Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-12-10
VOLUME XXXIg.--No.I3

but his lost beef while nation was reiocina in s hr
and continent tiiumphing for its independence are
solely occupied with the grieviou recollection of lost
power, and miserable Vaccinations regain what they
nave lost by the deplorabe their rivals
commencing themselves dcprecating prosperity which
oirnds Their vision, aud atng long series of
calaniliies which would assuredly happen if they and
their great contedeate the Bank of the United States
could succeed IN their efforts 10 accomplish their own
predictions.
Yes, Citizens, the country is of unparalleled
prosperity and that il is So instead of suffering all
the calamitcs which were predicted two years ago. is
solely owing TO the removal Of The deposites in October
1885 Had been for that Great measure we should
nofo have had the full portion OF that Panic and Pressure
which was got up then, and partly consummuted upon
us Who does not know, either from history from ine-
mory, or from ,sadiiion, the cruel part which first
Bank OF the Unied States played in the last ses
sion OF Congress preceding the expiration of her charter
when all the machinery Of alarm put into operation
anu frightui pressure upon the community pro-
auced and without any precxt of removed dePostes but
from Congress- through the aud suerngs
oil The people The scene of 1911 would have been
re-enacisd now, and the Panic and Pressure of the
year 1884 would have been in full blast at this very
session OF Congress, and with complete success had
IT not been for the mastery stroke of removing the
deposcs at the time il doue That measure antci-
pated and frustrated the designs of the Bank and secur-
ca TO us the exemption from scourging which
time Tor action, that cruel and cunning Institution would
have gone on, Mr. fancy well said in bis pa trioc
Report TO prepare for battle The public and pri-
vate deposes would have been accumulated in her col
ers state banks and individuals would have been en-
shared into her debit specie would have been boarded in
| wOud
have been raised and expanded its utmost limit the
reign aud domestic exchanges all i'm its own hands and
the whole country with the Federal Government all
the State Governments, like victims bound and prepared
for the sacrifice would have lain poweress and HELPLESS
at its feet In this condition Of the people, and OIL the
first day OF this impending session of Congress- the sig
nal for panic aud pressure would have been thrown out
and the relentless campaign opened simultaneously from
Bank Discounts stopped, loans called in exchanges bro
ken up, specie demanded shlngs denied 10 merchants
traders manufacturers and farmers, while millions were
| I'm cln
their property for nothing Distress meetings distress
memorials distress depnalions distress ubees distress
oatIons, factories closed business stopped wormen dis
missed banks and individuals driven to insolvency. tho
public ear stunned, the oyerpowered and supplied
reason and Judgment put to flight by the clamorous din
oil the Bank and ITS coadntors Such the plot
ted and attcmped in 1911, plotted and attempted aaain
in 1884, and which would have been realized now and
the hank Installed in power, with perpetual dominion
the people and the Government had it not been for
the most glorious measure of the Removal of the Depo.
sites That great measure by bringn on the contest he
fore the Bank ready and by changing the public mo-
ney TO the side OF the people, saved the Republics and
for the deverance which it has effected, the country
indebted, first, TO President Jackson and next TO his
faithful friend aud supporter, Roger h. fancy.
rejoice with you, gentlemen, the prosperity of
The counry but that prosperity does rest upon the
6roadand solid basis which the public good deinands-
Oar currency is vast inflated supersructure of paper
resting upon thin and inadequate snbstratum oil gold
and silver In great commercial country does the
currency restupon such slender foundation in ours
Eranee has a. specie calculation of upwards of FIVE
hundred millions ofdolars-I thanks 10 her military chief
tain who suppressed all bank under FIVE hundred
francs England has gold and silver circulation of one
hundred and fifty millons-thanks to her PaIlian,en,
which suppressed all notes under FIVE pounds sterling
the u y possessed but about thirty millions of specie at
the time of the removal of the deposes aud probably
| not quite the double of that amount now [ hold
the French currency to be the best in the world ;
the English pretty good, especially erery note
OF the Bank OF England is obliged 10 be paid in gold
the currency OF the United States hold to be un-
ht, and unsafe, for the country. Say we have fifty
millions of specie is only the one third of that Of
England and the one tenth of that of France and who'll
y inadequate to sustain STORM the paper fabric that
rests upon IT, and which is daily increasing in magnitude
from the increase Of local banks The suppression Of
all paper currency under twenty dollars at least q had
much rather say one hundred like it is France is in
disReabe TO the preservation of ADEQUATE specie ba
sis, and to the protection of the country from The ruin
Gus expansions contractioEs and revusons TO which
tile paper system is always subject The State Legisla
lures can suppress By law, all small notes. the Congress-
OF the u Staes7ean do much towards il by cutting Off
all paper money from all payments TO aud from the Fe-
deral Government, and dropping all connexon with
every bark which will not enter cordially into the policy
OF the government for suppressDg the circulation Of
small notes and promoting the circulation of gold But
am too fast am running into detail and putting into
letter what will be suitable TO a speech on diff
erent occasion. drop tie subject, TO tho
! floor of the Senate
congratulate you, gentlemen upon the political con-
dtoD of the county. Democracy is in the ascendant i'm
all her won,ed spheres, and in some In your
own great state, where recent division has subjected
you TO reverse aud revived the hopes and renewed the
machiuetoas Of the sol dissent Wings am rejoiced to
find in my journey from Pttsbuzg 50 PHILADELPHIA that
the voice OF democracy unanimous for the reunion fits
divided parts, and that there will be difficulty in find
ing the Of doing what many good parots are
determined - have done The Bank ofthe S. that
nal foe to the rights the people and to the form of their
Government far disposed of knock under for
hepresen and has descended from the ordly state ote
Lion, roaring through the forest in search of whomit may
devour and sunk into the condition the PROSTATE opos
sum, that affects TO be dead thai it may continue to live
and grns reacherously to deceive in death.
idost respectfully gentlemen, your obliged and faith
\ ful fellow citizen THOMAS. IT. BENTON
MessFs George NJ Dallas, S d Davis, and others