Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-04-20

prevent individual creditors from demanding SPECIE and
have authorised the collection of their in the
notes Of even non.specle paying banks Most OF them
s,iIl employ them as repositories OF the public money.
All these manifestations Of confidence IN the banks
have been exhibited in Virginia especiaily-and yet
there are still men found in Virginia, who vote for and
Justify all these measures OF indulgence, and yet clamor
for divorce Of the Government and the Banks; pass
Indictment upon the Republcansm Of those who wish the
General Government 10 submit to the same lnconvenen.
ces with the States and the people, and even have The as
surance question the motives and sincerity OF those who
will not 20 with them in their crusade against the exist
ing institutions of the country, against the practice and
nrncpcs the Government from 1890 The 9TH March,
S37 and who will not unite with them in the senseess
clamor about monopolies, odous corporations, metallic
currency and rag barons, more worthy OF the age oil
Jack Cade and the region Of Turkey or Agers than
freeJand commercial country in the 18th century And
what is very worthy of remark, this llibera and bigo
ted adhesion 10 the SuhTreasary system comes from
those Who less than three years ago, pronounced That
project calculated TO put into the hands OF the President
the Of corruption, and so enlarge Executive pa
tronore as 10 give Just Of alarm 10 the Republicans
OF Virginia and the friends of State gifts every where
have overlooked in its proper place the course which
was taken in 1886 for the disposition OF the surplus
nue. which had accumulated 10 frightlu amount 1t
was anticipated that there would beion The LIST January,
1887 upwards of forty millions Of public money IN the
Treasury. The mischief and danger Of such a condi
ton Of the Treasury apparent TO all Alter much
anxious deberaon bill passed The Senate, directing
all the surplus which might be in the Treasury on the
Ist January 1897 be distributed among the States on
deposi,e for which they to give certificates OF de.
pose and authorizing the Secretary OF The Treasury 10
use those certificates raising money whenever the ne
cessties OF the Treasury required TINS measure al
though unexcep,onabe in some respects, was Deem
ed by very large majority of both Houses of Congress
the very best for arresng the evils arising from The nccu'
mutation of so enormous surplus ltencounered even
after its passage through the Senate by more than three
fouhs Of the members present. the most oPen vehement
and undsgused hostility of the President who, without
the least reserve, declared he would veto It, motion
made by myselfo the rules in s
bill out fits turn in the House demonstrated hat would
receive the sanction of that body also, by vote OF more
than twohirds 1t necessary therefore, either to al
Ter the BILL so as give The President an opportunity or
apretext for backing out from his threatened veto or e1
pose him 10 the modification of having the bill enacted
in spite of his veto An amendment was therefore con
cocied, which, while it manitestly made the bill much
more obnoxious the principle on which the President
opposed il, to wit that it was distribution IN efect'
though deposite in form-was yet urged upon Inc
House. on the ground that would avoid the Presidents
veto. steadily opposed this amendment It, however
prevailed And it is owing to that feature in the BILL
that the public money deposited with the States has been
unavailable to The Treasury, and will now, probably