Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-20


dent Madison but by his Secretary of the Treasury MIR
Dallas, which recommendations were responded 10, by
ns Congress IN The passage OF the present Bank charter:
all ' was done with the appreciation of Virginia, who by
every manifestation OF her course, sanctioned it, And is
not something due to the coordinate branches Of the 90.
vernnen', all OF whom have expressed opinions favorable
to the consiituonelity Of Bank, And what would be-
said oil the solemn declaration contained i'm this rcso
uon u De true, that Virginia at gave her
Pned assent to the constutionaiy of Bank, and low
declares sgsinst il! II might be truly said that there was
no stability IN our political principles the public mind in
q ",s o' oSeia'on-a' one time eoncuIring with the Fe-
ue' ooNeiheht IN these aris and at another time de-
nouncing them How did Virginia act with reg ard 10
some other powers claimed by the General
which she considered uncons,iutio ua-he mc ant tie
power OF internal Improvement whether i'm claiming iu
rslc'ion over the SOIL in constructing works OF Internal
Improvement, or Mr. Monroes plan OF getting the
CONSTITUTIONS III us veto oil the Cumberland road BILL by
appopria'ing in The iors subscriptions to works OF in
'efhdi improvement oil public, not OF local character
power also conceded by General Jackson. What did
'"sa 10 D.I she give her sent in any form, Ell her
expressed or implied to these uncon t,uonal ac,. She
uu nov on the contrary. by repeated resolutions Of the
sessions oil 20, ~ and 1929 she
acts oil appropriation and assumption Of utonal
power IN the most solemn FORM Here them Virginia ia
seen protesting against the power of internal inn
'e' ny congress, while silent death the subject
oil the United States Bank, evea aiding the Bank i'm
passing laws TO give its notes circulation, by Furnishing
.e eou"erieers Of them, &c. II she thong this power
claimed and exercised by Congress, OF creating Bank,
enconsiuuonai why did she protest against Bank!
r "'hston sad' hc could answer for Virginia, because
she saw that Bank cessary and pre-.
per- that its existence essential that she did not
choose to declare Unconstitutional Can il be true that
al one me' because Bank found necessary and con.
ce"'e' we are willing TO give the power, and another
lime declare II an power! II in the s,s.
sion oil Congress OF ISl5-i6, when Virginia icd to pass
.ne BANK oil II was not unconsutionalthen that qles.
"oh ought 10 be at rest IL the argument be trus that the
concurrent opinions OF the legislative judicial aud exc.
curve departments, together with the general araues
cence OF The people, thea sufficient TO do ayav her
eohsuuohal scrupes, not the ,nuch stroye
now The Bank has gone Tor years. Irhat argument
was sufficient TO settle the cons utioni question, then,
n haflf tho .ltt,,,
light that has been shed the subject of Banks wi h the
convenience aud necessity Of such Bank. Mr. W. said
lie was saihed he was perfectly convinced, that every
member OF the committee must see the expeliencv and
necessity OF such Bank aud must come to the conclu
oo' nat Bank oil The w. s. in some form will be charter
Gu "heer this Bank acted improperly, whe il
itseto party, IN order TO procure re charter he does
not pretend 10 say the parties issue the Bank
may have been conducted improperly he feared 4, had
but That issue Cannot be decided by u.s. Let il be pr.
sen'ed before the proper tribunal and the issue tried All
a Is required on our part say, necessary, pro.
per and CONSTITUTIONAL that the Federal should
have such Bank One argument that has been used
against she Bank rather surprising Mr. that il ia
angh,y non''ei!-a manino,h-hal il is incorporated
'hg' not responsible TO the people. Put it down. and
where VIII be he monsters and ohs that will sun.
ply its place. They will be in every State, not 20
mighty II is true, and will have the patronage of Tho
fresiueht oil the United States, far too great
which will be extended the whole country He
believes already that patronage extends l ~ thou.
sSu oihcers or more, directly remotely II therefore
we put down this Bank, which is 10 onyr.s
and say there shall be u. :. Bank we mt il in tho
power OF the Executive OF the U. 5. by giving and pro.
missing avors 10 Banks in every State to WELD them at hi.
VIII aud pleasure Tor political any other purposes Mr.
Winston said ii the Bank OF the u. j. has been im,,o
perry conducted deprive OF its charter and let us have
nhohef; Ou' do not distribute executive vors 10 state
Banks, no; responsible Congress- but responsible
to The President IL we should ever have an an ambi
nous and designing Presiden he would have nothing IN
Go OUT Desow iavofs ON some and promises others of
The State BaLk', and might by such influence carry
measures most subversye OF the best interests of The
country.
Who can tell the consequences, if the State Bank,
should agree TO become responsible the President not
10 congress. Ii The present Bank be responsible
enough 10 congress, upon the renewal OF charter or
any other Bank that may be Chartered take care TO have
more under the control of that body far as the pro.
per aud Judleious management of the Bank public
saiey require H. The Government Directors the pre-.
sent Bank OF the United States may have beer treated in
excluded from the Exchange Committee, kicked out of
doors, &c All this was wrong. The Bank may have ex
tended aud curaled its discounts improperly: bu for all
this the Bank is smenabe under its charter and NAV he
proceeded against in the the in IN, ~
Pu down me Bank, and declare there ITO other
as remedy for mai administration is 10 make The re-
mehy worse Than the disease Mr.. Winston therefore
tain that BsDk which has regulated the currency which
c"s II be necessary, put the ScreDs on The state
pahSs anu check their excessive issues paper which
nes spread such ruin in the country Ii the Bank of ihe
U. 5 be put down, and there be no other he feared "
should return 10 that state Of things, which all re.
member, when there Bank OF the u s. and sns
pension oil specie payments by The local Banks
MIR. W. said, We may be told, that we are not in the
same situation noto, that tchen the Bank of the
~'"''.'su' "e"' we hdu just come out oil war
win large national debt and the sncy viiaed and
deranged; but sure there will be no tcar hereu
ter Win the consequences flowing from it, Will i, i'm sur
an event be constitutional 10 charter national Bapk
III unconstitutional noU will be constitutional i'm thar
event! Or, VIII the plea of necessity be sufficient In
the one case, and not in the other? He did not
KNOW, mat The Constitution made of such aucf;ic
materials Although now in state Of profound pesce
lie considered a National Bank, necessary and nro
per power, anu highly expedien; in war il becomes
mucn more So And can any member the Senate guaran.
Tee mat we shall have future tU0r! Such are the views
WHICH MT hnslon has submitted, and he has made this
motion now, that the question Of the nj
Naonal Bank may be tested by vote of the Comn,tes
MT ioOu said-Mr. Chairman, have felt no disno.
uOh 10 engage IN this debate and certainly should moi
nave Done 20, but Tor the position taken by my friend
oh LOUISA "a gentleman Tor whose general usefulness
ana Talented worth in the Senate, have the higies, re-
spectj) but dissenting from HIM upon this subject ceJ
bound TO present 10 The notice The Senate the difference
III our opinions aud rccoections, in relation 10 Virginia.
CONSTITUTIONAL objections TO United States Bank Tho
hrs great Inference OF opinion arising under the Cons
tuon oil the United States, between the parties which
uma!ey divided The whole population our country into
federal and republican,, was, upon the cousuonajv ot
The hrst United States Bank. Virginia was AT ,b,, in
opposed 10 The bank; she conended that the
gave no power 10 establish bank, aud nv an
OIL her OPINION some 20 years subsequently, when The
e,charer oil thai corporation subject of deer import
oher' she unequivocally expressed the same oppo.ion
Nor can her aCqussceut submission TO The
OF the present bank OF the United States be Justly on
ueIed as yielding up Of her opposon-as change in
her opinions Circumstances of a peculiar and ors TO-;
CHARACTER, and Immediately connected with cause 10
"heh she hhd taken very great and abiding Undue
ca h.T 10 waive at that time The positive of
opinions upon TINS SUBJECT But TO the banking system
III alI us varieties, Virginia has been steadily snd n
yidtingy opposed. Yet, she established orr S,,,o RI,
Now, sIr 10 reconcile this sppate, d;sc,o,e,a 10,