Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-04-13

able and patriotic resort to such means or TO the petty
policy this bill is intended to prevent Either OF these
modes of operation on too small a scale for him
Like all ereo, end comprehensive minds, he acted on
masses without much regard TO individuals he meant
BY corruption, something far more powerful anu com
prebensive; that policy, which systematically 1avou
tbs great and powerful classes of society, WIN .,'e
view Of binding them, through their interest,", ~
support Of the Government This was the sinse W
iect Of his policy and TO which he strictly ana ieso
lu,ely adhered throughout his career, but when, "n.
ther suited or not to the British system OF 1oVethu'e
IT, as time has shown uncongenia and dangerous 10 ""
ANer the Constitution was adopted, ne was P'ae": ~
the head of the Treasury Department. posloh wiz"
rave full scope to his abilities, and placed ample "
OF his disposal to up The system ne mea''a ,.,
and skilfuliy did he use them HIS htstno. 81
the adoo,on of the funding system. on the ofis" ''
a az ,b;s m. ,yo schools which have ever SINCE M
der one form or another, divided the county, a"' .
viii divide it, so long the GoVernme"t eru", ~ IN
into conflict. They were DOM ]" '''o' " Nv 49,
h,;o r,,b br, fered as TO the mode ct assuming Inc
rrhIo deb and the amount that ought TO be assumed
The poIcv of Hamilton prevailed ! De amountasSuneo
was about $50 900 600; vast sum Tor country so I'M
poyershed and with population SO inconsioefane Us
We ,beh had The creation Of the system, and the as
.unp,on of so large debt, gave decided and power
(ul impulse 10 the Government, in the dreconin winch
il has since continued to move. almost constantly,
This was followed by measure adopted on ms own
resoonsjb in the face OF law, but which, though
a, The time il attracted little attention or oppostcn
has proved the most powerful of all the means employed
in rearing up and maintaining his iavorI'e system
refer 10 the Treasury order directing the recep' o o"H
notes in the dues of the Government, and whlch was
the re, link Of that unconstitutional and unhoy alliance
between this Government and the Banks, that mas ossh
followed by such disastrous onsequencss. i"aVe, :nt
President been accused Of extravaganza IN asserting
that this unhuly connection with the paper system, was
the great and primary of almost every departure
from the principles Of the Constitution and OF tue
10 which the Government has been exposed am nap
py TO have il in my power 10 show mat 10 "U' s'au
nnr attapIi
,racted BY one of the journals of this city, to pamphlet
containing the sentiment, published Us lar oack
as 1894 the author Of which was one OF Inc ploouhues
and purest statesmen TO whom our country mas e'e'
oiven birth but who has not been distinguished IN pro
portion to his eminent talent and ardent PATRIOTISM. In
confirmation OF what assert, will thank the senate,
from North Carolina, near me, Nhr. SranseJ 10 leau
the paragra pin taken from the pamphlet when contains
expressions as strong any have ever used IN refer
ence 10 the point in question
Mr. Strange read as follows:
uFpndipp and banking systems indlssolubly con-
nectsd III every commercial and political question: by
an interest generally at enmy with the common gooo'
In the great of peace and oil fleets ana ARMIES
and Of taxation and navigation, their cries Will ever re-
sound throughout. the continent. Whereas, the undue
bias of public officers bounded by known salaries, and
nersons not freeholders are hardly if all, distinguish
able from the national interest One observation IS al
duced in proof Of this doctrine Paper fraud knowing The
resveness of liberty when oppressed rs under an I'M
pulse To strengthen itself by alliances c Legislature cor
ruption ,ciM ruilarY force, and wih similar foreign
svs,ems War with Britain b. turned 10y 1t to great
account In case of victory military apparatus un,'ea
TO it by large and aversion 10 being ospanoeu
will Be on hand In Of defeat, paper Will cons'l
iue an engine of Governnest analogous to the English
system Can Republicansm satry intrust legislative
ps per junto with the management OF such wal: IL IL
does prophetic spirits necessary To ioele That paper
will be heaped upon liberty from the same design with
which mountains where heGped upon the giants by lie
dissolue junto of Olympus
The next movement he made was the boleest Of the
whole series. The union of the Government with The
paper system not yet complete. central control
!, IS wanting in order TO vetto unity OF action, and
full development Of its power and influence This he
sought in National Bank, with capital Of O0OOOO,
10 be compose principally OF the stock held by the pub
lie creditors thus binding strongly to the Govern
ment that already powerful class, by giving them,
through lis agency increased profit, and decided con
troll over the currency exchanges aud the business trans
actions of the country On the question OF charering
the Bank the great battle fought between the two
schools The long and obstinate bot VIC
tory ultimately declared in favor OF The national Federal
school.
The leader Of that school not content with those
great achievements His bold and ardent mind was not
Of temper TO 81 Cd short of the end which he aimed
His next movement TO seize on the money power,
and he put forth able reports in which he asserted the
broad principle that Congress was under no other con
stitutional restriction IN the use at the public money,
but the general crre and that il might be appropriated
10 any purpose whatever believed 10 be calculated 10
promote the general interests and rs freely to the oh
Constitution. To this he added another and perhaps
dangerous assumption of power; that the taxing
power, which granted expressly 10 raise revenue,
nigh be used as a protective power for the encourage
men of manufactures, any other branch of industry
which Congress mg choose 10 foster; and lhrs it in
fact perverted from revenue 10 penal power through
which the entire capital and industry Of the Union
might be controlled. Congress prepared at that
early eage to follow SO bold lead, but the seed
sown by skiful hand sProut when The proper sea
arrived
When he retired from Office, no controlling mind
left to perfect the system which he had commenced
with such consummate skill and success; and shortly
after under the administration of the elder Adams, the
Alien and Sediton acts and the quasi with France
rs was called followed the violent and precipaie inca
sures Of less sagacous and powerful nds and which
in their reaction expelled their authors rom power and
raised Jefferson to the Presidency.
He in a retormer with the most ardent desire
and the highest capacity to effect reformation, he could
do little to change the direction which his rival had i'm
pressed the The political machine. Econo
nv indeed, introduced, and the expenditures re.
duced bu, the lgatures which united the Government
with the paper system too strong to be bursed
The funded debt though greatly reduced by him, could
be extngushed. The charter Of The United States
Bank had still half its turn TO and the use OF bank
and bank notes in the fiscal transactions OF the Govern
ment, had taken too strong hold 10 be superseded al
once In the mean time, the agitation caused by the
gigantic conflict between France and England reached
distant and peaceful shores and the Administration
was dIHOSt eaCiusiSeIy oCCuppu W P'S'eo'
agsrcssons on our rights and preserve neutrality.
To effect that, every expedent attempted; negocia
ton, embargo, non-inercourse, but in vain War fol
lowed and with it all hopes Of carrying out the reform
contemplated by Jefferson when he came into power,
failed.
When pence arrived, the country deeply in debt.
Capital and industry had taken directions in con-
sequence of the long interruption of foreign
merce and the public attention was completely divert
ed from The questions which had brought into conflict
the two great political schools and which had long
divided the country.
The season had arrived when the seed which had
been skilfuy sowed by Hamilton, has been stated,
began 10 terminate, and soon shot forth with the
vigorous growth. Duties came 10 be imposed without
regard to revenue and money appropriated without
ference to the granted powers Tariff followed tariff in
rapid carrying in their train rroluson of
aco cnEal