Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-27
FJa TIE ENQUIRER

An humble individual desres to be heard He was
hIm and constant supporter of III administration of
General Jackson, and whatever of influence talent
he possessed thrown into The scale Of that party
which elevated Mr. Van uen 10 The Presidential Chair
He has nothing 10 shake his confidence in the in
tegrty wisdom of the President On the CONTRARY,
it has been strengthened, msct SireagtLtned-tavn
thus briefly introduced himself he designs 10 pressnt
few remarks upon events that passing and The
thereof. The Democratic party thai elected MIR. Van
Buren,, have hsc"ne some la; disorgani.:d in their
ranks. The Wings anticipating their final
throw, and The Of their own canse. The qucs
ton presents ITSELF what produced The aie pressure
among the merchants, and why did the banks
pend paying specie Is the Executive TO blame? We
answer, No! HOG then? Let US throw off, all pre-.
conceived opinions lay aside our political and section.
al feelings well attachment 10, and love
for, the banks, and then shall be compelled to
Tess that the causes that produced Tie late pressure
originated with the banks, and consummated by
spectators, wild and inexperienced spectators. Is
this true: Let us After Gen. Jackson had been
enabled by his powerful and well earned personal popu
arly TO say 10 the great monster So far thou shalt go,
and no ar,her-S,ae Banks sprung up, all over the
country like mushrooms. Those who had the manage
owned The stock of said banks designed to make
money by them; consequently they very beral in
their loans 1t is well known that there is always a
principle existing in community at large, TO make
money. The banks, therefore, had abundant
tom. Those who borrowed had to pay interest and ne
cesSarily they went 10 specializing. Most Of them
gagged 10 the mercantile business Large and extensive
purchases made in Europe. In general,
port trade is equal that of import and when it
So exchange is about al par. For several wears past
the balance of trade has been largely against This
produced first, account OF increased mporta
ton, and secondly, by falling off Of exports:
had but Two ways Of paying First by bills of exchange
above par II was therefore, cheaper 10 remit the silver
and guild This was held by the banks But il was &C.
ually necessary 10 have it, and it 10 prevent their
vaults being empted that first the New York and then
Ill ,tnft Nh hnpl. cd thar
der examine this state ment and make himself acquainted
with the history Of the country for the last four five
years, and feel confident that he will come to The
conclusion that have. This state Of things being
produced by the banks voluntarily and freely, they
thereby dissolved all connection with The General Go
veInment. Congress passed act in 1886 prescribing
The terms upon which the notes of banks should be
received in payment of public dues well as those
ny which they might be selected and continued as depo
STORIES Of the public funds. These conditions were
violated by the banks and by which Jas before
,narked) they dissolved all connection with the Govern
ment Neither the President the Secretary Of the
Treasury had any discretionary power over the subject
Hho then is 10 b1me SIR Iua Buren the Banks? We
answer, the Banks. With millions Of silver in their
vaults and owing millions to the Government they
would neither pay the Government nor the holder OF
their notes. We ask, If this was lalr dealing Having
thus voluntarily and freely dissolved The connection
with the Government and refused 10 pay il what il
had on deposle, Mr. Van Buren, recommended to the
session Of Congress, hat is commonly called The
Sub Treasury Scheme, more properly the ndepend
ent Treasury plan. And what is Ibis plan, which has
been SO unceIcmoniously condemned by The great
body oF the Wings and few OF the Democratic Par
ty: 1t is simply this That the Government shall
no longer be dependant upon The banks. This great
outcry about the design Of Mr. Van Buren, destroy the
State banks is nothing bat downright humbuggcry and
mOckery He has evInced such design lie only
wishes the Government placed in condition 10 be IT,
dependent of them. They properly Stale banks, and
the States lie leaves them The struggle IS lie.
yIe Ne GJuE
and liberty Mr.. Van Buren, takes the side Of the peo
pie /, ioT them and their rights and liberty he is
con.cnding The odds fearful HOney is po,csr. II
is of the most dangerous kind. In this struggle We are
sorry to l tina, some Of our old soldiers waver.
Although they have not entirely deserted their colors,
vel they give the foe aid and comfort. and 10 be
willing 10 erect a half way house where they may rest
and refresh themselves. Republicans IF FirgiHia and
esewhcye, tfsct reflect But Tor the aid of e nuiy.
ing Wigs what would have been The result last winter:
D.ftat, shameful defeat The party, the real Stale
bank party, under the underlined Of Conservatives
who seem determined 10 lay the General Government
the feet Of the banks, doing real injury 10
the Of Democracy than the whole host Of the
Wings The struggle in Congress is great, and if
shall attend Tie Of the people, it will be owing
mainly to the aid brough, 10 the Administration BY hr
Calhoun and his friends. William &. itives, Esq once
the pride ofhe Democrats has b!oched hsescutcheon,
that wall take years OF repentance TO restore him again
10 their favor. For Senator, in his Ioom give an
Wing dyed in the wool trst-nye, Tyler, or May, or
a CaSr We have extended these remarks already too
far for gle communication. AT another time
rpny say more ALPHA.
S The Independent Treasury Bill, we find, is lost
By The deserti0u Of some twelve fifteen Administration
members They have fearful account to renier. A.
King Is Queen, 26th June.