Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-12-18
TAOS NJ. BONDURANT
FOX TIE E-!t LINE
TO "a MEMBER

Yor ask me the question, But, suppose Mr.. 9;ves
should actually prefer U. s. Bank TO Constitutional
Treasury, would you then support him Suppose the
financial policy of the Administration should settle down
so as 10 compel I choice between U S. Bank and
Constitutional Treasury would YOU Sir, haze the Lee
gislu,ure Of Virginia TO elect to the Senate Of the u 5.
one who, in that contingency, would prefer the Bank
answer in all possible frankncss, that If believed Mr.
Rves would under any circumstances sckGcrcr advocate
the establishment of National Bank, would not sup
port his election 10 the L. S. Senate. would not
support him. If believed So for Ieagons-fst. be-
cause of my nrincibe opposition To such institution;
and secondly because of his ap0stacy from his prin
cp!cs often avowcd privately and publicly upon that
subject Having thus very candidiy answered your
uures will proceed 10 show that ii YOU Gcsyy
regret against him. deariy (you) hare pi:ed
him, there is nc; even the sembance OF reason why
Won should do So upon the only ground OF obe lection you
urge against him. That objection is contained in the
following words: snow, charge that Mr. Rlves s pre-
pared 10 70. u. S Bank if be necessary, to de-
feat all Independent Treasury. The question has been
put to Him. and he is silent. The numbers ascTibcd 10
him in the Charlottesville Republican, and ackno"y-
lodged to define his position alloy other conclusion.
lido not profess know whether you right wrong
in altrbu,ng the numbers alluded TO- to the pen OF Mr.
Rivcs but you make them the source OF Information
condemn him, it is but fair that should resort 10 them
for the means OF vndcstinG him from the charge Of IA
yarinc National Bank. On the 9Th page of the printed
pamphlet containing those numbers, the author boldly
and explicitly declares. Neither the Conservatives
consent TO Weld ;he sanction 10 National Bank They
ri,y toesiabsh such Institution Thcy believe more
over that such an institution is attended with serious
dangers, by concentrating, in the hands of single
" corporation, formidable moc!ed power which may
be directed 10 purposes Of great mischief, affecting
both the pecuniary prosperity and the liberties OF the
country. Its presiding authority being, Of necessity
" confined to particular parton Of the Union could not
be expected 10 consult alike the varying, and some
times conflicting interests of the different sections
and its local branches being all controlled by that au
thority, acting BY command and in pha!anx, rs MI
Jefferson says in his oiten.quo;ed letter 10 MIR. Gala
tn would carry into their respective administrations
the bias Of the parent institution and az unity and
combination Of movement which w0n!c give powerful
efficacy to that bias, whatever il mig! be. Expert
ence TOO has shown, TIM; whatever conrenenceS, IN
some respects mag attend such an institution, Il would
evablv expire al the close Of its term, in political
convuIson, agi;ang, far and wide. The eie'enls ct
society and giving of necessity an injurious shocS 10
the business concerns and Industry Of the ceunTy-
s:The Conservatives than, decidedly opposed both
to National Bank and The Sub treasury Scheme.
Here, Sir, you have frcm MIR. Rives las you sayD
most powerful ard conclusive argument against tae es
,abli.hmen, Of any National Bank. He empha!cai'v