Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-11-06

mently excited by these rapd thpI'"s'to''s' ,ook
nm " Tin cr;es of no, Mr. Is reached over INDIANS
bands with the venerable amidst the i"n@ vi,
- Of the assembled multitude, ana conu"a rom;se
Won change him because he has iuit'su ~ hnd ,ba
which he has ever made? because y" ~, h,nL
.,nr,,e Ia recommend u bankrupt iaw "sh'" ~
.,t BECAUSE he has recommended the suPpies-
90 &c All paper money under twenty ooii"ss' any -"
and silver fur all the common ana MINOR oeai
mrs in society. Would you change MN BECAUSE "e
xnoss all his principles the public eye, and answers
or,rv Question that is put 10 him? Would you change
him b.cause he initiates the decorum, the reserve 'e
dignity ofnur past Presidents anu scorns t"eie..".s
far The executive chair : Would you change nun oe
cans he has refused ruckle to the ahu
!, ,,uotinoly called the Northern man win southern
princ ple s:-Woud you chahSe MN ioi ''s@
Mr. B. took rapid view of some points OF State poi''
cy intimately connected with the great question u re
currency and with the abuses OF corpora''o"s Gu,
cn,r.ncy was a question: hr said, on which the ota'"
oovernme nts could do much for themselves, 'huePe"
IDENTIFY of the Federal Government, and mnch more oy
acting tremendously with It, and IN concuii,n.e Wv"
its policy State large as Missouri couid ia .aI
easv reonlae her own currency, and make II what se
nl.ossd w,;n The limits Of the Constitution; ana 10
fbe rood work this State peculiarly excited oy the
provisions in her Constitution IN relation 10
and banking She had very peculiar provisions on '"
subject showing determination on the part Oh 'i'e
farmers ne the State constitution TO protect the peo
nile from the evils of excessive banking and Inc curse
Of debased paper money Her Cohsttuuon wa :, .'4u
in the year $780, just four years alter the Natona
Bank had been chartered, and in the second year OF
,h daeolat;on which that bank and the local banks
had brought upon the county II was maze aniios'
the wreck of banks and when the pestlence oil de-
praved currency overspread the land. IL was maui
amidst such circumstances, and bears evidence OF
dele animation to save the State from such calamtes
in future II authorized the establishment OF one
bank i'm the State, and but one; Vt allowed IL h'e
branches and branch to be established at any
one session Of the Legislature, 1t was express a"o
~. Lon1
st,iuton and its branches. Such is our Stale N"i'
sttuton; and under il bank has been createu'
and two branches have been gwen 10 H. oo 'a''
mn good But how stands the fact OF banking among
us? Is it confined to the Constau'iohai Da"h' dnu
its branches. Far from it, Corporations created inr
other purposes are exercising every banking PRIV.
lege except the single which they do not want na'
of manufacturing their own paper - iese cofpora
tions with other establishments, inundate the siaf
with the deprecated paper Of foreign banks 81" ial,
while the constitutional hank pays specie lar al It's
notes and has never suspended the suspended BANKS
of other S,ates Ina virtually branches among us ana
make the State completely the slave ana victim OF
the FOREIGN suspended banks as IT they were ipca'ea ~
onr very bosom. The Stale is made the receptacle
and s;nk for this bad paper. This IS violation oil
our CONSTITUTIONS contempt of the legislative au-
thority-an injury to the people destructive 10 te
interest and usefulness of the constitutional BANK us
notes cannot circulate They are all hunted down, ana
Dough, up to b. presented for their specie the specie
shpped; and nothing remains in circulation but the de-
preciated paper which is imported from other States
Vast the expectation Of specle no less than mi-
lion and half Of dollars from the City ct st. LOUIS
n the last ten months as informed By those who
we'll know and no less than FIVE millions from the
same place in the last four years enough 10 give tue
State double supply for an exclusive metallic cur
rency instead of what we have got-an exclusive de-
precated paper currency In return Tor all ihs sp-
Gle exported we get small notes-e'en one uohd'
notes-from suspended banks in other States, even
from Cairo forgetting that the Holy Scriptures tell
u.s. that house bnt the sand cannot stand
1t will be the sacred duty of the Legislature which
meets few weeks 10 correct all these abuses; 10 sup
press unconstitutional and spurious banking; TO re-
dnce all corporations submission to the laws; to eS-
pei all base paper and all small paper and to secure
10 the people safe and stable currency, not to be at
f.cted hereafter by the commissions of the paper sys
tenn either in Europe America. The suppression
of all paper under twenty dollars will go far towards eff
fecting that great object the adoption OF my limit
nothing under one hundred doiiarS-would give US a
currency equal to that of France and Holland Small
notes the abuse of banking and they are the ruin OF
NIL safe currency by Vanishing specie Banks were
Instituted small notes. large notes, and bills OF
exhange, they never intended to deal m me
Bank of England originally issued note less than
one hundred pounds sterling; and then there were no
contractIons and expansions IN the currency. france
has no bank note under FIVE hundred francs, (near
SlO and there specie is abundant that the bomb ct
England had to 90 there last year and porrow two NIL
lions sterling to keep her from breaking
hut sp.c;e and the commercial bill Of exchanges and
their currency the best in the world III IS SOLID, sale,
abundant; interest moderate, usnry and rxtoruon un.
Known prices and wages far and regular; business oil
every kind permanently good, or only Affected ny the
general causes which affect trade and commerce all over
IN. world England has no note under f5 sterling,
(near $3.50 but that limit too small, as proved by her
Gibbs and flows the currency-her plenty one year and
scarcity anoiher-her periodical expnrat'ons OF her
her resort France and Holland for loans
L,,E hrnu 1nty Inc IL
lars is the lowest limit that ought 10 be tolerated
and If Missouri would adopt it, she would have all
the advantages Of specie circulation which france
has and approximate 10 the sold safe and abundant
currency oil H"lland and Cuba
Mr.. B. repeated: The State has much to expect from
the coming Legislature Besides the general condition
OF the currency, which needs publication, and its fu-
ture condition. which requires stability besides this
crisis in monlrd affairs is impending. The fifteenth OF
January is the day fixed in the Atlantic States Tor the
banks 10 resume. The solvent will undoubtedly re-
snme on that day; the insovent and the fraudulent
will not and against the further Expectations OF such
delnquents the Legislature of the State should guard
and protect its citizens. The banks which do not re-
that day. and resume in good faith and perina-
nen,ly ought be excluded from the catalogue OF sol
vent and honorable institutions; they should be repel-
cd from the State, disownrd and discreded, and for
ever excommunicated from the society OF other banks
hlr. B. remarked upon the warmth and animation
Of the present election, and had no objection TO II
while il KEEP, short of violence and rerained from pro-
ceedngs which implied contempt for the popular GO
yernmcnt. Zeal laudable and snlutary, but VIC
lence would be disgraceful and fatal while all addresses
supposed ignorance of the people derogato
nv and insulting. He was braggort and made no
empty boastings to impose upon any body. His own
principles and his own conduct, were independent OF
the issue of elections; and he paid others the comp
ment of supposing their principles and their conduct
to be as stable his One sign only he would
mention: 1t was forced upon him by the conduct of
the Opposition. They had taken the coon--boih the
living animal and his skin-for the sign and bndge
of their party. One Of these animals had even been
carried 10 Nashville to figure in procession on great
OCCASION That coon is dead He died at Nashville,
and his death, the language Of an old FRIEND is felt
to be the omen of bad sign Bad luck, according to
the calculations Of the uugurs and so",hsayers, may
now be supposed to be in reserve for the party.
Mr. B. having spoken upwards of two hours, an
nouuced that his time had out; that he had occu
pied more time than TO his part and descended
from the stand TO make room for other speakers