Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-03-09


rb,cb the baukiRg interest welded over every nl'r i'
eres, in the county. In pursuance OF this OBJECT e
,orgh, 20 nut down The U States Bank-in PURSUANCE,
thereof he sought the suppression OF small horsLa
in pursuance thereof we well know he would nave
adopted every honorable and constitutional means Fff"''
sile It's attainment.
10 prove beyond all question: that this was Inc gene
raj policy Of General Jackson might refer 10 MS ~
Gus messages, TO the conduct of The OPPosl'""' "" ~
the Press of the country, without tx -tption "ul
not unnecessarily consume time, 10y taxing 81 Wv.
range but will merely introduce the evidence OF
prcmine nj and leading friends of The then Ao"'s"'
ton They are Messrs. Rves and Benton
In the celebrated DeposIte de5ale, as IL Eas u. ;J
rally called Mir Rves shone star Of the hst INV
He had not only been PET oil the 'rs''c ~ ~, 49,"
Drn,ucralic party, but was then So anu U. az $500
from various causes, he was espce'ai.y ,n In his
the financial principles Of The Administrator, ~ us
able and uroEnd Speech delivered on Inc To-"
lo;I on The Removal Of the DcPos'les, he ue!'t'a
ard sn,eniniy declares as follows -. ;
''Sir OF all the reforms, SOCIAL po"cu'' u
CAL required by the great interests OF The county ta'
which ,s mi Ct urrep!iy demanded and which promises
in It's accomplishment the largest resa'tS ol u'iy' %
cuiity and public benefit, is, beyond comparison ,lI
rest,ration of the Government, to what II was
nv tho trainers of the Constitution TO BIZ, a HAM,
MONEY Government. We are too much III The hae!i
MIR President of regarding The evils OF the paper sys
tenn as necessary and {ncuraGic, and OF being co"s,'
with the ,irusve pallIauon OF these eTs, supposed "
be derived from, the controlling supremacy OF Nauona
TX,
than tina, the great evil Of that system, its runouS Hue
uu,ious arising from alternate expansions and conrac
lions of bank issues making lottery in effect Of PT
ya,e fortunes and converting all prospective contracts
and transactions into species of gambling-noihiha
can be more certain than that these fluctuations Jana
We have striking proof of il in the present disIesSfs
oil The country increased instead oil being ah'hh
ed by the existence OF institution ut suc! ahsoiue
ascendancy that when it expands, the Stale Banks PX
paud with It; when il contracts, those banks are i"rcea'
In ceIf. IN
such an institution may be supposed 10 exert ID pre-
SEWING the soundness of The currency, mat "'Jccl
would be much more eiftcluaIy promoted by return
as far as practicable to nnttati1c cHcrid0H ne hfs
sl, that return u.s. let the Bank OF TIE u b
90 down It's notes being withdrawn, the convenience
Of travelling alone would Immediately create demand
Tor gold CONS, substitute. and enforce Tie Necessity
OF correcting that under valuation OF them at The nn
which said 10 have contributed 10 their disappearance
In concurrence with this, let be taken as II IL
believed eiitclua measures may be taken, 10 discourage
and suppress the circulation at bank noCs nnGer GER
tain denomination, (en ortwen'y Goa1sQ Of When The
Eff ct would produce another ACCESSION to the me
igiiic circulating medium. The ordinary channels oi
circulation being thus supplied with gold and s'iYrr ne
government would be prepared. without hardship 10 Inc
public creditor 10 require payment oi lis dues IN specie
and thus realise re!om than which none could te
more deeply interesting in every aspect, to the safely
and prosperity of the county.
This is evidence from witness OF The i!st importance
at the time. IL proves all claim for tie administration
oil
dsred that the Constitution designed ours 10 be HAKb
MoSrY Government, II shows, that the soundnsss oi
tie currency would be much more ei!ectray promoted
by return, Tar as praclicabe, I" metallic ec"'H-
ton than by The agency of U. 5. Bank. II shows,
that the pu pose was ultimately, exact the payment
Of the puLe 'dues in SPECIE and thus realize reform,
than which, none could be more deeply interesting, in
every aspect the safety and prosperity OF the couEy
So deeply anxious MI RirFs, that the Government
should refuse 10 receive any thing t GOLD AND SILVER
h.E prl # mo
other person will do it, II yicdec myself I" present this
rrcpi issue SO deeply anxious is he on this SUBJECT
that he utes earnest invocation in the following
powerful and eloquent strains:
"Sr. here is object worthy TO engage the most anx
ouS ab"s Of the patriot aud the statesman, and fee
persuaded that, with 1.-THE Of the effort and talent daily
pxpetced in The ephe contests Of party, we should
see il happily accomplished conjure gentlemen, then
with abilities emincnly fitted for this great work, &c
leave the Bank Of the States 10 lis salea fate AREA
DIV pronounced by the voice Of the nation, and called in
~ Tie highest Considerations connected with the safe
u OF our free nslIutons-and to bring forward thr
powerful ard in effort to restore the Government I" M
true constitutional character ard desnaii"n-,hat OF
A SIMPLE, SOLID, HARD MONEY GOVERN
MENT"
will now ask attention 10 the evidence Of Col. Ben
ton lie has been long known tie ardent and power
full supporter of the administration OF Andrew Jackson
In his Deposi,e speech will be touad the following
luton:
'EesoreN, That il is The true interest and meaning
the Constitution Of the u States, that TIE FEDORA
CURRENCY of the u. States shall consist ONLY q
GOLD and SILVER COIN, and that there Is nohn!
in the ptesenl state and condition Of the country
ly any supposed plea of necessity for departing from
tina, plain intent Of the Constitution by issuing per
hitting any corpaTGt'On 70 issue any SPECIES q ferH
paper currency rh0tcsrr
In his note to the Globe, dated ID March: 1884, III
uses this language:
"1he first was for Congress 10 go back 10 th
currency of the Constitution and The act ct l2 ant
make THE WHOLE RECEIPTS AND nlSEuRsEhHETS - TIL
FEDERAL GuvERSMESr TAKE PLACE Is GOLD AHD Sill
YER ONLY.
In debate in the Senate, ,hF 2hh If March. lc3i
in speaking OF the idea Inst the Fl Gera or Stale Bank
the Treasury, he said
''Bu! the fact was That neither made The Treasury
and il would bs absurd 10 entertain such an idea for
instant; for the Federal Bank may nder her chare
and cease exist: do any moment 1t rleoses
The Stale Banks may expire upon their limaticn The
may surrender; they may be dissolved IN many ways
and so cease 10 eais-and then there would he 10 Irea
sury. Ehat idea, that The eListtnce Of Tic TREasvE
IF his great Republic, IS to dpcad not upon iSs!t b"
upon c0yoratons htch may 10 exist, on any day
Jy their Grn acii, or their crimes
| might, Mr. Speaker, add much more 10 the same
effect but il cannot be necessary II The principles uni
iomly advocated by General Jackson, 10 public and il
pivRte-f the opinions and the conduct OF his IeHdn
friends, especially those ! have exhibited be any evI
denCe Of his Eenlion- is established beyond question
that lie never intended The Stale Banks pcinanen
fiscal agents; but intended, in the language Of Nj
Rives, practicable, TO refuse TO receive an
thing but SILVER Is rAYIEST OF TUE rri
DUES and, far AS vas IN his power 'lo res'"r
the Government to its true constitutional character am
destination, that Of "sImPLL, solio, nARD'MoNEf Go
vERNMESr"
General Jacksons term of office having expired on
present Chief Magistrate assumed the cares of State
having previously pledged himself 40 follow III TN
footsteps of has iIusrrous predecessor" With iul
knowledge OF this pledge he came into Office Eayn.
received .Le vote Df MIR. Rives This pledge bourt
hiIn os soon as practicable, "to refuse receive
Msng Gat COIN AND SILVER ~ PAYMENT FUEL,
DUES; and as lar as in his power, "lo lh
Government, I" i's true constitutional character and dos
unaon, that of "sImrLE, SOLID, HARD MONEY Go
vERSMESr." This, Mr. Speaker, Nj Rives' polio,
likewise; for The quotations | have made, are lairI
made from the celebrated speech 10 which have refer
red. show tina. have given 10 these extracts hei
true exposition will furnish small portion of the ful
and conclusive evidence at hand And fist will cal
IN Mr.. Webster On the 2Dth January, 1884, he made
L.. r.frr