Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-05
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cl Li'' .'. or Ia =. ADJ. ..'HIS IN ~ -. /
On = i-H prom. NJ fer tie Z If Ten .iia'ioNS 4
1reasHry Noles- l,.aerra IL House Of 5egStsss
tItocs, tnu-d 5h.,-S .fGl i-,,.
Mr.. CEAIHHAH: hHhough. ,r, iTcgacd III" p'cScn
ns an occasion Aen, !! he trsssy - his coHu
Wy, It would he unsuitable resort 70 the Grsg Cons,
valve principle Of English liberty 10 whLot suppl:
un!l there was aIauIe al necessities and redress ri
grievances, am nevertheless willing 10 vote the ne
cessary suprE 10 The GovyrnN-in! | must however
Be nIlowea {. moose the mode ct ;ais!ng the ITds
Cannot -" measure Ike hllpropo5ed which IS, in
iy Gci".r''e .gGeat VIZ llton OF tn Constitution
and %! .: ...I dangerous .rnieacy. iiuwsocver and
'E "er adam .csed, | cannot forget that It is
ST.. ''n ,--,. o. my country, and emitted 10 all
just aida r> mf, Of money acdof er'1y thing else -
Ia; w' not alsw any e1'gencY ~ ,erer greal-hhy
pressure, hoWey sevrfe- 20 md N the slightest
particular. vinuta thee lnstrOn. The section iron:
which come, is the wcancr Interest in The otierac
the Constitution iStherriorr 10 literally h" lark oi"g:
covenant, and should he sic;edy kept Ever COZ
sdefaon Of interest is supc:adaed 10 the highest sane
lion under which men can act so 10 watch over ana pro-
lcct It, As matter of conscience and %! sworn duty
cannot as of prudence and Of policy would not, II
could, IN The slightest particular, violate tina, sacred
instrument
He looks bat narrowly al this measure, who regards it
simply as question Of raising money for present eneT
genCy No, Sir it is part most important PnTt-,he
very foundation Of a new fiscal financial and CONNER
cal system, which II is intended 10 erect upon the ruins
Of all the sanitary usagcs to which we have been &C.
cuStomed. of the Constitution ITSELF and OF the proper
iy, prosperity. and happiness Of lie people: purpose"
now no longer doubtful, TO suppress bank notes US
currencv and 10 substitute in ihe place this Govern
men, currency. We have been told from hgl guar.
ter, entitled to all consideration, that mortal con-
hict wagla% between bank paper and metallic
currency and that or The Olh.! must perish that
the business of discount aud Issuing currency are IN
compatible aud explicitly that banks ought not Ia issue
their paper as currency These anHuucalions are DIS
enough and trust that 1t will not again b, de.
MED that TIE purpose IN doubt most honestly aud pa
irioica!ly enIertarcd Is gradually TO suppress bank
4 currency; yriwe told at The same tihr,
that i, is not contemplated to bring the country to
currency exclusively metallic The currency then IS
to be in no part bark paper, aud not entirely
metallic. VI hat then Nothing has been proposed
but This Government cirrency. | am no LndiScFi'
inmate advocate d! Thu banking system. knew
the faults and vices Of that system and would re-
nirp 10 see them rci0rmd; yet prefer it with all these
faults To the terrible suffering and agony Of passing
through tn. transition fnm that system 10 metallic
currency. also prefer bank currency 10 this Govern.
inent currency which You aow pr"pos" 10 iss':s:
]. Because think tie issue o! such paper clearly
unconstitutional.
=. 1t is mol 80 gooda currency rs convertible bank
paper.
B. Its tendency to excess: the great fault Of the bank
ing system, is greater.
i. IL j. more expensive
!. It's political tendencies are moro dangerous.
t. lis effects will he unequal and sectional, and spe.
calIy injurious 10 the section from winch ! come.
submit, Sir, that these Treasury notes are bills OF
XII I;, w. = XII rs ors4,; l., l.. i,rr.s,
' .",,,, ;i,,,; i,h, p,,, j., ,L
sense 10 which Il IS used in the Constitution, II means
such issues of paper upon the credit Of the pubc latin
rs were then in existence and by which the country had
"''" ~ ''''' I',- ~ St: ,..,sI
~ ~, '''a ''''" -, %,,Is - c-ad w. soJ
:" y tic I'"'''' 80 N' w - :, I;
-. lT;,,;n; snJ VIM Should y,e o,r,rh =, d:fi.r.n,
= e'i'IG %"" WY S. , " %,,i.,'
t,rrci "bs Of credit BE- received for postage:
r., snss WA, s,Ir - - e'E's ~ pu',
,eo N exis,y.,a ~ H. ,o.,,,.. 49, - S's
=. E,d,y-l and S,.l a. a. t'l
Wa nfG,'-L-Is1,; % ,,, SIM. i'm, j.. ,h,ss
~oh"!'4. -, .'.y 80, III, sam. men: anG
's'S % 10y ,on-n 8, vino ,ha, one thing
"t', '"n " 'o :, IS t,,-o.s i,2 line term Bills Of
~. The, and p d. fIi.rert Hing b. the same
'." 49, 49, , the 1, ,rs,,tri;5n Il was such cur.
. ,,oI had c,,s-d 50 much ruin in the country, aud
b cu-rs,ry which it va intended To prohibit. Is
,Ln ,b ran., ma. proposed to he issued The same as
the continents! money answer ye',ih every P'"F"'
I.r Iuporanl ard unimPortani It's paper sSufu D"
ba c,lic credit ,nd intended n circulate as Innh'F-
can SINCE point OF inference. pI' ~ t,,s
IN which the two are printed The frugal habits o. our
theirs made them use ordinary paper; we use 'H pa
nor /, il said that these bills draw interest, anu 'hh'
iLe continental money did not ms as - "-i". "''
these ardent theorists. is nis,afr ~ ""' %
Much OF the currency issued by TIE States ana on"
,n,s,ed :'bis Of credit did bear in,erest-'ha' ri y.
Vork far cxample Bat suppose II had not are genie
men, who profess themselves on all occasions the eS;.u
s;y friends Of strict construction. prepared TO PateF
viii, their consceurcs evadc, to cheat the tonSt''n
ton bg such contemplate fraud rs n'aSihT ms
notes draw one nit! interest on an hundred G"I@Fs,
The cniichcntG trainers Of the Constitution NSHy ''rE)
forcsavv the evils o: Go"e'n'nrn! PAPER: nc
ua 30 issue such and n'"de US swear ina' W. "%Hu no.
do that or any other act III violation OF the
Gc, =, IN. very thing which we sworn not 10 90
shame shame
It has been suggested that such paper be i'snTa
in another form. 10 avoid the constitutions ,.
Guilty; certificates receivable IN payhrh' y" uo'.
o,Ev evasion OF the highest obligations ""iSh can Nc
imposed upon men, and equally "as'eSS ~ 'Is ,ho,,
ton of the bills OF crsd1 OF Inc hevoOon snce the
receivable certificates. Du! ~ ,I;S,, :, been