Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-11-12
LIE EIScAL AGESl'

THE FISCAL AGENT
The formation OF a Fiscal Agent seems to be the
pons asinoruma vel! the problem for sages. The
Federal Wings sickle for great National Bank, with
regard the theory OF the Constitution or the
warning Of experience. Grant that Congress has
the power to establish large monied Corporation, who
can be trusted with the administration Of such ggan-
tic Money King: If we 10 throw even the funds
of the Government into such u custodian, yet who is
to restrict and regulate such tremendous power
Qais caStodd ipSos costodes' Who to guard such
guardian Nicholas Bddlc has proved 10 be: Once
lie cried up the greatest F,nancer Of the age.
ihe Wings pronounced him 10 be one Of the great
Of his centuryand he was even taught 10 aspire To
pass from the President Of the Bank TO be the resi
dent of the Union. Suppose the Bank had remained
under lis auspces-that Gen. Jackson had signed Inc
Bank bill, aud continued the Depositcs in lis vaults,
what would have become Of the public funds, Of the
private capital Of the na,ion It's whole stock would
have been wasted the late capital shas been-and
this greatest bubble Of the age would have exploded,
as il has done, not only to the ruin OF thousands, but
in the dissipation OF the fifteen millions which belonged
To the L. S.
But experience reads her lessons in vain 10 The nfa
uaicd Wings. They still contend for the erection o.
new monster 10 disturb and distract the business OF
The country, and to corrupt the press, and prey upon
the liberties ol the People Thanks 10 Captain Tyler
He will 'head them or die. Such seems at least
10 be the concurrent sentiment Of both friend and Zoe
The ~ Inelligcncer fears that its friends deceive
themselves III the hope, that "ihe President wIl) pro.
pose, or at least sanction, some plan OF q National
Bank And the official organ, the Madisonan, con-
firms the impression OF the lntegencer; for, it nnhr-
sitatingy declares, that Certainly, National Bank
operating per Sc, Ne cannot be reasonably locked for
during the next four years; and il would be very IN
reasonable and actnus 10 urge or ag'tae IT, The sub
jet Of National Bank therefore, possessing any Of
the prncipa! attributes Of either Of the former U. S
Banks. Of either Of the iated and born Fiscal
Corpora,ons-will moi sgan, We trust, be mootcd ei.
Their in Congress out Of Congress- till the advocates
of such command the rOtes of thirds
| IF each House Of Congress. For they must he well
aware, that nothing short OF this numerical fore, can
successfully oppose the unit force that has ,cc so re-
Gently Frustrated the Bank schemes, and still stands
pledged, by principle and patriotism, and conscience
and the oath Of the Constitution, 10 continue TO oppose
them.
If National Bank, them be out Of the question: the
question recurs what species of Fiscal -7gcm will be-
recommended by The Chief Magistrate in his ne y,
Message lie certainly cannot undertake to say We
know that he has various schemes before him-,hat he
las sought for information from various quarters-aud
that several projects have been submitted TO Lis cons
deTaton. We admit that the problem some what d III
cult OF solution and can only wish him q safe de
verance from the embarrassment by which he is sur
rounded. But, without undertaking 10 lay down Tn.
specifications of any chart TO guide his baraue we hcpe
that he will avoid every species Of Corporation or part
nershp between the funds Of the Government and any
such institution. We would respectfully advise him
10 propose no scheme, which cannot be modified
changed cxpunged, according 10 the lights Of
experience and the pleasure Of Congress-to recon.
mend charter, no corporation-to shun the rock
on which several split during the last session, Of
attempting 10 do indirectly what cannot be done
Jirecly-to establish no Bank in the District, for
the purpose of throwing branches into the States,
with their assent-nor TO patch up the present Banks
the District, and embodg them into one great corpo-
ration, with capital Of millions, for The purpose OF
constituting it as the Fiscal gent of The Government,
as has been proposed 10 him. 1t would be the hrgh,
of folly, to a,icmp, to build up eice upon such
old and shattered naterialsto say nothing further Of
The irresistible objections which may be urged agains,