Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-06-12
LEr-n IL NJ Inr., i,rln


readers that General Harrison long AZ" declared hun
sctin fax or ot L. States Bank and that his views re-
man hanged The truth IS, III The present con-
test for the Presidency much acOn,"St on the bhmk
question as ever Clay, the great leader, mana
yer and oracle of the Wing party, the who, It iar-
rison succeeds 10 bc the SOU oi the government Is
declared champion OF nationa! bank lie has never
withdrawn the plan which he laid before The last Con-
press his beau IDEAL Of a bank his scheme of great
central moncd institution with Mr. Gdllan Tor It's head,
which was 10 control the currency Of the nation.
Nor have the Wing orators or Wing presses gwen
IN the battle for National Bank. What else mean
their constant illusions TO the disorders oil orr curren
cv accompanied with the hlnt that thcrr Is remedy
They do speak III riddles; their remedy IS Nnt'on-
al Bunk and so every body understands them, and 50
in fact iher would be understood. What else means
their talk about the best currency in the world winch
this country they say, enjoyed before General jackson
began his var upon the bank: TIE reign Of The bank
is IN fact the golden age 70 which they are pcrpruaIly
looking back and for the return of wch they anguish
like lovers IN unwilling absence. Many OF the Wing
journals even openly profess their attachment TO the
policy Of National Bank.
Rely upon H. the moment Harrison and his friends
INTO power 1t that event be possible one OF Their
first measures will be National Bank Clay :
fayorlc scheme yl!l be hroug, forward IN earnest; the
great remedy of winch have heard so much will he
applied; The golden are Of powerful central Bank,
chartered hy Congress Will be- revived. But have
brivr that another scheme no less dangerous
will be connected with IL.
little whle since III" prints in the interest of the
Whg part" uIi Of the scheme Of making the Gc-
neral Government responsible for the enormous debts
OF the Statrs-N hen the subject was brought before
Congr,s IS the Wing members excrted themselves TO
the utmost I" prevent decision against the project
Afterwards they brought owardand zra'nusy support.
ed both IN Congress and out Of IL, plan to reach the
object, by distributing the proceeds OF the pubic
lands among the State Governments. The consequence
s that TIE of State stocks in Europe, the pow
erful banking houses which the creditors OF the
American States, regard the of the Wing party
Their cause, aud earnestly desire the election OF
Harrison.
Should the Wing party succeed, II is hardly probable
that direct proposition will be made to pay the debts
of the States OF the general treasury nor IS 1t very
likely that III" proceeds OF the sales ni the public lands
viii be upporiicned among The states 10 pay Their
debts, Inasnuch they Will be needed, under inc
magnificent auspices of the new administration, Tor
other purposes But the same hcct may be reached
in another way; the general banking law of this State
has gwen the hint and the example; the charter of the
new bank NAV allow The State stocks to be subscribed
md paid capital, and thus the wishes OF the Eu-
ropran iundmongcrs Will he gratlird.
We have been assured that such plan Is III Serious
contemplation, and for part We can imagine nothing
more probable. That there Will be effort and Il
strong one, i; the Wing party are successful in this
election, connect with the establishment of Nation
al Bank scheme for funding the State debts,
who knows the activity Of spectators and their agents
and tho perpetual intrusion ofeIr antiques INTO poll
tics can ;r a moment doubt The ,:hoe course Of the
Wing party nearly year past points man!eslly to
such a result.
But whether tn" plan be 10 pay the State debts out of
The general Treasury, or to distribute the proceeds OF
the pui,c lands among the State Governments iiy way
OF relieving them from the consequences of Their extra
vauanrc OF whether the indirect and adrot me-
tod be adopted Of making the State stocks TO for
the capital If National Bank the general effect is the
same the owners of State stocks al home and abroad
arc identified in interest with the Wing party. strong
is thus rallied 10 their support, the subtle
seepless influence of avarce The iundmongcrs in
England and lsewhcre will, Of course, make common
cause with the Wings and such means OF persuasion as
they can command, wtll not be withheld.
II BY the expenditure of million or two to promote
the Of the Wing candidate, the value OF their
immense of American stocks can be raised three or
tour millions IN the market the operation will be proh
able one, and t"y will regard the money as well en-
ployed The preparations for the election campaign
on The part OF the Wings, have already been made on
a scale OF prodgious expense and mngn'ticence-wit-
ness their great Convention at Baltimore Let their
future movements BE- watched.