Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-10-07

4. To iscredu and disparage the notes nj All o,her
n,nk oy excluding them from the collection VI the iede
raj revenue This results from the cole con no no. the
collection, but the recep, OF the revenue having been
committed to the Bank, aud along with the virtual exc
cu'ion oil the Joint Resolution oil 1916 the COL
lection Of the federal revenue The execution of thai re-
solution Intended 10 be vested in the Secretary of the
Treasury disineres,ed abiier between rv bank. hui
may be considered virtually drvolved upon the Bank
oil the United States, aud pow eruy increases the cana
Guy OF hS institution to destroy, or sujuga,e. all other
o'rks The notes oil the State BAnks, xciuded from re-
venue paymen = discreded aud disparse ed and fall
into the hands Ut brokers all places where they are
not issued and payable. They cease to insuae al ali the
points 10 which the exclusion extonds am informed that
the notes OF the banks south OF the Po'onae a. Olao
even those OF the lower Mississippi generally refused
at the United States Branch Bank IA ST Louis and il,
'quence. expelled rom circulation Missouri and
illinois, anu The ncighbong districts. THIS exclusion of
the Southern notes from the north quarter of the
Unon is injurious TO both parties as our travellers and
engranis chiefly from the South, aud the hole OF
our trade goes there TO find cash market The cxclu.
son ss atm told (for have not looked into the matter
y.ei) Is general, aud extends 10 the Banks in Virginia
the two Carolinas, Georgia. Aabam,, Mississippi and Lou
sans II this be the sc the Joint Resolution OF 1916
v'oa,d ior under the terms OF that are
several Bahks ia each OF the States hose notes
receivable in the collection federal revenue: that il
TO specie paying Banks who's notes are PAYABLE and
paid, IN specie, demand Yet consr of exclu.
sion from the u 5. Branch Bank they are excluded from
all The land offices, in number which dcposie in that
Branch; and being excluded ion the land Offices, they
cease 10 be current money among the people. n ira.
Weller, or emgIant brings these the country or
receives them in remsnce il trader accepts then, in
exchange Tor produce, they shared out of their
hands. aud sent out oil the country This pecuns,y
injury done the Worth wesi il NAV be more II NAV h.
political INJURY also; Tor 1t contributes break the com
nuucaiion between The two the Union and en-
Sourages the idea that nothing good from the
south,-Sor EVEN MONEY! This power 10 disparage
The notes oil all other bauks power njure ,hen and
added TO all the other privileges Of the Bank Of tie IT,
Is A POWER TO DESTROY THEM! II any one doubts
this assertion let him read The OF the President of
the Bank 10 The questions put him by the Chairman
oil the Finance Committee. These answers are append
eu me committees report o The last session Of
the bank and expressly declare the capacity Of the Fre.
eral Bank TO destroy tie SseBanks. The orihy Char
man (Gen Smith OF MIDI puts this question: Has The
6a'h al any iihe oppressed any Of The Stale Bunks ?"
The President (Alr BdIl-) the whole world would
answer to question OF oppression, that had; and
THIS response much the nerrog atory required
But 1t did not content the President the Bank lac chose
TO 90 further, and 10 DO honor the Institution over which
he presided, by showing that as Jus. and generous "a
was rich aud powerful He, therefore, sds follow
ing words, Tor which, seeker after evidence 10 show
the alarming and dangerous character of the B,uk re-
turn him my unt.igned aud parionable thanks:
"THERE ARE VERY FEW BANKS WHICH MIGHT
NOT HAVE BEEN DESTROYED Ely rxERrIoN OF
THE POWER OF THE BANK"
This is enough! proof enough! no, fur me alone I'm,
Tor all who are unwilling to see moneyed dominion set
upa moneyed ogarchy established in this land an he
eh're Union suejs"ied TO its sovereign will The po,cer
to destroy all other Banks Is admitted and declared. s
inclination to do So is known rational beings to re-
side viii, the power! Policy may restrain the de.,royirg
faculties Tor the present; but they ess am! will come
forth when interest Pr mpts aud policy permits They
hare been exercised; aud the geuc prostration Of the
Southern and We.tern Banks s,,ess the f,ct Ihcy
toW De exercised (the charter heing rrnewed) AMI
the remaining State Banks will be swcm wiIh IN.
bosom OF destruction Not that all will have their
signs knocked down, and their door closed up. Far
worse man 'ha' 10 many OF them Suljngaton. in
preference 10 Destruction, will be The fate OF many-
Every planet must have us satellites; every tyranny
have its Instruments; every knight is followed nv Ls
squire; even the king oil beasts, the royal ousdrnued
whose roar subdues the forest, lave small subser
Went animal 10 spring his prey. Just of this ImperaI
Bank. when installed anew in is formidable aud Listing
power The State banks, ,pared by the sword viii be
passed under the yoke They will become suto'Jna,s
uacni llpir MA IN, 4
suherdnaton will be degree below the rank of the
iSgiima branches; their business, perform the work
which II wond he too disreputable Tor the les Ultimate
branches 10 perform This will the late of The State
banks which allowed keep up their signs AMI o sci
open eir doos; anu mus the entire moneyed power
me O1on would TALL ino the hands OF single in
shtution, whose memorable and Invisible mandates
emanaiiug hom centre, would pervade the Union
giving, or Withholding money according its on 90
veregn viii and absolute pleasure. To favored
STATE; TO Hd idual class individuals favored by
the central power, the golden sire am of P1ctois won
flow direct To all such the municen mandates OF the
High reciory would come the tabled god made bis
tei'rsr' isit oil love and desire eloped shower
o. sod. But 10 oIers,-to those not fsyored-anJ To-
those hated,-ihe mandates Of This Dire Glory would
be as 'ie planetary plague which hangs it, poison i'm The
sick a death To them death all who minister TO teir
wants. "hat stare oil tpiug'! What condition Tor
conederacy OF State! what grounds for alarm and terrible
apprehension when, in coniedsracy OF such exlen
many independent States, many rival RI
ties so much sectional jealousy, such violent political par
ties such fierce contests Tor should he but one
monied tribunal before which all the rival and
elements mus appra!bui sing lie dispenser of moue
10 which every citizen, every trader, every merchant
every manufacturers every planter, every corporation
every cry, every Stale aud the Federal il.
sel' must apply, III every emergency for the n,s-
pensAble loan! and Ibis, ia the face Of the fact that in
every contest Tor human rights The great oisd ins,ii
IONS oil The world have uniformly been found on q side
OF kings aud mobiles against the lives 4nd liberties OF the
people
To hold real estate, receive rents and retain body
OF Lhanty This privilege is hostile The ma ure Of our
Republican Government aud Inconsistent with the nsn,e
aHd design OF banking institution. Republics want
Teehoders not landlords and enants; and except the cor
pofaort III this Bank, aud in the British Els, India Conn
pany there Is not incorporated body OF landlords i'm any
country upon the lace OF tie earth laws euanAte
rom legislative bpdy.-Banks Instituted 10 promote
trade aud Industry, aud aid the government and s CHI,
Of banking argument in avor OF This Bnk-res,s
upon td idea. no one, when this charter was qranteJ
presumed TO speak in isvo oil incorporating society of
landlords especially foreign landlords TO buy lands build
houses rent eneneDis, and retain ienaniry Loans Of
money was The Object in view, and the purchase OF real
eslde IS Incompatible with that olsc Inste al of remain
iFg bankers, the cororators may turn land srecustos
instead OF having money TO lend, they may turn YOU out
tenants to vote 10 application for loan they NAV an
s"er and truly that ey haycno money OH aud
aud Tie reason may be- HAT they have laid il out in land
ms seems 10 be Tie case al present. committee f,ir Le
g.Mure oil PennsyiV as nsi applied Tor oan ,e Pre-
sieni OF The bsk, nothing 10th make loan 10 mat gre
Slate 0r weniy years longer than tie charter has TO
expresses las regret ~ lac bat limited and i
adequate SUN The funds Of the institutions he SAYS will
not permit II 10 advance iian eight millions of dbl
lars AnI why! because il has invested three u,ions l.,
real rstde! 10 This power 10 h0fd real estate is SUI
persdded the means 10 acquire it, The Bank il nov
Tue gfaest monied power IN the Union, in the event
OF ihc renewal Of It's charter II will soon lie The sole