Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-02
THE PRESSIlRL,

There is unqu sonabiy much pressure In IN. ,o,.v
;-uui we are in hopes 1t il exaggerated Many
circumstances combine 10 extend the panc-such az the
course OF the u s. Bank the memorial of several of The
na"epha State Banks, the speeches Of the friends Of
n"b;c ~ Congress, the speeches aud resolutions at
'"c nngs-'he wanon caricatures OF the press,
&C. such circumstances calculated TO enlarge the
e, winch they profess TO describe. They star,le
e Paohc, add to the panic, aud Withdraw funds from EN-.
p'oyment The Bank Is willing get up this +. cling for
SAKE o, illuminating the public into renewal of its
anu me Constitution will be saved.
all The smoke that Is raised this subject IL is
uca 10 see the facts. On the hand il is said that
c VI ne largest banking aud brokng establishing nts In
rh'Iadepha has recently failed public meeting oi tho
merchants, manufacturers &C. was called 10 meet there
Oh tuesday, night TO take n'o consde the existing
pressure On the other hand, the N Y Standard Athens
una! M the last go days there have been only four ires
IN ,nai cy-an' these amount only to about 8 90 600
r ms ei'y' there u much complant-but fortunately
no 'a"ure HE State Banks doing little or no new
ppe'anu me Tact seems to be conceded, that thew had
,r u, VOC much business previously and now they mus,
49,, =" soihe OF uier canvass.
""eh 'ne uis'resses OF the country shall abate is he
yono our Ken TO determine-no, perhaps unit, the eiec
uoneerng purposes Of the w. s. Bank have been NUT 10
resi-, ihe following paragr aph from the N Y Daily Adj
one OF the mot loyal Of the Bank presses lets in
ray Of hope upon US: "
m most abundant in the county, flowing in from
much below n, E an 10 On a foreign oune.
demand i.ps y s,Is , San
S Ss' ssp their
ana why then does the Bank Of the u States with en-
much specie at hand continue resort to such onsros
ve curtaments! Its design is to put the screws op and
force a re- charter VIZ ""u
Let us get through the present crisis and all vi hs
SAFE he Bank will be ban1ed-the Constitution rc
ueemed We must at any time have expected a good
uea' OF pressure from the winding up of an imme nse In
suuuon oil 80 millions cspal-Put back the Deposites
Tomorrow, and shall have the pressure two
henee-"e shall have the crisis 90 over spain.and
worse perhaps because in March, 1886 not only will
all me pubic deposltes have TO be Withdrawn but the
prWae dePosites and besides the in circulation To
DC redeemed little courage now, may enable us TO
prevent the repetition OF this pressure hereafter
nut Is asserted by the Bank Memorial and re. echoed
oy us sympahizng friends else here that its
.gn's are violated by withdrawing the public deposite,
ogore It's charter runs ou,--and that so long as they
are safe, the public faith demands them TO remain in
he Bank-This is all idle delusion-The charter gives
me Secretary OF the Treasury the right of withdrawing
hen whenever he pleases-this part of the
Itself. gives him full power subject only TO the re
moh OF submitting his reasons Immediately TO Congress
Inc discretion isuDlimed-subject TO no
as that The public funds should be unsafe i'm ito vans
Bu all these points ,oH be clearly made out hereafter
Mr. Clay complains of the President for those very acts
which would save the Constitution He would
nun ,or MS pefoes Among ether items he complains that
.he PRESIDENT has crushed the power over Internal Inn
provement-that he would paralyze the Tariff system
'na' ne mas vetoed the Bank &c. &c. What confidence
can the Republicans repose in such n poi,ican, III;
principles are those Of the old Federal Party No wonder
mat he deprecates all those measures of the
which are calculated 10 restore the lost Rights of The
states! Mr. Clay would, his part, esore every yes
ge (ot The old federa policy which existed prio 10 The
9d OF March, lS29-ln,ernal improvements Tariff Bank
and all! '' ""'