Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-03-14


undouotcd constitutional right of the executive vcto g
ven check to thet disposition which has mentsedit
sell National Legislature OF giving that consruc
ton to Federal Constitution, destructive of State
sovereignty, and which Of not checkcd) would have u
tendency to change this conlcdcrated Republic into
that he has been pursued with demunciaton aud ven
geance and branded with the opprobrous epthets ofdes
pot and tyfant.
1t will be expected in the remarks which design
making on tins occasion, Tor me to comment upon,
even allne to- all the measures of the present Admins
traiicn; tins would require time than
bly, be eiloted to single address, and if attempted would
alike weary your patience, as IL would exhaust
strength Allow nc, however as preliminary TO my
marks on this occnsion and iR order 20 enable you
make proper application of them, TO give you short
sketch succnct history of the rise and progress par
ties in this couniry-From the foundation of our Co.
vernment, the People have been divided into parties this
cannot be otherwise expected and when kept within the
bounds of prudence and moderation, perhaps ought
10 be- otherwise desred since IT oxctes to vigilance and
IS an incentive to the dilgent performance o duty. 1t
u.s. however, when party spirit niiames madness that
tbecomes dangerous to the peace tranquility and hap
pinrsS OF the people aud destructive TO the honor wei
fare and prosperity of the Government.
The great line of distinction between the political par
ties ofonr Government may be truly said have had
origin in the establishment of the first Bank OF the u
Stitesand the causes which immediately preceded it
Soon alter tile Government went into operation the
question of creating National Bank up Tor
sidera,ionand after il received the sanction of the Lee
gslativc branch of the Government it subject Of
serious consideration with the Executive branch of the
government, in which the then Cabinet equally
divided; the two Federa members, Hamilton and Knox
supporting, and the two Republican members Jefferson
and Randolph opposing it upon constitutional grounds
And the ustrious and rcvcred President waited until
the last moment allowed by the Constitution for the APP
prevail before he gave to his Official sancton adopting,
perhaps the rule suggested by Mr. Jefferson rhat un-
less the President mind view of every thing which
urged for and against this bill is iocrabv clear that
is unauthorized by the Constitution; if the pro and con
hang so even TO balance his Judgment, just re-
spect for the wisdom OF the Legislature would naturally
decide the balance in favor of their opinion. Its chiefly
for where they clearly msed by error ambition
or interest that the Constitution has placed check in
the negative of the President II is fact well known
to all who are convcrsant with the early history of
country, that during the of Independence the
greatest difficulty be encountered was the want of mo-
ncy pay the soldiers who fought and the farmers and
merchants who furnished the necessary supplies of food
and raimcnt Tor them; and certificates of debt had be
resortcd to in favor of the individual creditors with
surance of payment as the United States should
hae. And soon alter The adoption OF the Federal Con-
suuon bill was passed by Congress for funding and
paying these debts, iamiliary known the Funding
System independently of these debts due irom the u
States several of the States Massachusetts, i'm parcu
lar it alleged had incurred heavy individual debt
in the general defence Of the country and bill also
passed Congress, by which the General Government as
sumcd the payment of the several debts said be con-
tracted by the several States, known the Assump-
ton Act. The discussion Of these two subjects in
Congress- 1t is said elected all the angry passions of par
ty spirit and. in the opinion of Mr.. Jefferson the pas
sage of them intended n of entering wedgc
by which 20 prepare the way and force upon the nation
the establishment of the first Bank of The United States
Rod, when the question of chartering National Bank
has been presented for consideration the constituted
authorities of the government it after the country
had experienced all the evils Of deprecated currency
. The two Acts known the Funding system and the
Assumption Act, il is said, brought into existence the
first Bank of the United States in 1871 The deran0ed
and deprecated state of paper money the close the
late brought into existence the present Bank of the
United States in lSl6 1t is rule, admitted univer
sally i'll science. that similar will produce similar
effects and if the distress memorials the mere echo of
the panic speeches of the Senate de pctinr in mournf
and melancholy colors The distress of the country and
predicting the depopulaon OF our cities, the depression
OF our commerce, the bankruptcy of enlerprizing
citizens and the ruin of State Institutions could have
produced the effect deSgned by the Bank Of the u S.
the same state OF deangcd and deprecated currency
which is said TO have brought into existence the first and
present Bank of the United States, would in all human
probability have forced upon the people of the United
States re-charter of the present Institution but thanks
TO the energy and foresight of the Administration Nor
cGnneIaeiing this state Sf things By the adoption of
which, we find the country generally in OF
ampled prosperity And, Notwithstanding denumciaton
and abuse have been heaped upon our DISTINGUISHED
Chief Magistrate for advising Cor causing if gentlemen
prefer t the Secretary Of the Treasury to remove the
Government Deposites from the Bank Of the United
States. it is nevertheless, in my opinion act of his
Administration, fraught with wisdom, and deeply en-
craven the hearts of grateful pcOple-whch has Sc
cured TO his memory, leures Of nipcrshable renown-
on VIII see, fellow citizens OF Meckenburg, from what
have remarked that the first clear line OF party dis
tlncton in Government may be back to the
creation of the first Bank Of the United States in which
opposed it, who have always viewed that and every other
assumption Of implied powers, by which It's establish
men claimed entirely subvcrsye of the true prin
cipes upon which the Constitution was adopted and
dangerous to the Liberties Of the people Fellow Cit
zens, sometimes change, but principles will for
ever remain iinmutablc. Pause for u moment and take
retrospective view of all that has been passing before
your eyes, for the last year two and fresh upon
your memory and ask yourselves the question: WHY all
this bitterness of party srilchS rancour Of political
dlscOrd and you will trace It's connection 10 the con-
roycrsy which the Bank of the United States has insti
tuled with the Government of your country We are
arrayed into two great political parties--the Opposition
party, (St!f-SgicG by The Opposition Journals, the Whio
party9 composed Of John Quincy Adams, Daniel Web.
ster, Henry Clay, John e. Calhoun and Others are all
Whigs-and the true Republican party, composed OF
General Jackson and the supporters of his Adminstra-
ton, are styled by the Opposition Journals, Tories -!
Yes, lcllow-ctzcns of Meckcnbure Daniel Webster
known 10 be a New-Eugland Federalist of Hart
ford Convention memory-whose whole political lG
may he pointed TO as bright emblem Of New Enr-
VINO carries IN has person he mGrks both Of the war
which achieved and the which preserved our libcr-
ties, IS Tory! The hero of the splendid battle of New
Oreas who, in order control tie HETEROGENEOUS no
puation of that city IL it said under the imperous
necessity Of Tskng his fame his reputation and his life
to save the city, in taking upon himself the great espon
siby of declaring mufliu law. Behold him after The
battle Is fought, the victory gained and Tie city saved
summoned before the civil nagstracy Of the country H.
answer for the adoption Of measures VIII oh il is said
saved the city and the civil authorities too from the hand.
OF foreign enemy. lie surrounded by his army
glowing with victory and devoted to their General Jc
lays aside the sword, with all the hubilmens of war
obeys the mandate OF the Judge and gOcs into court As
soon az he was arragncd, loud murinurs were heard
among the people The aArghted Judge tremblcs OIL
ms scat, and hesiiaics 10 proceed. General Jackson
himself arose, and qtiecd the murnurs of the multitude
ll fY indie Ia ff..fl