Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-08
POLITICS..

POIlilSS.
LETTER FROM Fir. WEBSTER
The following is the letter from Mr. Webster to the
committee o., invitations for the Tyler dinner Of the 22d
in Philadelphia -
WasmiScroS, Feb. -, 1872
Gentlemen: 1t wonld give much pleasure 10 JON
yon in your proposed colnmemora''on oil the or'n uay
of Washing ion, but public duties deprive me OF that
satisfaction 49,.
Every revolving year evinces, more and more clearly
the WISDOM and virtue and patriotism OF mat iiiustr
Gus man; and instead of offering you any sentiment
Of my own, 10 be announced al your celebraton wi
YOU allow me to transcrbe paragraph from hls Fare
well Address?
1.-The unity of Government which constitutes You
one people is also dear 10 you IL Is Justly So o'
il is main pillar in the edce Of your real independ
ence the support OF your tranquility at home, your
peace abroad, Of your safety, ol your prosperity, "
that very liberty which you so highly prize bul as u
IS easy 10 foresee, that from different causes, ana from
different quarters, much pans VIII be taSen, many "i
,ifices employed 10 weaken i'll your minds The convIc
ton of this rutas this the point IN your political
fortress against which the batteries OF internal and cx
ternal enemies will be most constantly ana acuseiy
Though often coyertly and lnsdiousy) directed, II IS
of infinite moment that yon should properly estimate
the immense value Of your national union TO your col
lect,ye and individual happlness-that yon should
cherish cordial habtual, aud lmmoVeable attachment
10 It, accusoming yourselves 10 thnk ana speak OF II
as palladium Of your political safety and prosperity
WATCHING for its preservation with Jealous anxiety
discounie ancing whatever may suggest even sus
pcion that IL can in any event be abandoncd-and IN
.iignanty frowning upon the first dawnng OF every
attempt ALLEVIATE any portion OF our country from Tue
est or TO enieebc the sacred ties which now Ink toge
ther the various parts
There is no Of these sentiments, gentlemen
,yhicb does not enter into my convictions, and sink
deep in my heart. They bave constituted, and SO long
as live, vii! constitute the prncIpe of my poitcal
conduct, whethe. in public or private lie IL we can
maintain these sentiments, if keep their lodge
,nent hipl secure and mistaken in the affections Of
the American people, we need not lear That PATRIOTISM
and good counsels will bring the country, triumphant
ly out of all difficulties, and carry II onward IN lis
BRIGHT career of prosperity and renown. But II these
sentiments shall be abandoned, there will come conse
ouences amidst which know not on what plank pa
,,ctis,n may hope stand for lis last effort or how
the voice ohe wises counscs may expect 10 BE- heard
above the bowling Of the storm
Your invitation lntimaes, gentlemen, that the COM
pany will be composed Of the friends Of President Ty
ier's administration. OF that administration, its cha
racter its purposes It's hopes OF success Il may be-
come me 10 say little. In the events winch have hap
pened and amidst the circumstances which surround
II IL asks one thing from the American people: and
that is fair trial II they will protect 1t against the
effects of unjust dennncatIon in advance and Judge OF
its merits or dement's they may be disclosed IN the
sequel it will have right TO complain, and =" lar as
am concerned will not complain Of the tina judgment
Of the country
Let il be indeed by its measures; By the degree Of
care il shall manifest to maintain, the honor and IN
terest of the U. 5. in their Foreign Relations; by the
disposition it shall evince towards reasonable provi-
sion for public defence, on the land anu OIL the wafer
by its recommendations on the great subjects oil re-
venue and finance b. lis operation iii al! practicable
means of retrenchmcnt and reform; by lis impartial
gard to all interests and all parts Of the country and,
above ALL by its remembrance, on lis lorgeuness OF
the solemn adinonition oth, whose oEious name
and services you commemorate, that the main pillar OF
our Independence prosperity and happiness, will
be found to be, that "Unity Of Government which con-
stutes one People.
am gentlemen your obliged friend and fellow citi.
zen DANIEL WEBSTER.
nlessrs Samuel Rush, James l.. Tyson, JAS. F. Ma
canley, James Mctcury, Joseph Brels!ord, Andrew
Redhefer, Jas. Gregory, Thos. Il. Rossun, Thomas
s. smith-(ommitee.
ALARMS, GROWING OFT OF THE BANK EXPRESSIONS.
The mutterings against the banks, which, 1t Will be
observed attended the meeting i'll Baltimore, ian ac
count Of which copy from the SUM- and those "Iii-
1nored" in the scrap which we cut from the last New
Orleans Courier, make II apparent that the late troubles
at Cincinnati have tendency TO become epidemic,
from one end Of the Union the other. The present
state Of things every where seems to leave aterna.
tive but that the great of the people out oil the
banks shall submit 10 he robbed by spurious paper
currency, really worthless and gradually wasting
away in the hand of every holder; or that the smaller
portion Of the community, dipped IN the banks, shall be
suddenly overwhelmed by the exactons OF the corpora
tons If the present suspension is continued the only
effect will be 10 sacrifice those who are exempt from
bank demands simply TO protract the inevitable fate
which awaits those who make up their list OF debtors,
and TO render that fate the deporabe the longer
il is DELAYED. Sound policy, therefore, requires that
there should be an end of this suspense that there
should be reckoning all round that the banks should
be compelled to iiqudae the demands which the COM
5nuny have thenpay up their notes as tar as they
have means and set free the good currency which
they have locked up, and have time given 10 complete
the liquidation; and that the debtors OF the banks
should be INDUCED in the payment ot their debts TO
the banks by instruments during the period gwen the
banks to wind up their concerns The Legislature OF
Louisiana, in their late bank law have, perceive,
provided against the mischeis Of sudden pressure OF
The debtors Of the bank driven into resumption or
liquidation. They TO pay tenth of the debt BY in
salments, giving real security to make safe the de-
layed payments.
We see no other mode of relief for the debtor class
of the community, (whether banks lndvduas) than
that of giving time TO create the means OF payment,
where those indebted have them not IN hand L, the
money does not exist in The country To meet the uni
yersal demand which must necessarily follow from the
State corporations generally going into liquidation no
thing can be done by legislation to afford relief but by
irving time industry to send its products abroad
bring back the means OF payment winch has been ba
nished by the paper currency. The bankrupt law, II
is true is the ready OF all who would abolish
debts without paving them; but 10 The honest no would
nav their debts und employ their property, CONSIST
inp of money! to produce money 10 meet their obliga-
lions there is relief in Bankrupt law II sacri-
the debtor, who nus cnpabtts Of eAttcalion, rs
The boy sacrificed the goose that bore the golden egg
The State legislatures alone, IN accommodating the
remedies Tor the recovery of debt 10 the cxisences
which the mad career Of banking IN which they have
INDUCED can afford any cure for the disorders thus
produced Congress has no power 10 enter INTO such
local egisla,ion and # it had could not possibly adopt
remedies for the various local difficulties generated by
State Legislation.
Nothing, therefore, ever deceptive than the
hope held Of reIeto the country by Congressional
fnancering. The issue OF certificates, dollar Tor dol
lar on coin deposited the Treasury, would not add
IN The means OF the indebted pay their debts Urea
sury notes. unless given to,hc distressed debtor
would not relieve his dls,resscs. Exchanges granted
by the Government, cash paid down, would not
supply an additional arthing TO the means OF paying
debts -,
Il il moi the transfer Of money, bu, the money ITSELF
that the country wants, and this, National Bank me
great pauaeea Of federalism" could not produce, with
ca, the philosopher stone 1t would only create more