Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-10-08
]. {. BOWER, Sscretary.
FT'W TIT TFIt''- .
rnc ErStENS nr TIE EMDERAI. PhkTN.

After Mr. Ciays first Bank bill received Tie sanction
or lhe House the National lnelligencer gave noh
cation ,o the Bank party that several objectionable ea
lures which had been introduced INTO 1t against Inc WI
Of the great leader, would bc oh"iard hy airhdaiory
acts The provso which excluded iortignefs from
bolL,nr the stock of The Bark was one oil the Demo
crate amendments, forced through against Dir. Clay
strenuous opposition and the wishes CT lie great ma
;or;,v Of his par,y This amendment, and multitude
az others limiting the power Of the Bank, were per
miied hy tie maloriiy, because they would serve tt
rcconcc in Dc gree, ta great body OF the reop
IL lhis NEST obnoxious measure hui 10 satisfy the Fe
d,ral pariy-who looked 10 tie Bank as tie ci;ace' "
which every arstocra:ic faculty vas to be introduced
and made secure from popular atIack-that the rcstrc
lions proposed hv tic Democrats and admitted by nv
majority were only temporary, lie no,ice Of .he va
inuai Inlelnencr alluded ~, immediately followed
mo nassane Of tie bll. When the second bill wa:
h,n,t forward several Of TIE restrictions were struck
ont, and particularly Tie clause against foreigners
We ollude 10 this new, 10 unfold Ganss: WHICH
turks under any form which chartered iiscai -i-eh
NAV assume That the President had some lntiination
OF IT, appears from the following passage IN nif. Den
statement 81 his Caoihct coh'eis"'ohs 1i'. D''' "
his expose, SAYS:
..Wnn ali III. material points appeared he ci.pc<'d ." and
lie n,-laltr, HE a!nci p-rnt :ai eElrs.'n w., a
Nh, ii, lie o,id sanction BARK IL The hn Js a."' Z"
mon rt ,f.rd wo'i IT. iaic HE sronht""Ih ~ W
-; a X v,, mi rir ,,cr 1t Esis ii II, 4 -.
lie never would hs sanction to me rc"cr :" ':l
WIps y ni,d IL. lli.n. amendments chei*iis IN,
,mrr upon any halter h nist n"w ar,uv' 'id ~ ir,u
10 Ls caLinc, 10 hicw IL ihs w"rd stand y! mn 90 y
,ictr in prgvrc;in. any such avcm"i' WIN. IN, fd"in
traitor listed M Webster and oisIs gave .i al 'i' a'S"
ances upon his pu:i - o,,:o,
under the name Of Fiscal Agent is here exposed Inc
President "FEARED That. At TIE hEAI OK
TIE SUCCEEDING SESSIONS or CoAhhfSS
THE WIGS WOULD BIZ RRlNGlAG fOK.
! WARD AMENDMENTS ENGSAFTiAG THIS
POWER UrOS ANY CHARTER HE allGiil
I NOW APPROVE" And would they not: NAc
J.ubts H. after The amnrncla,Inn N TIE !. la'.hs'h
ccr HAT all the disabilities and dehclencics =! ne iis
SEGMENT legislation: The truth is, the Federal party
wiling 10 lake any thing in the shape OF CORPORATION
whrh NAV have rested rights III vast capital ana Tue
custody n,, management Of The public treasure Give
them an irrfyeaiabc charter, and they have the roo
on which, although cut down TO the earii win es!'c
t,on t.ey val be able to graft every ovcrshalowing
mower which moneyed Government can desire mr
Bddle has set The example Of welding Legislation, ny
Bank arguments, that can never be lost OH any 'a
cer who has the millions Of stockholders and Govern
mcnt under control. During all General Jackson >
administrations MIR Bddle could pass any law or char
Ter Ic p.ascd 10 further his designs. Nothing but the
scrnness of The incorruptble President saved he ia
ton from Bank, gifted with 4 moneyed omnpo'ence
over all the interests which Bank couia sway -,
such Bank charter Mir Glddle readily opened biau
wav, through Tic Pennsylvania Legislature; "nu .
had been backed is The unlimited credit Of the Genera
/ Governments instead Of hrnG obliged 10 lend Us cfeu
10 support the State, and Tie purchased mhJ'Fy ''a
chartered il, it, power would have been irresistible ana
although absolutely bankrupt, in its own means y
would have suayed every thing with the credit and re-
sources Of the Government.
In our opinion il would be better at once to grant
all the Bank party ask, ,Ean TO give Il even 'he sna
est permanent spot 10 stand on, with the long eSer o.
CORPORATION and Government credit united 10 "ofi
gradually to rttain its ends. They would generate
secret system of corruption, operating first on he eec
tons and then in Congress- 10 Obtain Tor II AL Tue ID
cuics of an absolute REGULATOR OF commerce ahe
currency, of which il might lie deprived in sintef
charter. In the process If making up BY future aequ
ston, the power of which !, was deprived in The Great
ing charter, the system Of coT;upi;on OF which Mr
BiddIes Bank has given sample, would be spfeae
universally in country, and what has been wonder
I'd at within tie few years but transient disease
like the cholera in country, would become an nvc
IL rate eprosy, injecting institutions and all wh'
manage ,hcIn.