Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-11
K | CHI nj ON ID:
MORNING. Drcnnunn n.
THE MESSAGE AND rHE PRESS.

THE MESSAGE AND THE PRESS.
The Message is VOtiously received by the North
esn Press from which we have heard. The gene
'a tone OF the document is commended generally b,
the Wing press, as being better han they expected
The Fisoauy is pretty nearly generally except
cd to. Some few applaud it, some few thiak it bet.
ter than nothing, AID others again express the hop,
or belief that it may be so amended, as to subsery,
tho purposes OF the Government and the People
without endOnsering the public liberty. The ma.
iority. whilst they condemn. are willing TO wait and
sec the scheme in all its details in the Report Of the
Secretary Of the Treasury.
The effect upon the Loco Foco press is the mos,
amusing The whole crew seem to Le puzzled
what to say or DO The ulira Locos, as the Msdi.
Sonian calls them, are following in the wake of
Benton and Blair, and ussaire it with great vio-.
enee. Others are yet more mealy .mouthed-spar-
ing Of praise yet afraid to ecnsure. The prob,b;.
hty increases that 1t will lead to schism in that
party. Mr. Calhoun and Mir Buchanan are ,rs.
recied OF Rvorlng the measure more on the sco-, If
jealousy Of Benton and his squad, than from, onv
love they bear to the Fiscality. II this expectation
be realized, the gentlemen, who have been eor,,r,
plating with SO much delight the division in N.
Wing ranks, will hive their hands full in eniov,,
their own disputes. The tables will be turned.
and the lots of fun will fall to u.s. That thswould
be tina case at some time during the next three yonrs
we did not doubt-but we did not expcc, i, at so
early day.
We make a few cx;rae,s from the New York
Press:
From the New York Courier & Enquirer CJyBisl
The great point in this document is the UtS,,,,l
N m La. l..
rernment Bank-iust such an Institution as the
bAnk OF the United States, except that IL may NOT
discount and that the Government is the sole Stock
holder II may as well DO christened AZ once "a
Government Bank OF Issues and Derosite."-Cor
such II will he It adopted by Congress W. can
rot hazird any decided opinion upon its utility u,
al we sec rs details; but our present imrrrSx,oo
- that It will answer ali the purposes nj Nation,
thoSc arising from the power to
discount Notes and Btlls-because il is far n,,,c
National than any other Bank ever suggested bv an
Executive. Will Congress adopt ~ What vii the
strict cnnStrucuouists say to this schemr9 If tb,
nc ne on np'Uae"on,N Is such an one as no State
Fights man ever thought OF rccommendirgn
From the New York standard Loco Fo.ol
The Fiscal scheme, to which all eyes will bo
turned, is the next important subject. We ohio,
IN toto TO the purchase aud sac Of domestic |
exchange by the Government at any rate of pre- I
mum and discount If Treasury Noes. made !
II Washington, can be made curr,pry ,vJ;.L /
will be always At par, and they are not sold he ,S
government above or below par we Sc, no rc,so,
Why Government drafts or bills of EXCHANGE g..
Il any OF tho contemplated agencies shall he ,olJ
II premium or discount We prnre<, TOTS ,,r,E, !
sainst the Government buying or ling anv tb,n,
lnder Heaven IN the shape of money and especi,I-
y paper money. We will never consent In tie usi,c
power Of approaching Or dcprecia;ing the cur,sn5
y--and Consequently the property and lrbor Of the
1uzsn. Exchange Is an incident OF trade and ira
erS only should deal IN IL. It's rate should depenS
N the real values OF commodities and not on frfi,ps
Il any sort. The Sub-Treasury being rcnr,l.J |
nd the duties being no longer in fact payah. IN |
pscie, the whole Treasury Note system and tIi,
whole system OF domestic exchanges is a mere mao
ihcent paper scheme, and Treasury Notes and O.
erEment Bills will be irredeemabc, end therefor.
nredeemed, IN the constitutional currency of IN.
ountry. The objection this Fiscal edfce is thai
has no solid foundation. Whence il tho s,o.s
D comet Who will deposit and take certificates
'hen, MS the President himself tells us, none are
lund 10 take even half OF the - OOO, 900 loan3-
The Democratic party can support no such scheme
From the NY. Commercial. CIYsbgsrD
The next topic ut the message, and that which
as been looked for with the greatest elgcrness re-
'tes to the great and ni,-absorbing currency
ueston. And here, again, we have been most
greeably appOinted-conceivirg, as we do. that
he measure recommended will meet the essential
wants OF the country this respect
We need not repeat, what the readers Of this m,
er very well know, that our own prediIections
re IN favor Of an old fashioned, well. guarded and
veil regulated national bank. But the acouisitior
such institution, with the peculiar views ofrbs
resident, is for the present impossible. Indeed
n the present financial condition OF the countrv
nd with the existing disrusE Of our credit abroad
no with the growing unpOpuIrily OF our ex istin5 |
ankIng institutions, from obvious causes il is GREAT
y TO be questioned whether the stock, under Nh.
most liberal charter, would he taken. And il Is The
nversa. opinion ofcaplasts, that the stock would
ot have been taken under either OF the late vetoed
nnk bills II so, the fact that those bills were We
bed, was a most fortunate occurrence.