Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-04-11

nfgunent ag Inc
stump ion that the Federal Bank Federal Teasu
ry growing out OF the l4 fundamental article OF the con-
sn"on OF the Bank, could no longer escape public aen-
"on. The notice which was taken OF in such meeting
and such place. would ensure general and conspic1
Gus regard in tire TO come.
Mr. Is referred TO another of the resolutions as claim.
ing particular notice, because it had reference 10
great prac,ea depending before The Senate
anu whieh he hoped would eni in legislative action II
was the one which related to the reform of the currency
the real currency OF the Consii,uuon-by charging
he specie circulation, aud Diminishing the paper
uon, within the Umted States This was the true wsy
10 reform the currency Let Congress raise gold TO its
Just Vaiue, and restore TO ancient place Of currep,
money among the people; let il repeal all its unwise if
n' uHeohsuuuona laws against the circulation foreign
CONS let get rid OF its unwse legislation and pr
mt inc enterprise Of the people, and commerce. of
The country, take their course in BRINGING i'm coin ,nd
the country will Immediately fill up win the nrecons
metals Small bank notes will become oiious 10 eyery
oody; hey WIN De suppressed by the power of the people
through me action oil the Federal and State of Ieeisa
lures aud labor will receive its approximate reward in
currency really sound inrinscaly valuable depenJep,
upon no contingency for its Safety and suscepbe of he
my usen wan due regard 10 beneficial ECONOMY
MT D. mad listened with great satisfaction TO the vari.
% ueeara' ons which had come from the other side OF
Ouse' as 10 Che prosperity of the country pre- vious
20 Tue removal OF the dcposes in October last state
VI unparalleled felicity aud prosperity Affirmed to ex
Isl In the country The memorials whc,. were n,roduc
" upon 'ne same side OF The question: equally full,
copou' and glowing in describing The happiness OF the
people, and he prosperity OF their affairs, up that peri.
ou. According to all their representations state of Ar
cauah ieicly seemed to be prevailing IN 10 that time in
.hS connuy-in This same country, which, according TO
pret
wih ruin and dcsoa,ion ii Gen jackson was e,c,eL po
slGen'! Mr. b. said was for so small an obiec, as
% contrasts or exciting disagree able recollections
"' ne REFERRED 70 these prophecies, prolselv made
or so long period and now publicly contradc,eJ by
.ne whole body OF the prophets themselves A higher
ana noOier object animated him Ollie ct ,b
The safety and the good of the country He wished hv
eca' ing me recollection OF these unfortunate predictions
10 inspire dstrwst, il possible in those who MAKE tho
VINO hearthem Those who have been so great.
yssaken heretofore, ought to admit , oi
mistaken once more and should adhere with less
10 ner prediction OF ruin, il the federal Bank is
aowed 10 expire; those who have heard these preJc,ious
ana Deeved IN tem and acted upon them should now
nos,ioa , "cy oeheTe and act again upon prog
from Old sources which have led them into So
much error heretofore They should hesitate b.,ora I
"tneve In prediction OF ruin TO the country from the
usso'u'lon OF This Bank, coming from the same nronbet
VINO SO long prophesed ruin The country from The cc
uoh VI Gen Jackson; and who have been emploved ror
m'on,ns past IN pIocIainng the happiness of the
tu'"J "nuer MS Administrations. They will doubtless
- ""ch mistaken Ia time TO come, as they have been
hi pas, ana should no longer put faith in predictions
"n VII, nave been so deusive and dece ptious.
Mr. H. then moved that the resolution be read pr;ntcd
anu e 'ie "sua reference 10 the Committee Finance.
MT. KIDD said lac was not acuaed in the course which
nc should pursue by any question renewal or otherwi
OF me charter oil the Bank OF the u. States and since b.
Gehean IRON Missouri (Mr. Benton) had suggested that
Tue proposition to charter the Bank had been permitted
" s'.eP LOT uiec weeks 10 come, until certain
elections should have TRANSFERRED he wouII
n%a tendency 10 produce political effect Oh those
events, lar statement of facts should 90 Corth -
From 1897 TO 1911 the country was IaboIina nmIo
the suicture OF an embargo. He was here wben ha
n'wo a was oi'ensaged tom that policy, and when
war was 'ne result. In consequence of this tho
money market was reduced, and uron the gonn -
OF me OLD Bank IN the limited state OF the circulation Sc
'ee pressure was ie This the gentleman altribued IN
hc'iiious alarm, which he (Mr Bibb) knew 10 be mis-
take, Tor great distress did in fact and verv exis lie
VI % was lst by the property holders from one end
VI me country 10 the other And what succeeded W.
got rid OF the old Bank but in its place we haJ I "
9a'e banks substituted, which, like the blood OF the uv
IRA IN iaOuons history, when il she'd many UvJras
sPrang up from it, and which have been ~ ,
Jay ana Ihe great question was how were we 10 coun
ne proposition alluded TO, TO lay the bill to re-
enaer me Bank on the table, made with DESIGN
10 cover this or that election, but because Tho st,h
rom massachusetts, found he could not get on win %
o-he discovered that the majority was apains, II ,n
IKE prudent general, he moved TO Law il On ,b ,ahi
himself When the of 1872 closed the RAM va
ana The gentleman from Missouri said that il
was Pocai BANK And who made the war hut tho Great
no"y oil politicians TO whom he (Mr bb then belonSeJ
oh looking at The votes oil those who made the Bank he dis
who protested 10 be State Rights men il could nor har
gone Into operation The Bank was made nv the renui;.
pdty anu oy arepubican Presiden it was no, sustain
ed hy any paper money system, and thoe who suS,;n
~ held the stock OF the Government The paronago of
me government went hand in hand with the paronaSe of
he Dank' The stock OF the Bank of all other Rant.
would make It's way and be held by the rich and
men VINO desire to live the interest OF their money.
on NC ooaru OF I'rectos OF course, if chosen from
MI. d. uiscialmed any friendship the United State
binE' ana also to The State institutions. He believed the
whoe system was vicious in its nature liable 10 convu
siohs, storms and empess putting i, i'm The now.r -
men, by alternate issues and conractions of RI $50
W "''nS rum ana obstruction the community nd
e'eo'e instead oil re-charterng the United States R,nk
as permanent system, he thought we OUGHT in ,n, o
a'ehuoh 10 much greater evilthe checking of the ma,
per systems not rashly, because honest men were i p
session oil The paper Tor value given-wo TO be onvarn
meh VINO should knock il down sudjcnIv and nil
our providing an adequate substitute. He had M ds;
10 ue'ehu he United States Bank, but lie thought vheus
'e gentlemen objected to the power OF the Bank thev
ought 20 remember, that II the same amount of r.,i,
were u'iueu among suDdry State Banks the Same inan
ehce would be produced by them as was now pro,,,no
10y d' PARK, ana 10 greater extent The effect was as
ihseParab!e as the shadow from the substance ,
hulcatonS oil The extraordinary increase of banLs in III
quarters were not soon checked he thought i, vo,I H.
eeesSaty LOT Consess to enforce the provision in The
Co"s'u'on which prevents the States from ISSUING bj,s I
circuit OF necessary consequence would be grne,,I
DahhTupcy By being in favor OF the restoration nj ,h
deposes' he was not in favor Of the bankbe nroceoS
on me lmPcIious obligation imposed on eyerv inv;,ai
ciuZen TO be honest 10 do justice, TO comply with b
engagements, and when the Governme nj had m ado an as
gageneDi, with the Bank and received value for i, - a.
amount oil one million and half of dollars besdos o,h
important advantages, IT now found the Bank uncons,i,
uohai ana were wagng crusade against il vbcb he id
no' ana Gould not approve of and which was in vioI
lion OF justice and honesty. ." ''''"
Mr.. Benton in brief repv IN tbe Soro,.. r. p,
lucky (Nr Bbb). He said that he hoped he hal ~,
himself both within bounds Of truth and of
practice, in what he had said relative 10 ths Jatan '
charter DILL Il his bill certainly BROUGHT forya, 49,
ger great press oil urgent necessity of Immediate n
-'oFeIleVe Tie distresses Of the country Afor so, H.
oae IL was LAID upon the table until the first of Nav The,
us discussion might not interfere with debate If pror
oSn' hi' debate oil prior origin, ceased i'm tyo dave
Gnu neh ne re-charef biil was called up not for action
mat immediate action which the dstre of . oo,
were supposed TO require when it was first broucI, Ivy
WdTd-bUt TO be fixed for discussion G,r t o., W.