Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-08-14

III finn q
and notwithstanding il has been in successful operation
for about hundred years. there has been no PrtI'd
of her history, when there WAS more ardent ana more
diused spirit Of liberty amcng her people IMAM Inc pre-
srn and when her Arstocracy maintained lis ascehu
on.v with more Gtlenuaed end uncertain tenure
The Democratic spirit aroused among lie Eti'sh Peo
ME is al work and WILL i'll The progress OF Tune, Ut
,orIv oyrrrow and prusinle her tailed nobility no"
,hon has the credit system snbdued Tie spirit vi "
hrrtv, How has il upheld her At!stncTacy: low mas
!, snhecpd labor TO the vassaaCe Of AriS"cIacy NE
i,nrUved aud improving c"diil"n I'll AL classes o .e
british people G prove tbs Sasrf'H. ! ne "iscsl h'l
ti.h statesmen those whose Plr;oi;sm cann" he uH""t
cd advocate the credit system WITH almost Gnani"'y
Fher the gentleman from C'F"!'"a, or Tie most CHS
,,,yrsaed British statesmen are ms aks ana the pow"
=, .rd orrsprry of Great Britain isrntrIy driu"i'n
E,n G. ,ea, Britain ,uin my eyes 10 our Own h1rPy
~ nros,prOls country, in which the b%nCnanl ana ss
I;ory influence nf the 'cT' d system upon agriculture,
commerce and manufactures is ncSt sIgnn.iy haNirhI
in is rvpid increase Of population, pTocucs, nanIac
mrs internal impToy c"Hnr:cr '"''IGh ans
domestic. general prosperity anh f""r' Gar '-'T!' nav
Leu amid ard ua, G,,iird III tir tide ni lines Every
man ISL has examined int" The history &" our progress
muI scknowledsc tia, FAR cnpinI is conct'ned'
hirp but the increased active capital furnished ny our
.:ctcdit fys,pm, could haze procured such astonishing
and extraordinary effects; Tsd founded upon hG';i'
dual responsibility, would have tecn insGi'c''n' rom
the want Of general cnn:dcncr, ond sprce, from ls
.r,rcj,y would have beer inadequate 10 satisfy hi!n'
self let every gentleman compare ou! present roG"n
viii what il when we first nSieTrd mi" nnhnhai
existence ard the 'creGU system WIS 3' cs'"o'iHi" ~
ard drur he can, that ere greatly lnGi btcG lGf
cur prascu. r0Hcr wealth and prosperity. to that sys'
tenn Bat; Sir, has It's moral and political influence
been dryirIious ard destructive. Nh"n WAS there
more general Intelligence amcng The people when
the srIIit Gf liberty greater or more general: men
more de yntiun TO fee institutions? len the moral in
t.ry Of The community stronger: Although The 'cEe'
dit system cUrmpnrary with our existence, mas
rrown with our growth aud has exit need as our srtir.
meats have extended where is The dangerous political
po,rtr which it las cxercI, The immoral influence
which il has exercised In The p1rcuIa' organization
Of The system, nanny false principles may have heen IN
trnduccd, ard improper and m ld cious powers mrnrt
ed which have proved elieIiCus and dangerous IN their
operation bat This belongs the improper and Judi.
cimus organization, and MT 10 the system lsrf Sn IN
the management Of the system, there has been much
fraud -uch abuse aud ranch cprrnp Igr bIt Icse are
the results Of human iraIy and human dcPravy mot
Of any inherent vice in lic system ITSELF and Ensl be
corrected nil such errors abuses and c"rrupons are
corrcCird by proper restriction and punishment There
is no human institution that has not been abused. and
that is not liable 70 abuse and c":fuplon but this is no
sound argument why they should be entirely destroyed,
because, If it were, shoa!d ,rsr"y not only every
civil institution but GOraHst and erery ether iastu
ton.
The hisng uisIed Senator from Missouri, MIR Ben.
ton in a spec ch delivered hv him in the Senate Gr hs
United States on the 18th IF March last the "B 10
divorce the Government from The Banks. selected par.
ticuar periods of time, which Ie classified az The periods
Of the ,csahntsS and the Gscrnncy OF bank influence,
rmd ny contrasting The annual snusss IN lie treasury
duriau heae RODS attempted 10 prove The fatal effects
Of bank influence do ny. refer 10 this speech il any
spir, of ukindn,ss to liz author bu because it has, TO-
pcipr with tina. Of hlf Calhoun and many others, been
scattered in profusip through my district and upon the
doctrines o lrse errechrs stand arragncd before my
constituents: stand trial before my PEERS ard feel
it Il duty Of scii GrcEcr fTcn which nothing drive
ne To- undertake of their prominent or
gumcr;s which, | trust shall do with the utmost re-
spect and Difference Tic first period selected hy Mr..
I'D
which he says ':ihc banks few and comparatively
weak" During his period he surnusrs were, l7r0,
So 43l-I19O 500, O43--I79l. SG7:&o5-l7!2 S1c3,.
Iil--I7!I3 $s753.IGl 81 l5la24l75. SjlG ii2
-!7.rj S3-S @g5-l1G7. 81 u:.l -g-i74-, SCH ;5l-
l7gy, 81 lGl .rG7-lcG0. - G23.3il
(Tn be continued in nrJi)