Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-18
a Fiscal .3e,af-

/ a Fiscal .fgsnt.
Most OF the Northern Wing papers arc express,
ing themselves favorably inclined to MIR. TYLER
Fiscal scheme, as Swallowed forth in his Message
Some say they would have preferred an old fash
toned National Bank. and they consent to tax,
the present project as the best substitute for il,
which can be obtained. Oihers avow a dec;d-
ed preference for this scheme over all o,her.-
ns more national. they say, than any thing evci
oe'ofe proposed, and on that account they like il
better than any other scheme ever suggested. A,
the The SAME time, that it will furnish a GOOD cur
reney' II will tend TO naiionaiiss US as people.
These papers, in their views, oil throw on, q,
consideration the patronage connected with m.
project. That, to them, is matter of no moment
or, IL any, the greater the patronage, the greater
,ner appreciation This is = leading trait in iii.
Northern character, and perhaps dis,inguishe, i,
more broadly than any other from the Southern
character. II public measure subserves the pnr-
poses OF commerce, and ministers TO the tempororx
wants oil the people, 1t hnds favor in Northern eve,
NO further inquiry 10 deemed necessary. IL, effect,
upon the public liberty is OF no sort of con.souenc.
10 them. Now just tbs reverse Of thi. i, the cas-.
with the Southern people. With Thorn. the sr;,;, =,
20 still survives; and however beneficial in ;,s o,c
ra"ons measure may be, if il encrorches upon
the principles Of liberty, meets their
incorporating hostility. This feeling h,, b.,n
carried to excess, and in som. eases, has run ;,,o
RIDICULOUS aostractions. But nevertheless il i, ID
true pTcservative Of human freedom; end when or n
fo'ed by practical common sense, co,s,i,p,., m.
gre" ouiwark against the aggression, of tyrnppv.
pn 'h's account, II is, tina; the very arguments
"hich so strongly recommend Mr.. Ty'.r,, f,c,,
ProJst 10 Northern minds, carse j, TO II. ,cs,,J.S
win distrust or aversion in the South. W, o,
thIs side OF Mason and Dixon's line. feel 80 m,c,,
anxiety as our brethren further North for ,bs s.,
ment Of the currency question upoo so,,. .,,,lo
OASIS. We know that such a settlement is ne.
ssSSh'y 10 'he prosperity and happiness of the
PEOPLE; and we would compromise much of feel
Jug VI P'eJuuiee 10 compass so g:eot "A good
ou' We are not prepared to surrender oil the out
posts winch guard the Temple Of Liberty, to a..
'a'h IL. we are not prepared to subject the whole
'a"o ~ the virtual dominion Of orc manic ol,c,
the independence and means Of livelihood Of sv.,v
citizen at The discretion Of the Central Government,
10 put II into tho power Of the head of that Go.
Vernment TO elevate this man to wealth and r,dnc.
That man to beggasy. This would he TO ,i,, Too
much tor a sound and uniform currency = and If ~.
understand MIR. Tylei's scheme, these are sub,,ap-
usIiy the terms, which it exscts For our mar, ~.
cannot accede TO them, let others do as thew NAV
when this great contest for the control of the
power hrst began-a contest involving Liberty or
pespotism, virtue or vcc--we took our position in
regard 10 II, and We do intend 10 relinouish it
we Will struggle on, whilst there is one TO stand by
US, before We will acsuiesce in settlement Of !,
which subjects the public liberty to the will Of one
man, or which amounts to the same thing pl,e,s =,
his absolute disposal, the immense money mower of
Inc country Some may contend, that Mr.. Tyler's
scheme contemplHtes no such results We think il
will produce them, whether designed or not, if VIC
understand correctly The effects Of the Gors,nm,n,
dealing IN exchange and issuing its own notes od
hbiturn, ss currency. II may Re, though we do
not perceive how, that the details of the scheme
may make provision to obva,e these, to us, insurer
able difficulties. OF that however, we shall be able
10 judge IN n few days
SupPosing, however, that these objections are not
removed, the grave question will arise what course
the Wigs should pursue1 Shall they take upon
themselves the responsibility of kee ping the Escal nd
Sffalrs Of the country in their present
unsettled condition shall they permit Themselves
10 be f-ugued into acqIiescense anu coereed 10 en-
brae. despo,ism the only means of relief to the
psoPlel Let them Co neither. If they reiee, m
otious measure, even without recomme ndinc n sub
siitute, they may well bear the respon siby: and
although they sink under it, their fate would be bet
ter than under the other alternative, of slavery Blu,
there is an exPedient which they may wisely adopt
We have succe..ed IL before. 1t is simple, and i'll
1t does not prove tcent heal ell the diseases of
the body polite, It will do 40 evil, and NAV provo
snnative in its tendencies IL is this. Let Congress
direct that the State Banks, which are the deposi,o
reI OF q respective States shall be the depository
and fiscal agents of the Federal Governmsn, SO long
as they continue TO act in that capscity for the
States. This would remove all objections on the
score OF patronage-it would niuse flesh life into
all branches OF business, and bri the Government
once more into sympathy with Tue wan;S and sui.
ferings Of the people II may be objected tho, the
public funds will not be safe with the State insttu-
lions. With the exception Of four States-Mis.is
sippi, Alabama, Arkansas and Geor.ia-the obiec
ton is without force. The banks in the other mics
are generally good-an certsaly, whilst the States
themselves willing TO conhde their funds to their
institutions, the Federal Government may feel no
apprehension about the safety Of theirs in the same
hands.
We throw ont this suggestion for the considera-
ton Of our friends in Congress-ns an alternative, in
case they con make nothing out Of MIR Tylers
scheme.
THE BANKS.
The resolution submitted, last Monday. to sus-
pend the penalties against the Banks fio,n Is, jan
to LIST, Of April, which was rejected, Tuesday, was
yesterday reconsidered, on motion Of Mr. Leftwich
and nhopied. Many Pentlemen erhihiieh IN en-