Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-08-17

thea into the saII5 Unfortunate condition. SGi a"afs'
il may be rad that the States cannot enter into any
arrangement without the consent Of Congress nn
Congress could no, resist application OF The k',a
from the States | am also aware, that there would ot
no means of enforcing the compact. But, have ye'
great confidence in The faith of the States in resPec' 10
monied contracts and, IT II should be found imPae
ticable on that account could provide for It's en-,
forcement by amendment 10 the Constitution ;
know, that ! may differ in these views with many
of our best Democrats but il is the duty "f pobNc
men to suggest their views, awaken spirit OF en-
quiry, and leave the result 10 the calm deiioefa-
tons of the people. The Banks are entitled to no
favor They deserve the severes punishment that can
be inflicted And when say this, do not mean ina
our Banks could, by the most judicous management
have avoided suspension. But they hare stunned
abused their powers and forfeited all claims to favor
by gross neglect and mismanagement to say nothine
of their delusve reports to Government. But Wills
they deserve punishment, do the people, whose OH ~
fault is generous though misplaced confidence, de
serve il: Certainly not. And yet the Banks are sc
intimately connected with the people, that you can
not punish the without depressing the other. y
is The constant liability TO dercnged and hhctu
ating currency, that has induced many OF our oes
Srl purest men to subscribe TO the expedency, ano
many of them TO yield the constitutionallty, oil
Rational Bank Believing that such an ins'tu
lion would give to a few irresponsible persons lie
/ power to control the fortunes of our people, o.
regulating the price Of our produce and propeil9
nj pleasure and knowing, from the history VI ''''
world that man will exert his powers for the advance
mept of a few ut the expense of the many have look
ed npou National Bank the most dangerous insti'
tuition TO the Liberties of the people, that the wit oil man
can devise And have always thought, that It was Tue
dutv Of every friend 10 the country 10 do every thing ~
his mower, to remove the which tend 10 deude
the people into its support So long are liable to
deranged currency, its evils will be constantly before
the eyes of the people And anxious TO avoid these
evils they NAV but readily be induced 10 beiev,
thai n National Bank is the remedy withou. reflect
ma that in chariering National Bank, they are sub
s,antially surrenderng their liberties For he, whose
oropery md produce the mercy of Others nelthe
more nor less than slave. Looking up 10 the Bank a.
the great dispenser of all blessings and having the
mower to mitigate the pressure of the times, tie PEG
pie will speedily become from habit well neces
sty the obsequious slaves of its officers. When ca
lar,es befal them, they will humbly suppicate tho
Bank for relief When prosperity smiles upon them
instead of offering up their thanks TO the supreme
Ruler of the Universe, they will sing hozannas to
! Bddlc
| Accept gentlemen, my most profound acknowedg
ments for the honor you have done me- with assurances
of my most Jealous exertons to merit and deserve it,
With the best wishes for your happiness and prosperi
" and that of each and every member Of the Conyen
ton, am with great respect
Your obedent servant,
JOHN VOOLFOLK.
| To Messrs. John Walker, Thomas Davis, Natlanle
| j. Welsh, VIM A. Ill., and Frederick Duncan, Com
| uifrc