Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-10

Bank. In its behalf there ATE barriers erected
the citizen aud his oppe the wrong and the
remedy--oe"een the law aud the offender Instead OF n
iSht u sue out seire fGcds quo ,caranfo The in
Joied eitzen, with an humble pe'iuon in his hand must
repair 10 the President OF United States or 10 Com
gress, aud crave their leave So N leave is denied
sind denied II will be- whenever the Bank has peculiar
Trend IN the "a esdeni. majority OF such friends in
,o"geSs Vhc convenient pretext being always at hand,
a The general ceydTe requires the Bank 10 be susiain
edible can proceed further he machinery Of the
law canno, be set IN motion aud the great LAUGHS
Hou O,hHd his barrier the resene nj OF its
helpless victim. Inns the Bank for the piaiuest viola
ton oil its charter and the greatest Of the cit
zen may escape the pursuit Justice Thus the admins
raton vi justice subject be srang in It's birth for
mo shelter aud protection Of ibis Bank. But this not
all Another and most alarming mischief results from
The same extraordinary privilege Ii gives the Bank
drect interest I'm the Presidential and cleo,
ions III gives l. need fer friends in Congress and in the
Ifesuenuai ch"lr Its late, is very existence may Of
Ten depchd upon the friendship OF th- President and Con.
ges anu In such cases, IL is not in human avoid
using me immense means in the hands of the Bank 10 in
huence the elections Of these officers Take the exist
ing isci-the case TO which alluded at the commence.
men OF this speech There is case made out ripe with
ud cia evidence, and big with the fate of the Bunk Ia
Is case oil usry at the Of 10 per cent in yiolnon
o. Tue Charter, which only admits interest OF g. The
acs were admitted In the court below, by the Banks de-
urrci; the law was decided in the court above by the
supreme Judges. The admission concludes the facts; The
concludes The law The forfeiture of the char
Ter u established; the forfeiture is incured the aophca
ion oi the forfeiture alone wanting put an end to The
institution An impartial President. or Congress. might
iet he laws take their those OF different tenper
i"ish lniefpose their cefo. What crisis Tor the Bank,
behods the sword oil Damocies ned over lis bearl
car an interest 10 keeping those away who might suffer
IL 10 have all these unjust privileges secured to the
eorroraors AS monopoly by splsdge Of the public Faith
70 charter no other Bank This is the hideous es
lure In the whole mass OF deormty. Ii these banks are
oenehcia institutions, why severs one at least and
esch independent OF tue other each great ction of
onon' malignan why create Que The restrict, n
constitutes the monopoly, aud renders more inyion.
what was sufficiently hateful in ITSELF IL is indeed
double monopoy-leg.ative, as well as banking-fo tb.
congress OF 1916 monopozed the power TO grant these
monopolie IL has tied the hands OF its and
II this be done one subject and for 20 veas w, no,
upon all subjects, and Tor all ue Here Is the form of words
which operate this double engrossment Of our sights.
NO either Bank shall be established by any future Ia,p
OF Congress during The continuance Of the corporation
hereby enacted; for tchieh The filth Of Congress i,
heTe0y Pfedged; with provso for the District Of olo,
pa hnu, mat no accident might be wanting complete
nc uue OF 'h charter TO the utter reprobation of ,ho
Hepubhcdns this compound monopoly aud the very Ior
oil words III which is conceived is copied from the char
ter oil Tie bsnk OF Englsnd-not the charter of William
and Mary, as granted in 1884, Tor tho Bill Of Rights
men fresh In the memories oil Englishmenbut the cha.
vel as anehdea' anu mat Tor money, In the memorable.
reign OF Queen Anne when tory Queen tory M,oisr
tory Parlameni, and the apostle Of torysn in The er
son oil Dr. SAchevere with his sermons OF divine right
passive obedience and resistance were riding and nI
ing the PROSTATE liberties Of EnglsnJ This is IN. nre
cous period, aud these the noble authors. ION which t.
idea was borrowed and the very iorms OF words copied
wch no" ngure III The charter OF the Bank Of the United
States, constituting that double monopoly which restrict.
once Tue powers oil Congress- and the tights OF the CHI.
These, Mr. President are the chief Of the exclusive
privileges which constitute the monopoly OF the Bank Of
he United states have spoken Of them, theytle-
served our as my abilities permitted. have shon mn Won
bat ihey are lot evil in themselves, but copied from an
e' example now wish 10 show you that the Govern
eh' from which we have made this copy has condo mn,J
the originals and after showing this fact think shall he
soe TO appeal with sensible effect TO all liberal inJs ~
onow he enlightened example oil Great Britain in &c ting
u oil dangerous and inydous institution after having
followed her pernicious example in assuming it, For is
purpose WIZ have recourse to proof snd viii from
British State Papers OF 1925 will read extracts rom
me correspondence between Earl Liverpool first Lord OF
HE Treasury, aud MIR. Robinson Chancellor Of the Ex
chequer, side and The Governor and Denutv Co.
vernon OF the Bank oil England the other; the s,ie,
ueng 'he renewal or rshrT al, the charter II
the Bauk OF England.
THE coRREsPoNDENcE-Exr
Communications from The First Lord Of the Treasuv
and Chancellor Of he Exchequsr 10 The Coperno1
ana deputy Governor Of The Bank Of England
" The failures which have occurred in England. un,c
comPaned as they have been by the ZANE occurrences
In Scotland, tend 10 prove that there must have been An
un-od and delnsive system banking in ono mari Of
ufea' Britain aud solid and substantial 10 The
than fhy Books 0hrce char,ered1 and these Rank. hayo
stool hfm amidst all The commissions in the money mar
ke' IN England, ehd amidst all the slrcs.es TO hch tho
manufacturing and agricultural Interests in Scotland %
wei as Ia England have been ccasonslly suhject-
Banks OF this description necessarily be conduct.
ca upon ihe general UNDERSTOOD and approved principles
o. oahA''g' lbe Bank OF England may per-
tension Of the tenn OF their exclusive privilege as TO the
metropolis and us Deg hbOrloOd the wear 1879 "a
The pnce oil this concessions Qmmediaie surrender of
exclusive privieges) 1t would be very much to bs 70
gfetird that they should require any such condition.
:; 1t Is obvious, from what passed before that Per
lament will never agree to it. Sucb priv
ieges are out ri fashion; and what expectation can the
Bans, under present circumstances entertain tat lc
Will be ncwed ~ Ian 1871.
fnsloer N The Court Of Directory.
Under ile uncertainty in which the Court Of Directors
hnd themselves it'll respect to the death Of the Bank and
we eject which they may have the interests of the
Bank, MS Court cannot feel hemselyes justified in ,e
commenting TO their propreors to give up The privileges
winch they now enjoy, sanctioned sind confirmed as il Is
,oy The solemn acts OF tbs Legi.laure."-Jsn 20
Second Communication JrOm The Ministers -ExTnAcr
The hrs Lord Of The Treasury aud Chance or Of In,
ENcheqnrr have considered the snswer OF the Bank Of tho
2Oh inst They cannot but regret that The Court nj nj
recofs should have declined TO recommend 10 the Cou,t
OF PIopetors the consideration Of the paptr delivered nv
he h's Lord oil the Treasury aud the Chancellor of HE
ENchcqnei 10 the Governor and Deputy Governor on The
lon hs The statement contained in that plper sppe,ts
70 he hf LORD OF the Treasury aud the Chance of tbs
EXchtquer, full and picil all the poin IN h;r
IL related, that they have nothing further 10 add somsb
hey would have been, and still are ready TO answer az
lar az po'tle any specific questions which might be pn
Tor 10 purpose OF removing e ainfy in which the
Court OF Directors stale themselves be with rssuect q,
TIE details OF the plan cgesed in a,I
Second ensWer of ne Bank.-ExTeAcr.
"Ihe Committee Of Treasury (Bsnk) having taken
INTO consideration the paper received on the fri ord o
hs treasury aud Tho Chancellor Of the Ercbeouet date,
January 23I, and finding that his Msssty's Mi.teps o,
severe ~ their desire TO pfopoe restrict imnetlialey
he exclusive privilege OF tho Bank, to the number I
partners engsgcd ~ banking, certain Distance fto,
Tie metropolis, aud also continue 10 be opinion that r
lament would not consent 10 the prVicee AT ts
expiration OF the period Of teir present charter finding
also tisi tho proposal by The Bank, Of .sbsluy Ranch
4 L.. 4.