Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-15


soho rom, or necessary consultation with, its neigh.
boring institutions subject, 10 the law; nor Is there
any community OF liabilities further than has been before
and II viii be seen, that nothing in those
haoiues extends any community OF security TO the
s,oekhoije OF the separate Banks, any community oil
IHK and hazard, beyond the obligation 70 contribute
The one'haii OF one per cent. upon their capital stock
yearly, IN case insortunes TO other institutions should
make such call Necessary. Are we then IN h ,o,J
that his conneSon between independent Banks con.
suutes moneyed power be feared as /. The power
rank oil Twelve millions capital welded
oy sing'e board OF directors. by single set of oli
GERS and the whole force influence of which for any
purpose, may be directed TO single object aud 10 sin.
Sw poht al pleasure! Sir, said Mr.. w. do see
me analogy. The New York Banks are about seyen,y
IN nunoer emeodying in the aggregate, less than TWEEN.
v"reo nions oil capita each owned separately by SO.
parae stockholders; each having separate objects ami 60
para'e governments; all the TO healb va
sup open 10 each against all the others with no com
o interest or band oil union but the coning ent liability
TO The triniDg contribution before stated lahiIy O., 80,
the most not greater than is required TO restrain rn;,o
competition Are these Banks such mon, cd ,oS.r =.
, w COMPARISON with the Bank OF the u States
~, ."'ynve inill'ons OF capital welded by sinyl,
manu- ihe republicans OF New York think not and hencs
e"oose 'heir system CHI the lesser evil and
'uN 10 fu themselves aud the country of the poyer and
u"ehce oil single institution, which thew consider lar
geious 10 liberty. This is my answer to the honorsLIe
Senators remark that we seem 10 be ncons;.,n, M %
10 ear The power OF the Bank the United States
Banks. f ~ 'e Vi '"' S'''o
MIR, Presiden' said Mr. w. il has been said be,e an,
mere DO not now refer to any remark OF the Sc
major IRON Massachusetts that this From IL
"'e banks oil New York, might, by repeated failures
oeeue perpetual aud might dangerously weaken those
institutions Sir, said Mr. W, il am not in error ,h
S'a'e oil Massachusetts, imposes permanent ,x ,,no, IN
VIC Jams chartered 10y that Commonw al,h of one ncr
ecu" Per annnn Tor the suppoCt OF the government This
TAX just double the contribution which can h. i,,osa
upon he safety iund banks, and is perpetual without CON
uosehcy II, too. tax Tor the support of Tho Sal. no.
'efhnen', IN which the banks csp have M r,.rss, 81
ssquent TO the payment while the contributions from ,,
80, hv'N banks enure to the benefit OF banks them.
serves, ailue oil one OF the in .,i,u,inns - W.
consume 'he iuud. May not then believe liza, ,n,r.
"'" " upon ,hs point will be no longer eDtcrtsned
me honorable Senator entered his protest ~ hat
ne called The war wsged by the Prcsien, ap,n, IN. r."
propose, MIR. President, 10 examn. Tho i,c,s T.;
b 'o"o'etsy and feel great confidence in being
aoe 10 satisfy those who hear me- that This nr,.s, S
o'n The wrong quarter; that the protest, on -,
h ~, ouu come from The other side. In what manner
Ss e resIsn! OF The Uaed States waged war upon
va rus inquiry will be answered by ref-rrnce
10 MS various messages, but will not trouble Tho Sn,e
u''ner IMAM TO read from a single one find in do %
i.", 'es'aS", communicated TO Congress- On ,L eli I
vi Decenher, 1929, the follow notice of IN. hi way
ne charter OF the Bank of the United sa,es cx,rss
r. anu us stockholders will most probably apply for
renewal oil their privileges. In order 10 avoid tc ell
resulting from preciPancy in a measure inroIv;na sn.n
Important principles and such deep pecuni,rv irsrss.
som ia IN Justice TO the parties interested too
I, " 10 TIE deliberate consle ration of tbc Lois
H'ue anu TIE People. Both the constitution ,Iv md En-
,p'eney o' creating this bank well questioned Inv
."se portion oil our fellow citizens: and il must h ;
teu by all, that ii has failed in the great end r h;n
ing uniform and sound currency - " 0''"'
IS s"9 mention OF the bank made in the frs, mes
sage OF The PRESIDENT, and what isi, No, An ,,,, .,
n.e.'ee WIN the chartered rights and pvilerss Of w.,
, ", ou timely expression OF doubt as to the pro-
and nroci conveyed in the mlest lanruar.
h pJeetng from The best OF motives 10 wit U,o 81
.ne eTiS resulting from pre- ipancy in a me,sur ;t
lug ue important principles and such deep pecuni,rv in
y" as this declaration of war agnip.t H. ID
" DIS II an act OF hostility to that insutioS TIM. =, @
10 prepare IN time Tor its final close Was il wron j.; nv
, 10 ywat he knew to be true tina, Lo,l Tho
ard The expedency of the law cre,,;no
,"'s oanS are well questioned by large norton Of
.zehS VAST waging against the bark IN 60
chosen CO pc OF Its re-charier Sir the bank has
,e" SO 10 consider 1t, and in a publcaun recoru"
maue oy lis board OF directors, the parapraph ha
,es" from Tie message of 1929 termed an a,a, ron
the BANK Notices of a similar character in ~" upo"
were taken OF the Bank in tile two olIowna u"Saee'
sages, and ia 1882, when both Houses oC Cnm Vs
VII 20 re-eharter the institution, the Preside mt bi
" w. ana III respectful message coinmupcatoJ H.;
reasons Tor that refusal this boLv Ti j.; ~, e "'s
ae "1Seu against the Bank, and the honor,h. s.
wa ,h, tueky, (Nlr' CIay) upon late occ aston told
vs. , a uese messages were all mon con,n,,a, Jocm
men's; that they did even make kDown 10 uDeu
ana e country the opinions Of the President in re,,s
."e n""S: Permit me now, Mr.. President said A. w
TO examine the other side OF th, con,nyerw "1I w
d'ey alter Tie publication Of the MESSAGE NJ ~. pi
dent IN December, 1929, the Bank comr,sncn, -,
asSs ms reelection BY lis hewiny ia exnsnt;
lures ior The printing and distribution of matter ralc,d
s , intended TO influence public upn'on commenced -,
ttroush T,, 'ad were continued in an increasing ra,o
.Lougn 'h't Whole Presidential tenn II made 7,seu
poucai instrument and acted in open and vowed n;,;
y 10 me RESIDENT Who does not know sir tla, II @
eise sums paid Tor printing. were 90 maid ior ,,i,;
political mattei' Who does not know tba, 3D., p",ng
maze In this body upon the Veto Message in & 1sas
cd,cuiaed aud intended 10 influence the eec,,ons NJ
ne coming Ia! mean no disrespect, tir ia apv inG
V,uus ny tne remark The speeches upon ha, occ,s;
could not fail 10 have that tendency nor can |,
u'a ihey were reprinted bro ably distributed
because they were Of that character Iii also
s,'o" W us mat IL caused 10 be printed and snrc, go
% ""o'e country, newspapers and other political nubIi
"'vn9 WIN PFolIsion never before Witnessed mon
similar OCCASION These were The frs, stems IL, H., VI
w"ged oy The Bank against the President Ipon ro,
occasion, IFS Board OF Directors have ;ssueJ ~ a.
anu id'u upon our tables, commune a,on In wh;si
u 10 marx the Character OF their hostility tbev cI,s -
Fesiuent oil The United STATES with the persons who co
te'er 'her notes. and tell that, as kindred suiec,
lhey have received, and will receive Li,d,o Je''S,
al The hands OF the bank? is not this sir ,.; ne''
against the President? Aud who then should 80 va,
pronounce ihat The war is moi uaged by The pr, J,
asdhs. me bahR, nut war waged by the bank ag,,o,
we rtesoe"t, ana as such, protest against it, The
eIIonTy WIN protest against IL, the People who have
ees'ed Inc PRESIDENT do aud will protest against il
The honorable Senator minated. in The =.
remarks, that had, upon former occasion m,do ~
peal 10 The prejudces Of the People against RnLs e.
nave male no such appeal. did appeal o the;r col
sense as applied to the inform alton before them in
uoh 10 me conduct oil this institution 10 which h,v. @
referred; to its Interference with the elections NJ
ne government; TO ITS open and svowed political ,c,nn
10 It's treatment OF the President Of their choice iii 49,
Peal 10 me patriotism and love OF liberty oC flo po,
"Sd"st aus DdhR Tor having thus excred Immense no
neytu power 10 coriupthe press cDdsnger the safety
ree institutions aud control The Government Til, snnoi
dd make, and understood the hon Senator in the ]
ne's OF DEBATE 10 permit himself 10 characterize %
Tic harsh sppeIlation of fraud. Sir tl, NAV be G L
hoTaoe geDuemans opinion, but in matters of nj. ."N.
oP"'on Is eVoTy ming Entertaining the opinons cr,cr
Is 'he i"Perous duty Of every representative oI lie
OF else where TO make and reerae tIoso an.
peaIs not TO the preiudces, but 10 the in,eligenco P
lie urpItp