Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-12-12
when il can receive any dividends: or

Connected ", ,i,c cnuu,rv in all its branches of in
I,siry il IS pleasing to witness inc aaVan'as
49, t.u y; ready derived from the recent laws fesu'a
,:na the value of tine gold c"inage. 1i'sc uoVa"us
III H.. mere apparent in the Course OF the next year
yhcn The branch mns authorised 10 be estaosheo III
C,rlipa. Ip,r1u and Louisiana, shnlI have gone nv
o"nt;nn AIDED as i, is hoped they will be, by lu!'!rr
reforms in the banking systems the States anc M
cinrs regulations Tie part Congress ~ :s,I M
custody ot the public m"nrySit may DC ;rcuI;ur
cIpa,rd that the Use Of gold and silver rs W -
ura;uu will b,coine general in the Ordinary ti H.
tons connected with the labor OF lac o ,;y, check
great dcs.dcraiun, modern tunes, Nv, xcas.vr is
| npon the power OF banks, preventing @ ,Ln ,,,nI
w. r whence arise those fluctuations l" t''G St
ard of yaI.. which render uncer'ah , TX, J H., n,nk
br |, was supposed By tl'Sc WIZ ee' ~ ; - :, H..
oi the oni'eu ,;. m.:ncys and other privileges,
nd ,h,. PRECAUTIONS taken to Eu'rd n2",'st Tue t'
.ii .. cauntry had suffered on the LahHf"p;cy g,
WI ~, Sl,r institutions OF that period, we should
nI"J y , ,II,, institution all The security and benefits
IF , sound currency and every rood emu uiat was at
taiua5e under that pr"vs"" u t''c "'T.
au.oriscs Congress a'.e |" c''.., i,,U ""r @ -,
s.C that these anc!aliuns have not been realized Al
Ter The extensive embarrassment an! distress recently
nroJu.rd by the Bank of the ulitcd Stars from which
: c;,;try recovering, aggravated Us lhcy were
by prrr;,S!ons to power which defed the public au-
lhnrly ami which! II acquIeSced IN Oy the fe'e ""u'"
have changed the whole character "f our Conveniently
every CANDID and Intelligent individual must aunt UNI
fo the attainment q! the great advantages oil snrHu
cur.ncv we must lock i course OF Legislation radca
~ different from that which created such an institution
Ia considering the Of obtaining SO important
nm End W. ,:,i SIT aside all calculations nt Temporary
convenience and he influenced by those only whcha'e
in harmony with The true character anu Inc perAal't
interests e The Republic We must recur l" FS' prnc-
MES anal see what it that prevented nc FiS'i"h
nC CONGRESS and the States, the SUBJECT OF currency
fno satisfy n the public eXpecla;ou ana realizing re-
s corresponding To tnsc which have attended the nc
ton Of our system when truly consistent wan inc @:ea
principle Of equality upon when IL rests anu VII" 'u
| n n.
rom. pa.rioiisn, which originally, and must ever
continue To lie, the vital element ofour Union.
On t.s subject that cannot BE- Mistaken
in scTin,lc uur want of 10 The undue conntc
nance which las been afforded Is the split OF monopoly
All the serious dangers which system has yet en-
countcrcd may he traced to the resort to implied powers
and the oi corporations clothed with privileges the
effect Of which, is to advance The interests OF the lew
at the expense III the many We have felt but one class
OF these dascrs exhibited in the contest waged b. The
Bank of the United States against the Gorernnrn: .r
the last four years. Happily thry have been oc"ia%a
for the present by the indmn, resistance Of the people,
but we should rcUlcct, that the principle whence they
sprung is active ene which Will not ia 10 rene" It's
etlos the and i'll other orlis, 50 long as efe Is
hon. of success founded either the lnaenI9n OF the
Pconic the tr.arcry Of their representatives. to the
subtle progress of It's influence. The Bank Is, IN lact,
but one of Tie fruits Of system at war with The genius
of al! INSTITUTIONAL system founded upon pnlii'cai
creed the fundamental principle Of which, is L:strust
Of the popular viii safe regulator OF political power,
and waose great Ultimate oh j"ct, and inevitable resnit,
should it prevail is tie consolidation OF all power IN
our system il central Government LAVISH p"b-
lie disbursements and corporations with exclusive prI-
vicrcs would be It's Substitutes tor Is original and: as
vet SQUAD checks and balances Of 'le Constltuilcn-r
nca.s Ly whose silent and secret operation central
would BE- exercised b. the few the political conduct
of the ,anv BY first acquiring that control over the Ia
b,r ami earnings Of the great body OF the Recipe.
Wherever this spirit has effected an alliance with pol!tl-
power tyranny and depctism have been tie 1nt II
IS eve. used fuT the ends OF governments IL has 10 &c
necessarily watched, it coruPts the sources OF the
public virtue, and aGal"s the country win questions
ynrabc the harmonious and steady pursuit OF It's
true interests
We are now whether, in the present favorable
condition of the country, cannot take an cftcGai
stand agains; this spirit OF monopoly, and practcaiiy
rroye in the currency well as other imp IT.
ANT interests that there necessity Tor SO cXttSTea
resort t. it as that which has been heretofore pactised
The ex1ercnce OF another year has confirmed the utter
faiiacv Of the idea that the Bank OF the United States
was necessary as fiscal agent of the Government.
Without its aid as suc indeed, in despite o all the GA
barrass.en it in lis power to create, the reyrnuc
has been paid with puncua y by our citizens the nuSI-
ness of exchange both foreign and domestic has been
conducted with convenience and the circulating medium
has been greatly improved BY tho use 81 The STATE
Banks winch do not derive their charters 'foll INC Nc
neral Governments and arc not controlled h lis antl"T-
v il is a:ccrlalned that the ucEcyS oi the United Slas
can be collected aud dsiurscd with"ut loss or nconvc
neuce, and that all he wants OF The community, ~ re-
l,n to exchange and currency. are supplied as well rs
they have ever been before H. under circumstances Tie
most unfuvoribc the strn,nrSs OF the money market
it has been found that the considerations on which the
Bank of tho United States rested It's claims tn the public
favor were imaginary aud groundivSs ii Cannot be doubt
ed that the experience OF IL. lutue sill be n"rc tcci
s"e against them
IL has been seem that! without the agcIcy Of great
,ron.vrd nnnopol, Tic, revenue can be co!irctcd aud
conveniently and safely applied to all Tie purposes oil TIE
public expenditure. 1t is also ascera!ncd that Instead
of being necessarily nadr t" promote Tie evils OF an I'M
checked paper syslcn the management al the rcrcnue
can be MA ie AUXILIARY TIE reform which the Lcgs!A-
| laV.
REGARD 10 the supp OF small bills; and which has
on, lie fscicd hy proper regulations on the part ct
Congress to sern:e practical r.::i, ~ Inc extent re-
uuirrL for tt& 5CcGri;y 81 ;hc curFr!c;, To the con-
! s;ilulicn: ue.l... Severed from the Government
as political er;Ecs, and l:i susceptible % dangerous cX-
! tension and co:blnatiQa, the State Banks Will not
BE- tempted, nor will they have Tie power winch ""
have seen exercised, 10 divert the public funds from
the !rri,iulGte purposes ii the Government ] ir col
lection and custody g.! 'ic rcScnat being, Oh tho
contrary source OF credit 10 item, will increase Inc So
curily which the States provide Tor iuth!ul execution
Of their trusts By multiplying the scrutlneS 10 which
their operations and 0cG,untS Will bc sufcctcd- nus
disposed, wei! to interest as the oblgai:";'S oil
rIr char .crs, canot be doubted that such c"n;itins
as Congress yy 4. To- adopt respecting tie drpj'scs
in ti,vsr institutions: with to the gradual "sSse
CT lie shall Bills viii clreiluiy comp"G with; and
tn.t we shall s"oa g1.n iii place u The bH"H .! Inc
United Sites, practical reform IN The Whole IA. per
| system OF the country If, by this polcy, VIZ can '
lnatyy witness the suppression Of all bank bills below
twenty doars il is apparent that gold aud SILVER viii
take trir place: and rcnnc the principal circulating
medium in IN. comu.u business q Tic farmers and
chauics Of the country. The attainment Of such result
will form Al era the history Of country, wh:c!: viii
be dwell, up;n with delight b. every true igcaf Of lis
liberty and ndeFt aLrnce. II will .!ien IA" great lax
which our aner has !;g collected from Ii"
earnings u labor and DO revive and rrr"uale
those habits CT ccouurny and simplicity WHICH
genial TIC carac!sr Of republicans, than al tic '"gis
ation which has Jet been attempted
To this subject feel that clnlnt too earnestly invite
"
Of hose authority, the opportunity to accomplish SO
nue., public g9od lautt pass uiinproyed. Deeply i'm