Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-08-06


private fortunes from their corporate liabities-o CIR
culapg their "promises to pay to an amount Two or
three times beyond all the metallic representatives OF
value they posses-of dscountng upon the public de-
posltes-of converting these "promises to pay INTO
universal currcncyof contrdctOnS and t1pahSonS al
their plensureand through them Of controlling IN the
public marts the values OF all individual and national
propery-ofa power of curtailmcnt, by which, at any
moment, they drag their debtors to perls brink,
and extort subservences degrading 10 social existence
and fatal TO the public Liberties deny them these, and
charter could not be forced upon their acceptance.
But, if such YririlegtS neecssary-for chom are
they nceessary@ Not for the Government surely. 1t
possesses them without the charter it possesses them
at ALL and, if it does not possess them at ALL it would
be trying task 10 show how it could confer them
either on itself others. No, no,-all the necessity
which exists for a charter created necessity II IS
the Government which creaeS this necLSSiy by strip
ping itself of its sovereignty, and blending and mixing
up the national affairs with those Of individuals.
Ii we pause here moment and take passing glance
at the structure of such Bank and the elements which
compose it, shall find il very curious piece of sd
versifed mosaic. First of all, the Government of the
u $. takes the public moneys of the whole people of
the U. s., and invests one portion of il in the preca
rious stocks OF brokerage concern-witl another
portion of it, the Government buys up stocks IN the
concern and with those stocks buys up the cor
sent of the debtor Slaes and induces them TO
der up the rcserUed ghs Of the people, of which they
the guardians and TO enter into co partnership
Will II. heis oHe Wouiu suppose tniS was enough
Not at all. Having thus formed CO. partnership Of
all the citizens of all the States, in their National and
Stale capacities, behold element of CO. partner
ship is devised and coveted with those very citizens in
their iadeidua capacities Well when this arrangement
completed by this departure from all the attributes and
in derogation Of all the dignity of sovereignty it finds
itself corporate co-parner with sovereign States and
private individuals But the Government has in
volved itself still more; for, il has not only made
unconstitutional investment of the peoples monies.
but i, has given private individuals unconstitutional
control over them
Now, suppose this cepartnership should end disas.
trously-that the private agents in whom you have
centred The control should prove unfaihfn-that hea.
Wy embellishments and blasting investments should
drag the into rrerievahe bankruptcy and at
the close of the liquidation, there is loss of so per
cent upon the capital stock Where are your funds to
be Yes but if the people say you have taxed US
already TO raise this same money, will you twice
for the thing' You have made use of our monies
in way you had authority 10 do and like all other
agents, who have not adhered to the powers given 10
them, you must meet The responsibilities of your
pockets. This wonld be the very NEED of justice, and
The people of all Governments would find their prof.