Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-05


them uil;Ii CanIrr Inicr'tTes. =,
From the 't;er o! Mr. D!dGe to Mr.J.Q Aoa''S' '"'
B. read Us follows: 80.
Sir. u,occrd To the second suAj"c! of cur
present state Of Tie rnrffncy-wiich
shall! disrassi"natcly, as an abstract question Q!
mere finance.
Our recunary condition seems to be strange aao.
maly. VIXEN Congress adjourned it left the country
with abundant crops, and high prices Tor thea,-w''i
every branch Of industry i"ur:shing-and with mere
@ wye sy onc H rse has s
Lrr5ue the slightest change; yet, a:ter "" niohl'S'
Congress will e-asscmble, and find The whole country
Suffering intense pecuniary distress The occ"s;"n
OF this, aG the remedy ipr II, nry wcli occupy Cur
thoughts.
:. III? jud snrnt, the main cause oil It Is the mis-
nanac, lneit vi The ;snanagen'ent III two
respects Tic MAD" cf rfe"tag Ike @s'r'''"" '"''' ana
the or:Ier rtga:liay Specie far tie Pndltc lnHdS
"SIcl Il Of itself Sufficient to dsnFgan
iss In. currency. Bat il accompanied by another:
which armed it with cnuld power OF mischief This
was the Treasury order prohibiting The receipt mt The
land offices of thing but specie; act winch seems
10 most wanion abuse Of power, II moi ilgrunt
| usurpaticn
Ike whole rccuiary system of this country, that TO
which, 10 us ir, dom, It owes lis prosperity, Is the
system of credit Oar ancestors came here with no mo-
ncy but with ia: better lingswlh courage and indus
Try; and the nt capital supplied by their mu-
ual confidence THIS is The basis of our whole
cia and internal industry. The Government received
| lis duties on credit, and sold its lands credit. When
the sales of land credit became announcement. lron
the complication ri accounts the lands were sold Tor
what is teamed cash But this only another form Of
credit, for Tie Uauks by lending 10 those who purchased
| lands took the place OF Tie Government Us creditors
and The Government received their notes equivalent
specie, because always convertible into specie This
tie usage this may he regarded as the law OF the
country. b. tie resolution of Congress- passed on Tie
5Uh vf April lelU declared that mo duties, taxes
debts or sums OF money accrung or becoming payable
to the United States aforesaid, ought to be Collected or
received otherwise than lie legal currency OF The
States Treasury notes. or notes OF lhe Dank ci IL"
! Uned States or in notes Of banks which are payable
and paid demand in tie said legal currency OF the u
| States.
Tins resolution presents various a!leTnaiivcs-thc
legal currency r Treasury notes. a" notes o the banE
ri the United States, notes OF specie paying banks
citizen had right 10 choose any one Cd these modes
Of payment lie had much right I" pay TOR land with
the noe OF spt :ic paying bank. pay ir duties
a, the cus.n,u .linusc Ii this b. Denied cprain any
vi l: i'll .ht he accepted by The Treasury; hut 10
rrosc al! bal "ne-tO refuse every thing but The most
dIcul iing-lo 20 this without notice OF the approach
Em change r fundamental system OF our dealings
is an ui nIa;ull,:uS oppression.
g. II he prohibits The receipt OF any thing but specie
TO famd spec"atios he may make lie pro-
hlJ,n as the Guss HARDWARE broad.clNth, or
wines, whenever his patrrIal wisdom shall see Us buy
ing too may S!oveIs, too many coais Or too much
canpa4,ie 1:d thus brng the entire industry OF the
country Under lis control
:. 1t II speak of the remedy Of these evils
They !Jii"w obviously The causes al them The causes
the njuGclUus transfers OF the public moneys, and
the Treasury order about specie.
The l::St OF relc therefore, should hc tile
instant rrca! Of the Treasury order requiring specie for
lands l.e second. the adoption Oh proper system 10
execute The distribution law.
These measures would restore confidence in twenty.
four hours and repusc at least many days ii Tie
Treasury WILL not adopt them voluntarily, Congress
should immediately c"nnand it,
From these documents, SAID Mr.. Is, and from Tie
S,ICe @ n EwlnrO
charges whc made against President jackson, and
which this resolution is supported and fer which the
rcscSslon I'll the Treasury ORDER Is demanded. are: ,
violation oi lie laws; Ser0nGiy. violation Vi The Con
s,!tutinu thirdly, destruction Ut the prosperity OF the
country. Mr.. Is. would JOIN issue each Of these
charges aud take each By itsc aud all in their turn
aud first OF Tie i!legay. Ills charge was boit"med
upon The alleged cutaytn,lun OF The JOINT resolution OF
April IclG, the better collection OF the public
nue.; aud although partly set out both IN the heHtucky
Speech and in The rhI!ae phia letter. he preferred o
read il rmiirc as the first part though merely directory,
yet directory in the essential particular OF showing
who 10 be The active agent IN carrying The resolution
!!o effect.
Tie joiat resolution IF 1916.
That the SECRETARY Of the Treasury be, and he here
~ is required and directed to adopt such measures as
he may deem necessary, cause may he, all
duties, taxes, ucbs. of money, acciulng or be-
coming payable 10 the United States; to be collected and
pail in the rga currency Of the United States, Trca
srry notes, Of The Bank Of the United States.
by law provided and declared, or in notes OF banks
which payable and paid oil demand in the said legal
currency u the United States; and that from and alter
The 10Th day Of February neXi, such duties, taxes,
debts sums Of MONEY! accTuIng or becoming payable
the Unled States aforesaid ought To lie coll, cited
received otherwise than in the legal currency Of te
United States, Treasury notes. or no" ii The Bank
Of the United States, or in notes OF banks which art
payable and paid on Demand in the SAD cga! currency
Of the United States
This is HE law, continued Mr b., and nothing can be
plansr than the right OF selection which 1t give I" The
Secretary Of the Treasury. -Four different NADIA are
mentioned in which the revenue may be collected, and
the Secretary ade the actor, the Hgel aud the pow
by which the collection is 10 b. ctirctrd lie Is to do
in one in another lie may ciocse se"cra, or ali,
or two, one Al III the distinctive NC Two air
joined together, but all Gi&'mrd and presented 20
individually and separately 1t Is clearly the rigGs
Of the Secretary order the collections be made
either ut the four mri.d mentioned. That the resolution
is mandatory !avn. o any OF the four, Is ob-
rious the IN which the notes OF the Bank
OF the United States mentioned. They were to be
received Mea provided "rby law; for the bank char
had then passed; and The 18th section had pro-
yided for The reception of The u this institution
til Congress- By law, should direct otherwise. he right
Of tie institution to deliver its notes IN payment OF the
revenue anterior TO this resO luton, and aways held
Under al l4lb sect on never under Tins joint rrSo:u-
r;!; and hen section repealed al The last
G This Congress- that right was admitted 10 be gone,
and has never been claimed since.
Tie words Of the law clear; the practice under il
has been uniform and uninterrupted from The date 81 It's
ssasc 10 tic plcc day. For twenty years, and under
three Pres dCms all Tie Secretaries OF The Treasury Lave
acted alike. Zach has mace Eeleciions permitting the
sp.cie paying banks TO be received and for
b!dsng others Mr. Cra@o!d did it in numerous nstan.
ces; ana fierce and universal as were the attacks uu"
that eminent paul, daring the Presidential Canvass Of
lc24, no h..l:an being thought Of charging him
with rga!liy in tits respect. Mr.. Rush twice made 81
iIar selrcliUns during The administration OF SlT Adams,
ard CIR, either in The saT:e cabinet with him. Or out
oi tic CLh Urt agans HIM. ever complained OF 1t. For
twenty yeuis the Practice has been uniform; ard every
citizen o The Yves! knows that that practice the ge
ncru tlouEi mol universal exclusion Of the Western
specie. y.ng bark paper from the Western land offices.
This every IL The Mest knows, ard knows that HAT
general exclusion continued down To the day that the
Bank of the u States 10 Ee The depository Of The
MI, I JlIul nj " Inch