Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-17
POLITICAL.
(From the Charlottesville JeGsrsOnian Republican,
PRINCIPLES AND POLICY OF THE CONSER
VATIVES-TNo II

(fTOn the ChdrL0tteSrtue JcUeTSOntdn NrpuOtcdR)
PRINCIPLES AND POLICY OF THE CONSER
VATlVES-[No u
The position occupied by that portion OF the Repuhi
can party who have been separated from the Admins
tation leading and fundamental question OF publ"
pocy aud the they shall deem it their duty here
after 10 pursue, involve consequences Of so much IN
portance the country and themselves, that public
enlion has been drawn upon them with an unusual de-
gree OF interest and curiosity. Under these crcun'
stances we propose from time to time, as our engag
sncnts shall permit, to address to our ConSnratr
brethren Throughout the country the views which haV
occurred 10 of the high duties imposed upon ther
by the public crisis aud their own principles. TIL
position they occupy is IN our opinion, the MOBILES
To which virtuous aud patriotic ambition
pire With numbers too few to compass any oblec
Of personal advancement for themselves, they yet hole
the balance of power between the other Pndng
ties aud are thus placed in situation TO arGrac ever,
Que ston which shall arise, for the real good OF the ma
lion. Their mission is, 10 watch over and to guard tn
interest OF the country from every assaian and IN thu
terms OF the greatest c0nfird to Roman patriotism
(darenl operan ne quid respubca de,rmenti caperet
TO see that the Republic, in no ercnt sustain any detrmc
Let them up their high calling in the sPri, d
men and Of patriots and With the conscientious courage
which The occasion Demands aud the day not distant
when in despite of temporary denuncation, they viii
be hailed by the general voice The benelactos, ii not
the savnurs of their country.
To form u jus, estimate of the position of the Con
seryaliyes and Of the duties and responsibilities devolred
upon them il is necessary 10 retrace events tor u r"
years past, and particularly The circumstances in which
their distinctive existence had It's origin The most pro
mnenl feature in the policy of the late Admnstra
and The general ralying point of its friends, oppos
ton 10 National Bank and support Of the State nslltu
tons When ii resolved 10 put end TO the Bank
of The United States became question OF the highest
importance to determine what agency to substitute ior
that institution well to conduct the fiscal operations
Of the Treasury, 10 supply and regulate the genera
currency of the country. Upon the mature consi
dsratiOn and the fullest advisenent, the State Bauk
were be the proper and only practical sub
slilute, and sy slemac plan for their employment was
devised aud organized They confidently pro
nounced by The highest official authority, to be competent
to every want OF the Government and The People,
bic of supplying better currency Than the Bank"
the u S. did, aud above ALL recommended by the cons.
deralon Of bang exempt from all danger OF poIi,Ica
combination ur corrupt influence. The system
cordrgly adopted and went into operation ltreceivct
The warnest euloges, year after year, Of President Jack
son in his messages TO Congress lis advantages wee
sedulvusy forth by the Secretary IF the Treasury
his official reports and was sustained and defended
elaborate reports Of committees of Congress, as well
in speeches Of leading members of the AdmnisrnIi"
party II in truth the system ut the old Repub!icn
party both 1881 when they arrayed themselves agans
The establishments Of the first Bauk of the U. S
again in 1911 when they opposed and prevented the
charter of that institution Thus sanctioned and rrc"u
,nepded il became touchslone Of Republican orthodoxy
and the whole party, friendly TO Gen Jackson s admin
istraon, united in support of the fiscal employment
the State Banks fundamental measure OF the party
While this was the Administration policy, portion
the Opposition or Wing party brought forward, as an an
tugonisl proposition scheme for discarding the ngenc
of Banks altogether, committing the custody of the put
lie monies individual agents aud collecting the revenu
in hard money aone-in other WORDS the scheme whic
has since become universally known by the name
the Sub Treasury Schemc?> No was this schrm
preached by it's Wing advocates, than denounce
i'm the and under the authority of the Admins
tra,ion iraught with ;he most alarming danger to h
public liberty by enurging Erecutire poeer and putting
in its hands the means of corruption lransern:
the public money directly into The palms Of Execuliv
Tho ND nf he prpgi
stead Of eping ii depose in Banks wbrEce II could
be drawn for other than public purposes, wh"n'
certain detection and thus sex posing il TO be plundsrcd
by hundred hands, where one cannot now reach II
These objections, bolomed as they on the sniId
foundation of truth, and appealing 10 The soundest Re
publican principles and instincts, were conclusive
The supporters of the Administration, as party, were
rallied by them, with Unprecedented unaninty, in op
position 10 the scheme; and in the meagre vote OF b.
in body OF 2lO mt nbers then given in favor OF II, hui
one solitary name, belonging to the Administration par
ty was found This the state Of the question, dur
inp the time Of the late Administration The whole Re.
publican party was in favor of The Stale Bank system
and stood firmly and intexlby opposed the Sub Trea
sury scheme.
The present chief mag isa,e, then the candidate Of
the party for the Presidency understood be fully
committed 10 these principles, and in several public de-
clarations Of his opinions gave formal and unequvo
cal adhesion 10 Them Within few short months, how
ever, after the CONNIE ncemen OF his administration
most extraod binary Change OF position took place Tax
ing advantage of some Temporary ADVERTISEMENTS which
had fallen the Banks, in with every other
portion of the business and commercial world, and which
were ascbabe in part at least to the acts OF the Co
yernment ITSELF few active Spirits supposed 10 have
been long secretly hostile to The established systems Of
public and private credit, aud meditang the introduction
,fa Treasury Bank which should be completely subserv
n, 10 the uses ofthe party power furious
ienuncation Of the State lnslitutonshe system which
bad been embraced and supported by the whole party
was now openly condemned and viiihed-and the rival
.The entire dcn,y Of the Treasury syse with the
.n broueh, forward Gordon 1871 aud IS