Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-06-12

not been able IL cel their engagements. III Their too
eager pursuit Of gam, who blame but themselves
The Government did not control their issues, nor has
1t taken away any of their means 10 meet them
On the contrary, since their suspension q specie pay
mems what indulgence has been refused tie part OF
tn" Government, That rhr. warimrst friends have re-
qu:red consistent win the avs and the safety u! the r."
veDur2 What functirDurY of the Guyernnlent--what
member this floor, The oaer wing OF the Capl.
io has expressed hostility 10 these Institutions:
The real ground Tor off nee he whole exists in the
proposition 10 separate the Government from all CON
nection with the banks The banks do not like the
pard'"nand because IL proposed by the Government,
they declare that il IS /" have nothing 10 do
w'h and 10 leave them unmo'tsed, in The full
enjoyment % ali 'hetr Chartered privileges il ntrocous
hpSi!y 10 aVo!I ihem--tn .!y away from their agen-
CY assistance To make ''mOral conflict with
them. The GoveGnment on asks. what The humbIest
czen has right 10 require. that il should he lei alone
10 manage ltsf"n fiscal affairs in its oyvn wsyhut the
banks and The capitalists NJ" not let ~ G!uHe. B!ley
insist thai they shalt be taken into the Government and
Participate in managing It's rcvsnuesand because tie
Government declines their Intervention operation,
they proclaim th"l they and the Government are IN
the field, face In ilce, ami that tie other must
perish Whilst ALPHABETICALLY crying out that thcy
pursued, they fact IN combination with the great
Fedora! party "i the cuunlry, hunting DOWN t!le Co
yernmeni, and slormng the battIrm"nts 81 the Consll
tuition for lis over throw Sir, although distress brings
confusion, and III times Of trouble the people most
liable IL Ee deceived, will be impossible 10 conceal
from them The true forced Upon the country,
cuTdEg 20 the Wanting declarations ui the banks them
selves. is a contest between The banks and the Go.
yrrnmentlhe capitalists and the people The Govern.
menl and the people to whom The Government belongs,
the defensive, aid trust they " III calmly Gud
mm,"s3!y remain fhr demands the side
are, another United States Bank. capable of controlling
the Whole currency OF ttr 5runtry-ur 4 connection
Of The Government with the State banks On The other
side, it is insisted that the Government has
r;ah, Itself with bauks than with individuals;
and that an absolute and entire separation from them IS
rI.,l ,.ft Ia
ga lans aud The assaicd
To divert attention :nm hci: aEgressions and
designs it has been urged by The banks, that by the Co
vernm"nls separating Itself from all banks, cO:et
measures nj hostility nadlatsd BY receiving IL pay
m"n ot the public durS nothing but specie or its o"n
paper, designed 70 bring til" whole currency OF the
country To gold and silver and thus dispense with all
bank paper and secondly by us:n. lis own paper il Is
intended 10 supply paper currency the part Of the
Government, Tor the Who'll country, and thus destroy all
bank paper. Neither 81! these assertions have any Oun
dllIuu ~ fact; and are truth, inconsistent and
iagpnIsCa 10 each other n Inc Government should
ssu" paper currency whch should he substitute for
Ill the hank paper III circulation. how would the cfcu-
IatIon b. 4 metallic cIrcuatiun: And if the
Try is reduced Il metallic circulation. how could
Government paper CURRENCY lie ~ circulation; My
colleague has dwrIl up"n bot" CT these points He has
g"ns cahO!ariy into statistics To slIow how praCtcab.
for the Of the country, would Ire n currency Of gold
and SILVER without any pnprr IN the form "f credit IN
circuat Sir he should have first shown, that TPCeiv
neut would have the efc Of destroying all tic solvent
banks in the c"nntryabol'slng all credit. and rrduc
Ing thu currency Ia nothing 3ut gold and silver Accord
iuy tn most liberal calcull the Treasury. under
such pIlicy, vii! not rrqHrc than ten millions Of
specie 10 carry IL operations; ard this according 10
le plan proposed Gy It's friends ill bs gradually Ora
in seris 81 years. from the metallic supply Of The
whole world; whilst there a in the L 5 alone at the
present time. not less than 30 mjuns of dollars TO
rrg"e GraGrly that sIch can produce such an
effect, and luat. Hv the employ meat f. 10 millions Of
sprci'. the Government designs forcing upon the
try o! no other currency than gold and silver,
and pTGsraon Of the banks and all credit is pour
compliment tn The sagacy u! he Government as 1t
II The intelligence Of the people. Sir have never
yet The 'lner ~ or ont Of Congress. who has
ntliurd the pr"Pr!ry possibility Of reducing
this great and eu!rrprsng country 10 nsie hard mo
nrr currency. u y0u were 10 abolish lo morrow every
bank N tie land pap credit the shape Of the
81 individuals ur s0mr other form. would crowd into
your circulation Is il not remarkable. that gentlemen
should br eager TO altacI: what nobody Defends
They stun up mln u! straw, and then snow their
dexerily in shooting il down And that other diver
from the issue before the c"uu:ryrhat tn"
Government designs To establish 4 Government hank.
aud 10 destroy the State hauas by substitution Of
its pape' IN the place Of theirs where Is the proof
OF any such design: In The drstu'I"n Of facts. even
the paI,ry and carefully restricted issue OF Treasury
notes authorized by the bill before ynu has been relied
on 10 make out the chnrge In another part Of this
building the same charge has been made, brcnusr the
Government proposes To- DO what II has done since
it established draw u?on It's own fundsa Prvi-
r-r undened tnrhp hrnbest citizen OF the The
ONLY measure which gives thr least semhlance 10 any
such design. measure proposed not 10y the Govern
meat. but hY myself. nj the extra sessi"n "i Congress,
and voted down by large nnirry-ihat bills rcceva'
bic, IN payment Of the public dues slnn'd BE- issued in
stead OF Treasury noes hut this measure was intend.
cd l., tie confined strictly wIt,Ilr the wants and U;
tiurS Of the Government There rnpd capt.
no dscounting of notes or dealing with individuals,
proposed Sir neither the hanks the capitalists of
the country believe that se designs exist towards
them the part Of those oppose their association
with IN" Government refuse 10 bend ii before Their
ambitious and selfish prcIens"ns. We intend TO main.
tain the banking institutions oi the states III all their
crs nd privileges with much fidelity and energy
they eviuce These mere tubs TO the whale-mere
pre,cxs divert the attention Of the peupi" from their
true Grsigns They know that the banks rest in security
brnpath the protection OF the State soveeignes who
aed them and 10 whom alone they responsible They
know that there are no. 20 this hror who would
consent that this Government shoud touch. much less
destroy hpln and that those who most strenuous for
the separation Of the Government from all banks, op
pose the re.esia5!shnrn Of al United States Bank
(ihrr panacea for all the ills Of the CURRENCY expressly
uDun the ground that nis Government has right, by
the establishment Of such an nstn'nn, TO enter the
States and cripple crush tie banking institutions
ihry i,arp established Not then upon policy only, but
upon constitutional principles, necessarily the fast
friends of the banks Of the States. SIR. the capitalists
are III hruson 10 this matter These pretrXis arc
but lcinrs in The battle In disguise The G" pnint OF ut
tack II they succeed N making ia" people be.
icvc that they are the party wrcnged-lhat the 'o'
vernnait and NJ" their own mprudrnce and wsskness
caused them TO fail in reGeemng their PROMISES ana
that il is seeking hei! destruction; why. then Inc
more confusion and distress the people, the greater
the odin to the Government. and the more power they
will possess OF accomplishing their design OF controlling
its arna and making cnntrl5pary I" their creGit anu
ACKNOWLEDGEMENT Hence the violent and sudden contac
linus and exprnsinns in the currency few years since
hy which thousands injured or ruined Hence The
inuurnerable suts which crowd the courts ct me coun
,ry on the part Of the banks, whilst refusing TO meet
their promises to pay Hence me re'nsa ia'e'y 10
resume sprcie paymens Through the Ogitalion5 Of
distress and the Of tears. the people are to be con
and blinded and the Government to be struck