Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-03-05
TUESDAY. .Yz.gRCE S, 1889.

of a grateful people to public beTefaclor Dd they
believe that he who had been false to ms own oes.
friends would be TO item! II they thought So u
vas blind nlalualion, for which, will not hoin lhen
gutess Sir. the trumphnl progress OF zen. Jackson
through New England, at The same time mat II os'rf-
ed his opposition 20 indulge his sefw will, u gave MN te
popularity TO effect his purposes II, OF one, ana Inc
Time turned his head and the heads Of the people
We have been told that General Jackson POPULAR
~ and consequent capacity for mischief was OWING |"
his military fame. There never was greater nis'ahe
IT is true the people grateful TO him tor ms serV
in the field But that gratitude aln"e wouiu never
have given him the hold which he had upon their aec
,inns There many which combined 10
make him popular tls supposed free, open ana o!uht
candor; his military service, and snerngs; Inc means
BY which he was kept out of the Presidency IN Io%f'
his professions Of the most popular doctrnes-i"r ne
made himself popular by the profession OF popular pt'h
cpes, before he enabled 10 make whatever he re-
commended popular; By his dealing in an ombdexeroos
phrase"ogy whenever he spoke Of measures OF douo'n!
popularity; and last, though not least, the halo which
was thrown about him, by the public professions and
ceremonies; by the pomp and circumstance which at
tended his visit 10 Ne. England in The Summer OF 1855
Hence il that when Gen. Jackson, during that
very visit removed tie depnsiles from the Bank OF the
United Safes. he did it with perfect imPunIiy II 10
true that that most sensitive OF nerves, lie
pocket nerve, was touched, The leaders were brought
back their senses hu; II not so easy 10 lestore
the penpl:he rank and file. who could not see that
Gen. Jackson deserved such commendaIipn when he
he ton"unred and damned cr lfampiing upon the pr
vilrres n mere corporation, even 1t dir.dendS were
the.@hy impaired.
Mr. Speaker have detained ycn long upon the
important epoch Of our history. the events n when
have been discussing. that shall hasten as raPoy as
possible over my remaining topics
The next Tsat public Transaction TO which desire 10
call your attention, Tor the purpose Of exhibiting hr
Rvess conduct in relation 10 it, is The removal Of the
dpposlps Of the Government from the Bank OF the \
Stale bpfD he nj
Gen. Jarksun recommended 10 Congress That they BIZ re-
moved the Bank n the L. States; and assigned AZ
reason for thr accommodating that they were unsafe
BY bridging The subject the attention o Congress, end
asking 10 them to be removed he recognized the
jurisdiction Of Congress in the matter aud by placing
the recommendation solely upon The grou'd that they
unsafe IN The bank when there were many other
reasons such he afterwards gned when he ordered
the removal lie pedly admitted that financial reasons
alone ht 10 be acted upon But Congress- by an over
whelmng majority, declared that they were sale IN The
bank and refused 10 order their removal The President
dsre garrd the will of Congress upon the subject and IN
the ding October ,ok upon himself to do what he
had asked bn what Congress had refused to do. lie or
dered his Secretary Of the Treasury 20 cause the deposies
to be removed fr"m The Bank Of the U 5 and placed
upon depcs:e in the Stale Banks The Secretary, be-
pving that under the law. ne responsible III thu
matter refused to execute ihf President mandate. lie
,heeupon removed the Secretary, and appointed sue
ccssor to carry his will into effect The dePosItes were
removed from the Bank OF the United States and placed
in depose lhe State Banks; with which the Govern
mpni entered into such contracts as made them conf
rlrrly the creatures Of the Executive
This OF the Presidentcrea'cd throughout the ccun
tIy the greatest CONSERVATION II met, from all quarters
violent opposition 1t opposed ls Because The right
of the hank had been amped upon The back had gwen
the Government heayy bonus for lis privileges, among
which the drp0sn Uf h" pubic money, ana II was
insisted that as lon az dis duties 10 the irpa
sury II entitled To enjoy oh OF the benefits under lis
charter. I'd. All Of those who believed that Congress
had power to incorporate bank, insisted ortiOft,
that The Executive had such pGwer bank charter
nothing but contract entered into by the Legislature
with the curpoIat"rs and it was commended that cen
tract entered INTO by the President with banks ncOpo
rated by the States, by which! those banks were nsde
agents Of the Government end subject 10 lis control to
all inents and puTposes constituted such banks much
Bank Of the IT, 5 if The contract had been entered
into by Congress in the form OF charter. Al these who
adopted this OF reasoning disdaued TO place he pb
lection To the consuonalIy of Bank of the L. States
upon tie technical footing, that Congress has right 10
cieute cnTporaOrs. 81 Il Was commended that through
The insiruneniGly OF The contracts entered into wih
the Banks which were selected as repositories, 8rG
through the hope, and fears OF such banks not
thus selected, The Executive would get the control, not
only of the money derived from the revenue OF the Go
yernnrnt. but Of the entire money power OF the ia
lion 4th 1t insisted that such contracts were hos
tile to Stale Rights, lnasmnch as the General Govern
men, might thereby cOuto State institutions and contra
the settled policy of The States But the great on
rctor taken 10 the by Stale Rights politicians,
was, Tint II originated IN the assumption That II was Inc
duty of the General Government to regulate the curren
CIV THIS assumption was the leading Characteristic OF
the measure. The President told Ms that the Bank oil The
u S had not fulfilled the expectation OF It's friends, in
afurdlGg a Uniform currency and v regulating The e&
changrs and he insisted that his Stale bank system would
produce these results IN higher degree But II IS nnnr
cCssary detail. The right and the duty, not only
ofibe Genera! Government, bul 9th" Executive branch
Of regulate the currency, wa5 he characteristic o
the measure. will not he denied II was against this
Unconstitutional assumption that the State Rights Party
IL, Ia hi Of thl lent
RIvrs gave his hearty support and in defence of II he
made one uI his aulcst speeches Notwithstanding lie
vas opposed the Bank The United States upon the
ground OF IL, uncoEstuonallty. yet IL supported Gen
jackson his Pet Bank sysit IN, winch was equally un-
constitutional, according to his own showing on late
occasion, in discussing contract entered into by ;tc
presri,; Administration with the Bank OF the U States
winch was similar 10 those made with the Pet Banks
| quote and this head adopt his argument
"1htse questions acquire still graver character and
deeper interest from The significant sPeculations IN
duiGtd the appearance Vi Mir BIddies letter by ce-
tain lead ng journals known 10 be friendly to The Bank,
and supposed be, less, convrrsant with rs
views One of them, CONNIE ming The letter o. The
president vi the Bani, soys the Bank WILL no doubt,
IN the o short Time, by lnsens6le process.
become the fiscal agent Of the Government. Another,
with reference 10 The letter, 1t will br
ious and not improbable spectacle II see through
the inslrnmsn,a!y of concurring circumstances,
National Bank rcsiGLlishd without the action OF Con.
PRESS DC Il .huvnai Bunk re-sSutiished ,cuhout tie
action IF Congress-! What easier simpler tbSn
10 do it, by the nSeuSc process already commenced:
Let the Executive at lis own viii and pleasure,
adopt thu Pennsy vaTia Bank Of the United States
the fiscal agent and depository Of the Government
let il join The weigh, Of the public revenues TO the al
ready enormous cnpItaI pf That nsuli"net ii snper
add the credit arising from The connection with the 90
vtrnmen 10 the extensive and pefvodng operations IN
which the Bank is engaged throughout the Union, and
have YOU National Bank established 10 all ntens
and purposcs-re established ,cout he If
Congress, and in despite OF its authority: and would 1t
not 6c National Bank Of The most dangerous and
possible kind: Cfealed by the fiat OF the Executive
alone allied with the Executive and dependent
the Execu;iye-whout any VI those guards and secu-
rites agsinst abuse which the legislative authority would
proylde-no committee of Congress to examine and re.