Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-06-13


power And the power removal does not nd upan
legislative grapi (oueh confirmed, after il debate q,
solemn expression OF The OF the Legislature in the
act OF 800 but flows directly from the Executive ohce
anu IS res r"ed ouly 10y he discre ion 81 he President,
under the constitutional guarantees against undue
erese; matters lot, then, by what may please
to call he 1reasuiy Department. whether egslaii,e or
Executive, one, presume, will disposed 10 bspt,se
judicial ongh some OF is functions psrakc, i'm de-
gree, OF that character) the u les de voiyup uuon the
ohcet wbo pre.ides over in their very nature rir
~ Executive; ard crr re, nat only the tiwh, bn,
me duy oil The Piesdcni,in whom the Executive power
'cstd 10 supervise and control and, when necessary
to remove him. Any argument, ra n ON the possible
or probable, abuse al This power, is altogether Illogical
sno, II entitled 10 any notice whatever, goes npDgn.
Tue wisdom oi those who framed the aud does
no, touch The ques lou rroperly before US
Ilts sur have ever considered AS the theory OF
me CONSTITUTIONS carried out in p,nclicc under every sd
'nis'ra'ion But faith has sudde My sprung up
aud all who will subscribe to It's
That "ui;y and coupe powers are essential 10 The
Exeeuiiveare trsndeh as The advocates oil usurpa,ion
aud despoism. For ny self utterly emulate this spu-
rous reading OF our fluid ,menai charter, which aims to
strip me Executive OF all power, and practically TO an
n'ha'e one OF he great Coordinate Drpa, this
Government viii never TO sh solitary mar.
eie O. the power vested by tie Constitution ia the Chief
Negotiate to other hands Than those chosen b. the Peo
pc, who look TO the President and hold him responsible
Tor the faithful execution of the Laws IL England .,he
hing Us unaccouniabie Tor his adiiuisu aoute Coun.
Gil furnishing substitute for the prohibited respon.
sibily OF Tie Chief Magistrate" With us athe in
gradients which constitute safety in lie tepubIicsn
sense, are due dependence upon The PcopI.-a
due responsibility" Aud when we lok into The Con-
sitIon Tor The guarantees OF this responsibility of the
President we hnd them amply provided in his election
once ~ Tour by persons cdia,ely chosen by the
People Tor that purpose, and s being all times liable
10 Ini eachneu tisl, dismssiou from Office 10
serve IN any other, and to the forfeiture Of lie and estate
by subsequent prosecution in the law.
IL the recusat Secretary in this had insisted The
removal OF The Deposics against the Judgment the Pre-.
sidrn aud ms remordl from office had become
as the only means OF arcsing deemed by the
President only inexpedi,ni but ill., cal spprehend
al ALI tle
friends OF Inc Bank OF this Tremendous responsbiy-is
alarming nsu,paion. Sndng TO The concentration OF all
power III the hands OF Vne man-and Just as Iils of The
discreet reserved by the Bank charter being xcusiyey
comb ed to the head OF The Treasury Department.
Noone seriously main aims, believe that the RICH,
70 remove The ePostes depends Tor its merely
upon the safety Of The public money; not that the refusal
Of ihe Bank 10 comply with any OF its stipulated engage
mepis constitutes the only ground which the eposes
eau be Withdrawn The terms in which the power il
reserved are too broad and comprr Give even
shadow OF pFeieDce TO any such construction. Whe.
iher the reasons which in compliance i, the no.
quisi OF the charter, tie Secretary IL the Treasury
has lad before Congress ATE such rendered The ea
sure expcdien' and proper wle her not il was cali
Ell ior by The public IueIest eneIceit would he
out OF place 10 discuss here AS far tights of the
Bank are concerned however, feel no hesitation ia saw
ing 'hai Tie removal OF the Depostes s custody
was entirely justified by ich CLEARLY show
deoera'e, sys'smsiicai desgn, in that poraiiop
acquire srehg u and Influence, in utter disrega the
es~rnai objects oil ITS creation, and the Fundamental ar
cies oi It's charter u the charter has been violated by
the removal OF the dcposies The bank is
entitled TO remuneration. Yet we have hea ard, from no
quarter that compensation oug be Iendcr,d Tor This
alleged invasion otis tights The trud is there about
Tie same foundation Tor The charge OF broken faith in the
one case as Tor the assumption Of power
in the other.
am Instructed, far Ibis portion of my constituents
can instruct me- 10 vote ir the restoration poes
IT, sir, enei,sned different opinion in relation TO this
Executive p'oceedngiI really that the PIE.
sJen has assumed The exercise OF power over tue Trea.
sufy not granted 10 him hy The constr uiion aud awsa
the act OF the Secretary of the Treasury irectpg b,
the 1cposi,es the public lnon. sal not be made in M
~ pual AMI "a
garded as the bitter OF all tie distress embarrsss
meat and ruin already endured, and, are warned
sun greater 10 prospect- bad enough of The genuine
Thig spFH 10 Stand up against this nosIr Gus usrpa,ion
EVEN In hat case, believing do that 10 restore the
drPoes weuld inevitably lead TO The re-oh arer Of the
Bank, could not, in common eceney, for their nc.
soraon My opinions upon this constitutional que ston
was openly declared, and severely
the district aud elected l was, with ful know.
ledge OF my Incorporating opposition 10 the Bank in
every possible aspect, / could not, without n,orapt
breach Of Tie trust confdcd to me, record a vote here
tending directly, according TO my view prolong the
is~nce OF this corporation beyond the limitation of It's
charter aud thereby eventually, through vast
influence, TO build up an exiraoecus power setting al de-
nance the utmost conol ofihc Government For rail as
we awless pretesions and executive
nens would rather encounter The daring usurpa.
lions which, masked under any other lorms of Law and
the Constitution, the reckless ambition and unoly passions
oil The very worst could bring bear against lie H.
berries Of e People, than this secure
Ia her ioninon ani arsyed Ia all her char red
during another term Of twenty years
The nemoialisls pray Congress take speedy mea
nue--to quiet the Peopefo restore confidence 10 The
country, and prosperity the land" These are certainly
mos, de ~ able endss But tile part Of wisdom, ami
pIudt nee To take the proposed The putposc
rtet, OF nilgsung the existing pressure ALA Ing
the general dsconiem? When u the charter is not TO
be renewed, all lie multiplied evils OF pccuny rbar.
Basement aud suffering sIeged p evail must fail
w'Ih redoubed severity upon the country within uetioi
OF lestan Two years II the Bank is be re charter.
Ell, grant the the depostes are rcsoi, the bet,
Ter; lo then. their removal would longer be used 1,
subser'e the purposes OF partythe Excitement asation
aud panic which have Produced such dist essing ee
would disappear, aud hope to escape al least
for tom The t that furious struggle I'm
Which, under tie auspices Of most ioihdatle political
league, Tie Bank and press ave engaged break dow
this administration.
Ills corporation 10 be regarded by iis more sr
dent friends as tie sspe article 81 system
u was created moi long alter the late war with England
h the confident prediction that il would bling about !
thorough reform 10 he currency OF the country IL was
alleged, that 10y means Of such institution only could
the mschels OF deprecated paper currency be arrested
tile tendency Of tie local Banks TO OyeriFading be con
tolled and sound and beaiuI circulation nsnfsned
"ln the preference given 10 it, by lie goVeTnen nj and
us being made The depoitofy OF e public revenue hsd
operations boen conducted on sound pncip Oils
Bank mig have elected much good ~ relieving The com
nuny irUm tle ew Of eeneia Suspension OF specie paw
mens y lie iors Banks But, Instead Of going to- work
10 good ah, TO realize the predictions OF us sdvor
s bsnf hcence displayed IN total departure ON III
The established principles OF bsnkirei,s benefits ere
ilusuae Ell by temptations THROWN out without stint OF
mea'nie, 10 euPiGy and gspcen the disas rou
results OF extensive loans 10 tanners. manufactures ira
defs, spceulaios, and TO stockholders, enable Lt Il
pay Tor heir fhafes Of The captsl. The Bank coninen
ced aciive cpeisons 10 January, Is a. and niin l,
la lNfH Ht III NJ.