Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-01-02
WickliHe responded to his assalants. We have the
C &C LIZ rnL,lins. Is

here s uariy 1saSurc-ihey say II has? throughout INC
late elections been made test qncstor-th'y WISH Z"
n,os. !, on me- said Mr. w as a pariy m'nS"rc-- am
moi ,roT.h lifting bat will AXE my drah on y h'!u..
| vii! he forced t. vote .or ihs resolution AF. "
desc .ibed at length the ruin which INC creation OF we
former bank brought Upon the STATE tlhAS ana Tue
country In pcnnsy lvana, broke up niaet-c,.t~cn-
t;.,hs of The Safe Bunks In Ohio j. rr:aed FL Tie
hus,ness banks In Kentucky sucn was its destructive
influence that almost every dollar of property IN the
State changed hands In the little towns where SaHSs
had been established, the people we're ruined ny lh"'-
sands In Versailles for instance every man OF bust
ness except one was turned out Of doors-ticre was
branch established at Louisvie-wbat next: All Inc
local banks were crushed Do the same thihg again.
and the same results will foltow-busness VIII De as-
cours ged, and the now hourishing banks in LOUISVILLE
swept from existence.
"Genlemcn, said Mr.. W., may take such course as
they please in this matter; they shall never make me go
Tor the establishment Of bank that carries Witn'h IL
self The seeds of IFS d!sscnt:on ana - capable OF
icausnu such fluctuations in the country. The old
United States Bank is sort OF Poii!ca connection PC
tween the Government ana private 'nG'vidnais. me
President appointed pe!cc i1rce 10 take care Of the
Government interest Such bank rs TINS appears 10
be MIGHTY popular with the ma orliy now. In tbs
matter do not 90 with minores or n,al"rcs !
have been in the minority 50 long, that hardly know
how shall get along, now we have become Tie stronger
party There is much more safety with the MINORITY
on, always danger the ranks Of the majordy-having
the power thcv apt 10 run nlo many gricvous cr
ro-s lie was sorry that the Senate Of kentucky was
driving forward measure irausht with so much MIS-
chef lie SAID perhaps the business OF his friend from
Louisville would be better if tho present banks and bn
sness were driven into te Ohio, and fresh capital IN
,roduced 1t would be like pouring oil whccs worn
d,y. 1t Louisville gets a branch Of ten millions, the
capital will be filled up,ie specie will he drawn from
your State banks to supply the new National concern
they will be ruined and then your revenue winch
you are receiving from them would be annhilaeo
Why should these State banks be destroyed to make
room for foreign concern, which would be gathering
upour specie, aud draining the country to pay foreign
dividends: Kentucky made these banks-stail she be
the first tn plot their ruin; Our School Fund too, de-
pended, in measure, upon our banks-shall That Dc
sunk, too, in the whirlpool
"Now said Mr. w, when there is no reason tor this
hasr-no reason all for the agitation OF !h's danger
aus suhrc,-why compel us to pledge ourselves 50
long in ad upon the question Of National BANK
You are about to take n leap in the dark Then lei
prophets tell what is 10 happen. Mr.. w. here citco
The case Of the old Bank OF Kentucky, which was COM
PEELED nv the United States Bank 10 snspcnd-spoke 81
the independent banks, The revusion winch followed
their downfall the losses Of the S;atc-the ruin ol men
of business.
ole would be told he said, that he voted for IIarr-
son and Tyler md therefore pledged support this
measure II was true lie did vote for them; he was
friend to both personally and politically not their
hpmJic servant Voting for them involved no pledge o
support 10 National Bank. If either HARRISON or
Tyler had voted for at rcS0uti0a they could not have
ronchrd toaom, in Virginia, South Carolina, North Ca
rona Georgia They could not have received that
strong vote in many oil the oth" States which elected
them 50 trumphan,ly. II this resolution should pass
John TYLER would suffer lis tongue 10 he drawn from
his throat, and his wrung frnm its socket, before he
would obey It in giving his aid to build mp IN insu
ton tn which he always opposed. Harrison Is also
strongly opposed 10 I 5. Bank, in many essentials
"Eut the Wings are now in the nalorlty-ahou to
start u new Administrations They determined 10
ro il ,rith rush You begin BY ins,ruc.ing the
| Exccutve-tc him that 81, 900 frcemcn Of Kentucky
attest his obligation to comply with your demands
He is already pledged against Bank-he is pledged
here, most solemnly and If he were 10 vote for this
resolution, lie would perjure himself
| "Yct you make thus party measure. 1t is very
popular one, and will, doubt, 20 through here but
It Will be like the angels bnok-thongh ''swec 10 the
taste, it will be "bi,ier in the belly. You about
70 raise the whirlwnt, but what hand Is 10 direct the
storm
MIR. w. said the people Of Kentucky were greatly
embarrassed, consequence of entering upon many
improvements, relying upon borrorfd currency, m
stead of raising money by taxation. The spirit nf
.erprse was up, money loaned 10 carry on these
projects 1t was very popular measure. He was
not here-it he had been, he would have been i'll the
minority, as he will be now, for lie would have OPP
posed this cxrayagant system Of leans Let The peo-
pie raise the money-thcy VIII tcn sec what is Gone
with it-but now they kept ignorant o. what is
borrowcd-know nat how it is expended, until they
! arc startled with the intelligence ui State bonds III
Wall street which the Stale had not The Of pay
nr. Gentlemen NAV talk Of their contempt for Wall
Kentucky than 10 have HE Crcdi, Ut the State pros
( tracd IN Wall street The gentleman from Louis.
Vile may not fear the effects OF protest there sad Mr..
W. but do 1t is not The giant fear, but the PHO
sopher; the anmai but the PrinriPic. The story
wond be told 10 soas that We borrowed money 10
carry on mprovcments-foun il diicnt to pay,
and deiied creditors. How vii we stand do YOU,
think, among sister States: Think OF that. Let
us husband our rcsources--cherish banks--tley
have done well thus far-why shonld discard them,
and the prosperity of State at the feet Of MI IN
stituiion that Will nothing for but 10 fleece
out of fat dividends.
"Mr w. said lie was stakeholder; he once owned
stock, but lost it. We have come here, said Mr. W. 10
take Of Tie interest al the State Every share Of
our bank stock worth 81 81. The owners o shares
| are many of them nou-res'deDis They have conf
dence in our banks They place their money here be-
cause it Yields sure dividend oi per cent. would
not riyr .hcm one cent National Bank established.
Every stakeholder East of the mountains wi! with
draw its capital, and the value Of our stock would only
&c nominal.
"Mr W. spoke of the prejudice against South Caro-
lima, and vndlcaied that State from the aspersons Of
the gentleman from Louisville. lie alluded to the in
terrogaory, where snail get u sound currency:
and expressed himself at less upon tho sublect-spoke
Of the different attitudes which the State had hereto
fore stood upon important Observation-Disclosures NJ
nulli.ca,ionslid that any doctrine might be proved
| by the journals
] "Wha, shall sc do with Tyler, If this is your doc
trine? You say did you not vote for Tyler and now
you order me to vote for bank thong! Tyler had
| 10; declared The bank uaconsu nal, and as though
in voting for one he pledged for the other. John
Tyler was an.bank in policy and principle Harrison
was not 50 explicit but he Of the opinion
While here he was a(raidMc oid fttioec nond commit
hi~.se.f.
"lf this resolution is sent on it viii not go to Gen,
| Harrison but to Van Buren, and his Congress- and Of
! course bc rejected WAIT until Harrison in II
you must instruct, and then you can be heard He
would no, run into tins matter too fast lie had been
the stump, and had used his exerons to get their
candidate eec,ed--had told the people wha, Har
rison aud Tyrrs opinions concerning the Bank-that
both were opposed to National Bank-now you tell
us i, is scuttd question. lie was hish daak man,
more than any ether save Daniel Webster.
ale thought the Senate had better lay tins subject
aside and take care of appropriate business. II ap
pears too much like got up TO k;ll oil two
three Democrats We want them, for the sake Of op-
position. Wo to the people when party politics arc
lad aside and there is opposition TO keep mniorities