Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-08-17

l;r Tar nv oninions to he misunderstood. shall
tent myself with saying that, SO tar from having
changed or altered them, am still more confirmed III
the faith by observation and experience mere Is
one subject, however, 10 which ] respectfully invite
your attention. During the administration OF Gen.
Jackson large and respectable portion OF the Demo
cratic party, jtanusly alive To the principles ' 'o-o
devoted friends of the rights OF The Sa'es-oeca'He
fred with Indignation at OF the doctrines au-
yanced or seemingly advanced in that State paper
commonly called the Proclamation lhey saw, 81
thought they saw, the principles oil iiamil'or' pa.
set forth by TO whom they had ionaiy iooseu'
az the nreat champion of Stale Righls. IL .ne"
attachment to The "Old Roman had been deep
their Indignation this supposed assault upon '','
principles became still more So lhey DESERT. -,
Administration with fixed and hrm resolve &c Pu'
| down the man who, they thought, haa - eg.eIn
ously deceived them. When an exPlana
| paper was given, many Of them came
but all their " generous confidence
They watched with eagle eyes every act
pistra,ion and were constantly on lhe i%t
something upon which their indignant thcosHy i
,horod faalings might feed They selzed upon e1.
mova of the Depostes, the Specie Circular, and us,
upon the Sub. Treasury, (when Mr. Van Buren, came
ny and looking to the construction put upon these ana
Il, other acts the Government by its enemies, they
soon became embttered against tine powers at wash
ngton that they separated from their old and true
friends and for the purpose OF prostratng jackson ana
Van Buren, they associated themselves, and acted with
a marty. with whom they held no principle in common,
| nd
woged successful war. This party, now called the
states Rights Wings have accomplished their ends
They have put down the men against whom they mao
declared uncompromising hostility, and now hnd IN
power the party with whom they acted IN me srugS'e
without the means in their own hands of checking or
controlling them If they deserted their DID, lcs'u'
mate and natural friends, for the purpose OF destroy
ing as many of them said the perm cious eiis es OF 'ee
supposed assaults upon the rights OF the o'ues' u'u
upon the legislative powers of Congress, the same pa
| bch nSfIf
doing must require them now that they nave accom-
plished their end, to separate IRON ther ~, .os
unnatural ales-to hoist the banner OF 70, ahd
rally oround il TO man. In the neat OF Inc iate
contest The Democrats and this party mbibed deep
feelinos Of political hostility towards each o'heF'-
And + is these feelings which alone prevent men,
anres;nr upon all great and fundamental questions
from coming together ms party mas always pro,
seed n believe in the doctrines Of 9S9-and II, IN
onr iudrment they had wandered from them, Jas all
men in the heat of the hardfonght acton VIII wander
from the true line OF conduct) the better feelings o.
the heart and the cooler ud gmcnt OF the mead, shouia
| induce MS to wipe out from the memory all traces Of
past differences, and again unite upon our common
ground of Democratic Republican doctrines.
Let me not be misunderstood desire union with
those, who go with us for a strict construction inc
Constitution-no fellowship with those who would
strip the States of rights, and the People Of their
liberty under the broad seal ot constructive powers
desire fellowship with those alone who take the Con-
stitution as their chart follow II strictly, and neither
O
lfracton-with those who believe our Constitution, II
strictly pursued sufficient for the country, and The
country under it independent Of the worid-nnt WAN
those. who believe "a National Bank in England begcs
| a ncccsstty for National Bank here, although the
Constitution forbids it, To 10 human And there IS
no reason why men, who cherish the same principles,
should QUARREL because they have differed as 10 The
best Of pcrPctuating and preserving them Inc
State Rights Wings may have thought may many "i
them assured mel that the true way to preserve the
a.. n lack nj
Barren by any combination, and then rally under the
proud banner of go We differed with them in this
opinion, truly and sincerely. But, II they really
thought So and will demonstrate the fact hy raj
| living under that banner, | see reason why we
should not bury all feelings growing ont Of past d''r-
ences in the deep bosom OF oblivion, and again stand
side by side upon the ramparis OF the Constitution,
defending from The ruthless assaults oil the Cloths and
the Vandas. In saying tins, am not actnaed by
any personal considerations. ! know that there Is
decided majority of Democrats in the District aud, if
they are true themselves and their country, there
can be necessity for me 10 invoke the aid oil any
portion of the Wing party 10 ensure my election But
these are my real sentiments and feelings, and trust
they will meet favorable response from every Demo
crat and States Rights Wing III the country.
| have trespassrd 50 long upon your attention. that
| shall pass all views in respect to the municipal
regulations Of State, except to add few
words upon the policy we should pursue towards onr
Banking Institutions IL is known 10 you, that have
i always looked upon these institutions with tear and
| apprehension /; that have long believed that they
were the ucleus around which ArISocracy would
be formed and that they would always be managed, not
in reference 10 the great end Of their creation nor so
much in reference to the interests of the stockholders,
as with view to the advancement of the fortunes OF
few favores, at the expense oil the community. These
sentiments remain unaltered and unchanged. With
these fixed opinions, nigh, be supposed, that would
90 into the Councils Of the State with strong dsPo
sition to immediate and destroy them. Far otherwise!
They intimately connected and linked in with
the fortunes Of citizens, that cannot now cut
them off without nflictng the greatest injury upon the
community. They upon the body polite,
which cannot be eradcacd without imminent danger 10
the patient. We may palllate or mitigate their ra-
wages, but cannot hope 10 produce radical cure
BY the application lhc caustIc or the knife. The only
sure relief from corruption and msmanagcment is, to
hold them sponslbc public opinion By making all
their transactions public the records Of our courts
They have BEEN and never be controlled BY
law. But what is 10 be done in the present emer-
gency bring about rcsumi ton of specie payments:
Can we, or ought We, under existing circumstances,
require them to rcsumc' There few, rery few,
who would be willing to destroy them in the present
state Of the country And yet doubt much whether
It would not be better for the community 10 annhIlae
them at once, than 10 attempt, without concert
of action among sister States 10 force them into
immediate resumption Il must be obvious to all! that
no bank pay specie, whilst the banks in those
States where our business ccntes refuse To pay it
Our merchants purchase the principal part Of their
i goods IN the City of Baltimore They must pay IN
! Virginia funds, and hence notes find their way in
few months alter they are issued TO that city. The Bal!
tmore merchants return notes upon the banks for
specie for their banks will pay specie they will
not take the notes Of their institutions claims
upon their merchants in exchange. The effect IS
obvious, Our banks mast have dollar in specie
for all their notes III circulation; and dollar spc
Gle for every new paper issue. To get The specie for
every dollar of their circulation, they must not only
stop business, but resort 10 rapid curtalimcnt-a
curailment, which cannot stop until the whole bu.
siness Of the bank is substantially wound up.
NAV be It'd, that the New York Banks pay specie
aud continue 10 do business but the business they
do, is in the notes Of other Banks, no; tIcir own,
except where they issue their no;os
for bills Europe, equvaen, to specie. This bciAg
the obvious result Of attempt to pay specie the ques
ton arises, Banks comply with any Law re-
quiring them 10 resume Can they curtarl without
great loss themselves and ruin TO the community, as
fast their notes would flow in upon them from the
North 1t seems 10 me- al present advised, thar
they cannot. And, if pass such law, the Banks