Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-08-06

of stock the terms of which are not 10 DC sui"e,
adyantag cous 10 commend 1t to cap''ai's's ~,
WI h iced n aoa, in the market as species oil cur
rono, ,,hout the virtue OF Treasury No'es, VINO"
we're in fact redeemabc at all tunes, oy oehg 'e'e'
HE for public dues, may not oniy enu 10 lhpa" '"s
credit of the nation, but exert an injurious "
INC nIJ That the passage Of the law for tempo
..' loan of twelve millions of dollars, and the reien-
,;on of the power issue and reissue treasury Nos
r FIVE millions in addition, coupled with the eAraVa-
r,rt concentrations which are pressed upon congress
nd ,h bll for the distribution of the proceeds oil lie
hl ,nds which has passed branch of that body,
clearly demonstrate the intention oil The party IN po"s,
n Mace the nation in such situation that natoha'
dsbi and an increased tariff will be Inev'tahie NJ.
Rcsolred That although we are perfectly "hi'ns
ina, appropriations may BE- made, su.hcleh. 70 nv"
,Le necessary expenses Of the Government, ana are
das;rous tba, the country may be placed IN proper
s,,,c of defence vet forced TO believe that tue
ey,raynqant appropriations when the reueiais. "ie
prpnp in Congress, for the most part uhuei P.e"c
Of preparing for war; while they proclaim 'na' tere
- 5onht Of continued peace, are prompted ny desire
~ ave The way for National Debt, and Protective
T;H counled with yearnng for ali increased Execu
, patronage 10 satisfy the cupldy OF their partzans
and no, BIZ sincere regard for the public interests or
| the national honor ,, j.,
.h',,;o II Tho nrocecds OF the Public Lands among
h states would be liable to strong objections, tend
inc IN lessen the independence oil the States, by ac-
custoning them TO rely upon the bounty OF Congress
for the funds requisite TO maintain their respective 60
yernmens if it had been brought forward IN time oil
national prosperity but has attained degree OF pro-
aioacy unequalled in the legislative history OF the
conniry by lis passage through the House OF Repre-
scntatves almost simultaneously with laws 10 borro"
money detay the ordinary expenses OF The Govern
men, and for the imposition OF additional taxes, ana
while we have unad jused difficulties with the most
formidable nation of Europe, which may soon result IN
war; and we, therefore, feel constrained TO believe thai
ts friends, in endeavoring to withdraw an annual IN,
come of three millions nf d"iiars from the Naio'a'
Treasury, seek to facilitate natonai oeot ahu o
tectve tariff
| Rssolred That debt is great drawback upon The
energies Of na,lon well of an individual, ana
the former should under circumstances leave us OF
binary expenses, incurred in time OF peace, 10 oe 9
dated in future years; that permanent national aeo
recuires continued TAXATION some form, to pay ITS
interest and renders nation lnsensIlive 10 hPtach
men,s of its honor, by gripping 1t OF The shews OF
wor." and we therefore earnestly call upon MIR Tyler
IN ouide his administration IN tins respect, by the
sonnd sentiments Of his earliest years, that "the day
!, !, 10 be hoped has passed, in which national deb
WINS esteemed n national blessing; and he, who witt
Tho eyampe of England before hun, entettains such
doctrine, denies TO hihsei TIE eAeicse u MS He""
faculties. - 80
Resoircd That we protest against Protective Tariff
because it is unauthorized by The Constitution he
cause it taxes the great Of the community Tor the
benefit of few wealthy manufacturers because II
dspesses individual enterprise, and promotes the spirit
of monopoly because deleerous to the interests
of commerce because it retards improvement be
cause il generates expansion and consequent depre
citation of the currency; because 1t produces an ex
| trayarant expenditure inconsistent with Republican
Government because it leads 10 Nationa! debt be-
cause free people need other protection than To be
let alone and because ii is narrow-mndcd policy,
which might have been congenial TO the "dark ages
but in no way is it in accordance with the liberal prn
ciples OF the present age.
/ Resolred, That the domestic policy Of the Fedora
party as developed by the several measures introduced
into Congress through the regular committees Of the
House OF Representatives known the Loan, the
Bank, the Revenue, and the Distribution bills-pre
sents entire system, of which the main elements
are National Bank, a National Debt, and Protec
tive Tariff: that the effect of such system, il once
firmly established, will be to subject the whole trade
of the country 10 the absolute power of rw indi
viduals, who, by expansions and contractions OF TIT
currency, clecually control the markets through
out the Union, While the Tariff will "protcct then
against the introduction of foreign goods except
prices sufficiently high 10 the addition Of
enormous duty; and the money thus raised by du
ties would mostly be expended in the payment OF int
rest on the national debt, Of which they would natural
ly become the owners: that this system, which wa
terminated in England in the days Of her greatest cor
rup,ion now holds her people in whitening bondage 4
her powerful landed and moned arstocracy,-a bond
age from which they can be delivered only ny orci
BILE revolution: hut il has sympathy with Repnbli
can SOIL and, u the seeds of IL here will be
come the duty at all Republicans 10 arouse and sccur
their early eradication, and the repeal ofevery law form
ing part of system SO nGuitously violative of tn
, equal rights Of the whole people
RcSolrcd, That the power which by the establishment
Of National Bank would be entrusted TO an rresponsi
BILE corporat'on IS inimca to The principles, and dan
gerous 10 the continuance Of Republican Govern
nen--lhe eregulation Of the currency to be veste
BY in the associates of the bank parlor, would ena
BILE them by alternately expanding and contracting il
TO excessive fluctuations in the facilities OF
dit thereby controlling the wages Of labor the price
of merchandise, and the value of secures,-not onl
holding the producing classes in absolute servitude
but possessing tile ability by of the screw,
involve the fortune Of the retired citizen, and the bu
sness of the active and enterprising, in n ruin
and if the proper Of such power, could COME
benefits donbly greater than those which have bee
ascribed TO IT by It's wamest advocates it ton suscep
tble OF abuse be conldcd even TO men who ure cs
teemsd to be honest much less 10 the cunning and un
scrupulous, whom experience has demonstrated ar
most likely 10 obtain lis management.
Resolued That there is nothing in the history of .h
, late Bank of the u. S. which should commend lik
institution TO favor while the periodical distress il ha
brought upon the country its defiance Of law its con
tinued warfare upon the Government lis notorious bri
berry and corrupton the populations and other bao
duct OF It's officers, and its final insolvency. with the los
Of s capital instructive lessons from which season
able warning should be taken.
| RtSOired, That our emily to National Bank is no
coHiiheo 10 MT SIay pan, "hr. Ewing s pan,
or "compromisc plan, but we are intlexbly opposed
to any national incorporation, with banking powers,
Tor the liscaed purpose of Regulating the
Cyl and wr consider the amendment made TO the Banl
Bill IN the Senate, to cvadc the scruple
III relation to an "oldfashoned bank, ofthose Fede
ralists who termed bstraconis,s TO be pal,r,
sublerfua". unworthy Of honorable men, and deserving
unqualified contempt.
Resoirtd, That not only is the Constitution, both il
letter and spirit, utterly hostile 10 the creation of Ma
) N 10 dtn,it oil Tho
the sagaclous patriots who framed that sacred nsru
ment, refused 10 include among the powers delegated
to Congress authority to incorporate institution
the KIND 1t will, therefore, be the bounden duty Of the
friend, of the Constitution if such deetcrious in
frneencnt Of its integrity perpetraed devote the
whole energies TO restore its original purity and trans
nit II unsullied to postcrty.
Rts1ired, That as the powers which will be vested
in National Bank if is incorporated, capable
OF ex'r"sion until ltnay ultimately become loo power
tul to he orrrtrown without vloencc good policy dc
taes that should be ready for a vigorous assault,
upon It, before its fatal alons firmly fixed in the vi