Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-15
THE TRUE ISSUE PRESENTED IN MR.. CLAY'S
LEXINGTON ORGAN.

The Richmond Wing and other Southern journals in
the neres, Of Mr. Clay, have again and again declared
that he had given up his project OF National bank
To these honest instructors OF The South III regard 10 the
schemes of Whirgery, would commend the following
article Of The Observer and Reporter. II now deems
further disguise useless:
(From the Lexington OJserrcr IF Oct 3OJ
awe said That the American system Of banking, 4,
the present time was false. True, says the Advertiser
and reoices that make such an important adnsson
We said thatrIt and must be- cured Just SO, says
the Advertiser Houro We say by Bank OF The U.
States Not so, says Mr. Van Buren-no so, says the
Advertiser. The Sub Treasury must do il, says Mr.
Van Buren,. Not SO, says tho Advertiser. Tha. paper
is now for Mr. Rivess plan Of Reformation Of the cur
rency II adheres TO the State bank system, with mo-
dfcalions, and for the purpose of making the mer
chants Of Louisville believe that il s not against all
banks IL makes that plan cheh IS n0~ discarded Gy at
most erry jaericdn statesman, and actually teercs That
By SURPRISING small notes tie radical cells Of Can.ne
system may te cured
II is useless however 10 disguise the true issue. II
asa Bank Of tho u. S or no Banks at all. We cap com
prehend no other ISSUE if the President carry his
views and the views Of his friends. The plan OF the
President simply leaves the country under the operation
of the State Bank system which must 90 down, because
Of its admitted incompe,ency TO furnish sound uni
form currency.
When the Editor Of the Advertiser writes again, we
should be gral6ed to find him meet the question openly
Are you against ali Banks? Are you for return 10
gold and silver the exclusive currency Will you 20
these alternatives rather than Bank OF the U 3
chartered
To this compile XioD must u come Of last
Ii is thing to talk another act Ii is thing
TO deneunce all corporaons-anolher 10 carry out your
denuncaiions by Legislative action.
II is one thing TO create political capital by artlul sp
peas popular prejudices another to act out these
views, under the solemn responsibilities Of an oath. |,
is one thing and popular wthal TO cry "down with all
Banks" and another to look calmly, statesman, At
the terrible consequences Of this naanmaory exclama.
ton.
These important differences will soon be most forciby
exhibited in The course OF The Senator from Jefferson
the beau ideal of perfect statesman in the view of the
Advertiser-the leader of the Van Buren, party in Ken
tuckyand get The father Of the present banking system
in The State, well Of The system OF internal in
provements.
You will see it further exempiied in the course OF
Gov Porter OF Pennsylvania, who tells the Attorney
General TO keep down all shinpasiers but whose letter
breathes the kindest and concatory feelings to-
wards these detestaJle corporations.
In ine he who has eyes 10 see and keeps them open,
will many strange sights before three months pass
over.
In this article it will be seen that emit Ryess plan
10 utterly abured We told by the party that
put up with it merely ga haf aoay house that
that is time quit and press TO the end Of the Jour
ney. We told that it sis discarded Jy almost
e0cry american statesman -"that the State bank system
annsf go docH, because IF its admitted tncompeteney TO
furnish sound unform eurrsneythat q" is useless 10
disguise the true issue. is BANK THE u. S. on
NO BANKS AT ALL.
This utter abandonment of the half way house BY Mr.
Clay will not think, part company between him and
Mr.. Rives late number OF the Charlottesville Jeffer.
now and then bears the impress of his pen EDITOR