Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-03


great treat. He has been received with great ecia in
every City which he has visited The public prints have
runr with his praises He is last from Washington where
h.s Concerts attended by the President members
Of his Cabinet and Congress- &c, &c. Mr.. Russell is
admirable performer the Piano-and w,hal he is
excellent Composer. His voice is of the rnosl
powerful, distinct and harmonious we have ever heard
Mark your Position.
We have taken every pains, and indeed have bored
the public by the attempt 10 mark off our position on the
cheSsboard. But sorry to s"e after some discus.
sion upon opinions in the n. \. Evening Posi and
Journal Of Commerce, that true relations not
vet sufficiently defined. The n. York "New Era, for
example, has The following article upon the subject:
sit is not true, asserted by the Wing papers, that
Mr. Richie of the Richmond Enquirer is opposed To the
patriotic Government for the disuIion of Bank
and Stale. On the contrary, he cordially supports the
principle, and objects only to the plan introduced by Sc
na.0r Wright inferior 10 which mi ht be framed
in accordance with the resolutions introduced in The
Virginia Legislature. The Wings with their usual no.
nes,y, furnish their readers with all the objections of
that influential journal to the particular detuils Of the
ub.Ireasury bill, and there stop Short without giving
syllable of its able advocacy of the grea. principle,
high patriotism, and essential expedency of the
sure Yet how reasonably expect from the
Wings any ether than unprincIped conduct in support
o. hei. uuprncp!sd cause Their object is not truth
but power and power for the sake of arsocraical az
grandlzemant.
But the fac. is we do go against s:lhe disunon of
Bank and Stale but do GU for disunion between
the dp9s Of the Government and the discounts Of the
Banks The " ennsylvanan" does US more justice in
placing true position before its readers. The reader
will please us for the seeming vanity OF repubIs
ing the article as II is published in the Pennsylvanian
Passing over our neighbors elegant remarks about
the scum of the Globe, and all that we have merely 10
say that we do not rank the Richmond Enquirer with
the - and the other opponents Of the General Co
vernment. The Enquirer is tried friend, veteran in
the Of democracy, and if understand its pre-
sent position, it advocates the policy Of the Adminstra
ton relative divorce of Bank and State far TO
sanction Tie OF the State Banks only special de-
posories Of The public funds. The -, on the con-
trary would have the Of the Government fully at
the mercy Of the local banks TO be returned in depre
cated paper or to be lost altogether, chance may d
rect"
Be the remarks Of the Pennsylvania the paper
have marked with dGsh true not, he has done JUS
,ice TO our opinions We object TO the Sub. Treasury
Scheme because it would exchange The agency of The
State Banks for an independent Executive Machinery
and because il proposes TO snpersede in me the use of
the notes OF Specie paying banks and conne the 6nan
Of the Government 10 hard money system.-iiut
go the time for the separation between the
discounts and deposites and willing under certain
restrictions, call the Banks for settlements certain
intervals and for government balances 10 be paid up and
specially depnsi,ed-prov!dcd in the words Of Mr. Wat
kinss resolutions, be gr such me and under such
regulations, as Congress may deem expedien not
to affect inuriousy the interest Of the Banks.-The
convertbIty Of balances ought 10 he gradual and pros
pcctve-not immediate and total, lest they press too
heavily upon the Banks before they strong enough
10 bear the drat-We beg leave Touch upon the only
other difficulty we see in the case. We are told
that points, say particularly n. York, the Fedc.
raj revenues in at periods in such amount
TO accumulate in the Depose Banks, that if the
teeut at that period be sterny executed before the
Banks have opportunity Ct distributing the depo-
poSi,cs by disbursements from the Government, the
whole of The specie in those Banks may be swept off
in!uriously diminished. Some regulation of Congress
to be necessary for this purp s-which the words
OF MIR. Watkins resolutions amply and most judciousy
provide for, perhaps by giving discretionary power TO
the Secretary Of the Treasury under certain restrictions,
To meet any extraordinary ener gences.
Another point, and we have done. Some gentlemen
cnnend that the Government may well call at
for all dues in SPECIE to call for the balances. This
Is gross mistake A small may do 10 pay the ba.
lanceS-but much larger is necessary 10 pay all
the receipts. Because, it the settlements be not Too
Short the receipts gradually reduced by the dsburse
mens. But, we willing to submit the regulations,
which may be e1pedien 10 the wise and liberal spirit
OF Congress.
The House of Representatives have decided against
those able Representatives Messs. Claiborne and Ghol
Pren,iss and Word 10 the seats. We should deem it
impossible that they could be voted in The issue
not fairly made at the last election. Messrs t.. and G
thinking the question settled by the former action of
congress and not canddaes-Mos Of their friends
a not To the pols-and the issue not fairly made
e"a !uiiy decided The former vote Of Congress ope
rs disturbing cause to prevent the free action OF
PUBIC vocc. On every account, therefore, as the
stands we trust that in pursuance OF the sug-
,To' MI Mason, the election she aid be sent back
,rn b. r"pe Of Observation-Disclosures Representatives
I o'sec Upon them OH which the minority has not
oeeh PerH'i'ed 10 pass