Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-28
The Atio Plan or Board Of Eredcqusr.
Tuunsn.x 0ay n.


We yesterday briefly stated the views md
noted the objections which occurred to us on n first
perusa OF the long expected Fiscal AGENT present
ed by the Administration. Since that time pub i.
OPINION IN this city has been freely developed in
conversation, and II may be Safaly said that the
scheme hnds very few advocates. Both of the grc,,
parties OF the country, far as indications here
furnish any clue, will array themselves arains, H.
The Squad, the "runawGys" from the Whig pnrtv
and new fihe personal friends of certain mer,sys
OF the Cabinet, and some commercial Reprcscn',.
uYes, may support II. APPOINTING in all conjecture
say TO some 80 or 10 IN the popular branch OF Com
sress: The scheme IS regarded in the main by both
the wing and Democratic parties, in its iniaable
tendency, if not in design, as grasp at almost un
limited power, which if conferred would double Tho
influence OF the Executive. All men wonder that
the 1blne' composed Of men Of every political hue
-OId Federallss, Nulllfiers, Wings, Conservatives
should have found il possible to ngTcc unaninonS.
y IN adopting 50 monstrous a scheme, and all men
argue from the concordance, that they love their
places, and do not mean to quarrel about trrGcs
When the plan IS dissected in Congress. and il,
enormItIes held up to the public gaze, shall 10
mistaken II som. of these gentlemen do not regre,
their easy compliance in having consented to endorse
it.
The portion of the Wing Press which so prema.
tureIy accepted plan they had not scen-especial.
ly that Of New York, and the Norfolk Herald bnyo
now that plan before the,nin detail Can thew sub
scribe 10 ~ Will they consent 10 encounter roll
uca danger, papable, certain, incalculable for the
sake ola dubious commercial ndvaniage7 We hone
not, and that they will unite with those who desire
to diminish, not TO increase Presidential patronage
IN an unsparng war against this hideous "monsterr
lhe Globe OF yesterday denouncos the Excheuu.
er Bank IN a strong article. We make an extract,
expressing our wonder at those party mutations
winch have brought the Globe and us to regard
pubic measure with the same eyes, and the hone of
It's being some slight indication that all who mean
iarly by tho Liberty Of the Country will bo found
united IN a common purpose Of stranglin. this new
Executive Hydra:
I'm thiswe nave concentrated all the powers of
Bank, and more, supcrndded to the Independent
Treasury. as organized by the lately repealed law,
II the latter embraced oil powers Of the sword and
purse, the Exchequer system embraces both, with
the addition OF power over the cxchanges-in buy
ing and selling them TO any amoun,-not only with
the money, but with the credit OF the Government
In TINS, at once carrying the political machinery Of
the nation into the business-'hc exchange, or in
other words, the transport trade Of Individuals
which, with its ramifcatons embraces the vast com.
merclal employmenis which in oil countries apper
talns exclusively TO the mercantile classes
IL not only takes possession o the purse Of the M.
ton but that Of the private citizen by taking il on
deposte, and founding on 1t new currency Of Ger.
tifcales.
IL renews the connexion Of the Government and
the Banks, and in way giving infinitely more
power over them than could IN any other form be
obtained by Government, by receiving their notes
IN doposto, IN the purchase OF the exchanges sold
by IT. as well as Treasury receipts, which, with the
power OF selection given, viii! enabIo the Govern
ment TO build up favored banks and DESTROY others
at pleasure. It's, IN n word, q vast Government
Bank, IN comparison with which, the hydra feared
IN tho Independent Treasury, as deprecated IN the
speech Of Mr.. Clay, shrlnks into nothng."-B