Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-09-24

. d.no.ites of the United States upon Inc haZdru o
.,.b movements. And hcw ma,N OF those formerly
onnsrd will now ,i,e wisdom Of tie Presidents re-
commeuda OF indercnden, Treasury, that has no
connection w;th such gdl.biing risks 40,
The policy Of tie uni,rd States Hank ever since loo,
If not before has been III fix upuu i:e c"nnify me
est curse, u,A ~ wat. pes,iIence md dnne) an
dspmable pairr currrncy-the htter toneip .s 80
cotton specnlanns Hence it hrl "ui tue =: 81
the resnmp,iun o. sprrr reymrn'. 'V".s = -" -.
country with Spurious bills, payahr ny Nv '"s 81
,;5 n. :. inv were ca!led--,lie issues OF The
old bank whose charter had expired. inat paper WIS
sold at Discount and many ot the other nans ooue
!, ~ ;,e, no They now bUr post notes. instead nt "dhg
,,n.: % reauler customers Compelled by an act OF
(oporss 10 withdraw those resurrection uo'es, a"u
issue no more of them, the Bank has now suosluuea
for them sprces Of paper still more depfee'ao !" m
shane of post notesa second again oil Monsieur
Tonsop more trou some than the first. and there
will be end these visits. unless the people every
where sci their faces against them When the post notes
now in circulation become payable, they may oe me!
BY another take their pieces-and these oy sun
nnoher-aud so on Other banks seeing how Il works,
NAV b. Induced do the like. The country then nnld
become filed with rrcde. Unable paper currency ne
limited STATES Bank, If il intends tu follow up this game,
might as well suspend specie payments at once, as 10
do il in This way by pecemea; we'll make The notes
never payable payable at nine months, with repeated
renewals Of nine months, for ever after
STiMuLA1ING IT.
Since the banks in Mississippi lost credit and charac
ter in consequence Of their frsudulent specualons he
Federal parry, through their newspaper organs nave
laid these rotten establishments at the door Of the de-
,nocracy. The Republican prrss in Mississippi has re
p.ed this false suggestion By publishing the yeas ano
nays the passage Of the charters, and Mr. tIrniss
the candidate Of Whggery for The United States Sc nnie
has recently published address TO The people OF Mis-
sssipp in which he inverls the accusation and de.
nounces The Democracy Of the State as hoSttie 10 all
banks II appears he himself the advocate OF every
hank project while in The L. gslalure and director
in one The ofihe fcksturg Of corporations
the WArxR.woREs BANK The Bank Of The L States
Of Pennsylva il is wei! known, hached several OF
this reptile brood under its own wings. The 6fandon
Bank of lis little serpsnfs; and the picksnutg
Railroad Bank had its origin in Phadeiphia under lhe
coun,ebance of the same money power
II seems have been The policy Of the Federal party
from The momen, the National Bank had received It's
ouie,us in Congress encourage the multiplication VI
Stale banks by swsfms, and through them deiuge OF
deprecated paper money In this way II was supposed
great National Bank might be forced on the community
TO deliver il from the State tonk anarchy, as military
tyraut is called in put down By The sword popular
CONNEXIONS. We remember well that on The dstea. OF
the Bank of the Unisd States in Congress, the Nation
al in,ellsencer invoked the s.derailss 10 lay hod Z"
the Stale Governments, ard press their policy on the
local Legislatures; and tho WING press generally urged
the extension OF The credit system through the creation
of banks the highway 10 universal! prosperity IhIs
was the plan pointed out TO redeem the land from the
panic and distress which had in fact been brought upon
IT BY conspiracy among The politicians and bankers OF
Whiacery One Of the leading Boston prints The Atlas
we 5eievcl addressed itself particularly 10 Virginia
Which then had lis banking system under discussion.
and insisted that the Old Dominion had nothing 10 Go tui
10 expsate in the banking business. TO seE with
improvements ard blessings If The Stale Legislature had
pursued the advice. the fat, Of Mississippi would have
been tha, Of Virginia -G'oac.
MEECENARY APPEALS or WnIGGERY.
There is a concerted movement on the part OF the
newspaper organs Of Wh.geTy TO throw The public lands
into the Presidential brine for their csnd
date. Mr.. Clay originated this scheme as ne mode
p}tnnpr .oEA
proposition divide the oie preeseds derived from
the public lands am"ng the States, simply :" apply
the general funds Of ee Union 10 The subjects oi State
legislation. The revenues raised by Congress out OF
the nation To be surrendered 10 supply The
expenditures of bodies q! men, who. commanding means
which they incurred responsibility IN als'ng. would
naturally waste msappy 10 the most SO fish and
tai purposes The scheme went in tact, 10 reverse the
order OF things under The Confederation. would make
the General Government, The mmcdiaetaI ri,r for The
States, well for itself Or Revolutionary patriots
carefully guarded against ihr tendency To cnrsrtaii"n
involved in nak.rg Ia" Federal Government h' m"rey
ed power in the beginning, hy making II altogether de
pendent on ihs Safe Legislatures for supplies. II was
found practice that iniS rendered the Government Of
The Union merely nominal authority. The States,
which give withheld supplies made il active
sve al pleasure. Tohave General Governmrnt, il wac
found accessory that should hav Treasury independ
Of the S:aes-hat il should have power 10 raise to
keep, ard TO apply money This was thought by 'h-
Republicans The utmost paint 10 hic IL was safe 10 20
towards establishing National Governmfnt IT il had
then been proposed, thu, instead Of the General Go.
vernment being continued dependent the States 10,
supplies the States should he broush, depend the
Federal revenues for support it would have produced
instant revo The part Of the States from the COME
deracy and proposed Constitution The daring and
dangerous proposition no, even suggested BY Hanll
ton Who how ever veptured propose that the Gorcn
IF The States should he made dependent on The Co
Of the Union lf his project had gone 10 The
extent of bringing the State Legislatures under snh"c
ton, BY receiving supplies from Congress- would have
hoap IF jrbt
more fatal TO Repubcsuism than his proposed President
and Senate for life.
II is in accordance with the genius Of Federalism 10
work by degrees and by stealth, to consolidate the Go.
rernment into monarchy, by undermining the rights OF
States and The people The power Of indirect taxa.
ton enjoyed by The General Government enshrs it 10
draw SUMS from The people without their knowing
it This invisible of supply can be so employed
relieve the State Legislatures from the necessity OF
evyng taxes the people, 10 carry those schemes
which they may desire Tor their benefit as indvi
duals, under pre,ext of the public good. Such mem
bers WELDING State sovereignty, will soon become sub
servent 10 the Administration OF the Federal Govern
ment which gives them The OF perpeluang their
power among The interested and inauent at home by
largessss drawn from the mass Of The people without
their knowledge.
The plan OF the Opposition is 10 take the whole
proceeds of The public lands, and il 10 the
bers Of the State Legislatures 10 apply to any schemes
of internal Improvement they may desire. IL this land
fond, expressly given To the General Government TO
supply its Treasury be Withdrawn, it follows that
indirect taxes must be luid by Congress supply the
deficiency. The Evening Star few days since gave
elaborate Expose, wing that" Mr. Clays Laad b
had ieen passed. the States would have drawn from The
National Treasury ftiy millions TOO hundred and
tioenty thousand Ere hundred ard cen'y dollars
This, with the amount the States now have dposites
withdrawn forever from the general governmen-and to
supply which loss and its wants it has issued Treasury
no,es-would aeainaswamp the nations Treasury in
debt something like that of :he This would require
another high lsr-the credl,snd of ano.
Their Bank and with The precedent of applying State
appropriations for internal improvements, (Which would
presently be extended 10 the liquidation OF oil State
debts for internal improvements we should have sys
ten established which would gradually involve the &c
neral GeVc nmcn in Of debt equal 10 Great Bri
tbr tai