Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-09-07
: wcssty-Gnla C0Eaggess---2d sc>s.
SIEECli OF ME. DROMGOOLE. OF VIRGINIA.
IN tie I'LL 10 separate The GOrerantni from The BanES


SIEECU OF MIR. DROMGOOLE. OF NInGi>I,.
IN lite I'll 10 separate The GOreramsu from The BanHS
CONTINUED
Next IN odcr Of impeachment, Mr. Chairman, an,
To make g""d The charge, that this union at the banks
with The Government tends defat Tie Object design.
ed by the trainers q" tn" Constitution, in substituting
GHta power I" RAISE revenues place at the tndttct
mode ct Masking nqniSIti"ns the States. 1t is un-
necessary 10 drin the committee with history OF the
rp">ons made by Congress. under the articles 81
federation, HE d.tere: States OF the Union; with
account ui tie delay failure of the Staes III ny
i:sa"c's, t" comply, or with expana'i"ns OF the '"su'
Prh"ir ui!hcurs, indeed the acknuw dyed inability
81 I"ngf'ss I" en"icr compliance The principles of
hgsalIont r States or Governments in their cOp0rate
Or c"cctire capacities, cuutradisriprughed from the
iRd'ridH0iS ri whom they consist was pronounced by
the wteIs ct I'd" day 10 be- the great and radica! vice
Oh the existing confederation. The narrative of those
tunes the cssals and the solemn trhates in.
c"n,esi!y prove that correction m this radical vice
mas powerful and lerG,: inducrineni the it alton
ct ii.c present Constitution So lh"ruughy penetrated
wtir the trainers OF the Constitutions The
people. with the conviction "i the necessity OF Gelegat
ing 10 Congress power of raising revenue separate
from and TGrrendrnl OF The States, order III ,,It
body ar@h preserve the public faith. comply promptly
with all engagements entered into behalf OF the L.
States and execute efficiently all acts requiring ap
pfnpf!hon al money. that they consented in this par
t'cuIar I" gv" the Government Of te Uuion National
Instead 0i Il F,diT0i aspect
Congress vas therefore. authorized 10 apply the
nue. power dtuChy IL the PERSONS u" the citizens rtev
ed from any dtprudrnce The StaEs Communities
IN their c0Tp0'HtG character and exempt from the
barrassmrnis aud difficulties Of heir Intervention The
p'mp'c introduced Is that Of obtaining the necessary
venue By acts oi legislation P,hiing upon tIdriIUais
the 0bjer was, 10 to the Government the appro.
pirate application Of this its wants,
without d"pHnd'noa r0|POra's bDdiss The P,in.ite
will avr been Introduced vain alter collection
OF the revenue" it may be returned to the States under
tie name OF d"p"slis by which operation Congress is
again reduced To drp'"d.Hcs the III, and compel.
j. again resort 10 III" abandoned system of rqu..
Anti l.
gre" bv dPend1"cc otnhs, by creating the Necessity
OF making requsIl"rs c0JpOraie b0ditS. which
but the creatures 81 lhe c0ypOrGte GUiDr Of the Statr.
The clear for argument that both
the gTincp'e is violated aud IN both Instances the
Oy'd defeated These cUrpara'iOns delay de-
cline "'Hpance with the r,qui.i'lnns Of the Govern.
mrTt-E&y refuse IL pay the t!s q! Government drawn
lhem-nay deny In the Government the use of ils
revenue. The pGrIurisn, the public spirit, the
al Justice which dies cnFpuraiious a sorry
and unsafe reliance fer the support Of Government.
SUpuse hey lock up Tie rrvrnu-: suppose they refuse
t. weld II up Iur tor irnr. peace war.
where Is HE remedy against hrir c"nlunacy; where is
the re!Iri from h'$ miserable d"pendaEce FoI the pre-
sent only raise the question Of remedial acton--l do
not 20 ni" discussion ST lis feasibility.
Mr.. Chatmln am sincerely Convinced that Go.
vpTpment made. by It's organization dependent
rurat'"s is iTntampEta. ,-irciIv" nbrcr; If the
agens entrusted wrh It's administration voluntarily
duo" It 10 such d"pcndancc. they flrss their
charge Such drIrndIGcc. ,SuecIal!; n matters Of
ievrnGr. incompatible" with HI v-ry IDEA OF govern.
Ireut. Government does not full consli.
turr"na health nrd vgor. which depends, Coz sup.
plies. on the contingent III Of cnrp"rtlI"n
The next count the bill n indictment which have
preferred. charges Tie scheme under examination with
exercising powers moi granted IN 'hr compact Il usurps
ruwrT, no where granted, Oi lpanng I'll" public
money. The Constitution docs not. and, for wise rea.
song, ought not Ia confer on Congress n" authority 10
"ud money, IT" tUrru" ;.Uurv. the credit the
States. expressly an'!orzed; hu, permission of
the converse operation 10 be- found 10 the enumeration
ccsary prrprT Tor carrying INTO execution any vested
p"wrr and cannot be regard, aSot Indispensable imp
cation. The p"G"7 to loan money implies The ight to
levy and c"tc al revenue hes upd the rtCCs
sa:y and appropriate wants Of tie Government Az.
prca'i"us for "rna would greatly multiply The induce
menS to srPf:tiu"us. aud oppressive taXl,ion.-
desire /" negotiate loans from tF Government urged
under the pret'xt Of promoting ti" pnhc good, would
tri:si bust Of eSpccuniS and applicants. and would
Combine an Interest IN favor Of sn Plus revenues. which
would ultimately prove :rresis,rhr and overwhelming.
Among III" III s. gr and inp"rtuua;. their suicl-
tai!ois i"T The use oi the public ;uon-y always as at
present. VIII be seen the c"rpuraOns OF the country
Deficiencies 81 The revenue appear TO have been
ttmpat-G OF probable occurrence, and hence. very
property. the power "to borrow money is expressly
granted and mao" rcrmGnrn; bat The IGca of surplus
revenue OF taxation beyond The necessary and
consumption "t Government. to have been eau.
u"us'y exCinted from any place IN The Constitution
We search ~ vain FOR any s"mbIincc Of the power
lend public money The evident danger of abuse aud
granting loans 10 favored individuals associations,
vinG:caes The wisdom "f withholding such power,
ANA mpr":Ses With certainty. the conclusion that
such could possibly have arcn contemplated 4 total
absence cal al! authority To- lend the public money.
any form. ought 20 furnish security tia! taxation
would b" restricted L. The simple purpose Of appT"rria
ton Ul,.s tam and cyp, 0gria!i0" synoEy nous,
con,Guudd rr restriction Of the monry III The ica.
sury appropriations exclusion of It's poy
in the business VI loans
II wing asccIained. as think. incontroverbIy, that
tu lend money IS the exercise Of power granted
the compact, remains regular order, To- inquire
whether the d"posies Of the public money with the
banks in fact loans u has bren previously demon
that these drp"sies m0nry Gcfugiyjm tie
Treasury. but dtb doe from the banks Ia the United
States To undertake.. III addition 10 this, 10 demon.
srra'r further that these d,itS the result Of moneys
advanced or loaned, would be clearly supere rogae
Il would lie the useless employment OF adducng lrs,i.
mony in proof no"rousl sell evident fact The llth
section Of the famous distribution and cpose oi
the 23d Of June i-i entitled AN act regulate the
pos,rcs OF tIc public money!. expressly admits that
the pubic money placed IN tie haUHs under Tie name
uf tcpr site loaned /" th.m, aud requires interest
FL the Use of H. In Cur3mi;lte u The NiUir on that
bill moved 10 strike ont the part requiring interest,
placing The motion distinctly the ground that open
H. recognised the right Of Congress 10 loan out the
public nonry The clause requiring interest had been
inserted and efndrd upon the principle that the banks
ought Jay for thu oil the public money Thus did
Congress- "a mere trustee Of the public treasure bound
make specific application nf H. the right TO
& vrGl il, aud 20 loan it 81 interest.
Mr. Chairman. th!s scheme Of forming compaciS or
agreements with PERSONS 81 bodies polite moi hnl!Gg
Offices created appointments made, by ihiS Govern.
cnt take possession Of the with PERMISSION
to use ard employ upon condition OF PERFORMING GER
ialn rests upon virtual assumption OF me power
t. .rarfI. out The Fcv.nuss' There are general laws
specifying and drcar:ng wEai duties or taxes SHALL be
paid We have estimate Of t!s probable amount OF
venue accruirg from the COLLECTION Can the H"vern-
men, "hcrs be :hej natural OF arI'Hcisthe
rcl c of The taxes iii The TIIbt OF conversion To
their own use in consideration Of promise OF agree
men, pay aud GlLurse. as may lie rrfnfec, an
,cuyalrn, sum: Let this rdehlc dnPss this LIABILITY be
equal fairly estimated amount OF all du'S ara 'aSes