Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-11-12

such proposition. We trust in like manner, inai 40
shall have no large monied corporation established :,
Washing on-wh:ch may exert reciprocal Influence
upon the officers Of the Executive the members e
Congress There would he corruption in rs ysr,
touch We trust also, that II paper medium j, Ia i.
used for fiscal purposes, the shape Of Treasury notes
or cert caes CT deposit, IN addition to gold ard silver
that one of lis essential elements should be lis copy,
,bility into specie We wait, however, calmly wa,
for the unseang of The book, on the first Monday a
Drcember In the meantime, we have TO mention
another scheme Of Finance, which has been urged
upon Mr. Tyer-5ut We hope without any success
H. il said 10 have met the concurrence o: Mr. John {
Spcncer-bUt it wi! require more than his industry
and shrewfuPss 10 make II acceptable 10 The American
People ii is thus set forth III the
Correspondence If the Saffn Ga:sne (28 i"S
! "W,sHINcroS, Oct. -, l-iI
"Dtar SRI is place is scarcely the focus oi tncr-
est ut present that It will be SIX weeks from 10 Gay
when Congress will open its session. and all eyes b. d.
reced the President, who III his h!s annual MESA
will promuga,e the views and policy whic. ii.
rect his administration.
uWhether any, or what plan, of National Bank vii
be submitted, IN portion Of the country at least
to be matter OF torlnrlng uncertainty That tile IRE
nj has plan in preparation however, Is asseredby
his inmates On the authority OF one Of them, the
lowing is stated to be outline OF it, 1t is said 10 be
drawn ~ b. man OF much experience IN fiscal mat
ters and far the appreciation OF the President
that !, viii probably form the bass Of the project 10 BE-
1'a1'
sage. a. 49,
",y compac, between the States Bank Of iiiy NIL.
lion, IS TO he created with branches in each Of tie
States entering into the compact. ~
"Ths fifty millions to be hired by The States, and Inc
paymen Of II by the States he guaranteed by tie H.
S-the proceeds OF the public lands 10 be pledged by
the States and guaranteed BY the U. 5, as security
for the payment OF the principal and interest OF the ca
pita stock. CD
Con,eul, consisting OF u members to be chosen by
The members Of Congress el oNcto- half the mem
bprs OF the Board Of Control be chosen by the mem.
bprs OF Congress north Of Mason and Dixon lincth
other half By those south Of that line. a
aThus the Interests oil the two great geographical and
social divisions Of the country viii aa:e check upon
each other. %
"The Board OF Control 10 appoint the Directors Of
each State Branch and 10 have the n!l ad entire con-
fr0i Of the Institution and all It's affairs and dtaso
have In. power of removal Of officers Of the Bank and
Branches, upon cause shown ~
Il, shall be- the duty Of this institution 10 provide
and maintain fair aud equal exchanges throughout The
country. II shall have the privileges OF discount, de-
posi,, and issuing bills, &c. ~
"Jbe Board OF Control, Directors Of Branches, and
al officers To be salared, and In be dcbarred from all
accommodations n the Bank Of any KIND or shape
The salaries Of State Directors to De PAD ny their
States The members of the Board Of Control, them.
selves 10 be subject to removal by the body which Gre
alcd hem upon good reasons
The above re the features OF the proposed measure
far learn them. l ne Ircsldrhl ) ooJtclohs ~
COrporation 10 operate per SC, VIII thus he avoided,
and the great objects Of National Bank be ohta
under guarantees for lis good management, strong a.
human skill can contrive. q
This is not the project Of Dr.. Der, any other
s.eculat:s, but of a practical iinancer. DR.. Dew
doubt 20, credit for influence with the President
which he did not aspire tohs VISIT to the PRESIDENT
near the close Of the extra session, being merely trip
of recreation from the duties OF the Presidency OF IL
College Of William and Mary lie had probably no
idea when he accepted the invitation Of his friend Pc
sident Tyler, to pass his vacation with him, that he
should get the credit Of defeating any Wing measure
Yours truly.
We smnn very few remarks by way OF noe or com
men, on the ayvc-fcr the scheme the face u y
| visionary and miSchicyois:
4 IN We Cannot believe ~ TIL We see u.
{o M compact make Bank constitutional IN TACT
nrw rnu cnga-i the CONSTITUTIONS 'n rs tse
consent tbs Of the States 10 sotr aaiendtn o ha ,
m'nt.
q Every ronscraic will At protest against Hrr
lin. 1 n.yy publ,c debt al fifty m,oHsawever guaranteed
unless III the cona;iS IN state Of var
The whole this machinery i airhIiI. anu what
III II il rather contrary the genius aud unity III cont
dera,ed Republic be drawing lines 10y IA" between ~ iA'I
sections.
IGl This Board Of CONTROL the Scat cf Government, IN.
by an nu cnong tic Executive and Congress ere u
appointment and control OF ell the officers ~ h tr
branches In all the Sta cs An anciGs, a!aflsi anu ut
H., IL have privilege IL discount WAY Mr. Tyler vein
this position IN M fast VET" lc dtna'htrd
power discounts liz. y ln 2! Sr' he equally
denounced al dicuuntias Indirectly under Tie sIs
m. writer i. utterly mi-,akcu This non.,r.. project
lt,lr objections which l." ur:9hio torpaf'Ion
II fact, ali the machnrIy q powrf!Gi Gmrai'rn-
urly in of The most Objectionable forms "Ab y
hold Il il should tie Halls o. C0n
| gresr.