Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-10

In word, The gloom 10 be dispensing all around
us-and brg hter day is about bursting upon usA few
weeks longer and spring is about to De cormuni-
Gated to every thing in on: country.
RESULTS.
The Globe and the .Nadisoninn both engaged in
the task OF drawing conclusions from the Proceedings Of
the late Congress- The Globe reduces most: of its
suits TO the following prOpositios:
The House of Representatives has declared, by co..
lemn vote That the money Of the people ought to-
and shall not, far the action of the House is
cerned he again surrendered the banks be made the
foundation for bank loans In other words, the House
Of Representatives has voted that scpaalion fur,
ought 10 and shaH exist between the public Treasury and
the banks
THE Senate has, upon this and all other occasions,
when the question has been presented 10 IT, since the
suspe nson cf specie payments by the banks in May,
1887. made the same declaration.
These expressions of The Representatives Of the pco.
pie in the Houses of Congress prove what we have
constantly asserted to be true, that the people of The
country demand separation between Bank and State,
at least far ha! the puJc money shut be in no ,eay
| connected ,ruh The business IF tanking.
They furlf:r show, that the why no law has
been passed. will he passed. during the present session
Of Congress 10 provide for the safe keeping and manage.
o the public money in substantial conformity with
the repeated recommendations of tie PRESIDENT Is not
bpcaIse there is majority of the members Of both
Houses favorable 10 the srp"raGa but because there
differences of opinion among c friends Of the ptin
ciple as to Ms propcr detoHS Of GM
pubcans is The safety Of the public money, and lis con-
venient disposition with reference 10 the public wants
and public interests and that experience has taught them
that surrender to the If Cankng IS Destructive
! of all these Objects
"Ihe vote Of The House against Mr.. Cur,iss amend
ment after the Republican members had so modified II
deny the bat not the Keeping, OF The money
to the banks concusvely proves that The sole object Of
the Bank and Federal party is TO give the money OF the
people the banks to lie used and Ganed up0n regard
less of the safety Of the money, the wants OF the public
! Treasury, the rights Of the public creditors
"Such the issue tatry made up bet'cccn Tie t'eo great
parties in COngreSs a.i IN The country. Can there he
any doubt upon which side Republicans will he found:
So far for the Globe Of July 9TH. The Globe OF III e
9th repeats substantially the same opinions 1t refers to
single test vote to prove ncontesllby that large
majority Of The immediate representatives, OF the people
as well Us OF The SENATE in the great principle
which tie Chief Magistrate has at heart, viz: sf7ara
tim of The money Of The GOrcrRntnt from the BUSINESS
Of banking This on Mr.. Campbel's amendmen,
to MIR Curtis s-which operated Is ian express proh
bi,ion of the of Tie pubiic money by the dep0se
banks" &c. 81, was carried by the casting vote Of
the Speaker that the funds of the Government should
not be used in banhing-a hundred and one voting en-
each side 1t adds list of names of "such OF those
who were absent, had before voted to separate the
banks from the Government fiscal agents. and arc
known TO be fixed in hostility TO the design of the OPP
position to convert the revenue into bunk capital
The Globe enumerates them, and then concludes that
if the House had been full the vote against the reunion
/
stood 1877 TO llO-leavng Messfs JacksCn oi Georgia
and Edwards of New York uncertain"
The madisonan takes another aud different view Of
the macr-revses the conclusions oil the Globe-and
then states lis own results, as follows:
"'rhe Sub Treasury schcme is defeated.
"rhe Special Deposile scheme il condemned.
srhe old Specie Circular is repealed, but one,
in evasion ind defiance ci the will OF Congress- has been
Issued.
Cong-ess has not yet surrendered 10 the Executive, the
Jus, control Of the Legislature The public moneys
THE Deposile Act Of 1896 left in force with the ex
cepon Of the 9th section relating 10 the introduction OF
small notes, which suspended until The lsot October
next.
"Mr CambreIcng's procamalion therefore, that the
Treasury would continue in operation until l54 in
spe of lamentations here elsewhere will be fased
or only sustained by direct violation anu contempt Oh
law.
"The DeposiIe Bank system remains the imperative
law Of the land, in effect, re affirmed by Congress
So far for our Washington colemporsries-But we
too are Panersi-umt though very much pressed
for ruom yet cannot i"rhear presenting coup ell
of our own notwithstanding their further deveoPe
nent 10 more favorable opportunity. WE CONCLUDE
thus, that
A National Bank is dsclained by both Houses Of
Congress.
The SUD Treasury Bill hns been three times rejected
Tie proposition TO dispense with The agency Of Banks
in the fiscal operations Of the Government, was moved
by Mr. + Rlves Of Virginia on Wednesday last, and
voted down in The II O: Il by majority of l6.
The former Gsnerai DeposI,e State Bank System has
been voted down.
MIR. Buchanans form of the Special Deposite System
was rejected being too much assimila'ed 10 the Sub
Treasury Bill.
The proposition TO off the State Banks from dis.
counting On the Public Funds has been adopted IN the
II. of r. -,
In word the r. Of R. have decided, that the public
funds should be kpt in the Slate Banks, but not rsEp
for Banking business. as Banking "capar'-"to be
used md Ldnktd uyon''-"as the foundation OF bank
oens"-fnr "lhe trate of Banks'-to use the various
synonvmes of the Globe.
And if This be ..,he ISSUE" which the Globe hes now
"ai.ly made up, between the Two great parties in Con