Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-07-16

eer which has bee received in this City ION Tuesday
nghD from the Wing camp, is from a distinguished
wing, VINO writes that no bill pass The Inst letter
have seen from the Republican quarter. is from
Democrat, who thinks il probable that a me re bank al
Discount and deposit, not crcnation will he establish
cd al Washington, by a Government Agent with
power 10 form contracts with State Institutions, &c"
We shall not pretend 10 play the Prophet, in a case
where many shrewder the spot sppcar be
tally al fault. But thing undertake re
that Mr.. Tylers signature to Rives's bill neither
regain him the full confidence Of the Wig purity
retain the respect and confidence of the Democrats.
II rs only wise and patriotic has been chnked
ont for him by The eloquent ard able letter addressed To
him By the penny postnan in the last Democratic Re-
view--which we shall lay before our readers.
The Boston .fornng Post undertakes III predict,
"that in the struggle between Mr. Clay and The acting
President, on the banking power the former viii have
to yield, and either consent to Bank in Washington
with national powers at ALL or lose the whole
Such Bank will be nausea 10 the real Bankmen,
hut the Catnes will take it rather than nothIng be-
cause though it can be Of avail to the nation II can
lonn money TO Them which they want too desperately
TO he able To wait till they can honestly earn it.
ain the details the machine will conform to MIR.
Clays plan, who is the acknowledged dictator in the
Senate, with the exception of the power TO establish
branches against the consent of the States That Will
be the constitutional scruple, which the acting Pres'
dent will Yield, and he ia satisfied in that he will
yield every thing else to the paper money power.
$50 far them the President and his party in Con-
gress will be auxiliaries 10 the Democratic opposition
u this internal mechine which the extra session was
called to construct. The Clay and Webster all
feel tina. such Bank will have national character
and no national odor Its only power will be 10 br'be
the States but imbecilty Will render that pow
almost nugatory, for will have nothing but broken
credit to bribe with.
This feature will present most wcighty reason,
against adrenturing capital in such Bank, because
must take the chance Of political parties in every
Stntp InIan mi nd kHp IN tyrp
ty-sx State majorities The moment any bank is char
tered, REPEAL, Will be IT, :s!lyng cry OF the whole
Democracy Senator Allen i.as nobly declared in the
Senate, that lie will move the repeal the moment the
bill ~ signed and follow Il up TO ITS contamination
lie will be sustained by solemn protest against tins
outrage upon the Constitution and the thrice declared
will OF the people signed By every Democratic member
Of Congress, and ron tina, hour forward the Bank viii
be the target for the hole lire OF the opposition. How
IT establish sustain confidence in such conflict
1.-The capitalists have fair warning Of tins aud vii
they adventure IN such doubtful concern even with
Nlr. Clays hrbe of per CENT provided another
Bddle and his accomplices do not cheat them out OF IL
and sink the whole capital hesdes' Will foreigners,
just snarling under the plumber from them of FOURTEEN
millions in the old bank, capital in the new
Will the King Of liuand subscribe another million and
half, to be swinded out of by another batch oil cot
ton and fancy stock spectators:
.lhese questions answer themselves The Bank
then, can have solid capital, only paper credit 10
stand on; ana u can only staho uhui the Dehocfdlc
party, which for forty years had been III the majority,
again elects its President, and majority Of Congress
then comes REPEAL, as did the eYpunging re-
solution.
. In the meantime, the Bank must fight lis way
against the Democracy in every State The rally then
Will be mo branch, and where branch is forced BY
Wing majority, every election must be struggle Tor
us life death. Even where the Wings could carry
it, they will not be able to e1emp, from taxation and
restrictions.
"Here is the prospect before the Bank men. What
can such an institution do regniato5 safety m
slitui,on any thing but party machine; the mere
shu,llecock between Democrats and Wings at every
election What honest man, what prudent business
man. what friend 10 his country wants such bank as
tins And yet he must take II, with all his conflict
and bitterness and iray about il, or he must have
none.