Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-08-07
ssichla.ond, Tuesday, August 2
TIE .4LTER.N.ITIKES.


names, think it due to ourselves, say ,ucn as
may sufficiently "dehne political pos'on' IL Is
the less necessary for at this time arae me mae
in full, because we hare eIpaated uP' " f several
weeks and monrhs-and for the addi"na' reason hat
election is going in Virginia, 'ich may De- Affect
ed by the discussion. Our own PoIis are he'' IN the
Spring; whilst many Of the im",nIna y ' ne
next Congress. Missouri llIirs, ONO n fG'K' Tenn
eylvana &c, &c are spe dihg on during hr P'ef'hI
summer and autumn. AGtphe few remarks. men, "hlcH
we have now to offer would most cheeruiy lay inc
whole controversy u,on the she!!-leaYIng IL 10 "tHeI
States which are about to resort to the musings I"
canvass it TO tleH hearts content They may try the
ISSUE and it is 40, TO be denied that if they do not alto
pether cast tn. die they will 10 large extent operate
unon The fate of the general question: in Congress nGi
oIsevhers The controversy is with them The
case is within their special IcrisdIc'lon For ourselves
we are willing lay upon our oars 10 wait the course
of action in the other States II Inc game sh'n' 60
,,ns, the Administrations will rush 10 the rescre,
and do all in power 10 re.uni,e Republican be.
thren and DO battle with the Wings Unite rginDs
and we are in danger. We shall still beat down the
who's battle the Bank and d-iea, MIR CI,y.--We know
this language may sound Ike empty rhapsody in the
ears of the buoyan Wings; but they may be disappointed
again, cs they were In 1850 The panic OF "a avaLet
them nothing. in the Presidential campaign. And IS
it'll. will the panic of 1888 profit them in the coming
contest If we are wise enough 10 concI!iue, and 10
PROMISE 10 close up the fountain of bitter waters. and
TO reunite the Republican paIty.-The few remarks,
which we now propose ofrr intended 10 have that
effect. They embrace the expedent. which we thlnk
best calculated TO produce settlement OF the question;
10 mana re our finances give stability to commerce,
peace 10 our public counses and harmony 10 our party.
They are honestly addressed 10 the good sense aud tho
good feeling of all our Republican brethren
The Globe has lately written two articles on the Fl.
nance Question. In both, 1t goes tor the broad prnc!.
pie Of using the public Tsren""s for prae baHhHs
purDoses Extracts from the first article were repuh!sd
by ne on the 9th ut II think that the mudrf
carrying out this principle by the Special Deposie system
has failed the late sesson-tha it has partly msc''.
ried by the aid Of The Conservative votes and mat there
f.nl,h Ian Ia IA Snh
svs,em II saws: "hnd now that every propa,oy offer.
ing save that Of surrendering the Treasury TO n-ay
and speculation has been rejected sha! say that The
Government is not 10 be trusted with the immediate
custody Of that money which 1t Is Obliged to collect anu
disburse;" &c, &c.
We are indebted 10 the Globe for another very int.
resting article upon the subject IN It's No nj Sd
turdny night, which now lay before our readers
"RichmOnd in the Field again, battling for he Rent
awe are happy 10 see our good friend Of the Rich
mond Enquirer accoutred for the Presidential tonrna
ment-indued in his Of proof-erect in the sad
dlcand his nvincble lance again in p"se, to be hn'ed
al the OF Southern rghis-of Democratic pT!n'
cpes every where-,he nsserters Of privilege and mo.
nopoy for casses-the suorersion OF State rights Tor ia"
tonas consolidation.
How nice is the line which ha, severed him, for the
moment from his friends in comparison with the creep
gulf which yawns between him and that array which IS
rallied the ground which HAMILTON marked out and
which now assemblies under banners with the h'IzonrY
of NATIONAL hNTlMASONRY-ABOL
TIONISM-HARTFORD CONEENTlONISM-TA
RIFF-AMERlCAN SYSTEM-INTERNAL ~
PhOVEMENTS, boldly and egibly inscribed-the re-
nrSnd, from RepublicaDsm-CLAr, and the Nue hgm,
black cOotade Observation-Disclosures, commandng-the
latter il second in grade only second TO the sposae
THE Editor of the Enquirer concurs with the Demo
cratic party in The prncp!c that banking corPora"ns
should be excluded from poli,ics-that Government
should be excluded from exerting influence over banks
He agrees with his Ianer friends that the public money
should again be'diverted from public TO private
purposesthat when coiiectea from the people, 10 meet
L,,.t Il,
ms TO be applied il shall be Appropriated BY banks
to benefit their stockholders, by levyir.s a new
the people in the shape Of usury on BORROWERS IN
word he unes with his Democratic brethren IN the re-
solution TO make an npenetrable wall between Se
npy and business of banks and the money and bssss
| Of Government. file. however, holds that strictly
guarded Specin drpOse in the banks The safest oGe
Of esctng this separation, at the same tine
the Government funds, and securing the country from
Government patronage. The great body OF his Demo
cratic friends believe That the hes! plan TO effect the oo'
iect constitutional Treasury, under safeguards pre-
scrbed by the immediate representatives OF the people
and The States conded TO the custody OF responsive
sworn public ofcers, confirmed in their fidelity by ue
force of public opinion, rewarding them with h"nors II
faithful, with inamy If otherwise and by the law sur
rounding them with checks and securities in every &C.
parlment, and heavy penalties for delinquency when
| cannot escape detection
"The whole difference then, between the few Of our
party who with the Enquirer, and the many VINO
agree with us, TO the choice of c0 honest modes Of
accomplishing the same honest end Our object L. III
fact attained The Constitutional Treasury exists at
this moment, independently of banks, and would CONT
nue. if every bank in the Union should cease To exist -
But the law of 1859 does not provide those safeguards
and penalties which we hold be necessary 10 subc
the Treasurer and those connected with him IN his tTust
10 those checks in the Executive Department, 10 tina
legislative supervision and that personal accountability
through the Judicial tribunals, which are proper Whr
Their the Constitutional Treasury as it now exis's shnI
be modified by the association of banks under the sPe
ca depo,te system new guarantees provided Tor Inc
custody of the public money and It's abstraction from p
vale through Government itself, through ITS rAecu
tive legislative, and judicial faculties, without The AID
of banks certainly not ground OF dIssension anon!
sound Republicans, who concur in the principle OF So
yerng tanking from Government We shall never
make it an objection to any friend Of the common pin
cplr that he would give the Government n separate
vault and special deposte in the banks holding It's own
Treasury officers responsible for paying III and paying
out it's money. Nor, trust, will those no favor this
scheme be offended with if we endeavor 10 have ne"
munments thrown round the public treasure in I,s pre-.
sent position especially if the plan they propose should
not be carried. Our object is common one-to save
it from the grasp Of National Bank-lrom the use
Of all banks. If the special depose scheme be sue
cessiul and eiectuo we are con;snt-but We pre-
fer additional legislative guards-strlcter supervision
heavier accountabilly-to make sure OF 1t, and pre-
vent abuses the part Of those 10 whom the la"
and Constitution commit the trust. II the in'hGS
Of the Specul Deposc pl IAN cannot carry lhei' p'h
they will agree with US, at least in increasing Inc re-
sponsibtes by penalties and diminishing by o''"l'
button Of the trust the power and control Of the :'au
and nll Executive agents over the public mone::
They will agree with US, too, in the main point tha' u
maintaining the ground have, and keeping Inc ni
tons revenues and credit of the vortex OF the pans"
whirlpool and save it hereafter from being swallowed
up in speculalions and suspensions
This article induces to "dehne our political pos
ton VT is true tba. we are prepared in the coming
contest, 10 stand by Mr. Van Buren, and uncomprOm'
hostility to National Bank, against henry Clay ana
dcd We have no desire TO distract it still farther, BY
running third candidate Why should WEI Who stand;
any chance of being elected, but-Mar,in Van Buren,
Shall we encourage the Wings still more BY our cI''
sions Is il nnwise 10 change front in the very
. face of the enemy? Why should we abandon him. IN