Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-09-11
( sycnts-EsstIi GasagFe.s---:2d Seas.

and ercoura cement hem to employ the revenue in
trade and business lis Conversion, fact after c"lsc
ton, into banking c,pti!, a. the basis not only Z"
commercial but OF various other operations. is pa pa
bic violation Of lhrse plain and simple truths The ~"
PRODUCTION Of system founded upnu the hypothesis that
that value which consumed By Government 1t s!ill IN
existence aud capable OF profitable employ meni and re-
production, absmrd.y and deu"n r'lls less sx
rsT1gan than would be IDEA. treatise prPuIat"n
that the rSt!nguishment q. life is destruction o;
human rAistcncca sUbiI aCii' n from the num-r cal ag
grcg.te il MAJ be urged. that the VISIBLE growth and
prosperity g the grand total Of national h rrues
tie opinion that taxation and expenditure absolute
destruction o: so much valr wealth Such
ing is about convincing, such logic is Conclusive,
70 maintain thai the continued increase Of pnpu.atIon
the constant and nYariahir addition 10 the aggregate
number in country, b. natural mems proves that no
death has occurred II s passing strange that a
lailary absurd druson 81 Implausblc. should be
attempted upon tue crccu'ty of tho Whole nation And
wha; the necessary consequences, the unavoidable
mi.ch"'s Of this scheme Of deception and folly The
cmpl"ymen OF The revenue IN business and trade me.
vItal TENTS continually 10 the creation 81 unn''ura
CONDITION uf things tends necessarily to disturb and de-
rang the regular and ordinary course 81 business Trans
actions. and tends produrr an artificial and drccI,iul
relation between tIr trade Of the country and the capt.
Ia! acluniIy applicable that trade In The intervening
time, between collection and sumption. the revenue
is simulated into active employ mrni; BE- comes NOV
ur business aud sp"cul'!nn; II Is regarded and
c0nst"rcd the basis uprn which may safely rest cx
tended additional operations Nhrnesvr IN" revenue
thus cnlc,d ard forced by the aC;rUn of Government
into busy employment, is Withdrawn. as ii mus he ne
cessary al snHr time then the public expenditure IL
dpplrUC'rn, To that extent. OF 80 much capital Inc
capital being gradually Withdrawn to SUPPLY the wants
o. the Government. i'll the sam" Iau, and even IN
much greater. business be affected Not only the
arlnunt al business resting this capital, arIIicaiIy
multiIrd must aud perish; but the iumhing oi
the supeiSfuctuip thus erected, must shnk- and CON
yu'.- all Others in any way connected with H. and must
produce panic onG alarm throughout the county But
the acujgg revenue in order 20 prevent these, otherwise
n:
ply the deficiency created must be made To H.! up The
chagn Thus have disclosed and avowsd the Startling.
the od"us d"crnc. that besides the mere support ut c
vrrni-nt the Object ana purpose at taxation Is 10 con-
tribute the increase riau!s prevent diinu
ton of that "l capital employed hY bank ngPn
cies Tin. principle of transferring wealth or value. by
force 81 epslaiiDB from cas- portion oi society
to another under watrvrr prrcxt Of public utility, is
p:incp pie of piundcr and icbLvry II is taking IN" pro.
perry ." A. tpring han Of the USE Increase aud pro
fl and giving Is, hrcans" he w.t. 10 the "s'lna'ion
Of the Legislature vest and employ more SrnrfcIaiy
for the general welfare. 1t clear The III the
frnafnen cIoudlcss day that This un2rncP"d aud
unconstitutional connection between the banks and The
Government operates as an unmit'gated s'imuant TO
superlu1us excessive, iyrannca and unconstitutional
taxa"n-to taxation greatly surprising ihe amount re-
quired Tor proper and economical expenditure.
But suppose ghnIt, that tbs licensed and approved
conversion of ,ertmuc toto JoHh cnPai does essentially
assist in augmsnrrg tie asgrgne wealth oi The na'i"n
extent otherwise attained The admission at
such fact would be reuta'on Of the cha' re Of in
!.
ten; would by means. p,"re that such - stem
uprra,d fgu0H IN improving the condition and muiI
plying rha general comforts Of s'c'r:yhai ~ '""dsn.
cy III" production OF The greater good the greater
number
Take for example q small community Of one hundred
persons hose total production "i value ncrensr OF
wealth is ten Thousand dollars. Whether this increase
shall, by tn" paratty aud injustice OF Law, be mono
prIizrd by five individuals, shall be let free 1" the
acquisition and enjoyment all dDes al Gll all CT
the certainty Of The fast of such increase; but II d1rs
materially concern the comfort, happiness, and tq!al
rights OF nincr y.lve out Gf hundred in society
The augmentation Of the aggregate wealth al ma
ton not, therefore, always the proper meesHtc at
the Aggregate improvement ord ameIlora,ion Of the
condition OF lis inhabitants Strange and parHdrIi
cal therefore. may al iTs appear il nevertheless
undoubtedly Tue, that naiinu may b. rapidly 'nceas
ing in wealth, whilst individual poverty and inequality
ury be still rapidly multiplying; and his drerl
grafton OF Tie comfort and means I" s"bsislo nee o the
inhabitants. separately different SECTIONS "r parts,
mny be- lh. result of those very laws which are smu
Iang the cu;ruy mont Of capital end enhancngIis pro
fits Such will br the irnG,"cg. III greater ar lrss de.
gree OF any system wbcb tnEes from individuals. by
nxafion a sum than sufficient for the most II
cidly economical wants OF Government. and permits
the sum Of taxation, any portion thereof 10 he Trans
f-d favored Glasses HsS"cia"ns. 10 capitalists
and erccuaiors. under tn" shallow prr,rnce "i sus'
tanning credit, nvig"rariug conid' extending com
mercc and p:nuun. the grca prosperity 81 thT cnun
try, bat really for the purpose Of swelling the profits
and MERCHANDISING the wealth "a! ih"sr iav"fIcs
into this investigation Of r deposit" system, as con
nec,rd with the principles o. political ec"numy, bn, for
the fact that the policy oI using the revenue as scve
business capital has heretofore been recommended md
sanctioned has maintained on this floor and has
been recently and zraluusy urged and defended IN the
other end Of this building 1.-The whole uTplus revenue
yond The current disbuIscn, nj u the Government Is
70 be rescued from barrrn and uuprnduc,ve dlrnsss
is to be preserved from annIlaiion "a 80 much na-
,iopsI CO. pila 10 be made 'snsccp'Ibe D! multi
prson through conventional substitutes 10 four tunes
lis nominal amount and capable OF ilucliyng and sus
timing the national industry Ia corresponding ex-
tent - have irlt ii my duty 10 meet and epeE this
d"c,rine of avaing ouTsrvrs OF the revenue power,
the power Of taxing the people. Tor the acquisition "f
n-oual capital. to be rmpl"yrd IN the encouragement
Of ma ions. industry Such system al deriving capt
,a from the labor of the country such mode o giving
i, employmcnt with the consequent distribution OF IT'S
rros IS partial md unjust in It's '.cs upon the DIT
frrent secOus of the Union ana is rspugnhrtt to The
spirit intention OF the C"rsiitn'on. Against such
departure from the me anng and intent OF tho compact
against such sectional preferences sgalns, such odiors
Inequality, We have just cause "f complaint Nthoet
Discrimination favor let all b" lt free 10 exert leir
industry nd skill employ their capital according 10
tie sug 2. sIinns Of their Judgments. and to ENJOY,
without Interference the fruits OF their tolls Bot see
taxes generously contributed for the sole purpose 81
equal government and equal security diverted from their
legitimate end, in order Ia brsnw partial dement's, IS 10
tetl the sting Of injustice and "ppressI"n
In vain has the CGnsurr,n secured uniformly
throug hru the u 5 in all duties mpcs's anf excuses
has II ORDAINED tbat mo preference s'''' w
by any regulation Of commerce or revenue, 10 Ihe pofs
OF one State over lhuse of another these provisions
lose their saIuary qualities, under the operation '' .
system which regards the revenue rs nalhEai captn'
and allows lis employment, for the encouragement 'e
industry and trade Of commercial city IN preference
OF another
MIR Chairman notwithstanding all these "eJNc''ohs' 20
the coGs,ltu,ionay nd policy Of the measure when
have endc.vo TO snnrce and which TO my own m'no
are nsuperar revival Of this exploded experiment
still NEST periinaciousy recommended Nun'tcu' apo
mas, insuficiencv whilst The most liberal promises are
rendered for future fidelity and prompt performance OF
1 rEdsnce lis adenuaIe