Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-01

every sep by higher degree Of security of credit
And this unenabc truth should make ell men
ashamed TO agaiust b,nks AMI banking being
character OF dangerous monopoly Banks pat OF tho
great system OF commercial credit aud have done much
under the influence OF good government to aid and Gle.
v'te that credit What is their history Where do we
first find them' Do they make their first appearance
IN despouc governments, and show themselves ps in
veniions oil power TO oppress the people The first
Bank was that OF Venice the second h,t o t;enos-
FROM 'he example OF these republics they were
1ou,nea IN Holland and the tree city OF Hamburg
'o"owed these examples but not until she had
oeen delivered from the tyranny Of the Stuar,s by the
tU.ouon OF 1858. Ii William the delverer.
Wa Tue conqueror, that established the Bank OF Eng
,au "ho supposes that Bank OF England could have
eNs,eu 10 the time OF Enpson aud Dudley? Who sumo
sss could have lived under those Ministers OF Charles
e second who shut up the Exchequer, that vaults
could have been secure against the arbitrary pow or of the
brother and successor OF that monarch?
ihe history oil banks belongs 10 the history of com
mefce and the general history of liberty II b.Io,.s n,
me history OF those causes. which in long course of
s, rsseu me middle and lower orders OF society
STATE o, intelligence and property i'm spi,e OF the iron
sway oil the ienial system In what instance have they
:seeu hoetty, or overcome the laws? Their very
bei'y and law. Why, sir have we not been ,au,bt i'm
earnest reading, that, 10 tho birth Of a CONNIE rcia
S 70 associations for ride TO the guilds and
u me towns 10 look for the first anne ar
anee oil liberty. from the darkness Of The middle ave.. for
me nrst fint blush OF that morning which has grown
brighter and brighter. TIL the perfect ,ay has come. And
III just as reasonable TO saw TIA, bilIs If vch.n ~
10 liberty that pron,issoy notes are Janeerous
ons 10 3a, ' .e powered regulating The coin danger
,;' oey as tbai credit aud banking as a part of ere
uit, are dangerous % liberty - r " "
moi a., nu know writer these subjects who has
instance, to show the advantages of hI;bed cry
eomna,h e ueneh oil its expansion, to degree
do not c"nn aIey py paper circulation. Or ifthey
60, mehuoh the United States, they describe i,s,
suen country; that is to say new and f,.gro,:ng
III nerto, 1t must be confessed our success has
great with some breaks aud intervals our
mas oeeh rapid, because our system has hecn roaI ~ -
e preserved and fostered credit till all ba.. Income
Interested in s further continuance and nreserv,,on n
eeP ana WIDE INTO our whole system Il social lite.
Every man feels the vibration when blow si,kes il -
encs of ,hs why nobody has escaped the u
sensitive, easily wounded and more easily alarm
everv ss" lnhnieiy ramiiieJ, diversified, extending
TIy ""ere, anu touching every hing.
mere never was moment i'm which ca p,,nv ;o,i
tec,.d h eH own private interests to be directly af.
Thsr ny mma' mas been done, and what is be done
49,; never was moment, therefore, i'm which so man.
sua'ng eyes were turned towards Congress- II ia uni
acts y every one, that this is in which the
due. s;,be, % come directly home him, and pro-
.nJ e' eoou or evil, every hour, upon his personal
anu private condition And how is the public ectaIion
swcrea ow Is inns intense, this agonzed expectation
$500 am gfieved 10 say, am ashamed 70 say, il is
answered 10y defamation against The bank as monster
s IO"u ces against moneyed as,ocracy by pretended
favor and ressrd money system and by professions of
war Tor the benefit OF the poor! We ay that &
elevate 'a n we neiet the unjust purposes of the rich
iect oil an this? What happens to the noor. AMI al,
me midiiing classes, in CONSEQUENCE of L;s ,,..r
mI1e are hey Are they well fed well clothed well
~, ~ Gu, dependent, happy, and grateful! They are
" al tue iee' OF the capitalists. They are in The laws Of
rs y ~, mere De hearts OF stone in human bosoms the
ore AZ he mercy OF those who have such hearts in ,,er
as's LOOK To the rates of interest 10
,'"'y my per cent. Sir, this measure of Government
, -; &c, millions upon millions of hard. earned pro-
AZ me FORM OF extra interest," from the
80 " ''e capitaIss-from the poor 10 the rich And
there arc ,ap putting down moneyed aris,ocracy Sir
mere are thousands OF families who have diminished moi
e' 'uAuties not their amusements but their meal ami
'e oreau' mat they might be able TO save their credit
ny paying enormous interest And there are other tbon
a: having lost their employment have lost every
x, 'u VINO YET near amidst the bitterness of their
TO the poor. ""eH - A'hoaes'
Is diihcult, SIR 10 restrain ones when y,
30 much Keen disres there is added so much
nc appearance oil mere mockery Sir lie, The svs,en, nj
VIC ADMINISTRATION 90 on, and shall soon not know our
49, "I sn"'i see new America. On the man
, nSse Cmed States have STOOD we shall behold
Ty ,"t WIN DE strange TO We shall see a class
"c Tch and class OF idle poor; the former handful
Tue latter host. We shall no longer see communtv o
men WIN spirits all active aud stirring contributing ali Of
"e,H 10 me public welfare while thew pnrt,l.e in il
p".ng OH 'heir fortunes, and bet,eng their own cond
oI anu he'PnS 10 swell, at the same time tire Gun of
e serer"' prosperity 10 OVERLOOKING. We shall see no
80 " 'n'' ereu WHICH reaches its hand to homes
eerpZe; oil that certainty of reward wlGcb cheers nm
labor TO the utmost stretch OF its sinews. of ,ha n ~
a"u '"aViuai Independence which enables every mar,
" .'y d no man Is his master. Sir will moi ook nm "
WIN not Imagine what spectacle shall he ev
1877 wren h's country not only halts, in her onward
' vs. out recedes when she tracks back in the long
u rapid strides OF her forward obsrucis creJ
uiactures ''N ''"o'"c'S Hah-
f7Ir 31e1BH