Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-10-20

get Van l}nrcn out of the way he stands between
them and The great prize they have in view-a National
Bank with exorbitan power and privileges. The peo-
pie hold through agents elected by themselves and ac
countable to them the key Of the National Treasury
The 1onopostS and spectators want TO get the key IN
their possession, because they want the people, money
to speculate They say that their motives III OPP
posing Van Buren, patriotic; they SAID the same
thing, when they opposed Je!ierson MADISON ana The
late war with Great Britain Jefferson Embargo and
Madson's War stood in the way of the money -nakng
schemes of these wurshlPPcrs OF Mammon. Hence
their fierce opposition. The administration OF Mar
tin Van Buren, has kept their hands from seizing
on the National Treasury, and approprlans the peo
pies money TO their purposes OF gam; ana 1t has
moreover prevented them from possessing themselves
o the rich commerce of the South through the agency
Of great centralIzng money power IN one OF their
Northern cities The very States, cites, counties and
towns which begui!cd to make the heTcest oppo-
son to the administrations of Jefferson and Madison,
are now calculated with the most certainty to
throw their wcg ht and influence against Tie adin'-
nistration of Van Buren,. The Northern sPecula-
tors calculate with certainty upon massachusetts,,
Vermont and Delaware They are sure OF the city OF
Boston; they dread the general result III Virginia. but
certain Of getting the old Federal counties OF Au-
ruSta and oudoun, and equally certain tat te good
old Tenth Legion OF Democracy, Rockingham and
Shenandoah, Will he heavily against teih ! ne same
and devices and regular system OF msrepresenta-
ton, which succeeded in making Jefferson aud NladI.
son administrations unpopular IN scVeEai counties ana
towns, even in Virginia, are, with many ADDITIONS,
brought TO bear against that OF Martin van buren,.
The Important fact should be forgotten, that
during the existence Of the United States Bank
"rGsS nrClc in The streets of mast Of the southern t0TRS
and rites No did its charter expire, Than South
ern began to revive and TO give ne" lie 10
every branch OF industry, The Richmond papers are
filed with advertisements of vessels up Tor ioei@n ports
no less than four ships for London Whoever heard
of ships sailing from Richmond to London during the
existence ofihc L 5. Bank The distant Southern city
of Nachcz languIshed sand declined during the whole
20 wears existence of the t. ) Bank and was, during
all that time, dependent upon New York and ih'la
drlpha for remnants OF merchandise, at eNtravagant
prices But, Immediately the expiration OF the l
S Bank charter, NatcIez opened direct trade with
foreign countries, and in twelve months thereafter
more than doubled her population Although that
beautiful city of the bluffs last Spring levelled to
the earth By tornado, yet at the present moment II
contains greater population and greater number OF
houses than time during the existence OF tc =
> Bank. While the l.. ). Bank existed, the revenue
of this great Republic poured into ITS vaults IL
was there made the basis of paper money expansions
and loaned out spectators, merchants stock oboers
and usurcrs who appropriated II IN divertlng trade ana
commerce from their natural channels, forcing Tie
whole South and West to trade with them and transact
all commercial and financial business through 'heF
agency lfNirgina compel!edto sci! all her pro-
ducc to the merchants Of London, and to buy all her
supplies from the London traders, at their own prices
she would be- colonial province and not an ndcpend-
rnl State. But If she moreover compelled TO de-
liver over to the London Spectators without interest,
all her revenue for them to bank upon, enabling them
10 emit three four times the quantity oil paper mo.
ncy and to purchase her produce with the inflated
Bank issues prcdicatcd upon her own money deposited
with them, she would at once iecl and know her po
cal degradation and oppression. The la'c United states
Bank had indirectly the same effect upon Virginia and
the South as re coonization and suliugaton The
money winch Virginia and the South contributed To
the Federal Treasury had well, for the good da
Virginia and the South, been deposited w'tli The BANK
spccuators on one side OF the Atlantic as the otler
II was made the basis Of bank issues, and enabled the
speculaos of the Northern cities TO use the money OF
the South destroy the trade and commerce OF Tue
South No Southern importing merchants could com
pete with the Northern merchants and spectators up
held by bank, which in addition TO lis mammoth ca
pita had the whole revenue and credit oil inc Z. . 10
bank anon Competition thus destroyed, and the
whole South and West, in all matters connected WIN
commerce and finances, reduced to the same de-
pendcncc subjugated provinces Twenty years maj
rect colonization the bank spectators OF the North
crn cities has in great measure, retarded the South
in her prorrcss Of improvement. The bank specula-
tors and their agents attribute 10 SHsery the very
effects which properly belong 10 the United states
Bank Before the existence OF the hrst BANK oi inc
United States, the foreign commerce OF Virginia cA-
creded that of almost any other State-and she
was behind none i'll Improvement The money pow
or was al length centralized in the North by means OF
an L. States Bank, the peoples Treasury was de-
vcrcd up the Bank and both the revenue and crcd
of the nation were converted into species OF capital
for the benefit of class of monopolIsts IN the Northern
cities The foreign trade and commerce OF tIr2inn
and the whole South, continued to decline IRON the
commencement to the termination oi The BANK charter
No sooner did the bank charter expire, and the public
treasure was rescued from the avarcious grasp oi The
bank ,nonopoIiss, who had been using It for private
PURPOSES than Southern trade and commerce again re-
yIvrG and the sound of the mechanics, hammer was
every where heard in rebuilding the dapdated towns
and cities throughout the Old Dominion and the entire
South Since the South has been relieved oil the BANK
incubus, her progress in Improvement has been rapa
beyond all example. Notwithstanding the temporary
difficulties Of derangcd exchanges and deprecated
currency which she has had to contend with These
difficulties so far from aifording arguments Tor re-
subiugation great money power in the form oil an
United States Bank, are incidents attending upon the
transition from the despotIsm of moned oblgarchy-
robbnr labor of its reward by the ingenuity OF bank spe-
cuation to state of independence and freedom, where
industry constitutes the only permanent source OF
wealth power and responsibility During the reign othe
Bank olirarchy, industry IN bonds, disrcpute ana
dshonor, much so, that young men, who Caught The
temper of the times, almost ashamed to be seen
at work The l!ttc property which the farmer or me-
chanic had accumulated by whole life OF toll and
economy, sneered at as contemplate and mean,
when put comparison with the inflated fortunes
which had been made, in few days, by successful
Spnculation Where is the industrious and honest
farmer ar mechanic in all America, who does not at
this moment stand higher aud command more respect
than he did during the reign Of tho IT, S Bank: Then
his little fortune laughed at, and his honest call
mo of digging money out OF the EARTH making It by
some kind of useful mechanic labor considered dis.
reputable and his family looked down upon as be-
meath the notice of those who were rIong IN luxury
and extravaganza high above the heads of their bccrs
cniavng fortunes built upon the bubbles OF Bank credit
and speculaton but now after the Bank mon0pollSts
arc denied the of the public treasure 10 bank ana
speculate upon and their great Bank regulator has been
refused charter, like wafer they begin to find their
level and fast sinking from their artificial elevation
o their true station in society. When they began TO
fall their cry was, 'reSi0re hc dcpOscS and rethartr
Mc Bank, or the country will be ruined Failing IN
that they rccklessly expanded their Bank issues to an
unprecedented amount, with view, no doubt, to
wiring from the people a charter Of the Bank, and
restoration Of the dcposites, by cursng the country
with deprecated currency. They pushed THIS trick
10 such extremes in Mississippi, as TO over-shoot ITSELF
because will now have their money, and conse
quentiy the gentlemany profession of making money,
By signing presidents and cashiers 10 silk pa
per. has almost ceased to be proiessloninasmuci rs
good portion Of the paper IS about as valuable WIN
the Of The professional gentlemen as with
them After the American people had twice re-