Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-10

nobue and The debtor would have paid nothing
1t was the time when two bills tor the same afc'e we"
made out in the West: for silver and one lot
the latter being the former IL be- seen to have
been the period of least Importation, anu
tation of specie Search the memory, ano WIN ,'
YOU that the Bank of the United Staies 'aeh jusa
oversd from its own crisis of 1919, and just strong
enough 10 do mischief, employed IN eVlsce1ating
the whole interior country of its gold ana sVe anu ~
lecnp il on the seaboard, where II was eAPo'eu "
countries unaffected with the Pesttlence OF
Look TO the last period, the present Ie ano II WI"
he seen that dating from that era which shouio oecoe
national and receive perennial hohors III LJ
charlottesville most glorious era OF the removal u w
depositps dating from that era, ana II wiz oe t
that we hive gained near forty millions OF specie ny
mpcrntions aud that the gain exceeds iorty ihIons,
when the domestic supplies are added Inc P"cset'
PERIOD then is the OF the greatest increase VI
Gle ever known and such also is the national prosperity
Never before did the prosperity OF any country equa LIE
present tme was there such c1uberance OF pros
perity; and that after making due allowance Tor what
fictitious from the of paper and The eiiect OF o
pecated currency This excess ana nePreGatIoh gouu
be fatal were il for The seventy.tive millions OF spe
Gle in the country. But these threescoIe anu h'ee"
millions are the safety Of The land. They make the Peo
pe pendent Of the banks; they make them noePeh
dent of pancs; they prepare them Tor the present Pa
this sluvelng cuncern, now IN course OF PtePaalo
by The authors of the old Thanks 10 the WISDOM
HE foresight the energy of President Jackson ne mas
prepared the country Tor this second panlc ne mas o
fed it, and armed it for the contest SeVehty'nVe lo
of specie puts paper Defiance and enables the country
10 stand the shock Of the encounter NO longer eau
banks set themselves up above law and ABOVE HoVen
ment. No longer can they stop payment ano lolce lie
dishonored paper upon The country, ne oanh ' Ia,
would now attempt it would instantly ne put 10 .he
test of insolvency, and subjected 10 the law OF he
land as we'll 10 the law of public opinion. Her
The fruits Of ad ss dyeg in uRe" ast
torng specie currency, who Gun justify the opposite
which is proposed a course by whIchspece
is be dispensed with by the Federal Government pa.
per to take its place specie again 10 become an acie OF
merchandise for expectation TO foreign countries, and
the disastrous Of 1921 22 49, "a again realized
The crisis had approached in july paper was pouIng into
the Treasury, specie departing for foreign cliines;
President jackson checked The nundation of paper, and
he compelled the departing specie to conference.-the
face west instead of east-to land offices instead OF
foreign ports and in doing this, he has benefited his
country, and drawn upon himself the Remuneration oil
those who attack him.
Mr. Is. would conclude his observations on this part
of the subject, with calling the attention of the Senate
to the public mpuation of wicked motives, attributed to
President Jackson in the Kentucky speech and Phade
pha letter. from which extracts had been read. Chris
tian charity forbds and genllemany breeding avoids
the gratuilons impulatinn of malignant motives There
are in which delIcacy recoiis from public aud
Insulting reference from man TO another. But
where was Christian charity, gentlemany breeding,
or delcacy Of feeling when such words as these
used in reference to President Jackson: :" J
hare lille dOubt that The Specie order 'cus the REPENGE
" "e IFesiHW up"h CO.' oNi>oS y" P"Ss"S "e
DISTRIBUTION L-7W' Here, said Nr B., not
only personal Outrage the President, but attempt
TO excite the resentment of Congress against him, and
to mark him for The vengeance OF all who are disposed
to perver the Depostc 7et into Distribution Lac; and
all this too upon the grutuitous mpuatlun Of wicked
motive for measure just, wise, legal and indspeRa-
bly, necessary within itself! Motives, continued hr.B,
within the cognizance of the Searchcr cf all eorts.
liz them as rley are; the mortal eye may mis-
take them. 1t is good, then, for fra humanity 10 be
slow in charging bad motive for questionable
action he had therefore returned from ali reference 10
for the design Of those coincdent and twin pro-
duc.Ions from which he had made quotatons-the kek-
lucky speech and Phlade phia etle He had not said,
that they were Tie revenge Of disappointed ambition
for lost Presidential chair, OF disappointed ava
rice for lost National Bank charter. lie had not
in,imaicd that the marble palace in Chesnlt
street, and the shady groves of Ashland, might be
to The embraces from which this resembling
solution has sprung; that the imperative reqnisilion
upon this Congress- 10 command the instant repeal OF
the Treasury order, was founded in any scheme 10 OBJ
tain, from the Representatives of The People, triumph
that MAN 10 whom The People Themselves have
granted many rumphs over the same pursners. For
himself he had omitted all such ntmatons, and should
drop all further notice Of them Leaving then, the
and accessories this proceeding its origin and
their motive The pllass under which they themselves
have exhibited it, he should join President Jackson in
the confident belief expressed by him in the concluding
paragraph Of thai pact of his message which relates
the issuance Of the Treasury order, " that his country
,eoutd fad in the NOTIFIES rhich had induced IT, and
in lie H3PPY consequences ,ohch ha1c ensued much 10
commend, and nothing to Condemn.
Remainder in ncIt