Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-09-21

siruggs for wealth. instead of tho honorable struggle
which governs the actions Of patriot and mikes m
hilton virtue--which has made the husbandnan spurn
his cottage and introduced spirit luxury at variance
with the simplicity of our institutions.
81 call upon the warm advocates of banking now Ia
surrender their errors. Shall take them by the hand
and lead them through our ces. Bankruptcy meets
ut every Step ruin stares every where the face
Shall be told of the benefits arising TO commerce from
NJ EXPERIENCE HAS EXPOSED IT'S FALLA.
CY. ri True, for moment, il has operated as a sti
mulus but, like ardent spirits, il has produced activity
and energy for moment, relaxation has followed, and
the torpor of death has ensued.
1.-THE revenues amount to upwards of $50 900 900 an
nually Require but fourth fifth part 10 be paid
pold or silver; what would be the effect; The ,ner
chants would collect the notes of Banks and demand
specie for them; ana thus test would be adopted, by
means of which 10 ascertain the solvency of each ns
tuition The demand for specie thus produced, woulc
have the beneficial effect Introducing of it int
the country; for money is like every other article ant
will find its way TO the market where It is most want
ing. The system might be enlarged gradually unt
your wishes should be contaminated
81 protest against the idea Mat The Government eanno
do ,cithoui this Bank. We not dependent on h,'
corporations Wretchedindeed ,ooud lie our situation
such ,caS The case.
In 1892 the bill, 10 recharter the Bank of the u 5
was on its passage in the Senate of the U. 5. Mr.
Tyler was then member of that body, and voice
against the bill, the journal shews
In the Bank Report, which MIR. Tyler made TO TIT
Senate in December, 1884 he declares, that the ere
alton of the Bank was vioatory Of the Constitution
In letter which is now before me, written by Mr.
TYLER, in the Senate Chamber, on the 10Th of Febru
ary 1885, he says: "My opinion on the CONSTITUTIONS
question involved in the IT, S. Bank charter has beer
uniformly entertained and expressed. And my yote
are recorded against 1t on that ground.
In tha blIshp MI VIII made
Henrco Committee in October, $780, he referred 10 Tin
speeches he delivered in Congress, against the Bank
and confirmed the general understanding of the whole
country that he was opposed to every institution 0
the Sort
So that up TO the very period when Mr.. Tyler tool
possession of the Government he denied the authority
of Congress to incorporate National Bank. In
deed il is proven and admitted by hundreds of our iel
low citizens that the Harrisburg Convention select
ed Mr. Tyler for his State Rights principles, and re
lied upon hun to remove The Democratic apprehenslons
icalousies and fears that the Administration of Gen
Harrison would become Federal and latltudnous, be
yond all warrant from the Constitution.
can much farther go, though the purpose of this ar
ticle does not require it, establish by The ceaTes
evidence and the fullest proofs, that throughout The IRE
sden,ia canvass the Wing party rrpudated the ISSUE
which the Democratic party endeavored TO make ant
boldly asserted thut Gen Harrison himself was opposed
10 any National Bank. The history OF the country
proves that the people Of the T. s. have often condemn
ed National Bank And those who now advocate
such an institution. dared not To do 1t IN The iasl lres
Dental canvass President Tyler himself, in his al
dress to the extraordinary Congress, declared that The
public judgment had condemned National bahR-
Here arc his clear, expressive words:
s.The charter of the Bank of the u S. expired by t.
own limitations i'll 1c3G; the effort made To renew II
received the sanction of the two Houses of Congress-
but the then President of the L. ). exercised ms rO
mower and the measure was defeated. regard tor
truth REQUIRES me to saw that he President was iuy
sustained in the course he had taken by the popular
voice His TO the Char OF Stale unqual',
iedy pronounced his opposition TO any new charter OF
similar institutions and not only the popular election
which brought him into power, but the elections
through much of his term seemed clearly Ia indicate
concurrence with him in sentiment on the part oi lie
people"
Ii is folly and depravy to insist, that the example oil
Mr. Madison should ahsove the conscience OF The RE
sdent from all duty to the Constitution, his country
and his God lie often declared that President hladl.
SON when he signed the Bank bill in 1916 committed
dangerous Interpolation the constitutional Prnvi-
sons of Government, and always denoed mat ID
tai signature evil example for statesmen 10 shun.
In a published letter, which Gen. Harrison wrote TO
Sherrod Williams in 1c3G, he asserted that majority
of the People were opposed to National Bank; and
that unless public opinion should be changed IN favor
Of such an institution he could not, II elected Ifesi-
dent, properly recommend or sustain It,
The Virginia Convention, which nominated the iar-
rison and Tyler Electors IN Their puD!shed aGuess W
the People, said
uAs 10 the Bank Gen farrisons unqualified de-
claration that II UNCONSTITUTIONAL IS before you;
and there 10 believe that he IS IN favor OF
Bank in form; for, he is assuredly opposed TO 10.
yernment Bank As far as we know aud believe lei
low citizens, Gen Harrison ha, but one opinion about
The Bank, and that is against IL and we feel that we
hazard nothing in saying, that he would not consider
arv Bank constitutional, which, in his opinion, Il es-
,ablished would be both nexrcdIcn, and pernci"us.
In a pub:c spcech which Gen. Harrison delivered
at DAYTON, during the Presidential canvass he SAID
81 am moi Bank man Once IN my lite was Bank
man, and then the Banks cheated me oul OF every dol
lar placed in their hands.
On the st of July last Senator lives, WINE advo-
eating his amendment to Mr.. Clays bank bill, SAID
the result of the Presidential election, the question
of the cons,iuonallty Of bank cannot, with far
ness be said 10 have been decided by the judgment Of
the nation The opinions of the distinguished and Ia
mented individual who the candidate for the Pre-
sdency had been decidedly opposed 10 the constitutions
atty Of National Bank In his votes IN the House oi
Representatives, al former period, anu IN ie''er al
dressed 10 his constituents, in le22 which was extern
sivey republished, he had manifested and declared
those opinions in the strongest manner In his letter
to Sherod Williams, III 1886, 1t IS true he SAID he
would not withhold his signature, il elected President
from bill, with proper qualifications and reSfTeions
carerug bank; provided such an institution alter
fair and full experiment of other expedients, should be
shown to be necessary for the management OF The pub
lie revenue and provided, also, there should be dec
ded and unequivocal manifestations OF the opinion Of
the country in favor of IL.
1.-THE qualifications and provisos with which he sc
carefully surrounded his answer evidently left hun un
committed on the question; and, taken IN connection
with his former well-known opinions produced, III
Virginia at least, very general lmpresssion among
those who supported his election, that the bent OF ms
own mind was strongly against National Bank. Al
the tme the opinions on this question OF the DIS
tnpuished and patriotic Individual presented for the
second office in the Government, and who has since
been called 10 lis head well known, and must o
necessity have entered into the consideration Of the
nation; as the casting vote in this body, with which he
would be invested Vice President as we'll as the
contingency Thy no improbable one under
The circumstances of the case) which has since devov
cd on him the office of Chief Magistrate, gave to those
opinions the highest practical Importance. Ills unva
ryinr opposition TO National Bank on the grounds o.
lis unconsutionalty, had been vonched by the public
history and records Of the Government for near quar-
ter of a century
In political speech which Mr.. Ewing, late Score
tary of the Treasury, made to the people of Phade
phia in the summer Of 1910, he said "That his oppo
nents were attempting 10 make the question of Bank
b,,tt 81,