Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-04-30
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Washington, April is, lo39.
r. JOHN T3LL7FERRO Esq =,
Sir-f have had the honor OF receiving y"nt 'a'e IS
dress to the people Of this district ne ond oopo
polilicians ar. usually paid to both TRENDS anu pp
nsnts and | have done you the justice 10 req" yi -
Ter with grrh attention claim lhr rlent W H.
its statements which shall certainly exercise "i
tire freedom The mise presentations com" Ut u " '
ie,aasr;na ,,;6e and the unfair deductions you have
ATTEMPTED 10 make from policy and meesu1 OF ue
late and present Administration %iH sunictn.y JTs"S
the spirit of my letters to you & $3.50 or nv dsc;d
fore for the s. long indications they ah'fa OF my cec!o
"a ,a,noo,nce 10 your public character. But In lma-
ton of your own way OF conciating or soehng 'h"se
who may honesty think you knaSe o! too'' VIII
co. IN the Ian guspe of your Address, 'lf in the course
Of NV remarks shall say, have said any thing not
in strict harmony with your feelings, beg mny De
considered speaking Of your opinions and not YOU
individual views-or rather, Sir OF y"ur Pueic cha'
racter and official acts. think can demonstrate from
vour o address one fact which always an interesting
one, in life OF old politician, forms the cri
ss Of his downfall it is that you have reached hat point
in political hypocrisy, when IN pure Latin wooio say
"pideri guam esse in good English, ITO seem rather
than be, honest politician. ihe afosate instead
of the angel Of light, stands in The echngsn the picture
you have drawn for the contemplation nf your eii'~
ci,izens-Apd Sir there creature in all animated
nature for which feel perfect adherence, 'hen
The politician, who, whilst uniformly protesting sou"a
principles yet, in every emergency constantly c'sPaSs
by his acts total disregard OF oil prt"etpie MIrN sr,
is bd defiance based reason virtue and PATRIOTISM
No mower can inlmdae and no arts at hypocrisy can
circumvent. II is the duty OF every honorable man 10
prefer truth faisehood though she be poronSs
uirgin will state for your edhcalIon, an sifgory,
which contains problem Of pure reason under beau
lfu 6gure-perhaps Sir The chapter OF acc'oeh's may
afford you proper occasion TO pace 'ne niV "
more iounate relation TO yourself Than u now oFa,s-
Falsehood, ike drawing in perspective, WI" not oeer
TO be examined in erery point OF r1eto BECAUSE %
u good imitation of nuh. as perspective rs OF re.
aiuy, only in point Of 1'e'o But "ut"' IKE ."a'
reality of which the perspective is the representation,
will bear 10 be serutia=ed IN ecsTy nt o. oseo can
not withhold the expression OF my opinion, on reading
YOUR addressthat you have chosen to play The game
of mere partizan Jeier against those who administer
the Government we'll as against that porhon u the
people who sustain the nets Of the
Sir, you have inrnged broadly on The virtue and INTEL
ligence Of that great and overwhelming portion o, Lac
people whose incredibly was so wonderful as not 10
credit The Federal ISLANDERS uttered against fresiden'
Jackson and who will not edit the Federal anders
uttered against President Van Buren, In all this, Sir,
you have shown how little regard you have for The re-
putaon of Others who in the discharge OF arduous trusts
may have erred honestly erred some respects TO err,
SIR, is Humankind this the people well know. They
have loo much intelligence TO lo"k for perfection in Their
public agents They will not Judge them by any such
rule. They will Judge the hero and The statesman, as
men, at last The people are men and patsiots-lhey
love their country for its sake ii is their interest to
do Justice and be their interest to do rnstce
We shall soon how graceessly you have performed
this sacred duty. The affairs Of Government. are OF
complicated nature-and to test The value Of any ADM
nstraton, or the merit Of high official responsibilities, il
is proper that the scales Of justice should be used What
contemplate figure do you cut, Sir, in your late ad
dress quote from your paper, Sir The following words
and hguIes-"The removal OF the Deposites prod ucfd
the following results, which occurred between The Isl
jan $780, and the Isl Of January 1897, and then you
go state the augmentation oi The number OF banks
from 800 which were in existence on the LIST January,
1880, to GII being increase OF ooI, besides large
number Of branches the augmentation OF The bank ng
capital increased eXpansi"n IN The circulation OF bank
notes, augmentation in Tie amount o! depos',es, both
public and private, augmentation OF bank loans and
discounts altogether presenting alarming array ni
figures and all stated the results of The removal OF
the removal of the dsposles Thus you have The bare
faced impotence place to the account of
which dates, by the Treasury order in October Ic3 The
increase Of banks rom the LIST January 1880 and all the
other augmentaons of capital expansion ct circulation
-depostes, both public and privae,s &c &c. | am
willing abide by the cando! and justice OF my po!l!i
cal opponents they will say there is some evidence Of
the malice pIepense in gross departure from the
truth Of history But, Sir you have not explained The
Odus operandi by which the removal Ut the d"p"sites,
By gradual process from the Golfers Of the Federal
Bank TO the State banks, produced these results You
have condesceDded TO show to your feowciiizens,
BY what wonderful process of incubation the Treasury
Order Of October 1888 hatched State banks in 1850, 81,
'32 and 33 creature not in esse cannot beget any
creature This, Sir is the doctrine Of reason and phi
losophy, whether applied 10 matter or spirit i, is the
true doctrine of and effect. WE'LL Sir, believe
facts have demolished your theoryraeta eompags
rusbont-"the bands being broken the structure tell
removal OF pUUlC uepOSlleS HOul
u s. Bank alone produced the large increase Of Stale
Banks belongs 10 the seehing brain of politicians; and,
it was broached the vagrant policy IT party
adopted il sound reason. You only initiate your su
perors-and this is your known infrmty. ii were
disposed in detail The of argune nj
cessary show the faacious character Of this objection
could prove the existence of The seminal causes OF the
increased bank capital, which were operating long be-
fore the deposiles were removed That msasure may
have had q tendency to quicken them into life-bnt
there other and more powerful causes which
TO be sought for the great field OF National
enierprize, where commerce and the arts OF indus.
try and improvement hold at times, an unchecked do
mnion. 1t is foolish in you 10 attempt to account
for the in the system OF banking, ny the tri
fling incident Of changing The depository OF few
millions of doarsthe supposed cause aud effect do rot
bear that relation 10 each Other which sound phioso-
ply requires 1t is question above your comprelen-
sion am sure, and depending for its e!ucldaon on ia
Tents of the highest order, and temper somewhat diff
ferent from that which acuates your mind IL embraces
well the origin as The progressive course OF the sys-
tenn, and no causes Of less magnitude, than such es
spring out Of the commerce and enterprise Of the whole
people, could have conducted the system to It's present
boated condition. IL is apparent to superficial obser
walton, tha, commerce has placed its leadcn fingers
the genius Of the American Constitutions; and when MIR.
Rives in his speech in the Senate Of the u States, in
1894 the subject Of the removal OF the Deposites,
spoke SO empha,lcally in favor Of "esoralion Of the
Government, far practicable TO what it intend
ed 10 be by its trainers: hard muney Government, he
delivered The inspirations Of g'nus and patriotism It.
is remarkable Sir with what facility you dispose Of i'm
porlant and intricate proposiiions-a dttum Of party
oil you condescend to give DO you think tina, will
satisfy the peope' and are they TO take Tor granted
what you may choose to asser,s Now, Sir, assert in
opposition your say So that the Banks did suspend
specie payments, consequence from the operation
Of the Specie Circular The OF exchange ''pro
taato." The suspension began in New York, and took
place under the immediate operation Of the Distribution
Law. This Distribution Law, is placed by the Cham
ber of Commerce in The City of New York. al the head
of the list Of producing the suspension. take
il for granted, that the authority of enlightened mer
chants, is worth more than your party dictum Nor
you turn TO any documentary evidence going to prove
that the suspension caused by the operation Of the
Specie Crcular-and TO the Of foreign exchange
the Government not responsible for the overtradng
OF the mercantile interests-except far the Of
the public depostes may be considered encourage
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