Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-05-22

T claimed that the Administration had, by ITS measures,
brought the present pccunIary stress the country,
and which charge reiterated BY every bark bought
press trnu ghout the land the banking corporations
their great political allies III this contrst-wcrc apply
rng the screws 10 the people 10 aid IN making The charge
The cicctual. No, SIR II Is not The Admn'sra
ton that has produced decline of prices and pecun
arg distress, but IT is the secret and invisible but pow
rrln hand Of the m0ncycd .nd banking power, that
has inflicted the blow aud which has made itself Ia be
tel. throughout our entire country. 1t is IN the
process o: carrying that olt.rcpratcd mayHi, IN
the political creed of the Federal party, and We IS
so revolving 10 the principles of trccmrn- Mdt Tie pea
pie must be mute 10 feel, before they be brought to
their In other words, that the spirit of freedom
must he conquered before the people be made 10
submit to the despotsm of banking corporations that
| now aspire to govern them and the country.
i The pecuniary distress OF the country easily ac-
counted for, and could with Justice, be
imputed TO the Of the Administration, how
It might suit the purposes of political partisams to
ascr'be It TO that Ever since banks had been
abShed IN Tins country, an expansion of paper had al
ways produced an apparent prosperity, and rise IN
prices, while contraction had uniformly caused the
very opposite ctircis This had been the h story Of
hose corporations under all Administrations and
undoubtedly the true Of the present pecuniary
difficulties
The wasEire (Said IIr b which had been waged IN.
rrlen,ngy against the people OF this country hy the
moncyed power and banking corporations, undrr tie
command Of Federal politicians had commenced near
eight years ago: since which time they had endeav
TO harass The country IN every possible" way, as he be-
rved 10 accomplish It's suhugaton to their purposes of
governing II. The time which this warfare had been
carried against the country and its Republican IN
Siiiutions, nearly correspond with that which
foreign monarch employed in the attempt 10 conquer
and cnsavr il. He trusted that the noble spirit
"f resistance that had defended and saved the country
then from the tyranny Of 4 foreign power would again
1t from the ucrcrSs grasp ota moncyrd drSpotism.
The struggle most important ono To the country,
aud would be decisive of It's political fate for years 10
come, If not forever.
1t had been predicted, remarked Mr.. B more than
two years since by distinguished individual Of That
body, we'll by others, that second bank suspcn-
sion wo.lld take place Just in time to do good service
in behalf Of their political allies, that they might pro.
fit by it in the Presidential election. THIS prediction
had been realized and all the mighty influences which
the pressure and prcuniary distress, consequent OH
such state OF things, produced, were now 10 be EN-
ploycd to defeat the Democratic party. lie would ex.
hort them, in the name of the Constitution, 10 stand
firm. He would c%hcrt them, they valued the i.
berty and independence Of their country, once more
rally ia this last great and decisive conflict between
parties, and overthrow this formidable coalition that
contrnded for mastery over the country. OHe
more defeat, and their banking allies would cease TO
harass the country for political purposes The coalition
OF politicians which had acted with them, would I've
dsblnded and the principles Of free Government would
be firmly re-csiabsheG.
The great question 10 be decided in the present con.
flic between parties, was one, in his estimation, fl:
rary policy; it question that, his opinion, went
to the very form and principles Of orr Government II
was a question, whether the people should continue 10
rule themselves, were 10 he ruled by banking cor
poratons 1t had often been ezuEting ~ proclaimed, n
this chamber, during the present session, and again
had been distinctly ntimatcd in the course ot the pre-
debate tina, change IN The administration o. the
Government was near ut hand which was to he fol.
lowed by AL v blessings, rrsp2!n.'y ANA drlus ely
promised by those who sought 10 attain power. Ard
~, Tho he ask
now anticipated with much JOY, was likely 10 confer
OF IL" country What benefit could the people hope
for, by the coming into power Of an Administration
formed By coalition Of Bank, Abolition, and high Tia.
riff partics' These political elements, destructive
10 the peace and happiness of the country, the Liberties
Of the people and the union Of the Sta'es
It formed a subject for the most monrnous consi-
dcraon Of the people II ever part OF the Country bur
particularly for those OF the Southern portions Of
this Confcdcracv.
Mr. B. pronounced it as his deliberate opinion, that
the success Of the Federal party, under existing cir
cums'ancos would be practically revolution IN our
Republican form of Government With the mighty
energies and Influence Of eight hundred banks,
penetrating every part o country added to the pa
ronare Of the Government OF the United States, Their
power woud he irresistible and their authority would
be- permanently established over the country. The
great RIGHT of suffrage, BY this mighty influence,
broug hit bear II, would be overwhelmed, and rn
dprcd utterly unavaing 10 check their tyranny, and 10
cyprl them from power. The Democratic principle
would be struck down, and would not probably i'r
half century if ever again, recover control ct TIC 90
vernmcnt. These were snb"cs addressing themselves
10 t, most solemn Gcratrons OF ihos" IN our cHuh-
try who wished Ia preserve oar Republican insuiu'
tons.
The most extraordinary means were r"sorred to. Mt
this time inr the purpose OF rfrcnG th's change The
miserable parcaurirs which the Federal party had at.
tempted u play oil IN every part Of the country "r
The purpose Of operating and delnding the people"
we're an insult and contempt In American ir"ci"n,
aud II virtual denial of their intelligence and capacity
for slf:governmrnt. They were appeals, not made to
their reason and patriotism, but 10 the most degraded
prriudlccs They Of the character, and dc.
signed 10 haze the effect, with III" public games
and EXHIBITIONS, given by arful drnagogu's, who m
tended to enslave III" people, IN the most degenerate
days of the Roman Republic. They were means better
suited to be used by The privileged orders of Europe,
and keep in subsection their seris, Than 10
convince the understandings Of hig!I-mnd"d and m
;rlIigrnt freemen. He appreciated too highly both The
and intelligence Of the American people" t" be-
lcvc for a moment that they could be drudrd ana IN.
posed on BY such miserable attempts at deception ana
imposition.
Mr. b. said iha, he had spoken freely and plainly on
the present occasion. The crisis demanded that no one,
who wished 10 perpetuate the liberties Of ms con@ry,
should shrink from. the performance of his duty Ac-
tuated by these sentiments, he had been induced to
make the remarks which he had, tina, occasion, lett
himself called on TO submit 10 The Senate. :.
Mr.. SOUTilARD INSISTED on the improperly OF
81
porlance of which was known but 10 one Senator lie
also argued TO show that the Opposition were not re-
spoons Die for the exlravagan expenditures oil be Go
vernmeut
Mr.. HUBBARD said that he rcjoiccd that this de-
bate had arisen The time, line occasion, and all tho
attendant circumstances, gave u The discussion Pc
culiar interest There IN attendance, wIijn the
reach of his voice, many OF his constituents, the
friends and the foes Of the Administration. The Sc
nate could not fail to be reminded, by the unprcce
dentcd number Of the recmen occupying the gal
ercs Of this Senate chamber, that there could be no
appropriate time than the present to discuss the
great subject Of public expenditure to compare the
expenditures of this, with the expenditures OF former
Administrations; to show forth, in the hearing OF our
constituency, whether this Administration had by us
extravaganza and profgacy, orfed the confidence OF
the American people, whether It's course OF conauc'
had been marked by that regard TO tic PUBIC interest,
BY that strict and vgilant adherence n public econo,
my, and byllat untring .ort 70 maintain 1'fnP9r'a
The principles Of he Federal Co"stt"t"H, 50 as 70 me-