Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-10-17

complaint against the Administrations, mat
6 We look upon its abandonment o. INC currency as
futI and we regard its system o suh.lreasures as
but n poor device 10 avoid high obi'g0''oH.
What obligation not furnish gold aud silver the
only cgai currency known or recognize IN The Cons
tuition: Oh no 1t is not this which The adnnnIsfa'
ton has fatally abandoned, hut the manntacture q pa
Der. The f." high obligation here hinted al, Is clearly
a.; forth in The Whrr Resolve of the Massachusetts
Legislature, March, l>5S-
Eesolrtd, That the ub-Treasury bill, By making M
provision for furnishing currency IN a"d 6erec" M
Stuernt States fails Of performing duty authorized BY
The Constitution whereof
And his is recognized by the Wing declaration
which demands OF Congress currency both metallic
and p0per for the use of the Icho'c country
If then the Wing declaration means any thing, u
means that the u. S. government must furnish paPc'
mOnfu FIR he uh0le c0urtry and this paper money mus
he made legal tender; for in his speech al Saratoga
Mr. Webster (who is also the presumed author at the
Wing decaration) said, "untri the government shall DE-
wise some means q say not wHAT) OF rhsng The whole
currency Of the country to the level OF gold and silver
there can be no prosperity m
Butwhy not tell us ''arhat2" "SOme means" Uhat
means: As Mr. Webster said TO Mr. Haynes on null.
6cntlon 81 thing be done, an ingenious man can
tell h0W!
Ii is OBVIOUS that this "means must involve the duty
in Congress of either ahoshng the nine hundred ex
istng Stale banks, with their oS millions OF capital OF
make their issues and depostes OF lsl millions, win
five hundred suspended hanks equal To gold and SILVER,
BY declaring bank bills lawful tender Either of these
powers would be- monsrous and dcSpotic and yet VINO
does not Sec if he reflects, that the most deprec led
paper always circulatcs most and hence, an L. ..
Bank were established and It's bills made equal 10 gold
and silver all over the country, "a thing utterly m
practicable) yet the result would be- that those bulls,
lust Ike the specie now, would he boarded and kept
back and the paper of the State banks fill up the cur
rent rculalon. The merchants and bankers would
have the good paper and the laborng man get only The
bad.
We hold our opponents to say then, whether while
accusing ms of beinr enemies State Banks, they do
not IN fact mfan destroy all State BaRks and drive
their paper from REGULATION by National Bank, or by
the power they claim in Congress TO make paper cur
rcncy Sin and between the States, "ior the whole
country =:
If they mean this, they the enemies TO State
Banks, and mean to destroy them, II they get INTO
power.
If they do not mean this il they do not mean to usurp
n power unknown TO the Constitution, then they can
exercise no power the currency that this Admins
trn,ion does not now exercise coming money, col
Letting keeping and dsbursing the revenue N the legal
currency of the United States and leaving the several
States 10 regulate their banking interpretations
How nrxir.cablc then the pcrpcx'tirs IN which our
opponents are involved. They clam power IN the
General Government absorb and control the curen-
CIV and vet pretend TO be ihe exclusive friends oil me
State Banks that must be destroyed 10 carry out their
scheme They insist Congress authorizing bank
bills and vel; forget that BY the terms OF The C"nsiilu.
ton Congress has 10 power 10 punish the forgery oil
such bills for IL 0ny punish counerr'i NJ III" Sc
curities and current of the United States Did
the trainers of the Constitution give power to Congress
To establish paper circulation obank bills tor money,
and withhold the power TO punish the forgery oil the
United States?
Ouropponrn,s are neither frank consistent. They
eyndc the question of an United States Bank, they de.
nnuncc the borrowing OF money on Treasury notes,
Though the Constitution expressly says, congress
shall have power to borrow money on the cedh OF the
United States, and yet "look upon the abandonment
of the currency by this Administration as tah'
And at the same time, they hold up Presidential
candidate ho declares his conscience (and that too,
while II was honestly in his own kreplng) "therc IS
no construction ican give the constitution which would
authorize the charter of bank oS TuC GROUND OF ~.
rorrI>G FACILITIES TO CONVERGE.
Whv then do the Northern Wings, who know they
mean Ia nix and nothing but bank, support General liar
rison who declares himself opposed 10 bank for the
only purpose they want one. ltactrs 10 traae,) and
who is held up by his supporters at the South and
West as entirely hostile 10 United States Bank
The answer il seems TO us, only be found IN the
facila texture Of their candidate Since avcrring and
rcalirni,r ha, his conscience would not allow HIM 10
consrue the Constitution favor ola bank to regulate
the currency and facilitate commerce; he has, while
refusing give any pledges as I" his opinions of ea.
snrcS virtually pledged hHsrlto veto no lax that Con
rress shall pass--thus abandoning, in advance, the
hrest dnty the Constitution and the oath Of Office
inns upon the Executive For declares that "cvery
b before il becomes law, shall be- presented to tn"
President If he approve he shall sign lt-hn II mol,
1T SHALL RETrES 1T, Win ms DIRECTIONS
But every Presdent swears al his inauguration 10
sign no hill which he does not apprOrC. Gen. Harrl-
son declares that Bank Except for revcnueO would
be UNCONSTITUTIONAL and yet pledges hnSr IN advance,
if elected President to approve what he believes t" be-
n violation OF the very Constitution he wond have
sworn Ia support
Can the party, with such professions, such practices,
and such candidate, justly charge this Administration
with want Of Sinceruyo
7ssumption Of State Debts.
There is one other intimaon in the Wing Address,
that is full Of deep import. II has n" disclaimer OF the
alarming project of assuming the debts Of the States
nv Congress On the contrary shows the in
eres of the holders Of these stocks moving that pro-.
ceeding. The declaration says
1--WE believe the camor against State bonds and
State Credits to have been raised by the friends OF the
Administration To divert public attention IRON It's own
mi management.
WHY this sollcitude about Siate bondS, this charge
upon the Administration of running them down:
Mr. Uebster as the chief of the northern DIVISION OF
the Wing fnces, put forth tins declaration IN favor OF
State stocks Connect it with his recent mission to
London. with more liberal outfit from the money
changers than provides for lis highest MN
rsiers RecolIect his letter TO Barngs q Brothers,
dated Oct l6 $780, for the express purpose OF raising
the price Of these stocks, Of which THIS British house
holds immense sums. connect IL WIN lHe Vi
the Barngs two days after, oct lS) calling on the u
States 10 assume these stocks, hy "a National p'edge.
Hear Mr. Webster in the L. S Senate Just after his re.
turn from England, proposing, instead OF treasury
Notes. that government should issue stock, and sell IN
the London market 10 his clients, the Barngs at four
and half per cent, and begin again national
debt to pay interest 10 the British fundmongers-t to be
followed bv assumption anda National Bank.
Remember that when Mr.. Bcntons resolve against
assumption was before the Senate, Henry Clay moved
IT'S indefne posponemcnt, the 10Th of February, and
Messrs. Webster Davis, and the Wing Senators voted
to postpone while every Democratic Senator voted TO
test the question Remember too, that when It came
to the question, Mr. Webster moved adjournment,
and failing there cf his seat with Messrs jOhn D0ris,
Clay Cr'tlenden, aerrick, Southland and Tallmadge,
and did not r0tG!
Take also the following declaration, boldly publish
ed in The National lntellgencrr, late April 10,
1910, protesting against MIR Bentons resolves against
assumption and then say what credcnce ran be given
to those presses or those men, who affirm that
sumption of tho concealed to effect
which, all the paper money power of Great Britain
and Of this country, are consprng together and fur
nshnG means and influences TO secure the election Of
Gen Harrison who is openly announced in London, rs