Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-07-12
Ess;as'E's

"Esrry banhng institution no,n acts for itse and only
'cHh ritD 10 promote its osea interest and safely
Such Is the language of The New York Express, one
OF the leading journals whose erra, object 10 impress
upon The people t;e necessity o Bank oil The U s.
ne Inference il draws from this slate Of things 49, that
rse banks Mu here master 10 control The Individual
sritishness by which they acluaed That master IS
great institution linked IN with the plweTS oi The Ge
neral Government, and welding capital SO potent in
liz conce nated energies, curb The individual and
grasPing propensiIies of the 500 paper mills which are
now grinding The country into bran; undermining every
Vrsge OF security commercial operations. rendering
the occupations OF Tie sport of their policy md in
leress; and dslraclirg The people of The from one
end to the other, by combinations for monopoly, con.
fllcls among themselves Some struggling for inor.
dnate gains others for existence; and as in all other
wars, the people the sacrifice.
And what 10 the Federal panacca for all these crying
evils: 4 great National Bank-a master who will con-
centraie control all these conflicting interests, and
put birdie INTO the mouths OF these hungry sQuabblers
What is this but the great principle Of absolute despotsm
brought 10 bear upon us IN new disguise? Is there
any d. slilule of the power of tracing effects 10
their mol 10 that such institution would
be despntism Of The most mefcenay mean and despr
cable character-a moneyed tepotism, conceareteg ID
one institutions governed by man, and snperseding
that Of The ogarchy of banks which the Express
eu.es Of acting solely with "a view to promote IT'S own
interest and sarly;' According 10 this writer, has
came TO an"thrr "baule of The spurs, and Saurc gui
ptut is the universal cry Of the banks.
Is it, then come to hs' Has The Federal system at
length brought 10 that state Ct pecunary dsorganza
lon that dissolution of the elements OF society which
can only be ei'cually remed!ed by The people GINNING
together aud choosing tyrau, 10 reign them? Is
this the condition 10 hch have been brought by The
policy OF the party which claims 10 have monoposed not
only the wealth, but the wisdom and virtue OF the
ton? Nothing. il seems. will but mas
er whose merits TO be estimated by the weight of
his purse and thus, in effect the people 10 be put
up 10 sale, and knocked down 10 The highest bidder
Alter lapse OF little more Than half n century, are
called upon TO sell ourselves 10 Caesar in order 10
escape The petty vexaous, and harrassIug expressions
Of n multitude of yrants Has 1t come 10 the question
whether il s better 10 be crushed by one milestone,
pounded To death morlars!
This is idle defamation, but dmect, inevitable
deduction from The Federal doctrine Of necessy-lhe
necessity of National Bank Ilseeins there is
power IN The General State Governments 10 restrain
punish the excuses, reform the abuses, of the dy
nasty not of "ihe thirty, but The nine hundred tyrans,
who rule drstInss by the magic OF their paper
wands. Their influence has become all.perVadlng
and powerful according 10 The advocates OF National
Bank that the General and State Governments want
either the power the will TO Control them We must
Mre0re eaH 10 MD poAcer more pocat Hlaa ttr;
Mm is 10 sny Po'rcr r'at'r M"m tie pope hare eer
b0re entrusted 10 Mer legitimate yarS Is il not su
Is not ibis the ire viabe Inference:
We will admit il you please, fer the sake merely Of
argument, that this drspo would be strong enough 10
reduce the eight nine hundred little Iyrans 10 obe
dence, and restrain their se!fshnPss within tolerabe
bounds But This is not going quite far enough for
purpose WHO is 10 restran the srlfshncsS Of the great
desput Itself: Il will be- after ALL but noneyed des
pntism, having precisely The interested sesness
for lis basis, and governed by the passions Its
counselIors will be but after all-mpney making,
money having irresponsible 10 The people and above
the laws For, who is TO govern them The power of
the General and State Governments, if we take The
great argument in favor oil National Bank is insult.
Gent to manage the very institutions which the great
Bank is intended expressly 10 restrain and how can
these Governments separate or even united, expect 10
curb that stronger influence, when The weaker ones
placed them al &, iance?
The great National Bank will be the master OF the peo
pie and their Government, or il wall be too weak to
achieve the miracle Tor which it is expressly 10 be
ted IL nav ard doubtless will, he restrained by ch1r
tered limits, in order to rentr the pill paluabe.
II will be or5idde this, ard forbidden ha:; it will be
subjected 10 The examination Of members OF Congress
who owe i! money and made liable TO forfeiture for
abuse excess of its privileges By The very legisla
live power which il holds tributary, not hy the sword
but the purse |, ia useless 10 talk about restraining
institution expressly created 10 do hat, according
o the writer in the Express and The Bank orators in
Congress ont Of The power Q! any all the existing
authorities u do al this moment
Ia self defence, and Tor The purpose OF executing The
ordinary functions of Government, the General Admi-
niSirnon crouch 10 coEcate this Bank despot,
il income lis ely and ke!pmer, or lis master.
The latter impossible; for cannot shys the Express
mud is associates control the lesser power How then,
can il control the greater, Thus the people and their
Government will be surrendered into The hands of n
great concentrated moneyed power ard The future po
CO. Of the country BE- censcc a'cd exclusively 10 The
gains Of the }an!; and the mysteries o brokers The
national honor will be estimated BY the price nf stocks
and lie national prosperity by that al those who gamble
in hcm. The people Of The U. s will have no infu-
ence over such an institution, fnE they have money
invest in its sock and no voice in The choice OF d.
rectos their G"vennie 81 ill be lltte else than The
slave OF board of directors
Is MI THIS sheer dcspolisn in the disguise OF a Bank
chate Is il no. lull recognition OF the monarchica
principle in lis broadcast latitude, 10 all iHtenls and pur
posse? In the first place 10 have tytan To re.
uE - inc1n OF
strau but Of few thousand manufacturers OF paper
money I'VE, THE rE"rLE, must, il seems, put The blt
into cur mouth and the ring IN our nose-tnr what and
whec!nre Simply because eight or nine hundred Lesser
banks ~ which ninety hundFedihs Of US have not
particle direct personal interest, and which We
are not permitted TO exercise any control, cannot be Kept
in o.drr. For his We are called upon 10 place master
the Government OF our choice, and Cham Il oieTe
TO the beles's Of great Esyed power; For this we
must matter Of stem necessity, sacrifice our birth.
right and submit TO The worst OF tyrannicsn sordd DIES
pcablp PAPER money dynasty II We aGa. re The Fsde-
raj policy, shall see that whatever furn 1t may as
sume or whatever disguise il may wear, the better TO
approach and unc. rhine the citadel Of liberty. ito i'is
com pie xon il :. II! a, last 1t ends in consolda-
tinn and is al work preparing the way for conso.
ldEiinn Of the nancy power, OF all others Inc NEST
IN, Interested and Unsuitable The depo,ism OF ger
us 81 least sers the ieers Of savery the depolism
Of The sword calls into activity many 81 The highest
qualities Of our nature; but the GesPo;isn Ct money IS
the grave uf all that eunol.ts nation.
Ne and this siavsh doctrine, that the STU
pcndous evils Of phrenzsd credit system can only be
restrained by The creation Of bank drspot. They are
already in Tie process Of cure; they curing them
selves say when those great canscs, predesned
and :e in motion by The will Of Providence alone, ore
beginning 10 operate. We mean the common sense q"
mankind, guided by experience which never lends
them asiray. Already conviction is settling deep into
the minds OF The people Of lie Unirsd Suites, Of all
ciassrs cacep, sPFcrtATiSG fEY-ihat greet,
If NOT rpmsd!able evils have llo~sd, and are still yw
ing With increasing current from the abuse OF sys
tenn hch carries vi hin itself irrepressble tendency
10 abuse and excess h.n Of all ranks and degrees,
except Ills one begin TO scken al The basesss bottom
less fabric of ideal prosperity which has for years been
cheating them into dreams of boundess wealth They
are weured and worn cut by those harnssirg Vie'ss
tudeo those multiplied and ianumerable uncertain
ties which have been added 10 The na'utai ana me
yi,aEp mutsbility If all created things and long for