Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-11
MR.. RUSn'S REPLY.
Sydenham, near Philadelphia, !
MAY 26 1891


May 26 1884.
GENTLEMEN,-I received your letter of the 25th Of
shortly bei.re lis date All public meeting Of citizens OF
Adsou conIy, in Vern ONT opposed 10 charterng the
hauh; the FIRST Of which demands my special thanks.
being Ia ierIn, Than which none could be cordial
Obiging. Coming in manner unexpected aud spon.
aneons l. doUUly grateful Your resolution asks
my views on the points ioowing
l. Whether the charter OF Inc present Bank Of the
UhiIed ales ai er has boldly entered the political
arena, attempted 10 corrupt he press snd wage with
the government, would be dangerous tie peace
the country and the safety OF our tee Institutions"
q Whether the pressure in the money markv, "has
suited from the removal OF the public deposiles from
the conduct oil the bank; aud whether return OF the de-
posiles without change in the pusued by the
Bank, would materially tend TO relieve mitigate that
pr ssuie."
Whether she lac vote of The Senate of the United
Saifs censing The President for the removal Of tie de-
posites, il warranted Ivy lrer constitutional powers
Upon subjects much discussed beloe the country
the above have been in official AID ell ways | almost
dread TO euler, Tor fear OF edounes.; bu, you are
pleased 10 ask my opinions, will give them with lie
Ior every oltzen should exercise when Illus invited
lie nature oil your c0nInuic atoms proof tJi although
The sui jeets may have lost their novelty. they have not
ey lost their incres; nor ha, lley in mine On
hc Contrary blended they with lac highest cojera
tons OF public policy, fruitful have they been of STRIFE
aud so big DO 'hey still seem with it, HAT appeals but
the stronger 10 the public duty of every czf H. 10 con
tribute his mite II called pPou, towards the rgh' under
standing Of tIeIn.
! sm Of opinion that the rc-rbar,er Of the bank
oud, in lie words of your resolution. be dangerous to
the peace OF The country aud the safely OF Tree ns-
iuiious think 80 for your reasons The bank has IN.
tered the political Not TO this, would be blind
ness ls friends do not in ELECT, deny i; but say
u did 20 trefe, IL rom necessity, not choice and
with no ohei object than 10 defend ef against acks
regard lie plea unsound II puts the bank in po
slon no gwen TO II by the law or ing in Tie
81 thgs II starts Ia error aud gives bad direction 10
what follows II conlo0nds 6ist elements Tie affoehs
meant, those contained 10 tie Presidents eo and
her state papers from that The President is not
The whOle gOvefumen'; but he forms the Executive
branch lie represents the nation in that branch
He Is lkewise ordinate branch q the legislature.
The concurrence OF former President was requisite 10
tie law cgeAung the tank. IL All act OF duty if lie
thought such an Institution necessary The OF lie
exciting PRECEDENT not less act Of duty IL h. ia
turn bought hstis charter should Aud for tie
bank 10 consider ts constitutional oppOsiii0u attack
II so, b. assumes tcprescdbe or the government
fl to pass upon lie acts Of udi.pnahle
au.hUuy u undertakes, Your resolution remarks 10
wage war wih 'ie government. Hence, The very
papers OF Europe, own sre, al this moment fom
what Is 100 obviously the fact speaking OF war between
our government aud Tie ba0k.
There j. something novel in this fact To have pro.
duced b., principles and feelings fundamentally wrong
have beeD at work Where, will be tie purpose
my search. II ough tobavs happened, hst banking
company could have raised itself condition Of such
co-equshty viii tie Coycrnneb Of great niOn or any
is bfsnches II is dparagng its dignity 10 is
authority, add, cmpbstesy, TO is safety The last s
struck A. IL eUeg TO be threatened with the hostility OF an
ovefgfOwn moneyed institution planted the heart Of the
land Neither the passions the just inefess OF
such an institution, ought 10 have dangerous sphere
open TO them, the plea OF self defence, or duy
plea It's sphere may he q very useful one, IL Il
keep within Us but Il is sphere totally different IL is
busnsss.likc, moi worlikc. The plea sggravaton.