Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-12-18
RICHMOND. SATURDAY. DEC. II. Is,i-
ILr IIScaL .Inlucu

The fiscal .jseucy.
Political parties have not yet opened Tie Z. n,r,;.,
in Congress; and i, not 10 be expected, ,n. iLey
will be fairly under weigh before the Christmas ul
days have gone by. The great and difficult problem -
the Fiscal Agency has yet called on, no debate in Con.
yress, and very little discussion in The newsuape,.
But many politicians appear to lie dissatisfied WIN i,
principle; and most OF lis details offend every Denocrs.
with whom we have conversed about H. in tie intervals
Of our pressing engagements during the last and pes,
week. Even the newspapers have not yet Let them
selves loose upon the scheme The following from ill.,
last New York Evening Post, il copio,s II de,.l
and more iorcibe III lis objections, than any thing H..
we have seen There is IN these structures sTea; .re,
as well truth and some Of The objections are Alto
cellcr irresistible. No such scheme can obtain aov
support from the Democratic Party, without mmer.p
notifications. We mpatently wall the details OF the
plan from the pen of the Secretary OF the Treasury
ave had hoped ere this TO see the Report .. the -
crelary Of the Treasury, giving particular account Il
the plan of finance dsesled by Mr.. Tylers admins.
tra,ion, and referred TO in his message The docg.
mcnt, however is remarkably slow IN coming to Tie
light Il is SAID that The reports Of the heads u r.
parlments uncommonly long this year aud caaao,
therefore, be printed il Nlr. Tyler IS pl,',ra
larly brief his Cabinet, IL l. sad-we hope lncy a;e
sandered-make abundant amends by beng p4g;.ou.
larly vouminous
For Mr. Tylers sake shall be glad 20 fad Tia:
his plan has not tina, prodsious latitude winch j.,
pears TO belong to it sketcled in hs message 4.
/, there stands, is simply lie scheme Of National
Bank administered BY the Government The Gutt:a
en to create agent WHICH shnll possess tie funds
Of the Federal Treasury as capital Tor banking On
this capital it shall ISSUE notes which afc % form
cuation on this capital IL shall discount domestic h!i
of exchange ii is To be empowered also t. s- h.,so!
exchange and 10 receive dercsi!cs from customers
II is, in short, proposal 10 annex 10 Mr. al BleHs
Sub Treasury the powers or neatly The powers ." iaf
National Bank which for years MAINTAINED such
lent struggle with the people.
s.It is true that MIR. Tyler proposes u limit The ssae
OF notes By this bank 10 fifteen millions of dollars, bas
all who are in the least acquainted @ith c history :;
banks in this country, know TIN, ne mnmea, the bans
is established perpetual pressure VIII be applied =
CONGRESS- in order 10 wiring from i It's consent t. ia
enhancement IT the issues. The least embarrassment
in the money market will bring upon the Governmr.
tempest VI petitions fer relief through the bank, aal
all The power Of lobby influence will be brought y
nv The measure. In OF any want OF money rs IT.
rovernmen nj for some public emergency, instead 81 ~
usual resort Of taxation, OF loan 10 be provided -
by taxation a convenient tempting, seduclng fesoGt'r
Will be at land-a issue VI paper by the bihb w.
cannot place the least reliance upon the lifmntss q
virtue Of Congress, when bese, by such q ;cmp.toa
We therefore regard the proposed limitation o 'ssar'
as altogether ineiicac easily may BE- Itm9Fe1
and 50 strong will be the motive 10 remove i.
"Mr. Tyler proposes 10 limit also the amount q ~.
ney 10 be received III depositc by the bank, aud Y
does this, he observes III order that people may MT
in time Of pressure, remove their Grposes IRON W
State banks 10 the Government institution, as p!a'~
Of greater safety II this limitation has any slgnhr:
ton il amounts to a denial VI place Vi safe deposits
for money At the very time II IS most wanted
"But the limitation which MIR. Tyler proposes 70 PIT
upon the power OF dscouning bills OF exchange srihr'
us with the most surprise No bills are 10 be discounted
except those which drawn upon persons who are a
The distance of more than hundred miles. Al III,
rate the great question, when bill oil exchange IS pre-
scented for discount, must be question OIL geography
customer brings draft 10 the counter o! one 81 lEer
new agencies, and wants the money In ordinary cas-
the first question would be- what - the standing ard ~
yency OF the parties: bat under Mr. Tyers scheme ="
cashier must hrs, ask, 'how !ar Go The parties isc apart
The goodness of the paper to be settled b. The LATITUDE
and longitude. There 70 be ptohiced degrees q a
ntude and LtGde III banking. as wei! a. prot lca Y"
grecs OF consansuniiy III marriage. between B5sa"
and New York, you may amuse yourself wi,h ..'ciy'Hs
as much as you please; they are more tah huhGfea
miles apart Between y. York and Philadelphia yol
can y no kites they within the prohibited cesfees
When YOU offer bill Philadelphia, the fiscal ageG'
will tell You that you are out IN your geography ana
must draw your bill upon some place ten miles bey0nd
Tnicum perhaps Chester. Tie hint wili he taken,
ana after few measurements Of distance on lie map,
the customer and the fiscal agent viii begin 70 unlti.
stand each other aud the business oil bank accommo'
dations will go on III regular tram, US N any o'r'
bank.
"The plan suggested i'll Mr.. Tyler message, siT,re'
US as a sor, OF compromise between sincere consic
ton and mistaken idea Of public opinlon-a SINGER.
conviction OF the necessity Of some safe scheme v:
keeping the public money, AMI mistaken OPINION th4t
large portion Of our population III favor Of some
sort OF a National Bank This, il probably IS, whIca
has led to that lnharmonous mixture OF the smpe AT
useful regulations d! the Independent Treasury sceEe
with the dangerous powers OF Bank OF issue anu ~
count
"The Wing journals differ in regard to this scheme
Some adopt Il with great aacriiy; wonder they al
do not for nothing could be in perfect agreement
with their practice of accnmuatng power IN the ecu
trail government. Others object 10 il not quite con
sslen with certain views hitherto maintained by ihe
Wings. The Commercial and Express, of THIS c.f
are in raptures with III the American, Tie olEr
hand condemns II in the following language:
".Ihc Of The banking power wIh all tie otter RS"
Of the Federal Government, ~. ine'ae pol!.a
must belong Control resident nj Washington '
dependent for appointment and existence either on NJ e
the Congress- the sl drl III domestic exchanges
resemblance, agency Is operate ~
Letting keeping and Disturbing The revenue to u" SUI i
which the President has told n the people had condemned
which In signed aboli,i The o; Treasury NOR"
issue Of Government currency, III Il- -ap"
owned and solely ty the Federal Government r
gross in Tie detail, in general or N some pai
opposed Of The Wings while contcndng ic e
sidcncy, and 70 the opinions expressed by the president
Messages and Vetoes Such least of H. AMI
proceed illustrate these hy rroauls "
the speeches Of leading Wing Saie.men and tir Mcs,as
vetocs OF Tie Prcsiten ! because We peirf 10
tails of the plan they be fully ard cNpc! '
ed in The Treasury Report
1--WE, also, should have been willing 10 wait Tor y"
Treasury Report, had not the praises bestowed ~ Y
scheme in certain journals made It necessary that
should state Of the objections TO which i =
posed There is excellent quality of MIR. Iyf
characterize is Of those who have resouti.
enough to revise and reconsider al opinion; ard y.
has shown himself not ashamed 10 say in The angGi
of the philosopher Of antiquity that he IS wiser iot
than he was yesterday We cannot but hope that 81
will upon reflection 10 omit from the sch''
Of which lie has given rs The sketch, It's objections
features.
STATES:
Georg;a-The report and resolutions from tie