Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-07-10

/. sta.c. made his speeches for John @,
a.'"-. /. II, whole land, aud for General Harrison
'0'., !, holding the appointment of Minister 10
w"'' ,.,,... vas guilty Of what he (lt.) denounced
SO" ~, ihcu abused 'Niudex" most y,nljc-
IN .,a.' rs. The ,aiaioa Of the Enquirer ooh ,
ty. = Axes William c. Rives. oh y have the
v II. small thunder. He then, after this dis.
w,l'. zane back again 10 the Sub-Treasury, and
,", ~, RI u Of the times upon the measure of the
,1ass .,rt,r,u. PRAISED the Banks, and abused The
Anu. nm, and. IN his malice showing 'The source
l.H> ,-,., compl,mcnied Col. Benton aud S,las
g Il. saving they were the great centre Of the
W. p!rtv. Then cane the Standing Army,
N-' usual representations
WI. /, faithful outline Of Mr.. Rivcs's speech, cx-
"i ! + was repeated N in;crninablc pru!xity.
,.an followed. After a neat exordium, he
I, '3 H., party .: Mr.. Rives on an indictment OF
"'- ...,. and solemn charges, the discussion of
,N,,' mid necessary answer The arguments of Mr..
N.'" II, said ihat IL i!s reply, he would be under
- ~, a: showing that il was the gentleman
tf \ ybc lad ploaShCd 10 the red heiftr, or had not
.">. the straight track. lie then referred to the
A.'r .,,3s. filed with Wondering grain, and the wa.
$40 labor. and showed this was owing to three
FIRST, the great amount produced last year
~ ,..,s haa been shipped from the United States
~. ,lra; than in any one year for the last ten years,
'..' IN, treat balance was left in the country-that
il, arts Of Indiana, Illinois, Wisconsin, Iowa,
i SOM. which, three years ago, did not raise
,...l~l FOR iketr own consumption, last year ship
,'e. Michigan alone shipping 5000 bbls. Sc
N"s, Il, vas OWING, in part, to the political action of
-. Banks and 10 a natural effect of their gene
-,fa,q<. He showed tina, the Banks Of Cincin.
money centre Of the West, had established a
',,ars SHOP 10 buy Up the paper of the other Banks
.-r,.I from them its redemption III specie: and
r.E, them draw III their cIrcula ton and reduce
.r.,n, and thus making money scarce. Again,
...,-ll operation of the heavy tax exacled BY the
-brr, ,f command ,ntar0t -,
's .,rbg,ees was L. call back 10 the Bank yearly, a
r.,,Ion oi the circulation, thus diminishing the
nation, whilst the debts 10 the Bank remained
;, that there was not in the banking com.
me. MONEY enough by thrce-!ourths 10 pay the
4. .sa, 10 the Banks alone. Sd. That It was ow-
In, dependence of our paper money system upon
,,,er money system of the Bank Of England. lie
ed the authority of J. q, Adams, Ii. Clay and
o~ Webster. bat not satisfied with Wing authority he
..r. Vi !, demonstrate the fact, that credit given 10 the
E.. amarcAaut enabled him 10 give credit to the Anne
.gp -,er. the importer to the country merchant;
..gs, waS only false prosperity; that when the ne
...> II tie Bank of England compelled her, she
anon the English merchant, he upon the Anne
~ Importer. ne upon the Western merchant, and
he de Of ruin, starting from the Directors room
-.as elakot England, rolled in its tremendous energy
,Mr whole land, and died in hoarse murmurs al the
4. n, Rocky Mountains. lie then took mp the
Treasury compared the monetary history of
r......i Lun,and for - years, from TIA 10 1856:
..w .Ha Sracsc currency OF the former had IA
reused " tnout any Bank, and that during that
mr. Great Britain. with onc.sixih Of the COM
...' r.-o,r. bad not added one pound 10 her cur.
.s..,wu 1r tie m5nt< If the two countries; tia,
=. .. I.:.k ii England had failed there rs 4 rcgu.
..-.s. +. >~a.pIylug a good currency: tina, the con-
,-.. a.. uI,>pau,lons Of the Bank OF England ope.
.,~. aoaa o0E paper system were des;ructiye; these
ned M, disasters Of 1919, 1894, lS37 and 50;
,.. National Bank could no, answer the purpose
. .~.,-'.rgr = own fIyOrIte system had in 81
na practical proc: against the State banks, and that
tu.. u PENNSYLVANIA were an existing demonstra-
I'll. -rlr,t ticm. lie then showed, under Mr.. Van
..-.> C~riu ton Of Federalism before given, that
,.-.v.>I.ss Executive influence in the employment
tr- .-~ 8; the Government, controlling at the
.... .u. t.r'y @ll3cns If dollars a year. frequently
....-a .taa BALI That sun, than in the uMholy and
r,s connection with and control over 80 State
,., + officers, dependents and debtors, and con.
,-.a-, t4yifs8 aJft0HS of discounts. He replied
.N,. e yes change, that the Sub. Treasures were the
m.s<a: the Executive, 10y showing that Rlvcs him.
~. u.. ..,tluei Gen. Jackson IN the exercise Of the
rrt- K .,alay NJ them N the case Of Duane. Col
1. 81, .s Kane WAS growing short, left tins branch
..aa.,n; and showed what constituted a Repre-
.... Government; that 4 Government 10 be repre-
....Ea must represent some pr:ncir pie, and yet the
n .4an. ~ a Sprech Of one hour and 4 halt, did not
...n.r single principle: that he had no, and wonld
,. .na .pyir avow@!: that the silence Of the bank
aa. a.3 The seal Q: the committee We're placed upon
..r. He then q sed in Al effective appeal 10 the
preserve tie Representative principle. Mr.
-,o. @"d n an hour, principally abusing Colonel
.. the ilirnd ana >liar.ed defender OF the
n.. show ny the L terrence between an "iice.
... III Office. holder. y soon as he finished,
.-..#a his .~cmds lett US fearful .: 4 gathering storm.
.ans Newman then happily flied IN hour, PROV
a. H4r-..a /, Federalism, and produced an authentic
g.o; tie iraal "t O!io, showing his white slavery
,a,, When ii" closed, there was a hurrah for New
rs. lr Brown of Preston then asked if there was
a-3 Nar vino wished 10 address the assembly. None
..e-n. The battle was fought and the Democracy
g- ,auampcd upon the field OF victory. Brown then
SEED ',em IN a happy manner. All have further
.4r. : Inv paper i exhausted, is, that your great
1- not as gIra, as we believed them 10 be, or our
ends ar. greater II comparison than we knew
.u ,Ilr. Riycs waS fairly ana fully matched.
Cu~IYINyc3IED