Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-27

between us il s wide the views which take Of public
nalrs so opposite; our opinions, both o lhe cnu'.
pressn, evils, and their appropriate remed"S 30 na';J
unlike That one side The other must be unosr tue TN
huence of some strange deuson. Darkness lhcN a'N
ness hangs either the supporters OF inns measure
over it's opponents. Time and the public lu'S"',
trust, will LATER, dispense .hese mss an' 'e
and measures will be seen in their true chafac"t' J
Think indeed, that see oireaay soh'e hung w - ~
fog. v,.;d Tim,
we have now already existing, MODE OF conouc1'"s
the fiscal affairs Of The country substantially sucm Us
that will be- which this hill will establish we may
iute therefore he says of the future by The present.
Sub Treasury sysem in fact, he contends, ~ M" ~
operuon and he hopes the country St es 50 nucn g"u
in il, as 10 be willing 10 make II permanent ahd per-
pelual. -,
The present sys.enl he insists must at least be aom't'
ted no, To have uLstruced nI-ded the benehc"' ac
lion of the immense resources Of The country or, "S
seems 10 me most extraordinary declnraton ne oPe
rnlinn and energy of the nj the country 'o'
obsl. ucied? The business Of The community "o' '
peded: Why, Sir this only he true. upon ,he sup
nos,nn that present evils way attributable To Inc
pulley of government that they all spring from eA"ue
ous and indie pendent 1t lhe h"n"lau'e hehntF
a, The disasters which have fallen upon us arise
from causes which Government cannot control" such as
over trading. specu!aion and that Government - "
swerabe for nothing can understand hiu though Do
no, a, all concur with him. But that The resources u
the country are not now stale ct great depression
and sagnation, is what had supposed none ""u'o as
sprt Sir what the of The country: Inc
first of ALL doubtless is anr Does this meet no 1Pe'
dmrn, Dues lator fnd itself r"wardrd as heretofore
by high prices, paid in good money? The whole mass
Of Industry employed in commerce and manufactures
dues with obstruction. or E'ndrance' or os
nuragempn,: md commerce end manufactures 10 'he
aggregate embracing capital IN wei as auor are
tou in high of succrss Is nothing OF i>pe'i'
n.nl or obstruction found connected with te present
conditions,
Agnin Sir, among our American resources, from lie
very first origin Of ss Government, credit AUD c"hI-
dencr have held high and foremost rank We owe more
to credit aud commercial Confidence than sny nat"n
which ever exsed; and times more than any nann
except Engand Gre dill and confidence have ppen tle
life OF system. mud powerful productive causes III all
our prosperity. They are essential parts OF system,
which has covered the with our commerce, repe.
nsed the Treasury paid off the national debit excited
and stimulated The manufacturing industry, encouraged
labor put firth The whe strength Of It's sinews leled
the forests and multiplied our numbers, aud augmented
our national "rullh so lar brvnnd all example, ns to
leave phenomenon for older nations To look at with
wonder Aud This credit and this CONFIDENCE, arr they
way INSTRUCTED, imprded' Are they now
acting with their usual efficiency, and their usual sue
cess. The cnncPrns II" s"cieiv:
The Hon member refers tn The Exchanges No doubt,
Sir the rate n nreign Exchange has nothing in II alarm
ing Nor has it had, if our domestic concerns had been
in proper condition. But that the internal exchanges
in heaslhlu condition. m the Hon. nerher alleges
is what can by means admit. | look upon The de-
anqe. Of the internal exchanges The precise form,
in which existing evils most manrs'ly EXHIBIT hem
selves Why, Sir look al the rates, between large cIles,
in the neghb"rhood Of each other EAchange between
Boston and New York and ais" between Phladelp hIn
and New York is l-2 = per This could never
happen but from derangrd currency and eau this be
cal ed hralth!ul siate OF domestic exchange:
| understand that the c"tun crop has done much to.
WARDS euuazirg exchange between New Orleans and
New York; aud vet have seen, mt many days since,
that in OTHER places OF the Suuh, believe hlnbIe,
exchange on New York was Mt premium OF five to ten
per cent.
The manufacturers o. the North can say how they
ha We found and how they find, the facilities Of
change do not mean exclusively, principally, the
large manufacturers of cotton and woorn 'nhrcs but
the smaller manufacturers. men who. while they employ
many others. sill hesluw their own labor on their own
capital the sop manufacturers, such manufacturers as
atound in New jersey C"nueciicut and uthrr parts OF
the North. would ask The gentlemen from these States
how these nrighburs OF theirs find exchanges and the
means of remittance, betwreG them and lrlr CORES
ppuden!s and purchasers in the South. The carriage
mixers the furniture makers the hallers tir dealers III
leather in all its branches, The denlcs in domestic hard
ware should like to hear the results OF The experience
uf all these PERSONS, the state Of The internal cx
changes as well the general quetnn, whether the
industry of IN" country has encountered any ooslacie
in the present state OF The currency.
Ms President, the honorable member from n. York
stated correctly, that the Bill has tw" leading objects
The first is, seps.ali"E OF the revenue, and the
funds OF Government. from all connection with the CON
Germs of individuals and of curporu,nns; and especially
separation Of those funds from all connection with any
banks
The second is gradual change in system Of cur.
renew To he carried ill accomplish the object
Of an exclusive specie metallic circulation, al rns in
al payments 10 Government and all disbursements ny
Government.
Now, Sir, AM against both these propositions ends
4 well as mrens
Gle, as Unnatural selfish and abandonment OF The
most important political duties.
am for aving hut currency, and that good one
both for the people ard lhe Government
am opprsed TO The doctrines OF The Message ct Sep
,embrr and to every thing which grows out oil Those dor
trines feel ms if | other sphere, as if
were no, at home. if this could not be America wher
schemes "f public policy proposed, having tor the
,hsc the convenience Of Government only snd leaving
the ppupr 10 shift for Themselves, in matter winch ma
,nralIy belongs and in every other country Is Admitted
10 brnng the snlrmn obligations and the undunhet
pnwcr q! government tsit America where The Severn
,ent and in the Government. arr |" br better at
pn The people: lsit Amercn where Government Is t.
chm, IL, eyes and its ears 10 puc complaint and To lak
err. uny of ilself' Is il Amrrca Mr. fresdent, you
country nnd nv country in which. at Time VI grrn
public Distress when all eyes are urnrd 10 Congress nnt
when most feel that substantial ard PRACTICAL re-
can come only from Congress that Congress, neVerhe
less has nothing earrl 10 propose but bolts and ha!s
safes ard vaus cells and hiding places, for the hpl,s
secn,itv "f the public and nothing on rarih no
hen.Ecen law, moi even kind word, FOR The P'op'
themselves. Is IL hn[ III "hiCH lHAei'st "
Government has reached such ascrndency The
interests Of the prnpe, in The estimate OF The RrPre
sen,a,vrs of thu people, las this. Sir, 10 he tn:
.,ar n thugs hp old thirteen with the ,hrtrpI
added 10 th.n Ear one confess, know not WIN
is American. in policy, III public interest orSn public
feeling if those inrusures hr Germ-d American.
The frs, general aspect feature of the bl the cha
rncrr written broadly s front, is Ibis nhand"nmen
cf all for the general currency Of the country
This is ennngh for II secures my opposition 10 h
,t>,. I,,lI |,oYa had
amh'e. It ought to have been introduced by recital
getting forth that whereas the currency of The country
has becons totally drrnnged and whereas il has hereto
fore been thought The bnunden duty Of this Government
to lake proper of That great branch Of the nati"na
interest, and whereas that opinion is erroneous. obsolete
and herpca and whereas according to The true reading
of the Constitution the great duty of this Government
and its exclusive duty far the is