Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-27

, bv The Old and Young Mems Committees we Oh,
served among the crowd great number Of nnuen,'a
men. vino have usually acted in concert with Inc mhig
party on all political subjects, and several eA"Hs
Aldermen, &c, NC.
Thc meeting was called to order by the appointment
Of Gerardus Boyce, wealthy sversmi,h, to the CHAIR
and Alf. Hunt Secretary.
Mr. +. G. Treadwel, the author oil the Le's ~.
Daniel Webster, reud long and very cain anu ao.
written remonstrance against the proposed pun" -,
from which We can only find loom Tor the ioi'o"''s
passages - r.,,s u,o iran,
The advocates of the power of Congress -" gran,
charters OF incorporation have long SINCE -. non
the field Of argument few bold asss'u""I r.,
The au,boritv of Two Of The writers OF Inc reue'
or Hamilton and Jaw for Madison was against 'h',"
and determination 10 establish Bank AZ an 10
in bold defiance of the ConstItution ana OF ''
of the people through their trumpet Tue -
is all that is now heard of tins once vauh'eu
-, p'a,s If the advocates of this power betray
~ ,,. w.nt of confidence in the justice oil 'heit
cause il must he admitted that they exhibit no siha
deurce of instructive prudence IN Tie h'a'ag e" "
il The opinions Of Hamilton, once so poteht Z" '""
elusive with the tralnbands OF ms au'n'eis' nase
,,r.lv lost their charm, and are seldom quoteo LOT
anv other purpose than TO show how easily they may
| be reruled For instance, he maintained that Gun
uress might charter Bank rs CONSIDERATION ioi,
or the condition Of loan OF money, PROVIDED 'nr
lenders should demand such consideration or cond
II
.Ic.s bave little or no money lend, and this bank
charter is indispensable 10 give them credit; 10 give
the ..bils of credit which il allows them TO emit sui
fcient circulation tn draw IN and absorb the means Oh
those who have money and thereby enable those who
have none to become the bankers of the Government.
The absurdity of borrowing money OF men who nave
no money of legisatIng into credit by special act
which Congress has constitutional power 10 pass,
knot of broken down political gamblers, bankrupts,
stock iohhers and trade fallen bankers, who hang
Tho and the lrtS al
the Treasury has m parallel but the political and
financial circles Of the Hamilton school.
When Congress borrow money they must borrow u
as the Constitution prescrbes, on the credit Of the y
s. or not borrow II al ALL they cannot borrow credit
nor lend credit; they cannot borrow money on cond
fans which the Constitution does not authorize them TO
make The bankers having obtained corporate condi
tons, may demand others. They may say their char
Ter is safe from repeal.
| Wherefore, this meeting earnestly demonstrate
arans, the assumption Of the power by Congress st"
grant charters Of incorporation, either tor the crea
ton of National Bank any other body corporate;
snch power being among those "not delegated 10 me u
! States.
After this was read and responded 10 by loud, long
and continued cheering, the remonstrance was unan
mnusly adopted
| The 70 lowing resolutions then read and adopted
amid tremendous cheering
The following resolutions were offered by Joan H..
I Hunt and adopted by reclamation:
/ Whereas the President OF the L. 5 in his recent
message 20 Congress- has declared that IN vetong The
renewal Of the charter of the late u 5. Bank, Pre-
sdent Jackson was 'iul!y sustained in the course be
had taken by the popular voice.; and has further adj
mttrd that the election Of his successor and IN other
subsequent elections, the charerng of any similar m
stituton disapproved by the people.
! And Whereas the President declares that he has no
means Of determining what is now the judgment OF
his constituents upon matters OF finance, but by appeal
ing 10 their more immediate representatives.
I And, whereas, the prominent measures now before
Congress, namely the creation of National Bank or
corporate Fiscal Agent and lis adJuncts the "l.oan
II Bil' and the redistribution Bill, uhe one to borrow
money for the L. 5 Treasury, the other to give public
money away,l appear 10 have been brought before
Congress through the Influence Of foreign bankers and
stock obbers their agents, coniederacs ana counsel
lors fur they not made test questions, and were
not publicly ayowed by any party at the late elections,
when the present advocates of these measures stndI-
| ously concealed their designs If such designs they
then entertained.
4 Ard, whereas it is all-imporant that government
founded on the popular will, and directly amenable
thereto should frequently receive from their own lips
tie sentiments and instructions OF the people There
fore,
II ResoIrcd That Con gess has constitutional power
/ to charter National BanS or any other monied or
trading corporation, under the name Of Fiscal agent,
or any other name disguise whatever.
\ Rtsoircd That National Debt is national curse,
4 whirh If submitted a scnnrgc IN time cf war,
ounlt never IL be contracted IN time OF peace.
Reyo,red, That the Distribution Of the Proceeds Of
the public lands any other branch OF the national
revenue among the several States, Tor the purpose Of
4 Increasing The price md stimulating the demand for
State Bonds, would be virtual assumption OF such
Bonds and palpable violation Of the Federal Const
tuition.
Reso!red That it is the duty Of the Government of
the IT, S. nv wise and prudent forecast, 50 10 hus-
band ts resources in times Of peace as to make the
most rcual pre- paraon for war: and that when, rs
- the case, country IS menaced on every sde
from the Atlantic, from the Pacific, from the ST. Law
and the Niagara; when on the ocean our flag IS
nsuted and ships searched and captured by Br-
sh cruisers and the peaceabe inhabitants OF our from
tier villages assnssnated in their BEDS murder
ed while lying unnrmed from midnight assai!ants;
when we see these hostile acts publicly justified by the
! British Government; and when the bankers OF tins
colossal power, whom we owe nothing, have their
agents in the Hobbies of The Capitol, camorng for our
money and lands, should be recean to our duty
-recreant 10 the memory OF our rehri fathers, we
did not call Government in all its branches to
keep in lis hands all the means II possesses ard
10 be all times prepared TO resist such course OF
oppression.
Resolrcd That the assumption put forth by certain
Office holders Of the legislative class that they can take
from The people The right 10 repeal odIous laws o their
making for 90, 80 any other number OF years. is an
airocious insult to those from whom they derived their
pay aud their powers and we here soemnly declare,
that should Congress and the President sanction the
odious measures now sought In DC iastened upon the
conntry-mrasurps which party had the boldncss to
publicly avow at the late election-we will vote for
representative who is not unequivocaly pledged to ef
feet their repeal.
Resoired, That this meeting approves Of the appeal
made by The President in his late message 10 The pen'
pie Of the u S through their immediate representa-
,ves for the purpose Of obtaining their Judgment on
questions Of finance; and delegates are hereby in
sructcd call him with copy of the proceedings OF
this meeting and to soc; his especial attention there
TO- giving such explanations OF the views of the people
| as he may request or desire.
/ Rcsoircd, That we recommend the people of the
United States 10 meet in their primary assemblies, and
respond to the appeal of the President by giving
full expression of their views upon the important nca
proposed for the action Of the General Govern.
ment.
After which Alderman Purdy offered the following,
which carried amid the most enthusiastic applause
Resoiued, That should Congress pass an act for the
creation OF any National Bank, we, the people here
assembled pledge ourselves to the other TO cease