Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-05-14

Dialogue Jctpeen MANSIso, Merchant, and MASON, a
Farmer, at the house of the latter in Tie country,
the 1st Of March, lS4l.-[No. V, and last.
We owe our entire those rights which
they delivered We IL posterty not
to suffer dearest inheritance To be Observation-Disclosures
.Hanning-My Wing friend, Mr.. Clay, has, it seems,
played the game of fast and loose, upon the subject of
National Bank. In 1911 he thought it unconstuon-
thinks exactly the reverse then he derded precedens
he thinks precedents potential, and indeed al
most sufficient; then he looked upon foreign money and
foreigners with apprehension and distrust, now he
would have all believe that while money is pow
err foreign money can WELD none The longer live,
and the more know of our great men, the more dis.
trustful become Of them. Rely upon it, Burns told
the truth when he said,
Mankind are unco weak,
And little he trusted.'
Mason.-l will now read to you extracts from a
speech delivered in Congress by Mr. Webster in lslG,
during the discussion the establishment of the last
National Bank Mr.. Webster said:
at was u mistaken idea, which he had heard utter
ed on this subject, that about TO reform the
national currency No nation had better currency
than the United Sales.--future was nation which
guarded its currency with more care for the trainers
of the Constitution, and those who enacted the early
on this subject hard money men; they
had felt and therefore duly appreciated the evils Of
a paper medium; they therefore, sedulousy guard
ed the currency of the U. S. from debasement The
legal currency of the u. s. was gold and silver coin;
run into no folly. What thSn, he asked, was the pre-,
sent evip Having perfectly sound national curren
CIV, and the government haang in fact no poaccr TO
make any thing else current but gold and SHEER there
had grown up in different States currency Of paper
issued by banks, setting out with the promise to pay
gold and silver e which ssfs m1 Of 1nsss
t;onal Bank not being in his opinion, tie proper re-
,nedv, he proceeded to exa.hine what was
The evil was not TO be remedied by introducing
n ha
banks not emanatng from Congress, what engine were
Congress- to use for rcned$ing the existing evil:-
Their only legitimate power he sad was to Interdct
the paper of such banks DO not pay specie from be-
ing received at the custom house. With receipt Of
forty millions year, iftAe Government was faithful
TO itself and to the interests of the people, they could
control the evil it was their duty to make the effort
They should have made long ago, and they ought to
make il now The evil grows worse every day by indui
pence If Congress did NOT now make stand and stop
the current whilst they night, would .ney, %nen 'ne
this Congress- should adjourn without attempting re-
medy, he said it would desert its duty.
In the end. the taxcs must be paid in The legal money o
the country gold and silver and the sooner That was
brought about the better.
.Ianning.-My Wing friends have, for some time
past denounced every friend of hard money as Loco
Foco but it appears the socaed Loco-focos support
doctrine which was sanctioned by MIR. Webster in
1916, and warmly supported by him in Congress =,
Having heard what Mr. Ciay anu WI, oa n
in former times about the National Bank, ! wish you
would give me the opinions of MIR Eppes and Mr. Ran,
dolph both Of whom were gentlemen of talents and
high character personally and politically desire h.t to
hear their sentiments for another reason anu a.
because each of hem at different periods represented
this District in the Congress of the United States
Mason-During the debate in Congress, in l1ll' on
the bill to renew the charter of the old BANK, mr;
Eppes delivered an able speech against the renewal OF
the charter. in which he denied the constitutlonality
and policy Of the Bank of the United States
Mr.. Eppes contended . a.,
"That all power not delegated, is reserved to the
States or to the people that the power to
Bank is neither delegated, essentially necessary
for carrying into effect any delegated power that the
renewal of the charter is not necessary for the piospe
ry of agriculture and commerce, has been stated
that the Union of moneyed institution with Govern
ment, possessing the powers of and peace IS dun
gerou, to Republican institutions that the dissolution
of the charter will produce no injury TO the pubic OF
to individuals that the same principles which induced
the Republican Marty in the year 1870, to oppose the