Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-10-19

800 ors National Esrk The issue Of the contest,
c'r''" ,r, nave a,rn to send forth their mandate
.a~ "' n. ,r,pe II A;karsss viii he ion"J ~ The
aga. e the Drm0ciacy, sus'a,ln. Tie o!G '''f""'
,.'' pa,.n, "a Ia, "ar against The M"NsihH 20 "u
"" ,,,,,o;I at whether Martin Van hu5eh OF te"'y
D." II h. President nf the unIted siacs ou' II Is
t3h power shall b. created, which sha' swar!""
"0' ,b,r pnwrr- President. Congress, aho tue ION,
" a., and against Which the people 'heihst e'uu
rr cnnhll IL it sh u! once oo'an 'o"hhs !" Tue
bur. s. c!, siion IS now, as IN The times {" Jruet'
rltaT, ,tKtCY az FEDERALISM; THE PEG
s'r1, THE BANK
~" n, tue Address Of Judge Cross, under the
~, impressions which the Gazette had INSPIRED;
a'0'' Messed discover how strongly they were
%" ~ Jby 7 nearer acquaintance with lis exPostions
'''', Nan Of finance, which he proposes we concur
On ' t,h the judges opinions There Is not hair
2rh",r rlic,pce between us Tie Judge first derel-
=, great length, hts objections 10 the BANK OF me
.''S W. extract the following passage, as containing,
m rrst OF the whole, al least one oi It's strong ana
,o.wcrabIe o5!rcions: d.. ;,sr
equator the currency National Bark, IN my lnas
~ ENC o; Objectionable features. Ii those
n OF such institution could regulate tho
h tho legislation uf the respective States OF the
,T .iv could they also regulate aud con,io their poll
I I o.aef important interests IL would be Objection
to the susscs,io Of its prominent,
-. al New foTs would be able not ony TO ioee 10
a> the non principal trade and business Of the
contracting AID expanding it's operations, Influence
aI, Of IEbOr and the value Of the productions Of the
ya & OF branches in the different States would he's
' srifa. the means OF oppression They being under
i lie mother bank, and, sccoun, OF their loea
80 ,, y the monetary Affairs OF the States, az wei j,
~. ', n II of their surplus productions, word
ns5 =, Keep her constantly advised on these suocets:
b" Nais l, would shape her havias regard,
W'h p AZ g more her thau to the interest OF any
20 section uoioa Such an ,n;.tuon' aS low Inc
q, .c surplus revenue as ITS means Of operation and
those cor kholders Of course would advocate
,a; ind oppose reduction OF tho price OF the public
" an, ugwia. create so formidable power, with mic
~. r,riancc with on these important points,
The Address after urging the objections 10 National
..,,ion proceeis 10 develope the scheme, which he
ts The best calculated TO administer our finances on
@ s.es and best princp pies We thoroughly and cor
liz concur with him in the following views:
fmong the advantages proposed by It's creation, one
. mat !, would afford to the country safe anstnnilotm
currency not liable to depreciation answer, ihai we
',Sv have currency consisting Of gold and silver,
.r,sd by The Constitution of the United States, more
M mole uniform and less liable to deprecallon lnah
.,r that could be given BY National Bank lhe pa,
r.r Of State bank. at oil times conveI'i"ie INTO eoi9
s5 .Iv,r (,nd am opposed to any o,hsr 10 as good
.hs napsr of National Bank. also convertible; ana
liner IS good without it. Another: That Its paper
pood be received in payment for public lands and o'her
ss 10 government and that thereby The convenience
the naople would be promoted. have no oblecuon
.ng the bills of local banks for these purposes, when
v are redeemed in specie, presentment, out am IN
rvc, Of il | would, however, require the goreTnmch
ronrsrt them gold Srer at stated ana no aus
4 taxi Ptr'CGS a., ,,,r. c,,a, r,o,, al
,rtnJ Institutions tIcrpt for the mere purpose OF sage
;syinr meets my cordial appreciation by curtaiiins
rcrtige power It would constitute the suTes guaran
too o- The preservation Of national existence 10
.o those interested in banks national or otherwise, 10
oit by the use Of these funds which belong TO all IS
n favor the few, 10 The exclusion OF the many ana az
IN, same time mourning the risk OF their loss Instead
Of erecting public buildings at different points IN 'he
Tnion and the appointment Of Receivers General Tor
,5e,r safe keeping ,coud prefer daring tfsm specially
deposited IN local Lan&s guarding carefully against Their
use G such drosltorieS. The capital error OF the iae
administrations in relation the public funds was, the
emission given the local banks in which they had
been deposited, them am opposed 10 any po'
lev thai will lead TO the accumulation OF large sur
plus in the treasury. The public FUNDS should be re.
,,;,;at in amount nearly practicable TO the actual
wants Of the Government By pursuing this polisy the
whole would be kept flowing in and out, so as to pre-
a. any time, the control OF large amount by the Go
7sinmeni .
"AthOuga the Presidential election is distant, it would
become the duty OF the person chosen your represent
ve in the Congress- cast The vote of the State
should tina, election be thrown upon the House OF Re
p,e.eD,alives In The that Martin Van Buren, and
Henri Clay the candidates, Of which there Is now
tut little doubt, would vote for the former. He is in
Tor Of graduating The price of the public lands, under
such restrictions TO proven. large quantities from fall
ing INTO hands of spectators; is opposed to the
concent7soa Of the moried power by creating Nation
a. BANK, whch would tend greatly 10 the increase OF
executive patronage power, and influence advocated our
.ns-iun into the Union as State and urged efficient
HF I'ay'oh 'e oher hand, was the bitter opponent OF
I or application for admission 1as been oppescd Uni.
i9fmlr graduation Of the price Of t- aublic !ands
and the passa ge Of pre- emptIon laws; voice
sn ,propriuon 10 defending frontier; and urges
n c,nceatra,ion Of the moned power. lie opposed tht
later with great zeal and ability at The com
usDeement Of his political career Ole. Clay in the
n,es, for The Presidency between MIR Adams ard Gen
,sson gave his vote and his influence in favor OF the
iy-l,r when l. apparent that large majority Of
lie people in favor Of the attsr-thus showing an
u.er disregard OF their will. Fer hiu,, UNRESTRICTED,
II cannot :ote'
Upon the Finance Question, phat varieties Of opinion
Fl prevail
"A Ist The old U. S Bank.
A ID Another National Bank with new variations.
4 Sd The employment OF the State Banks, with &c
4 rs-lL SysteB Of dcFnSite.
tn The State Banks, with well-.egulated system,
n G. Social GepoStc
4 jla The Sub.Treasury System, without the Specie
U2n,e
\ 9Th The Sub Treasury with the Specie Clause.
Some POLITICIANS have Gown from exteIne 10 ano-
u ,aer from 80. 10 No G-from the old u S. Bank 10
he Sch Treasury. with the Specie clause Oicrs again
'.m'a AZ No. 3Some have gore TO No A. and propose
iE4 Is the common ground for co,nproniee-as Judge
n C''., and humble selves. Many have gone on TO
" and many 20 No. G-Tbe friends of the indie
81 7srcen Treasury differ much among themselves, as
he s3rocaes Of the General aud Special Deposites in
I Tie SAFE Banks MIR McDufie, for example, opposes
he Specie csusc-s'r Calhoun declares, that the whole
n >?s'm you'd he farce and mockery without it-and
A''''IeE tFSh remain NJ no ., ne Wouio go oach 10
HH'na! Bank. few political subjects indeed have ever
led forth many divisions and shades Of opinion.
TIE ETce: of the Elections i.
HOW STANDS THE CASE"
Inc Alexandria Gazette is deeply affected with '!the
present 'evecs of the Wings" 1t declares them to he
as serious and important to them, the late Ai
3m'rsa''n defeats TO the Van Buren, party'-The
gazette says. at sufficient for 10 know wien de-
''' occurs and sag so, and there is end 10 it. 1t
''s we'll then for the Wings after the results in Ma.
1nd PtnnsT iVsria. New Jersey, and Ohio, to pause
aI enquire, how stands the CASE: as it for the
'h%' OF Mr. ' u. 10 ask that question when they had
"sN io'k, Name, and whole tier Of other States
."%scanil0g upon this proposition How stands the
"e Gazette essms 10 be affected some what in