Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-24
TIE 4llRESS.

THE ADDRESS.
We deem it duty to lay forthwith before our read
ers the Address which adopted at Washington at
the close of the last session Of Congress by most Of the
Republican members Of Congress, and signed by the
Committees in their behalf This Document is written
in moderate spirit; in lucid manner and with much
ingenuity.
We subscribe with great cheerfuluess 10 all the ee
menary principles with which it sells Quito the ire.
s'stlhe arguments which it urges against Bank OF
the U. s., both grounds of cons,itutIonaiy and e1-
pedencyNe Subscribe 10 the objections hch urges
against Treasury Bank We subscribe with the same
cordially To the objections which presses against 1ais
ing money The people, 10 be used for banking pur'
poses 10 lis being used IN that manner-and We suo
scribe 10 all that II says the Abolition Question.
We DISSENT, however, from much il urges on The
Subrr asuIy system IL has shaken in the slightest
degree objections 10 the The score OF lis
increasing the Executive patronage, hch we still think
"has increased increasing and ought 10 BIZ diminish
ed-We conceive the fra rlers Of the Document before
us. very much e2aggeraie the influence which the TX
ecuive would derive from proper employ and wise
selection Of the very few State Banks, particularly
they they should be, special depoe Banks which
the Treasury may rPqnre-whe undertakes The great
and growing enlargement Of the Executive patronage,
which the SubTreasury system is destined 10 assume
beginning at first like he mustard seed, with few Re-
General and several Special Receivers, until It
spreads into many Receivers OF both descriptions tits
strange, that the authors Of the Document should
make so light Of oil the objections which urged
with mech force and success, when the scheme
originally h'oached by the Wings These objections are
mot got FOR effect but they were urged with oil
the force Of language, and all the triumph OF truth but
four years ago, by the great Republican party; among
which, we were then happy 10 operate on this very
subject with Of the s!gEfrs OF the present address
We contend, also, that it has not done justice 10
the greater security of the public funds in the Special
Depnse OF The best conducted State banks than IN HE
hands Of the public agcnls-whose purity We are as
anxious TO preserve as the committee themselves, by
keeping them out OF en2slion.
5nI wa az
the Adhesive content 10 enter protest against
its SubTrssury Propositioneaving it to other pens,
II they think proper, 10 enter into The dscussnn.-
If the Address had made the issue, which has been
lately made in another highly respectable quarter, viz:
of separating the discounts from the deposlles we
should cheerfuly have gone with il. and rallied
all our energies with these Republican Brethren, in
its defence. The Address argues great deal and with
very great force, in behalf Of this poposton-And in
passage ills authors declare that 1--WE are IN iavor
of such changes in financial system, will efectu'
ally prevent the application of The public money TO p'
rate purposes. The means of accomplishing hts graz
REFORM of ieJ importance than ne end 10 be CtHln.
ed We, too 90 for the end, but we differ
-nbout the moons, we have the misfortune 10 differ
with them about the consequences oil their e1peeI
.en,. We should contend in the first place, that The
keeping Of the public money does not prevent It's appl'.
cation TO prrutc 5urposSthat the Receivers General
or Special Agents Of the Government will themselves De
tempted sometimes to the public money, and abuse
their trusts-and that law be made TO prevent 1t
in all cases whatsosrer-But contend IN the End
place that Special Dtpose in the State Banks may be
40 guarded as to proven. the Of il by the Banks
following up it ought be- by frequent settlements
and periodical conserlJ!lity Of balances into sPece-snd
that this measure too calculated 10 check the overIs
sues per- and increase the specie circulation Even
this Address admits hat'a places where ght be more
convenient the Of Me baak buildings fhea'elres could
B. secured. still preserving The public money from PIRATE
uses" Why not, then, where is convenient specially
deposi,e The best conducted and best selected Banks
reporting every change Of depose with thersasoas Tor
it TO the very next session Of Congress- IN word
still prefer the Special Depo<e having more advanta
yes ind fewer objections II is tie Presidents next best
measure. Ia fact, the New Heaven Columbian Regis
ter Of the l4,h, lately Sub Treasury paper. ex
presses ideas precisely "a the following para
graph:
THE Iionss Of Representatives., the casting vote
Of the Speaker have decided that the public money
ought nog 10 be mixed up with other funds and loaned
rat BY the banks when placed in deposite that The rea
surv in short should be separated from the specializing
operations Of individuals And although no law 10 that
effect has been passed, yet such expression OF the
opinion Of Congress is worth great deal in times like
these That opinion have doubt, Will be second
ed by large majority Of The people at the polls II the
banks are hereafter used posllores n the Treasury
let the money entrusted them be regarded strictly
d,post. not loaned them 10 speculate upon or 10
be passed into the hands of their speculltng friends
There many subjects, and this is one of them, on
which public opinion is slow to actit may be turned
from the track for time, by ar,ful deEoagogues-
hnt in the long run, it will come ri ght.