Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-15

with exact certainty"
National Banh-AHp TIE Ceufr0I Fiscal .lsfnt
a CORES pendent writes US from Washington on the
llth "1he President asked by n distinguished
member from South Carolina, whether he would veto
bill char,er'ng Bank Of the u s of discount and
circulation and he SAID unequirocaiiy tutke could
Since the date Of this letter, the Secretary Of the
Treasury has submitted 10 The Senate his " plan OF a
Bank and Fiscal Agenl"-n which lie "cndeaysrs to
free it from the constitutional oLisroas which have
been urged against those heretofore created by Con.
gress We now lay his plan before readers-and
they will Judge, how fir lie succeeded in stripping
1t Of constitutional objections The question comes
back to US, Congress establish Bank indirectly
The States, which they cannot consutonay establish
q ect y: Can ey estab sh Bank in the hi ric with
Pooer TO establish branches Offices of discount and
dePoste in the several States ariM HE Of the
states: This question settled By Mr. Madison,
hgh principles, in his celebrated Veto TO the Bonus Bill
OF aiarch3, lel7-in which he maintains the following
vi general popcr TO construct roads and ca
as and TO improve the navigation of water courses with
ne tram powers incident thereto be possessed by
Congress, The assent Of The States in the mode prov
ued IN the oil, cannot confer The po,eer. The ONLY
cAsks III "nich The consent and cesson Of particular
States can extend the power of Congress- are those
specIhed and provided, for in the Constitution.
II was our fortune 10 express ut that dan, a SINH
lar opnIon-and, among other things, to ask "with
these sweeping clauses, thus interpreted as that
bill would have applied them, v here is the institu-
~
plication where is the State Right which might moi
have been swept away; where was the impeachment 10
US from the gulf of Constellation The ..asscnt
of the States mere delusion to conceal the usur
patton. 1t was bonus; rather bride offered TO
the States to connive at breach of the Constitution"
In Ewings bill, there are douceurs enough TO tempt
the States from their propriety and dc votion to the
Constitution-as, the 18th instament which Congress
not bound 10 pay; the distribution Of the proceeds OF
the Public Lands which Congress want themselves;
~ nfu hnnk al ,ntnt he
States. But though the scheme presents dOucsurS
enough in numbers, yet We may firmly add they
are not saough 10 seduce Virginia from her prln
cipes We have no time, however, TO expatate
upon this plan We shall only add for the present. the
structures Of The Globe and to call upon Mr.. Tyler,
and the Republicans in Congress, 10 revise this plan
critically, and TO the Constitution. Can such
be Mr.. Tvler's scheme Some Fiscal Agent may
be contrived TO conduct the Finances Of the coun
try /: but ne sincere II trust that they may adopt
onr, which is entirely free from all constitutional
scruplcs and adapted 10 the demands of the Govern
ment. Mr. Ewing is not oar man, for constitutional
principle, constitutional language. We do not USE
the word sfaciity in carrying on the revenue. Crhe
Constitution the strong word necessary; } nor
do We use the word s'conrentenes Of The GOrtrnmeEt
We use the stronger language oi"wants, "demands,
&c.
The laat Globe gives the history Of Saturdays Pro-
ceedings Of the Senate Mr.. Clay submitted at al
early hour The following resolution
RsS0r
session, leaving subject under discussion ana undecided The
Of the subject sa be resumed q, The next meet
ing Senate, Immediately after the journal IS read, and pc
AMI reports received, without waiting io The usual
hour Of onr O'Clock. 49,
This measure was intended 10 force through all his
dcatoria emcs, al once and calculated TO cut
off all notions enquiries, and debates, the part OF
the minority. 1t was denounced in indignant and eo-
quent terms by Mcssrs. Benton, Buchanan, Calhoun,
CLAY of Alabama, and Allen. At every pause in the
Debate, Mr. Clay answered nothins-but merely cried
hp horn rtlpl
at the extremity of his resolution, and Mr. Clay
OF Alabama proposed modification Of the resolution,
wc! was acceded 10 by Mr. Clay of KY and /! passed
in the following shape
Resnred That during the present session al the expiration Of
meeting Of The senate each day the Senate
will proceed the consideration Of the subject e unfinished The
pccodi day. unless otherwise ordered by the Scnat,
"After this gone through with, Mr. Ewing $ re-
port Of Fiscal Bank ofthe IT, S, introduced and
read from the Clerks table Mr. Walker had preceded
it by resolutions contemplating Fiscal Agency, d.
vested of banking powers and putting the public trea-
sure under the immediate custody Of Congress, both
parties in the body being secure Of an equal particpa
lis and custody by the mode OF eleciIng the
cusodicrs.
"But the monster which Mr.. Clay has called forth
from the Treasury shows how utterly hypocrca have
been all the Federal preences against concentrating
power, Government power, in lis fiscal agent. That
now proposed by Mr.. Ewing corerty consolldaes all
the power of every fatal measure which has been pre-
dctpd By the Democracy would make part OF the fe-
dernl policy enslave the country On the very face
Of the scheme every body must see tina. the bribery and
corruption OF the States makes the most striking feature
in the proet The u. S. 10 make National debt TO
give nine millions of deposites TO the States part OF
their capital in the Bank The public domain is to be
distributed TO form another fund for the States IN the
ca pla of the Bank this is to take in such States as
would stand out on their principles This bank capital
for the States be provision for paying interest on
State debts effect Assumption Of these debts, and
bride them and al! the holders of State stocks to make
common in subverting the Constitution Of the
country. But give the measure proposed, having
only time to listen TO it, not to read IT, Our impression
is that it will be found the most gigantic scheme Of
consolidation and corruption ever suggested in tins
country. The report, take it, IS Mr.. Clays called
out By him, through the Secretary, TO connect 1t IN
some sort with the Administration
A scheme thus calculated 10 corrupt the State Co
to lead 10 Consolidation, and to PROSTATE
the restrictions of the Constitution cannot be tolerated
by the States Rights Democrats. If we thus permit
the District to be made the point which the lever OF
where is the end the power of Congress, thus 10,
Gated and thus affecting the rights and principles ana
inte rests of the States:
SENATE OF u. Saturday.
PLAN OF A FISCAL BANK OF THE U. :.
The CHAIR then submitted the following commu- |
nica,ion from the Secretary Of the Treasury:
TREASURY DEPARTMENT,
June IL, ISL.
To The President IF the Senate cfhe T. 5:
Sin. In obedience TO the directions of the Senate,
contained in their resolution Of the 9Th inst, the Secre-
tary ofthe Treasury has prepared and herewith SUBMITS