Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-24

from the evils 10 which has been subjected, ny hc os
ordered state Of the circulating medium. II is conn,
DENLY e,ved that the interests of the banks and OF
the community not in opposition to euch o'er' nu
that any sacrifice which the effort may cost MEM WI.
compensated By the Advantages and tae"eS ''neN @
in the poreer Of The Treasury to .Jtd than
"1he deep interest ,raich tho Treasury hHs IN ihe sup
port of bank CREDIT and the connection Il mas WIN e
Bank Of the U. s., would, independent "l o,e nv C
sposilion Of tina, institution 10 conci'a.e "'e
Banks, be sufficient 10 protect them against Ill
policy its part 49, A.
In This communication it will be perceived, that MI
Crawford felt and ayowed that The means OF lie ifeasu
ry 10 all in The rest"ulinn OF specie payments VERY
anapie lie freely propfed that aid to the Stale BANKS
he not only made them the most liberal propositions
far their own advantage but he gave them sprc'hc
pere of proteclinu and support against any s'oefa'
icv on the part Of the Bank of the Unite STATES an
appeal thus urged both the interests and patriotism ~
he State Banks could mot fail 10 be eff clua IL ac
comrlisLed its nbipct The banks changed their orgi
mi determinations and did resume specie payments on
the Goth OF Feb lSif 80,
NV Sir can anv one doubt that il the same spiiit
Ind nc,ualrd the Treasury Department IN It's reiaos
with the hanks recently If, especially when inaj"r'y
of the banks represented in the Bank Conventions usSe
bed in y York, in November last, manifested S"'':s
desire To fix early day for the resumption o. TeI
PAYMENTS aud were prevented from doing SO ony Wy VIC
influence of powerful and oyershadowng institution
A. say Sir the Treasury Department hau SHOWN, on
TINT occasion the dispositions whch animated Hr'
Crawford in 1916, and had come Urwoo ana gwen u.s.
sr- an y;ous To return specie pnymente against lie
iberal pulicy Of the Bank of the United States, can
there he doubt that at this Moment we should be III
sah, of fixed period fur the termination OF The present
caamtous and dlsOrdered state OF the currency bht,
unfortunately the poiicy has been TO stand entirely
alonf from the banks alter having Contributed II IS 40
mited all hands Ivy the measures OF thu government
in some one Other of It's branches 10 the enbarrass
ments by which they were overihrown NO ana no en-
enlargement has been sivrn-no' even voice VI ce'
Al .
contrary odun and pre- udce have been extensively IN
voked through The press, at least I" render more cor"
p.ee That want of cundencr which Is The sole obstacle
To- the re- establishment of both the credit and nhy OF
the banks And in the sequel, comes inns la'a
Sub Treasury bill 10 deal them the last how III tneir
prslraip condition The grca, interests ni e country
with the restoration q" the credit OF Inc hanks
ard nr the currency which they supply, nave oeth
overlooked or unaprrecialed; and the whole olyect
seems have been 10 devise so'e plan ny "hich the
Government could in future. get along IN The SmonhrSt
way-hy which it could he relieved tom those resp"n
sihilies and protected from that Sh0acer q imPutdi'ons
in the discharge "f its duties which the honorable Sc
natrr from New York, (Mr. Wrght) so Pathetcaly de-
precat's
hat, then, | would ask. Governments instituted
for if il is not Ia meet difficulties in the public cause
to and overcome ihen-," encounter resr"ns'o'
h,ies-,n endure skorer Of impHtaons, yea "lhe pel.
ing of the pi,iless Storm if duty TO The country de.
mand. And able man and patriot need not re-.
pine these trials OF his virtue and talents The uliI-
male gratitude OF his country will ever he IN proportion
To the Temporary in Justice hi may sustain 10y the bi'er
ness uf rnrrues or the prosecutions OF faction. flow
enviahlp. This moment, The fame ct Mr. Crawford,
than whom mnn. in his days, encountered more res
possibilities by The bold and fearless manner In which
he met tie duties of his station. or sustained more
unfnundad impu,atinnS But ,ruih has trIumprd over
prejudice AMI ,frrr aud h. lives and vii! for
rver live in ths grateful memory "I his cnuntry -
Til. drsirr to avid difficulties and their attendant
responsibilities. funded think have shown it 10
be- in mistake ~ 10 the true Interests oi public men, is
The sou ce of still greater caamilies 10 the country
il The natural parent strange it al first sight
Of all SCHEMES Of strong g0rrnmrnt aud is not unsmit-
ably avowsd by the honnrahe Senator from New York,
as consideration in favor al inrasurc, the eiIrct o'
which in my humble Judgment, would b. Ia render THIS
RrnubIicnu Government nf nus of the StrongrSi
,h. face of the earth On this nt'ct Sir. heg leave
To read the Senate the rearks q" tue Prn'uhdrst Oh.
server perhaps of human affairs that ever lived They
are full Of instruction. and cannot b. ion well weighed
b. public In sparkling "f the National Assembly
oil France, Burke mnkrs use of these words:
slheIr purpose every where seems 10 have been 10
evade and slip aside from difficulty This ii has been the
glory of The great masters all The aris to confront and
oy-rcurp and when they had overcome tic first difficulty
to turn i, into instrument for new conquess over NJ W
d,tlicu'lirs' This despicube conflict with difficulty
o5ges ntnrre acquaintance with our ohIsct anG
cDpts consider all It's relations IL VIII not Srfrf
MS to h. superficial 1t il the want at nerves Tor such
ask it is the tnnGncss OF short cuts and tIac"ns ac
ties TINT has. in many paris "i the world. crea''d 20
rernrruts ch many arbitrary ponc1s "lt tins IN
willingness wres,ic with difficulty %hich has obliged
the National Assembly of France TO commence then
schemes of reform ,cih 0b0ii.0n and it Destruction
The disposition 10 roade difficulty the policy Of SKIRT
cats we IRE told by this great master ot polite Wisdom
has in every part Of the world, 'cre"cd g0rcrnmeats
,yi arkirary p0ccrs and was what IN France i' Ire
National Assembly ITO commence their Schtm'S q re
farm ,rHh Ambition and t0tal dcStrHct0n Now, Sir II
this had been specially written for cur warning. aud with
express reference to line question before us, il could moi
have hrcn opposite or more instructive. Every
SUMMARY invention, in Tree country snEgfSca ny l'e
care of G0rfrnmcn however intended: VIII be i"GHd al
as, tn carry with The deepest dangers to The liberties
and bappness of the people. The Honorable Senator
from New York, too, should remember lhat IL was tf
him u In should unite. and not 10 him who should Gu
the Gndan knot that the ancient oracle promised the
rnries Of empire The first is the achievement ot skill
and industry and It's fruits peace, liberty and hap
puess Tie .cnnd is the achel emeDt Of power aud lie
result is the establishment of puwer Let The Hnnnra
bic Senator from New York mite the knot. By leading
The bnks tn resumption Of specie payments, las, am
sue hy proper means he could easily d") aud not ru
it by The Sb Treasury scheme, nod wi! r annns the
first To ward him The civic wreath With Mi J"tlrrs"n
in his memorable letter I" Mr.. MadIs"n, while the FrGe
raj Constitution was under cnnsiGeraiI"n say 81 an
nm friend to strong Government. II is always opprs
siv- puts the Gorsrn0rs at their case. Int at the cz
peose nf lht ucnye" Here s the fatal "hj"ctiun to the
Sub Treasury scheme II puts The .Govrrngrs al then
ease hrt is dangerous and Oppressive, to the people
VIVA, system of policy, then j, will be asked would
pur.: The great authority, whose words have
already quoted says good patriot and true politician
will always consider how To make Tie most of The exist
ing materials al his country" This is The foundation
principle on which | would build. Experience has
shown in the langunge usrd Try Ihe present Srcrria
of thu Treasury in 1884 that banks ie mns "respnn.
sibir safe convenient and economical" fiscal agents for
the government The State Banks are institutions now
cJisi,au | would "mahe tie moa' Of them o9 the
public service There is no national banking insl