Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-06-22

and in which, consequently politicians could not med
de-and over which! there should be control except
that winch needed Cor the prevention Of iluc,ua
ton IN The value al the currency, Nv limiting the
AMOUNT I'll lolns clyit.nds-it would at br SUB
bed, hctausc II wpn'd have the public confidence.
Nrn always put more trust in agents Of their own So.
lection THAI those selected for them BY their political
seryan's. The place for such bank would be 4 mat
ter Of Indifference and might with great proprirty, be
lett 10 the tockholders who would never, we think,
select Washington.
The New York Journal Of Commerce says, ave
have conversed with several gentlemen who are among
The most influential IN desiring National Bank, and
they all say that the plan Of the Honorable Secretary
vi! not answer accordin. 10 their views: that II mus
81 necessity be too much political and too little
camille machine, and that in their Judgment the money
ed and business men at the country would stand aooi
from II. The ~ y. American condemns the plan in ~
to- II objects to the proposed location of the principal
bank, 10 the restrictions regards discounts, and
purchase Of exchange; and concludes that it bet
ter to have bank al all than such MIR. Ewing pro.
poses.
The y. Y Courier attacks II in every point Of view
IL declares, tha II is not snch Bank the Wing party
desire, the People had right TO expect from alr.
Ewing. II Objects that "The first great evil growing
out Of this tac admission that Congress may not char
Ter and locate Bunk Of The L. 5. wherever 1t thinks
proper, is 10 be found the fact that necessary con-
sequence the Bank in conemp ation IS proposed 10 he
located IN the District of Columbia! Now IN onropni
on Al Is dIsrepuable bubble utterly beneath the Dig
my OF statesman to argue that Congress has power
INDIRECTLY TO DO that, which il may not do dtrsruy-
ANA yet We have here grave recommendation, hrst
'nal Tue bank about to be created shall be called the
Fiscal Bank Of the u. s. merely to get the o.
nm OF an OLD name; and secondly that, although esta
bsled Tor the benefit of commerce. for the collection
and saie-keepng Of the public revenues, aud 10 regu
late the internal exchanges of the country it to BE- lo
Gated where there IS no commerce. where the Govern
ment receives Of It's dues and where there are
exchanges to be regulated
We agree thoroughly with the y. Y Courier that i,
most shameless qnib5le-And that bubble consists
OF two parts: lst th- idea Of tran rrny NJ " power IL
Congress the States by founding the Bank on the
grant Of exclusive legislation The District mere
paltry territory, which, as Judge Roane Indignantly
declared, IN the Cohens case, To form no ground
for such usurpaton. THAT grant (said hel was in
tended, shield Of defence 10 the deliberations oil
Congress: and not sword which should cut up
and destroy The rights Of the States. And by what
sound jurs, believes, that the assent Of the States
provided for by ar Ewing ball. can cure the defect,
and enlarge the powers Of Congress; II indeed !
miserable quibb!e to say So Mr. Tyler and Mr Rvcs
both know that the Fedora! Government is com.
pact among the States-that, in this compact, they
have given certain powers that among the po"
ers positively refused IN the Federal Convention,
was that If establishing charters, and especially a
Bank c!lsrte.-tha', II the powers originally gwen
should prove INSUFFICIENT, mode IS prescribed by lie
Constitution itself for giving the Federal Government!
more powefs-snd this Is, b. amen dment, adopted
Nv the a.sen: 81 thee fourlhs Of the States less
How then Congress- directly or indirectly, as
sumo power once, ton, positively r-usedl by the
assent o! one or more Stateswhose virtue they are
attempting 10 corrupt through their cnpidi'y. It's IN
deed miserable G.tbr, and i, IL only introduced tor
the purpose Of covering gross usurpa,on wh dtspi.
cable fraud Timothy Pickering had the honor OF
making he first attempt % smuggle ncw powers mt
lie Federal Government, under the cloak Of with ihe
assent Of tins or that S,a,e-nhen lie proposed 10
amc nd the bonus bill of ISL.
Il is said that Mr. John TYLER Will sanction this
scheme We came, believe Il The Madtsonian at.
firms that Mr. I approves the great features II Ew.
ngs till We viii not believe / On The contrary,
We are assured tie Ltst authority, that lie did not
auorss ha recent articles which have appeared N tile
Miiisonan and that III does not agree with the Secre
ary in al he important Suggestions we arc assured
too On good authority, that though he may 60 for some
particular kind Of District Bank, get he w not 90 tor
Of the District, for any upon the old plan
Can he dot-wi he do IL We should hope II 70 be ut
irty Impossible. This distinguished man cannot 50
degrade himself stoop from hrs exalted station,
where Fate had placed It IN his power 10 carry out az
his old principles the Constitution Of his coun-
try and to en,llle himself 10 Of the highest inches
in the temple uf fame Can such man cover and
quail beneath the dira,on of Clay Clique. or The force
Of .t.w surrounding circumstances. Let rs nope
far better things I.e, hope that John Tyler VIII
rise superior even - himself, ana deserve le 9'd
t,ude Of the presvn, age, and Of al! future g..
nerations The People Of tins country are Demo.
cratic They are opposed 10 large monl~d Cor
pora,on hose ,msch.efs they see written IN the
history Of the Pennsylvania Bank Of the United
States Let Us have ~ Mammoth Bank, with It's
Tremendous powers Of expansion and contraction; no
Money King who preys upon he many tor the benefit
Of the .wwlo controls the markets and corrupis The
morals Of The country Things Of themselves grad
ually coming right. Nature will cure herself. IS
,absh Bank now, and every one admits that It must
he productive Of sever, temporary pressure, greater
than ever But iseai agency may he established r"n
Wasln. on, though lie sound, specie paying banHs' OF
other fiscal apences located at central points, when,
with wise and well guarded restrictions, may answer
ali the purposes Of the Treasury Bu, zoe unto those
who take their first step the Constitution o! their
county No National Bank Branches in the States
that IS the first article Of the creed Of every States
Riuhts Republican Of ~, Of ~, OF -, and Of Al.