Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-05

SrEErn OF NJ "ADDT g. nMPsoN, oF s. {
| On iM ryor" NJ fer the { If Ie" .iid'io"s Q
J,susnry Noics- hla-crsa a. House q Regyise"
tl!tocs, ta,i,d 5la,-S. .aal. i-5,.
Mr.. CHuHHAH: hrhougH ~, regard the present
as an OCCASION GAeD II ever T. .h9 trst.'y 70" :s cnIn
W, It "nud be lstib!n resort 10 the Grea; CoGSr
v"tiye principle OF English liberty 10 wlhLnc supplies
un!l there YVES a5ange Of meaS&!es and redress OF
grievances, am nevertheless willing TO vote the ne
cessary supPlG 70 The GOvrrnHv'gt ! mast however,
b allowed ooosc the mode OF raising The funds
Cannot go measure i..c ,hlt proposed which is, IN
my ce.lH.'"'" -lgment VIZ lon OF tn Constitution
aaa 2i %! a..t dangerous enSeGcy. inwsoev'r ana
-. b. '"er admin c,ed, | cannot forget tat It Is
ST. '. .y--,0.. 1t ol my country, and entitled To all
Iust alds ne, Of money ard"f every thing else -
int viii not ayw any eIjIchcr, A~.grger great-any
pressure, howey serctc 20 md ice ne IN the slightest
particular. V'nata iheT lnstron. The section iron,
which conc, the wcancr interest IN lis cnirdecacy
the Constitution iSthprriore literally thu ..ark ot"sr
covenant, and should be sactedy kept Ever con
sderaon of interest is suPe!addrf 10 the highest sane
ton under which ACT so 10 watch over and pro-
tcct IT, As matter of conscience and of sworn duty
cannot; of prudence and Of policy would nn /!
could in The slightest plrcuiar violate Tia! sacred
instrument
He looks bat narrowly ar'is measure, who regards il
simply question Of raising money for present err'
gency. No, Sir, II Is part, most important PHTi-'he
very oundaliOh of fiscal, financial and CONNER
cal system which is intended 20 erect upon the uns
Of all the saulary usag"s 10 which have been &C.
cuslomed of the Constitution itself, and OF the proper
ly, prosperity. and happiness OF Tie people, purpose,
now no longer doubtful TO suppress bank notes as
CURRENCY and to substitute in their place this Govern
u"nl currency. We have been told from hlgh guar.
ter one entitled to all consideration, that mot;al con.
hicl now waging between blnk paper and metallic
currency and that The other must perish; that
the business of discount and Issuing currency are IN
compatible, and explicitly that banks ought not {" issue
their paper as currency These nnnuucIai0ns ara DIS
t,.,ct nah. RI / will
MED that the purpose IN doubt most honestly and pa
rotica!ly enlertaTCd Is gradually 10 suppress binH
notes currency; yrtwe are told al The same tinc:
that il is not contemplated to bring the country 10
currency exclusively metallic The currency then -
To be in no part bark paper, and not entirely
metallic. What thea Nothing has been proposed
but this Goycrnmrnt currency. am no !ndiscr.
inmate advocate Of thi banking system. | knnw
the faults and vices ut that system, and would re-
inrp to see them rcnrmtd yet prefer it with all these
faults to the terrible suffering and agony OF passing
through The transition tom that system To nrtahc
currency. also prefer bank currency TO this Govern.
lncnt currency which you now pr'pos" to Iss'''
]. Because think tie Issue OF such paper clearly
unconstitutional
2 1t is nat 80 gooda currency convertible bank
paper.
B. Its tendency to c:ccss, the great auI, Of the bank
ing system. is greater.
i. II Is more expensive.
:. Its political tendencies are more dangerous.
u. lis effects will b, unequal and sectional and spe
cialy injurious To the section from winch come.
submit, Sir that these Treasury notes are bills of
credit and that This Government has no right To issue
bills OF credit What bill Of credit: In lis largest
sense il means almost any evidence OF debt But IN the
cs =; ,,,,ob ;, g rs.J in Tho Con.,iiurion il means
such issues of paper upon the credit Of the public lath
as were then in existence and by whch the country had
been severely sccurged, now generally cenomnAtcd
~ H. ,r mel ros;,-n,iinn nils nj cred,, ". find
th , CconarII. uset n, ha, perod in ,cls Of nrdina
-, leJf.,alou and wbv shruld we attach 4 different
inc r., !, ,,,r i,uni -, ,. Constitution, One NJ,
direct. "bil.f Of credit" be received for POSTAGE
ier acts orb! thu receiving n! "bs Il credit ;pr pub
then in exisa.ca III ccupir ynre lis pops, sues
"a. FsdcT1 an: St"F --a.:' al 'aiE.rE 60. 80
i,,' nca about the SAM .me aS '"''s
, 81 ,.,.,ry f'r,.Iatsr and bY tho sam" m"n; and
=, -'' ~ 3 .--,spcr 81 .,yin0 that thing was
.a,, ~, r,eso ;tt5 of Congress py tue term bills "i
,,l ami another and different thing BY Inc same
5 her, ,,scd N the Constitution 1t was such cur,
. ,,ai mad care-d 50 mech ruin IN the county ana
such = currency %hch II vas intended I" proh'o' IS
then In. paper proposed I" he issue" '''e '': "
the continental money answer ye'''h every p''lI'"
!gr important aCd untipor't"!' I'VE Il P'P' 80
the public credit. and intended 10 c'ic"'t' " ,r.
can see no singe point oi uhedrhre o'' " ~. rl,
on which Tie ~" are pTinteu' i"e ''"="' ~. -
fathers made them use ordinary paper, We "s0 s' l
pcr It is said that these bills draw interest an" ''i'
lie continental money did not nus as Is "-r"! "''"
these ardent theorists, Is "his,a"r ~ t ''"' " ~
Much Of thu currency issued ny .ip n,as' a." ~
MINATED ''biIs Of credit, d'd pear m
York for example Bat suppose - nnu nov, 'I ssrcn
who profess 'nrisc''t' %, ~ '",rod r. mailer
sive friends OF strict cons" n''','", 49, crs,;,,
with their conscenres. TO evadr TO chea'' tnt
ton, by such con:enPtns l'a"' "s G@,r,,
draw on" mil in'crr:t Oh a., [s,y ,bey\
The enlightened trainers oil Inc NJ ,,h,ir
forrsaw the e"i!s OF ,,, go wouId not
ne 70 issue such and made us swear iha' W. "ou o
do that Gmy other act III v"ia"n o. ."f d ,hnS j.,
but, by this Pai'Ty lcH, we WIZ swarm no to do
effect DO The very '"!Hg Which We WIZ
Shame shame ,,,or may bp issued
1t has been sHTg'S'u WAY ,ba Constitutional diff.
in another form: so as u ,t rs nnblic dues
Guilty; certificates receivable IN payl"rnt " M nm
aud promises to pay lns IKE ,S ",I h;c can be
~ofhy evasion o. 'n nnd Ga"ay bnsess large por
imposed "pn , crsS cI The revolution were these
ton OF Inc D'I,s W pn, - case long since the