Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-10-19

~ ~. ,r.eu,.e IA specie Bata potion # '!s revenue
mi .,t ac l!.us a:nUa.'y collected, "i:'h ,,a'i -
,,;,Iy !ncfeas, j Y;ih lie ''iiFf''ta e""u'''' -
IN-s: un.l insiy. tn. w!is!e co'l! ~ paG ".,h2'
IN ~. banks nos ..ra:ii nearly ali thr
- -. .,a e,uu:fg without rcd-.!'ni '..t's NOES.
'.e cnsc;!on o. any par; Of ~ - eiise " s''sf'
,I, in,oos. on Tie uurks the i''ess!: y 'ees'''
,h II Their issues - you'd .urns tue amount y
,d t,r Tin. purpose The importer, wao hold iteif
w.. ,.ou,d De mand Of them the specie ~ exchange
g.. trc,r notes wtici the Government cAacted f;o.i
HIM and wlrn The ba;ks become aH!s 10 r"oeen .'.'f
is.,,.s generally, should hear no coif!aih ri'i.e
fro,, ..s,n from The hoaei "i ihe,r i"'r' y .is
vb.,, revenue were !nas collected. why sh"r." tAe
1:o..,n,rn. or an individual he required u receive
an ,,rr.!.eunabie bank note or II receive ihe "'e
Of sp=c;e paving bank, without Tie liberty 0. &C.
,nant,ns specie for it Tic REVENGE mus, ps c"i'
lec,ed either in specie in banh notes. II IN bank
notes the specie may be demanded iar ii'i - la'
un.ss tie hanks are forever 10 Issue al irfed"rabe
psner j, only rein..n, ~ ~ determined whether ln-
specie shall b. furnished ii te :fst instance 10 tAese
who my the duties Government or a.i"F the auirs
.y .n collected in bank notes, they snail furnish
20 he Government Oar State laws provide tia, bank
;o.-s shall onY be received in payment u government
:, olr as they are redeemed 10 specie 50 TAR then a
The collection OF Federal revenue - concerned, rs
Gradual collection in specie would exert more benen
al and dangerous influence owe. the state or National
H,uk srs;em than a collection in bank notes The
Government would nave less c"nlrn! over the banks,
the banks would be under more W nl-some and regu
lar check resulting from 'he necessity of enlaTg'na
their req! capital a"d Of regulating their issues on
soundr basis Of gold and silver By this mode Of coll
l.cnr its revenues the Federal GoyeTninen; cT all
IN sire r.neaing the present banking system, and Is
efforts ae seconded BY the State Governments and tn:
laws Wi be enforced against suspensions, ,''e nsc.ss
~ for L :; Bank asc.ihed - ac Ge:ecsc State
Bank stem, niil -nnn rc.ss.
As u the cus:3d; Of Tie public money when col
sected al that wanted is safety III. State banks
would keep lie cvenne as safely ~ I. ;. Bank Or
AS sub. TrcasuTe7s The otis "f apprehension
from, usin! any bank the depository d: ppa!c mo-
nec Is iouu! ,.ic. eGp,oyne Of II T.! banking
g-3esrs n the union q. tie .u:iGs vi the Government
with i!!- funds oi The corporation iais = Gnlis j.
well az injurious Uniu:; 10 the Government: ana pep
Pile aud generally in the end "jurious - lie hihs
the people and the Government lnder 'he rue me
DRY Of our institutions there be TO distinction pe
tween the neoni- and their Government Bet when
Government collects taxes from he peoe a'id Allows
corporation - lend theF own money o1e" !" tue PEE"
pie IL is casy perceive ta7t itfy a:e le eatS l''a
victims Of an unnatural comb between their 'fo-
,o,nr,an, end ip blnss The banks are stimulated "
,ia General deposit Of the public i1ns, 10 over sSHe
and Inns ins,ea Of restraining the cT tendency noW
80 ,ourh complained 81 in the banking system, Go
! yarnm,n, encourages it, THIS be oov.atrd h. Sc
,,ra,inu the money Of the Government from tn funds
II the banks b. Of SPECIAL arpps;c, Cheaper
and believe safer mode o. custody iita has been yet
devised II 10 the Government return OF The
u.ccis. fund whether OF gold a"d s:er, or OF bank
llch has cttn GSpJSitSa,
!, wi,fio!dS nothing ircla the banks - which they
IN any sense entitled. ltenaa.es Gorc.nmen: - change
he Gus .ocy Of is revenues. and - fanse: rs iE;cS
With less Inconvenience 10 tine banks ANA wh less 'sn
10 itself y Tie benefits, AMI avoids TIE cyi!s
anticipated from i separation .: ba:h aad State.
Rut hear some exc.a,m, what il done 70 maze
money! plenty IN !.2: mans pocket b collecting TIL
revenue in specie, sEeng theaing The State banks and
dsposi.ng the pubic a.H"y specially with them =
There is no relief IN al ,ais ask Mia, relief can lie
= -, inf. it.-.
Government: After all i, j. impossible fr Govern
meat 10 regu'ae tic private business Q: The ctzen
Ii msy eGua! a!,! ia,; Lass afford protection % pr:
.a.c ,mts fp.ise II ma: Afford facilities +. u" trans
.clio. If or business But Government oil limited
powers cannot regulate lie pice OF b Of exchange
any more than The piice II hogscad oi tobacco. X
canmo, tx the standard Of value for deprecated bank
plper The oLrc; Of government i restraint, Frs. on
the arbitrary viii d. those who administer rs high
trusts, and next on The w of ndiv:a In our
scheme Of government, has been attempted 10 impose
as much the and Little o. the o,Lcf, rs was
compatible with lie general welfare ct society. !.
the powers granted Is our Constitutions - Cavern.
ncu,s shall iaii 10 accomplish ihcr grea, ends, In"
mode has hcen designated " which tie supreme viii
that created may alter amend them. i i not
safer - resort to this POKE. n amendment when any
area, necessity supposed 10 demand the exercise 81
powers granted, tIln - obtain thrm ~ The CON
suclion Of ma j.ri'y "ho as agents Under the Con
su;on uay enlarge Their omn powers Il Their n"n
pleasure and alter the original plan u tue Government.
To suit their caprice: The Constitution Is tie on
Is LnSak Of the people agas; the ambition oi rulers,
the only protection oi MINORITY tie only Restraint on
n,aj,y By amendments, where the powers granted
ire found made cuae, ey may o- enlarged Gnccr sncii
szluiay fsran;s - ,- viii VI the @;oe sia!! pro-
scribe. but when power is assumed under Tie subt!:
process ot construction 1t is taken not "a tie g'auors
chnse 10 confer IL but the grantees hnn proper 10
have il. The Constitution is @orh more 10 every man
in the 5 than all the banks BY stretching is pow
e-s unCcr elastic system 81 consirucion interest
may gain something to-day, bot i may lose more TO-
morrow, and The end all Will BE- the losers as the
Government inseusbly changes us character and be-
comes the lns;rune n; Of unchecked deSpo,sn in
some forta The Constitution may be compared 10 a
y cfthe people, to a deed by which lhey have
ierred certain powers FOR her osn benefit and appoint
ed all the different Departments Of Government their
executors trustees.
And IS II safer that these powers should be exercised
under the of the instrument according 10 the
caprice Of the agents
/, i Ia be regretted that subject 50 intimately con
ncc,cd with all HE interests Of society," tbs should
have been party QUESTION Bat involves p"!i-
teal consideration affecting tie whole scope Of Go.
v.rnnent itself and therefore in som. aspects, this
question must belong t. party. III however il IS strip
ped ofthese attributes and regarded only question
ii business; If The powers oil the Federal Government
in reference 10 (Which ALWAYS haze been and always
w be denied on hand if they affirmed on tire
oihrr be left out oil the controversy, and resort
can h. lad 10 sources Of powe! equally ciicacoIs nm
Ger proper cement, and free from all doubt, this
subject may b. permanently settled. On lie oihc.
hand he charter vi another Nat:unll Baa tir sc have
already lad ,wnl only rencws tie controversy when
the charter expires, If indeed Il be long post
ponrc ana thus continues the agitation. The de-.
srablc Object to Of business is lin, t!s v-xct
question shall be settled. When 1t is settled the bns,.
ness interests ci society Will accommodate them.
selves TO the system and ihus confidence may he re.
stored have stated the plan for collecting and keep.
ing The pnbhc money which have always preferred,
and with such notifications IS believe the present
condition 81 the banks, their true interests and those Of
the people demand. ! unable 10 say whe Their II
Will find sufficient favor with others ensure adop
ton, or Il fair trial if adopted Gu, believe lie g..
neral principles on which il rests must ultimately re-
gnlate any permanent or useful plan which may be
adopted.
1 aware fellow Citizens, that The position have
felt my duty 20 assume, reference 10 certai,
which announced party measures, has sub
eced ne TO harsh DEMONSTRATION for timc. That il
may ALLEVIATE from me many ofthnse with whom have
| cited hon A Il