Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-13
TsichHn0nd, Tuesday, MARCH E3.
MR. CALHOUN'S PROJECTS.

We nre in arrears to the Washington Chronicle for
sundrv acts of courtesy which we have lately received
nj its hands If cannot now repay them IN iu' it's
becnnse our columns too much crowded. and we
cav devoted 10 much worther purpose We must
therefore, content ourselves with noticing me very cou
ICONS article which the Editor has addressed to US lis
paper Of Thursday laste rs PeaseS Go pa'Gc Us m
disclaim all such feelings towards him. We have diE
fered with Mr. Calhoun; and we have not played The part
Of toadea,er towards HIM we nave cone roll Jusucelo
bis neDius but few are so eccentric ann none iore
,mS;,;op, No man in this country has been more dis
nouished by the variety OF his opinions ana inc bold
his policy The strength OF his characters such
that he has contrired to stamp his name upon every
Administration, and almost upon every system oil mea.
sures A few days ago. he wrote to the Editor OF the
Aupusu Peoples Press that he belongs only TO one par
tv and never desired 10 belong 10 any olhcr-'ne old
States Right party Of W But as soun nl, EdoF
alteration from State Rights principles end his Jealous
advocacy of splendid and potent National Government,
with bank, high tariff and mammoth scheme o, IN
,ernal improvements for its adJuncts until win suoden
recoi he swung clear the ancient landmarks OF his
original party into The saicdulexreme OF HuIhcation
is it wonderful that man. so unique AND aole so OH
oinal ond SO copcious should attract go much OF Inc
public distinction? Because we have tracked his orI
ant Inn, course; and because we have protested
r,nrt the errors Of such mind 10 be charged
With mairny and hate We do not see either the logic
or The Justice Of such 4 conclusion.
Il is surely no wonder, that we. like so many Others
have been drawn 10 notice his recent cosrse-lt
only that his political position ls unique and remark
able but he has been exercising his PeGn'ar talent
of starting brilliant porndo1es TOR the PupIe horm
ton Al the late session, he throws out the lcea
or n stable inconvertib!e Government paper money,
as the best currency for country! ~ me present
session he Processes make acs dIssoref'cSl IN the Con-
suton and sports The problem, tAal mere IS no Con-
stuonal authority receive Bank notes ior the public
dues or employ The Sale Banks as The public deposio.
ries Who could help being struck with this e1aordl.
nary discovery 1t had escaped so many other great
men, and even MIR. Calhoun hl'aseit' ont "i'nh lew
months past. II the more remarkable us the ptac
tce of the Government, for more than 81 years. mao
been the other way We thought i, our duty to express
our establishment Of these paradoxes-and Inc W.
Chronicle as IN duty bound, we suppose-oeing Inc Pc
culiar guardian of Mr. Calhoun reps'aon- has round
" taken US 10 task for audacty in protesting against
such opinions. We have been charged with hale, 'he
biiteres "maligny, and we kno" not what other pas
sioDs We have been charged too, with nIsrepesen.
ta,ion Of the fus9 and Intentional violation oil The
truth All this may be ve.y coeT,eous, IN The school oil
the w Ch,onicr do not choose TO rellerale The
epithels which he has thrown upon us-A ie" words
onIy as the gcts themselves and The doctrine OF the
Senator from S. Carolina K What says the ChEonce
CAT the extra session. NJ Calhoun suggested as temporary e1
paper the quilts dues lie threw os, the
deu Incidentally Iot considerations and expressly tecaed 10 I'D
"Arain says the Chronicle took the ground that dur
he process OF rrts TO The constitutional currency this reearGh
papr would pressure diminishing the demand or the
precious Metals while, at the t'c you'll afford een'e.
Of rresen relief A uo National orators declared The GOrer"
hddh edrtcSsy abaHG0Rtd."
It was not proposed says the Chronicle, it was only
yuygested-aye seriously suggested because 1t was Sin
tended Of 7sit, to 'lessen The pressure
upon the country. But mark the distinction which the
Chronicle takes! 1t suggested only as temporary
ezpedient"-"as measure OF prcssA relief. But was
it SO: Aye, there's the rub. Let Mr. Calhoun speak for
himself:
world paper currencr, form, r!no
indispensable financial and commercial operations OF civilized
In IL has vast sure
roy metallic especially IL Sreri end ecEde
by cf
best reflection the subject that 60 eo"r0t pIpef that
Gu re syrs' ""''' 'S''' 'S'
What, them ought paper enrrtrey,o rest, wOud'ny,
on supply simply; which regulates the value Of
thing cse-he which the Government, he
demand which simply ol:aes Governmcn in MI
it, dues to : S f,s os eSee so" o
receive would seems TO me- be as Sa'
its uauc themselves, end be Us little liable to abuse
power coming 1t would con,ain within ITSELF scesu-
Nothing but experience md of w,
might be safely saed but my be sale assumed,
country would absorb greatly exceeding its an
ns well as its banking business would about
millions would thus keep. circulation beyond the demands
But whatever may hn, be circulated hold
clear hut to thu amoun would stable in value gold
and silver itself provided the
e.vy those metals all its Dues and that il be lett PET
fec,y optional with those who huve claims on the Government
1t will also he necessary condition that Of
denomination should issued, that The Treasury
shall have ample all either gold silver,
the bls Of The GSvernm0nt Mt the option Of those VINO a
claims With these conditions Farther variation could s
place between and gold and silver haa that which would 10
caused By the action Of commerce."
Is this paper currency Of Mr. G. then tsmporaryt1
pcdtn; or, stable permanent system? His speech
clearly indicates the last. Who then lsslates the facs
But the Chronicle denies, that IL is to be Treasury notes
A rose by any other would smell as sweet-iet
Mr. c. calls them "noes, and they 10 be issued by
the Treasury.
We contend, tho, TO issue such permanent paper cur
rency would be contrary to the sonndest maxims OF To-
itical Economy; appears fiom the Reports Of hless
S. Smith and McDuthe. We contend, moreover, Ihalt
would not only be Tremendous power in the Federal
Government, but would he unconstitutional. The
Chronicle denies t-and says with 1ippancy than
discretion; Then it is unconstitutional for il To issue
any paper currency at all-and the question ia ended
Not so-lhe w. S. have right "io Gorr0c money on the
credit Of The u States II they choose 10 borrow mo-
ney, by issuing Treasury notes. they may clearly do 50,
then under the Constitulion;bu this very different
power from supplying stable paper currency 10 the
country Nor can it under the power ITO coin me-
ucy'-Under what clause then, can it come? Certainly
none that lay fingers il is indeed almost
as new discovery, as the he has lately made, VIZ
that it is against the spirit Of the Constitution 10 take
notes Of the State Banks for the public Dues although
the U. s. have been accustomed to do for than
30 years; and even Mr.. e.. himself has introduced
clause into the ubTreasury BILL receive Bank notes
for six years to comc-But leave the field 10 The
Editor of the Chronicle; and shall cope with him
longer upon this subject.
To the Republicans of Virginia
FELLOW. C1IZEYs.-lt is time 10 address you on the
Spring Elections. Whilst Of you are folding
others are wrangng about the Finances, and dvidiy
their columns the Who's in the feld-neyer mote