Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-07-24

I.--crt mart OF IN" ruJf:l. Q! tsCsG institutions. Sgn. lie.
he., The case in England, France, and al other COM.
fr;e, having National Banks. Thirdly, that tins Goye,a.
men, now has no such debt. II las virtually non-. =.
nominal debt cannot amount 10 1,CpU,UJa and grf-
bv not exceed two millions; and this arising ,-,.
The suspension Of the banks IN ISL, and dcn0sta,
IN. SURPLUS revenue with the States. Now : 1, dom
Justice 10 the memories Of Washington and Madison
the tenor Of whose opinions throughout were in op,n'
,ition TO the banking system, 10 say, or suppose. file,
were now present under such different. and more .aYn..
allie circumstances than those Of i71l, and ls,G. ,..
thor couId be in favor of creating anyt.e. N,,,e-f
Rank; or that either would b- willing 10 plunge The {
yrrnnent INTO q much larger debt than 1t In. ey..
crcd. sor the purpose Of making 4 greater bank c.r.
l,al than any that has heretofore existed ta.rr
such assumptions an abuse oEthe meuorir. Of thu
great men.
Mr.. Jefferson, always opposed 10 a Bank Of the I :
both on grounds of constitntionalI'y and e1pediea.,
took his stand against the frs: Bank Of The E. : -
earnestly adyised Gen. Washington % veto TIC p'
Hi. renonstrance, however, was u~nsva,,in- Tia
bill was psssed-but Virginia never ceased to conser.
II MS a rro.s mfr nre ment on the Constitution H..
Marshall, IN his Life Of Washington, states, that a..
measure essentially contributed TO lay tho ~:1un.s,ar
Of the two great political parties in tic country
When the first Bank bill was under discussion. ,
1891, stNIr. Gales SAID, he va, disposed 10 consG.- ,-s
plan as containing a principle % tarrocablc to the Con-.
stitu,ion, and in itself not altogether e~5p-!.sa, H
show is uncon,titutoralty, he read the frs, s~ecra..,
the Bill which established Tie subscriber. ot tic Gn.
into 4 Corporation, 10 DO which, he concerted 'Mc Cma.
.titution had given Congress NJ power. lie e.! ,s
clause in the Constitution, which had been aGtar-E,.
sanctIoning the exercise OF such a power. IL.s ,c,r
only respects, he SAID, all the necessary powccs;o c,.:q
INTO effect such as were expressly delegated. that \
forming Corporations was not expressly granted r..
then adyertcd 10 The power Of borrowing m0me-. re,,s,
in Congress b. the Constitution. and controye.tcG ,e
idea, that = Bank was necessary 10 carry 1t INTO exec.
ton; il might, he granted, condlcc 10 a greater 'scli.r
-, oXo,a,.tp, ~, 4 C-yr- nv, fi., =. ~. c-vaF-s-
necessary. he denied, either 10 effect loans or esiau.s.
The Government. Ii Congress, IN this instance. b,
observed, exercised the power Of erecting Corporation.
it was no where limited, and they might, L '.tY
thought fit, extend i 10 every object, and IN consequence,
thereof. monopoiics oil the East and West iud, t-..
re established: and this would place Us, he sat, n tie
precise situation of 4 nation without aitee Cgnsu.g.
ton
.iIr. Madison then expressly denied The power o.!
Congress. 10 establish Banks Ard this, he sad u.s.
no: a noTcl opinion; ha had long entertained j. Al
nowcr. he sand. had It's limits; those Of the General
Government were coded from the mass 0! g.G-4i po~-
or inherent IN the people, and were con,ecucst.y sau.
lined within the bounds fixed By their act Of G"s..ga
The Constitution w.s this act: cndto w,rsia. Ccuz-es.
IN exercising the power, the grant o. II. Shoes. r.,
pointed out n that instruments ,ass. IS Sad a1. g.
taca done. IL presumed It could ne 5e done Il. ~
venture - co-s...- IL" Constitution. sgca c......s
Ton ou'y was aim s:.-la. = i Careful. p..'"srst.'
ire tie fte- on Ta.cA liza: Constitution = .9u...@ -
lie .&.c.:cs - the Clauses ~ The Constitution ".-a
-, 80 = .rrryi., 49,. -,wr-.r ,-r-
-, II, -: ,a ..r15 r., End - ~ .a.. Of ,..,.
.-,..~.i :, ,.. ,.,..sra F., I'M.
Go. n....
80 - : - ~. .,
there, every gaarc set 10 the powers Of tic Goa. ~.
IS broken down, end tie !..t4:!ens oeso@a &-:i-
tory. "
ING f'oso.tIi'hs an" ieP0.' y ~ 49, rs
,rale l"e @'ga' ''.i,oi '"IS 80 " go =, ~
; ,'@.H4. l"s : |, =, ~ Wv
= = ~. u. -, Ca -. -''.. - -aI,r,s -. -, - 49,,
! ~ 800: -. :. -. ~ ,t..n, =.
Sy's s to'' :" . ID - -. -. R.r"r. -. 49, H..
,. Ia lfn...s :, ,-b -: .,E-.c.
~ 49,. ..r - - ,-r.sr d., -. ..
4'' 80" '"r -, ..I 49,, ., s'
'''' "'. - - RI .%,.s,l $50. D..
COM! Lon o.! 49, - . "|''"S '
t'Ia WI" s'nsE''' Ioee'
me !Vu!SH '..o'o"'A u. u" a. NV:
., ,' h .'I \, .tr,, y, "j ,,:,. y, h,,a, r p. sci K. ~.
,.-:ol G~,,cmm,n,. to en,rae Is py~rrs b, 1soaA"a.'unr e
,"r Constitutional charter "h.'. 'rha", t'r.. ana .il
winch. n.gii5s nr,I. cap.c. Hon III. .e:y !Ents4 .nr. 49, ,er ~
ths flsiar: Ani,lt.o Of uu.cdgsa:oar were fh, ~.,-'ia.!- "G.
construed, 20 q, to- t-'f"! ie meaning a.1 c-r'i u N a
5f e'u"sfateH WIN" "T - = i,S = ~. +. go M ne 4
rr-.snty. "a. ,ayIu!, rrnlcnly AID I~Ir,r4.. r...t -n.
yu.ld Lr Il tru-i.rm ii. pac.eGt 4, .. is-a stem ri i@. ta
'@a s,4'r- 90. ~ a'ssI.le e. d, 'rli a '.,s1 n"g'.h:
'tH'y''' t"eSY1' ~ * .S'-'. 80
: sy"'' -, . s-"@'! - y, 800
edeFat G.veFnMrh, 70 eh'itse ~ powers o.! .ee.'
constructions. o. ne N'"''''1',,"sI en-'.e.
"1he EeLeFa1 hsseH.o.S "-''hs I'''a'eu .t'.' S''.
on n'eFe!g'"y .eS'' t's Z" " - ~ 49,.
= '"I~'s'"s ~
t1"e" F.Iee, : :, =. r. ~ 49, ,",,,rr. 4,
80 = No. . M !-.
" me- '"s - .m..,.
~,s,T" 49, ar s"If r mrs.. 70 ~ - mnJrTs,o"j - .s,....
- va - NJ 49, 60. -. aL.l ~. I.,
-. - n,hj,D .,,.n,a, a, he.n Lee, sx,Ar,y.Iy p,
80 r. rnc",,,;,n,;n, =, No ra.,Iu,fon nav La M.
60 So - "em.s,;ann -. - ~. ~ Ia,. uE,,l ayn
.u''s" ~ = Z. Wv .- -a w. ~. I,t.,g5,
~ e"eN1'stan.es - Pas'as j" - ,Lo.,.
OF cohs'FnSooh 'n "i":H Il . '1anoe", s!.n,, ~
Ieh''oh wa" s'ns"aF io'ce, enc VIC 49, -.
aiso =! c'tcI'"''e" y, e. !" - -
4 sIt".ai 'eHuenc! i"o's 49, ,na,,,
rom I'''sH ''I' a"- 80 -, c.. ~.
.. le . 80. =. ~ 49, .'o.nnN,,rv w,rr..,
mo = ' - ~ cs - -. ,yo
ms Pr y u ~. -,anJ ,La ...r,.r
t"2"s"' ~ !" VI" ~
10 laws " n'cn my zen o.3eS'tr = '",'s. -
INC 1onsH'u''hal o's"'Ou'"" - voheIs - .'
raj government, IMAM as IN ao''''tc en"se""
them; because instances o. 'h!s sort, ho"e'e' '!'p.''s,
IN their principles and tena9ncie', 90 not appear 10 1874