Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-05-07


But there was danger that the system would maxi Re
nrop,ers Here MIR. Rives cited as en- IiiVst'at'"n
ibs ASST ,,or the course of the central JonrnS al ten
mood and the proceedings OF q meeting ~ we t
western par Of the Sale the n,enhrs q" WHEEL
opnoscd 10 he Stb Treasury scheme, PlecS' ~ vn
to waive oil objections to il in he supper. 90 ,ni
Buren, IL was also sustained by the i"G' u ~ nId
pent me nbrr Of the Convention IN hIch,""mu In
Gland or h;s-bo,h peIsorsily and p"li'lcdli!' 'P'J
declared that IL they would only allow nun ~ Le
10 stand upon this question Q. the Gu, n,;; The
should be satisfied and ready neVrr'heess '"P - n,
very Marty uledped 10 carry out ms n,easpie'
i'm. s,;d M q 10 cause; The effect OF 'his c|u'
or ,bnr. w,s 10 centre all power ~ lhe hnhHs u W.
President and TO establish under 'he cS"' Of !ohis
lalive Government, the most odl"ns OF al n'u
Al n ,,,ceeded 10 specify some OF lhe p"''''''"
fruits Of This system Of party tyranny 10 ms ~
70 the l,s, Congress, the President sau ihat 'ie
yernmen, ought be permitted TO employ ou''hS W
g, ito 5isc,c,ion This had struck WI ~ us "'os. ~
nous Il looked to giving 10 Tue EA uI ro,, ~ :.
The entire control The money co''ceu i'"'i '
h,d .,Ininos Of The peoples industry by Inc eu"
sprv sch,me but also over the Inonlsd ~
interests of the county ny means oi VIC 'P's''
Ranks EIe was filled with horror aud alarm al ''s pro
os;,;, and with a view 10 meet 1t, brought FORWARD
H. I,,ops of enquiry, for which he had been 50 much
rsn-,,chsJ by the party. He saw that, although Tue
had been warning with the Bank OF The u .
md the Administration had pledged 'seli TO uhcoHpio-
n;,;rr hostility to that institution, even TO exterrnIhA'
tnn p
lis emroylnent This it was attempted 10 deehd OF,
The soe rround Of necessity the tyrants plea ana
vet il was demonsrablc that there was no snch neces-
silv The Government having power gwen IL 10 issue
Treasury notes and there being sufcent reason WY
the sale Of the bonds Of the bank might not have oeTh
ef,c,ed in n foreign market The truth was, that some
ground U! political expectancy had been ouhG o' s
EMPLOYMENT of the bank, and for making Trends wa"
it In fact, The most marked change had lakeh P'are
in the relations Of the partiesthe President o. ne
Bank of the IT, S hQd become the friend 81 the .7dmt
niS,rati0n.
Mir AMIN adyerted to the Course Of the present Ad'
minis,ra,ion in urging upon the people against Lc"
wishes its favourite measure OF the Sup'iffesufy
Ipcks son had brought inward measures which had cali
ed down upon him The most violent dennnciaohs' nn'
he had always jority OF the people with HIM; whe
The present Administration had attempted 10 carry out
its measures against the will of the people by slow,
winding and tortuous Of policy, which strongly
cuntased with the direct and conhclng reliance OF line
former on the support Of lhaconsliluent body.
Ii was well known that Gen Jackson was al one lIne
very decide div in favor Of Bank founded on The fnan'
ces of the Government-a plan of which, he Offered 10
propose TO Congress- but when tins scheme-eVldehty
iavOrllc with him-was reProbaled by the two com
m,l,efs Of the House, and The Senate, oil which MT
McDuife, and General Smith, were respectively the
Chanen he did not hesitate 10 give II up liz difference
10 the views OF the people, as reflected through heir
represe natives in Congress Such was, asn the obedi-
ence shown by MIR. Jefferson on memorable OCCASION
to The vii! of The people. Many now present ecolec'
his belief that the embargo should be persisted in, and
would ultimately bring Great Britain TO terms; yet IN
consequence Of the dissatisfaction vt the people WIN
that measure, he sill, without any change o ms own
opinions recommended TO Congress, lis repeal. How
strangely does this proud homage TO the public VIII,
contrast with Mr.. Van BuTens fatal periinacIly. thad
suited the purposes OF to represent. that whatever
might he his title independence IN the great question
before The people he had displayed throughout De-
neral Jackson administration spirll Of tame and UNI
form subseryience the Executive. IL was needless
for him that all the measures OF that Admit
nis,ration Of which he an advocate, had. as they
still have, his deliberate opprohation founded upon me
hes, lights of his mind under oil the circumstances OF
the country the time; but in reuaicn Of this charge,
he might, ,rumphant!y refer 10 The indictment,
which now being filed against him by the oiiical
prosecutor at Washington in which, three counts cut ct
FIVE based s refractoriEess during that regime,
and rebellion against the known Will of Gen Jackson,
in regard 10 lie Currency Bill Specie Circular and De-
pOse Bill These counts upon which he was aIraignsd
Showed. that he had never been, land Mr. empha,l
cally added that he would he The ODE den. tool
Of any Administration. (ileaIty Cheers
To show how far party subserviency was carried. MIR
mentioned the fact, that when he made his speech
of the introduction OF his resou'In OF inquiry
in regard the connection Of the Government with the
Bank Of the u S several Senators came 10 him ard as
susd bin that if the connection went beyond the
naked sale Of the bond they would nin him in eXPosr
and denouncing ii; yet when II was shewn tia, the Go
ent had needessy anticipated by an arrangement
with the Bank, the payment OF another Of lis bunts and
giving the Bank The advantage OF being the agent M the
disbursement of its proceeds at distant points, and be
SIDES placed considerable fund arising from another
general cepOsI;e with II, they shTank ir"E
their pledges and became the apoogsts Of Of The
Administration which directly aimed TO subsdise the
S Bank
In this connectinn, Mr.. r. relied upon a declaration
which Mr.. Wright made in the discussion his bill 4
secure the public monies, viz that IN lear
The question OF the os keeping the public mo
MES open as confession of the purpose OF the Adm
nslraun 10 bring the moned institutions aud interest
Of The country under Executive CONTROL unrestraIned b
legal provision Mr. K. then proceeded to speak Of ,lr
present condition OF the public money. Two ihiTGs
The revenue of the United States collected IN tn
pnr, of New York. That the Collector deposited il in
bank or not he pleased; that deposited Ia ia
credit of The Collector, Jesse Iluyt, Esq } without
distinction between it and his own funds. The CoeC
called the banks his agents no, The agents of the &c
yrrnmrnt II, opposed 10 Ibis system, The measure
Which Mr.. Rives aud his friends proposed had bee
adopted. aud the mnney collected had been deposited l.
the credit Of the Treasurer Of The States he shove
how its safety would have been secured and deacaliun
prevented. The objection 10 their adoption was TO b
found Tie hndrGncethey c0uid intuposc 10 anu cono
of E1ecutrc Officers. II objected, said MIR r I
the State Bank Deposite plan, that il allowed the bark
to discount The public money; but Mr.. r. asked
wha, hrndeted the banks from discoun!ing equally
the Gep0stes made by The Collector? These Gcpose
were sometimes not reported to the Treasury only Gel
tain kinds being returned. 1t had been SAID, that
some deposes the Collector had stipulated for an inter
est Of seven per cent! While the President coun,e
nances, end uphots this loose accountability Of publ
officers aud in view Of daring instance Of in
suit and conlumacy to 18th Congress and his offciu
superiors, bylhssvery Mr.. Iioyt, who said 10 b
high in the confidence. of the President, this
time TO make the pledge to sink OF swim with him?
Mr. Rives said that, at The las, session of Congress
he had not brough, forward again what he'd been Gale
the pet Bank System, bu, plan taken from that use
so successfully Tor 10 years in Virginia; in substance re
quiIing the Government dues TO be paid directly int
bank, 10 the credit Of The Treasurer. 1t intended
meet declaration Of The President that the monies co
lected must, under any system, pass twice at lcas
through the hands Of public officers II calculate
to preclude The possibility of deiacaons, which, as i
The Swariwout case, were made practicable by omssio
pay money collected directly into bank. This p!a
voted down, because it would interfere with the Oh
iect of the Administration TO establish its control owe
The money Of The Government, and over the uonpd in
teress and institutions Of the country So Likewise wa
rejected proposition Of his friend of New York. reGuir
ing that the monies collected should be paid into lh
banks, but that whenever deposited in banks il shout
be nut TO the credit of the Treasurer Take these foc,s