Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-31

"uns'nncfs required MIR RIves 10 weigh well every
~ofd ~ That speech, and thus prevent himself IRON be
ing misunderstood. But to the extract
SIr, the Hon Senator from South Carolina has also
told US that long the Government itself rsrerc
ana pays array hunk notes. IS an insult to The under
standing, 10 discourse OF the pernclous tendency and
uhconstitntionally of the Bank of The United States
mat while The Government by doing treats bank notes
as money it only hos the right but in duty bound
10 Incorporate Bank of the U. 5 and that the CUES
ion OF the consuionaty of such institution can
!cry arse. Only when the Government shall refuse TO
receive any thing int GOLD ASD SILVER ~ PAYMENT OF
TirE PUBLIC DUES Without stopping present to ex-
anime the reasoning Of the Hon Senator reasonng
WHICH, 10 my mind Is entirely unsatisfactory, inasmuch
rs It makes great question OF c0nsuGna power, To
depsad the fixed and mmu,abie principles Of the
Constitution itself, but in effect The will Of the
Government, may happen TO Go, not 10 do par.
tIcuar ,hng)-without stopping, say. sir To- examine
this ming nj present. Will say 10 he Hon Senator,
that, seeing so man. ADLER gentlemen, himself among
tie number, while admitting the vital Importance Of the
object d. clnng the task of its prosecuton ptdge my
self To present this great issue in the shape in which
only The lion Senator thinks it be eg:limatey pre-
scented.
sSir of all the reforms social, political economical
required br tie great interests Of the country that
%hlch is most urgently demanded, and which promises
lis accomplishment, the largest results Of utility
curiy ali public benefit, is, beyond Comparison, the
restoration OF the Government 10 what il was intended
by the trainers Of the Constitution to be- a HARD
f1 H.,
Mr. President, Of regarding the evils Of the paper sys
TEN necessary and incur06c, and OF being content
with the d"asvc paI!laon oi those evils, supposed to
BE derived from the controlling supremacy Of National
Bank. Nothing IN my opinion IS more dSmDnstrable,
than that the great evil o that system ruinous iuc
tuaonS arising from alternate expansions and contrac
tons OF bank issues, making lottery la effect of pr
vale iutun ana converting all prospective contracts
and transactions into species 81 nambling-noihing
can be more certain, than that these fluctuations (and
we have striking proof OF II in the present dstesses
81 the country assd inslead Of being diminish
ed by the existence of institution of such absolute
asc"nGincr, that when il expands the State Banks ex
pand with ~ when II CONTRACTS those banks forced
in seIi-deirnce, TO contract also Whatever influence
such an institution may be supposed to exert in pre-
serving the snundncss Of The currency, that object
"onid be nuch more eiirclually promoted by return
a. lar as practicable to mtaic ejrcuiGt0n The first
step lo"aiis that return is 10 let the Bank of the u. $
Z" down lis mates being Withdrawn, the convenience
OF travelling alone would eIately creae a demand
iof EO!d CgnE, as substitute, and enforce the necessity
OF corrctiss that differentiation of them al the mint
which IS sad 10 have contributed 10 their dsa appearance
J! concurrence with this, let measures he taken rs it is
~ ieVtd eli cual Treasures may be iakcn 10 discourage
he :, suppress The circulation Of bank under Ger
low denomination, cn ~ cniy dullars) Of which the
f / would Le 10 produce another accession to the me-
aye cIrcuhlITg medium The ordinary channels OF
'ni."n brG thus supplied with gold ard silver the
government would be prepared, without hardship 10 The
pubc creditor TO require payment OF It's dues IN specie
aud thus realise reform, than which nonr could he
deeply tate resting, III every aspect, 10 the safety
and prosperity OF the country.
''Sr, here is an object worthy 10 engage the most
iuus laboTs Of The patriot mud the statesman. and feel
persuaded that. with llthC Of the effort aud talent dal
ly expended IA Tie erhemera' contests of party, we
should see it hspp'Iy accom- ishpd conjure gentle.
tieEIen them with abilities emlnenlly fitted tor this
great work leave the Bank Of the U. States 10 it's
:ae-a tate already pronounced 10y the voice Of the
tlcn and called for by lie highest cnnsde lions con
ueotsd with he safety OF our tree insu,ons-and TO
bling forward Their powerful aid effort restore
the Go"crHIHrn nj 10 It's tue constitutional character and
dtslnatInn.-thal OF A SIMPLE, SOLID, HARD.
MONEY GOVERNMENTS
The reader will perceive, that in the commencement
Of this extract, he lays down Mr.. Cahouns argument,
with singular precision aud rxacrness, and seems quite
DESTROYS indeed, that it should be rightly understood.
..nd what was that argument: Simply this-lhe Go
yrnIrnt must fall back upon the resolution Of 1889
collect is dues IN specie and pay lis creditors
the constitutional! currency the Government
should GIres itself OF all with paper money
before the corStiiu!lona! Objection lo National Bank
could have the least force Such vas ':lhe issue
Grrrd by Mr.. Calhoun, and such The issue Inch Mr..
Rycs peircd himself 10 present to the American peo.
pie ilas his ''plcdyC been r,Ges meu; Has he pre-
srned that tissue? Does lie stand upon tia, high
and rrviable constitutional ground - hch he occupied
III lr3i;
Ile then regarded the Government Negligent Of lis
dUtY III net ptuTnlDp With ali Convenient speed TO The
principles Of the Constitution. The securing of such
return he regarded, al that time the greatest re
form that could possibly be eieced-as deaervn
the aids of the patriot and the salesman required
by the great of the nation The tanners Of the
Constitution believed that they were forming hard
ney government and their principles and opinions
had beef departed from IN s administration, Mr. Rivrs
VAS drsrDus OF speedy return And that return
to b.. ritslcd by leaving the Bank Of the l. States 10
lis fate az the first step; then all small notes were 10 be
! If IIn Slnt Lon, md
const aucncr tie channels Of tlsir circulation 10
be flied with gold and silver; and arn the c"nsumma
ton so much desired was 10 be sTcurrd-iEe public
dues were t. be- required IN srccle-baTk paper
rnre to be- received-the connection suhssng between
lh, Government and the Banks TO be seyered-ihe
former was TO be independently and the latter 10
conduct their business separate and apart from all GO
rcInmenia action
And mark the warm appeal in The last cxtract!-Iie
nyokes men forget their party prediEecli"nsio give
up tn ir party assocIn,Ionslo think OF The u
States Bank-io ao.t the banner Of t!Ir Constu-
tion-to rally around II, and restore, by united and vi
gorous excrlinS the Government; 10 It's gInal chnrac
Ter and desnalIon,-"that of simple, solid, hardIno
ncy Government After such lGnguage-alt appeals
so strong and powerful and after such and
decided cGInInt GatiOn Of raid and SIrcr metallic
,aoncy-he and his friends have the brazfn faced Ell
ronlery 10 tell us, that he occupies The snme posi-
lion now, hiuh hc occupied IN 1881 he has
no, chlnred and that all the change which has taken
ION and the advocates Of ihc lndereHient Treasury
Is there single man, whose mind Is Tce from prejudice,
who can read these extracts and not be as!onndrd at the
folly, the Impotence, and the wlckedness which such
denial exhibits; He and his friends must surely have
relied much upon the gubIhIy OF the people Of Flrgl
mia if lie and they expect thus 20 deceive them.
The construction which have placed upon these ex-
tracts said by the COnserareS 10 be erroneous one
deny the assertion ard mean TO prove that my con
structiua is The right one-hat ii s the construction
which puccd upon Them al the time u their deli
very. by different mebers Of the l. s Senate, aud by
individuals different parts Of the Uniun and that that
construction must have been known 10 Nj RiVes, and
that he acquitscet in it fully and entirely. On the
20!h day of January, 1884, Mr.. Webster presented Ia
the SenaLe series Of resolutions adopted III FaneuI
Hall! expressive of their views upon the removal of the
Grses and addressed the Senate in support OF The rea-
soung therein emplnyed In those remarks he alGdes
To Tie different measures which had been proposed for
the future regulation Of the financial matters Of the
ton particularly the opinions Of Mir Rves,