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

Pes But that The banks, generally, deserved 1h'' "
restrained warfare upon them, nj the hands OF Govern
men; cannot believe. ltappears 10 me 10 De DOM u"'
grateful and unj ust
hone may be successful specie payments Inc
process OF resumption works, and must WORK. WIN Sc
verify upon the country Yet most earnestly nope me
banks may be able TO accomplish the obec But IN al
this effort they get no aid from Government, no sncc"s
from Government not even kind word from Govern
mcn: They get nothing but Remuneration aud abuse:
They wnrk alone and therefore the attainment Of the emu
difficult They hope to reach that end, only,
or mainly, by reduction and curtaiIment ii, by these
MEANS pa yment specie be resumed and maintained,
the result will prove the existence OF great soldy bo'
OF the Banks and of the mercantile classes. The Bank
Of ENGLAND did not accomplish resumption by curall.
mcnt alone. She had the direct MD Of Government.
And The Banks Of the United States, in 1916 did not
rely on curailment alone. They had The aid OF the then
new created Bank of the o. States, and all the counte'
nance, assistance and friendly support, which the 10
ycrnmlent could give them Still could not discourage
The eo,ts Of the Banks tiust they will succeed, and
that they will the earliest practicable moment; but 1t
is the time my full conviction, that by anolber
and better of public p"iIcy the Government
might most materially assist The banks to bring about
RESUMPTION; and that by Government aid, it might be
brought about with infinitely less Of public lnconven
ence and individual Distress
For an easy resumption of specie payments, there is
mainly wanted revival vi trust, The restoration "' con-
fdencr aud harmonious action, between tie Govern
uent and the muned institutions OF the country. But
instead Of eurts 10 inspire trust and create confidence
we see and hear nothing but denuncatlon; instead OF
harmonious action, find nothing but unreentng nos
tIliiy. ,
Mr. President, you and were in Congress in 1916,
during tie lime Of the suspension OF specie payments by
the Banks What the spirit OF the Government nj
that lime, Slr:Was it hostile, acrimonious belgeren
towards the Stale Institutions? Did look on them only
to frown, Did it touch them only TO distress: DID II
put them all under the scourge' You know, Sir was
far otherwise You know that the Secretary OF that day
entered into friendly correspondence WIN then aho as
sued them that he would second their efforts for resup-
ton by all the means in his power. You know, Slr,
that in fact he did render much essential aid. AND 10
YOU see Sir any similar effort now? Do you behold, IN
The bill before U.S. any thing of The spirit the policy OF
Mr. MADISON occusnn very like the present! Mr.
Madison was Of such subdued serrspeci, mat
he willing TO yield to experience and 10 The opinion
of this county; man. loo OF so much wisdom ana True
patriotism, that nothing was allowed to Stand between
him and his clear ptnn OF the public good Do you
see Sir any thing Of this spr-ot the wisdom, OF The
mild and healing, and restoring policy OF MI hlaui'
son, in this measure? Another usrous man, now
numbered with the dead then with u.s. and was act
ing important part in The councils OF the county
mean Mr. Lowndrs; deficient in force and sc.
MUS bat still distinguished for that large and COM
preensive view Of things, which is more necessary 10
make great men, and Is also much rarrr than mere po-
stve luent-and for impartial well-balanced Jndg-
ment which kept him from pre- judlce and error, and
which gave great and just influence to al! his opinions
Do yo see Sir any thing ot the spirit the temper The
cool Judgment the long sighted pulley OF Mr. Lowndes
in ali that is now before US Aud Mr. Crawford, then
al the head of the Treasury arduous striving to restore
the finances 10 re establish boil! public and private Gre
dit and place the currency once more upon lis sale
and proper foundation; do you Sir the marks OF Mr.
Crawford hands III The measure no" presented LOT OUT
appreciation
Mr. President. have little 10 say of The subordinate
provisions of this bill Of the Receivers general or of
The dangerous power given 10 the Secretary, Of invest
nr the public money in State stocks OF his own selcc.
tvn Nv opposition 10 the bill is the whole Of it II
is general, uncompromsing, and decided oppose all
it's ends objects and purposes oppose all It's means,
its inventions, and its contrTances. em opposed 10
the separation of Government and The people; am
opposed and al nil times, to an exclusive metallic
currency; am opposed 10 The spirit in which the mea-
sure originates and oil and every cmanaon and e5u!'
liun cr that spirit. solemnly declare that in thus
studying our own safety; and renouncing all care over
the general currency are, IN my opinion, abandoning
one of the painest and most important OF our Ccnsttn-
onal duties IT, Sir at this moment at war with
powerful enemy and if his fleets and armies were now
ravaniup our shores and proposed IN Congress
take of rseves to defend the Capitol and aban'
don the country its fate would be certainly more
striking more fragrant and daring but in my Judgment
not more clear and manifest derelction oil duty than
we commit in this open and proGessed Abandonment Of
our constitutional power and constitutional Duty over
the great interests Of the national currency mean 10
maintain tina, constitutional power and constitutional
duty 10 The last II shall not be with my consent that
our ancient policy shall be overturned IL shall not be
with nv consent that the country shall be plunged
deener and deeper into the un!ahomed depths Of new
expedents.
Il shall not be- without voice Of remonsrnnce from
me that great and important purpose for which this
Government framed, shall now be Frustrated