs to stop the circulation OF all un-
der len dollars, by placing hc public deposies such
State banks would issue below that denomua
ton, and by prohibiting the receipt, in pay OF the
revenue oil the notes oil such banks should smaller
notes. and that, afterwards, like process would be EN-
poyed oput out OF circulation all bank notes under the
denomination oil twenty dollars That he should think
the Executive power competent TO adop, aud enforce such
system oil policy, could excite no mans surprise.
But what am going TO Renon is very remarkable, and
1t is equally remarkable that ii has hitherto attracted
the least notice The President being asked when he in.
tended TO commence the execution oil his PLAN answered
not till after the expiration OF the charter the Bank of
the United states. q am only stating the substance Of
what he said, from memory.) Now wish have i, OBJ.
served that the charter OF The Bank will expire OH the
LIST March, 1885, and the Presidents OF office on the
4 March, 1887, either he designs accomplish this diff.
6cult operation OF restoring metallic medium OF crcula.
elected Tor third term, and perhaps another term
after that for the probable duration OF his life will hardly
be equal TO such work. do not affirm that such arc his
designs, but lie has taught 10 his words aud TO
compare bis subsequent conduct with them. His words
often poentous We have no light by which we can
fto aft