Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-02-07

uf Cnrrip..; but he descfiots TIE process ny ""' NV
,ssrr i; IN b. brought about hu can read Tins gov"
md no, teeI that the country is in great dan
Ger; The magnitude Of the evil no one VIII oe"yI,
This sir is very grave accusation; no less nun w
siam on the part If the Executive 10 supersrde 'he au
rv OF Congress, upon subject of the deepest '"'e
10 he couuiry , =. ~
Well Sir on what foundation does il resE Is IL sup,
ported by The report Of the Secretary OF 'hr
lIas aIr Woodbury. furnished evidence against nun, ~
Of having conspired with Mr. b'ou'e 10 ;i h v,ry
,innal Bank without aw' This would cer'h'hy We VIZ
extraordinary II is apparent tina, this 'r'ghlu' picture
Of danger wrought up with 81 much at, Is a,;on IN
alton of the im4ginut"n- that II has u" oa
fact derived either from the report or any o'he'
Is it no, surprising aud lamentabie, that any e 80
on this floor should take up the mere ihs'h"'r"s h
-Oprosilinn presses, and make mem Tue o A. o.
Grave charges against the Government: E'e" ','
die, the Senators own witness, orafs "s""' ~ I,,
h,, h. Inns found il necessary to assume me powers "
Government, or al least 10 fall back into MS oo poS
of National Bank, TO carry the county ",'"s
late crisis to sustain American credit at n""e anu
abroad Ia pro,ect chartered rights, MAINTAIN me Puoc
f,i,b and restore and regulate the currency but nav
ing accomplished all this, he ubdIcales' re'res, anu
throws of the Of empire lie mas ho 'U"s, ao
co,royasv with lie Government and is reserved mere
after that his Bank shall be confined 10 us appropriate
onbera or action as u mere State institution IL tue
Senator will place no confidence IN the s'aem'm's VI
the Secretary of the Treasury, ought he 10 discreu ''
own witness? Shall he be permitted 10 use VT. p'uue
IA a witness HJ1lnSt the AOn'lnlsVdllnh anu 'I''e' "
aside when his testimony is in their favor Or IS lhe
testimony of The Opposition journals, on s"o I. Y"
this kind held in higher estimation than maj 81 ''r,
BiIdle: Bn, as totally un"unded as Is this imaginary
coalition and conspiracy between the E5ecu'ive ""u .le
Bank Of the United States The Senator really appears
TO believe it, and in The emphatic language oil BRUSH
statesman on memorable occasion, declares, IN the
name of my country f'rbd the bnnns!'
am some what surprised, SIR, al the a'insion 10 iie
memorable coalition br,ween MIR Fox and Lord North,
which was so unnatural and preposlernus as 10 nav
shocked honest men of all parties IN Eng'"""' ~ op
peoJs to me that hat We witnessed inc "ne' 'dy' "
the Senator openly took his sland win 'r thf"es VI
the Administration the old opponents ct Democracy
that that was a bearing much nearer resenoiance
to the odious coalition to which he had referred But
however under other circumstances. might nave re-
GREETED the occurrence after what have witnessed, /,
for one. have no disposition To t0rbd me b0n"S
Mr. President the next accusation Which VIII NJ"
ticp is that the Executive does moi desire ihr es'aps
nent Of the Sub Treasury system but that MS real III"
ect is to restore The State Bank d. p"se system "n'r
gnlaed by Eorc and subject entirely TO EIcc"hre "S
ton THE practice ni the Executive. says the Seha
tor in his published speech, seven while protesting 70
have adopted the Sub Treasury system afofos we nos'
complete recognition OF the superior va'ne ahh adVana
g.s of banks as depnsirniPs and fiscal agents 1h"y
dpprecaie il is true n connection with banks; hnt " Is
ifogi connection sane Toned and regulated by in7r II
seems which they dene cate. not ore deTrnd'ng on I'm
ecutive discreiiOn. Mt Only the practice 'i The A"ni
niStration hut the express language both q" the fT'si
den, and Secretary If the Treasury, r. c"gnze TIE men,
and in the present condition n the conu-iciai w"o
amos. the indispensable utility "f bank agency ~ he
fiscal Operations of lie G"v.rnncrj hui they are Tor
having Inv employment 81 hantS I" The WW ard d'sGf
ton of the admins ratnrs Of the Government
Sir more grave and serious charge than this crn'd
not we'll he made ogains, the Executive officers "t the
Government What IS it hut 10 denonnre The President
and his Csbine, least the Secretary Of the Treasury
attempting practise base fraud upon the c"nnry
The Administration preach thing and practice aT"-
tler: The Sab. treasury scheme. aiIh"ngh still recon
mended. and earnestly recommended IN omshnd nrh"
ed p0SSity bp dressed in fact il virtually ihand"nea
in argument - The pPnpl ut the Y. :. are i"Ih ny
Senator his place ha, although III" President has IN
three occasCrs, in his most solemn ETHICAL rnnrnnra.
tons, RECOMMENDED ihF entire separation I" The h'chl
Gomez rms of the Government, frrm all banks. and las
earnestly and with grai ability urged upon Congress
the adoption of ia, measure'hai although the S-cte
tary Ct :he Treasury in three official reports on the IT,
names, has urged the adoption OF the same measure
AID attempted Ia show ils practiCahv. safety, utility,
and beneficial influence outstanding all this, he
Senator declares Ia the unry. That neither TIE
President Secretary meant any such thing; That they
did not desire The measure 10 be adopted and "er" only
attempting 10 deceive and cheat the people, by false
issue as their real purpose the Stale hanks,
and they only wished get rid OF The restraints 4" law
Could any thing add Ia the extraordinary character n
this charge, ii would b" the fact that u comes from ore
who during the last session of Congress- repeatedly ex
pressed his astonshneut at The prrtInacliy with witch
this measure pressed upon Congress The lnrgunge
Of the lenrman and others an"rg his present TRENDS,
ell mus, remember They really ast"nlsled at the
perseverance and ohsiinacy of the Executive and his
support in adhering 10 this measure. In their eyes,
we seemed al 10 be perfectly infatuated reckless Of
sequences blind 10 what taking place around us,
and totally CARELESS Of public opinion which every
where, it was said, had declared against 1t, and yet
III" same determination was manifested I" carry 1t
thrcrgh II mus, be forced upon the country against
the known will o the people and al The sacrhce "i Inc
mos, important Interests Of the country. Such was the
language of the honorable Senator few months ago,
who now ;ell US that The Administration is not sincere
in pressing the Independent Treasury plan, aud only
wishes To avoid all legal restraints in the of the
banks fiscal agents Were gentlemen sincere then ?
If So what ought To he thought OF their present decla.
raons /? But. Sir. this charge OF deception nnd Inrn.
silion prac,sed upon the country, cann" be c"rt"Fd
to the Executive must apply equally to the supporters
Of tha, measure in Congress. We must all have been
parties 10 this fraud, and equally guilty with the Presi
dent.
Well Sir, on what authority is this grave charge pre-
fered against the Executive and his supporters in Con
gress' Two circumstances ale reeredlo the practice
of the Treasury and single smhk ni The PRESIDENT IN
his message and a suggestion at The Secretary IN his
report What The practice of the Treasury has been the
past wear, have already examined. The Secretary
has placed the avas "f the bones, and other payments
made BY the Bank Ct the United Siat1s in that Bank,
on spscia deposiie, TO be drawn out The public
vice might rex ui'e This has been The only nmn-ctinn
between that Bank md the Treasury II has employed
four dsposte banks, under the act of ls6. which was
obligatory upon the Seer tary; aud t has made tempo
rary special dePnSeS III sixteen DINER phhks at P"ihs
where other Repositories provided by law, and
where the safety Of the revenue convenience OF tie
service required it, From these facts IL is argued that
the Administrator. IN conducting the finances praccrs
upon the bank dspose and thereby gave It's sane
ton 10 it. This is strange argument, truly. The
President proposes change of the financial system and
the establishment Of ether REPOSITORIES than banks. his
measure the Opposition in The House defeat. and then
turn ruund and charge the Administration with having
no confidence in the Independent Trrusury plan, br-
they have been compelled ~ conduct the nancrs
partially. at least, upon the old system. Who ever con
tended that the bank dcrusIte could be- entirely
dispensed with without providing repositories aud
FIN encal agents as q substitute Tor the banks:
Blu, although TO substitute was provided, The con.
Germs Of the Treasury have been conducted the past
year with very little employment of banks NlIh
the exception of The tour employed under the act Of
1886 and those all al unlmportau points, banks have
either nrnerhl dcrn-IlnLIea Ga-