Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-24


themselves TO their adversares at this important crisis,
we may bid long adieu 10 any opportunity which may
arise for dssoving union between the Banking Arts.
ocracy and the Executive-an union, which must ulti
mately end in the subYerson Of the liberties Of the
People. ROANE.
March 18th, 1888.
BANK OF TIE II UNiTED STATES.
Although feel that am not authorized 10 occupy
any space in your columns TO the exclusion of so much
more valuable matter from other sources, than can al
ford; yet hope may be pardoned for expressing my
SURPRISE that little notice has been taken in the Puoc
prints, ofthe Report Of the "Commee the judiciary,
to whom was referred that part of the Presidents Mes
snge which relates to the issuing and Tessulng OF e
notes of the late Bank OF the u States, published IN
the Enquirer of The 18th February.
We must all know, that the political dissensions be,
tween the Republican and the Wing party gro" OUT Oh
the question, whether the circulating meoium Oh our
country shalt be regulated by chartered company OF
by the Government In other words whether we snail
charter another Bank Of the u s., with capitai sum
Gent to control the State banks in their issues ana WIN
the privilege of keeping and trading upon he money Oh
the people. presume, that the Wing members OF our
Legislature, generally supportedby those VINO are 40
voca,es of this any rate this has been the
in the county live in That great statesman Jas
Madison, in the Virginia Convention, SAID money is
the life and soul of Government" Patrick Henry, in
reply, said sthe gentleman has told thu, money is the
life and soul of Government, and does he think
would willing part with my soul Let II be here re.
Marked that MIR Henry was SO jealous OF the power Of
money that he unwilling TO part with the money OF
the people even the Government ITSELF but wished it
To remain in The hands Of the States and drawn as it
should be wanting, by requisition While we draw a
veil over this of that immortal patriot and states.
man. which he afterwards in effect acknowledged to be
an error, let US not lose sight of the opinion Of these
great that the money of the people, raised for the
support Of their Government, must never be committed
to any but their own agents We ought humbly CON-
ceve to pause long, very long, before we abandon any
Of the cardinal principles of the great and good patriots
Of that day In those days, the road 10 fame was the
public good. Not SO, The road 10 fame in these
degenerate days. that which leads power matter
how it is Obtained While the servants of the people,
who are faithful to the trust arduousy engaged in
an effort to restore and regulate the legal currency Of
the country every obstacle is thrown in their way by
party which is seeking 10 yield up he life and soul OF
our Government, to corporate body incapable of con.
tanning soul, which the people can have no con-
troll whatsoever
The employment of the notes of the old United States
Bank for the use of the Bank Of Pennsyl vana, gives
the latter ON influence over the monetary oil
the country, which is tremendous. 1t has in its posses
sion twenty. millions Of these old notes. How many
are in circulation, cannot know; perhaps nearly halt
while it has issued moi much more than halt million
Of its notes Consequently, in the event OF re
turn to specie payments, this half million comprises all
that it is bound to take up when presented
while all the other banks in the Union, having no such
advantage will be bound to redeem every note they have
out when presented in SPECIE or stop 1t is not denied
that the Bank Of Pennsylvania is bound under trus!
of its creation to wind up the concerns of The old
Bank of the United States But when this will be done
it is difficult 10 say. The twenty years term Of the
charter has expired The two years allowed for selling
its property and winding its concerns, have also
pred and it is winding up as far as we know
than it at its expiration 1t is arbitrarily using It's
banking privileges, without the responsibility which
other banks ected TO. 1t is said to have the con-
troll Of hundred and fifty millions Of dollars; 10 have
bought out Bank in New Orleana, and sent thther
large amount of old u S. notes, which exchanged
for the notes Of the other Banks in New Orleans 1t is
further said, that it has bought out Bank in Ohio
From all these circumstances it is manifest that the
other Banks in the Union cannot pay specie, till they
have reduced their business very low indeed. Other
WISE it will be in the power of The Bank of Pennsylya-
MIA (Which has the of twentysix millions of notes
which it is not bound TO redeem presentaon break
them 1t will be for the people to say whether they
will turn with oahsome disgust from the very of
Bank of the United States, or whether they will be
found by such MEANS to grant another charter of ncor
pora,ion, which cannot be bound by human divine
law, or by moral or political principle.
In conclusion, Mr.. Editor, propose that you will be
so good as to employ MIR. Shepherd 10 print in hand
bills appended this heading, which shews the object
the expense and trouble of circulating them among the
people am much mistaken if they will not be brought
10 the conclusion that such an Institution will be an
unsafe depository Of the power and money which is
sought 10 be conferred upon it. is known that many
Of the laboring in the community, do not take the
papers, and vet will take time 10 read such thing
hand BILL which, in my humble opinion, is among the
most important documents that have been seen for many
years 1t is collection Of facts compiled by most
spectacle Committee of their own representatives.
TILLEK OF THE EARTH.