Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-09-04
specie we possess the greater and more durable will be

specie we possess the greater and durable will be
prosperity To this object, then, should the alien
tirn al III" Government uv directed, a"d ali It's efforts
be eSer'rd 10 Ir;an sf"c" ir he country. Hy thIs
means alone her commerce be freed from ulsOns.
and her people bes'ed from ,o-r pressures the pc
cuninry Transactions Of The country which the plague
and scourge Of industry There is another interest in
the country which in this matter conflicts with The
mcrcia interest, and whose claims Le considered.
mean the interest of the agrlcuurs,, mechanic, and
the labnring classes generally. They have suffered
much from commercial indiscrriion, and that phrenzy
Of speculation which has seized upon and prrvadrd all
glasses ot capitalists. They kaVe not participated III
those schemes Of speculation, which have agraten the
country aud unsettled the currency. They call for
currency, winch canno, BE SHAKEN by the Wild and
pEfshZeu schemes o! SpfCu!s.os. Their vance must
be heard and their interest must be accommodated
They constitute the bune and sirrw Of the country
Upon them the burdens Of the country chirfy fail -
They are her bnwarks in and in peace her support
Shall they be made the prey o! speculation: Shall not
their voice. draand'ng currency suitable 10 their
wants, br heard in tie national councils: Believe me,
Sir. il must and Will be hrard
There Is another advantage resulting ffnr Grating
demand Tor specie, which account C It's Importance
demands some notice 1t mus! be nppsirnt 10 NE most
superficial OBSERVER, that, pcopr, fast de-
parting from The simple and transformations habits OF our
fofeabers, Ind contracting habits Of luxury and e.
frmnacy. Hy substituting paper for 4 metallic cur
rency, We divert The precious metals from their natural
channels as the by which commercial transac
become converted into articles which contribute 10 lax
uTious vanity and e!rITDate s0!tness They then b.
come the source Of Pr"gary. dissipation, and tY"ry
unmaniy vice which nD's the mind for enterprise, ga.
rrrn'nent, and every noble and generous effort ms
has brtn IN every age, accounted the bane al empire;
aad The proudpst empires thu world breid, have
fallen before lis deleirints influence. More particular
Is il luxury the invrterar foe # Republics 1t attracts
the Inad iram the desire nf those simple habits, which
constitute the chief Of IL pub!cIns. and be-
gels love Of wealth VI show Of grandeur, md oi pow
er, and consequently spirit 81 rx"rnn and oppression
which hrlongs no, 10 governments which az" founded
Upon the principle that all men free and equal The
greater the demand Tor The vii, the precious
metals be converted into cun aud the lcss will tey be-
manufactured nto ARTICLES Of show, of vanity, and 81
luxury, and u corruption and OF danger 10 eur
institutions BE- obvIalrd II is not ny intention to cry
down banks nuisancrs ni snc:r!y the Of the
country far from ii. On the contrary wien property
constituted and condIcted they usrfuI in tie
mcrcaE transactions of the county Neither do DE-
sire to The principle which | have been adv"cang
suddenly carried into effect believe there would br
danger IN doing this. While The engine is in rapid mo
ton, would not IN order IL clngc its direction, throw
it from lis at ,t angles with the line of dirrc.
ton which it has been pursuing, lest part OF It's
complicated machinery 'ight be r'rpsrn'y injured, or
the whole might be destroyed; but gradually would
aCr lis COURSE Just gradually would effect chang"
ia the fiscal operations IF the country until lhs princ
pie came into full operation IA ii moi my Inlrn
ton in the commencement I" enter into any dIscuss"
Of this subject have given 4 few condensed argn
meuts in favor of retaining The specie principle IN The
pecuniary transactions nf the Governments. d!I no
Political Economist Political Economy is 4 science
which have never studied What have given, ap
pears to be i!e Suggestions CT COMMON sense aided
BIZ common reflection.
Having written dfuseiy than il was our 'inrn.
ton upon tie is, part Of proposed plan, wc viii
consider the second part briefly possible. Is the
Sub asufst much HE invrrra,r i"r al the hanks
that he cann", consent that lry sh"u!d become the de
pnsi,orips OF the public money; All the necessary quail
TcaUnS, pGbc Repositories, can be met with II banks
In farming psn re the custody Of lie pu;iC revcnur
two things appear 10 me |" be essential safely q" secn
r!y, md economy; in other words, II should hc PIacrd
where loss would accrue in liz keeping and whore III
custody would cost tic Government 10 I!i,e possible
Are not these essentials TO b. found in banks well
in individuals see good reason why the public Ic
venue when collected, shonld not be safe in the vaults
Of bank, under proper restrictions. as "Etn pi"crd ~
the care of al individual! unless the bank he dtvnd {"
Common hnn-sr, which think wnud hr difficult. t.
prove; and Arguments brought forward to imrusn The
honesty Of bank might, with equal proprciy- b" adduc
Ell against that ul individual. Public opinion To gay
nothing Of laws which might he enacted upon tie sub
jrci would restrain bank from committing !;audS up
on the Government and if which should be :rrct
ed bank of depose, prove fraudulent II CT" be DIS
csrLcd, and another selected, which wonid 81 the case
with individuals iniruscd with the care Of the ru'ic
money; for individuals likely Ia prove itauancu
drflulrers the banks. Banl-, doubt. would b.
satisfied with the compensation AZ individuals. srt
perhaps with less, and consequently plan would b,
economical The oth"r It's in vain 10 urge that, il
inlruS;nG the "f III" public I"nry 10 ndirtua IL
the collector. after having received the public dues, may
become the depository This viii not alter the CAST
Increased responsibility requires Increased camrrnsu
ton and he w have remuneration both Tor TIE cnI.cc
ton and custody .! the money Thus the custody, the
safe keeping Of tie public money! you please. 4! cos
snmeihiug and il may hr economical 10 employ hank:
as inividuais Banks transfer the money from
point 10 another with rqua! DESPATCH facility and security
dviduais and perhaps with g'eatrr The CREATES
objection banks becoming pubic dcpGsUrirs, that il
their retaining Of Tie pubic money IN their vaults atC
suspension Of spCcie payments, shGnd The country -
cursed with another Suspension, paying III depr,
It'd paper may o. Ubva!ed Gs proper Laws and res:rc
have thus Sir ftchy siptched Plan which APPEAR
to me to be trs-5ie. and thrown out rcoh- rem
suggestions in its favor ! have never sren tie par
proposed by any o the Republican PARTY. and Il i
has been propnstd ignorant Of Shnu'd il b. sp
proved aud union he effected upnn is princip!es
Shall rejoice: but, tho contrary. should il not bI
suitable 10 the views g: any, to them ! say, prrp"st
one which may be desirable, ard which may tt:rc
the desired object Y"ue country demands l!a q
you. and common patriotism should prompt yen Il
lie task To Republicans generally, | would say
lie: rs erase oWr disssnsinns. Our cnun'ry demands
this al our hands The o liberty tr"ug hoo! t:s
world the p'c.rrraon, the pPrPe'1!I"n Of eur sacrsG
Institutions which il ancestors much 20 rear
derna nd that We should be united Can We. will we sui
Ter our Republican institutions to he overthrown! S'sl
the Republican administration Of our present hrIoYeC
and palrioc President br beaten dn"n and O7rfurnec
Shall the great The Fundamental principles Of R"pu3'i
caDj.m be rooted If society and 10 exist: L
MS eN arise hsni diSsrHSions calm ccminif"ns
0Eniiafe all bitterness n tftng, TGHy aT0"nd mr. IRE
sidsEt and zr0c0im 10 tie "criG. SHALL NEVER BE
SDou,r lhan sgH b. hr mating 0crans sinh c'ose err
ear Lor,d country and BIO, ouher erisenee from among
'"' ''''''''' CivIs vlEGINlANUS.