Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-08-31

raIion and spe no good reason to change it, although
not pernaclous and for the sake OF harmony VIII
yield il. .a
unfoundcd in fact curge the banks with e P,eseh'
embarrassed condition Of The Treasury, yet Is que 10
truth 10 state that the Administration Is not resPosp
for it, To Congress and the revuision IN trace IS " n
traced the true BY the act OF June 23d l"'o,
Congress took from the Government S2o O0O CVo ana
gave the States for have but little hope I" h' IT,
payment Congress made the heavy appropriations "'-
der which the Treasury oppressed, and no parry! 10
party, this House excuse Ssi, Tor all nave ose'
gully and The Executive Congress could not prevent
that revulsiun in commerce which has go sady ann
nished the of the country. rHnitr ana re-
grel That am compelled TO do IT, that there has oerh
much useless and cxravngan expenditure OF the PnC"c
money; hut the responsibility ia not upon the Executive
alone Congress lake aud bear The main re'ponsI'
b!ity.
ha We been much surprised Of late well IA amused
TO hear our Stale bank system dennuncrd as corrupt
dangerous Federal and Anti Rrpubiican-lhat system
which, in 1884, pronounced sole, an" en'''e'y ~
publican by the same men Sir, have ai'taCF te't'eu
10 the opinions Of the late Administrator ana lts 'ead
ing friends in which they all urged the InoensIrc Poii
teal character of these institutions their security ana
the great necessity Of employing Them, as barrier 10
The encroachmrns Of the mighty ''monster upon The
rights of the States and the rights and liberties OF ths
people. | will content myself by referring TO var
gua opinions upon this subj ecL--the opinions OF the
lenders Of Democracy in that good old hepuoHcah
State, remarkable for lis watciu JEALOUSY Of EfcnIrG
polccr. The first quolaon which make Is from let
Ter nr the present Speaker Of he Senate Of Virginia.
Stafford H. Parker, Esq, in answer to some lnerfoga'
tories rropnunded 10 hun. by some OF his constituents
through Ihe "R,chmond Enquirer. lie says:
"a Citizen asks, what Inv opinions, relative TO
the league of State Banks the Treasury, lis consu
tionay and expcdency, and requests that we should
have 4 complete talk this inquiry. hope he viii
dispense with "a complete talk on this subject, as 1t
would lie attended with amusement tn himself or en-
letainnent TO the public When This question was first
agilatrd. entertained doubts to the rxpcdency and
,p,tii voF mi
Rbrueiy examined and reviewed the political history 9"
country, my doubts have been emiTsiH rsmortd
hive hesitation in saying that under ludicous legis
lave ennctmenls, the public may be safely de-
posted in the State banks. These institutions were Sc
ected places Of Gcposlte at nio repubitG and con-
nued to be Tie Treasury until The creation OF Inc pre-
sent Bank Of the u 5. believe That the public funds
aud the public liberty may be safely guarded by the
lection Of The State hanks All experience proves that
it is easier to corrupt tine t,r than the many The State
Legislatures. having supervisory control over their Sc
vera moneyrd institutions. al all times connieact
the unlawful designs of the enlssaries Of an ambitious
! Chief hagisIralc.
The mex, reference which make is to The opinions Of
tic Democratic members oil the "g.atuIe OF Virginia as
contained III address, Published TO the people OF Viz
gina on the 97lh dav of February I-:5 adopted
public mrrl:ng in which there is unqualified nppro
baton Of the Of the Administration in the remo-
val or the Gep",ies from the Bank of the u S and the
employment; OF the State banks read from that address
! the following paragraph
'If these Gentlemen are Republican, as they profess,
if they wish the Government conducted plain and
simple priGcr,cs why they so hostile al this time TO
: the present administration: Read The last Message of
tic President Did Jefferson Madison send forth
public document more sound in principle, more per.
fsciv consistent with the strict and r!gd doctrines OF
Republican Democracy; Read the rcpnrt OF the Sccrr
taY of the reasury-v0u lind that the Executive esl
maies and expenditures have alahys been much less
! than the appropriations mnd. by Congress Read the
supplemental report, you find that t!e fiscal operations
. Of the Government carried promptly and as
! Bcni
! Hank. Examine into The Post Ohicc Department, You
/ find that the whole system which had been thrown into
disorder rather bv the brrtensone increase by Congress
o the transportation ni ihc mall and tn" inherent auS
OF lis organization, made the pnlpahe by the grow
ing completely Of It's business relations, than by the err
of lis administration, egregous Gs they may have
been, is actually undergoing reformation and re or
genzaon, IN which our ire dS are CO operating With
ready zeal Every thing indicates speedy restoration
Of 'ha Government 10 It's ancient simplicity.
The committee who reported that address are John
! T.. Anderson. Joseph Watkins. Geo c. Drnmgooe,
| Hugh 4. Garland. and Thomas Randolph. Now, SIR,
that very message than which, }. erson or Madison
! sent forth public document .orSD in rEIS
cPLr, perfectly consistent with the STRICT and
RIGID doctrines Of REPUBLICaS Observation-Disclosures 4
decided and nnequivoca appreciation of this very,
abused and denounced State Bank system and the
urgent ndali0n Of its adoption The permanent
policy OF the Government. does lha. very supple
! mental report Of I-34. Now, Sir this very system
within three short asCcrsincd To he Corrupt te
dera, dangerous and the very best road TO National
Bank, and those Of us ho think now we did then
sgna:ized NJ fedsraliss bank arisocrais, Rag Ra
r0ns. and National Bark The system is taunt
! inov called half way house, filed with ghos,s. hob
! COLLINS aud chmaras dire. 1t is most wonderful that
gentlemen should be s0much frightened al house which
they themselves have built, and which they occupied
for time in great and comfort, because other
| gentlemen who occupied il think it is
vcnient and more comfortable than the house pro-
pNsed. Mr.. Chairman cannot admit that Democ ratio
! Republican principles frustrating and So unsteady
all this. DO not think Republics" principles
J thing 10 day. and lis very opposite 10 moron
We hive been told much. Sir. of an Independent Trca
sury: do not it in offensive sense when say
il is eatch.word The full meaning Of indc
pendent Treasury it, that it should BIZ dependent for
lis resources, its custody and disburssment Now
Sir the beauty and safety Of system is that the Go
should he dependent the people for s sup
plies; that should be dependent Congress for autho
rly appropriate it: and that Congress should provide
for s safety Now, Sir, is not the Treasury most indie
pendent when the public money is in the keeping Of the
saes and most pnncual sgent; and If banks safer
| mud more punciua than individual agents. Is have
proved they how is that The employment Of ind
v!nsl agents makes The Treasury independent than
banks Sir, the amount Of the whole argument 49, that
the public money he placed in the uncontrolled and
exclusive custody OF the Executive, and that is the
and substance Of this catch term fndprndsm Treasury
Russia Turkey and all The other de.potsms Of tho world
have these independent Tensurles and arc truly indie
pendent Of all Legislative or popular control am not
disposed 10 initiate these high examples Of pendent
| Irc0suri'S, fiom such despoc authorities.
1t Is SAID, Mr.. Chairman, that there is no alternative
between this schrme and Aati0Rai Bank, ard that this
is the and only issue. Sir derry tina. this is tie
true issue. however much the friends Of this scheme
and Of National Bank may desire 10 make it So Ills
in vain TO tell me that whch the whole field OF egIsla
ton is open, we confined to two points. Sir, gen
tlfnrn cannot cylngush Tie State institutions, and
they will find tha, the people will ultimately rally upon
them. This is ingenious device TO concentrate pub
lie opinion upon single issue. but il is deceptive and
delusivc. For, Sir the States have, and will continue
TO have safe and sound nsuIions and long this
is the there is point TO stand upon from which we
can and will successfully resist either the Sub Treasury
or National Bank schemes. If | compelled TO
choose between simple Sub Treasury scheme. and
National Bank. there being constitutional ohisclion,