Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-04

merely relief but a new impulse to their iortun'
through the fostering influence of great BANK, anu
legislation, to which it will give BIRTH One OF lnu
rst steps for the advantage Of this powerful class w"
be general bankrupt BILL We would not opJee. ~ :.
sny law which would operate to transfer all tne
of bankrupts to creditors, and make genera =. -
ance by putting property in the hands OF tie COED
ers if the Jubilee could end there; but 1t IS 10 DC
that the LEGISLATION which begins in canceli'ns Ju,
Iigalions, and furnishing enlarged stakes, !" nond
the gambling 20 forward on greater scae, m S,u,sd
mi in the end benefit those at present o'e'""e
in great debts but would only give 'nen. - an
facilities to visit upon the whole com,. i. .nb.
FORM the disasters il has recently oeeh
iected to. :. :u,r,tn ,ow il is
The Boston Patriots article, IN 'llus.raa m 81
~, ,ha bonts have power to continue susPe,'s.on "
.nece payments without regard 10 tue gene,a, 10,
est. makes il manifest, without aessn ,ho nowsr of
H.. neone in their political capacity 10 coh,ro, Inc
VI. of r,smption or suspension, sood or oaa cur
q.nou vond ON the contrary weaken it. line artice
continues: ,,:r.u .r /, re.torot;on nj
.rece payments we do not mean to intimate mat ere
d;tS,ylfy IN accomplishing that Object, efcept Me
.f dsposfon to do it on the part Of those lohose
on,1otion is necessary simply question % Pay
;ny mr. NOT paving debts. The banks owe Inc Puohc'
and the public uhat sufficient portion OF Inc pup
lie to give direction to what ca'isa .ne puDs
n;onl owe the banks The present state 81 SUSPENSION
j. The result of an agreement bst0een Inc 6anhs oho ooe
-. ah;e and the pnbic aoho o,cc He banks, that pro-
rded one party be induged in The prsousse q nonPay
mfut The other shall be also SO INDUCED There 's 10
be sure, portion of the public holding the promises
o the banks who do not agree to this mutual ana ac
comn,oda,inp convention. But they are too few 10
make their voice heard and unfortunately tnere IS no.
thing in the nature of sense OF moral oogatoh oPe
r,tng upon the conductors of the banks IN the absence
OF all means Of coercion and there arc o. course 10
means of coercion phe those eho are oentuea W "ie
he mast
This passage explains all the phenomena OF the ao-
sou,e Independence of the banks, of the Legislature
Ia which they owe their being "Ihere are OF course
no means of coercion while those who are benefited by
the Convention Ito set the laws aside) are the most
numerous uarty This the secret of bank suprema-
CO. By making an immense body of debtors, (whom
common interest induces TO act IN concert,) 1t MAKES
force which, although il may not consist OF the most
numerous party, nevertheless the strongest when
contend;np to carry point in conjunction with the
cornoraton to which they indebted, direct and i'm
mediate interest mpes them all to active, and, IN many
cases desperate e1erton. Where the tate OF single
debtor made to depend upon course of policy die
lated by the bank he thus not merely throws hrs own
weight in the scale hut that OF all hs relations, TRENDS
and DEFENDANTS To such wide spread active, mme-
date influence, nothing is opposed but the disnnlted
separate interest which each individual may have in
improving the value of the notes he may have on
hand, if the question be one Of resumption Inc
general feeling in favor of sound morals, makes, it is
the current Ol puDllC OpIiloh
course of the lending and note.issuing corporations
bu this is turned aside by the industry and ingenuity
f the great body whose dearest interests are made to
fall in with it.
IT, then "no means of coercion" can be brought to
hear upon the State institutions to compel them TO do
right while "the public who owe the Banks with
in circumscrlbed circle in each neighhorhood, what
coercion could ever reach a national institution, en-
bracinr the whole Union and commanding the lnfiu-
ence Of the local Institutions which, IS here admitted
themselves superior to law: The truth is mat u
the banking system is once fairly riveted upon the
country and the National Government blends its pow
or with that Of the national institution, while that COM
mands oil the minor ones there will be as little law or
Constitution for our national President, and tributary
bank Presidents there is for the Sultan and his Pa
chas in Turkey There will be different forms of ef-
fec,ing the will of the Government, but it will be as
absolute over that Of the body of the people as that
Of any other Government; and so will end the sove-
reigniy Of the people in the u >, as II mas enaed
every where. War against The DOMINION OF ne oanhs'
is, then, the duty Of every man who loves freedom
= Globe.
The Hook Hooking Coal, Salt, and Land Monopoly or,
Etcing, linton and Company
We must call upon Ohio friends to give us facts
in relation to the Hook. Hooking monopoly, and the
names of the individuals engaged in it. From what
we can hear, it is stupendous monopoly, which went
on swimmingy as long as the Bank OF the United
States and the Gallpos bank could furnish notes that
would pass: but that since the catastrophe OF these
pay on demand, and now in a condition to become
customers TO a National Bank, or TO new set oil
pet banks, for half million or So in the way Of fair
business transactions. The points We want lniorma-
= What is the object of the association? B. Are they
embarrassed. Our information leads US to believe
that Thomas Ewing, director Of the Lancaster Bank
and Secretary of the Treasury Vlnton ex-memoer OF
Congress- and citizen of Gallipolis, and Nicholas BID
die and Ellhu Chauncey, managers Of the Bank Of
the United States and citizens of Philadelphia are the
compapy-that their object to monopoIzc the coal,
the salt and the good lands on the Hook Hooking
river to build town called Chauncey-that they
have expended hundreds Of thousands and erected
the monopoly from others TO Channcey, on poth
sides of the that the needful has suddenly run
short with them-and that they are now siayng on
debts SIN hc lac'S DELAYS until new National
Bank or new depose of public money IN local
Banks shall enable them to have recourse TO the GUS
tomary supplies This is the tenor of the informa-
tion which comes TO us from different quarters Is it
correct Is il in the main, if not to the letter
Is the present Secretary of the Treasury partner IN
monopoly of COAL SALT and land Is he in partner
ship with Nichola. Bidde ? Has he been going on
upon Bank facilities; Have these facilities JAILED
him /. he sued for money which he owes and
does not pay? Is he in danger Of being ruined
Does tile Hack ocking speculation require ehdnge
of times Sc, &c. These are questions which our
Ohio friends can answer, and which ought 10 be an
swered Mr. Ewing is the Secretary Of the Treasury
Congress, presents heavy item against hlm-the
Hook blocking monopoly, if half is true that is saId
must overwhelm him. No man, with two such jobs on
his hands, can be Secretary Of the Treasury IN coun
try where public officers are amenable to the moral
sense of the communy-B.
Prescription E1rRa.-Archibald c. Johnson late
Postmaster at West Point, has been dismissed from OIL
Ace, and J. K. T.. Little appointed in his place No,
that is wrong; MIR. Little is appointed, but not the
slightest ntimaton has been given to Mr. johnson from
The Department that he is superseded much less the
why and wherefore. "Of with his head! So much for
Buckingham, is all the reason that tho H0norntie
Francis Granger give for his deeds More would
The history of Mr.. Johnson and the Post Office is
rather curious one and is another caution that white
men are very uncertain 1t may be promised that our
little town has been cut out large scale, and like
the great cities of ancient Babylon and Rome or the
modern ones of Paris, London, and Dublin, has q RI.
yer running throughout its midst On the east side
live the children of Anak in Whiggery, while on the
use thou 70 universal Democrats saving and except