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

rency. The author Of that resolution in the sor.ih
fom which have read extracls-a speech a!5uat. =.
| ing with Just senners-rcccGnzes all this au h riv
and poca;ms all this duty the Preside mt as rbu,.s r
thr Executive Government twisting ancriory to his r.,
solnton;a measure only because -.
powers nd duties had been ncg et-.L Listen TO ,,.
:.Inere are some political evils which ser.s sr,p.,
they dangerous and which alarm at once rs werLe
People the government Wars and invaslons tI.T..
fore not always the most certain des'rnEer' ct National
prosperity. They come in questionable shape hcy
announce hprown apprnacr and the general saety.i'
preserved by the general alarm Not with the evs"t
a dcbas:d coin, deprecated paper cnrfenc%uG H..
depressed PTS lIrsinn:'e erase,vo paper none
facilities accommodation, and .ellsi Th.v hold
most ialIc0us hope of IN easier pay,ucr, ~ Ih,
tighter burden -,ftaxa;iot i, is easy tr ,; u:'h
People 10 imagine that Government NAV nroI VI &c
M" /" receive drpreca,rd paper bccnusc ihev
ed IL and l;pcause it is Convenient to ssh,i
"hiaia other paper specie. But on these sn,i, -
that Government OUCH 10 exercise lis o~ pcc;;,r
d'l and caution 1t IL supposed to possession Si; 80
o. this ia'un, somewhat r:ore Of foresight tia i! ~;
lea 10 tlGe j." ot adty.inas l. is hauAd to loes's a.
evti hr!nT" every crsSt. "nd t"'-e ut n'eas"fH
- guard against it, although lcy may be measures at
tended with difficulty: and not without some '''i
porary inc,nvcnc.ice. The Only power which the Co.
vrrnnrnt POSSESSES Of restraining The ISSUES OF The Snc
banks refuse their in the receipts ut the ITeI
sfy. This p"wcr it exercise HOW. or. at least cHn
provide now for exercising Il IN reasonable time bcC"i,c
l. currency Of parts u tic country Is yet s2",
and the rvi! is nol yet universal Bot have eXprrss
NV belief al NOR" than OCCASION, and now repeat
the option, ,i.i it hr duty Of ID" Secretary {" tie
Treasury. on the Of peace, to have returned Ia Tie
legal ana proper Ic,c of collecting Tie venue THIS
Goycrnle, ius right in all cas's, to protect its
revenues and guard them against bad and drprccin
paper. As 20 the oplnrn advanced by some that tic
uct Of the resolution cannot IN any way be answered.
that tie revenues canno. be Collected otherwise than
ll.y uny are in the paper of any ard every banking
sucHtioa rL chooses 10 issue paper It cannot tor
.ent De- udaliItrL The 'ug cn is to be done; at am
rate i; Is TO be- attempted. Ina! II will be accomplished
II flpt tha int,
o! Cu9.rgss have no bel e. II from that source y"
l,lmnton when rcprmalin easy. is not no%
to b.. expected. The great Object is that lega!
rrncy is be preserved and that not 10 rmHai
on the ocean Of paper money. cannot say, lEdrCc,
that his nt:on VIII certainly effect the desired rni
Il n.ay fail is success, nbvo"s. must essentially
drprti on the pursued by the Treasury D"Paft
uIgl
NJ &. WORLD add nnt!ing b. commentary to The pow
er ur appos!c d! these quotations. They Upo
.' rXgcnclcs o! The present occnson fitted 1t aS ii
de "ri"r aud superseded the necessity OF argument
OF ,.us ration Oac thing ought 10 be wei! observed it
speech. going the wh"" length, net only Of JnSt
nr Ii" pGcSGu! fraSury order but blaming the lras.
rs pspartiant in 1916 Ter not having done The ke"'d
expressing the that might not do IL 10 time 10
was del! cred the goth day oi April lel, tom d6ss
L~orc nc raysage ri c i"tA RESTITUTION IF that ycn"
cll,cG.rl}, and the whue speech proves, All he
powers and duties claimed in that speech tor the IroasI-
r. ID .pIr.,nl and the Executive Government over ue
ruatlnn ri the currency the restoration OF the co-
suona! money, and the exclusion OF State bank paper
rnu, pay mcns, were independent OF that rtS
ut!. were ;:undcdl, upon the Constitution; :: tie
at ri lTc.j, that the customs should be PAID ~ s1
az! 81 Ger coin atty; ), the act Of May iJ i55@@3!Hc
iali,n;a act Tor the general sale OF The public ldn.j
and directing that all purchasers should make pay
Irnt Tor the in SPECIE. or in evidences Of tie
pubic debt Of the United States! These were li:r
foundations OF the gcntlemanS argument: these tic
Ia the violation OF wc! he bad ia h- eye: th"se '''s
ground ul his complaint. against The cxisns adni!sa'
ton; III, Sc the future ark OF his financial h"Pe. These
utSItn
ard ii which, AID TO compel the speedy execution o.!
which, the ,int resolution OF loiO was conceived aHd
plss i. The author oI the resolution SAID at the Tine
lirl the success OF the resolution depended upon TIE
TREASURY Department, and expressed his tear thai 1t
m,i,r lll OF It's object through. the fault OF that De-
plrllmput. lear III whch tie gentleman IhlsST-
iugs were ppp!cllc until the splendid and benc'
icrnt administrator Of General Jackson upon tie
v,iI;ica urlzo bless and eAalt his country to COM
Iuaid Tie admiration Of the world. civilized aud bai1'
riam ard to realize the gntcmans own cherished AID
adj cred vision of lSiG-lle constitutional currency 49,
stored and the b0"ed aud presidential carcascs 81 u't
paper system expelled from the doors OF the Federal
Treasury.
Mr. T. repeated the date Of the speech from which he
had read extract; it was thc 10th OF Aprl, lolu ""f
DAYS before the passage u! the joint Resolution OF thil
ycar lie rev had another extract from another Spccc4
Of tie grntlem7A, ais, 4lvercd before that J"'t
resolution pissed, and clearly lTccato c. his III
tenti"n i'll bringing, forward That measure to compel IS
sour rs possible, The pCle establishment o. tie
currency u llle Constitution Il: the sole and eXcusr"
currrnc, OF the Federal Government 1t was spec II
delivered in February the passage OF the charter Il
the Bank OF l!c United States: and IN which the Spratr
took the great and true 2:"unt, that the law and lIc
sury Department. and the Bank ought to be the tfn
nlaor Of currency. MIR. B. only read the parts wi'
were applicable Tie paint in debalc namely, The ley"
currency the United States, and The speedy and c'"
pa sury ynrnt Of whole in that currcnc
L1tracl jr0m ir Hebstrs speGch tic Bank g the t.
States Chnrt,r BEt, fcbru0ry. lotO.
NO nation had better currency than the u States
I,t .r, rbp1
with more c.rc the irarcTa q !!e Constitution, AID
these vino enacted The earl statutes on this sGbjec,
were HARD MONEY Men they had felt, and There
re duly appreciated, The evils OF paper medium they,
therefore sruloIsy guarded tie currency OF The United
Slales from dcbascmcnt The legal currency OF the l.
States gold and silver coin; this was subject IN
regard to which Congress had run into no folly
Nj w. declined occupying TIE time "i Inc house -
prove that there depreciation oil the paper III Gil
the legal standard OF value gold and silver;
the relation OF paper i. proved lis state, and the ie
Of its drp:cciaon Gold and silver currency, he sad
was The law Of Tic land :: 'r,ne, The law Of tie
wo.d abroad; there c0nd. in The present state Of the r0JH
b. GhCr currency. In Consequences ut the immen>'
paper issues having banlsrd specie from circulation the
Government had obliged, direct riOiutioa Of
iSing sutucS, receive the amount OF their taxes
something which not Recognised: by &" as inc
ncy Of the country: and which was, in fact greatly d.
! preciatcd.
"hs to the evils Of the present state Of things, hr.
w. admitted in lis fullest extent. II he was not ms.
taken, there millions IN the Treasury oil paper
which were nearly worthless were now wholly USE
less to the Government by which an actual loss OF cog
siderable amount must certainly be sustained by tie
Trrasury-This was an evil which ought to he met 1T
once because il would grow grc alcr by indulgence In
tic cnd The lures must BE- pad IN tie tegal money # nc
country and the sooner that 'eaS 4f"nght a'0 ne 0cr
If CONGRESS were to pass forty statutes the subject,
he said they would not make the law more conclus:H"
Than il nov was that nothing should be received in pay
mcn of duties the Government but specie; and ".
mo- regard WIS paid 10 the imperative njunctons Of Tic
law in Ibis respect. The mhoc strength Of TIC Gortr:-
~ he sns opinon, ought 10 be put JorM to compel tic