Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-11-16

baton. mpelled by constant desire to preserve the
fai.h and credit of The State unlmpared; have more
than recommended the propriety Of providing u
permanent and efficient sinking fund, for the redemp-
nn Of State bonds, and the egtingushmen OF our
public debit and avail myself OF the present occasion
express the hope, that the Legislature will keep this
object steadily in view.
1T is impossible 10 our banking system, with
out being admonlshed, that il based on borrowed ca
pta and that the faith and credit Of the State are So
lemnly pledged for the payment q: that capital AND
Alabama il 10 herself; 10 her past history, every
period of which signazed BY devotion to sound prln-
cples she 10 her future fame, and to The great
and good TO whom she is indebted for the rich in
heri,ance of written Constitution, 10 pursue such
course will enable her al all times 10 redeem the
obligations of her plighed faith with scrupulous hdc'
ty.
1.-THE intimate relations subsstinr between the State
and General Governments, and liability TO he al.
pctcd, either for good for evil By the action oil the
latter, renders IT proper that should notice some OF
the measures introduced during the late extraordinary
session ct Congress- most Of which have, uniorlu-
naiey as conceive, become laws of the land. am
well aware that there who look upon every
aluson By The State authorities to the action of the
General Government, species of iUpertinent and
oilcuus interference. aly habit Of thinking upon this
subject has led me 10 different conclusion. The &C.
neral Government formed by the States il can
only be- altered by tie States; it responsible TO the
States for its action il constituted trustee by
the States, for the benefit of the people, in relation to
such matters aud others, were specially con-
6ded TO It.
1.-THE ingenuity Of the friends of National Bank in
Congress- taxed the last extremity in order to
enable them to to evade, while they violated The
Constitution, and to incorporate institution Of this
kind. Fortunately, for the country s these attempts
nnsuccessiul-not much, it would appear, how
ever, from disposition 10 preserve the Constitution,
from inability The part Of the friends OF Bank,
Tor Fiscal Agent, it is called,) to agree among
themselves, 10 the particular in which that
instrument should be violated. And il is astonishing
that The President Of the United Saies should have yc
oed two Bank bills for constitutional reasons without
even aliudng 10 the main why such nstitu
ton is unconstitutional-namely that Congress has
no power to incorporate a national institution of any
sort. This question, like the sword OF Danoces, is
still suspended heads; and whether this state
Of suspense is TO terminate in the ultimate triumph Of
the Constitution, in the prostitution of that insrn-
men to the influence Of sordid money power, is a
question which belongs 10 The future. Unless, how
ever, the indications of the times grossly deceptive,
the people abou, TO look 10 this subject; and TO
lieve the country forever from the ihradom and the
co.suptons Of National Bank Ii is hoped that the
Legislature will continue 10 protest against the esta
blishmen, Of any institution of this kind, by whatever
name it may be called and, in tie event off, passing