Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-05-26

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cseacd lie was not one ofthose MIR W. said, who cx-
pected such result. On the contrary he locked mot
osy o great inconvenience in the important
"clal exchanges, but for great irreg uarities i'm the
paper currency of the country also in moments of COM
neEc'a pressure disasters il il were left entirely sub
ect TO the interest the discretion of so great number
Ol State Institutions"
C1n any one fato perceive, that part of this para
graph was prepared by MIR Webs,cr express and
soe purpose OF J1sying the Bank in its pcrncious ex
pnnsipns! -
What will he thought of Mr. webster's PRINCIPLES and
honesty on comparing the preceding language with the
declarations made by him during the memorable session
OF pane and distress speeches Now, mark his language
on The llth February, 1894 lie said:
Tine debt due TO the Bank is fty-fvc millions of dol
ars and ITS charter will expire in years twenty
days Now sir will it be Mt all prudent run up these
hy-hve millions to seventy-fve, make any other
considerable advance theexsting amount fdscouns
considering how soon all is 10 be called in? Indeed IS IL
mt bfh time 10 commence The process of ieou nd r
duct,on2 Could any thing but the IncxamDIed copd
ton OF the country justify the Bank in holding its
amount OF loans as high as it isl Is the collection
OF hity-hyc millions thing that be done suddenly,
Others may take different view of the subject but Tor
one confess that unless there be reasonable ground to
expect continuance of the charter some time LONGER
OF shorter u any such further extent of loan would
be measure of most questionable proprietv No doubt
u .ile BANK might expect to be continued, for a
snort PERIOD ana especially If its relation ie Govern
men were rcstocd by causng it to become hereafter az
1t has been heretofore, the depository of the public
eys, II might safely augment its discounts and efficient
" relieve The public distress law that should con-
tinue the Bank for short time and that should
rc-establish its relations with the Government which are
now broken off by the removal the deposites would
quiet the country Immediately and afford much relief
have no doubt that the business of the opening
year might go on and The policy which tlas TO he-
iiulo Tue business OF the whole country the next
'welve months, avoided"
In io3i, Mr. Webster was chdeavoring to obtain n
renewal of the charter of the Bank for any period how
ever Short and re-esabsh its former relations with
INC government, by having the deposes restored. He
well knew. If he could succeed in that object the Rank
could prevent through its secret and all powerful infu-
rnce, their second removal by its dictated egislaon
Then, MIR. Webster soid q IS high time to commence
e1..~f;o
SoadUe grO".d TO g - 80; rlsr
Now, MIR Webster
aepes'icS He stands its apologist and defender f5, mn
ing extended lis business from forty five TO mil
lions of dollars during the short space of six months
ana Notwithstanding It's charter has less than ten
months to runwhe, at the same time and i'm the same
breath he says " The people had decided against its
"hnlancc and 1T must expire; and in the para
graph following, he repeats the thing in the fol-
lowing words: " Partly constitutional grounds and
partly other grounds majority of the People aooear
To nave dec,Grd against rene wing the charter
Another of MIR. Websters paragraphs manufac-
tured to order, is the following:
COZ the causes, said MIR W. which have produced this
impression IN the public opinion, do now int nd TO
SPEAK at large; they are sufficiently obvious. The Bank
has been assaed by party mainly believe; because
/ 1t would not yield itself to party objects No cry
WIS raised ag9nSt It's eonstitulionayno doubt ex-
pressed on that point till its Directors had resisted suq
s"sto"S te effect OF which would have been render
the Bank servile instrument in the hands of political
men Ia my Judgment, those Directors were entirely
right. and The country, think should rejoice that tey
point They could easily have secured the renewal of
their charter little compliance would have done the
whole business They coured before they were
denounced II, in 1879 and 1890 they would have con-
scented TO make partnership with the Treasury and
toyIcd themselves to power they would Ia been com
nendrd e%toed IN many message and report and ena
brd to fake their own time for renewal. The Bank
has ALLEN IN Independence, and by of its indie
prudence ltshould be proven to have fallen; and it
much better for the country that should thus fail than
that should purchase prolonged existence by ronder-
my iisrli tool of party power"
lhi' Is b~t repetition of the charges made by
ma ~ lbs concord dinner speech OF last year, and what
has been charged by the Bank many times and as often
Teued during the last two years As little foundation
III truth has this charge the which he made a nd
repeated against Mr. Fancy last year And if Mr. Web
s.ads public documents, he nyst have known that
! vas base fIise6061 -"'' EsszEaZzsw
IT, in lc''J and 1880, they w0uid7nfTe -
make partnership with the Treasury and to yield them
serves /" power, ct would not yield itself to party OBJ
Scs. ms undoab'edy, refers 10 the old story OF the
Portsmouth Branch. Mr. Woodbury. the present So
cciay OF The Treasury, and Mr. Hill one of the Sena
l0s rom New Hampshire, both uncompromising foes of
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