Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-27

life OF pre- eminenty calculated To call out into
bold and bright reiie the modest Traits OF The heart and
Of The head
In March, 1887, Mr. Van Buren, came into the Prcsi.
dency. In May Of the year, Q'ttle more than
monthly the fatal bubble which the criminal and unchas
tened ambition III reckless specnaturs had Tor years been
fostering and swelling 10 the most exlrayasaut extent
conceivable burst al lengl with destructive violence,
over the devoted heads OF the American people Loud,
loud was the cTash deep and all pervading tie fearful
CONFUSION And here, IL but too often happens IN
the drama OF le the guilty and the innocent con-
founded and all suffered aIkel involved, 1t embarrass
ed ali society," more less The fusion had been Kept
up too long; the meshcs Of worthless adventures had
been too aruliy and selashy laid 10 permit any one
class 10 escape unscathed. That Sir, is dreary and
Rauspclous season Tor To- think correctly or 10 ar
rive at the right Conclusion, when lrbualiun eyen
dull fog in winter dims The bright lunuary Of The skies
has contributed to dstot and partially obscure the
son, that divine lumInary of the mind. What easy
natural or SO common, 10 dr!ude, unduy TO i'm
press with false ideas, individual aborng under
state u m"nt depression Hence the origin partly of
the hlgrantiy unjust attacks the immoral
the myrads r nendaCiuus accusations and fou! calum
MEG, which have been necessarily directed against
Administration whose misfortune il was 10 come into of
flee at time wten the unbtd!ed avarce and mscon
duct OF certain classes had wDurh evil and gloomy
revolution in the financial affairs of the country Ger
tainly. we need not to the Poets be reminded
that JUSTICE, and the brighter virtues, have long ere
this fled this valnous earth AtevrrY step in our pro.
gross through life The fatal truth is sure 10 fash forth
upon It's pad and iunerea glare, Finding itself thus
suddenly in such dilemma without the least agency of
its own, what was this Government TO do:what could
do, Was not this occasion rather calculated to call
forth the best energies and elicit the sympathies Of
the wise and patriotic, instead Of calling forth The feo
cous anmadverson. and hyena like assaults Of the de-
luded ppryersr? Could Administration which had
been but iou weeks in power, huve caused all this
barrsssment and wo;-Or ppced that it should
step forth al once, and, if by the influence of magic
discharge and pay off The debts of whole people, which
it had taken years Of extravaganza 10 iGcur'
1t is true, that told by enlightened Wing
instructors in Political Economy, tina, all our present
evils can be traced 10 the OF The patriot Jack
the currency, and hence the responsibility which
is made TO attach 10 the present Administration. But
Sir how stands that question Why, beiuEe they
make good this charge, they will lave 10 prove two
things, which know il is impossible for them 10 do
First, then, they must prove il To be unchsngeabe
and irrefragabe maxim in Political Economy, that all
commercial revulsons and all embarrnssmsnls and dis
lreSs flowing thence, owing, not only probably
cdenally but positireiy and ineraLy Governmental
causes: Or, in cther 1e0rdS, they must make sreei-
dent 10 that pripufe ertrd1ag msrcdHae cpidy
frantic and unmarraRed advancement the prizes Of
erery thing, gambling spccutiOnS stOcks excess OF i'm
poratiOn erporation TO raSt amount, not sn
cent an Memsrces 10 produce such redctton reru!Si0n
This they in the present instance bound 10 do before
they subslaniae their charge; or clss oil their
gumens must fall short OF the markthey Go not cover
the whole ground For, unless they convince of
the utter inca pablty of all these combined 10
they be certain that it Gen 'acksons policy, and
these cfsame ieverish and feasible that pro-
duced il,
Secondly, they must prove by appealing to
history, that in every instance OF pressure which has
CURED hitherto the Administration eIsung at the time,
had nierered extensively with the currency, and
Notary affairs OF the nation. With regard To the first
proposition, il is retute it. Fur, who is there
so blnd or so ignorant as to believe that there can exist
any Government on EARTH however despite, which
and refrain whole people from running in deb,
if lhsy will it; thai it stem the violence of
specializing mania which rushe. forth with the impeiu
osy of mountains torrent: With regard TO the Sc.
cond, what does the history Of this young Republic teach
and tell us, upon the suhjsci?-Anong 0tLsr things ii
tells u.s. hov in tie year lo25, rSitcd By Of
Mlse commercial dSaStrS hOr sc0rtS IF mercantile houses
reduced 10 bankruptcy h0lc u lie hunks step
p,d payRcai and sunk hgc srsry sptccS
Of business pasied and deeaysd from hame 10 GeOr
ga; hosc lie prices IF all Ggrcutura producis If s0r,
Of iandS IF hOusf and city i0S q later and Of snrs,
aiaraaiRgiy The And pray. Sir, what was
the cause Of ali this? Was Gen jackson also al the
helm Of Stale, then: or, was it his "Expcrment," his
pn,ting down the Monster Bank o! the issue Of his
Treasury Circular the cause? On the contrary, why
did not those two idols Of the Wing party, Adams and
Clay, then at the head Of Government come for
ward and relieve the country from lis embarrassnens:
The real TRUTH however, Is, that that Admln:stra
lion, sufficiently odeus in other respects not
Justly responsible 10 blame for that distress, than
the last and present for the existing state OF things
Grant that the pressure of $50 point OF Dngui.
tude hat inferior to that of 1857; STILL how the
Ul common sense cen that have any thing 10 do
with the principle for which contend. and which relates
simply 10 the OPERATING CAUSES, which were in
both instances iden;ically the same: The comparative
severity of each did depend OF course the length Of
time during which they al work 10 produce the
catastrophe and in 1887, these causes allowed
10 OpcrPae much longer previous 10 The final explosion,
than in 1875 (rhe mighty evil, instead Of months having
taken years 10 brew) the mlschievous effects
cessari!y in The case, than in the other
Then nSL however, wild and vast specUatOns IN cot
ton and cotton goods imported from Europe, forced
natural and wholly unNarrantcd b. The actual and real
wants Of the country, followed by temporarily extra
VACANT and deceul rise in the price Il" that article,
the original that impaired false and mad
dened impulse 10 Trade in general Fhen, Is noc, spc
culitors importers, and over traders were TO
blame Then, rs nou, Government had no more 10 do
with the matter than the planet lierschel, or one Of
his satellites. Wca however we had amongst us The
"Grand Regulator that darling object OF Wing Dreams
& NATIONAL BANK! And, what in,e
gent people think who love FACT more than mere u
Gacous assertion, when they reject that this boosted
Regulator of currency and com erce, was not only
able to avert the mercantile conyusion Of lS2J Jut
nhat is more il itself up TO the eye iashes in
be- and on the brink Of bankruptcy: Political Empl
RIGS talk no more about the Wanted efficacy Of
this nostrum Of yours; FOR WE HAVE TRIED 1T,
AND IT HAS FAILED. Spare US, oh! spare Us, then
this vile mockery, this offensive insult TO intell
gcnce. Alas! alas! oh Whggery, History is your most
deadly foe to it, is 10 cound you-tO dtcN long
H. destroy you' All your false theories, ell your
bugbear fances, and irrelevant metaphysics, sink al
once beneath The brawny arm, the master stroke oil
TRUTH!
Indeed if we reflect seriously the Inject, these
commercial pressures aud revulsions appear pretty
much in The light of periodical vsltaons; and which,
as society constituted, are to certain extent. una.
voidaGe. Yes. Sir, do most conscientousIy believe,
that from time time, they will do what we may
When we consider that The healthy action, The just equl
brium of is necessarily connected with, and
depe nGng on the prudence, the intelligence, the pune
ualiiy the diligence and foresight ct so numerous
class can we be astunshed that among many indvi
duas some should fail . perform all their various duties
with that regularity and sagcciy, indispensable to
success in lie, but YET rare The thing is inevitable
so long as our nature remains unchanged The regular