Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-06

the reiore, does not pretend they nave any s'I" ~
hid il never occur 10 The Secretary, that there was
- .,.,ce IN ius,if, a payucut Of this n'nc millions
- iba, az Lenos;,c IL would BE- much easier, anu
;,s, and nrnden 10 pay il according To the views ~
lain Yankee. BIZ deducting II from Tie 'wcn'y'ri-h'
millions they now eve us aud holding ihch iao' '''
only the balance: .g.,
,, ,o>urc 10 pr6rent The augmentation "l lii dsh',
tim, 10 place III debtors hands s''ii mere money,
wi,hou, interest, and 10 procure It by add'n"nai Dor
r.wiur On interest. 1t is vain to expect more sur
,,.as IN Md us Ii was quite VAIN 10 eSpet, lhrh
when the present Secretary OF War lost i"!'!ca'"
BIZ. hy insisting placing ryder IN to MAKE 81
cod distribution of millions on his estimates, "he w
ccnsured others for erroneous estimates 'ehu'hs -
show none were likely to occur. ,
II i equally vain 10 expect r,hJ from .,@to"@
Ra,L If any kind aside from It's unconstitn'iohai''y
., aan,,srs 70 nnbl,c liberty will merely say, as L"
tbc constitutional question, that the State 'shs ian
n.y. Democrat or l1yS who can swallow this ne" ''sea,
RAM ns CONSTITUTIONAL could swallow both Jonah ana
the whale as easy as the whale did Jonah alone
Was the new fiscal agent OF the fres,ueh. u"u .''s
National Rank Of the Secretary, deemed by lhem iIee
c' ,:,,;onal obi.ctions one aud the same IN
,;,n,;on N farm and substance Or is one an ahlai
without claws and the other, as explained 10 US III inc
snecal report the old hyena or tgess-wth power 10
issue circulate, and discount hotes, us wen as 'ne %
;,as ,r,,h mower 10 act out Of the District OF Co
-. d for other poriions Of the Union, 1t they
Ise ,s well as for this District, and thus involving
all The old objections to its violation oil the Sohs'la-
ton As well NIGH, We appropriate millions Tor pau
nars roads and jals in the District oil COLUMBIA, win
on,bor,v n nav certain proportion of It to such ~
49, S.,,as nc MIGHT agree to take it, aud call the result
constitutional The consent or dissent OF the States,
unless for altering the Constitution IN the presc'iSeo
mode. can never make an act or charter cohsu'u-
tona which would otherwise he unconstitutional. ~
wouid be irrelevant and absurd Accordingly, III Tue
Last clause of the pared charter in his supplements!
nll about
the States by empowering Congress TO push the ban'
where it pleases, and thus involving all Tie power
exercised in the old charters.
But as before remarked, do not mean to argue mere
the const,utona,y of this measure OF reei wh.cn !e
Secretary proposes, even lis expedIency' 'uf'he'
than 10 saw this that the new Fiscal BANK, WIN
twenty millions of its capital furnished ny US as IS u"
yolved in the project, and that TO be eoh''",eu
board of politicians here under the eyes anu h"s "
the Executive will be- in the nature OF things ana py
,mnIes in several states as 10 their public Banks
loaned almost exclusively TO politicians anu ONCE
hnlJrs large and small and thus the great danger OF
Executive influence increased ionr-loln, ana n'ucn VI
The public treasure exposed 70 De irTetiie'a"y "'
And finally BY locating the Bank mere, instead o'
Sinh Treasury for fiscal agent, because Inc la''e )"
,ba Secrctarvs wisdom, improperly concentrated lii'
surn,us fund AT New York, if he means to cart lhr
snare specie hi,her, distribute IT across the Ai'
,,,nes he will Justly be obnoxious to the censhres {"
L,s own poli,,cal party One OF his own presses SAYS
ysefui and saiutaru commercial lars: and mat re
would thus make his oicial pockets as empty as ms
;d,os are jsjune A man. they Justly say Is not h"fn
fnancirr or Secretary, and must take Innch pains
to inform himself before lie cacchses others, or dasEes
into absurdtres as if he knew every thing BY Ins,'nc
or intuition
Another intelligent Wing banker writes 10 me IN the
letter from which quote
"The precious metals says the writer must be s."
arranged and placed To save great amount O. LABOR
k,r, tban, TOD
thew can pay balances instead Of sides Of account
.sAt central point of commerce large districts n
country can settle their balances without any move
mrnt OF the metals. The world, for grea, operations
can reyove round Loncon-the L. 5. round New York
New England round Boston All perlcc, as opera
tons are limited or expanded The economy is i'll per
sec,iny settlements without any moveme"i nj the me
tails The saving is in time risk, ami transportation
The metals, to d. this, must he concentrated
And where, let me ask common sense, the laws o
trade, and fiscal experience: AT New i"fR, lhe Lon
don of America At New York, where nearly tw"
thirds of the whole Of revenue IS collected, and
perhaps more than that proportion OF our imports ana
commerce concentrated. and not a; this great lrgsla
tive and political emporium: but which, with all lis
ust fame for hospitality and fashion, has not 50 many
vessels as it has hacks, nor so much revenue from
customs as will pay for the cigars smoked here.
But in the face Of this, the new fiscal Bank o! the
Secretary, which is to relieve the exchanges, and COM
MERGE aud the finances, IS 10 be loo ted where neither
Of the two former hardly exist all, and almost none
of the latter accrucs, instead Of being located al the
centre and heart Of orr whole commercial we'll
banking and fiscal operations.
But there is charm, | suppose, with the pa''Ty
change of name from National or T. 5 Bank 10 FfS-
cal Bank: and this change IS TO remove, suppose, all
constitutional difficulties trust that real Democrat
of the school Of gSno State Rights poli,cIancan Be
gued bv any sGc simpleton measure, and especially
when the great horror Of The S,crciarys friends last
year was real fiscal Bank Treasury, or Government
Bank and some Of their lofty banners and log cabin
rousals were inscribed '.ao Lorcrnmcat Bank." Such
part of the 'reef TO be antIc pated, of which the
President speaks-such is one Of the "'neasureS Of
restoration aud rciff recommended by the Secreta-
ry. "ReStora;on! Yes, fear that not only the
Bourbons are restored, but all their old and exploded
primer Piles. But no more OF this now: am talking
too long, fear, on o; these marvellous plans for
relief
Let me end then, by summary in respect to them
in their different aspects, TO relieve in
dyiduas-to relieve Slatcs-o relieve the General Co
vernment.
mcndng any bankrupt law, BY the Presidents re-
commencing any, which, however objectionable in
many other respects, would certainly relieve class
in society," the Debtors nut entirely at the expense OF
another class, the credi"rs-nor IS one of the usual
modes of relief recommended, hy reducing the tariff
aud taxes nor another by lrsscnnI the bnrthen of any
public debt pressing them; but BY the increase Of
the tariff something like eight ten millions
and by increasing the debt some fifteen or twenty
millions more. THIS, too, when these individuals are
represented TO BIZ already suffering under heavy eSpcn-
dtures, and burthened and broken down by the mad
Of the past Administrator So much for the
kind Of relief proposed 10 individuals
2. II next proposes 10 relieve the States BY giving
them three millions in distribution from the lands and
taking back from them this account from three to
fur millions BY increased taxation and higher Tariff!
This IS contained in the Secrctarys supplemental
port and strongly in the Presidents ssage,
the by which the country may more re-
turn "to state of prosperity. Yes, the States re
ceivng this three millions, not from existing sur
plus but to be supplied in fact by taxes, under
an increased tariff TO find in il a return to state
of prosperity, because they will be forced pay back
to the General Government in additional duties nat
only all they received-pay back with hand what
they received in the other; but pay back nal.
lion !" cover the expenses and losses OF collecting
and distributing IT, Unfortunately, loo, the President,
though commercially d,sclam'ng the constitutional
power 10 State debts, pay for them gu, Of
the revenue from dues-ust'fes this distribution Of
The public lands as virtually within the object Of the
original ccssinn Of them from the States.