Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-01-18

emanatnr from one OF the most respectable banking
houses in London, the head of which is the present
Chancellor of the British Exchequer and peer OF IN,
realm Of Great Britain The house IS that oil Inc wen
known Messrs Barring, Brothers and Company, and
the part of their letter which particularly relates 10 the
assumption IS this: , ,,, :, ,,c
y hs carried into effect on the scale, and with the
apdy lately projected and By the means o. SIr,gn ,t viii
bs rconired 10 raise SO large amount short time ma
onsl pledge would undoubtedly collect capital oeenet nv
ali the individual States in reckless competition through mum
Of channels render the more ana and a almost
exclusively placed the London msrkct procure %
s n business deanans banking operations and producing an
unnatural balance of trade against hs country ,h e~ecm
combination musI be adopted" !,
lcately expressed 1.-THE proposition hypothetcay Preo'-
Gated and the object Handsomely Vened WIN 'is Sc
ductye show of an accommodation ana favor 10 e .
Nothing could be more Iah 'e a,
ouaoe in which these bankers have brought forward
Their scheme but il for 10 look at the oect as
tnctly. which they family disclose ms OBJECT is
nothno more nor less than for the u States 10 become
bound, in any way they please i"t lhe pay VI III.
debts of the individual States 1t IS great object with
heso and with the capitalists OF London, IA
ria and Amsterdam The debts are OF great amount
,b.v ore greatly deprecated: and they are due from
lila nor cocrcibc though able to contract and morally
hound to comply with their contracts These sources OF
the expected means of payment, namely, Inc Pfonts
from banking road making, and canal making lnustia
with MANY and while eventual and full compliance with
tho;r bonds NAV be expected from ALL yet literal and
nmctns discharge of their obligations must fail the
psrt o some All this known SEEM and felt in Europe:
hence the depreciation Of the stocks, and hence the ma
tnra desire TO obtain the guarantee Of party less ano
malous in character more abundant III means, and more
perfect in credit The oh ject is great the party ,nte
rested in the application powerful; success to them
Is worth many millions of dollars and to have sue
cess they must operate upon The public opinion, and
upon the legislation Of this country. They must 60 10
the press to the elections 10 the State Legislatures,
and 10 the Congress Of the Union They must operate
at all points, upon the individual citizens, and upon the
constituted authorities; and they must operate by the
means and the only means, known to the moneyed
power Here then is Of foreign interference n
our affairs and of foreign influence in our councils,
more dangerous the purity and stability Of nst-
tutions aud be dreaded by US, than the orcibe
invasion Of our country by foreign fleets and armies
| II is in which ass, loaded with gold, is more
TO he dreaded than the warhorse whose neck is clothed
with thunder.
! do not dlate upon the evils Of foreign influence.
| They are written upon the historical page Of every
/ free Government, from the most ancient to the most
MODERN they among those most deeply dreaded and
most sedulously guarded against BY the founders OF
| the American Union. The Constitution itself contains
special canon directed against them. To prevent the
possibility this foreign influence, every species of TO-
reign connection, dependence employment, is const
nationally forbid to the whole list of our public fnc
tionares. The inhibition is express and fundament-
al that 'no person holding any office Of profit trust
under the L. shall, ,cihout the consent Of Congress-
cep Of any present, emoiumen office title, Of any kind
,chateper, from any king, prince, foreign Stale AL
this TO prevent any foreign poentate from acquir
ing partsans or influence in our Governmental pre-
vent citizens from being seduced into the int
rests offoregn powers Yet to what purpose NIL these
constitutional provisions against petty sovcrcignties
to invite the moneyed power which able to sub
sdze kings princes and potcntatcs if to invite
this and master power into the bosom OF our conn
ellis, give it interest in controlling public opinion r
directing Federal and State legislation, and in filling
our cities and seats of Government with It's nsinnGtinl
agents, and its municent and lavish representatives.
To what purpose all tins precaution against tho
possibility Of influence from the most nconsderablt
German Italian prince, If We are to invite the com
bned bankers of England, France and Holland to take
a position in legislative halls, and by simple
actment of few words to convert their hundreds o.
millions into thousand millions, and to take lease
the labor and property Of citizens for generations
TO come. The largest moneyed operation which wt
ever had with any foreign power, that of the pur
chase of Louisiana from the Great Emperor. That
an affair Of fifteen millions. 1t was insignificant
contemplate, compared to the hundreds OF millions 70
which these bankers are now upon US. And are we
while guarded by the Constitution against influence
from an Emperor and fifteen millions, to throw our
selves open the Vaccinations Of bankers, with thc
hundreds OF millions
1t is not the Constitution only, but the whole carl
history of our government, which Is full of this Jca
lonsy and precauton agans. foreign influence. Gu
Government went into operation with contest upo
this point and with division Of political parties upo
it. The Fcderalists and the Democracy divided upoi
it, the former headed BY General Hamilton, the latte
BY MIR. Jefferson To impose upon the funding sys
tenn the paper system, the banking system the credI
system of England was the aim OF one of the parties
to prevent these imposons the aim Of the other
| One party pushed all these systems, with natona
debt and National Bank for their basis; the othe
abored to preserve the hard money Government whic
had been made by hard money men; and to pre-
, vent that imitation Of the British systems, and ilia
connection with these systems, and depcndcnc
upon them which must end in subiecting us t
the pecunary well as political influence Of III
i English. The Fcderalsts prevailed. The genius Q
81 Hamilton, and his position at the head of the Urea
sury, gave him the victory. The British systems
all imposed upon u.s. and the result has been precisely
what was ioreseen by the Democracy iortyve and fit
years ago We have become the victims of those who's
institutions we copied and thirty years convulsio
of moneyed system the miserable subsection
TO which we have been reduced. The infamous AM
traorous sentiment, that first duty is 10 orei
has become the sentiment Of enough to make it tn
action Of the country. and TO make the Federal Go
vernment, the State Governments, and the people, tn
victim OF its trcasonous consequences From this
tment it results that banks to he broken jus
often it is necessary to break hem to tn
, banks in England that our gold and silver must b.
exported, ana our Government ana our Citizens de
pved of specie for marketing, for postages for travel
ling expenses for taxes, just often and just lon
as the English require our hard money TO be sent L
r. them that all our moneyed operations must be mud
to depend on the which the English scan,e
may bring out; and that the price Of property labor
and produce, be made to rise and fall all over thu
United States, precisely ordered and directed by thu
moneyed power in London. Our President has faith
fully depicted this of degradation subjec ion ant
injury, in that part of his message in which he says
RI that our money system has its centre in London; thu
all our banks are linked together by chain of depen
dence which ends there; that only the great cities
but the remote villages Of the interior, are linked
to this chain; that the establishment of new banl
in the most distant village of Union Immediately
places the business of that village within the infu
cncc Of the money power OF England; and that the
result of the whole is the periodical commissions ant
bank suspensions to which subject, and the es
Enlistment Of dangerous foreign influence in DO
SON. These the declarations Of the President anu
these declarations all know to be faithful history
of what suffer We know The curse of our country