Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-04-29

in gold and Si3 Os2 in silver, Of which The TWO last
wears have been far the most abundant, producing
S6l4O445 in gold and So 003 in silver; the asgre'
gale for the Two years being S239S,4l0 say thirteen
millions =,
The whole coinage fer forty years IS shown In MI
Gcts most excellent relmr from winch THESE details
are taken 10 be SOL SiG50, Of which thirteen MILLIONS
s mere than the one.h part, so that IN Two years OF
Jackson's Administration the coinage has oech nearly
five times greater tnn during the average esGe {" 81.
upon this wcn they hear The specie currency Ic;culch
Pr.siJen, Jackson has yet about ten and halt months
To serve and if his policy is backed by Legislative nra-
surrs and the machinery of the Mint at fhladc phla IS
uucklv nprovcd and the branch minis got into opera
iiuu bv the first of January next and the mts duly
supprd there be coined before he goes out ct oiscr
about thirty millions Of doarS or half much as has
been coined from 1928 TO 1885, being the forty years TINT
the Mint has been in operation.
4 Mr. Ecntous propositions for requiring The Dcpo-
site Banks to into the policy oil supprrsslng The
small note currency, and promoting the circulation Of
gold.
The following are his propositions, as heretofore print
ed under the Congressional head
"Nlr Benton submitted the following amendment 10
the bill to regulate the Dcposlcs of the public lnsnics
aud moved That it be printed tor The Information os the
Senate; which motion was agreed TO:
s.Src- .7nd be tt further enacted, That no bank
shall hereafter be employed continued as depository
of the moneys Of the United Suites or OF the Post or
fee which shall not by an authentic act, fled with the
ing Of Congress- agree TO the following terms and cond
tcnS:
/" First To proceed in good faith, aad speedily as
possible, make lis specie capital consist oil gold AMI
silver, and noay as mag be, OF equal proportions Of
each.
Second. To pay the demands Of the U. States and OF
the Post Office Department in gold and silver; the pro-
portion Of gold to be large the bank in good faith
can pay until the third day OF March, in the year ISIS
from and after which time, the proportion to be paid shall
be one half in either coin al the option Of the demand
CT; the other half at tho option Of the bank.
Third. TO pay all the notes or paper currency issu'
ed put in circulation by it, in gold and silver the OPP
Of the dcmander, from and after the third day Of
March, 1897, being for one half Of either, and of the
bank for the other half.
Fourth. To discontinue tho and circulation of
all paper currency Of less denomination twenty
dollars as follows: lees than five dollars Immediately;
less than ten dollars, from and after The third day of
March, 1897; less than twenty dollars from and after the
third day of March, in the year 1885.
5. Mr. Bentons bill for re-cstablslng the currency
Of the Constitution for the Federal Government No.
tice for the introduction Of this bill given Thurs
day. and from what could be understood of its PROVISIONS
it seemed that the author proposed to take the twenty
dollar limit, which has become law, his sariHg point:
and 10 cut of! different denominations Of bank notes,
gradually and periodically, until the act Of 1889 can he
rc.cslablsled, and nothing but gold and silver he
ceivablc payable account Of the United States
the Post Office.
G. The select committee of the House of Representa-.
livcs the rcclacr ofte District banks, Of which AIR
Thomas of Maryland is Charman-Ths committee is
known to be highly favorable to mctallc currency,
and it is believed that they will report provisions IN
courage gold and discourage small paper Tr temper
Of Congress is evidently the same way aEd for Pre-
sident Jackson, his sentiments sTcl! known, espc
cally since his famous hard mosry toast at Nashville,
years ago, and which hit the Bank gentry as
plump in the forehead the Unos ioa4t hit the Nuif.
cs the Jefferson dinner. This committee and lis Ia
bors then, may be looked upon Of the most i'm
postant currency operations Of the session for although
nolnlnaly charged with the banking Of District, yet
that District is the Of Gorernernt, and the banks
chartered for il may become the standard for all deposte
banks, and the model for all State banks and thus
great reform be indirectly effected upon the whole bank
ing system of the Union
In conclusion, have 10 congratulate the country
upon the effect already produced "pon tho public mind
The suhct Of currency and also the currency it.
self. The public mind has never, olnce the paper times
Of the Revolution, been wide awake and Justly
jealous Of the evils OF the paper system, present.
the hard money currency has never before been IS
abundant. Now, Tor the first time in thirty years Com
grcss is paid in gold. 1t has kccn paid Tor two
Suns. Every msmbcr can have his whole pay ana
mileage in gold, and can get more besides, lie has
be working of" deprecated paper he travels roue
let The people look to it, and perhaps they will that he
has fcenmiGry passion TO 'atyy wcll pOitcal
oIi"rt to accomplish by changing his goid into sc0b
papcr.-L i0Le.
OrrosTIoS TAcrlcs.-Thc National (Bank) Gazette
gross. says:
been between five and six ncn, il session, and
III" general Appropriation hill is passed TIL"
is, tia, The OF April paid
The Inconvenience OF these officers Of the Government VIM
gre take better Of themselves, and lraw ;h rny
pleasure, in arlrancc. This is very iar.''
Does the honest editor Of tie Gazette desire 10 know
where the blame Of this delay should attach: Let him
lack into Tie daily account Of the doiags Of Congress-
and he will lind the proceedings filled with dilaory
tions-Speccllcs of four days duration, made upon
ported by only six votes. alcr consuming ayrght days
in the discussion. Hc will find these things done By
his friends; by Bell WISE Ora yes, ct id omnc genus.
And would he understand the motives Of Ibis manEu.
vcring this upon Ike public business this pcrveIson
Of the rule which denies the application of The previous
question in committee o! thu whole, 10 arrest nernna
bic discussion; 1t is TO enable Walsh and his brethren
tn bring disgrace the representative body Of the drmn
cracy land the end representative government itself
The Immediate object however is 10 prevent the passage
Of The appropriation hils-to swell the amount in The
Trcasury-to hold out great temptation to set 10 work
the ogroing and corrupt politicians in tho State Legs.
atures, to watch the distribution of the money collected
by the General Government among the States popular,
80 that these politicians may get hold of it and appro
priaLe it to their selfish purposes. Ii is also the de-
sign Of those who have cloggcd The appropriation bills
to keep The public money out Of circulaon-to NAL
a pressure in the money markct-to set their city |
friends bowling 10 make another panic-and lay all
their dstrcsses TO the dcposi:c banks accusing them Of
boarding what they will not permit them TO pay out-
HPELL TAVERN.-1hc subscribers beg leave TO in
q y form their country friends and tho public general
ly that they have taken this we'll known establishment
and WILL on the first day of April be ready receive
all those who may be kind enough 10 honor with their
custom. The house has, but short time since gone
through thorough repair in addition to which. we shall
continue to make such Improvements will be ncces-
sary Tor the better accommodation Of custnmers.
We pledge ourselves to the most interchangeable
prons to render visitors comfortable and agreeable
rs mean to keep none but the hes, servants. Our
Table shall be supplied with the best Of every thing that
can be procured liz markct-our Bar, with the most
choice Lquors-and our Stable with good and attentive