Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-03-31

ITS retreat from having sent fasehood To woandtwen
branches, II gives notice that the measures which
were the alleged Pretext of panic and pressure upon
inc country, were not to take place, because the pro-
Jectors had got alarmed. The beautiful idea of the
po"ctors-that Is TO say General Jackson for he is the
person notwithstanding alarmed nj inerdcting the
reception of illegal drafts at the Treasury is coniured up
as savo for the honor of the Bank in making and
twenty instances OF false assertion But the panic and
pressure orders not counermanded They are to 90
on; although the projectors do become alarmed and
although the new measure be dropped.
MIR r. had an extract from second letter to read upon
this subject II TO the President of the New Orleans
branch, Mr. W. w. Montgomery and dated Bank of tho
United States the 2ith Of January He read the ex-
tract, "The state of things here is very gloomy and
less Congress takes decided step prevent the pro-
gess oil the troubles they outgrow CONTROL
mus circumstanccd first duty is to the institution,
to from oil Danger and are therefore anx
ous or short time, at least to keep business with
IN manageable limits and TO make sacrifice of pro-
perty to entire security 1t great interest
and exposed to sudden changes in public affairs, which
may induce the Bank to conform its policy to them; of
these dangers, should any occur you will have early
advice When he had read this extract Mr. Ben
ton proceeded to comment upon it; almost every
word OF 1t Being pregnant with political and revo-
Ineonary meaning If the planest import. The whole
extract, he said, was the language of a politician,
the Bank Intended to conform it's policy In this way
he commented successfully upon the gloomy state of
things at the Bank for the letter is dated in the Bank
ana hc troubles which were TO outgrow their control
less Congress took decided step. These troubles
MI Is said, could not hp the dangers of the Bank for
the Bank had taken entire of itself in the two-and
twenty orders which it sent out to curtal loans and
break up cxchanges.-EveTy of these orders an
nounced the power of the Bank and the determinations
OF the Bank, To take of itself Troubles outgrow
our CONTROL What nsolencc! When the Bank itself
and its ooniederates were the creators and fomen-
tors OF all these troubles, the progress of which
1t Affected to deplore. The next words "moment
OF great nteresteXposed TO sudden changes in pub
Inc atLniEs1indnce the Bank to conform its policy to
them MT b. said were too fragrant, and too barefaced
for comment They equivalent TO an open decara-
ton that revolution momenty expected, in which
Jackson Administration would be overthrown, and the
rs
that happened the Bank would inform branches IL:
and would then conform policy to this revolution and
relieve the country from the distress which it nict-
mig upon it. Sir, said Mr. b. addressing the V President
thirty years ago the prophetic vision OF Mr. jefferson fore
saw this Crisis thirty ago. he said that this Bank
an enemy TO our form of government that by its ramif
cation and power and by Selling critical moment in
our affairs, 1t would upset the government and this is
what 1t would have done last winter had not been for
one manl-one single man! with whom God had
vouchsacd to favor our America in that hour of her
greatest trial. That stood sole obstacle TO the
dread of the Bank stood for six months as tho
rampant which defended the Countrywide citadel upon
which Bank artillery necessarily thundered and what
the conduct of the Senate all this timer it was try
ing and condemning that rpaA killing him off with
Senatorial condemnation; removing the obstacle which
stood betweenthc Bank and its prey and in doing,
establishing. tho ndissoluble connexion between tho
movement of the Bank in distressing the country and
the movement of the Senate in condemnng the Presi-
dent
Mr.. b. said that certainly no more proof was neces-
sary on this head to show that the designs Of the Bank
political and revolutionary intended 10 mt dov,,
PRESIDENT Jacksons Administration and TO connect it,
self with the Senate but he had proo-that of
publication under the odi5or0 head of the National Ga
Zctte and which publication lie say was writ
ten by the President of the Bank Ii was long article
OF four colpmns but he would only read paragraph
lie read The great contest waging in this coun-
Try is between its Tree institutions and the violence
vulgar despotism. The Government is turned into a
baneu acom and the spirit of liberty against
IL throughout the country. On the hand is this
miserable cabal, with all the PATRONAGE of the
Executive; on the other hand the yet unbroken mind
and heart of the coantYy, with the SENATE and the
in NNhi flaR ,,,ty
ISOLATED itself with the Senate Mr. b repeated the ia
nous expression of Cardinal Wolsey in assocang him
sell with the King, Ego ereI y the House OF Rep
rcsenativcsr hitherto the intutiVc champion of freedom
shapen by the iItrgucrs of the Kitchen hesitaes for
nc but cannot ia before long to break it's letters
hrs ana hen those OF the country In that quarrel
PREDICT they who administer the Bank will shrink from no
proper share which the country may assign to Them
reasonably they must be as indifferent any their
fellow citizens To the recharer of the Bank Bat they
will not suffer themselves, the institution inrusted TO
hen TO be the instrument of private wrong and public
outrage rH MoY omit effort To rescue the isfit
OnS Of tic country from bcing tTOddcn under foot b a
aetion II itcTiOpesS To these profgate advenurers
whether their power is displayed in the Executive or Ie-
gisatye department. the directors of the Bank will We
are satisfied yield the tousand part of an inch of
their own personal rights, their official dules and
VIII continue tins resistance UNTIL tie COUNTRY,
reused 10 proper Ss@Seo It's dGagorS dpd its vrOugS shall
DRIVE these USURPERS tof ae HIGH PLACES
then DISHONC4S This ract said MIR n diecos,, j.,
terms which admit Of xplanation or denial the desgn
OF the Bank in creating the pressure which was rot IN
and continued during the panic session 1t to rouse
and the House of Representatives. and overurn them
boh.at the ensuing elections. To do this now stands
revealed as its avowed object The Senate and the Bank
were TO- stand together against the President and the
House, and each 90 act its part for the same common OBJ
lect the Bank TO scourge the people for money and
charge ITS own scougng upon the President; the Senate
to condemn him for violation Of the laws and eonsttu-
ton and to brand him as the Cnsar Cromwell Bona
parc; the tyrant, despot usurper whose would be
cut of IN any kingdom ofEurope for such as he prac
Used here ME- y. SAID the contemplation of the con-
duct OF the Bank during the panic session. was revolving
and incredible IL combined every thing revolt and
shock tue moral sense Oppression, alsehood, calumny
revolution; the ruin of individuals the fabrication of false
prconces, the Vaccinations for oyerturnng the Govern
mcnt, the mpptation Of IFS own crimes upon the head
OF the President, the enrchng its ayortes with the
spos of the country usocncc to the House Rcpre-
senatives andt affected guardianship Of the liberties of
the people, and the free nst1ons Of the country such
we're the prominent features Of its conduct The parallel
offs cnorny not to be found this side of an
example atrocy only obe seen IN
the conduct ofhe Paul Benfclds and the Deb sings who
rayagcd India under the ofthe Marquis Of Hastings
Even what bad been 5aDday and impoTlecty brought
TO light disclosed system Of calculated cnOrmity which
required the genius of Burke TO paint What was be-
hind would require labors Of committee constituted
upon parliamentary principles, not to plaster but TO
probe tho wounds and ulcers of the Bank; and such
committee he shod hope to now but hereafter
in the vacation bot inthe session of Congress For
Ne had idea of these perpactic and commit
tees Of which the panic session bad been prolific
lie wanted committee, unquesiOnable 10 the legality
Of is own appointment duly qualified in parliament
airy ior discovering the misconduct they
investigate; and sitting under the wing Of the authority
which cav punish the usole1t, compel the refractory
The distress Of the country occusioned by the Bank
Of the United Stntes and the Senate Of the o. States