Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1837-01-12

try was saved The wra!h which the miscarriage Of SO
many fine schemes occaSiyned burst forth upon the Pre-
sdeHts head the speculuor for The loss OF his myriad OF
acres the politician for the escape of the Government
from the danger that menaced it, the local ban ks for the
loss of the national DOMAIN to bank npor aud the bank
Of the United States for the loss OF IFS anticipated oppo-
luuilv If growing that national Bank inGspenSa
LIe IL The sale collection of tic federal To
make distress in the country, and charge upon the
srry order the resort q" all the disappointed par
t"s The kenlssky speech, and the Philadelphia elu :,
the signal guns for new panic; and the old drama
Of lS:}} Immediately put in rehearsal for periorm
ance the Washington boards as soon as Congress met
IN every respect this second panic was serve copy Of
he former the plot, the scenes, the same in
eide nts the same performers. No fertility OF invention
characterised ANY part Of it; touch o.! genius envened
The GaF! copy with tie novelty even OF Single
co.cr 4sion, phrase. Here We have it now,
Hike starved wolf at the door than roaring lion;
and lending lis feeble aid to the OF this resembling
resolution That resolution is open the doors Of The
Treasury again to the nundation OF paper money, that
the catastrophe avertcd last summer may be produced
nezt spring and the question now is, shall Congress
give up The public lands to spoil and the public 1rea
Sury u.convertibe paper alter President Jackson has
saved the country from both evils; This is the p1nt
we at and if any wishes proof OF Iii" de-
sign to overthrow tie constitutional currency and to
impose paper money upon the Government let hin look
at The universally of the abuse Iavished upon gold
and silver, and The applause bestowed upon paper money
by all that great party now palpabiy Disseminated by
the distinctive features of The Ilamonan school Here
force and beauty Of which will be fully cumprehendrd
BY lie boamsn nl The Mississippi river:
"But his miserable joo'ery n60m erelus;re metallic
currency, quite aLsu'd 10 dScad the scamjodts
nnd 20 bacE 10 p0!ltag ZIP The MSsts:Ppt.
This is the manner IN which this great party speak of
the CURRENCY Of the Constitution Aiserabe foolery"
as much behind paper money keel is behind steam.
boat. But why lose time to prove their haired Of geld
and their alteration Of paper: They would be ashamed
10 have il thought otherwise. They take care that no.
body sa! think otherwise by their ostentaous abuse,
in and out Of season. Of The gold currency and by
their observations praise without reason OF
per money: 1t is ncontestaGle then, that the imposI.
ton OF the paper system upon the Federal Government
is the second great Object of this resolution; and that for
the avowed mentioned by General Hamilton IN
his argument Of $780, in favor o substituting paper Tor
gold and silver.
Mr.. s. envied not the vocation of any man. of any
party, who enpysd themselves in the habitua vitupe
ration of any part OF the Constitution of the country, and
especially that part OF it which considered by lis fra
among the most important and valuable. Cold
and silver is le currency OF the Constitution. Those
who attack that currency attack the Constitution and
that in of It's most valuable parts, and the very part
which most universally concerns the People, Every
citizen is concerned in the currency and 10 attack that
money which the Constitution guaranteesis to attack at
his rights aud the sucred instrument by which he
holds it. MIR B. bad shown the orig in Of this war OF
paper against gold; he had shown it to lie at the olgin
of the great political parties which, under whatsoever
Names have existed m fifty years in this country;
and IL perfectly clear that, from the time of General
gold and silver has been The distinctive tenet of one par
ty and Constitutes the essential and radical distinction
between the two
MIR. B. said it was incontestable that every nation
must have national currency. 1t must have such d
currency or y in but in fact; and nothing
answer for national currency but that which COM
bncs two properties: first, uniformity OF value all ever
the country scconGiy, conycncRl- nortnhililv Srer
n>Ia' yssscssrs" .dG;; Constitution Of The INT
ted States guarantees its Gold is then the cost!
,u.iona national currency of The United States, ana
Nh b. held all attempts to substitute paper ~ ITS place
To he unconstitutional and pcrnlcous. Two national
banks had been chartered to furnish national paper
currency they hare both been put down alter twenty
years trial of each BY the power OF the People, When
lbe hrs, was put down, fatal error was committed by
l,sc ho did it il Dot restoring gold and that error
was doubled by falling back upon local State paper and
adopting il for the currency OF the Federal Government
Pc!i:tng by that girat error, those who put down The
second national bank made il part of their PLAN and
Tie part upon HE Of which every thing was 10
depend that gold and local bank paper, should be-
cnc the national currency Of the Union. This was tho
plan, od in pursuance Of it, many steps have been Ia
ken towards excluding local bank paper from the re-
certS aud expenditures of he Federal Government and
introducing gold IN lis place The largest and most
srntial Of these steps Was the Treasury order OF July
last and the present movement oI the resclSson OF
that order, and Tor tie confirmation Of local paper IN The
receipts, and consequently in the expenditures, OF HE
Federal Government brings up the question, whether
gold local pape. TO tie made the national currency
1t brings up the question: for what the Government re-
cash pay cut cash. and What the TO-
ycrnnent THIS receives and ri Us out becomes the cur
rrncy Of the country also; for the People, single andcd
cannot make head against the action of the Government
The effect Of the present movement, then, is, TO over
turn the plan of those who PIT down the Bank OF the
United StacS and to substitute Tor the national gold
currency, which they Promised the country the actual
paper currcnces OF all Tie States and Territories OF
the Union This is the effect Of the movement; and
the question is, will the Senate put down gold: Tor
gold can never live in such company, and adopt all hese
,r INT M
too Obvious 10 need enforcement and too often nv"ked
without effect, Mr. b. world cNdeavor TO address himself
practically the Of The Senate, by showing them
the OF the evil which was proposed to assume Here
is said he (loldng copy OF Bcknell Couno Ilet
Drtrcter ereit is; little volume Of - pages the first
Gco:itaning ~ columns OF the names of banks apl"be.
ideally arranged by States and Territories (Mssour and
Arkansas the only not in The Iis and each column
containing about Gu names The remaining ~ pages
are filled with the description Of the lllegllInate progeny
Of these banks; that is to say, with rghttul ana SICK
ening exhibition Of ioIgrElcs Here, them Is near one
| thousand banks-3robabIy upwards OF thousand ny
this time hose promissory notes are to be put on an
equal fniing with gold and silver at the land olces,
custom houses and post Offices Of the United sates aud
which, being OH an equal footing, will soon have the
upper hand, and have all the custom houses lana OH
ccs and post offices themselves for gold and silver
will go where they 60, and will never abide wefe
they Uourn.
Ne are called ppon (said Mr. b. to adopt this wilder
Of baHas furnshers Of currency to the Federal
GoverniNent to accept their paper promises 10 pay gold
and silver lieu of gold and silver; aud thus 10 make
them the evners, of money, bu, Of paper for the Fe
dera Cove MT and 10 enable them 10 supersede the
constitutional coinage Of the United States ne DID not
sn,pr into The question how far the States each for ITSELF
might authorize paper currency; that s not the question
now-bu, whether the Federal Government shall adopt
as its own all the paper currencies Of all the States 0nd
Territories This is what we are calied upon 10 do una
he whom; Certainly there may be very disintes
esed and very patriotic men so calling; but more
aolv there are four deeply interested classes calIing
and visiJy seen the head OF, The movement. These
classes were: L. The SPECTATORS who want bank
Inans and bank facilities, 10 enable them ou,bid
HE Settlers and 10 n,onopolze the choicest lands
, The local banks, who want the NATIONAL dunan