Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-03-07
yAzURSD.5y', .u.RRCH "a, 1919.


gentleman from CuIpeper could have made Il
upon calm reflection. and which never can be made bat
in the last extremity 10 bolster up desperate cause
The gentleman however, not entitled to IN" credit 81
there be any credit in W OF originating this charGe NO
Sir, the rcdoubabe Editor of the Globe is entitled t'a
OF the glory lie made this important discovery shortly
alter he turned sumrieset upon The Sub treasury,
when, conscious Of his glazing Inconsistency WAS
natural that lie should wish 10 get many Others into
the it'll him possible. II shortly afterwards,
IN the Fail OF 1887, furnished The theme for long com
nnnicatipn, to the editor Of the paper published IN y
village, over the signature Of - Western Democrat,
written no doubt, tor the purpose OF exciting popular
prejudice against Mr. Rvcs And for The purpose
the same charges appeared the. signature OF
Western Democrat" in the Enquirer few weeks ago,
so tina! M friend from Culpep"r has given the fourth
edition OF This gronndlcss charge
Having thus entirely efutcG the charge OF inconS!s
ency MIR. A said, he would proceed 10 show that MIR.
Rves has redeemed tie pledge he gave in the speech re-
ieed o. and maintained precisely IN" sane ground
which he occupied with Gen. Jackson and The HhoIe
Republican party from 1883 10 lo3i In nc fist place,
the L 5 Bank allowed 10 70 down, and a law wss
passed to raise The standard value of gold Mr.. Rres
was driven from the Senate BY instructions 10 take back
his great speech in support Of The removal oi the "cpo
Sizes and support there restoration TO the u Bark
lie again restored TO the Senate. and after
wards he introduced his currency bill, which u'ited
the rcce W Of the notes OF such banks alone IN payn ent
of the revrDue would y certain day whd:aw tom
circulation all notes under lweGy dollars and 1t proPos
ed 50 to make only such banks repositories, with pc"
per regulations and for the sale Keeping
the public money This bill passed the Senate by al
most Unanimous vote, (Pn votes against it, and
it passed the House OF Representatives by MAJORITY OF
about three one aud sange to tell, Iis bill, which
contained precisely the provision, which General Jack
had recommended To Congress in two. If not the
Of his annual messages and which had been repeatedly
recommended by the Secretary al the Trtasnry, was,
(usng common phrase pocketcd by him That ~. lie
neither signed H. returned IL to Congress with his
In
Of The Consttutlnn) in order that 1t might become
law without his signature by vote OF two thirds Il
each lonsc; but knnwlng that It would become Ia"
against his wishes by The constitutional majority, h. as
sumcd The high responsibility OF withholding II and de-
lcating The wishes Of threetnuhs OF the Representa-
liyes Of the People, ami Of nine lcnhs OF the Rspic-
scnativcs Of the States Yes, Sir, under an influence
which has controlled the present Administration on the
financial question, Andrew JacksOn--a patriot, whose
name have always delighted To honor, closed brilliant
and useful admins BY the most high handrd and
arbitrary p"prracd uron iFre people, an act,
which, il hereafter established as Il preccnen c"nccn
the whole power at the Government IN the Ere.
sidenl and prosatrs the Representatives of the Pc0Pe
and OF the States at I- feet envy neither The head
nor the heart of those ~ho advised THIS measure -
The avenue by which lie was approached Is we'll un-
drrstood. The Currency bill repealed iavorIle mea
sure of General Jicksun-tIe celebrated Specie CHcu
lar; law which he had taken upon himself to enact
after il had BIZ rejected 10y the almost unanimous vote
of the House Of Representatives, aud had been l:'cc
rejected by the vote vi the Whole Senate, save one
Mr. said 1t gave bIm 70 pleasure to Ieler 10 ines"
transactions; the CONTRARY. recurrence to them al
ways gave him great pain. Few mcH, III ms OPINION
had rendered their country as valuable services rs
Gen Jackson md lac 'Isird hat icit more
grateful him than IF did tie rIt disguised 10 throw
a mantle over his faults and lu1k alone upon his many
shining virtues but he Owcd IT I" himself and his c"nh
trv whilst upon thu subject o. The currency 5 To ex-
press his drcdr dsapprubatIon Of an act which ut It
should receive The SANCTION ni The propr) won d cni-
l,,It Al n upr a
pie of liberty. Thus, Sir, has Mr. Ri"fs redeemed
ali OF his pledges Tie eAcrted his ruenc" To prevent
the r. charter o: the Bank, and procured the pas.
SAGE o. bill through both Houses regulating the drpo
sites OF the public money in the State banks, te
Gcn that they w"uld in the course ot lew years,
Withdraw from circulation all nf iheiI notes ur,rr TWEEN
Is dollars At the extra session oil Congress IN SPprm
6er lc7 he brought forward again bis currency bill
substitute for the Sub Treasury BILL and again at The
last annual session; and after advocating il with an abb
Iv rarely it ever equacd in this country, it was both
llinrs defeated
Mr.. A. said. having proved slr Ryes' consistency
clear as a sunbeam he would prOcr ed To sho" that lie
and his friends coupled precisely the same grou"i
that Gen jackson and his party maintained from Tie
removal the feposites IN lS3 10 the close "f his al
mnistraton, and the ground which he Republican party
have ais avs occupied The subject at the finances In
his Annual Message OF December, 1884, Gen Jackson
saws: "1he attention of Congress Is earnestly invited TO
t!Ir regulation of the Drposrs IN The State Banks
And in the same Message he says: The State Banks
vices which were required Of the Bank Of the L 5,
quite rs promptly and with the same cheGpness. -lhry
have maintained themselves and discharged all their "u
ties lille the Bank q" tie = still powerful aud
IN The field open enemy and IS no. possible 10 con
ceiye tina, they will fad greater difficulties when that
enemy shall erase exist" in his annual mcssag" 10
Congress in December 1855 Gen. Jackson says, Z" BY
The use Of the Stale banks, which do not claim their
charter from the General Government, and are not con
troed by It's authority it is asceEain'd that the moneys
Of the IT, can be coll, cted and dIsbursrd without loss
or Inconvenience, and that all the wants ui the coHn
uy in relation 10 exchange and currency are supplied
MS we'll as they have ever been beurp. In his last an.
nual message of December 1886 after the issuing OF he
Treasury circular requiring gold and silver in payment
for the public lands, Gen Jackson thus expresses hi
undated confd, nee in the State Ban" system:
Experience continues 10 realize the cxl ec,ations en-
,,roiurd rs to the capacity of the Slate Banks per
form, The duties of fiscal agents for the Government
At the time OF the wal ot the deposites It was nj
lced BY the advocates OF the Bank OF the u 5, that
the State banks, whatever might be the regulations Of
he Treasury departing Mt could not make the transfers
,rcnited hy the government negotiate tie domestic
.changes of The country. II is now well ascertnn"d
that the real domestic exchanges performed through
discounts by The u S Bark, and It's % branches at
least Sd less than these Of the drPosite Banks for
equal period e and if comparison he Instituted be-
tween The amounts Of service rendered by these instI
on the broader basis which has been used by the adj
vocatrs OF the IT, S Bank in estimating what they cons
der the domestic Exchanges transacted by it, the resu, will
bc still more favorable to the depoSlie Banks thus,
sir we perceive that Gen Jackson was the warm rien nd
Of the State Bank Opposite system from the removal 81
IN. deposcs in Sept 1853 10 Dec. 1856. when he srrt
lis last annual message 10 Congress. lit were nrccssa
~ he could quote many other extracts from '
Mr. A. said, If proof were wanting he could read
TO the Senate extracts from the reports OF flr fancy,
the Secretary Of The Treasury who removed The dep"
sites and from The reports OF Mr. Woodbury., the PIE
sent Secretary, in support of the Stale Bark depoSIr
sysrm and also extracts from the speeches OF several
oil the mos, distinguished members Of The Republican
po,v in Congress; but as it getting late, h. would
ruuIen, himself with reading The following resolution,
which he belle we'd received The vote "t every RePub'
IN member Of the House of Representatives,:
"Resoired, That the State Banks onsh' to he con'l
,red as The place O. drpos,te Of The public moneys and
liza, i, IS expeden for Congress 10 make further p"'i
SIMS by law prescribing the mode Of selection; the Sc
Ln nd tie ard terms On MnlCn