Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-01

"ouu De 10 our everlasting reproach-it would DO
placing us below the general level the of
civilized Sateso admit that cannot con,riye means
TO ENJOY the benefits OF Bank and of svodipg
az the same time, its dangers Indeed, sir, conrvsnco
is necessary is confluence and The love OF con,ri.
vance, that spos ALL We are DESTROYING ouselye s by
remedy which evil called for. We are running perfect
health by nosrums aud quackery We have lived hi,her
under weconsructed, practical, and beneficial sys
e-a system not surpassed by any in the world; and it
seems 20 me to be presuming largely, largely indeed
Tue crsdnli and the sedenia Of the people, TO rush,
WIN such sudden and impe,uous haste into schemes.
have so long found useful
arrow myself, therefore, decidedly against the object
o! return TO an exclusive specie currency. find great
difiruiy confess, in believing any serious in
ing such an object; rather subject for RE
e.s at this of the world than for sober argument.
be 'rue that any serious, for the return OF tho
| gold and silver age, am seriously against il.
Let Us. sir, anticipate, in imagination, the accomplish.
men' OF this grand Experiment Let suppose, that,
this moment. all bank paper was out of existence and
the country in OF specie. Where, sir should we put
c.rroes every Jav from New York 70 Me-, S,pp Uy
from NJ Orleans back 10 N. York; Should we cucumber
the urnpkes the rail roads, and the steamboats, with it,
place. OF articles TO be transported to another! The
rage oil the money would in cases. cost half much
der such state of things, should ourselves
creation Of banks. This would become Immediately ne
cessary and unavoidable We ourselves, there
lore without danger Of mistake, that The idea of excu
sye metallic currency is totally Incompatible in the
sng state Of the world. with active and extensive
commerce. Ii is inconsistent, too with the greatest good
OF the greatest number; and, therefore, oppose il.
But, sir how we to get through the first expert.
m.n so as to be able to try that which is TO be final and
uWmat;s That is 10 say, how TO get rid of the
State Bank How is this to be accomplished, or the
Bank Of the United States indeed may free ourselves
readily buthow annhilate the State B,aks' We
did not speak them into being-we cannot speak them
OF being They did originate in any exercise Of
power; nor DO they their continuance TO indul-
They responsible TO the States they
irresponsible. We cannot act upon them only
ae with ns and ns % 'h would
carrying into its theory, they may dspove
the necessity Of their own existence and fairly work
themselves out of the world Sir, ask 0nce more, is
great and intelligent community 10 endure patiently all
sorts OF suering for Pantases like these! How charm
ingy ccable-how delightfully."- probable, all this looks!
/ find i, impossible Mr. President to believe, that the
removal Of the deposes in such purpose Is
now avowed believe all this TO be an ai,er-thought-
The removal resolved strong measure against
the Bank and, that it has been attended with
sequences not at all appehended from it, instead of be-
justified the ground of grand experiment, above the
reach Of sagacy, and dropped down, as were,
from the Clouds SO witch the world with noble policy
II credible not possible, sir that six months ago,
the Administration suddenly started oil to astonish
kind with their inventions in politics, and that it
postes as its first operation No. sir, no such thing. The
removal of the de poses was blow at the Bank, and
nothing more; and if had succeeded should have
heard nothing Of any project for the final putting down
OF all State Banks No. sir, not one word. We should
have heard the contrary only OF their usefulness,
their excellence, and their exact adaptation to the
and necess ties Of this Government But the expert
ment Of making successful use Of State Banks having
the Stale banks having already proved themselves not
able TO fill the place and perform the duties Of National
Bank although highly useful IN their appropriate sphere
ment coming thick and fast upon the pofessed object
OF the whole movement at once changed, and the cry
now is down with all the State Banks! down with all the
S ate Banks and let return TO our embraces Of solid
gold, and solid silver!
Sir, have no doubt, that il there are any persons in
the country who have seriously wished for such event
the extinction of all Banks they have not, Deverthe
less looked for the absence OF all paper circulation They
ked m MAJ
We have already had distinct niimations that paper
might be issued the foundation OF the he
Treasury OF the United Sta is intended to become the
Bank Of the United Sates and the Secretary OF the Trea-
sary is ant 10 be the great National Banker Sir, TO
.ay ohlng OF the crud'y OF such notion may be al
lowed 10 make observation upon it, We bave here
oiore heard much OF the danger OF consolidation and OF
the great and welgrounded fear of the union Of all
ers in this Government. Now, sir, when we shall be
brough, 10 the state OF things, u which all the circula-
ting pepper Of the country shall be issued directly by the
Treasury Department. under the immediate control Of the
Executive shall have consolidation with witness!
Mr. President this experiment will not amuse the peo-
pie OF this country; They are quite too serious 10 be
Assuredly, sir they will not be patient as bleeding
lambs under the deprivation Of great present good and the
menace OF unbearabe future evils They are not so un-
thnking-so stupid, may almost say-as TO forego the
rich blessings in their actual enjoyment, antitrust tho
future TO The contingencies and the chances wneh may
betide unnecessary and wild experiment. They Will
expose themselves AT once to injury and TO rdicule;
they will not buy reproach and scorn, at SO dear rate;
they will not purchase the pleasure oil being laughed at
by all mankind, at price quite so enormous.
Mr. President the obiec avowed for this most extra
ordinary measure, altogether UNDESIRABLE the end, IL
could be Obtained end fit to be sreDuousy avoid
ed and the process adapted to carry the experiment,
and to reach that end, which can never awsin-and
which, in that respect, wholly as-does not si mean
time, spread far and vide, deep and general distress,
and to sgate the country beyond any thing which has
heretofore happened 10 us in time oil peace.
Sir, the People, in my opinion will not support this ex
pertinent They feel il TO be Affective and they see it to
be rdcuous and long, verify believe, they will
sweep il away with the resstless breath Of their
voice. and bury up with the great OF the detected
dc usioDs, and rejected fohes OF other times seek, sir
to shun all exaggerationI avoid sudouy all iDfamma-
,io", .,d all emblazonpg but beseech gentlemen TO
ofen their eyes, and their what passing In
the country and not 10 deceive themselves with the
hope that things long remain they are, that
any beneficial change will come, until tie Ps5se%: ~
licy shall be totally abandoned attempted, sir, me
other day, describe shortly the progress Of the public
distress Its FIST symptom was spasm contraction, agony.
IL SEXES first the commercial and trading classes. Some
survive il, and do no. But those who, with what
ever loss effort aud sacrifice, get through the crisis with
absolute bankruptcy, take good 10 make
engagements, till there shall be change Of times They
abstain from all further undertakings and this brings tho
pressure Immediately home TO those who live by their
ploymens That great class begin to feel The dis
iress Houses warehouses, and ships, are not now,
usual put under contract, In the cities Manufacturers
are beginning 10 dismiss their hands the ses'coss, and
in the interior; and azans and mechanics, acting for
themselves only, are likely 10 feel severe want Of
emp ynent in their several occupations.
This, sir is the real state Of hings IL is state Of
things, which Is daily growing and IL calls
loudly Tor remedy the people demand remedy; and they
likely persist in that demand, ill remedy shall come.
| For one, sir, have no remedy TO propose. My
sentiments are known. am for re-charterng the Bank,
for longer or n shorter fine, and with less Of