Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-02-05


STANDARD of value and the practical separation OF tie
revenue from the ..arks, must have txsIiri an III,
por,ant influence. II The G"vt!ninthi Is h'h P"'A'
BILE for the disorders &" The currency, occnSoHeao y "''
trading il mast have credit TOR lis restoration, 'i-
ftcled in part by is ud'c"us policy These results are
before the county and they iav" had ineir elect nr"
ruhlic sentiment The discussions when have taken
Mace here and c5ea here, have also had III II influence
Both from Argument and r%pTiirnce, huch 'is"' "'S
been she'd this important >u'rcl The people nave
had an opportunity Ia n'4e whether the VIEWS "' "''
friends Of the Administration or ilsofp"nciA were %
correct. The result has hcen rea;'"" l" ''s ."'t
mind which is still going on aIl"veT me G"u'''t' way
who were deceived or encrd a"ay, i"r'a I'' ny ''r
clamor AGAINST the Government, have G!Sc"'tf" ''"
error he true Gusts OF HI d'rangrneht 'I 'h' cur
rrHcv haze b come unGt rS"nd ana III" "j"S'''G "''
a5sufdy Of attempting to ho'G ,Ie
s,b!e. ,T become apparent 10 ali. i"'' gus I'
con 10 longer be H. p: Up.
he changes which going Oh III rn"'c "p'',"" ~"
too palpabe be mistaken They are ii"'rs,e" III zoe
tone of the pablo press and more rH'paca! ~ '"'
elections yyic; have taken pace.
Tneec Sir in ,nv Judgment, are the circumstances
which have induced gentlemen on ne DINER slice OF 'S
hall chang iigir grpuuc, ana assume He" pS'"'
Having DERIVED al tie benefit i"ey can rom '''e ssa
ou Of The G,.c,uns o! the currency and finances, ana
rerceiynr a reaction taking place, The now "Isn /"
aboudon lie whole sub eel 10 arrest tue inquiry "hich Is
rtng on and direct The public attention 10 some rev
around of complaint, aud raise an rSc''e aooI, "e
fnu!,ers and rA.iavagant expenditures his Is all ha-
u,,l un,,ph and r. :LapS prTecy lar IN political war
fare But it is liilr extraordinary that position
should be taken directly opp"Sed 10 that 50 recently
occupied and Ihe Administrator be chaTged WAN i,'
nv leaoue YI.Uslye aud defensive, with the banks
U,. do we nov sland in The Senate: Why, The Up
position after having for two years Il P up cons'ht
ciano: about the hostility Of the Government l" lhr
banks have suddenly gone back ana taken Inc OLD posi-
lion they .crupied in lcG, When first took my seat on
this floor Then ;heir daily TRADES against Inc Admit
nsra,on were about the corrupt and dangerous connrc
lion between The Treasury and The deposrle banks The
''pct banks HE constant suuJtci OF trndfh d'"
ceEsurp This continued 10 be the case uhlI Inc pahs
failed in 1S with bet twenty and thirty millions
nC the hubble treasure in their vaults ms eVent leu
both parties to change their positions. The Admins
lration abandoned the dePosiie bank system ara tne
O,,os;,jon Immediately took it up The merits OF lls
movement depends on the sdtraton, winch party
had the best for their course The TRENDS 81
the Administration abandoned the State bark system
because 1t had fned and proved unlusworlhy; aud
the Opposition he supposed embraced II for the same
reason And now, returning 10 their old position OF
l:6 they charge the Administration with renewing Il,
connection with the banks, aud forming hague "iih
them for political purposes In The present instance We
shall not accommodate them byan cIthaHgc OF POSITIONS
They may abandon theirs but we shall not akc 1t
We DENY altogether The charge Of reunion "i The lrea.
sury wih the banks. But II 1t Was true, Mi SAID,
he would go with in that meaSule either here o'
else And, saying this, hr believed nc sp"ne
the sentiments OF all on this side g" The House NeGo
not 20 for the reunion, but Tor more complete and ct
iectuai separation.
Having Mr. President, mad" these introductory oh
sc!valnns. will proceed TO notice some OF the remarks
Of The Senator from Virginia, aud /" examine some OF
the vPrv cXlra,Td!Daiy charges which lie has made
auaiI,N the Secretary Of tie Treasury and the President
himself ! ain aware, Sir, that the gentleman speech
was nat made iOi WIKI an expedition that would
reply IT. he is aiming at higher game-EiS envenonrl
shafts aimed at Ihe highest mark lhty are iuteGvd
To reach lhe Pres, himself through The SIDES Of lie
Secretary Of the Treasury: and tt" doubtless expected
lha; he honorable S,naoT iroa New York fhlr Wright
would nteiy his s!Cng arm 10 ward 81! ;c blow ana
think 1t quite probable that before this debate Is end d.
the Senator may have the honor Of brCad.Ge i!cH
that quarter Bat, however thls may b., lnasmuch
rs The Senator iaS presented an issue between lis
50, cc made Ia oi the report, and remarks.
mate after il read. and has thrown ont sort Of de-
ance asserting emphatic tone, hGt he "nuid De
ruonstrg'r that eli he charars, iurTences, and mpna-
t"nS ~ h> first spa, Oh were fully and tIumplaniy r"'
thlIshed By the rsPuu. felt called upon 10 meet the
gent gtnan p"n TIE issue !c has crdcIt d. ard hope
ss,i be aO!p shuH hat hat sand the other day was
strictly c"rec; that lie report Of hc :, crcaIy was no.
only response To- The Senator's resolution, but an
sg,r l., his speech and ali rs accusations
Whilst feel era eui 10 ,.e body for lis indulgence
in atnfd!ng the opportunity now have OF conclu..
ing what desire TO say, regret to have 10 Gtaln the
Senate as long Is fear may DO, ~ debate Of this
description This whole mUvem, ut. | rcgatc, Sir. Us
cnllrsIy and eXcGsgr: OF Il political character. HE
Senator 5 resolutions. is clear, have relation
t. ANY Of lsa;ivn that is, may be,
pecicd 10 come Lt!Dic The Senate Tie object is rc
cal; il bold attack the PRESIDE ri and the Secretary
Of The Treasury; AID ome more entirely eia,uilous IN
luuLG- d. and ~. pus;r!"US has from any
qo.rJgI whether friend, or or, nsHi7"i This may
lie all right III pucli warfare he Gid no, complain .
IT; hu, Ouiy wished that tie responsibility u occupy
ing the Of the Senate in merely political d discussion
should be placed where It belonged. These p0II!ica! &c
hates usually 0rnluae 9Th The Opposition; they
aseQan,s: stand the dcirpS ye but Tor one, h,
aas Gspos,d 10 meet oil assaults e spot and tho
settle accounts 90 along, and 10 leave Tie gtHe
raj reckoning ,ope. hat special purpose the
may be nj, lie did not pretend 10 krow
Lu for some other there seerned to be- on ti
part u the Senator an unusual haste ana anxiety Il
make known his hcw position 70 his constituents ant
the country.
lwlll frs, notice. Mr. President, several of the speci
&c charges made By the Senator IN his speech Of yeseI
day, before take up the general issue, whether the &c
uaprs SPEECH with !is charges nterences and mpuia
tons made advance OF The evidence, is borne out
sustained by the report or not. And shall conclude vii
obgc rvaons some other topics connected vii
genera! subject, and by means beyond the propc
range belonging 10 The debate
The first specific charge against the Secretary Of III
Treasury is the sale of the bohd held ~ the Govern
Iaeni against the present Bank Of she United States
which yable in lcJ. The disposition Of this bon
was gunUrz hy al act OF Congress passed al lis los
session. II IS claimed that lhc sale made on term
rot authorized BY the law, and disadvanlageCus
! the Treasury, 10 authorize belief that there
Intention to favor ihc Bank Of the United States. hc
| the purchaser Two objections have been urge
against the legality Of The Transactions; that the pay
men, no, made in money; The other, that cr,d
! allowed, which the law did not authorize. BY th
terms Of the act the bond to be sold tor money
| hand, and at sum not less than lis par value tn
time Of sale. II was sold for lis par value and l
ayas Of the bond agreed be placed in special d,
site in the Bank Of the United States, TO the credit Of III
Treasurer in specie or lis equivalent. IL was also spl
lated THAT the Bank is 10 keep the money safely, I!
drawn on, by the Treasurer, without making chag
to the United States for keeping Or paying II out Ii
| drafts These the Of the sale, appear
| from the report before me; but w not fatigue mysP
Others by reading the correspondence Ii is elaine
! that because The act required payment 10 be made
money, nothing but gold and silver could be received
The Senator, ufcr having long and stlrnuousIy COZ
tended for the receipt at The Treasury Of the paper
! specie paying banks, seems getting back 10 h
| bard money notions OF lS4 But there nothing
this argument. All public dues required by Ia
10 be paid in money. The customs, the receipts
| lands and all other public dues payable in money
There is nothing in the act 10 distinguish this paymer