Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-09-18

much tie most upO"ai pnfhCn o its Gi!thct which
proposes TO receive naiiing hui ri ard silver nr the
pubic dues !aV" already discussed ':a point on the
rrnY"s:nn 10 issnr Treasury "oics The provisions at
the bill under consideration, which relate merely
Ia the keeping NJ the public money, c"mp1rHvfiy
umin:rortan, 1hry would he simply imriac'cab;r.
and, 10 certain "x'crt, IL ;u'ions h" demand rf
specie would in my d"lb"rar Judgment, be ru!nouS-
The former do 10. ny any means regard AZ n wal
question II there any prospect u; it6 becoming
the permanent systcm. there would e danger when The
.EnuG b. larr, md hrsry Smrrlrs {" ruvs
it in IL" harts of tie President what IS tie sSinr
thing, Of officers appointed and renewable Ivy h'tn -
firF~wo.id b. dargac in -" cnriuP'l"g irHuences OF
,ir rr!c money bcag lcfi N the hands Of those II"
have The ges' Temptations TO ns" u; and more than
rh;S k0ot7 that the plan is mpTactrshIe ard wc"!d
risk Ny life that it III $" ur Il II is ever adopted
The pubc money nayhe collected and kept by PT!ya'"
a-rAs hr' it Cannot be- transferred w!I"Ii The agency
OF banks, in some tnr:.
Il am right in these oiiriHrs il would simply turn
on, TO BE- iarrr. md there regsne:aing nhence
pervSd!nn tie whole country that .: save "S bs.
inTc mach rTii can Er done. think the plan have
suggested in al respects the best and 10 not doubt
that it would be ndo'ed by the ousr If were not for
utas on all sides Those in favor %: the Sub !rrssnry
viii fer it, EGnw. u1 their !arcfIe measure
tefa,rd Geirn!. 4, nrd ,rvrr "mnii'la'ed knew
That i, will be The friends rI u Gaa. will n"t vote
f it, hccanse thcg believe that 'hrTa is no remedy Tor
the exis'in. evils bu. such institution. shall INST
offer amendment urti tn" S"h freazmry proposition
is :rfatd Then trust that shat! receive lie smpp"t
comes ncarc: their nwn /, takes away from the banks
TIE Of the public moneys ard, what may not be
without inlnrncc, il is tie second ivorc Z" the rrcs
d, nj think the friends Of U BanE are bUnnd IN
consistency 10 support i. Il the Sub Treasury Is the
dangerous neasrrr which they have Represented IT. Ihry
lrr honnd to adopt other. u ; Bank 1t Is am
possible 20 procure The only choice, then, IS bet Tern
the gene raj Gnd the special dsP0t:e system
What let me ask the o. l"cls 20 he !nnhT: IN III
Opposite measure; think o; none '':!:cr then-is
SAFETY of The mnnry I'd Facility % being Transferred
81 Choapurss 4th Reduction Of Gar"rnr!"ht P''r"n'
age In all hcse paFi'rHiirs the special GrP'e has nn
yari.y,s over -. Sub 1r asury i!"! The r'1aeY viii
be safer vi; deny. The whole stock Of ihe bank
Is p-Gstd a security. what in!iviius! can give srcu
Tity sufficient: Nio they lh'' generally wsh ana
receive the appointments Of cu:"ci"r"? &c Not your
Jnhn Jacob Astors nor men however h'n0'HO", i"r
whom such men "a As"r will g" s"cG'ily NJ" "r' hry
generally vim have pursued .t most unP'oit
able of all Payments, politics. "Ens" ca"S |" HE
ri:c" political SERVICES aad the c:'" sccnii'y tor
whose fidelity their personal nnor MN OF fortune
snd capital III no. Pr ih'se o:"es Take case:
There will no; un:r"q;rmly BE- surplus IN NV YORK
# three four mp"&: what collector can give s"curi.
~ 10 this anrrrf; lone But p0ce II IN different
banks, AID your security is complete. The common
Of all mankind in this " as gr"d rs The
5a@k" has grown into pruse'b W.st "d'"a"Ii' II
lie hal millions 10 opposite would hesitate 10 ri"ce
~ banks in preference 10 the ke ng o.! private !EdI'
vi!u,!s with all the risks ct pFcrrIipn, i:, robbery,
aGd The thousand dangers tn which IT "oa'i De an':-
SHALL do with ihe public money ih,t which no one
man ~ the United States wnn.tI d. with his 0~M
2 As Ia facility U! transfer, d. not !issl'a' 10 say
the, the public money in .'c ':Iry CARS, a.! such
vas, cS"ni; and where he p"a a! which 'Ir money ID
dshurs distant from r2e which II is cnrct
ed: cannot he discussed without the a!eTcy OF 10nhs
1t i; sad that IL wall hr dunr Is ts;'s oH iG" dHp2so.
rps II cannot be. iOu wish 20 pay oGg hundr"d I!I1u-
sand dIiias in the Interior Gi Missouri drait is sent
on New York. 1t cann,t be- cut up into quantities -
tu he Paymds'er must have tt casi!rd, and when hat
IS done by bank. hc cannot carry tie specie, nor "l
il hr dcsr, by the s,d.crs but he viii take JJrk mucs
How the cXprHsrs OF your Ch"rnErr army new
paJ: In gold and silver; No Sir Ia Treasury rors?
No. Sir. Their DENOMINATIONS are ~, s;mH!i enough
will tell you how they Igii and WI tell you
only what know. They paid 10 iI!f"r'na6Ic bank
no'es broker aGvRncrs m"ury 10 the G"Tc;nmrnt
officers, receives daft ,hr Government, iu5 which
h, receives Treasury NOUS which again he places ~
New York and draws on at aad 10 per premium,
making very often l. per profit IN n month. VIII"
pas it; Snnrbrdy mast pay II. Why, Sir, 1t is pad
ny the People; By this, very portion OF the people vino
Gclnd"d buH'hrggrd-ye*, Sir hunbuggsd Is the
word-in;o The belief that this system is !ur their sr".
c:1! benefit Every ,1n who knows any thing about II,
knows that IT lie bHnks pay specie, snch viii be The
c1sc; II thy d. nUl /! Is no. proposed 10 receive :!ir
aiiI..
/ met on MY way to ~ ,shinr,on distinguished and
csriuabp citizen Of South Carolina, practically
acquainted with banks. and nOw connected III u"r
IL told he IN "a o! ;lr Sub iiea.n'y ak
ed him if he in favor OF rejecting The notes Ui sfr
c, paving banks it replied. ;:lai il Ilic hamkS paid
their in sp,cir, their hs world IN effect. be
rrivcG, IN spite Of MI he laws that could be passed.
constrained 10 aiude To another fact. d. not know
Of my own knowledge but two gentlemen from South
Carolina have very lately said 10 III" that they had been
informed That hank notes habitGaily received IN
CharIrson for duties kros the Gn!Irctn! Of Charles
BE- OF ii" srrnsst integrity and the highest
honor all points ge;l!r'Ean II he has done go,
d. doubt tina, has been me what r regarded
just construction ~. his du"s under the law, and 1t
may h- that h. was right But. Sir. never Will vote
Tor which will give such latitude, such power
If layorsm To your thousand collectors, receivers &c
g That i; will b. cheaper all will atn.It. The banks
hive already FIRE proo buildings, vaults safes clerks,
and connections with other banks. which will enah!"
them keep and ranser the public moneys al hail thc
expense that individuals can
a. As 20 patronogr. This will be best illustrated by
an cxl,npg The banks surely perform thfse duties
far as small compensation NJ Individuals
Suppose that comPensarion he $4,000 per snnu;n. and
his salary the sole o. subsistence Of The receiver
and his family Presidential election is approaching,
upon the result Of which depends whether this receiver
is 10 be continued in Office not, lie has milan OF
the public money in his possession with small portion
nc which the election may be decided Is this collector
more art 10 use the money for sucha purpose than bank
to The Stockholders If which this job Of the Govern.
meni is not more than dollar cac' Can any thing
he more probable than that in he former he public
money will be THIS used or more supremacy ridiculous,
Than TO suppose that in tie latter il would be- Let
suppose The President and DIRECTORS Of the Bank Of
Charleslon with cap,sl Of FIVE millions. assembled in
solemn conclaye ;he IF election l. Prop"s.
I'd 10 launch on! fifty hundred I!onsand dollars 10
he used in the eecUn On bono? will BE- asked i"r
there is no body If apt TO ak the ent br"o.
than hank directory II vii! be repi'd, "lt we dpnot,
we shalt cer tie Government patronage. 1Ws Pnor.
nous sum Of three thousand dollars year 30 be divided
anang three thousand men
Bu, !, is said the ba:ks I'll violate their pledge notto
Use the money So may thu Sub rrPasnrsrs. and the
securi,; is much greater in The than in The
cher Twelve respectable me" (aTd such bank direct
ors generally a'") viii no" una BIZ $" NJ! to look each
na:e solemn pied .e, one man world, with The con.
fden belief tbs; hi. t;;snaor wo"u be known-
hro,tsr nnd VERY grea; benefit likely result, from th.
use of Banks will he, that, in making arrangements and
connexions gh zach orEr. f." lhr transfer cf tho pub.