Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-09-25

those hon you represent, know there Is 0et~ee"
me and those with whom you have cone me '''e '"o,
10 associate me. Those who offer The testimonial ahu
those to whom il is GfftTed-excrpt myte-nfc OF Inc
Same pnr,y That am thus remembered and thus as
sociated is source of the highest grahca'on 10 me-
for regard il as another signal proof from my e"o"
Gil Eens of RichaEd district, "i the persona" k""Fss
b,y. aIwoys received their lands-nnd OF Their gene
,ous d,.po.i,ion Notwithstanding difference {" pollti'
cal npinIon to bear this rnhc testimony 10 'le PURIFY
of n mo,ives-and thereby to rebnke Inc iase ana
n. Tnan aspr rsions Of those who do not kno" me as
we'll neInhbnrs, ana are not caPaoie " "e '"'e
Just and candid judgment
repect H. Sir that receive with pride and pleasure,
The proof of kindness implied IN your mus assoc@ing
me with those to whom your political sympa'hcS and
aparobntion are given and lninng with you and them
in common festival should nIce in an occasion Of
showing that Ike those ynu represent, an incapaoie
Of making political differences cause OF personal acEa-
lion or That could for a moment consider my prncI-
pies cnmrromisrd by accepting your ci'Ihy' IN De
cpiur the Fore attend your Barbecue, am IE!iu
enced by vrry different considerations have already
been present al such meeting, very numernnSy attend
ed by gentlemen of all parties III this district when
had The honor OF submitting views with perfect I'm.
reserve and now understanding that our immediate Re-
preventative is the only member Of Congress likely 10 be
present | om Inclined Ia allow him The same unchecked
communication with his constituents and may be per-
millpd to saw that acqr'esce in this course The more
readily in order That E'Gy not seem TO be drawn INTO
in this district which would he Inconsistent with
much rather aay.
As. however. you have in,imaled tina, my fellow et
gems desire 10 have my views, Will briefly set Down
,uch as are suggested by the opinions which you al
Lutte 10 The Republican Staic highls ciuZ"hS "aom
y0n represent.
viii many Of them, am happy 10 cay, coincide,
aud will before conclude, point "nt this concurrence,
but take first the less pleasing task o. stanS Tue
points winch we differ
In the first place then you say that 'lhs Republican
State Rights party is in favor OF an independent lsu
surv; in This it is utterly out OF my power 10 concur
with lhcm--l am opposed to an Independent and III
favor Of a Dependent Treasury dependent tor It's or
raniza,ion and control upon the law OF the land de.
for It's conduct and administration u1on agents
as much removed possible from executive control;
dependent upon all the circumstances upon which the
prosperity Of the country depends dependent Tor
lis health and vipnr upon the health ard vg" Gr the
communiiy operated upon, influenced and cn'lrnIrd by
all the grra, causes which affect the accumulation and
distribution of public wealth: dependent upon The State
OF the country, and indicating It's condition III rs DE-
lcate sensi,vrness as The Thermometer does The state
Of the atmos phere dependent upon all the great inter
csls Of Commerce and Agriculture in word, would
have the Federal Treasury idencay WITH and absolute.
" dependent upon the common destiny; solr nnly be-
he ing that 10 put it distinct footing, wfnII Tend
to consolidate the General Government ami seGucc
into despo,is than any that has erer been
proposed
The "Rcpublican State Rights party is also in favor
of separation Of government from banks If hy tims,
il that the Executive Of the Stairs ihould be
deprived Of oil ipurrcr control .hrc Insiiu
tons which might be abused for political and narty rur
poses fully concur in such opinion; f." sad rIpe
rIence has admonshcd the country Tat the party IN
power al all events is not 10 be tua'd with he use Oh
such influences; would g. unwilling 10 s'e the mo
ncy OF the government kept apart rom the business 81
the Banks in such way not 10 be nsed "r Banking
purposes II wr could promise ourselves that the r1'
pentIturc OF the government and with 1t The revenue,
could be reduced economical scale, great nin
~ could result from either of thrss sources lar The lew
millions of government money on hand al anyone lime,
would not be sufficient 10 confer much eIrCltTc pa
ironage would disturb IL any great P1tca he
tinary banking operations As, however, u" apPf"-
prIaon OF thirty nine millions ni dollars ii The last SEES
sion OF Congress. notwithstanding the creation OF ma
tiona debt for the purpose Of raising The money
that long present rulers are in power any
reduction Of expenditure is mpossIh-, il wound be de-
srabIe in the arrangement OF The Treasury I" guard
against the mixing OF the public funds with th"s" oil
the banks, thereby authorizing the q" them. as 50
much bank capital The first objrc', viz: the pre-
venton Of executive patronage, NAV he effected by
Laws defining what banks shall be used. either By eS.
press designation. or Ivy general description; as, Tor
example, all such hanks used by the Sinies in
their fiscal operations guaranteed hy the pledge
Of Stale faith and thr second oh eC the f'ta'i"
Of the funds of the Government, may he oG;::asa ny
may be secured by rcGuISion Of monthly oicai state
Of The condition and business Of The selected
banks and ny tie imposition OF proper penalties Bank
ing institutions by universal consent The cheapest
safest, and convenient agencies for the custody and
transfer ofihc public money Every man who has money
dealings practicable establishes this by his conduct,
in regard to his affairs TO effect This r"c' is one
Vt the purposes Of their creation; and they are there
fore organized tn accomplish them by the most sSir
adaptation of means. Large resources give ,hrin a
more extended credit than in general belongs 10 ind
yiduols and al makes them more efficient agents
in the transaction Of exchanges and more responsible
for the iulhlment OF their engagements mat ms Is
emnenilv true, is shown by the last forty years expo
rcnce Of the Government, during which time banSs. III
some form or other have been lis fiscal agents; MIR
Woodbury. himself declaring tha, The Treasury has lest
less by them in this long srres of TRANSACTIONS IMAM oy
the Gralca,ion Of one single indivduai end now ina
the banks have resumed specie payments aud have mus
scnccd The unineanug clamurs of political patisans II
is ascertancd that tn" Government has lost very little
by lis cnnnrSion with ihnse institutions The temp"ra
suspension Of specie payments having ceased ana h'
Fortunate defeat of The ndercndent Treasury having
restored credit and renewed The general prosperity hrs'
institutions are again prrurIains their regular functions
ard proving By carly and drc've recovery thar
The guins had CALCULATED on, how worthy they
are Of public confidence.
Ii is said that the plan Of using State Banks Ms The
agents of Government hss fiIcd and that il is madness
to try again u this be true Ia the utmost extent The
State hank system has, in common with every ihin!
else, failed in The la ndS o! the present Administration
Every experiment conducted By such men, is doomed
Inevitable failure lf the %! the Sts,p banks turned
he injurious what the result of The sub easu
~ system which snccrfded it, Ever increas; NJ en-
barrassraes and dfcui.ics, Till Congress decided thai
il should not he continued.
The bard money system was tried in regard to iht
public lands. Did IL succeed: Was 1t approved -
But how, and 10 what extent has the OF State Banks
failed ! Has the Governncn, the People lost any
thing by the suspension of specie payments On ih'
contrary, that Wise and sanitary, demand
ed by public opinion the time, and vIndcaied by ht
result ANY failure that has taken place has been t'
e!lrc. rather Of ma! administration than of the nature
the instruments usrd In IF DISASTER il IS na,ura
enough for The engineer attribute the explosion 10 ht
defects Of the machine, rather than Ia his want o
skill There PROFESSIONALLY, however, great or
in the pet bank system which ought be at"gcthc
reformed. That The affairs Of thr Government can be
well conducted The affairs o. the People, by judi
cious Arrangement Of the Slate Banks, do not at 81
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