Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-11-23

stance, whatever may choose 10 call il BY name if
that scheme passes The fearful and enormous addition
brings 10 The Executive power, will every thing
before it,
And strange, passing strange, hear il gravely az.
serted that II adds nothing 10 the power of the Pres
DENT ! What! is not the whole machinery 10 be put
motion, and directed by the Secretary Of the Treasury
The mere instrument, according TO the prevailing doc
ine-llie mere instrument, in The hands of the Presi
dent TO enable him 10 carry into effect the Executive
power granted 10 him by the Constitution. The whole
revenue of the U. s. is 10 be used instrument
check and control The banking system This power is
I" be welded by the Secretary Of the Treasury, the Pre-
sdens instrument And yet this scheme does not give
to The President any additional powerm IL one part of
The Union overiradcs, the Secretary must check il BY
drawing the specie out of the Banks If another part
wants facilities, the Secretary may afford them by in
dulgng the Banks, &c. This whole nonied power the
regulation OF prices and of property is to be managed
by The Secretary, and yet ii gives 10 The President
additional power ~ The whole patronage of the Fee
deral Government is at this time concentrated in the
hands Of the President The action Of the Senate upon
the nominations of the President, consider
ninal thing, which amounts 10 nothing at all This pa
tronage must necessarily increase every year, with the
| increase Of the nation
We commenced our political existence with some two
or three millions Of Inhabitants, and at that early
period the prophetic mind Of Patrick Henry foresuw the
consequences Of the that had been conferred upon
the Executive Of the U S. His warning voice was IN
Needed and this nation will weep tears Of blood yet for
disregardlng the counsels OF this gifted aud immortal
statesman. Let any look back at The progress Of
this nation for the last 40 years and then look forward
to It's future progress in population and wealth in
| merce, agriculture and all the mechanic ar,s-a add
ing the extent and rnitude of The nation and of
course adding to The extent and magnitude OF the Exc
cutre power And if he has any Republican blood in
his VEINS that does not warm, he cannot be genu
| inc descendant Of Revolutionary sire.
The Banks TO be preferred for the safe keeping Of
| the public money for variety Of reasons?
list. The Bda.S hare no legs and cannot off! If
any of The officers of the Bank should run of, there
still remain the stockholders who are liable to the Co
vcrnmen for its deposites TO the amount Of the whole
pi!a Of the Bank; which Of itself is infinitely greater
than all the bonds that be obtained
Cd But, ii the Government will require bond and
curilies, the Banks have always been willing to give
them any required as they did under the DE.
poslte law of l5G, and to pay two per cent interest be-
sides. The truth is, there is possible way by which
the public money be lost, il deposited in Bank,
less by the failure Of the Bank And in that event.
in ninety nine out Of hundred it be secured
owing to the preference the Government has ind.
| viduaIs
| With ordinary care in the selection Of Banks, there
| is TO danger arising from this source. Solvent Banks
always be selected common prudence exercised
But if there is any risk arising from this source, it is
which the Government has 10 encounter, in common
with every individual in the community who has bank
note in his pocket, depose in Bank. Why should
the Government he in any better situation than the Poo
pie who made the Government? The People, who have
surplus money hand. all take it TO the Bank for safe
keeping, without scarcely an exception: Why should
not the public money oil the People be secured in the
! same way "A LOWLANDER
TO TIE EDIT OR CF TIE ENQUIRER.
! You and myself differ in opinion 10 The propriciy
Of Congress adopting the plans o President Van Buren,
respecting the currency OF the Federal Government and
the mode OF keeping Of the public money Ny repre-
sentative in Congress, Major James Garland although
not agreeing with you also disagrces with have
heard The reasonngs advanced by both Of YOU and am
| only convinced that both Of you wrong. 1t would
afford great pleasure if both of you and many Others
could be reasoned into belief that the Presidents
commentators not only constitutional but the safest
course 10 be pursued in Tie present state Of affairs
these United States Sir is greatly 10 be regretted
that whilst the Republican family assaed By most
vndictve enemy ,chOut, they should lack union 'rn
The recommendation Of the President 10 Congress at
the extra session. in the year 1887 relative 10 tie nan
cial system Of the u s, also The game al The annual
meeting Of that body in the year. approved Of
by large majority Of the Republican Representatives
III Ic'! Houses Of Congress. small minority felt
themselves constrained differ with Tie President and
their Republican BRETHREN aud by throwing themselves
into the enemy s ranks have hitherto defeated The
This minority feel themselves also constrained to
differ with one another; part OF them are 'dvouIers Of
close connection between the Federal Government uHd
the Banks Of other Governments, by making their
payable in all Federal dues those banks the deposorieso
public money and their officers the fiscal agents. with per-
mission 10 use The surplus as compensation for services
rendered The other part of the minority in favor Of
the Federal Government receiving tie notes Of said
Banks, and making them tie special repositories,
ceiYng commission for the safe keeping OF It's money
dues should be paid in gold and silver which should he
deposited in the Treasury of the L. S. and in such SUBJ
Treasures should be necessary for The collectors in
this widely extended country, and 20 hare
ton With Banks Of any kind.
The enormous increase CT Banks IAN increase frcm
three TO eight hundred in half ccniury)-o! thinking
interest and Banking influence and the decrease of ag
rcuure, lis interest and lis Influence subjects OF
alarm 10 Tie Patriot. Money is power, and where the
whole of il is concentrated in the hands OF few the
Liberties Of The people lost No ore can have for
gotten the arduous Struggle between the friends Of the
T. s. Bank and President Jackson during several years
Of his administration. AS early as the year 1889 bill
was introduced into Congress for rechaTteng that nst
tuition. The time selected for its introduction, aud the
manner in which il was conducted through both Houses
OF Congress- evidently show OF what spiit lis support
ers we're /, was upon the of Presidential Elec-
lioD and Gen. Jackson candidate for reelection
IF he vetoed the b 10 do which they doubted his moral
courage the whole host Of Bankes were 10 be srTayed
against him, and was 10 be test question before The
people The President vetoed the Bill, and was
elected by an overwhelming majority although his OPP
ponent was the strongest man Ct the Bank party.
| After signal defeat by the Government. and the
People might ha been supposed that all modest and
moderate men would have been convinced that the
freemen Of this Union were not prepared TO place
themselves and their poserity under the control Of
noneyed arislocracy. Nevertheless, during the sue.
ceedng year. the President and Directors Of said Bank
under the pre,cnce of closing their Banking concerns
by the termination Of their charter, commenced an
heard OF curlament upon their debtors refusing al the
the land Application made TO the State banks for
assistance but they the teeth and claws Of the Mon
s,c and self preservation compelled them to have re-
course TO the measures. Bonaparte never ca!cu
lated more certainly success at the commencement
of his Northern campaign, at the first attack at the
battle of Waterloo than did the friends Of the U States
Bank on the success Of their grand scheme. The sim
pie act Of removing the deposes by the order of Pres
dent Jackson 10 them what the burning Of Moscow
Bonapare, in the first insance-and the arrival
of Bluchers reinforcement on the plains of Waterloo,
in the secsnd After The most violent attempts 10 evade
or counteract this unexpected blow from the President
they discontinued their cur;aiments commenced dis
counting and pursued The usual routine Of Ganking Ou