Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-03-23

s,~~. 10 renounue lug cherished prln.
cipes, vote for Mr.. Clay, in preference 10 him. in
Is4O The present Chief Magistrate is opposed to a
National Bank, and the Republicans Of Virginia.
because they believe, (as does Mr. Van Buen that such
institution is unauthorized by the Constitution and
dangerous TO the stability of free government. What.
ever diyerstes Of opinion may prevail among the Re-
publicans, 10 The expedency Of adopting The Sub
Treasury system there exists none, to lis consttu
tionality Should il be adopted the benefits anti.
cpated by ills friends the evils appehended by its
opponents, would become apparent If the system
should prove conducive to proper management Of the
fiscal affairs Of the Government, and incidentally pro-
the prosperity OF the country, would be sustained
while on the other hand If defects errors should be
developed they would be speedily exposed to the public
eye and the appropriate remedy be applied by Congress-
A law establishing the Sub Treasury scheme might be
modified repealed by Congress at any session; yet
gentlemen invegh against all Independent Treasury, as
If they believed that the law creating il would possess
such peculiar sanc,ty that no considerations Of expe
diency-no necessity however urgent, would induce its
repeal amendment-but that adopted il must be
regarded as possessing perpetual vitality and bidding
proud defiance 10 every effort OF patriotic correction OF
legislative control.
The evils be apprehended from the establishment of
Independent Treasury sink nlo insignicance when
compared with those likely to flow from the creation of
National Bank. Have the people Of Virginia changed
their opinions and become friendly 10 Bank: II
not be believed Can they allow themselves to doubt
for moment, that if the Wings succeed in eectng
Mr. Van Buren, from office at the next eecton his sue
cessor will recommend and sanction such institution:
Can they have forgotten the eoquence, the ingenuity,
the perlinacity and zeal with which the Wings have
heretofore vindicated and upheld the expectancy OF
National Bank? Will they confde in the declaration
recently made by the Richmond Wing, "thata National
Bank is almost universally abandoned or will they LOOK
to the opinions Of Mr. Clay-the hagnus Apollo OF the
Wing party? "StroDg my convictions are (sald Mr..
Clay in The Senate of the U. S. in May, 1889 have no
intention Of formally presenting any proposition 10 esa
blish Bank Of The U. S. Composed as Congress and
the Executive Grsi would be useless ,oaSts o. tune
TO offer proposal TO establish Bank. Mi G. thus gave
TO his friends implied assurance that under favorable
circumstances, there should he unnecessary waste
of time in bringing forward ga proposal 10 establish
Bank" Among other remarks, Mr.. Clay said, g |
believe Bank is desired by The people OF the u s.
But of that there does not exist perhaps any conclusive
evidence. Let wait until demonstrations OF their will
shall be clearly given" Mr.. Clay feared that the pear
was not "quile rpe;" but lest his friends should be.
come Respondent he exhorted them to have patience
little while longer and in due season, he hoped The
popular " demonstrations in favor of a Bank would
amount 10 conclusive evidence" Will not the friends
Of such institution regard The defeat OF Mr.. Van
Buren, and the elevation of Mr.. Clay or any other
Wing 10 the Presidency sufficiently conclusive evil
dence that Bank is desired by the people Of the Uni.
ted States: | believe the Opposition want Bank,
and will have one, if they only WELD the power OF
this Union colossal Bank is their lever OF Archlme-
des with which they would seek 10 control the agrlcul-
ture commerce and manufactures of This country and
leave ultimately the semblance and shadow, with
the substantial blessings, of free confederated Re-
public.
have now Mr.. Editor exhausted my sheet and your
patience. My remarks have been extended beyond my
intention, when took up my PEN The two hrst para
graphs will be sufficient, for publication as they Will no.
lily my countymen ofmy inability TO accept their noml.
naon and feel desire 10 respnss upon your columns
Your obedient servant,
R. 7. HUBBARD.