Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-07
POLITICAL.
Fseh suo more.

~.SPEECU OF MIR. BENToN-oF MISSOURI,
Deiioered in The Senate of the United States asking
neicdi of the charter of the Bank Of the United
States february 3D. lssl-[CoNrINuEp1
Ill. object TO the renewal of the Charter, Mr. Presi.
dent, account OF the exclusive privileges, and anti.
republican monoP ly which il gives to the stockholders
individuals, the exclusive legal privilege
L. TO carry on the trade of banking upon the
aud credit and ia the name, OF The United States OF Anne
RIGA.
q To pay the Of the Union in their own pro-
mssory notes.
g. To hold the monies of the United States in deposit.
without making compensation los the unjrawn balances
To discredit aud dspMsge the notes OF other banks,
by excluding them from the collection OF the Federal
revenue.
8 To hold real estate receive rents, and retain body
oil tensnuy
6. To deal in pawns, merchandise. and bills of ex
change.
T. To establish branches in the States, without their
consent.
8 To be exempt from liability on the failure Of the
Bank.
g. To have the United States for partner.
10. To have foreigners Tor partners
IL. To be exempt from the regular admin .tration Of
justice for the violations oil their charter.
IL. To have all these exclusive privileges
them as monopoly, in pledge OF ihe pubc sih
grant the like privileges to any other company.
These the privileges, aud Ills the monopoly, of Tho
Bank Now, let us examine them, and ascertain their ell
iect and bearing Let us contemplate the magnitude OF
the power which hey create; and ascertain the coapai-
biity OF this power with The sale OF tins Republican Go.
vermenf, and the rights aud interests i.s equal
constituents.
1. The nane the credit and tie revenues OF the United
States, given 10 the OF this company, and
stiue in themselves immense CAPT al To bank upon
The Of the United States like that OF the Kiug
OF strength; and this strong oniwork
60 defend the citadel OF noaird corporation The credit
OF the Union is incaculsbe; aud. OF This credit going
with the name, and being in partnership with the United
States, the same cooperation now has pos csson. The
Of the Union twenty six millions of dollars
GLIDING the Post OiIice and all this is capital in
the hands OF the Bank the by
IT, and is payable ia its promissory notes.
u i'm their
notes. until Congress shall Otherwise order and direct
This part Of the charter incredible aud extraordinary
II may appear The pfomissory notes OF the Bank
TO be received in payment OF every ia the IT, States
may have 10 cell discharge OF every debt due her,
until Congress- by law, shall oIerwi-e direct so that if
this Bank, like lis prototype in Eng Land should pay.
Inent, its proussory would be receivable at
every custom house, land Office post Office, aud by
every collector OF public les, hroug hOul the Union
until Congress shall meet, pass repeating law and
promulgate the repea-Other Banks depend upon their
credit for the recevabIliiy OF their bu, this ia.
vored institution has lIw on is side, and a chartered
right TO compel the reception Of it's paper by Fe-
dera Government. The mmed aie consequence Of this
come virtually bound stand security tie Bank a.
much il she had signed bond that effect aid
must stand forward 10 sustain the Institution in all emer
gences, in order TO save her This is what
has already happened, years ago in the early
progress OF the Bank, and hen e immense aid given
by tie Federal GOvernmen, enable il tie Crisis
OF ils own overwhelming mismanag emrni.
- 10 bold the monies OF The Uncd States in deposif
without making compensation Tor tIe ue Of the ,ndra WIN
balances-l bis is right which deny, but as te Bank
claims IT. and what IS more material, enjoys u; aud the
people OF the United Sacs have suffered extent
IN consequence Of tls cl,im AMI enj,yment SHAH no,
sii 10 set IL down to lie Of Tie Bank Lea as
Then examine The value OF this privilege its effect
upon the the interest Of the community; and in the e.
OF these undrawn balances from the establishments OF the
Bank TO the present day Here il is Look Read!