Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-11-20
7'HE M.1.N.NOTH BANK.

rbe has lately experienced The Wings may then dispute
about their Presidential Candidate to the great amusc
icnt of the Republican Party.
THE MAMMOTH BANK
The Albany Argas puts down once in the follow
fng article tue idle fable that has been thrown into
cuistlon about the great State Institution in ~ York
The republican, reader will note the paragraph from
the Richmond Enquirer, on the subject Of grand
Bank. The editor Of that = and = journal does the
Republicans Of this State than justice in nsc rib
ing to them unqualified opposition 60 any such nstitu
lion. The Wings this Stale nny urge the measure
upon the Ie,ri.latur. and their po,,;c.1 i;
either States may attempt 10 excite State pride or ca
lousy on the subject, by reports in relation its aniic
paed succrss; bat il will avail them literally
nothing No such Bank mas the rcnotrst chance Of an
existence in this State long the democracy held the
legislative power and judging from the results of their
ecent election change in that respect an cnt
TO be anticipated at any very early day"
One of our Correspondents in ~ York, ofthe highest
authority confirms the above. aud thanks or the hint
(wc) gave the N York papers regard 10 the of
ten million Bank 10 which the Argus has very properly
responded" So much for the Republicans in N York
But the Wings have another string their bow. They
will try 10 obtain "auother earth, On on
which to fix the Lever Of Archnledes. We hope and
believe, that they will be oiled in their project The
following from the Pus6rg .Mereury gives us an assu
rance of their defeat
" rng bank PnoJkcr.-It is said that the m. sy
Bank intends 10 apply to the Legislature Of Pcnnsylva
MIA winter for acharier, that its business will
he continued and expanded p such States as may con-
sent to the establishment OF branches. We have no
doubt that such Ming is contenpution and we're il
not that Senate is Democratic the sound
old gentleman might possibly have an oppnrunity of
signing act Tor the charter. rs IS ho,rerc1 he
project succeedI IL the Anti,nasonc members vote
for the charter it will be betrayal of their
Ia majority of whom, perhaps, opposed to the Bank
in whatever shape il may assume. The application has
heen prompted by tie known weakness of the Democ
IN The lower House the effect Of unhappy J-
vision. II is TO be hoped that the boldness of
the mammoth monopoly and the many dangers To which
our mpfqdent disputes have subjected US, will be the
place future defeat out Of the question
JOHN c. CALHOUN
The following is an extract from his reply the letter
OF invitation, from the Wings of Baltimore their
cent dinner:
"a regard to truth compels to say that in my OPT.
nion whatever may be the result of the pending contest
between the people and the President the fine nu.,
come, and that far than ANTICIPATED when cx
ecutive influence and power will forever silence po-
punr voice, unless indeed the friends of liberty and free
institutions shall zeaously and honestly mite in com
effort to eradicate the which have given such
extraordinary power and influence 10 the executive de-
partmcnt of the government and placed the country in
It's present dangerous condition They may be nn,os,
traced TO the orgihthc fiscal action of the govern
ment. While millions millions hcaped up in the
treasury beyond the expenditure of this, the
travagant all administrations constituting immense
fund 10 act ON the cupdiy the nercenary and unite
in solid compact band all, in and out of Office
who prefer their own advancement to the public rood
any attempt to arrest the progress OF and corrup
ton must end in disappointment and failure. 1t will be
found almost impossible TO elect honest and capable
or If such should be elected, to administer the Govern
inen honestly and fairly, with single eye the pub
lie Interest Here lies the of the disease and
there be not intelligence and patriotism enough apply
remedy it requires not the gift of prophecy predict
me end Whatever may be the termination of the present
Presidential struggle"
IT MIR. Z. serious in the opinion that this IS
the root Of the disease, why is it that his have so
little accorded with his professions? As The cIoonept
preacher said Sunday last, 'no one can be Chris
tan, whose 'corks not counterpart of his fui No
one certainly can be Trustworthy Statesman, who does
not practice upon the theory which he breaches.
If Mr. Calhoun believed that the root of the disease
lies in The fsea action of the government, why has he
pursued his late extraordinary course?
Why did he not propose TO reduce the Tariffand thus
prevent the accumulation OF "mions upon millions in
The Treasury Why did he not adopt Mr.. Jcffcrsons
maxim, and never take from 'he mouth of labor" one
crumb more than was necessary to the legitimate
OF the government?
Why, instead of accommodating the revenue 10 the
demand, does Mr. G. first adhere to system of SURPLUS
and then distribute it among the States thus enlarging
the means of Executive influence order to corrupt
the Independence of the States and The People?
Why did Mr. Calhoun support the elongaton of the
charter Of the Bank of the u. States And
why did he refuse the edopnn of those restrictions
which well calculated TO limit the Erecufice
Discretion and increase the E1eeutire responsibility over
the National Funds deposited in the State Banks'-
Inc PRESIDENT earnestly pressed such Proposition
in his last Message. He laid down the excellent
maxim, that no more power should be given the Exc
cutive, than essentially necessary execute his
functions bill of regulations and restrictions passed
The III OF R.-But it was snohcrcd in the Senate We
found John c. Calhoun supporting it. There was
the diseases but he had not intelligence patriotism
enough to apply the remedy"
And yet this is the Statesman who cants about the
fiscal action of the Government who collects millions
by the Tariff, which wanting for the expenses of
the Government-who would distribute the surplus to
corrupt the fespewho refuses TO restrict the Execu
tive discretion over the public dcposes-and who goes
for the elongation of Bank which is con
trary to the Constitution contrary the genius Re-
public; and calculated, in the hands of adro and
intriguing President 10 enlarge in an indefinite decree
the powers of the Executive. This is the man. who
cans about the extravaganza of the Administrations
and about the necessity Of auesng the progress Of
power and corruption :"
THE SURPLUS REVENUE
We recommend to the Political Economists who com
pose the John G. Calhoun School, the following remarks
from the Charleston Patriot
The surplus revenue is said at the present moment
to be $I60O0000 The receipts for the sales of public
beyond the Treasury estimate OF this surplus there
will be $6,500,000 Of u s. Bank Stock. This mnst be
disposed Of in shape other. An augmentation Of
The Navy has been suggested But the proposals lately
issued for the supply of live oak timber embrace Ships
OF the Line, Frigates, Shops of War 6 Schooners
and Steamers. All this within the ordinary ap-
preparation What then to be done with this large and
accommodating surplus, While the Statesmen of Europe
are puzzlng their Wits not to provide surplus for this
IS beside all rational expectation but make ends
meet in their system Of public finance the Statesmen of
the v StaesaIe ne less perpexed in what dis
pose OF an excess This is phenomenon in the fnan-
cal history OF nations. If return the excess to the
people, he only proper and just mode Of dspusing of
lt) what picture do then present A people
voluntarily taxing themselves that they may return TO
their pockets with hand what they have drawn from
them with Tie other, minus the expenses Of collecting
these taxes, and paying debaers for long speeches in
Congress- TO settle and determine the ratio of their re.
distribution This shows the consumnate absirdity Of
connecting system Of taxation with scheme of protec
ID better lhats ehould hc fn,