Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-15

and CIil2'ns eau W 49,
VIZ and rhlsdipla inr the cos, OF transporting spe
RE 1, these places nmd insurance, which Is per CENT
as the banks - usriTts prove, by an actual tfahspo
ton of The si!:ts ,or
su,!l $ tie utinrncc of The u S Bank upon me e1
changes. No rsilrc'iug fan TO SEC u
SubIreasuty Ill br lar more slln,ar' 10 i's r. ht
IN this respect because J., il viii restrain h.aco
from that vicious Il Gdtncv 10 over iSsue'' ~ N -:
1T 49,, BID, r ,hc u : Bank declares IS the
,c.s,iza,ion nC Inc exchanges I'd u VIII 10 m''eu
* emit furnish drafts IA the transfer u 'u"s' W.: 80
b, used as bills being drawn against acloa' sP'es ~"
-, 80 lbs az banking Who, then, should wish
:, .,olo,e me Constitution 10 establish NATIONAL bahh,
u,rb does not restrain but stimulates NE e3eesSrs %
he local banks; which exports specie when iheiteS
with the politics nf the country, which produces c"n"fr
cia distress for political purposes, whicn p'oouor'
bi,an impor,alons and thereby creates io'eg oehS
f,r the nrccious metals and endangers The loeres OF
the country without, stnrding any prac'cnl nenehs.
If il bp The duty of The General Government as the
Fdsrsl na;y cunierd furnish and regulate national
currency ought a, Innense power 10 be placed IN me
hands T an irresponsible board at bank directors ID one
or The Eastern cities? Is such doctrine monstrous
and anti Republican in the extreme;
Another effect Of National Bank is The destruction
Of cunurrce by the means Of the accumulation
occ.nai and the concentration o the national revenues
IN tie Eastern cities, effected by National BANK
has been shown from The statistics oil The country that
Southern commerce has always declined WIN Tue ecu
biz hment oi the U 5 Bank.
Tie Immense deposited with such an ins'ltu'
ton gra,nous loan CT so much money 10
be distributed out ty the bank IN loans aho lac'es 70
The business of those Giles
whilc the cotton growing Saies produce nearly Two
thirds Of the exports Of the whole Union, they import
not one tenth of the products exchanged 'nr thtm
There is no reason in The nature OF things "hy o'he
States should rl0Dnpolse tie commerce growing ou' o'
on, staple circulous trade. attended with re snip
,nerts is a!ways more expensive than direct trade
Beas are higher al the North than at The South arc
rt;rhts higher from Europe 10 New YORK ihah inm
III
and The expenses attending on a co,stwise trade. The
Su has been deprived OF her trade ey ihe system
HIGH tariffs, the Of collecting ana oiSo''sn" M
rs"enue, and by the immense cIeoi's ms s.e =.
u;an 10 Northern enterprise through Inc agphcy %
iied States Bank Southern commerce has been kfp'
dawn hy these federal tributes All 'ha' Tue
Scu,li a. Is is au administration oil The Government ON
terms of eGuaii,y with reference 10 these SUBJECTS
81 Ks no protection and tnun,ies for ITSELF ana shouo
iiut Gc compelled to contribute tlsm tor others
pErAIcATIoN5 AND THE EXPENSES OF THE
GOVERNMENT
Upon these topics the Wing politicians have oecaim'
"a viii, all their won,ed disregard Of facts and ccum
stances Thy have compared the aggregate expenses
"i thu las, Administration wiih lis predecessors ana pr"
auuctd il cxtrayagant. without any regard 10 he s"'
isc's Of expenditure General Jackson administration
IS pronounced exravngant because the sum tnh' o. *
rend,uIe exceeds that OF the administration OF John
Idaas They have not the candor 10 tell The people
Hat Gen. Jackson purchased immense territories 81 NE
lutisns now beirg filled with white population lucy
son moved the Indian tribes West al the Mississippi mat
Judlan have bren incurred, That Territorial govern
meats have been established that land nhces have oesn
organized that The Federal judiciary and The post routes
ana mail facilities have bern increased and extended.
that army and navy have been enarged that all these
required mlnense expense, which The acmi
n.sration Of hr Adams did no, incur because IL mao
not The ability effect these obi Jets The FEDERAL lead.
ers AID keep of the ul:y o' all these
ACHE Of Gen. Jackson and lest he merits Gi MS
administration by comparing the sum total OF ms eS
penses with Tia. of his predecessor who achieved no..
thing for his country beyond keeping up The ordinary
routine OF the AdnlIuistsa
No allowance is made 10 Gen Jackson for improve
nIen.S for The exclusion Of territory, or me CROWN OF
empire By these Fedora; Gccusers, but balance seeto
expenses al er the manner Of gr"cers clerk is srnck
b.,wt en- the administration Of Mr. Adams ana NtnrIai
Jackson and held up nailible tombstone OF lhp
relative merits OF the two ADMINISTRATORS. sort on
political arihE'ec, VIII CHI obtains only With wing aspi
rants Even the indemnity for spolIa,ons OF "ur com
niecp BY foreign nations which went unadnsied oy past
administrations but the payment o! which vas SECURED
by the perseverance, Of General Jackson being ound
amnus the disbursements is set dcUn by The tceral
orators Of expense and cxavsgarce although
it received and paid out by the Government
10 Tie claimants The intelligence OF the people IS
guficient protection Su." I--f-~ed
seRlalion. Moreover all The expenses complained oil
cane from Congress The shape Of Bppropreions end
have uniformly been voted Tor By the Nhig party in
Congress.
TIE subjec, Of the defalca,ons is another topic upon
which these federal orators have dwell loud and long
it has furnished political capital 10 oil the small fu!i'i'
cinns Of that party The Wing leaders, especially have
goad il piece OF peculiar good fortune ana
seem 10 regret that these delrqncncies were not ten
times greater than they These orators OF woe nave
howied the eiaulers, like wolves around pehioJ
Tia, which is the country loss and misfortune seems 10
be TO them matter OF congrauallnn and exlauc Joy
They magnify the loss, and exGt over II, as though II
were their passport 10 power.
Tie federal orators forget that defacaons and Losses
have occurred under all administrations, and much more
under former ones, than the last or present.
They forget that the government lost ten times es
much by banks by individuals, and that the present
disposition in the community neglect 10 comply with
obligations was produced by The spirit of speculation
and The loose code Of morality engendered by the Wing
banks They declaim loudly in this State about the
defacations Of Harris and Boyd bS whom The Govern
ment will not ultimately lose exceeding few thousand
dollars, if any thing; but they say nothing against The
two deposite banks this Stale who IN default 10
the Government for nearly OF dollars II is all
right Tor them 10 violate their ubligations-thty are
good Wig banks, and must not be censured.
That upright and excellent Officer the present Secre.
tars uf the Treasury who, Judge, Senator, and
as a member Of The Cabinet. has discharged his cav
with integrity and signal ability has been made The sub
jec Of much unjust abuse account of these driii
cations; and has been charged with Lending
them his coun,enonce because, his accusers a!!rgr
he did not them when The dea'cation was ascer
tanned. The charge false aud sandernus IN every
particular, as the following document Will prove:
"rNEA.URY DEPARTMENT,
December 81, 1885.
'.Sr In answer 10 your letter Of The 2Sh instant,
would observe that in The document IL sent 10 The
House Of Representatives in January last Mr.. Harris
the Receiver in nnte No d. page 49, stated 10 have
pad part Of his balance, and The remainder 10 be well
secured.
ain Mr. l,ovd's case il is understood that The balance
is ell secured and in The Of collection Such
presumed to be the balance agains, Linn, being N suit
and one Of the suretics Of lie latter being Governor
Duncan Of Illinois lie not in default when re.
appointed
"lhe officers ecrc all dismissed, Meyresgncd, soon
as the Laances against diem appearing The current re.
pad directed or satisfactory rea
not giusn for Postponement.
Spencer is not, and yer has been. defauer the
hooks, to my knowledge. He delayed making u
depose from badness Of the roads but it made as